Silicon Investor (SI) -- The First Internet Community

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 : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (23856)	6/8/1999 9:53:00 PM
From: David Michaud	Read Replies (1) \| Respond to of 74651

Can any of you guys tell me why would MicroGates buy 10% of this Proginet Outfit ? Its to small to mean anything to them ? Where are they getting at ? Proginet (PRF.U) has entered into an agreement with Microsoft Corporation by which Microsoft is receiving an additional 1,260,000 shares. Microsoft now owns just under 10 per cent of Proginet Corporation common stock. The two companies had entered into an agreement in December 1996, which entitled Microsoft to additional shares at a later date. Today's announcement is in full satisfaction of that agreement. proginet.com Address: 200 Garden City Plaza Garden City NY USA 11530 Phone 516 248 2000 Thanks for any inputs. DM