Steven M. Samblis answers IPO questions direct Message Board

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Technology Stocks : Steven M. Samblis answers IPO questions direct

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To: Steven M. Samblis who wrote ()	1/2/2000 3:04:00 AM
From: Bobbie Boucher	Read Replies (2) of 127

IN THE NEWS Netscape Communications seen as hot initial public offering 08/08/1995 Atlanta Constitution Page F/6 (Copyright 1995 The Atlanta Journal-Constitution) New York - The initial public offering of Netscape Communications, viewed by many as the next Boston Chicken, is already moving up in price. Morgan Stanley has increased the size of the offering to 5 million shares from 3.5 million and the anticipated price range from $21 to $24 from $12 to $14. The price is scheduled to be set this week, possibly today. "It's still going to be a monster. This stock has a Disney feel to it as far as quality," said Steven Samblis , an analyst at Empire Financial Group in Longwood, Fla. "It's just going to be a wider army running across the plain - it will run just as hard and won't be diluted by the larger number of shares." "Netscape allows a small-business man to have the same information in his hands as a big corporation so anybody can compete with anybody else," said Samblis . He said he expects the stock to trade at $31 or $32 after about 10 days on th e market. "It's one of those things where history comes back with a different name," he said. "This time it's Netscape, not Boston Chicken." In November 1993, Boston Chicken's initial offering of 1.9 million shares was sold at $20 each. The stock started trading at $45.50 and went as high as $51 on the first day of trading. Netscape is best known for Netscape Navigator, a point-and-click software package that helps users cruise the Internet. Many companies advise users clicking on their web sites that information looks best when displayed with Netscape's software. The company also makes products that allow individuals and organizations to exchange information and complete secure financial transactions over the Internet. The company's products include Netscape Commerce Server and Netscape Communications Server. For the six months ended June 30, Netscape had revenue of $16.6 million and a loss of $4.3 million, the preliminary prospectus reports. Netscape's proposed Nasdaq symbol is NSCP.

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