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Technology Stocks : Lucent Technologies (LU)

LU 2.415

+1.9%

Nov 21 9:30 AM EST

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To: The Phoenix who wrote (10074)	10/16/1999 10:30:00 AM
From: Old Stock Collector	Read Replies (1) of 21876

LU mentioned in news with QUIK Shares of semiconductor maker QuickLogic Corp. (NasdaqSC:QUIK - news) took the No. 3 top percentage gainer spot on Nasdaq. It closed up 5-1/8, or 51 percent, at 15-1/8 after its $10 a share IPO. The Sunnyvale, Calif.-based firm raised $66.7 million after offering 6.667 million shares. QuickLogic, whose competitors includes Lucent Technologies Inc. (NYSE:LU - news), Xilink and Altera Corp. (NasdaqNM:ALTR - news), posted $18.4 million in revenue for the six months ended June 30 and net income of $987,000. ``Today would have been a perfect excuse to completely rip these IPOs apart,' said David Menlow, president of the IPO Financial Network. But that did not happen. He added that QuickLogic's resilience amid the general selling pressure illustrates the recent strength of the market for initial public offerings.

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