UBID - an IPO spinoff of Creative Computers Message Board

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Technology Stocks : UBID - an IPO spinoff of Creative Computers

UBID 3.000

0.0%

Jan 21 4:00 PM EST

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To: Rajiv who wrote (509)	9/27/1999 8:32:00 AM
From: Rajiv	Read Replies (1) of 581

Banc of America initiated coverage of uBid last Friday with a Strong Buy rating. What is interesting is that Banc of America is one of 4 underwriters of the proposed secondary of 2 million shares (the other underwriters being Merrill Lynch, William Blair and Wit Capital). From the current version of the prospectus filed with the SEC on the 23rd, The shares of common stock will be ready for delivery in New York, New York on or about September 29, 1999. The underwriters no longer wait to close the secondary before pumping the stock. In fact, I was under the wrong impression that underwriters cannot make any public comments just before closing a secondary. Regards, Rajiv

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