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To: George the Greek who wrote (233)	4/7/2000 1:03:00 PM
From: MangoBoy	Read Replies (1) of 955

[Saba shares more than double after $60 mln IPO] NEW YORK, April 7 (Reuters) - Saba Software Inc. (NASDAQ:SABA) shares more than doubled in value in Friday trading after the Internet software provider's $60 million initial public offering. Saba shares last traded up 21-1/4 to 36-1/4 on the Nasdaq, a gain of over 141 percent, after the company's $15 per share IPO. Saba had priced 4 million shares above a $12 to $14 per share price range through lead underwriter Goldman Sachs. The company has about 42.9 million shares outstanding after the IPO, giving it a market capitalization of over $1.5 billion if it maintains its early gains. Saba is a provider of software that allows companies and governments to create and use global networks over the Internet to provide learning systems. Its customers include Cisco Systems Inc. (NASDAQ:CSCO) and Anheuser-Busch Cos Inc. (NYSE:BUD) The company posted revenues of $5.2 million and a net loss of $17.7 million for the six months ended Nov. 30.

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