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Technology Stocks : CAMZ - Caminus Corp.

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To: westpacific who wrote ()	1/28/2000 4:51:00 PM
From: westpacific	of 13

First day news! Friday January 28, 4:23 pm Eastern Time Caminus shares rise 20 pct after $68.8 mln IPO NEW YORK, Jan 28 (Reuters) - Shares of Caminus Corp. (NasdaqNM:CAMZ - news), a software supplier and consultant to the energy industry, moved higher in Nasdaq trading Friday following its $68.8 million initial public offering. Shares last traded up 3-1/4, about 20 percent, to 19-1/4 after the company priced 4.3 million shares at $16, above range, through lead underwriter Deutsche Banc Alex Brown. Analysts are optimistic about Caminus' future, due to the fact that the company has customers like industry leaders Consolidated Edison Inc. (NYSE:ED - news) and Conoco Inc. (NYSE:COCa - news) John Fitzgibbon of RedHerring.com said Caminus' performance is ``not too surprising...(they have) a great list of clientele.' Fitzgibbon believes the company is in a good niche, but warned of dependence on big-name customers. ``(Caminus is) doing well because of a combination of their performance and the clients, but clients can always walk away.' Other Caminus clients include American Electric Power Co. Inc. (NYSE:AEP - news) and German electricity giant Preussen Elektra. (quote from Yahoo! UK & Ireland: VEBG.F)

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