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Ask wants some cash.......

The season of offerings is amongst us...

     

JasonD

12:35 pm on Jun 8, 2004 (gmt 0)

10+ Year Member



[prnewswire.com...]

EMERYVILLE, Calif., June 8 /PRNewswire-FirstCall/ -- Ask Jeeves, Inc.
(Nasdaq: ASKJ) today announced that it has filed a universal shelf
registration statement on Form S-3 with the Securities and Exchange Commission
("SEC"). After the registration statement is declared effective by the SEC,
the Company will be able to offer and sell up to $400 million of its common
stock, preferred stock, depositary shares, debt securities and warrants from
time to time in one or more public offerings. The terms of any such future
offerings would be established at the time of such offering.
A registration statement relating to these securities has been filed with
the SEC but has not yet become effective. These securities may not be sold nor
may offers to buy be accepted prior to the time the registration statement
becomes effective. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of these
securities in any state in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state.

jcoronella

6:33 pm on Jun 8, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



No doubt looking to cash in on the rise of the upcoming Google IPO. Smart to do if they need it or not.

Warren

9:05 am on Jun 9, 2004 (gmt 0)

10+ Year Member



They had a whole heap of money in the bank which is what they went shopping for Interactive group with.

So I wonder if they are putting some money away for further aquistions?

258cib

11:23 am on Jun 11, 2004 (gmt 0)

10+ Year Member



No doubt looking to cash in on the rise of the upcoming Google IPO. Smart to do if they need it or not.

That makes sense if people only read the headlines of the news. (So, you might be right.) AJ is not G. AJ depends on G for much of their $ from G.

AJ has a very good search product. I think it is the best search engine going. (Try it for a week and see.) But, the firm's business plan is a mess.

Ask Jeeves is a classic "great technology, no business application" case study.

 

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