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To: H-Man who wrote (1250)	8/1/1998 6:27:00 PM
From: DeWAVE	Read Replies (1) \| Respond to of 2752

Something we already knew but FWIW... IPO UPDATE: CYBERIAN OUTPOST LEAVES MARKET COLD July 31, 1998 There was no way Cyberian Outpost's initial public offering would take off on Friday, what with Egghead (EGGS) and Software.net (SWNT) trading lower, and the broader markets taking a beating. All the same, it didn't do too badly for itself. Cyberian Outpost (COOL), an online seller of hardware and software, went out with an offering price of 18. The company raised $72 million on the market with its 4 million shares, and it closed up modestly at 20.50. Although a small increase for an Internet IPO, it was unsurprising, given the recent performances of its competitors. Software.net opened at 12.88 on June 17 and, although trading as high as 22.88 recently, it closed today at a mere 14.25. Egghead has likewise faltered after reaching a recent high of 29.13. Buoyed by talk of its profitable auction site, it recently declined with its earnings reports. Egghead lost $0.24 a share this quarter and its stock took a plunge, closing today at 14.50. "Cyberian Outpost is a just a 'me-too,'" says Francis Gaskins of Gaskins' IPO Desktop. "It couldn't possibly scream." Mr. Gaskin also noted that Cyberian Outpost was priced near Software.net's trading range. That's not a coincidence, he suggests. Repeat customers Cyberian Outpost does boast higher repeat sales than Software.net, accounting for approximately 48 percent of its net sales in fiscal 1998. In addition, its hardware sales give it a broader focus than Software.net, and it has been stepping up its brand recognition through strategic alliances with AOL, Excite, Lycos-Bertelsmann, and CNet. What it doesn't have, however, is an auction site like Egghead. Could another partnership with auctioners Ebay or Onsale be in the works?

To: H-Man who wrote (1250)	8/1/1998 6:52:00 PM
From: Dan Gorman	Respond to of 2752

FYI... Friday July 31, 3:44 pm Eastern Time Union Pacific Postpones IPO of Trucking Subsidiary UNION PACIFIC CORP. Postpones Initial Public Offering of Trucking Subsidiary July 31, 1998, Union Pacific Corp. (NYSE:UNP - news), citing market conditions, announced that it has postponed the initial public offering of its trucking subsidiary, Overnite Transportation Co., which was scheduled to begin this week. UNP noted that Overnite is making solid, positive contributions to the company's financial position at this time and that, although its long-term strategy of focusing primarily on core railroad business has not changed, any sale of Overnite ''must achieve a fair return to our shareholders for this valuable asset.'' UNP said it will re-address the initial public offering when stock market conditions improve.