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Technology Stocks : Blue Coat Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Olav who wrote (8)	11/15/1999 6:36:00 PM
From: jimbo	Read Replies (1) \| Respond to of 218

I'm trying now to buy into this IPO before liftoff, which is currently schedule, according to IPO.COM and OSTMAN.COM, for Thursday or Friday of this week. Offering price is $11-13 and 5,000,000 shares. Jimbo

To: Olav who wrote (8)	11/15/1999 8:12:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 218

Probably Thursday or Friday. From Reuters: biz.yahoo.com Monday November 15, 7:29 pm Eastern Time CacheFlow IPO banks on demand for faster Web service By Monica Summers NEW YORK, Nov 15 (Reuters) - CacheFlow Inc., which makes equipment that speeds Web performance, hopes that its initial public offering this week will mirror the success of one of its competitors, Akamai Technologies Inc. (NasdaqNM:AKAM - news), analysts said. The Sunnyvale, Calif.-based CacheFlow plans to sell 5 million shares of its common stock at an expected price range of $11-$13 per share in a deal led by Credit Suisse First Boston, according to its filing with federal regulators. ``It looks like it could be the biggest stock of the week,' said David Menlow, president of IPOfinancial.com. ``We'd like to see CacheFlow actually come to market on Friday as is expected because it has the potential for being yet another feeding-frenzy Friday stock following in the tracks of Sycamore Networks and Akamai Technologies,' Menlow said. In the first day of trading, shares of Akamai rose 119-3/16 to close at 145-3/16 after a $26 a share initial public offering, making it the fourth-largest percentage gainer on the first day of trading for an IPO. Optical networking firm Sycamore Networks Inc. (NasdaqNM:SCMR - news) also enjoyed a strong first day when its shares closed up 146-3/4 at 184-3/4, a gain of 386 percent, after pricing at $38 per share. At the time it was the fourth most successful IPO ever. CacheFlow said its products help speed up and manage the flow of data over the Internet through a process called Internet caching. An Internet cache stores the data physically closer to users, eliminating any time constraints and making it more readily accessible. The company said it plans to use estimated $54.1 million in net proceeds raised from the offering for working capital and general corporate purposes. As of August, the company said it had about 100 customers, including Xerox Corp. (NYSE:XRX - news) and Delta Air Lines Inc. (NYSE:DAL - news). Its competitors are Akamai, Cisco Systems Inc. (NasdaqNM:CSCO - news) and Inktomi Corp. (NasdaqNM:INKT - news), among others. Earlier this month, Marc Andreessen, creator of Mosaic, the first widely used Web browser, and co-founder of Netscape Communications, joined CacheFlow's board of directors and took an undisclosed equity stake in the company. ``In a nutshell, their IPO will probably do well due to a number of indicators, the most recent having been the successful IPO of Akamai,' said Joel Yaffe, an analyst with Giga Information Group. Yaffe said CacheFlow is also likely to benefit from the recent acquisition of Sandpiper Networks Inc., an Internet content development company, by Web communications firm Digital Island Inc. (NasdaqNM:ISLD - news), as well as the high valuation of Internet software developer Inktomi. ``CacheFlow has a good enterprise market,' Yaffe said. ``The market is getting more and more demand for caching devices as businesses continue to focus on more need for devices or services that provide a higher level of performance.' For the quarter ended July 31, CacheFlow reported a net loss of $3.6 million, or 80 cents per share, versus a loss of $2.3 million, or 47 cents per share, in the year-ago period. Sales for the quarter topped $3.6 million versus $809,000 in the same quarter of 1998. The company, which plans to trade on the Nasdaq stock market under the symbol ``CFLO,' will have about 32.6 million shares outstanding after the offering, the filing said. Underwriters include Morgan Stanley Dean Witter and Dain Rauscher Wessels.