IPO's - the 25 day quiet period - Part II
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PRODIGY COMMUNICATIONS INC- PRGY
RECENT NEWS
2/10/99 The company priced at $15 for trading Thursday.
2/9/99 The company increased its price from $12-$15 to $15-$17.
1/26/99 The company set its price to $12-$15 and set its number of shares to 8,000,000.
An Internet service provider that provides Internet access and related value-added services.
Status/Tentative Pricing- PRICED 2/10
Lead Underwriter- BEAR STEARNS & CO INC
Exchange- NASDAQ
Ticker- PRGY
Price- $15
Shares- 8,000,000
Shares Offered by Company- ALL
Post-Offering Shares- 59,290,377
Underwriters
BEAR STEARNS & CO INC
BANCBOSTON ROBERTSON STEPHENS
ING BARING FURMAN SELZ LLC
VOLPE BROWN WHELAN & CO LLC
BT ALEX BROWN INC
CIBC OPPENHEIMER CORP
DONALDSON LUFKIN & JENRETTE INTERNATIONAL
GOLDMAN SACHS & CO
MERRILL LYNCH PIERCE FENNER & SMITH INC
MORGAN STANLEY DEAN WITTER & CO
PRUDENTIAL SECURITIES INC
SG COWEN SECURITIES CORP
WARBURG DILLON READ LLC
WASSERSTEIN PERELLA SECURITIES INC
WIT CAPITAL CORP
ALLEN & CO INC
AXIOM CAPITAL MANAGEMENT INC
JC BRADFORD & CO
CHATSWORTH SECURITIES LLC
FIRST UNION CAPITAL MARKETS CORP (WHEAT FIRST SECURITIES INC)
GRUNTAL & CO INC
JEFFERIES & CO INC
JW GENESIS CAPITAL MARKETS LLC
LADENBURG THALMANN & CO INC
LEERINK SWANN & CO
NEEDHAM & CO INC
THE ROBINSON-HUMPHREY CO INC
STANFORD GROUP CO
CE UNTERBERG TOWBIN
Employees, Full-time|Part-time- 313
Revenue- $134.2 Mln (PRO FORMA FY 97)
Net Income- $(132.8 Mln)
PRODIGY COMMUNICATIONS CORP
Prices Available: 02/11/99 through 03/12/99
Ticker: PRGY
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
02/16/99 14,246,300 50 5/8 40 1/8 49
02/17/99 5,996,900 47 15/16 38 11/16 40 3/4
02/18/99 5,343,100 44 15/16 37 39 9/16
02/19/99 5,924,000 38 3/4 32 32 1/2
02/22/99 7,291,300 36 28 1/4 31 1/8
02/23/99 3,121,400 33 1/2 31 32 1/4
02/24/99 8,408,500 39 1/2 32 1/2 35 5/8
02/25/99 5,373,500 39 7/16 36 38
02/26/99 2,949,300 39 7/8 37 1/4 38 7/8
03/01/99 1,385,600 39 3/16 37 37 7/8
03/03/99 971,800 37 9/16 33 3/16 35
03/04/99 706,100 36 3/4 34 5/16 35 5/16
03/05/99 879,200 37 35 35 15/16
03/08/99 3,139,400 41 5/16 36 1/2 40 9/16
03/09/99 1,744,700 40 1/2 37 3/8 38
03/10/99 1,245,700 39 1/2 37 3/8 38 7/8
03/11/99 3,386,800 42 13/16 38 15/16 40 3/4
03/12/99 4,092,400 45 7/8 42 1/2 43
NEW YORK, March 8 (Reuters) - ING Barings said Monday it initiated coverage of Prodigy Communications Corp. <PRGY.O> with a buy rating and set a 12-month price target of $43 a share.
PRGY...already initiated coverage...
Bear Stearns- buy- $50...http://biz.yahoo.com/rf/990308/i5.html
ING Barings- buy- $43...http://biz.yahoo.com/rf/990308/pp.html
Sands Bros.- neutral- biz.yahoo.com
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NEON SYSTEMS INC- NESY
RECENT NEWS
3/4/99 The company priced at $15 for trading on Friday.
