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 : Internet Capital Group Inc. (ICGE) -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (704)	10/25/1999 8:15:00 PM
From: William F. Wager, Jr.	Read Replies (2) \| Respond to of 4187

Susan, terms of the lockup are contained in the S-1. Take a look. I'll try to find time myself to do the same. This is it: (j) Restriction on Sale of Securities. During a period of 180 days from the date of the Prospectuses, the Company will not, without the prior written consent of the Global Coordinator, directly or indirectly, (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale of, or otherwise transfer or dispose of or transfer any shares of Common Stock or any securities convertible into or exchangeable or exercisable for Common Stock or file any registration statement under the 1933 Act with respect to any of the foregoing or (ii) enter into any swap or any other agreement or any transaction that transfers, in whole or in part, the economic consequence of ownership of the Common Stock, whether any such swap or transaction described in clause (i) or (ii) above is to be settled by delivery of Common Stock or other securities, in cash or otherwise. The foregoing sentence shall not apply to (A) the Securities to be sold hereunder, under the International Purchase Agreement, the Standby Subscription Agreement and any other agreement relating to the Directed Share Subscription Program and the Safeguard UIT [and the IBM private placement securities], (B) any shares of Common Stock issued by the Company upon the exercise of an option or warrant or the conversion of a security outstanding on the date hereof and referred to in the Prospectuses, (C) any shares of Common Stock issued or options to purchase Common Stock granted pursuant to existing employee benefit plans of the Company referred to in the Prospectuses or (D) any shares of Common Stock issued pursuant to any non-employee director stock plan or dividend reinvestment plan. --Bill

To: Susan G who wrote (704)	10/25/1999 11:25:00 PM
From: LLCoolG	Read Replies (1) \| Respond to of 4187

Susan, Early ends to lockups can happen whenever the underwriters can line up a buyer and a seller. For a prime example, look at Extreme Networks. They had an early lockup release that brought the stock from 70 to 53. These are great chances to add stock. Why would an underwriter provide an early release? If a nervous holder wants out, do you really think the underwriter would sell the stock to a new client only to see the stock go down? With Extreme, Morgan got the selling out in the 50's, only to bring the stock to 100 shortly thereafter. It still trades in the 70's and 80's--not bad for 6 weeks. Too bad for the nervous sellers. It is bad very short term, but it wuldn't bother me at all if they had an early release. If you want to time B2B stocks, you are far better off playing the individual companies. Just MO. G