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Technology Stocks : NextCard, Inc. (NXCD) -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Big who wrote (82)11/15/1999 10:24:00 PM
From: $Mogul  Read Replies (1) | Respond to of 192
 
NXCD- Mr. Big, that statement is a bit untrue all those insiders dumped the day of the AMZN news they planned it perfectly and caught many unsuspecting investors holding the bag. Good thing is that NXCD will come back, but the insiders were dumping.. heck H&Q and DLJ were on a misson from hell near the close.

Thing I do like about NXCD is that over the LT most if not all CC companies are profitable.... bottom line is that this is a CC company not a Internet company per se... they use that as a way to get the hype,...but they do keep costs down by Internet customer service o I guess they are... depends on how you look at it.

But that Picture comment by the CEO was rather hysterical to say the least.



To: Mr. Big who wrote (82)11/16/1999 12:05:00 AM
From: Brasco One  Respond to of 192
 
not according to this...

ostman.com



To: Mr. Big who wrote (82)11/16/1999 8:20:00 AM
From: 2MAR$  Respond to of 192
 
NextCard Completes $220 Million Credit Card Securitization Facility;
Increases Available Conduit Financing To Approximately $700 Million

SAN FRANCISCO, Nov 16, 1999 (BUSINESS WIRE) -- NextCard(R), Inc.
(Nasdaq:NXCD), creator of the First True Internet Visa(R), today
announced it has closed a $220 million asset-backed conduit facility
through First Union Securities, Inc., the investment banking subsidiary
of First Union Corporation.

The conduit facility will be used to fund credit card receivables at
competitive commercial paper-based interest rates. This is the third
facility that NextCard has completed this year, increasing the amount
of funding available through this type of financing to $670 million.

"We are excited about the completion of this transaction, as these
facilities are an integral part of our diversified funding strategy,"
said John Hashman, chief financial officer of NextCard, Inc. "We
continue to expand our financing capacity with cost effective funding
sources as we prepare ourselves for future growth opportunities."



NextCard, Inc.

NextCard, Inc. (http://www.nextcard.com), creator of The First True
Internet Visa in 1997, is considered the industry's leading issuer of
consumer credit on the Internet. The Company has continued to innovate
with its complete GoShopping!(SM) Web site, NextCard Concierge online
wallet and companion, personalized PictureCard(SM) design and
exceptional online customer service.

NextCard is consistently a top 10 online advertiser, operates a network
of over 20,000 affiliates and has exclusive card relationships with
leading brands including Amazon.com and DILBERT.

The company publishes the NextCard eCommerce Index(SM), the premier
source of online transaction activity and was named a "HOT 100 Company"
by Upside magazine and one of "The Standard 100" most important and
influential companies in the Internet economy by The Industry Standard
magazine.

NextCard was recently named the No. 1 credit card brand that PC users
would consider for use, according to ZDNet's (NYSE:ZDZ) BrandIQ
research study. (http://www.nextcard.com)

The Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995. Information contained herein as to NextCard's
expectations and goals are forward-looking statements. Actual results
could differ from those projected in these statements due to portfolio
characteristics, economic conditions, competition in the industry and
other factors detailed from time to time in the Company's Securities
and Exchange Commission filings.

Note to Editors: Trademarks are the property of their respective
owners.



Copyright (C) 1999 Business Wire. All rights reserved.



Distributed via COMTEX.
-0-
CONTACT: NextCard, Inc.
Michelle DesMarais, 415/836-9792 (Media)
michelle.desmarais@nextcard.com
Investor Relations, 415/836-9700
investorrelations@nextcard.com

WEB PAGE: businesswire.com

GEOGRAPHY: CALIFORNIA

INDUSTRY CODE: E-COMMERCE
INTERNET
RETAIL
BANKING
PRODUCT

Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.

*** end of story ***



To: Mr. Big who wrote (82)11/19/1999 8:09:00 PM
From: Kip518  Read Replies (1) | Respond to of 192
 
Watch this leader re-test the highs.

Not likely very soon.

November 19, 1999 17:00

NextCard, Inc. Files Registration Statement for Follow-on Offering of Common Stock

SAN FRANCISCO--(BUSINESS WIRE)--Nov. 19, 1999--NextCard, Inc. (Nasdaq:NXCD), creator of The First True Internet Visa, announced today that it has filed a Registration Statement with the Securities and Exchange Commission for a follow-on public offering of up to 7 million shares of its Common Stock. Of these shares of Common Stock, NextCard will offer 3,500,000 shares and selling stockholders will offer 3,500,000 shares. In addition, the underwriters will be granted an option to purchase up to 15% percent of the final offering amount of additional shares of Common Stock solely to cover over allotments, if any. NextCard intends to use the net proceeds of the offering for general corporate purposes, including working capital, funding of credit card receivables and future capitalization of NextBank N.A., its limited purpose banking subsidiary.

All shares are being offered through a group of underwriters co-led by Donaldson, Lufkin & Jenrette Securities Corporation and Goldman, Sachs & Co. Additional managers include Thomas Weisel Partners LLC, Prudential Securities and U.S. Bancorp Piper Jaffray Inc.

NextCard is a leading Internet-based provider of consumer credit. The Company was the first to offer an online credit approval system for a Visa(R) card and to provide interactive, customized offers for credit card applications. The NextCard Visa, termed the First True Internet Visa, is marketed to Internet consumers through the Company's website, located at nextcard.com

When available, a written prospectus relating to the offering may be obtained from Donaldson, Lufkin & Jenrette Securities Corporation, 277 Park Avenue, New York, New York 10172, (212) 892-3000; Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, (212) 902-1000; Thomas Weisel Partners LLC, One Montgomery Street, San Francisco, CA 94104, (415) 364-2500; Prudential Securities, 111 8th Avenue, 5th Floor, NY, NY 10011, (212) 776-8190; and U.S. Bancorp Piper Jaffray Inc., 222 South Ninth Street, Minneapolis, Minnesota 55402, (612) 342-6000.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.



To: Mr. Big who wrote (82)11/23/1999 8:24:00 AM
From: Kip518  Read Replies (3) | Respond to of 192
 
Isn't DLJ one of the brokers given the $70 objective on NXCD?

November 23, 1999 07:46
Mesquite Transaction Plans To Sell 420,000 NextCard Shares (NXCD)
(NewsTraders.com)-- Insider Details
Source: Form 144 released Nov. 19 by the SEC
Transaction: Proposed Sale
Company filed on: NextCard Inc. (NXCD)
Filed by: Mesquite Transaction Partners L.P.
Filer's relationship to company: None
Number of shares: 420,000 common
Aggregate market value: $14,726,250
Approximate date of sale: Nov. 12
Company shares outstanding: 46 million
Broker: Donaldson Lufkin Jenrette