Creative Computers(MALL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Creative Computers(MALL)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RockyBalboa who wrote (1601)	8/27/2004 10:52:08 AM
From: Glenn Petersen	Read Replies (1) of 1634

Not exactly UBID. biz.yahoo.com ECost.com Prices IPO One Week Late Friday August 27, 9:49 am ET ECost.com Prices IPO One Week Behind Schedule at a Reduce Price of $5.80 Apiece NEW YORK (AP) -- PC Mall Inc. spin-off eCost.com Inc. priced its initial public offering at $5.80 and expects to begin trading on the Nasdaq on Friday, making its debut during a lull for IPOs that is scheduled to last through mid-September. The Torrance, Calif.-based company, an online retailer of deep-discounted and refurbished brand-name computer equipment, earlier this week trimmed its anticipated IPO price to $5.80 apiece from a prior estimate of $7, but raised the size of its offering to 3.5 million shares from 3.2 million. The company had previously lowered the price to $7 from its original range of $9 to $11 per share on Aug. 18, according to Securities and Exchange Commission filings. ECost.com initially planned to go public on Aug. 19 -- the same day Internet giant Google Inc. launched its highly anticipated IPO -- but delayed the offering. Another Internet firm, WebSideStory Inc., canceled its deal altogether. The company said it plans to use proceeds of about $20 million to pay off debt owed to PC Mall and for capital expenditures and general corporate purposes. ECost.com turned a profit of $6.4 million of sales of $109.7 million in 2003, but is facing a loss this year after posting a first-half loss of $15,000 on sharply higher advertising expenses. ECost.com's shares will trade on the Nasdaq under the symbol "ECST."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next