Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : RAINFOREST CAFE -- Ignore unavailable to you. Want to Upgrade?

To: Richard Phillips who wrote (3774)	1/8/1998 2:13:00 PM
From: J. Kittle	Read Replies (1) \| Respond to of 4704

Richard: Just looked at the minute chart and saw there was 270K stacked up at opening. I wonder if any of that was buy back , or all new money. Hope it was new money. RAIN up 1/2 at 2:00 PM on 2.4 Mil. shares. Jeff

To: Richard Phillips who wrote (3774)	1/8/1998 6:19:00 PM
From: John Carragher	Respond to of 4704

Dow Jones Newswires -- January 8, 1998 Rainforest Cafe Bd Boosts Buyback Plan To 2M Shrs From 1M Dow Jones Newswires MINNEAPOLIS -- Rainforest Cafe Inc. (RAIN) boosted its share-buyback authorization to 2 million shares from 1 million, and withdrew the registration statement for a proposed offering of $100 million of convertible subordinated notes. The moves came after Rainforest stock tumbled 40% Wednesday, apparently in response to a warning by the tropical-theme restaurateur that fourth quarter earnings would fall short of Wall Street expectations. Under the buyback plan, Rainforest may purchase shares from time to time via open market transactions, including option-writing transactions. At Sept. 30, 1997, the company had 17.4 million shares outstanding. The note offering, withdrawn due to "market conditions" according to a filing with the Securites and Exchange Commission, was to have funded working capital needs and general corporate purposes. Briefing Book for: RAIN