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

To: EdR who wrote (730)	2/26/2004 10:52:03 AM
From: Jibacoa	Read Replies (1) \| Respond to of 1011

I think the reason for the upticks today is that the secondary was priced today at 1.50... That could be. I don't think the shares I bought yesterday at 1.70 was enough to make a difference.<g> At any rate the thing to watch now is if the stock will be able to handle its overhead resistance.(It needs to close above $2.10 )I don't know how much shorting has taken place from the $2.50 level by the people that were going to be able to get it at $1.50 <g> Bernard

To: EdR who wrote (730)	2/26/2004 1:30:39 PM
From: dawgfan2000	Read Replies (1) \| Respond to of 1011

ATLANTA--(BUSINESS WIRE)--Feb. 26, 2004--Internap Network Services (AMEX: IIP), a provider of high performance, managed Internet connectivity solutions to business customers, today announced pricing of its underwritten public offering of 35,000,000 shares of its common stock at $1.50 per share. In addition, Internap has granted the underwriters an over-allotment option to purchase up to an additional 5,250,000 shares of common stock to cover over-allotments, if any. All of the shares are being offered by Internap. The transaction will result in estimated net proceeds to Internap of approximately $48.6 million. The offering is expected to close on March 2, 2004 subject to customary closing conditions. The offering was made through an underwriting syndicate led by SG Cowen as sole book-runner. CIBC World Markets was the co-lead manager, and Thomas Weisel Partners LLC, Jefferies & Company, Inc. and Needham & Company, Inc. acted as co-managers. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the prospectus relating to the offering may be obtained by calling the SG Cowen Prospectus Department at 631-254-7106 or contacting them at 1155 Long Island Avenue, Edgewood, New York 11717. CONTACT: Internap, Atlanta Media Contact C. David Sutton, 404/302-9721 dsutton@internap.com or Investor Contact David Buckel, 404/302-9846 dbuckel@internap.com KEYWORD: GEORGIA INDUSTRY KEYWORD: NETWORKING E-COMMERCE INTERNET SOURCE: Internap Network Services