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Technology Stocks : PROGRAMMER'S PARADISE (PROG)

PROG 0.146

+6.5%

Jun 13 5:00 PM EST

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To: Dale Baker who wrote (862)	2/28/1999 10:02:00 AM
From: Tony van Werkhooven	Read Replies (1) of 2383

It obviously helps when you don't have earnings, low level of sales. Intraware Rises Modestly in IPO Wired News Report 4:45 p.m. 26.Feb.99.PST Shares of Intraware, a company that sells business software to large companies over the Internet, shot up 18 percent on the first day of trading Friday. Intraware (ITRA) priced its 4 million share offering at US$16 a share, a little higher than the $14 to $15 range it had estimated. Right after the Nasdaq market opened, the stock started trading at $20.38. But Intraware shares, which closed up $2.88 at $18.88, didn't have the sky-high increases other Net-related stocks have shown in recent weeks. "There's plenty of competition in that space," said Steven Tuen, director of research at IPO Value Monitor, citing software companies like Digital River and Beyond.com. Intraware had revenue of $24.5 million in the first nine months of 1998, up from $5.3 million during the same period in 1997. But losses also grew. The company reported a loss of $8.4 million in the first nine months of 1998, up from $2.7 million in the same period a year before. Related Wired Links: Java Fund Roster Grows by One 3.Dec.97 Send us feedback \| Work at Wired Digital \| Advertise with us About Wired Digital \| Our Privacy Policy Copyright © 1994-99 Wired Digital Inc. All rights reserved.

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