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

To: crimson who wrote (23364)	11/4/1999 2:12:00 PM
From: $Mogul	Read Replies (2) \| Respond to of 108040

COBT- tons of hype that it can't live up to! Should do well though.

To: crimson who wrote (23364)	11/4/1999 2:12:00 PM
From: Mandalou	Read Replies (2) \| Respond to of 108040

Cobalt Networks boost IPO price range to $20-$22 WASHINGTON, Nov 4 (Reuters) - Cobalt Networks Inc. said on Thursday it raised the estimated price range of its initial public offering to $20-$22 per share from $14-$16 per share, according to a Securities and Exchange Commission filing. The company, which makes and sells server appliances that are designed to run applications over a computer network or the Internet, will now likely generate net proceeds of $96.6 million from the IPO to be used for boosting working capital, funding operating losses and paying for capital spending. Cobalt Networks, based in Mountain View, Calif., still plans to offer 5 million shares in the IPO, according to the amended prospectus filed with the SEC. The company plans to trade its shares on Nasdaq under the symbol ``COBT.' *********************************************************** IT should be worth a few points during the day.....