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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: tekboy who wrote (638)11/13/1999 9:09:00 AM
From: Jill   of 1817
 
Got curious about briefing.com so went over there. Here's an interesting IPO maybe next week:

IPO Preview : Think Inktomi... Sunnyvale, CA-based CacheFlow Inc (CFLO) designs appliances that accelerate and manage the flow of information over the Internet; better known as Internet caching systems. Caching speeds up Web response time and reduces chances of systems overload by storing information closer to the user, eliminating the need to retrieve this data from its source each time it is requested.... According to data from research firm GartnerGroup, the market for Internet caching appliances will grow almost 1000% over the next several years, swelling from $92 mln in 1999 to $1 bln in 2003. Over the past 12 months alone, Inktomi (INKT) has expanded its revenues by almost 250% to approx. $71 mln.... As for CacheFlow, company had approximately 100 customers as of Aug. 31, including Internet service providers Road Runner and germany.net. For the qtr ended Oct. 31, CFLO logged revenues of $4.8 mln, up 34% sequentially and 345% year/year. Sales to Road Runner accounted for 17% of the total. The company posted a $17.6 mln operating loss for the quarter, which included a $12.3 million stock compensation charge.. Besides Inktomi, potential secondary plays include Network Appliance (NTAP) and Novell (NOVL)... The 5 million share deal is tentatively scheduled to go out a week from today, with CS First Boston serving as lead. Estimated pricing range is $11 to $13. - DS

Mentions NTAP as a secondary play--I know Downsouth is a fan of NTAP.
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