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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?


To: Bosco who wrote (4915)2/25/2000 10:08:00 AM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 14638
 
Entrust prices offering
From the National Post - NT to sell 1.9 million shares of Entrust - That should help the cash flow.

PLANO, Tex. - Entrust Technologies Inc. (ENTU/NASDAQ) priced its offering of about 8.2 million common shares at $82 (US) each. Entrust said it plans to sell about 1.9 million of the shares itself while shareholder Nortel Networks Corp. (NT/TSE), plans to sell six million shares. Entrust sells
products and services to ensure the privacy of electronic data and transactions via corporate computer networks and the Internet. It said it plans to use the funds for working capital and for general corporate purposes.