| Notefile: [email protected]
Note: 450.0
Author: vaxcpu.zko.dec.com::michaud "Jeff Michaud - ObjectBroker"
Topic: AltaVista Internet Software, Inc (DEC subsidiary)
Date: 28-AUG-1996 10:46
Lines: 33
Replies: 21
Someone posted the following in the Internet_Tools conference. I believe
the date is a typo and should be 27 as I just saw a simliar article in
my local morning paper.
My question is, since this doesn't appear to be a spin-off (so DEC stock
holders on the date of the spin-off won't automatically get x number of
shares corresponding the the amount of DEC owned), will Digital employees
be allowed to buy into the IPO by virtue of being a Digital employee
(vs. the next to nil chance of trying to buy-in to most IPOs at the
offering price)?
August 17, 1996, 4:23 PM EDT PR Newswire
Digital Equipment Corporation (DEC) announced today that its
newly-organized subsidiary, AltaVista Internet Software, Inc., has
filed with the Securities and Exchange Commission a registration
statement for an initial public offering by it of shares of its common
stock. Lehman Brothers Inc., Cowen & Company, and J.P. Morgan & Co.
will manage the offering. AltaVista Internet Software, Inc. offers a
portfolio of software products and services designed for the emerging
Internet/intranet market and also offers the AltaVista Internet Search
Service on the World Wide Web. Copies of the prospectus for the
offering, when available, may be obtained from Leman Brothers Inc.,
Prospectus Department, 536 Broadhollow Road, Melvilla, New York, 11747;
telephone 516-254-7106. Digital Equipment Corporation is a world leader
in open client/server solutions from personal computing to integrated
worldwide systems. Digital's Alpha and Intel platforms, storage,
networking, software and services, together with industry-focused
solutions from business partners, help organizations compete and win in
today's global marketplace.
(C) PR Newswire. All rights reserved.
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