3/2/99 The company increased its price from $12-$14 to $15 and increased its number of shares from 2,500,000 to 2,700,000.
2/10/99 The company set its price to $12-$14 and set its number of shares to 2,500,000.
Develops and sells software products that help organizations access and integrate data, transactions and applications from the Internet and mainframe and client/server systems.
Status/Tentative Pricing-PRICED 3/4/99
Lead Underwriter- DONALDSON LUFKIN & JENRETTE SECURITIES CORP
Exchange- NASDAQ
Ticker- NESY
Price- $15
Shares- 2,700,00
Shares Offered by Company- 2,636,000
Shares Offered by Shareholders- 64,000
Post-Offering Shares- 8,443,251
Underwriters
DONALDSON LUFKIN & JENRETTE SECURITIES CORP
HAMBRECHT & QUIST LLC
CIBC OPPENHEIMER CORP
DLJDIRECT INC
BANCBOSTON ROBERTSON STEPHENS
BEAR STEARNS & CO INC
BT ALEX BROWN INC
LEHMAN BROTHERS INC
WARBURG DILLON READ LLC
SG COWEN SECURITIES CORP
CHATSWORTH SECURITIES LLC
GERARD KLAUER MATTISON & CO INC
GRUNTAL & CO INC
HARRIS WEBB & GARRISON INC
HOAK BREEDLOVE WESNESKI & CO
CL KING & ASSOC INC
LEGG MASON WOOD WALKER INC
MCDONALD & CO SECURITIES INC
NEEDHAM & CO INC
PENNSYLVANIA MERCHANT GROUP LTD
US BANCORP PIPER JAFFRAY INC
REDWINE & CO INC
SANDERS MORRIS MUNDY INC
SANDS BROTHERS & CO LTD
SOUNDVIEW TECHNOLOGY GROUP INC
SOUTHWEST SECURITIES INC
CE UNTERBERG TOWBIN
Employees, Full-time|Part-time- 77
Revenue- $12.2 Mln (FY 98)
Net Income- $1.1 Mln
NEON SYSTEMS INC
Prices Available: 03/05/99 through 03/12/99
Ticker: NESY
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
03/05/99 6,475,900 28 5/8 20 3/4 25 1/16
03/08/99 1,451,700 25 3/4 22 3/4 25 5/8
03/09/99 390,700 25 13/16 24 1/8 25 5/8
03/10/99 897,300 36 7/8 25 3/8 36 1/8
03/11/99 2,027,800 50 1/16 33 5/8 36 7/8
03/12/99 290,200 40 37 38 1/2
[3-05..NESY..@15 - 4/8]
ONYX SOFTWARE CORP- ONXS
RECENT NEWS
2/11/99 The company priced at $13 for trading on Friday.
2/11/99 The company increased its price from $9-$11 to $11-$13.
1/21/99 The company increased its price from $6-$7 to $9-$11 and set its number of shares to 3,100,000.
Provider of Enterprise Relationship Management software solutions, which automate the key functions that enable enterprises to more effectively acquire, manage and retain customers, partners and other relationships.
