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Technology Stocks : UBID - an IPO spinoff of Creative Computers -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (530)	9/27/1999 11:49:00 PM
From: Bob Kim	Read Replies (2) \| Respond to of 581

Rajiv, I've taken a cut at analyzing ML's upgrade. In my opinion it was hastily done. If you are interested, the analysis is available at my site: restex.com Bob

To: Rajiv who wrote (530)	9/29/1999 6:25:00 PM
From: Kip518	Read Replies (1) \| Respond to of 581

September 29, 1999 17:27 uBid Completes Follow-on Stock Offering ELK GROVE VILLAGE, Ill., Sept. 29 /PRNewswire/ -- uBid, Inc. (Nasdaq: UBID), today announced the completion of its follow-on stock offering of 2.3 million shares of its common stock (including 300,000 shares for the underwriters' over-allotment). All of the shares were sold by the company, with net proceeds to the company of $48.9 million before offering related expenses. The company plans to use the proceeds of the offering for general corporate purposes, including increased sales and marketing expenditures, working capital, capital expenditures, investments in systems and infrastructure, and potential acquisitions.