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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (23964)	6/25/1999 2:50:00 AM
From: Sonny McWilliams	Respond to of 41369

As long as we are talking about Microworkz: dailynews.yahoo.com

To: puborectalis who wrote (23964)	6/25/1999 3:07:00 AM
From: puborectalis	Respond to of 41369

AOL IS ON THE BALL.....China.com to Raise $78.1 Million in Nasdaq IPO as Soon as Next Week By Teo Chian Wei China.com to Raise $78.1 Mln in Nasdaq IPO as Soon as Next Week Hong Kong, June 25 (Bloomberg) -- China.com Corp., the Hong Kong-based Web site operator partly owned by America Online Inc. and China's Xinhua News Agency, said it's raising as much as $78.1 million in an initial share sale on the Nasdaq stock exchange as early as next week. The company is selling 4.25 million shares, with an option for an additional 637,050 shares at between $14 and $16 per share, the company said in a statement. Lehman Brothers Holdings Inc. is lead managing the sale, and Bear Stearns is co-lead manager. China.com, and its sister sites Hongkong.com and Taiwan.com, all of which have Chinese and English language pages, have features that include free e-mail subscriptions, links to e- commerce vendors and pages dedicated to the weather, finance, sports and entertainment. The company has more than 350,000 registered customers on its three sites, half of which are in Hong Kong. Started five years ago, China.com is hoping its dream team of Wall Street venture capitalists and China's government-run Xinhua news agency will turn its Internet services to become the top Web site in China. New World Infrastructure Ltd., whose main business is building roads and bridges in China, is the largest shareholder in China.com with a stake above 20 percent. America Online owns a 10 percent stake. Other shareholders include Bay Networks Inc., Sun Microsystems Inc., 24/7 Media Inc., Japan's Mitsui & Co. and Bechtel Enterprises, a German management services company. The company declined to give a more recent breakdown of its shareholding or more details of the listing. New World Infrastructure fell 30 cents, or 2.2 percent, to HK$13.60. The stock's gained 20 percent this year.