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Technology Stocks : NetObjects, Inc. (NETO) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Duncan who wrote (3)	4/21/1999 7:39:00 PM
From: Cesare J Marini	Respond to of 278

Are you really going to buy some of this? Looks pretty scary to me.

To: Bob Duncan who wrote (3)	4/28/1999 1:16:00 PM
From: alvin ung	Respond to of 278

Wit Capital offering NETO this morning. Alvin

To: Bob Duncan who wrote (3)	4/28/1999 3:53:00 PM
From: Mohan Marette	Respond to of 278

NETO's Principal Shareholders & Use of proceeds. Status/Tentative Pricing MAY3-4 Lead Underwriter BT ALEX BROWN INC Exchange NASDAQ Ticker NETO Price $11-$13 Shares 6,000,000 Shares Offered by Company ALL Over-Allotment 900,000 Est. Offering Amount 89700000 Est. Offering Expenses 0 Post-Offering Shares 26,112,862 Lockup Period 180 ========================== Use of Proceeds 'Repayment of $19.0 million of secured debt owed to IBM Credit Corporation, a subsidiary of IBM, debt of $3.45 million plus accrued interest that we expect to owe to IBM under notes issued prior to the closing of the offering, working capitalrequirements and other general corporate purposes.' ============================= PRINCIPAL STOCKHOLDERS 'The following table sets forth certain information regarding the beneficial ownership of the common stock as of December 31, 1998, assuming conversion of all shares of preferred stock into common stock, and as adjusted to reflect the sale of shares of mon stock in the offering for (i) each person known to us to own beneficially more than 5% of the common stock, (ii) each of our directors, (iii) each of the Named Executive Officers and (iv) all executive officers and directors as a group:' ============================================== COMMON STOCK ---------------------------------------- NUMBER OF PERCENT OWNERSHIP SHARES ------------------------ BENEFICIALLY BEFORE AFTER NAME OWNED (1) OFFERING OFFERING ------------------------------------------- -------------- ----------- ----------- International Business Machines Corp (2)... 15,723,485 81.0% % New Orchard Road Armonk, NY 10504 Samir Arora (3)............................ 1,705,456 11.9 c/o NetObjects, Inc. 301 Galveston Drive Redwood City, CA 94062 Perseus U.S. Investors L.L.C.(4)........... 1,272,103 8.3 The Army and Navy Club Building 16271 I Street, N.W., Suite 610 Washington, D.C. 20006 David Kleinberg (5)........................ 764,775 5.4 c/o NetObjects, Inc. 301 Galveston Drive Redwood City, CA 94062 Norwest Equity Partners V.................. 780,489 5.3 245 Lytton Avenue, Suite 250 Palo Alto, CA 94301 Venrock Associates, L.P. (6)............... 757,071 5.1 30 Rockefeller Plaza, Room 5508 New York, NY 10112 Rae Technology, LLC (7).................... 698,187 5.0 Rae Technology, LLC II 1072 De Anza Blvd., Suite A107 San Jose, CA 95129 Morris Taradalsky (8)...................... 84,692 * Mark Patton (9)............................ 68,682 * John Sculley (10).......................... 56,192 * Michael J. Shannahan (11).................. 40,625 * Robert G. Anderegg (12).................... 0 * Lee A. Dayton (12)......................... 0 * Michael D. Zisman (12)..................... 0 * All directors and executive officers as a group (12 persons) (13)............................ 3,247,705 22.1% % ------------------------