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Technology Stocks : Redback Networks, Inc. (RBAK)
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To: Tom Hua who wrote (756)8/12/1999 9:56:00 PM
From: drakes353  Read Replies (2) of 1956
 
Tom:

Not sure if you'll be back for this one but here's a "heads up" just in case....from today's BRCD earnings release:

BROCADE also announced that Morgan Stanley Dean Witter, the lead underwriter for BROCADE's initial public offering, which was effective on May 24, 1999, has agreed to an early release of the underwriters' lock-up restrictions on up to 2.3 million shares of BROCADE's common stock. Shares will be available for sale no earlier than Wednesday, August 18, 1999.

Float is 3.25 million according to Market Guide.

Regards,

drakes353

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