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Technology Stocks : VersaTel Telecom International NV-(VRSA) -- Ignore unavailable to you. Want to Upgrade?

To: SunSunM who wrote (15)	7/23/1999 3:57:00 AM
From: Mary Baker	Read Replies (1) \| Respond to of 73

I agree with you KC...I lived in Germany for three years and I know how antiquated their telecom infrastructure is! Sounds like VersaTel is one of the "first in, first there" companies that will pave the way through the Netherlands and hopefully be quite lucrative in the long run. I am just after some IPO shares from ETRADE. I am willing to take a chance on VERSATEL!! Good luck to you, Mary

To: SunSunM who wrote (15)	7/23/1999 8:22:00 AM
From: Mohan Marette	Respond to of 73

European Stock Alert: Versatel Seen Priced at Top of Range Bloomberg News July 23, 1999, 2:24 a.m. PT London, July 23 (Bloomberg) -- In The News VERSATEL TELECOM INTERNATIONAL NV, a provider of high-speed fiber optic networks in the Benelux region, is today expected to price its shares at 10 euros each, the top end of the 8-euro to 10-euro range, as demand for shares has exceeded supply by 13 times, said a banker familiar with the offering. Versatel is selling 19 million new shares, up from the previously announced 18 million. That means existing investors will sell 2.25 million shares, 1 million fewer than originally planned. Underwriters have the option to sell an additional 3 million shares if demand warrants. Shares will be listed on the Nasdaq and the Amsterdam stock exchanges and are expected to begin trading today. The company also sold $300 million of senior 10-year dollar- and euro-denominated notes, more than the $250 million it had originally said it would sell. Lehman Brothers Inc. is coordinating the sale. ING Barings is managing the Dutch retail offering. Other managers are Bear Stearns Companies Inc., Hambrecht & Quist Inc., Banque Paribas and Etrade Group Inc. (Updated July 23. Company News: VRSA NA CN.) news.com