Last week, MessageMedia announced
Pequot Private Equity Funds' investment of $10 million
portfolio includes more than 60 customers from the
financial services, publishing, direct marketing, retailing
and electronic commerce industries. Clients include
E-TRADE, USA Today, GeoCities, Intuit, CMP Media, Barclays
Bank and Bertelsmann. MessageMedia is a member of the
SOFTBANK family of companies.
(NASDAQ: MESG, formerly NASDAQ: MAIL) is the leading
provider of email-based customer relationship management
and direct marketing services. The Company offers a
comprehensive suite of outsource messaging services for
information delivery, permission-based direct marketing and
ongoing customer communications using industry standard
... today on a larger scale are often done
through secondary offerings, in part to "stabilize" the
price. So this is not so unusual.
However, as you
may well know through my other postings - I still
think this is a (phenomenal) bubble. I agree with your
caution and skepticism.
in the secondary offering? Don't you think its
kind of odd that the EBAY insiders have to use a
secondary offering to peddle their 2 million shares? Why
don't they just sell their shares in the open market? I
think something smells rotten in Denmark.