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To: EGGSHAPE who wrote (2317)	6/19/2003 1:02:58 PM
From: JoeinIowa	Read Replies (1) \| Respond to of 23958

Egg, Looks like they are floating some shares out there to pay debt. Good time to do that when your stock is up so much. Joe Dow Jones Business News Biolase Technology Files for 2.5 Million Shares Thursday June 19, 8:51 am ET SAN CLEMENTE, Calif. (Dow Jones)--Biolase Technology Inc. filed for the public offering of 2.5 million common shares. In a press release Thursday, the medical technology company said it would use the proceeds for general corporate purposes, including debt repayment, capital expenditures, working capital and potential acquisitions. Biolase expects that the underwriters will be granted an overallotment option of 375,000 common shares. The managing underwriters for the proposed offering are Needham & Co., William Blair & Co. and Fahnestock & Co. Shares of Biolase, which makes dental laser systems, closed Wednesday at $ 12.82, up 69 cents, or 5.7%, in Nasdaq trading.