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

To: KevinMark who wrote (73268)	2/9/2000 4:13:00 PM
From: KevinMark	Respond to of 108040

Hackers beware! Your going down! You pissed off the wrong group my friends.

To: KevinMark who wrote (73268)	2/9/2000 7:51:00 PM
From: bkcraun	Respond to of 108040

WebMethod IPO seen getting boost from hot sector Wed Feb 09 17:21:00 EST 2000 NEW YORK, Feb 9 (Reuters) - WebMethods Inc. should cash in on the hot business-to-business sector when it makes it initial public offering on the Nasdaq Friday, analysts said. The Fairfax, Va.-based company provides customers with direct links to buyers and suppliers, connecting them to major business-to-business marketplaces and enabling real-time communication through the Internet. WebMethods' offering of 4.1 million shares is projected to price between $11 to $13 per share through lead underwriter Morgan Stanley. Additional underwriters include Merrill Lynch, Dain Rauscher Wessels and Friedman Billings Ramsey. There will be over 31 million shares outstanding following the IPO. "(WebMethods) could double in the market," said John Fitzgibbon of RedHerring.com, saying business-to-business has become, "a code word for a hot IPO." Successful offerings in this sector include Extensity Inc.'s in January, when its IPO more than tripled. PurchasePro.com Inc. , a business-to-business service provider for small and medium-size companies, was last year's second-largest IPO percent gainer, rising over 2,870 percent in 1999 from the $12 offering price. "Small offering, big names ... the makings of a big deal," said Kenan Pollack, money editor at Hoover's Online. "(WebMethods) is in a very strong market," said Pollack, who believes many companies use Internet business-to-business firms to keep costs down and to manage relationships better. WebMethods' products are powered by Extensible Markup Language (XML), an enabling technology that allows easier transfer of information through the Internet. "I suspect (XML) will become one of those buzz terms you hear more of in the year 2000," said Pollack. As of Dec. 31, WebMethods had over 130 customers, including Ariba Inc. , Citigroup Inc. and AT&T Corp. . The company has applied to trade on the Nasdaq under the symbol "WEBM" . (( -- New York Equities Newsdesk (212) 859-1588)) REUTERS Rtr 17:21 02-09-00