Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (74947)	8/20/1999 10:02:00 PM
From: Glenn D. Rudolph	Respond to of 164684

These IPOs never end: "Alteon Websystems seeks to raise $55.2 mln in IPO WASHINGTON, Aug 20 (Reuters) - Alteon Websystems Inc., a firm that works to improve the efficiency and performance of Internet servers to faciliate sales on the web, filed to raise as much as $55.2 million in an initial public offering. The San Jose, Calif.-based company proposed to sell three million shares of common stock in a projected range of $14-$16 per share, according to a filing with the Securities and Exchange Commission. Compaq Computer Corp. <CPQ.N> and Yahoo! Inc. <YHOO.O> are a couple of the companies that use the company's technology to manage their Web site traffic, yet Alteon posted $12.5 million in net losses in the year ending June 30. While the company's filing with the SEC did not disclose when it planned to begin selling its shares, Alteon has applied to be listed on Nasdaq under the symbol <ATON.O>. The $55.2 million figure it cited in the filing was merely a basis for calculating the SEC registration fee, the company said. Alteon said it plans to use the funds to expand sales and marketing, product development, and potential acquisitions, the filing said. The lead managers for the IPO are Lehman Brothers, BancBoston Robertson Stephens, and Thomas Weisel Partners LLC and have been allotted 450,000 shares in case of excess demand. REUTERS Rtr 18:29 08-20-99"