IPO information
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"There are several IPOs presently carrying a Redherring.com Street Poll rating of Hot, but one new issue stands out from the pack. That one is the developer of handheld, computing devices based in Santa Clara, California: Palm Computing. It's a real company, having reported 1999 revenues, ending in May, of $563.5 million, up 107.1 percent from 1998's $272.1 million. It also reported operating income of $48.3 million in 1999, up nearly 650 percent from $6.46 million in 1998. The Street Poll sees the IPO as Red Hot. Lead manager Goldman Sachs plans to price the deal on Tuesday, January 31, for trading on Wednesday, February 1, 2000. "
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