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Technology Stocks : BackWeb Technologies Ltd (BWEB) -- Ignore unavailable to you. Want to Upgrade?

To: Danny who wrote (34)	6/7/1999 6:59:00 PM
From: SteelerStu	Read Replies (1) \| Respond to of 584

BackWeb <BWEB.O> IPO prices at top of range BackWeb <BWEB.O> IPO prices at top of range NEW YORK, June 7 (Reuters) - Israeli Internet software maker BackWeb Technologies Inc. <BWEB.O> priced 5.5 million shares at $12 a piece in its initial public offering late Monday, according to lead underwriter Goldman Sachs. The offering was priced at the top of its range after, in a sign of strong demand, the price range had been jacked up to $10 to $12 from $8 to $10, earlier. BackWeb, which provides Internet communication infrastructure and applications software, serves large clients such as Cisco Systems Inc. <CSCO.O> and AT&T Corp. <T.N>. The company said in its prospectus, it is aiming to have its BackWeb Foundation software platform become the standard for Internet communication. Marimba Inc. <MRBA.O>, which recently went public, is one of BackWeb's competitors. Marimba stock rocketed 220 percent in April to $64 after its $20-per-share IPO. The stock was up 1 at 42-7/8 late Monday on Nasdaq. Among the other expected IPOs for tonight is DrKoop.com Inc. <KOOP.O>, an online healthcare network founded by former U.S. Surgeon General C. Everett Koop. ((Nadja Rogoszynski, New York Newsdesk (212) 859-1700)) REUTERS * end of story *