Netro Corp - (NTRO) Message Board

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Technology Stocks : Netro Corp - (NTRO)

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To: Secret_Agent_Man who wrote (607)	2/18/2000 9:36:00 PM
From: Secret_Agent_Man	Read Replies (1) of 792

Netro and shareholders file to sell 6 mln shares WASHINGTON, Feb 18 (Reuters) - Netro Corp. (NASDAQ: NTRO), provider of high-speed wireless telecommunications access equipment filed Friday to sell four million shares while stockholders in the company plan to sell two million shares. The company said it will net about $131.8 million from the share offering which will be used to expand its sales and customer advocacy organizations, research and development and working capital. Netro will not receive any of the proceeds from the selling shareholders, according to a prospectus filed with the Securities and Exchange Commission. After the offering there will be about 48.9 million shares of common stock outstanding, the filing showed. The underwriters, led by Goldman, Sachs & Co., have been granted the option to purchase an extra 900,000 shares in the event of heavy demand. Shares in the San Jose, Calif.-based company fell 1-1/4 to 34-7/8 on Nasdaq. afterhours 38+

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