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Technology Stocks : Internap Network Services Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Dave B who wrote (697)1/13/2004 9:19:10 PM
From: Bilow  Read Replies (2) | Respond to of 1011
 
Hi Dave B; Re: "What's with this?"

It's partly about "selling stockholders will sell an aggregate of 10,653,536 shares."

The other part of the story is this:

...
incurred net losses in each quarterly and annual period since our inception, and as of September 30, 2003 our accumulated deficit was $826.9 million.
...
We have experienced significant net operating losses since inception. During the nine months ended September 30, 2003, we incurred a net loss of $30.5 million and used $8.0 million of cash. As of September 30, 2003, we held $17.2 million in cash and marketable securities.
...

biz.yahoo.com

-- Carl