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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank -- Ignore unavailable to you. Want to Upgrade?


To: $Mogul who wrote (1715)5/10/1999 9:44:00 AM
From: ChartMan  Read Replies (1) | Respond to of 2414
 
Net.Bank Plans to raise $167.7 Million (Check out the offering price)

ATLANTA -- Net.Bank Inc., an Internet bank, said it intends to sell three million common shares, adjusted for a pending 3-for-1 stock split, raising a total of about $167.7 million after expenses.

In a Securities and Exchange Commission filing, Net.Bank said the majority of the proceeds of the stock offering, which assumes a split-adjusted offering price of $59 a share, or $177 on a nonadjusted basis, would be used for loans and to purchase investment securities.

Returns from those assets and other offering proceeds would be used for general purposes, including boosting the company's marketing budget during the next year, Net.Bank said. The bank said it also plans to issue $100 million of convertible subordinated notes that mature in 2004.

Underwriters for the offerings are Bear, Stearns & Co., BancBoston Robertson Stephens Inc., Raymond James & Associates Inc. and London-based Kelton International Ltd.

Net.Bank stock fell $5.50 to $165 in Nasdaq Stock Market trading Friday. The company, started almost three years ago, went public in July 1997 at $12 a share.




To: $Mogul who wrote (1715)5/12/1999 7:32:00 AM
From: ChartMan  Read Replies (1) | Respond to of 2414
 

Technical Analysis On RadioWallStreet Interview Broadcast Over the Internet

PHILADELPHIA-(BUSINESS WIRE)--May 12, 1999-- Cisco Systems, Inc. (NASDAQ: CSCO), Net.B@nk, Inc. (NASDAQ: NTBK), Safeguard Scientifics, Inc. (NYSE: SFE), Inktomi Corporation (NASDAQ: INKT), America Online Inc. (NYSE: AOL), Security First Technologies (NASDAQ: SONE), Microsoft Corporation (NASDAQ: MSFT), Amazon.com, Inc. (NASDAQ: AMZN), Broadcast.com Inc. (NASDAQ: BCST), IBM (NYSE: IBM), CMGI Inc.(NASDAQ: CMGI), BroadVision, Inc. (NASDAQ: BVSN), At Home Corporation (NASDAQ: ATHM), Compaq Computer Corp. (NYSE: CPQ), and other companies will be discussed in a RadioWallStreet interview Wednesday, May 12, 1999 at 11:00 AM EDT, with Bob Brogan, Editor of the Signal Report, which is published by Fahnestock & Company, Vcall Corporation announced.

This interview, conducted by Joseph Besecker of Emerald Research, will be available through the Vcall website. To listen to the interview, investors should go to Vcall's website located at vcall.com and click on the RadioWallStreet event.

RadioWallStreet is a Vcall service that broadcasts interviews, roundtable discussions, seminars and other events of interest to the investment community. RadioWallStreet events may be heard over the Internet and may be accessed through Vcall's website.

You may submit questions in advance for the Bob Brogan RadioWallStreet interview by e-mailing greg@vcall.com.

Business Editors/High Tech Writers