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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Arial who wrote (43622)	3/20/2000 10:34:00 AM
From: Saulamanca	Read Replies (1) \| Respond to of 99985

Arial, I wonder if shareholders will be first in line to get the free Ivy League education. This guy said a mouthful last night: Message 13234983 Edit: Here is the article: On a happier note, Michael Saylor, the 35-year-old chief executive officer of Internet data manager MicroStrategy, based in Vienna, Virginia, announced plans to put $100 million toward building a free university to offer everyone an Ivy League education. Saylor, Washington's poster boy for e-commerce, made the announcement last week at a philanthropy convention. And Saylor definitely has the dough to back up his words. His newfound Ivy League buddies at Goldman Sachs have helped him. This week they plan to take him through one post-IPO regimen which when finished will leave him a personal stash of well over $374 million in cash. Saylor's windfall comes when MicroStrategy sells 6.5 million shares next week in what's known as a post-IPO or secondary offering; 1.7 million of the shares belong to Saylor. And this is new money. The company assures us that Saylor has already earmarked stock and funds for the free university. The MicroStrategy post-IPO offering demonstrates why a hot stock price is so important. MicroStrategy went public back in 1998 at $12 a share, but just weeks before the current offering, the shares enjoyed a spectacular runup. Bullish brokerage reports and the prospect of a public spinoff of its successful division explain some of the enthusiasm. With a share price approaching $220, MicroStrategy can raise close to $1 billion with the sale of 4.8 million shares. Goldman's fee, at least $47 million by our calculation, is a multiple of what Merrill Lynch made when it took MicroStrategy public. interactive.wsj.com@2.cgi?jnr88/text/barrons/data/SB953337027412739079.djm/&NVP=&template=barrons-news-search.tmpl&form=barrons-news-search.html&dbname=barrons/index&words=saylor&any-all=AND&maxitems=30&HI= --Jim