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Enron Mail |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/19/2000
08:21 AM --------------------------- VKaminski@aol.com on 06/16/2000 07:53:31 PM To: vkamins@enron.com cc: Subject: Fwd: EDGAR Online SECrets Newsletter 6/12/00 Return-Path: <newsletter@edgar-online.com< Received: from rly-yc04.mx.aol.com (rly-yc04.mail.aol.com [172.18.149.36]) by air-yc01.mail.aol.com (v74.17) with ESMTP; Fri, 16 Jun 2000 10:30:34 -0400 Received: from edgar4.edgar-online.com ([209.11.14.137]) by rly-yc04.mx.aol.com (v74.17) with ESMTP; Fri, 16 Jun 2000 10:29:38 -0400 Received: from edgar2.edgar-online.com ([209.10.113.102]) by edgar4.edgar-online.com (Post.Office MTA v3.5.3 release 223 ID# 0-0U10L2S100V35) with SMTP id com for <vkaminski@aol.com<; Fri, 16 Jun 2000 10:27:52 -0400 X-Mailer: JgMail Version 1.2.3 Date: Fri, 16 Jun 2000 07:30:46 PDT To: "vkaminski@aol.com" <vkaminski@aol.com< From: EDGAR Online News <newsletter@edgar-online.com< Subject: EDGAR Online SECrets Newsletter 6/12/00 Mime-Version: 1.0 Content-Type: text/plain; charset="us-ascii" Message-ID: <200006161029.WNUa03496@rly-yc04.mx.aol.com< **************************************** You are receiving this newsletter because you are a registered user of EDGAR Online. To unsubscribe, see instructions at the bottom of this email. **************************************** EDGAR Online's SECrets Newsletter Editor: Tim Middleton, EDGAR Online Analyst editor@edgar-online.com SECrets, published every Monday, is written by EDGAR Online Analyst, Tim Middleton. Tim has covered business and financial topics for The Wall Street Journal, The New York Times, Dow Jones News Service and Crain's New York Business. Twice nominated for the Pulitzer Prize in investigative journalism, his weekly business reports can be heard on WCBS Radio and Microsoft MoneyCentral Radio. /----------ADVERTISEMENT-------------------- StockPower provides tools to help you turn your customers Into brand loyal, shareholding customers. Shareholding customers spend more, visit more and refer you more frequently. Find out why more and more companies are tapping into StockPower to create brand loyalty. http://www.doubleclick.net/live/stockpower/default.htm \--------------------------------------------/ ---------------------------------------- ***QUESTION OF THE WEEK*** ---------------------------------------- QUESTION: What are "blue sky" regulations? ANSWER: When a company goes public, it must file a registration statement with the Securities and Exchange Commission, which regulates the federal securities laws. Also, each state has its own set of regulations - known as "blue sky laws." Thus, before a company can sell stock in particular state, the securities must be "blue skied." The origin of the phrase comes from the late 1800s, when a judge compared an IPO to the value of a section of the blue sky. /------ADVERTISEMENT----------------------Purchase Business/Credit Reports from Dun & Bradstreet on over 11 million U.S. businesses. Click on the "Resources" link when you look up SEC filings for any public company, or search by company name and state at http://www.edgar.telebase.com. \-----------------------------------------/ ---------------------------------------- ***ON THE INSIDE*** ---------------------------------------- Ariba Inc. (ARBA) helps manufacturers like DuPont and distributors like FedEx streamline purchasing with procurement software, but corporate insiders have been doing far more selling than buying of their company's stock. A rash of insiders have filed Form 144 in recent days, weeks and months, notably co-founder and Chief Financial Officer Edward Kinsey. On June 6, he filed to sell 90,000 shares valued at $5.0 million, or $55 a share, through Morgan Stanley Dean Witter, lead underwriter of Ariba's IPO one year ago. May 30 he filed to sell 100,000 shares for $7 million, and May 18 the Kinsey Family Foundation filed to sell 14,000 shares for $1.1 million. Marketing vice president David Rome filed to sell 150,000 shares for $10.5 million on May 30. Robert D. Lent, vice president for corporate development, filed May 24 to sell 200,000 shares for $14.3 million. The sales come long after Ariba's price peaked at $183.34 in early March, before the Nasdaq Stock Market plunged amid the fallout over rising interest rates and concern about soaring valuations. Back then insiders, who began to sell immediately after the six-month lock-up on their shares expired, were reaping far more from their sales: Rome, for example, indicated in a February 1 filing he