Status/Tentative Pricing- PRICED 2/11
Lead Underwriter- CS FIRST BOSTON CORP
Exchange- NASDAQ
Ticker- ONXS
Price- $13
Shares- 3,100,000
Shares Offered by Company- ALL
Post-Offering Shares- 16,486,482
Underwriters
CS FIRST BOSTON CORP
SG COWEN SECURITIES CORP
US BANCORP PIPER JAFFRAY INC
ADAMS COHEN SECURITIES INC
BLACK & CO INC
DA DAVIDSON & CO INC
GRUNTAL & CO INC
INVEMED ASSOC INC
RAGEN MACKENZIE INC
CHARLES SCHWAB & CO INC
SOUNDVIEW FINANCIAL GROUP INC
Employees, Full-time|Part-time- 271
Revenue- $35.1 Mln (FY 98)
Net Income- $(7.0 Mln)
ONYX SOFTWARE CORP
Prices Available: 02/16/99 through 03/12/99
Ticker: ONXS
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
02/16/99 921,700 25 1/4 19 20 1/2
02/17/99 569,300 20 1/4 18 19 1/8
02/18/99 488,000 21 1/8 19 20 1/2
02/19/99 247,400 21 3/8 20 20 3/8
02/22/99 260,100 21 1/8 20 20 1/2
02/23/99 237,800 21 1/4 19 20 7/8
02/24/99 146,400 21 1/2 19 3/4 20 1/4
02/25/99 76,100 20 7/16 19 19
02/26/99 157,900 19 1/8 18 18 9/16
03/01/99 139,500 18 3/4 17 3/4 18
03/02/99 207,500 18 1/2 16 1/2 18 1/2
03/03/99 25,700 18 3/4 17 1/4 17 3/8
03/04/99 182,000 17 7/8 17 1/16 17 3/8
03/05/99 100,300 17 7/8 17 1/4 17 1/4
03/08/99 375,100 19 1/16 17 1/4 18 7/8
03/09/99 161,800 20 15/16 18 1/2 20 1/4
03/10/99 87,000 20 3/16 19 1/2 20
03/11/99 71,700 21 1/4 17 7/8 18
03/12/99 1,401,000 28 19 5/16 27 13/16
March 12 (Reuters) - Credit Suisse First Boston analyst Michael Kwatinetz said Friday he started ONYX Software Corp. <ONXS.O> with a buy rating.
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CATAPULT COMMUNICATIONS CORP- CATT
RECENT NEWS
2/10/99 The company priced at $10 for trading Thursday.
1/7/99 The company was depostponed.
8/11/98 The company was postponed.
Designs, develops, manufactures, markets and supports an advanced software-based test system offering an integrated suite of testing applications for the global telecommunications industry.
Status/Tentative Pricing- PRICED 2/10
Lead Underwriter-HAMBRECHT & QUIST LLC
Exchange- NASDAQ
Ticker- CATT
Price- $10
Shares- 3,352,500
Shares Offered by Company- 2,100,000
Shares Offered by Shareholders-1,252,500
Post-Offering Shares- 12,568,037
Underwriters
HAMBRECHT & QUIST LLC
CIBC OPPENHEIMER CORP
CE UNTERBERG TOWBIN
ALLEN & CO INC
BEAR STEARNS & CO INC
ING BARING FURMAN SELZ LLC
NATIONSBANC MONTGOMERY SECURITIES LLC
WARBURG DILLON READ LLC
CHARLES SCHWAB & CO INC
JEFFERIES & CO INC
NEEDHAM & CO INC
PENNSYLVANIA MERCHANT GROUP LTD
US BANCORP PIPER JAFFRAY INC
THE ROBINSON-HUMPHREY CO INC
SOUNDVIEW TECHNOLOGY GROUP INC
Employees, Full-time|Part-time- 68
Revenue- $18.2 Mln (FY 98)
Net Income- $4.5 Mln
CATAPULT COMMUNICATIONS CORP
Prices Available: 02/12/99 through 03/12/99
Ticker: CATT
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
02/16/99 383,300 12 3/4 10 7/8 11 3/8
02/17/99 93,300 11 3/8 10 1/4 10 5/16
02/18/99 513,900 10 1/2 9 15/16 10 1/8
02/19/99 50,400 10 1/2 10 10 3/16
02/22/99 74,800 10 1/2 10 1/8 10 3/8
02/23/99 190,700 10 3/8 10 10 3/16
02/24/99 52,500 10 5/16 10 1/16 10 1/16
02/25/99 72,000 10 3/16 10 1/16 10 1/16
02/26/99 32,700 10 1/8 10 10 1/16
03/01/99 113,700 10 3/16 10 10 1/16
03/02/99 73,000 10 1/4 10 10
03/03/99 70,900 10 1/16 10 10
03/04/99 27,800 10 1/4 10 10 1/16
03/05/99 18,000 10 1/4 10 1/16 10 1/4
03/08/99 361,100 11 1/16 10 1/4 11
03/09/99 145,900 11 1/16 10 3/4 10 7/8
03/10/99 120,000 11 1/4 11 11 3/16
03/11/99 226,500 11 3/8 10 3/4 11 5/16
03/12/99 339,300 14 11 1/4 13 7/16
[2-11..CATT..@10 - 3/18]
CATT...already initiated March 8-9- CE Unterberg Twbn- buy
...Hambrecht & Quist- buy
quote.yahoo.com
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SERENA SOFTWARE INC- SRNA
RECENT NEWS
2/11/99 The company priced above range at $13 for trading on Friday.
