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To: QuietWon who wrote (55019)2/11/1999 4:45:00 PM
From: Robert B.  Respond to of 119973
 
ESTI - 11 1/2 to 13 5/8 in the last hour of trading after FDA approval news. 9.9 million float, 800 K short. Possible squeeze.



To: QuietWon who wrote (55019)2/11/1999 4:48:00 PM
From: Mr. Big  Read Replies (1) | Respond to of 119973
 
Eastbrokers' largest holder raises stake
ROCKVILLE, Md., Feb 11 (Reuters) - Financial services firm Eastbrokers International Inc. on Thursday said its largest shareholder, Wolfgang M. Kossner, has raised his stake in the financial services firm to 33 percent.

Kossner, through his Austrian financial conglomerate, General Partners AG, bought 526,884 shares, raising the number of shares he owns to 1,736,523 shares.

He is vice chairman of Eastbrokers and responsible for the company's European operations, the company said.

Kossner bought the stock in a private transaction from Peter Schmid, Eastbrokers' former chairman and chief executive, for about $15 per share, the company said.

It is the third time in the past two years that Kossner has raised his stake.

''In my opinion, the true value of Eastbrokers International has not developed, as the company has yet to fully integrate its assets in the U.S. and Europe,'' Kossner said. ''However, I fully expect in 1999 that the company will do so. We have a tremendous amount of new developments which will propel the company to the next level.''

Eastbrokers International operates a highly diversified international investment banking and securities network, including EBI Securities Corp. in the United States.

In Europe, Eastbrokers operates WMP Bank AG, an Austrian bank and brokerage company, in which the company maintains a majority interest, and it owns an Austrian real estate development company.




To: QuietWon who wrote (55019)2/11/1999 4:52:00 PM
From: Rock_nj  Respond to of 119973
 
Did you see this filing re: ZD.net IPO (NYSE:ZDZ)?

ZD Sees ZDNet IPO Of 10M Shares At $11-$13. Underwriters: GS, DLJ, HQ

(NewsTraders.com)-- Media conglomerate Ziff-Davis Inc. (ZD) currently expects the initial public offering of its ZDNet subsidiary to consist of 10 million common shares at $11 to $13 each, according to an amended Form S-1 document.

The offering has a proposed maximum aggregate offering price of $130 million, or $15 million more than previously stated.

Ziff-Davis intends for the new shares, seen listing on the New York Stock Exchange under the symbol "ZDZ," to reflect the performance of the ZDNet online business division.

Ziff-Davis, which expects to reap $111 million in net proceeds from the offering, said it would attribute the proceeds from 1.5 million of the shares (amounting to about $16.5 million) to ZDNet, in "a manner analogous to a primary offering of common stock," and would use the remaining proceeds (expected to total $93.5 million) to repay debt outstanding.

Of note, ZDNet plans to advance to Ziff-Davis its shares of the proceeds, and Ziff-Davis plans to use such proceeds also for the repayment of debt.

ZDNet stock will have voting rights that will fluctuate depending on its market value from time to time as compared to the market value of ZD stock, the filing states.

IPO Expectations:

Price per share: $11 to $13
Shares being offered: 3 million shares of ZDNet common stockZDNet shares to be outstanding: 71.5 million
Company location: New York, N.Y.
Exchange/Symbol: NYSE/ZDZ

Underwriter(s): Goldman Sachs Co., Donaldson Lufkin Jenrette and ambrecht Quist