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Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY -- Ignore unavailable to you. Want to Upgrade?

To: wallstreeter who wrote (2401)	10/11/1999 10:53:00 PM
From: AllenP	Read Replies (1) \| Respond to of 2489

cbs.marketwatch.com Fund accumulates Perfumania.com stake Dominion Income has 1.55 million shares of e-tailer By William L.Watts, CBS MarketWatch Last Update: 4:15 PM ET Oct 11, 1999 See: IPO Daily Report MIAMI (CBS.MW) -- Investment firm Dominion Income Management Inc. wasted no time scooping up a chunk of Perfumania.com, the online fragrance purveyor announced Monday. Perfumania.com (PF: news, msgs), which made its debut as a publicly traded company Sept. 29, said Dominion filed papers with the Securities and Exchange Commission revealing that it had acquired 1.55 million shares of the e-tailer on the open market between Sept. 29 and Oct. 8. Today on CBS MarketWatch Nasdaq climbs to new high Bull day for chip stocks Global Crossing acquires Racal unit StockWatch: The risks of after-hours trading Oil services stocks soar More top stories... CBS MarketWatch Columns Updated: 10/11/99 5:31:22 PM ET Shares of Perfumania.com fell 5/16 Monday to 6 5/16. Individual entities are required to file with the SEC when they acquire a stake in a publicly traded company exceeding 5 percent. With 7.5 million shares outstanding after Perfumania.com's IPO, Dominion's stake would be more than 20 percent. Copies of the actual filing weren't available from the SEC due to the Columbus Day holiday. In a press release, Perfumania.com appeared to welcome Dominion's stake, describing the private investment firm as enjoying a "long track record of successfully building private high-growth companies into public companies." Perfumania.com further described Dominion as an "active and successful investor" in stocks of high-technology and Internet companies for its own account. Perfumania.com's debut was less than rosy. After notching a high of 7 3/16 on its opening day, shares soon slipped and have yet to bounce back above the $7 offering price. Perfumania.com's parent company, discount fragrance retailer Perfumania (PRFM: news, msgs), holds 4 million shares for a 53.3 percent stake in the online retailer. William L. Watts is a reporter for CBS.MarketWatch.com