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Stock Plan Pushes FutureLink Shares Down

Bloomberg News

FutureLink Corp.'s stock fell $1.50, or 17%, to $7.31 a share Thursday in Nasdaq trading after the Irvine Internet services company said it is offering 6 million additional shares of stock at $7 each.

The company said it intends to use the proceeds to pay off debt related acquisitions, to fund its operations and to meet working capital needs.


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