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

To: David Lind who wrote (710)	1/19/2004 5:41:03 PM
From: dawgfan2000	Read Replies (2) \| Respond to of 1011

Then why the need to sell 35 million shares? To gain aprox $70 million operating dollars? If they are this close, or as close as some analysts say they are to revenues of $250 million, why the need to sell additional shares right now? Can it be because you sell when you are going to get the best price you can? I would be more confident if they had announced a plan to buy back shares (if they are considered cheap). Maybe the shares aren't so cheap. Sales revenue has been VERY flat the last 5 quarters while customer growth has been over 30%. IMO, some thing is not adding up yet. I am long and looking fro some more bottom line revenue growth evidence to reaffirm my holding at this time. Otherwise, I see red flags on the horizon. After this earnings report, I may be looking for another reenty point. INAP has a good product, but needs to solidify its financial ground for my liking.