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H.T.E., Inc. (HTEI) Message Board

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  • jm_lin jm_lin Oct 29, 1998 2:09 PM Flag

    Go figure.

    The only thing needed for this stock to go up is HTE give up the planned stock offering. Short of that, no thing will help!!

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    • I thought Jack and Dennis got smart and killed
      that turkey???

      HTE To Terminate Its Stock
      Offering

      October 15, 1998 11:00 AM

      LAKE MARY, Fla., Oct.
      15 /PRNewswire/ -- HTE, Inc. HTEI ("HTEI") and
      certain of its shareholders on September 18,
      1998 had
      filed a registration statement with the SEC offering up
      to 5,137,100 shares of its common stock in
      an
      underwritten public offering. Due to general market conditions
      in the stock market, HTE has decided not to proceed
      with
      the offering as filed with the SEC. HTE will
      terminate its offering of 1,500,002 shares in the
      registration statement and
      not sell any shares in the
      offering. However, the Company intends to amend the
      registration statement to a "shelf
      registration" to permit
      the shareholders offering shares in such shelf
      registration to periodically sell those shares in
      the
      future at share prices they determine acceptable, some
      of which prices may be substantially higher than the
      current
      market prices for HTE's stock. Under registration rights
      agreements with some of those shareholders, the Company
      is
      obligated to file a registration statement for the
      Company's common stock they received in connection with
      certain
      transactions or recent acquisitions.

      HTE, Inc.
      develops, markets, implements and supports fully integrated
      enterprise-wide software applications designed
      specifically
      for public sector organizations and utilities. With
      more than 1,600 customers worldwide, HTE, Inc. is
      an
      industry leading software solutions provider. The
      Company's customers include cities, counties, corrections,
      justice and
      public safety agencies, public and private
      utilities, school districts, transit authorities, and other
      public-sector agencies.

      Except for the historical
      information contained herein, the matters discussed in this
      news release are forward looking
      statements that
      involve risks and uncertainties detailed in HTE's filings
      with the Securities and Exchange
      Commission,
      including risks summarized in HTE's Annual Report on Form
      10-K for its fiscal year ended December 31, 1997 (file
      No.
      0-22657). For more information on HTE's products and
      services, call (407) 304-3235 or toll free at (800)
      727-8088, or
      visit HTE's web site at www.hteinc.com.


      SOURCE HTE, Inc.