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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?


To: Keith J who wrote (1044)2/25/1998 8:11:00 PM
From: Kip518  Respond to of 3183
 
I didn't see anything in the S-3 that makes me want to buy this stock -- 4 million share secondary without any proceeds to the company. Given the registration price of $42.50 the underwriters will probably want the market price pushed up to that level before the sale. Doesn't look good if the secondary's price has to be adjusted down. After the sale, then ?