It will be interesting to see what VRIO does with all this cash..Cash and cash equivlents reported in the Q stood at $526 million,,today they place an additional $400 million in bonds...Alot of debt,but damn, a lot of on hand cash<g>..DD
"As of September 30, 1999, we had approximately $526.1 million in cash and cash equivalents and short-term investments
(including $33.1 million of restricted cash). Our business plan currently anticipates investments of approximately $140.0 million
over the next 12 months for capital expenditures, acquisitions, operating losses and working capital. "
............
"
ENGLEWOOD, Colo., Nov. 16 /PRNewswire/ -- Verio Inc. (Nasdaq: VRIO - news), the world's largest operator of Web
sites for businesses and a leading provider of comprehensive Internet services, today announced that it has agreed to issue
$400 million aggregate principal amount of 10-5/8% Senior Notes due 2009 (the ''Notes''), in a private placement to a number
of institutional investors in accordance with Securities Exchange Commission Rule 144A. These securities have not been
registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements."
..Man, EXDS is kicking butt today,,JAGTX is putting a big smile on my face<g> |