would sell 200,000 shares for $35 million. Business-to-business is regarded as the hottest of the Internet's hot spots, and Ariba as a leader in its niche. The insider sales are tiny in comparison with the company's 235.8 million outstanding shares, but they make a dent in the float -- more than two-thirds of Ariba's stock is owned by insiders and institutions. Recent Ariba filings: Prakoon & Emily I. Chen Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-100980 Craig Federighi Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-103530 Stuart R. Gold Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102270 Alan Hibdon Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-99835 Velvet Higley Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102724 Joshy Joseph Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-100489 Edward Kinsey Forms 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-103531 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102418 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-99834 Robert D. Lent Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-100981 Ramae Ogilvie Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102725 Chester B. Petrow Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102420 David Rome Form 144 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-102419 http://www.edgar-online.com/auth/doctrans/default.asp?doc=B-80023 Form 8-K/A, March 8, 2000 http://www.edgar-online.com/auth/edgardoc/DocFrame.pl?doc=A-1084755-0000912057 -00-025127&fmt=text&nad=&x=37&y=17 Form 10-Q, May 15, 2000 http://www.edgar-online.com/auth/edgardoc/DocFrame.pl?doc=A-1084755-0000912057 -00-024553&fmt=text&nad=&x=38&y=16 NOTE: SEC regulations require corporate insiders -- defined as officers, directors and persons or entities that own 10% or more of any class of a company's shares -- to disclose sales on Form 144. ******************************** ---------------------------------------- *** IPOs ON DECK FROM IPO EXPRESS*** ---------------------------------------- Note: Before a company can go public (that is, sell shares on an exchange), it must file an S-1 form with the SEC. The S-1 document, easily accessible via EDGAR Online, is extensive and includes such information as: risk factors, financials, strategy, industry trends, management bios, investors and more. Accord Networks Ltd. of Petach-Tikva, Israel (ACCD) http://www.edgar-online.com/ipoexpressn/company.asp?company=4771 EDGAR INSIGHT: Accord Networks of Israel filed for an IPO on June 8. Accord makes and distributes the MGC-100 networking system enabling real-time interactive visual communications. The system is deployed by providers and customers including Microsoft, Deutsche Telekom and the University of Notre Dame. Victory Entertainment of Orlando, FL (VICT) http://www.edgar-online.com/ipoexpressn/company.asp?company=4770 EDGAR INSIGHT: Victory Entertainment, which filed for an IPO on June 7, specializes in television and internet programming and corresponding merchandise. Among its planned projects is NEXTBIGSTAR.com, an online talent search program hosted by Ed McMahon, and several dramatic and animated series. Inrange Technologies Corp. of Mt. Laurel, NJ (INRG) http://www.edgar-online.com/ipoexpress/company.asp?ccompany=4763 EDGAR INSIGHT: Inrange Technologies creates networking and switching solutions for storage, data and telecommunications networks. The company, which filed for an IPO on June 5, has installed its product at sites in more than 90 countries, and customers include American Express, Bell Atlantic, Cisco Systems and Delta Airlines. WJ Communications Inc. of Palo Alto, CA (WJCI) http://www.edgar-online.com/ipoexpresssn/company.asp?company=4760 EDGAR INSIGHT: WJ Communications Inc. filed for an IPO on June 2. The company creates innovative broadband communications products and has over 40 years of experience in developing radio frequency products. WJCI was founded in 1957 as the Watkins-Johnson company, which dealt in defense and space communications systems. First Shares Bancorp Inc. of Greenwood, IN (FRSH) http://www.edgar-online.com/ipoexpressn/company.asp?company=4327 EDGAR INSIGHT: First Shares Bancorp Inc. announced June 6 that it is priced for trading at $8.50 per share for up to 750,000 shares and trading will commence the week of June 19. The company owns all common shares of the First Bank of Indiana. Charles River Laboratories Corp. of Wilmington, MA (CRL) http://www.edgar-online.com/ipoexpressn/company.asp?company=4611 EDGAR INSIGHT: Charles River Laboratories filed a June 6 pricing of $15-$17 per