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

To: Carolyn who wrote (952)	11/3/1999 6:06:00 PM
From: HeatherN	Read Replies (2) \| Respond to of 1884

CarolynF, Thanks for posting all that info. I think ISLD will be staying somewhere in my portfolio for a long time. Your effort is appreciated.....I seem to see you on all the good threads<g>. Heather

To: Carolyn who wrote (952)	11/4/1999 3:33:00 PM
From: William F. Wager, Jr.	Respond to of 1884

DJ Digital Island, Sandpiper Deal Has $30M Breakup Fee WASHINGTON (Dow Jones)--Digital Island Inc.'s (ISLD) $630.5 million stock-swap merger with privately held Sandpiper Networks Inc. includes a $30 million termination fee. The combination of Digital Island and Sandpiper brings together two players in the market to speed up delivery of Internet content throughout the world. The deal may be canceled if it is not completed by May 31, 2000. If either company enters into a third-party agreement within 12 months following the termination of this agreement, that company must pay the other a $30 million breakup fee. The merger is contingent upon the approval of Sandpiper's shareholders, the accuracy of both companies' representations and warranties, and customary legal and governmental clearances, including any applicable waiting period under the Hart-Scott-Rodino Act. Both Sandpiper and Digital Island are prohibited from soliciting third-party proposals for themselves. However, the companies may engage in negotiations if an unsolicited offer is received and that fact is made known to the merger partner. Sandpiper shareholders will receive 1.07 shares of Digital Island for each Sandpiper share. - Lisa Kinney, Dow Jones Newswires/Federal Filings $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Thanks CF for your CC summation. --Bill