NetObjects, Inc. (NETO) 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 : NetObjects, Inc. (NETO)

NETO 0.00

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: scname who wrote (22)	5/4/1999 12:15:00 AM
From: mfgrep	Read Replies (3) of 278

IBM may be the ONLY one that makes money on this IPO...! LOL <IBM CONTROLS US AND IS FREE TO SELL ITS CONTROLLING INTEREST IN US. Before the offering, IBM owned approximately 71% of our common stock, assuming no exercise of outstanding options and warrants and no conversion of convertible notes, and after the offering IBM will own approximately 54% of our common stock assuming no exercise of outstanding options. This percentage will decrease to 52% if the underwriters' over-allotment option is exercised in full. As our majority stockholder, IBM will have the power to determine matters submitted to a vote of our stockholders without the consent of other stockholders, will have the power to prevent or cause a change in control of us and could take other actions that might be favorable to IBM and potentially harmful to us. IBM is under no obligation to provide us with financial or other support after the offering. IBM CAN ACT IN WAYS THAT MAY BE DISADVANTAGEOUS TO US. IBM is contractually or otherwise free to act in ways that may harm our business. Our restated certificate of incorporation contains provisions expressly acknowledging that:>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next