Retek [RETK], spinoff from [HNCS], EDI Software Makers

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Technology Stocks
Retek [RETK], spinoff from [HNCS], EDI Software Makers

An SI Board Since November 1999

Posts	SubjectMarks	Bans
59	6	0

Emcee: AJ Berger	Type: Unmoderated

Introduction Compact

WASHINGTON, Oct 20 (Reuters) - Retek Inc., which makes
software used by retailers to communicate online with suppliers
and distributors, Wednesday set its initial public offering at five
million common shares to be priced between $10 and $12 a
share.

Minneapolis-based Retek, a unit of HNC Software Inc. (NasdaqNM:HNCS - news), plans to use
the IPO's proceeds for working capital and general corporate purposes, including debt repayment to
HNC.

Retek, whose clients include Rite Aid Corp. (NYSE:RAD - news) and Starbucks Corp.
(NasdaqNM:SBUX - news), plans to trade shares on Nasdaq under the symbol RETK.

Underwriters Credit Suisse First Boston, Robertson Stephens and U.S. Bancorp Piper Jaffray have
an overallotment option for another 750,000 shares, said Retek, which disclosed terms of the IPO in
a Securities and Exchange Commission filing.

When the IPO is completed, HNC will own about 88.9 percent of the 45 million outstanding Retek
common shares.

HNC plans to distribute as a dividend to its stockholders all of the Retek shares it will own after the
IPO, subject to certain conditions.

San Diego-based HNC, which makes software that helps companies manage customer relations,
announced last month that it was spinning off the unit.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
59	HNC Software Completes Separation Of RETK...added to S&P 400 as of 9/29	2MAR$	-	10/2/2000
58	I wouldn't worry too much about it. The spinnoff will be tax free. If you	Bill Hardison	-	3/14/2000
57	Bill, This from the HNCS site. The distribution may never take place. Has a dis	bullztrader	-	3/14/2000
56	Check the institutional ownership on HNCS. I believe its early May that the 88%	Bill Hardison	-	3/3/2000
55	New institutional numbers as of the 29th P.M. - 9.3% ownership, 61 institutions	bullztrader	-	2/29/2000
54	New institutional numbers as of the 29th: 8.8% ownership, 53 institutions ownin	bullztrader	-	2/29/2000
53	Retek Shareholders........ The lack of PR is holding this stock back. Call or	bullztrader	-	2/29/2000
52	Thanks for posting that ownership info. Where did you get it? TIA	JOED3	-	2/19/2000
51	New institutional ownership numbers for RETK! As of the 18th of Feb.: 4.3%/ 1,9	bullztrader	-	2/19/2000
50	Leading UK Retailer Joins Retek's Business-to-Business Network, retail.com	Box-By-The-Riviera™	-	2/14/2000
49	Honestly, that's all I've been doing. I would not be surprised if this	Mr_Mojo_Risin	-	2/12/2000
48	This stock is trading like a POS recently. The volatility makes for good swing	JOED3	-	2/11/2000
47	Dumped my shares at 57 1/2 -- will look to get back in at 53-54. mojo!	Mr_Mojo_Risin	-	2/11/2000
46	Yeah, Joe, I hear you. I bought some more at 57, hoping for a quick run to 60,	Mr_Mojo_Risin	-	2/10/2000
45	I guess I misunderstood you. I thought you were saying short interest was equal	JOED3	-	2/10/2000
44	You have the right numbers. However, while there are 45MM outstanding -- the fl	Mr_Mojo_Risin	-	2/10/2000
43	Where do you get your up to date short interest figures? From what I show, ther	JOED3	-	2/10/2000
42	Thanks mojo. J	Box-By-The-Riviera™	-	2/9/2000
41	You're right, Joel. But add to the fact that the stock has found a home in	Mr_Mojo_Risin	-	2/9/2000
40	the cap is large, no question.....the question is do they have something worth	Box-By-The-Riviera™	-	2/9/2000
39	But 49% is a big nut. And you can argue that RETK, with a market cap of nearly	Mr_Mojo_Risin	-	2/9/2000
38	not if they have to cover! just a thought.	Box-By-The-Riviera™	-	2/9/2000
37	Joe- I was long RETK, but sold all my shares for a 5-7 pt profit. I love the co	Mr_Mojo_Risin	-	2/9/2000
36	I believe that is pure conjecture about Wal Mart. I doubt that will happen. Wal	JOED3	-	2/8/2000
35	Where did you hear that WalMart is signing up with RETK?	Mr_Mojo_Risin	-	2/6/2000

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