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Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sir Francis Drake who wrote (1566)	6/11/1999 1:54:00 PM
From: Winston Kim	Read Replies (2) \| Respond to of 10027

NITE is unreal...went to 62 twice and came right back down....Market is in a fragile state. AOL is bumping against the 100 mark...Good buy right here @ 100 1/2. If it bust through 99 I would sell it for a loss. Good potential to run. Internets are taking a beating...

To: Sir Francis Drake who wrote (1566)	6/11/1999 1:56:00 PM
From: Richard H.	Read Replies (2) \| Respond to of 10027

Can anybody explain this to me? DALLAS, June 11 /PRNewswire/ -- Southwest Securities Group, Inc. (NYSE: SWS - news) today announced the pricing of $50,000,000 of 5% Exchangeable Subordinated Notes due 2004. The underwriters have been granted an over-allotment option for an additional $7,500,000 of Notes. At maturity, five years from issue, the principal of the Notes will be paid in shares of the Class A common stock of Knight/Trimark Group, Inc. (Nasdaq: NITE - news), or, at the option of SWS, their cash equivalent. The Notes, which are in the form of DARTS(SM), or Derivative Adjustable Ratio Securities(SM), will be issued in denominations of $56.6875, the closing bid price of Knight/Trimark Class A common stock on June 10, 1999. At maturity, Note holders are entitled to one share of NITE common stock (or the cash equivalent) for each DART if the average price of the NITE common stock for the 20 days immediately preceding the Note's maturity is equal to or less than the DART's issue price. Note holders are entitled to .833 share of NITE common stock for each DART if the average price of NITE's common stock at the Note's maturity is 20 percent or more greater than the DART's issue price. If the average price of the NITE common stock at the Note's maturity is between the Note's issue price and 20 percent greater than the issue price, the exchange rate will be determined by a formula. Underwriters for the offering are Raymond James & Associates, Inc. and Forum Capital Markets LLC. Southwest Securities Group, Inc. will use the proceeds from the offering for general corporate purposes. Southwest Securities Group, Inc. is a Dallas-based holding company that offers a broad range of investment and financial services through its subsidiaries. The company's wholly owned subsidiaries include Southwest Securities, Inc., Mydiscountbroker.com(TM), SWS Financial Services, Westwood Management Corporation, Westwood Trust, SW Capital Corporation and SWS Technologies Corporation. The company's common stock is listed and traded on the New York Stock Exchange under the symbol, SWS. Richard