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Technology Stocks : LIOX IS TRADING -- Ignore unavailable to you. Want to Upgrade?

To: techstocker who wrote (12)	8/23/1999 5:56:00 PM
From: techstocker	Respond to of 19

\| AP \| S&P \| International \| PRNews \| BizWire \| CCN ] ------------------------------------------------------------------------ <Picture: Discover Brokerage> Related QuotesLIOX 11 3/16 -1 7/16 delayed 20 mins - disclaimer Friday August 20, 10:15 am Eastern Time Company Press Release SOURCE: Lionbridge Technologies, Inc. Lionbridge Technologies Announces Initial Public Offering of 3,500,000 Shares of Common Stock at $10.00 Per Share WALTHAM, Mass., Aug. 20 /PRNewswire/ -- Lionbridge Technologies, Inc. (Nasdaq: LIOX - news) announced today the pricing of an initial public offering of 3,500,000 shares of its common stock, all of which are being issued and sold by the Company, at $10.00 per share. The common stock will trade on the Nasdaq National Market under the symbol ``LIOX'. Prudential Securities acted as lead manager of the offering and U.S. Bancorp Piper Jaffray and Adams, Harkness & Hill, Inc. acted as co-managers. Lionbridge is a provider of globalization services to technology companies worldwide. Lionbridge's software, test, Web, and linguistic engineering groups create and maintain multilingual versions of its clients' software and hardware, as well as Web-based technical support, training materials, and sales and marketing information for worldwide release via traditional means and the Internet. In connection with the pricing of this offering, Lionbridge and the underwriters agreed to decrease the proposed range for the initial public offering price of shares of Lionbridge's common stock from between $12.00 and $14.00, to $10.00, and to decrease the number of shares offered by the Company from 4,000,000 shares (4,206,666 shares including the underwriters' overallotment option) to 3,500,000 shares (3,631,666 shares including the underwriters' overallotment option). In addition, in connection with the pricing of this offering, limited partnerships sponsored by Advent International and Morgan Stanley have expressed an interest in purchasing up to $7,280,000 of shares in the offering, and Capital Resource Lenders and limited partnerships sponsored by Morgan Stanley have agreed to defer repayment of $6 million, or 50%, of the subordinated notes they hold for 24 months.

To: techstocker who wrote (12)	8/23/1999 7:05:00 PM
From: Marshall001	Read Replies (1) \| Respond to of 19

Should have heavy support at 10 1/2 due to the fact that all who got shares at the IPO price and were going to flip should have done so by now. Also, Any aftermarket buys were made above 10 3/8. No more profit takers at that level, Also not many shorters on stocks that trade this low. I really see no reason for the stock to drive any lower other than a major surprise by the Fed, or a large drop in trading volume. Will accumulate more if we reach lower levels. M