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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD) -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (407)	10/25/1999 6:52:00 PM
From: coachbobknight	Respond to of 1884

roger...i decided to make my first bet on this one right at the close...my gut said gap down so i am short... as i think you do, i study big-news, 1-day rockets such as isld...they usually start the next day with downward moves...so many variables though... either way my bet has been placed for the gap...

To: rogermci® who wrote (407)	10/25/1999 6:59:00 PM
From: Kimberly Lee	Read Replies (2) \| Respond to of 1884

$100 is not out of the question as an intermediate target for ISLD, and I will be very surprised if ISLD doens't take out 50 by Wednesday; notice that even CNBC is one of the company's clients. More bullish writeup from CBSMarketWatch: Digital Island buys Sandpiper Shares gain 68 percent on move By Steve Gelsi, CBS MarketWatch Last Update: 4:51 PM ET Oct 25, 1999 NewsWatch SAN FRANCISCO (CBS.MW) -- Digital Island said Monday it's buying privately-held Sandpiper Networks in a stock deal worth about $621 million. Digital Island (ISLD: news, msgs) and Sandpiper plan to "integrate content delivery, hosting and intelligent network services" aimed at a global e-business applications. Shares of Digital Island added 15 11/16 to 38 11/16, near its all-time high of 40 7/17 since it went public in June. About 12 million shares changed hands. It was the sixth most active stock on the Nasdaq exchange. Sandpiper's shareholders will receive 1.07 shares of Digital Island for each Sandpiper share or a total of about 27 million shares of Digital Island. The merger is subject to approval by shareholders of both companies. The deal comes on the heels of an explosion in networking stocks such as Foundry Networks (FDRY: news, msgs), and Sycamore Networks (SCMR: news, msgs), which debuted with a 387 percent jump in its initial public offering on Friday. See IPO Daily Report. The coupling also challenges another red-hot initial public offering expected this week from networker Akamai Technoloiges (AKAM: news, msgs). The merged firm will combined Digital Island's TraceWare software and Sandpiper Networks' Footprint products to speed up Internet content delivery. Digital Island Chief Executive Ruann F. Ernst will head up the combined company. Digital Island and Sandpiper's combined network will include more than 1,200 Web servers feeding 21 countries with a network of five regional data centers. It'll "create the first complete solution for Web-based marketing, sales, fulfillment and support applications worldwide," the companies said. The 100 customers in the combined company will include E Trade, Cisco Systems, Intuit, Novell, CNBC.com, Mastercard, Value America, Microsoft, and the Los Angeles Times. Leo Spiegel, currently president and chief executive of Sandpiper Networks will become President. The combined company will be headquartered in San Francisco and will have sales offices, regional data centers, and operations facilities spanning eight countries.