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Jeez! What's all this racket in here. I normally come to the Fool-ECLP board to get some sleep (for abuse and foul language I go to Yahoo!<g>).

As for the secondary offering, I can pass along what Jim and Harvey are saying to the troops:
1. The extra cash improves the balance sheet and gives ECLP better positioning in some competivie situations. Apparently, there were deals lost in '00 due to perceived low financial strength.
2. They're out looking for fire sales on small tech companies that aren't going to make it now that the VC "monsoon season" has ended.

'Sounds like a plausible explanation - but I guess we'll have to wait and watch the story unfold.

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