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Technology Stocks : Marimba (MRBA)

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To: MangoBoy who wrote (5)	4/30/1999 1:10:00 PM
From: MangoBoy	of 6

[Marimba soars 220 pct shortly after $20/shr IPO] NEW YORK, April 30 (Reuters) - Marimba Inc. rocketed 220 percent, or 44 points to $64 after its $20 per share initial public offering on Friday, demonstrating that initial public offering investors continued to crave Internet-related stocks. The Internet-based software management company is led by two former Sun Microsystems Inc. executives who had worked on Java, including Kim Polese, one of the few female chief executives in Silicon Alley. The company offered 4 million shares and priced above its expected price range of $16 to $18 through lead underwriter Morgan Stanley Dean Witter. "It's not totally a surprise. It is an Internet infrastructure play, which is an area that seems to be gaining focus and is becoming hot," said Steve Tuen, an analyst at IPO Value Monitor. Shortly after 1300 EDT/1700 GMT Marimba shares were up $40 at $60 in active trading.

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