Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (60440)	6/4/1999 9:49:00 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Glenn, here's a stock that will stand up and be counted.You might want to buy some. If Msft, and Cisco like it you should too. Got a 500 shares yesterday @13, I'm hoping that this will go higher than Amzn.com. >>DENVER--(BUSINESS WIRE)--June 3, 1999--High Speed Access Corp. (Nasdaq: HSAC), a leading provider of high-speed Internet access via cable modem to residential and commercial end-users in exurban markets, announced today an initial public offering of 13,000,000 shares of its common stock at a price of $13 per share, which will result in gross proceeds of $169 million. In addition, the underwriters have the option to purchase up to an additional 1,950,000 shares to cover over-allotments. Lehman Brothers was book running lead manager and J.P. Morgan, Inc. was joint lead manager for the offering, with Banc of America Securities LLC and CIBC World Markets as co-managers. In addition to the 13,000,000 shares of common stock in this offering, Microsoft Corporation (Nasdaq:MSFT) has agreed to purchase $10 million of common stock; Cisco Systems, Inc (Nasdaq:CSCO) has agreed to purchase $7.5 million of common stock; and Com21, Inc (Nasdaq:CMTO) has agreed to purchase $1 million of common stock at the offering price net of the underwriter's discount in a concurrent offering. All of the shares in the offering are being sold by High Speed Access Corp. The net proceeds from the offering will be used to fund capital expenditures to be incurred in the deployment of the Company's services in new and existing cable systems, to fund operating losses, and for working capital and other general corporate purposes. The Company may also use a portion of the proceeds for acquisitions or other investments. The offering of common stock is being made only by prospectus. This release does not constitute an offer to sell or the solicitation or offer to buy any of such securities. Copies of the final prospectus relating to the offering may be obtained from: Lehman Brothers, 536 Broadhollow Rd., Melville, NY, 11747; J.P. Morgan & Co. Incorporated, 60 Wall Street, 2nd Floor, New York, NY, 10260-0060; Banc of America Securities LLC, 9 West 57th St., 48th Floor, New York, NY 10019, and CIBC World Markets, 200 Liberty Street, 8th Floor, New York, NY 10281. About High Speed Access Corp. High Speed Access Corp. is a leading provider of high speed Internet access via cable modem to residential and commercial end users in exurban areas. The Company believes that it provides the most comprehensive turnkey solution available to the cable operator in exurban markets. Its service enables subscribers to receive Internet access at speeds substantially faster than traditional Internet access at minimal cost to the cable operator. High Speed Access Corp. enters into long term exclusive contracts with cable operators to provide them with the Company's services. The Company pays its cable partners a portion of the monthly fees it receives from the end users in exchange for the opportunity to access and provide service to the cable partner's subscribers. CONTACT: INVESTOR: High Speed Access Corporation George E. Willett, 502/515-3371 gwillett@hsacorp.net