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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: BoneYardDog who wrote (60928)	9/20/1999 12:24:00 AM
From: kathyh	Read Replies (1) \| Respond to of 90042

kana info... and agree with nzro, and asfd... also underwritten by gsco... boy they are busy this week!! will look at epny.... csfb underwriting this one... Thursday September 2, 6:21 pm Eastern Time Kana Communications sets terms of $35 mln IPO WASHINGTON, Sept 2 (Reuters) - Kana Communications Inc., the developer of an electronic mail management software, plans to sell 3.3 million shares in a projected range of $11-$13 per share, a Securities and Exchange Commission filing said. The company hopes to raise about $35.4 million in the Initial Public Offering and plans to to use the funds for marketing and distribution activities, product development, capital expenditures, possible acquisitions of complementary companies or products, and other general corporate purposes. The Palo Alto, Calif.-based company sells software that helps businesses manage high volumes of e-mail and website-based communications while facilitating the delivery of personalized information to customers, the filing said. Kana, whose customers include Ford Motor Co. (NYSE:F - news), Northwest Airlines Corp. (Nasdaq:NWAC - news), and Chase Manhattan Bank (NYSE:CMB - news), posted $9.8 million in net losses during the first six months of this year, according to the filing. The company applied to sell its shares on Nasdaq under the symbol (Nasdaq:KANA - news). The underwriters, Goldman, Sachs & Co., Hambrecht & Quist, and Wit Capital Corp., have been allotted 495,000 additional shares in the event of heavy demand. The $35.4 million figure it cited in the filing was merely a basis for calculating the SEC registration fee, the company said. --------------------------------------------------------------------------------