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 : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Mao II who wrote (3985)	9/1/1999 11:29:00 AM
From: Jimbo Cobb	Read Replies (1) \| Respond to of 12662

Missed FATB this time 2 but getting rich off VOCL, which I loaded up on at the bottom recently and have been telling folks to buy for the ITXC IPO which will EXPLODE off the NTOP run, and VOCL will own 20% of ITXC post-IPO, Intel will own about 11%.....management from ITXC from AT&T & Micrososft....I know you laughed at ITXC revenues when I told U about it (said it was less than your portfolio), well you won't be laughing when it gets assigned a $1,000,000,000 (yeah, that's $1 BILLION) market cap....even at IPO price will be $500,000,000 market cap....VOCL owns 20% of that !!!! Itxc Rings In With IPO Details, Plans 6.25M Shares At $11 To $13 Newstraders - August 31, 1999 15:29 (NewsTraders.com)-- Itxc Corp., a provider of Internet-based fax and voice services, revealed that it plans to offer 6.25 million common shares, at between $11 and $13 each, in its pending initial public offering. The previous filing, released Aug. 11, did not disclose the terms of the deal. Net proceeds from the offering are expected to be $68.2 million, which Itxc said it would use to expand its network and improve technology, expand sales and marketing and repay debt. The IPO, which amounts to an 18% stake in the company, provides Itxc a potential market value of about $418 million, based on shares to be outstanding and the $12 mid-point. Itxc currently places the ultimate price of the offering at $93.4 million, according to an amended regulatory document released yesterday. Of note, Israeli IP telephony company VocalTec Communications Ltd. (VOCL) has a 19.5% stake in Itxc, while chip behemoth Intel Corp. (INTC) has an 11.6% stake. Located in Princeton, N.J., Itxc also has an address in cyberspace, www.itxc.com. IPO Expectations: Price per share: $11-to-$13 Shares being offered: 6,250,000 Shares to be outstanding: 34,795,632 Company location: Princeton, N.J. Exchange/Symbol: Nasdaq/ITXC Underwriter(s): Lehman Brothers; CIBC World Markets; First Analysis Securities Corp. Copyright 1999 NewsTraders Inc. All Rights Reserved 15:39 Tuesday, August 31, 1999