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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: polarisnh who wrote (4893)	11/28/1999 1:51:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 4903

" Games being played with their stock symbols." ... From a legal standpoint there was only that one possibility: The merger worked in that way that ONSL was the surviving company, so ONSL stock has been issued to EGGS holders not vice versa. Secondly the surviving Onsale has been (or is being, depends on whether the company registration is done) renamed into Egghead.com. Clearly the new Egghead.com could not continue to trade as "ONSL", so they have chosen to stick with the previous "EGGS", after all is done. In order to prevent any confusion in the backoffices - the nasdaq has set up a rule how to treat a "new issue" in a stock (different reasons are possible) by applying the fifth letter "D", the newly renamed ONSL stock has to trade as Egghead (new), EGGSD for now, as to indicate it is a new issue of EGGS, different in value to the old EGGS.