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Technology Stocks : Point West Capital (PWCC)

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To: Bo Le who wrote (340)	10/3/1999 12:18:00 PM
From: Glenn Petersen	Read Replies (1) of 345

PWCC cuts back on their FLAS position: FlashNet Stake Cut by Fourteen Hill Group to 5.6% Washington, Sept. 24 (Bloomberg) -- Fourteen Hill Capital LP and its affiliates cut their stake in FlashNet Communications Inc. to 5.6 percent from 8.4 percent of common shares outstanding. The San Francisco-based investment group sold 334,700 shares at $10.00 to about $11.10 each between Sept. 13 and Sept. 23, according to a Schedule 13D filed with the Securities and Exchange Commission. The Fourteen Hill group now holds 785,566 shares in FlashNet, a Fort Worth, Texas, company that provides customers with access to the Internet. Company shares fell 11/16 to 9 5/16. Sep/24/1999 16:23

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