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Non-Tech : Invest / LTD

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To: The Ox who wrote (13860)	9/6/2000 11:15:05 AM
From: The Ox	Read Replies (1) of 14427

INTT cancels 2MM stock offering (and I don't blame them one bit!) Intest withdraws stock offer due to market conditions WASHINGTON, Sept 5 (Reuters) - Intest Corp. (NASDAQ: INTT), whose temperature management products are used by semiconductor manufacturers, withdrew on Tuesday an offering of 2 million common shares because of unfavorable market conditions. The Cherry Hill, N.J.-based company was planning to sell 1 million shares while some of its stockholders, including Chairman Alyn Holt and Chief Operating Officer Douglas Smith, were to sell the other 1 million. It withdrew the offering "due to changes in the market conditions, which have resulted in an anticipated offering price per share that is below our expectations," the company said in a Securities and Exchange Commission filing. "Consequently, Intest management and the selling stockholders have determined that it would not be in the best interests of Intest stockholders to complete the offering." Intest shares were up $0.375 to $10.50 in afternoon trading on Nasdaq. They have a 52-week high of $26.25 and a low of $6.50.

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