First Virtual Corporation (FVCX) Message Board

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Technology Stocks : First Virtual Corporation (FVCX)

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To: tech101 who wrote (309)	6/8/2000 9:53:00 PM
From: Manx	Read Replies (1) of 323

FVC gets injection from Vulcan By Chris Kraeuter, CBS.MarketWatch.com Last Update: 8:39 PM ET Jun 8, 2000 NewsWatch Latest headlines SANTA CLARA, Calif. -- FVC.com received $27.4 million from Paul Allen?s investment organization Vulcan Ventures. Vulcan purchased a 16.5 percent stake in FVC (FVCX: news, msgs) for $27.4 million of preferred stock, convertible into approximately 3.4 million shares of FVC.com common shares at a price of $8.00 per share. Vulcan also received warrants to purchase an additional 850,000 shares of common stock at $7.00 per share. FVC networks two-way video over the Internet. FVC shares closed up 17/32, or 8.2 percent, to 7 1/32 on volume of 176,000 shares.

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