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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (4160)7/14/1999 11:32:00 AM
From: MikeM54321  Read Replies (1) of 12823
 
Re: Paradyne as a DSL Play

Thread,
Looks like it's going to be another hot IPO in the DSL sector.

In the FWIW category, remember Globespan? Well it was part of Paradyne that Lucent did not sell to the Texas group(this group bought Paradyne)....Gee I can't even figure out how to word the relationships between Lucent/Globespan/Paradyne. But there are some.
MikeM(From Florida)

PS lml, the article you posted about DSL technology (remember it was hot on ALA) from the Street.com mentioned Paradyne.
_______________________

Paradyne IPO expected price raised-underwriter

NEW YORK, July 14 (Reuters) - The expected price range for the initial public offering of Paradyne Networks Inc. (Nasdaq:PDYN - news), which develops broadband and narrowbrand digital and analog products, was raised to $14 to $16 from $12 to $14 in a sign of strong demand, lead underwriter Donaldson Lufkin & Jenrette said Wednesday.

The Largo, Fla.-based company plans to offer 6.0 million shares in its IPO slated to price later this week. The company changed its name in June from Paradyne Corp. to Paradyne Networks.

Companies providing high-speed DSL, or digital service line, products are seen as hot by investors as broadband needs increase.

In the quarter ended March 31, 1999, the company had a net profit of $0.09 per diluted share -- something not often seen in recent IPOs.

One of its main customers is Lucent Technologies Inc. (NYSE:LU - news), which accounted for about 35 percent of its total revenue. In its prospectus, Paradyne said its ability to sustain or grow its business could be harmed if it lost sales of products to Lucent.
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