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To: Keith J who wrote (5045)12/24/1997 12:07:00 PM
From: LRS  Respond to of 27307
 
I think Peter has the right float estimate of about 8.1M shares but the number could be as high as 11.7M. My numbers follow:

51.6M Shares outstanding
-35.0M Softbank/Yang/Filo/Sequoia
- 7.6M Employee Stock Plan
- 1.6M Four11 acquisition
= 7.4M Minimum Float
+ .7M Form4 sales from 1/97 to 11/97
= 8.1M Likely Float
+ 2.0M 144 Registrations (less Form 4 sales above; if done in Dec)
+ 1.6M Four11 share sales (if done in Dec)
=11.7M MAXIMUM FLOAT

Just my quick analysis.