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Technology Stocks : CMGI What is the latest news on this stock?
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To: James Thompson who wrote (12829)9/3/1999 9:49:00 AM
From: sjemmeri  Read Replies (4) of 19700
 
Here's the news on NAVI IPO from new SEC filing:

. Directed Share Program. The underwriters have reserved an aggregate of
275,000 shares of common stock to be issued by us and offered for sale in this
offering for purchase from the underwriters through a directed share program by
officers, directors and employees of NaviSite. An additional 275,000 shares of
common stock to be issued by us and offered for sale in this offering have been
reserved for purchase from the underwriters through a directed share program by
vendors, business partners, customers and potential customers of NaviSite. In
addition, the underwriters have reserved an aggregate of 825,000 shares of
common stock to be issued by us and offered for sale in this offering for
purchase from the underwriters through a directed share program by United
States stockholders of CMGI who hold at least 100 shares of CMGI stock as of
August 25, 1999 and who have access to the Internet and a personal e-mail
address. These sales will be at the initial public offering price. We cannot
assure you that any of the reserved shares will be so purchased. The number of
shares of common stock available for sale to the general public in this
offering will be reduced by the number of reserved shares sold. Any reserved
shares not purchased will be offered to the general public on the same basis as
the other shares offered in this offering.
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