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Bluestone Software Inc-(BLSW)

An SI Board Since July 1999

Posts	SubjectMarks	Bans	Symbol
67	4	0	BLSW

Emcee: Mohan Marette	Type: Unmoderated

Introduction Market Data Compact

Bluestone Files to Raise $46 Million in Initial Stock Sale

By Judy Mathewson

Washington, July 2 (Bloomberg) -- Bluestone Software Inc. filed to raise as much as $46 million in an initial stock sale.

The Mount Laurel, New Jersey-based company bills itself as a leading provider of software that lets businesses make better use of the World Wide Web.

''We provide a comprehensive framework that enables businesses to deploy information across the Internet, intranets and extranets to employees, customers, suppliers and partners,"the company said in its IPO filing with the Securities and Exchange Commission. ''Our goal is to maintain and extend our position as leading provider of Web application server technology, enterprise application integration and Internet commerce solutions."

The company said its customers include AT&T Corp.; Deutsche Bank AG; Dreyfus Corp.; Eli Lilly & Co.; Hewlett-Packard Co. and the Houghton Mifflin Co.

Its backers include Patricof & Co. Ventures Inc. and Fostin Capital Partners, which each hold a 40 percent stake in the company before the IPO. General Electric Capital Corp. holds a 21 percent stake in the company before the IPO.

P. Kevin Kilroy, 45, president and chief executive, was previously senior vice president for worldwide distribution for Seer Technologies Inc., a software company that is now owned by Level 8 Systems Inc. Kilroy succeeded Bluestone founder Mel Baiada, who continues as chairman and holds a 21.4 percent stake in the company before the IPO.

The company warned that it has incurred significant net losses since 1996, including a loss of $3.8 million in 1997 and $11.6 million in 1998. As of March 31, the company said it had an accumulated deficit of approximately $21 million.

Bluestone reported revenue of $8.1 million for 1998, a 16 percent decrease from $9.7 million the year before.

The company didn't say the number or price of its common shares in the IPO. The $46 million estimated top value for the offering was provided only as a basis for calculating the SEC filing fee.

Bluestone hired Deutsche Banc Alex Brown to underwrite the stock sale with Soundview Technology Group; C.E. Unterberg, Town; and Legg Mason Wood Walker Inc. Bluestone plans to have the shares listed for trading on the Nasdaq Stock Market under the symbol BLSW, its filing said. (Courtsey:Bloomberg)
bluestone.com

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Reply	Message Preview	From	Recs	Posted
67	I blew out of BLSW yesterday in the first hour of trading, mainly because if I w	JLIHAI	-	10/26/2000
66	I heard that exchange also, it's easy to take cheap shots when you have no o	BostonView	-	10/25/2000
65	BV, The talked about BLSW this a.m. on CNBC. On analyst said no body wanted the	ms.smartest.person	-	10/25/2000
64	Thanks for the input, Merry. You never know what went on behind the scenes nor w	BostonView	-	10/25/2000
63	BV, >><i>I can't imagine the majority of BLSW shareholders are	ms.smartest.person	-	10/24/2000
62	Actually, at today's closing prices it's a take-under! Didn't BLSW	BostonView	-	10/24/2000
61	The premium is puny. But at least the last week or so of stock price movement i	JLIHAI	-	10/24/2000
60	HP buys Bluestone! Looks like nearly a quarter HWP share for each BLSW. Puny pre	BostonView	-	10/24/2000
59	Seems BLSW is trying to mount an earnings run. (Revenues run). Still too early	JLIHAI	-	10/23/2000
58	Took four points today (Friday). Thanks BLSW. Have a good one all. Probart	Probart	-	9/2/2000
57	Good day BLSW investors. Been watching this for a long time now and finally too	Probart	-	8/30/2000
56	Princeton, New Jersey, July 26 (Bloomberg Data) -- Bluestone Software (BLSW US)	BostonView	-	7/26/2000
55	Ahmad, Probably a run into earnings (July 25, I believe) which could take BLSW	BostonView	-	7/18/2000
54	BostonView, What are your thoughts on the stock price and volume over the past	Ahmad Sinno	-	7/18/2000
53	Bluestone Software acquires Arjuna Solutions JUL 18, 2000, M2 Communications -	BostonView	-	7/18/2000
52	I'd like to invite discussion of this and other e-Commerce stocks on a new t	HerbVic	-	7/10/2000
51	Hi Steve -- You may be correct, but that type of deal is fading. I did not re	ms.smartest.person	-	6/14/2000
50	Because it is closely held (64% held by insiders) and I don't think a buyou	Steve	-	6/14/2000
49	My thoughts exactly. BV	BostonView	-	6/14/2000
48	With BLSW stock down so much and their pile of cash, why wouldn't BLSW be a	ms.smartest.person	-	6/14/2000
47	Continuation and correction from post 46: Since acquisitions could be made w	Steve	-	6/13/2000
46	I'm tracking cash because they have a lot of it relative to their internal	Steve	-	6/13/2000
45	Interested enough to have built a nice position last month since I believe the	BostonView	-	6/13/2000
44	I am still interested in this stock -- bought it on the way down at $35. Unfor	ms.smartest.person	-	6/10/2000
43	Anyone out there still interested in this stock? Looks like we're short ru	Steve	-	6/10/2000

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