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Technology Stocks : Point West Capital (PWCC) -- Ignore unavailable to you. Want to Upgrade?

To: Michael R. who wrote (119)	3/15/1999 5:31:00 PM
From: MrThesp	Read Replies (1) \| Respond to of 345

Actually before... Then repeated at 12:15p. I suspect it helped our run-up today. Here's the Bloomberg article: <<FlashNet Increases Size of IPO Scheduled for Later Today Bloomberg News March 15, 1999, 8:39 a.m. PT FlashNet Increases Size of IPO Scheduled for Later Today Forth Worth, Texas, March 15 (Bloomberg) -- FlashNet Communications Inc., an Internet service provider, increased the size and price of the initial public stock sale it plans later today. The Forth Worth, Texas-based company now plans to sell 3.2 million shares at $14 to $15 a share to raise about $46.4 million, according to a filing with the U.S. Securities and Exchange Commission. That's 19 percent more than it planned earlier with 3 million shares at $12 to $14 each. Increasing the number of shares to be sold, and their expected price, indicates heightened demand on the part of the institutional investors who generally comprise the bulk of purchasers in an initial stock sale. FlashNet, which says it has about 180,000 customers, including about 3,000 businesses, lost $13 million on revenue of $26.9 million last year. It lost $11.7 million on revenue of $17.5 million in 1997. FlashNet will trade under the symbol ''FLAS'' on the Nasdaq Stock Market. BancBoston Robertson Stephens is leading underwriters in the sale, with assistance from J.C. Bradford & Co. and EVEREN Securities Inc.>>