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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Kimberly Lee who wrote (16307)9/22/1999 2:27:00 PM
From: 2MAR$  Respond to of 108040
 
PPRO going up again here 36 1/2 CMRC bidding up +3 1/4 eom



To: Kimberly Lee who wrote (16307)9/22/1999 2:27:00 PM
From: Mike E.  Respond to of 108040
 
Wednesday September 22, 1:26 pm Eastern Time

Kana Communications triples in price after IPO

NEW YORK, Sept 22 (Reuters) - Shares in Kana Communications Inc. (Nasdaq:KANA - news) more than tripled in value Wednesday after their initial public offering, as investors continued to reward e-commerce software providers.

Shares of the Palo Alto, Calif-based firm climbed 42-11/16 to 57-11/16 on the Nasdaq, with 18.6 million shares traded by early afternoon.

``We've got a hot market. The only surprise is how high is high,' said John Fitzgibbon, a veteran IPO analyst, now with Redherring.com. ``Kana has the magic word 'Internet' and a great underwriter.'

Kana raised $49.5 million through its offering, in which 3.3 million shares were priced at $15, the top of an upwardly revised price range. It had initailly expected the IPO, which represented a 12 percent stake in the firm, to price in a range of $11-$13.

Goldman Sachs was the lead underwriter on the deal.

Companies such as Kana, which help e-commerce firms manage their e-mail and assist with customer service, fill an important role in Internet retailing, analysts said, noting that was one reason Kana's deal was well-received.

Gartner Group estimates that firms will receive 25 percent of all customer inquiries through e-mail and Web-based forms by 2001, but most remain unprepared to address the growth of e-mail and Web-based communications.

Some analysts also pointed that Benchmark Capital's David Beirne, a top technology recruiter, was a Kana director.

Kana posted total reveneus of $3.6 million and a net loss of $9.9 million for the six months ended June 30.

One of its competitors, eGain Communications Corp. (Nasdaq:EGAN - news), is also slated to debut this week.



To: Kimberly Lee who wrote (16307)9/22/1999 2:29:00 PM
From: Panita  Respond to of 108040
 
EGRP - been waiting to enter it for a long time. In at 22 1/4. Brokers have been beating estimates this week in 10 days when the the warning season ends online brokers will take off. I been wanting to add EGRP to my long term portfolio.

msnbc.com

For you charters:

bigcharts.com



To: Kimberly Lee who wrote (16307)9/22/1999 2:33:00 PM
From: edkaiser  Read Replies (1) | Respond to of 108040
 
I guess I'll be hanging on for dear life for awhile then.
I usually get burned on sympathy plays, so I thought I'd try the flip side once.

:o)

Short MSTG at 8 3/16.

Kimberly, thanks for the input.



To: Kimberly Lee who wrote (16307)9/22/1999 2:35:00 PM
From: jjetstream  Read Replies (2) | Respond to of 108040
 
SEE.....Now that is exactly why I avidly follow this thread and the *good* calls that you continue to make Kimberly...thanx for the good slap across the face...I'm back in at 15/16...:)



To: Kimberly Lee who wrote (16307)9/22/1999 2:44:00 PM
From: Blue Voodoo  Read Replies (1) | Respond to of 108040
 
MJXC - Relevant AP wire news and analysis:
www4.techstocks.com



To: Kimberly Lee who wrote (16307)9/22/1999 3:44:00 PM
From: JD  Read Replies (2) | Respond to of 108040
 
MM's trying to hold back LXXN. Strong cancer screen news:
newsalert.com

Jerry



To: Kimberly Lee who wrote (16307)9/22/1999 4:08:00 PM
From: lightfoot  Read Replies (1) | Respond to of 108040
 
AZUR bottom fish & volume alert a 100K Block yesterday and a 60K today at the ask.

They have TDEO designing a live video website that is supposed to open in late september. They are a fragrance reseller and manufacturer. Their last financials showed a large loss with an acquistion. I would think their latest financials should be out anytime. They have moved up off bottom and volume is increasing. Somebody knows something, either the financials have improved, or the website is coming, or another acquisition.