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Technology Stocks : EFAX.com - easy-to-use fax-to-email technology

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To: StockDung who wrote (981)	4/16/1999 5:33:00 PM
From: RockyBalboa	Read Replies (1) of 1197

Competition, folks : Friday April 16, 5:14 pm Eastern Time JFAX.COM files IPO for $90 million ______________________________ biz.yahoo.com WASHINGTON, April 16 (Reuters) - JFAX.COM Inc. said Friday it plans to raise $90 million in its first-ever sale of common stock to the public. In an initial public offering filed with the Securities and Exchange Commission, the Los Angeles, Calif.,-based company said it applied to trade on Nasdaq under the stock symbol (Nasdaq:JFAX - news). The offering in the Internet-based messaging and communications services provider will be made through Donaldson, Lufkin & Jenrette, BancBoston Robertson Stephens and CIBC World Markets. DLJdirect Inc is facilitating Internet distribution. Net proceeds will be used to expand its global network, repay debt and redeem preferred stock, and to fund marketing and advertising activities. JFAX.COM services enable the user's e-mail to function as a single repository for all e-mail, fax and voice mail and permit convenient message retrieval through e-mail or by phone. ----------------- JFAX thread started: techstocks.com IS

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