Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kimberly Lee who wrote (28726)	11/16/1999 4:00:00 PM
From: fmv503	Respond to of 108040

Kim, on EGAN - Glad to hear your thoughts. I am holding.

To: Kimberly Lee who wrote (28726)	11/16/1999 4:21:00 PM
From: Dotty	Respond to of 108040

QNTS-info...Quintus Soars in First Day, DLJ Stake Worth $616 Mln Fremont, California, Nov. 16 (Bloomberg) -- Quintus Corp., whose software manages customer orders and service, more than doubled in its first day, the latest IPO by a company that helps speed Internet commerce to be snapped up by investors. The Fremont, California-based company rose 31 to 49 as about 7.7 million shares traded by midafternoon. Earlier, the shares reached 52, giving the company a market value of $1.67 billion. Quintus' software allows companies to handle the 50 million e-mails a day that customers requesting product information are expected to send to companies by 2001, it said. Quintus' clients include Anheuser-Busch, Citigroup, Lucent Technologies, Procter & Gamble, and United Airlines. The company lost $1.7 million on sales of $13.3 million for the six months ended Sept. 30, compared with a loss of $5 million on sales of $15.9 million for the same period a year ago. Its 36-year old CEO, Alan Anderson, holds a 4 percent stake now worth $59.4 million. Donaldson Lufkin Jenrette Inc. holds a $615.8 million stake through its Sprout Group venture capital arm. Quintus faces competition from companies such as San Mateo, California-based Siebel Systems Inc., which provides customer- service and call-center software, and San Jose, California-based Clarify Inc., which also makes customer-support software, the company said. Other competitors include Palo Alto, California- based Kana Communications Inc. and San Francisco-based Genesys Telecommunications Laboratories Inc., both of which help companies manage large volumes of customer emails. Quintus sold 4.5 million shares at $18 each yesterday, raising $81 million. The shares sold $1 above the top of the $15 to $17 range set by Donaldson Lufkin Jenrette Securities Corp., which handled the sale of the 14 percent stake. Quintus will use $18.2 million of sale proceeds to fund the conversion of preferred into common stock, and the remainder for general corporate purposes. Some of the proceeds may go to funding sales and marketing expenses, expected to top $25 million in the next 12 months. CEO Anderson is a former senior vice president for OpenVision Technologies Inc., which was acquired by Veritas Software Corp., a maker of data storage management software