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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: WaveSeeker who wrote (63778)	9/29/1999 1:25:00 PM
From: hjz	Read Replies (1) \| Respond to of 120523

INAP is going to be a wild ride today like ATON and FDRY. HJ

To: WaveSeeker who wrote (63778)	9/29/1999 7:27:00 PM
From: kendall harmon	Read Replies (2) \| Respond to of 120523

NTSL--article <<Netsolve, ShopNow, and FTD.com all headed north in their debuts Tuesday, but the gains were minimal for two of the three. Netsolve, which was up 130 percent at one point, closed up 6 to 19, or 46 percent. ShopNow showed decent early gains, but closed up just 11/16 to 12 11/16, or 6 percent. FTD.com gained 5/8 to 8, or 8 percent. Netsolve (Nasdaq: NTSL) was the obvious IPO choice in early trading Wednesday. The company, which priced at $13 a share, is something of a white tiger among technology debuts, with a profit in its last quarter. Shopnow.com (Nasdaq: SPNW) also priced 7.25 million shares at $12 each for trading Wednesday. Netsolve priced its $3.7 million shares at $13 each, the top of its $11-$13 range. Lead underwriter for the offering is BancBoston Robertson Stephens. The Austin, Texas-based company provide services to manage networks and network security. NetSolve offers remote network management and security services that allow companies to outsource, or "out-task," activities of their wide area networks (WANs) or local area networks (LANs). Given the success of Foundry (Nasdaq: FDRY) on Tuesday, any company that combines the words profit, network and infrastructure could soar. Netsolve turned a profit in the last quarter, returning net income of $1.9 million on revenue of $9 million for the quarter ending June 30. The company's continuing profitability depends on its relationships with resellers such as AT&T, its largest customer, and network equipment manufacturers such as Cisco, according to filings with the Securities and Exchange Commission. Sales to AT&T accounted for 59 percent of Netsolve's revenue in the fiscal year ended March 31, 1999 and 69 percent of revenue in the three months ended June 30, 1999.>> zdii.com