1/26/99 The company set its price to $9-$11.
Provider of software change management products and services used to manage and control software change for information technology organizations.
Status/Tentative Pricing- PRICED 2/11
Lead Underwriter- HAMBRECHT & QUIST LLC
Exchange- NASDAQ
Ticker- SRNA
Price- $13
Shares- 6,000,000
Shares Offered by Company- 4,000,000
Shares Offered by Shareholders- 2,000,000
Post-Offering Shares- 24,204,250
Underwriters
HAMBRECHT & QUIST LLC
SG COWEN SECURITIES CORP
SOUNDVIEW TECHNOLOGY GROUP INC
BT ALEX BROWN INC
CIBC OPPENHEIMER CORP
DONALDSON LUFKIN & JENRETTE INTERNATIONAL
CHARLES SCHWAB & CO INC
SALOMON SMITH BARNEY INC
ADAMS HARKNESS & HILL INC
DAIN RAUSCHER CORP
FIRST ALBANY CORP
GRUNTAL & CO INC
LAIDLAW GLOBAL SECURITIES INC
RAYMOND JAMES & ASSOC INC
SANDERS MORRIS MUNDY INC
TUCKER ANTHONY & RL DAY INC
CE UNTERBERG TOWBIN
FIRST SECURITY VAN KASPER
Employees, Full-time|Part-time- 186
Revenue- $41.3 Mln (PRO FORMA FY 98)
Net Income- $3.5 Mln
SERENA SOFTWARE INC
Prices Available: 02/16/99 through 03/12/99
Ticker: SRNA
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
02/16/99 1,782,100 15 7/8 14 3/8 15 1/8
02/17/99 1,206,900 15 1/2 14 1/4 14 3/4
02/18/99 1,205,400 14 7/8 13 7/8 13 7/8
02/19/99 429,100 14 7/16 13 7/8 14 7/16
02/22/99 411,900 15 3/4 14 3/8 15 1/2
02/23/99 300,600 15 5/8 14 5/8 15 1/4
02/24/99 336,200 15 1/2 14 1/2 15
02/25/99 582,500 14 5/8 13 7/8 14
02/26/99 338,500 14 1/4 13 13 1/8
03/01/99 255,300 13 1/4 13 13 1/4
03/02/99 175,600 13 5/8 13 1/8 13 3/8
03/03/99 188,700 13 3/4 13 1/8 13 1/4
03/04/99 161,200 13 7/16 13 1/8 13 1/4
03/05/99 169,100 13 3/4 13 3/8 13 3/8
03/08/99 259,200 14 1/2 13 3/8 14 1/2
03/09/99 479,100 15 1/2 13 7/16 13 3/4
03/10/99 178,000 14 1/4 13 7/8 13 15/16
03/11/99 287,000 14 5/16 13 1/2 13 7/8
03/12/99 109,100 14 13 1/2 13 7/8
[ 2-11..SRNA..@13 - 3/19]
SRNA...coverage initiated March 9...Cowen & Co- strong buy
... Hambrecht & Quist- buy
...http://biz.yahoo.com/c/99/03/09/u.html#i |
