Netscape Stock Warning!
Question: Noticing the considerable traffic here on the great initial public offering by Netscape (NASDAQ:NSCP), there is a warning over and above any technical or fundamental analysis which you can argue about:
The common stock offering in the U.S. is 3,000,000 shares, and international stock offering will be another 500,000 shares.
…but TOTAL common stock to be outstanding after the offering will be 36,661,444 shares! The U.S. public offering makes up less than 10% of the total shares outstanding! (Most shares will be owned by the employees, venture capitalists and constituents of this company).
Do NOT value the market value of this company based on the shares being offered.
Answer: There are some rather significant chunks on the table in the hands of Clark, Barksdale, and Doerr. I was surprised to find out that Marc-A, while holding a sweet pile, is not one of the bigger holders.
Somehow I doubt these guys will sell unless they have to. Like Marc might want to buy a car or pay off his student loans early or something I am considering purchasing stock in an electric utility for a long term investment. I want it to balance my other investments which are mainly in growth stocks. I have just begun the research process. I would appreciate it if any one with information about Wisconsin Energy (WEC) and their DRIP account could please post. Thank You.
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