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.

Technology Stocks : PointCast IPO -- should be filed by late May -- Ignore unavailable to you. Want to Upgrade?

To: Francis Gaskins who wrote (15)	5/16/1998 10:17:00 AM
From: Francis Gaskins	Respond to of 33

POINTCAST TO GO PUBLIC / Red Herring redherring.com May 15, 1998 After months of rumors and speculation, PointCast, the company that pioneered so-called "push-media," has filed to go public. The decision comes even as push technology as a buzz phrase has largely passed out of the tech world's consciousness. Only a year ago, push - which broadcasts news and information to end-users' computers - was being hyped as the Next Big Thing. But network administrators hated the technology's voracious appetite for bandwidth, and some media critics complained that it infringed on the "many-to-many" aspect of the Web by trying to become another version of television. But PointCast changed its mission somewhat, and it's future looked brighter as it began aggregating content from various sources, serving specialized markets and marketing the service to business users. For example, users can choose to subscribe to just the channel that broadcasts computer news, or any number of other business-related subjects. PointCast plans to issue 3.75 million shares at $10 to $12 per share. The company will use the cash for working capital and capital projects and to expand its marketing. Underwriters for the issue are Lehman Brothers, BT Alex. Brown and BancAmerica Robertson Stephens. The filing includes an overallotment option for up to 562,500 additional shares. After the issue, the total shares outstanding will be 21.3 million, for a market cap of $234.3 million.