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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: ArtAlley who wrote (10568)	3/4/1999 11:51:00 AM
From: Trader J	Respond to of 56535

EGGS: Secondary Offering - See Below Company: Egghead.com, Inc. > Business Description: Egghead.com is an online retailer of personal > computer hardware, software, peripherals, and accessories. > Offering Type: Secondary > Offering Size: 5,035,000 shares of common stock are being offered; > 5,000,000 shares by the Company and 35,000 shares by the Selling > Shareholders. > Use of Proceeds: The Company expects to use the net proceeds > from the offering for working capital and other general corporate > purposes. A portion of the net proceeds may be used to acquire > complementary businesses, products, services or technologies. The > Company will not receive any part of the proceeds from the sale of > common stock by the Selling Shareholders. > Price: $17.38 (as of 2/22/99) > Expected Date: The offering is expected to take place on Thursday, > March 11th.