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

To: sam who wrote (1320)	1/21/2000 12:00:00 PM
From: sam	Respond to of 1884

Friday January 21, 10:16 am Eastern Time Digital Island files to offer shares, notes NEW YORK, Jan 21 (Reuters) - Digital Island Inc. (NasdaqNM:ISLD - news), which provides a private network to support companies' electronic business efforts, said on Friday it filed with the U.S. Securities and Exchange Commission to offer 4.5 million common shares and $175 million worth of convertible subordinated notes. The company, which said it will use the proceeds for general corporate purposes, plans to offer 3.5 million of the shares, with the rest being sold by stockholders. The price to the public has not been determined yet, the company said in a statement. Digital Island granted the underwriters the right to purchase up to 675,000 shares of common stock to cover over-allotments, if any. Goldman Sachs & Co., Bear Stearns & Co, Inc., Lehman Bros., Merrill Lynch & Co., Thomas Weisel Partners, and Dain Rauscher Wessels will manage the stock offering. All of the firms except Dain Rauscher Wessels will manage the notes offering. Shares of Digital Island were down 7/8 at 79-1/8 in early Friday trading on the Nasdaq stock market. biz.yahoo.com