Sagent Technology, Inc. (SGNT) Message Board

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Technology Stocks : Sagent Technology, Inc. (SGNT)

SGNT 21.76

0.0%

Aug 30 5:00 PM EST

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To: Howard Levine who wrote (10)	4/15/1999 9:10:00 PM
From: Secret_Agent_Man	Read Replies (1) of 220

Sagent comes on strong By John E. Fitzgibbon Jr. Red Herring Online April 15, 1999 redherring.com With no Internet IPOs on this week's calendar, the old technology standby, software, took over the reins. Software developer Sagent Technology (SGNT) sparkled in the aftermarket. Donaldson, Lufkin & Jenrette offered 5.0 million shares of Sagent Technology at $9 each, on the high end of its $7-$9 range. The Mountain View, California-based company develops software for corporations' information access, analysis, and delivery needs. The offering raised $45 million. The proceeds are earmarked to pay short-term debt, with the balance held for general corporate purposes. The IPO started trading at $10.50 a share and reached a day's high of $16.81 before closing at $15.56, up 72.9 percent. aside note closed down today some -20% (-)3-3/16 @12-3/8

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