News In Brief

May 1, 2000

BUT THAT'S MY FINAL OFFER

Ever wanted an item so badly that you'd give anything to have it? Harvey Flexman did. The Stamshaw, England, youth, a hard-core Pokmon fan, heard a rare holographic Vaporeon card advertised on a local radio "swap shop" program. So he called and was offerring everything he had for it - including his baby sister - until his horrified mother intervened. He finally got the card in a trade with someone else.

ALL OTHERS PAY CASH

Is your name - your last name, that is - Ryan? If so, and you can prove it, you're eligible for a free airline flight. And you may bring a friend along at no charge as well. What's the catch? Well, you'll have to travel between Thursday and May 24. The deal covers travel only between two destinations: Shannon, Ireland, and Stanstead, England. It's a special promotion of Dublin-based Ryanair, a low-fare carrier competing for market share with Britain's Virgin Express. Virgin has made a similar offer, but it runs out 10 days sooner.

IPOs: Stock markets' unease over them didn't stop AT&T

Not long ago, initial public offerings - especially for Internet start-ups - were all the rage on Wall Street. But then came the recent stock-market turbulence, and suddenly many companies were putting the brakes on planned IPOs. Not AT&T, however. Last week the long-distance operator announced it was selling 360 million shares of its wireless business for a total of $10.62 billion, making it the biggest IPO by far in US history. In fact, all the blockbuster IPOs in the US have come in just the past 18 months; the previous record was set last November by United Parcel Service. The five biggest IPOs, with the date for each and its value (in billions):

1. AT&T Wireless April 2000 $10.62

2. United Parcel Service November 1999 $5.47

3. Conoco October 1998 $4.40

4. The Goldman Sachs Group May 1999 $3.66

5. Charter Communications November 1999 $3.23

Associated Press

(c) Copyright 2000. The Christian Science Publishing Society