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To: GST who wrote (59501)6/1/1999 9:45:00 AM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
>>They will thank you for it and you can spend the rest of their inheritence and not feel guilty. <<
Gst, when my Dad died:-(( he only had $30k. Knowing that I was not going to be a trust-fund baby was good for me. I've told my 2 girls to expect the same. That's why they both went to college, and that makes me feel not guilty:-))



To: GST who wrote (59501)6/2/1999 6:00:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
DVD EXPRESS <DVDS.O> sets IPO at 4.5 mln common
WASHINGTON, June 1 (Reuters) - DVD EXPRESS Inc., a
Web-based retailer of movies and videos in digital versatile
disc format, said on Tuesday it will sell up to 4.5 million
common shares in the first public sale of its common stock.
In an amended initial public offering filed with the
Securities and Exchange Commission, the Los Angeles,
Calif.,-based company estimated the initial stock price will be
between $10 and $12 per share.
Previously, the company did not disclose the amount of
stock to be offered nor the estimated initial selling price.
The company has applied to trade on Nasdaq under the stock
symbol <DVDS.O>.
In connection with the offering, the underwriters have
reserved up to 337,500 shares to be sold by DVD EXPRESS for
sale to directors, officers, employees and friends.
The offering will be made through ING Baring Furman Selz
LLC, Friedman Billings Ramsey and Needham & Co Inc.
After the offering, outstanding common will total
22,206,427 shares.
Net proceeds will be used for expanding market activities,
marketing payments to America Online Inc. <AOL.N>, fund
international expansion, repay credit lines, expand
infrastructure and for other general corporate purposes.