share for 12.5 million shares. The company, which provides research tools and support services, plans to use IPO proceeds to pay off debt. Cooperative Holdings Inc. of Belleville, NJ (CCII) http://www.edgar-online.com/ipoexpressn/company.asp?company=4538 EDGAR INSIGHT: Cooperative Holdings was priced on June 5 at $9-$11 a share for 6 million shares. The company provides telecommunications services and DSL to New Jersey and looks to expand to the Mid-Atlantic market. It currently has more than 7,500 small business customers. /----------ADVERTISEMENT--------------------Subscribe to IPO Express and you can receive company reports, Daily wrap-ups and Weekly summaries of the IPO market sent direct to your desktop. Go to http://www.ipo-express.com.com for more information. \-------------------------------------------/ --------------------------------------- **RECENT IPOs FROM IPO EXPRESS** ---------------------------------------- UbiquiTel Inc. of Bala Cynwyd, PA (UPCS) http://www.edgar-online.com/ipoexpressn/company.asp?company=4382 EDGAR INSIGHT: UbiquiTel, which began trading on June 7, is the exclusive provider of Sprint PCS services to approximately 7.7 million people in small western and Midwestern U.S. markets. It was priced June 7, 2000, at $8 per share for 12.5 million shares. The company had originally planned to release 14.5 million shares. Founders Food & Firkins Ltd. of St. Louis Park, MN (GCFB) http://www.edgar-online.com/ipoexpressn/company.asp?company=4084 EDGAR INSIGHT: Founders Food & Firkins Ltd. began trading June 7 at $4.13 per share for one million shares. The company operates the Granite City Food & Brewery Restaurant in St. Cloud, Minnesota, and hopes to use IPO funds to fund two additional restaurants in North and South Dakota. Exult Inc. of Irvine, CA (EXLT) http://www.edgar-online.com/ipoexpressn/company.asp?company=4340 EDGAR INSIGHT: Exult Inc. began trading on June 2, at $10 per share for 6 million shares. The company's eHR service is designed to manage the human resource departments for Global 500 companies. The company, which was originally called BPO-US, plans to use the IPO proceeds to fund corporate expenses and as working capital. To view all recent IPO filings: http://www.edgar-online.com/ipoexpress/recent.htm To access over 2,500 IPO Filings and Information on over 1,500 Underwriters, click over to EDGAR Online's IPOExpress: http://www.edgar-online.com/ipoexpress ---------------------------------------- }**COMPANIES MENTIONED IN THIS ISSUE*** Accord Networks Ltd American Airlines Ariba Inc Bell Atlantic Charles River Laboratories Corp Cisco Systems Cooperative Holdings Inc Delta Airlines Deutsche Telekom DuPont Exult Inc FedEx First Banc of Indiana First Shares Bancorp Inc Founders Food & Firkins Ltd Inrange Technology Corp Microsoft Morgan Stanley Dean Witter UbiquiTel Inc University of Notre Dame Victory Entertainment WJ Communications Inc ---------------------------------------- **PEOPLE MENTIONED IN THIS ISSUE*** ---------------------------------------- Prakoon & Emily I. Chen Craig Federighi Stuart R. Gold Alan Hibdon Velvet Higley Joshy Joseph Edward Kinsey Kinsey Family Foundation Robert D. Lent Ed McMahon David Rome ---------------------------------------- Copyright 2000, EDGAR Online http://www.edgar-online.com ----------------------------------------- DISCLAIMER: The EDGAR Online report contains observations of its editor Tim Middleton, a consultant of EDGAR Online and is for informational purposes only. These statements and expressions are the sole opinions of Mr. Middleton and EDGAR Online does not endorse nor necessarily agree on such statements and expressions. Factual statements in this report are made as of the date stated and are subject to change without notice. Nothing contained herein shall be deemed to be recommendations to buy, hold or sell securities nor shall it purport to be a complete analysis of the companies mentioned. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, neither Mr. Middleton nor EDGAR Online have independently verified the facts, assumptions and/or estimates that may be contained in this Report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. **************************************** To unsubscribe from the SECrets Newsletter, go to http://www.edgar-online.com/auth/updateinfo.asp and deselect the free newsletter option. If you need your user name or password, go to http://www.edgar-online.com/username.asp. For help, contact support@edgar-online.com. ****************************************
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