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

To: $Mogul who wrote (21008)	10/29/1999 10:30:00 AM
From: shades	Read Replies (1) \| Respond to of 108040

Your love cannot compare to the depth of passion I feel for her - it is penetrating soulful bliss. JNIC my dear - I kiss those sweet lips.

To: $Mogul who wrote (21008)	10/29/1999 10:31:00 AM
From: Jeanne_N	Respond to of 108040

Re: JNIC Let's hope it hits $50 again... : )

To: $Mogul who wrote (21008)	10/29/1999 10:50:00 AM
From: KevinMark	Read Replies (2) \| Respond to of 108040

RE: JNIC. It will explode. VIXL (dog) set many people back from buying any IPO's in this sector. Big difference between the 2. VIXL continued dumping shares from the beginning and their IR never returned any phone calls. To make matters worse, Robertson Stephens initiated coverage to dump more shares on clueless investors. What a joke. JNIC Is profitable, revenues are growing, and last but not least check out their list of customers below. Now time for the results to speak for themselves. Thursday October 28 4:34 PM ET JNI, Maker Of Speedy Networking Gear, Soars By Scott Hillis LOS ANGELES (Reuters) - JNI Corp (Nasdaq:JNIC - news). stock, a provider of gear and software to turbocharge delivery of data over networks, more than doubled Wednesday in its initial public offering, driven by unabated investor hunger for companies supplying the plumbing of networks. The shares of the San Diego, Calif.-based company soared to close at $42 from its $19 offering price. JNI raised $93.1 million after pricing 4.9 million shares above the expected range of $15 to $17. JNI designs circuit boards and software based on so-called 'fiber channel' technology that connects servers to data storage devices to form lightning-fast storage area networks (SANs). The market for SAN technology is expected to grow to $23 billion by 2002 from $2 billion last year, JNI Chief Executive Officer Terry Flanagan said, citing figures from research firm International Data Corp. ``That is a market being driven today by significant business-critical needs, therefore businesses are buying our products,' Flanagan said in an interview. ``There is great growth and need for digital data storage in business,' Flanagan said. The company designs its hardware and software in Silicon Valley and San Diego and outsources manufacturing. Although some semiconductor manufacturing is located in Taiwan, which was hit by a devastating quake last month, Flanagan said JNI was not significantly affected. JNI, begun as a unit of Jaymark Inc., which now holds 71 percent of the company, is also somewhat of an oddity among many newly public firms -- it is profitable and has been for the past year. JNI racked up an operating profit of $1.4 million, or 2 cents a share, on revenues of $10.9 million for its third quarter ended Sept. 30, Flanagan said. Because the company is still in its quiet period after the public offering, he declined to forecast future profits. ``We see SANs playing a larger role. We think storage spending is going to grow by a factor of five in the next five years. There's no question it's a huge market and going to become a bigger one,' said Carl Howe, an analyst at Forrester Research. JNI's biggest customers include EMC Corp (NYSE:EMC - news)., the No. 1 provider of high-volume data storage systems. JNI's equipment is used by such high-flying Internet companies as retailing giant Amazon.com Inc., online trading firm E+Trade Group Inc. and brokerage Charles Schwab, Flanagan said. It faces competition from computing giant Hewlett-Packard Co (NYSE:HWP - news)., QLogic Corp., Emulex Corp (Nasdaq:EMLX - news)., Sun Microsystems Inc (Nasdaq:SUNW - news). and Brocade Communications Systems Inc (Nasdaq:BRCD - news).