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Technology Stocks : Aware, Inc. - Hot or cold IPO? -- Ignore unavailable to you. Want to Upgrade?

To: Nueria Capital who wrote (7088)	10/21/1999 11:48:00 PM
From: William Grilli	Respond to of 9236

all I can say is someone please pass me a napkin I seem to have messed myself :)

To: Nueria Capital who wrote (7088)	10/21/1999 11:51:00 PM
From: Scrapps	Respond to of 9236

Thursday October 21, 9:26 pm Eastern Time Aware shares soar on deal with Intel BEDFORD, Mass., Oct 21 (Reuters) - Shares of Aware Inc. (NasdaqNM:AWRE - news) shot up more than 50 percent on Thursday in heavy trading, after the company said late on Wednesday that semiconductor behemoth Intel Corp. (NasdaqNM:INTC - news) would license its telecommunications technology. Aware was up 13-7/16 to 34-5/16 on news that Intel would use Aware's software in its DSL, or digital subscriber line, product offerings, which allow for high-speed Internet access over telephone lines. ''It's really big,'' said analyst Charles Pluckhahn of Stephens Inc. in Boston, who said the Intel deal gives Aware the inside track on a potentially huge consumer market for high-speed data access. Nearly 6.5 million Aware shares had changed hands by midafternoon, compared with average daily volume of 716,795, according to S&P MarketScope. ''Intel's going to be the 20-ton gorilla of ADSL modems,'' Pluckhahn said, referring to asymmetric digital subscriber line technology. ''As they enter the market, they're going to be joined at the hip with Aware.'' He said that the deal is not exclusive, but the business is Aware's to lose. Terms of the deal were not disclosed. Aware spokeswoman Kristin Griffin said under its deals with Intel and other semiconductor firms, Aware receives an up-front licensing fee, contract engineering revenues and per unit royalties. ''The opportunity, obviously, is quite large for both companies because there's such a huge demand for broadband out there,'' she said. ''Intel is the world's largest chip maker, and this is exactly what Aware is trying to do with its business model.'' Under the agreement, Aware will provide Intel with full-rate ADSL, a consumer product that allows users to send and receive data at speeds up to 20 times faster than a normal phone connection over existing copper wires. Analyst Michael Neiberg of Hambrecht & Quist in New York said Aware's deal with Intel is ''very big.'' ''Aware's whole business plan is based on their ability to get chip manufacturers to license its technology,'' he said. ''Obviously, this is a new partner, and this is the marquee account in the space.'' Aware is scheduled to release third quarter earnings on Monday, and Griffin said the company is comfortable with the 5 cent per share consensus analyst estimate compiled by research firm First Call/Thomson Financial. Aware's 52-week high is $87.125 and its year-low is $7.25.