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Technology Stocks
Network Commerce Inc (NWKC)(was shopnow)
An SI Board Since June 1999
Posts SubjectMarks Bans Symbol
127 5 0 NWKC
Emcee:  Mohan Marette Type:  Unmoderated
Introduction Market Data Compact
ShopNow.com files for $86 million IPO
shopnow.com

WASHINGTON, June 18 (Reuters) - Internet shopping service ShopNow.com Inc. (Nasdaq:SPNW - news) said Friday it planned to sell about $86 million worth of common stock in an initial public offering.

The company, in a filing with the Securities and Exchange Commission, did not disclose how many shares would be offered and did not provide an estimated price on the stock. But it said it had applied to list the shares on Nasdaq under the symbol SPNW.

The IPO underwriters are Dain Rauscher, U.S. Bancorp Piper Jaffray, Soundview Technology Group and Wit Capital.

ShopNow.com, based in Seattle, described itself as one of the Internet's fastest growing shopping destinations, with more than one million products and services from more than 29,000 merchants.

Merchants using the company's online marketplace include software company Corel Corp. (Toronto:COS.TO - news), coffee company Starbucks Corp. (Nasdaq:SBUX - news) and long distance provider Qwest Communications International Inc. (Nasdaq:QWST - news).

The company, formerly known as TechWave Inc., also has strategic relationships with Qwest, online advertising and direct marketing network company 24/7 Media Inc. (Nasdaq:TFSM - news), and HNC Software Inc. (Nasdaq:HNCS - news).

The company will use net proceeds from the IPO for working capital and general corporate purposes, potential acquisitions and debt repayment.

ShopNow.com posted net losses of $24.7 million for 1998 and $8.3 million for the quarter ended March 31.

Revenues for 1998 were $7.2 million, up from $604,000 for 1997.

Major shareholders in ShopNow.com include 24/7 Media, with 22.6 percent, or 5,160,000 shares, and directors Bret Maxwell and Mark Terbeek, who each hold 12.8 percent, or 2,924,628 shares, the filing said.
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12718:17 EDT Friday --Network Commerce can't explain trading surge seattle.bceKLP-5/5/2001
126Looks like they are making themselves "sellable"....playavermont-12/8/2000
125We all know stocks can go to ZERO....and this is a penny stock BUT....... This playavermont-11/22/2000
124This is a take over candidate if I ever saw one... $175 Million Market Cap...wiplayavermont-11/7/2000
123Smart Move! KLP Nextel Communications Joins Forces With Network Commerce to ExpKLP-9/13/2000
122Good article....NWKC: Nice Numbers, Nice Prospects...by Tom Calandra.... KLP ThKLP-8/1/2000
121 Network Commerce Signs $8 Million in Licensing Deals for Online Customer AcquisGabe Heti-6/27/2000
120 the charts are looking like this thing wants to revisit the 4-5 level again. WoPaul K-6/16/2000
119 (from Yahooers...) BAD TIMES ARE ALMOST OVER by: shikhali (43/M/Cypress, CA) 6Paul K-6/15/2000
118 MyComputer.com Announces Alliance with Network Commerce Inc. Professional site Paul K-6/14/2000
117 NWKC listed: "Preliminary Russell 3000© Index additions" June 9Paul K-6/14/2000
116 re priceline.com deal by: shikhali (43/M/Cypress, CA) 6/13/00 12:13 pm Msg: 7Paul K-6/14/2000
115 THE SIGNIFICANE OF THE GOTO DEAL by: shikhali (43/M/Cypress, CA) 6/12/00 9:44 Paul K-6/14/2000
114 about the awe deal by: laura_mcbride23 6/6/00 3:05 am Msg: 7406 of 7566 c. miPaul K-6/14/2000
113 Insight by: lokiman72 5/19/00 12:05 am Msg: 6788 of 7566 Walker gave all of Paul K-6/14/2000
112 RE: Profitability by: silver_surfer_88 (M/the megaverse) 5/18/00 8:36 pm Msg: Paul K-6/14/2000
111 A few more KNWC posts from yahoo re: Shareholders Mtg... golf - re: growth by:Paul K-6/14/2000
110 SPNW: a brief history Part 1. by: silver_surfer_88 (M/the megaverse) 5/20/00 5Paul K-6/14/2000
109 I grabbed a few pertinent posts from Yahoo.... let's look at fundamentals Paul K-6/14/2000
108 I grabbed a few pertinent posts from Yahoo.... let's look at fundamentals Paul K-6/14/2000
107 PlanetofMusic.com Vaults to a Leading Music and Entertainment Site in Nine WeekPaul K-6/13/2000
106 Network Commerce Inc. and AT&T Wireless Services Sign Mobile Commerce AgreePaul K-6/13/2000
105 Network Commerce Announces Completion of Ubarter.com Acquisition Company ExtendPaul K-6/13/2000
104 Network Commerce Announces New Java-Based Cross-Platform Payment Processing SysPaul K-6/13/2000
103 Network Commerce Announces Strategy to Wireless-Enable Thousands of Businesses Paul K-6/13/2000
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