With today's volume, underwriters probably dropped most of their extra load ....at a very nice profit -- "thank you, thank you to all the little people out there." Talk about pump-n-dump. This is shameless, isn't it. I'm looking to unload mine into the gapup opening tomorrow.
March 18, 1999 20:35
Egghead.com, Inc. Announces Over-Allotment Option Exercised by
Underwriters
VANCOUVER, Wash.--(BUSINESS WIRE)--March 18, 1999--Egghead.com, Inc. (Nasdaq:EGGS) announced today that, in connection with the recently completed public offering of 5,000,000 shares of its Common Stock by Egghead.com at a price of $13.50 per share, the underwriters have exercised an over-allotment option granted by Egghead.com to purchase an additional 750,000 shares of Common Stock of Egghead.com.
Hambrecht & Quist LLC acted as lead manager and BancBoston Robertson Stephens Inc., Prudential Securities Incorporated and U.S. Bancorp Piper Jaffray Inc. acted as co-managers for the underwriting group.
Egghead.com is a leading online retailer of personal computer hardware, software, peripherals and accessories. In addition to computer-related products, Egghead.com sells consumer electronics and other consumer and business goods.
Copies of the final prospectus relating to the offering may be obtained from Hambrecht & Quist LLC (One Bush Street, San Francisco, CA 94104, telephone number 415/439-3000); BancBoston Robertson Stephens (555 California Street, Suite 2600, San Francisco, CA 94104, telephone number 415/781-9700); Prudential Securities (111 8th Avenue, New York, NY 10011, telephone number 212/776-8190); and U.S.Bancorp Piper Jaffray (Piper Jaffray Tower, 222 South Ninth Street, 14th Floor, Minneapolis, MN 55402,telephone number 612/342-6000).
Egghead.com, Inc. is headquartered at 521 S.E. Chkalov Drive, Vancouver, Washington 98683; Phone: 360/883-3447.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
This announcement contains forward-looking statements about Egghead.com that involve risks and uncertainties that include, among others, Egghead.com limited online operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in operating results, systems failures, business interruptions, capacity constraints, systems development, management of growth, the intensely competitive nature of the electronic commerce industry and reliance on third parties, manufacturers, distributors and suppliers. More information about factors that potentially could affect Egghead.com financial results is included in Egghead.com Form 10-Q for the fiscal quarter ended December 26, 1998 filed with the Securities and Exchange Commission.
CONTACT: Egghead Communications
John D. Hough, 206/448-7631
jdhough@ibm.net
businesswire.com
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