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To: Robert Rose who wrote (94832)	2/25/2000 11:54:00 AM
From: H James Morris	Respond to of 164684

20mil shares being offered so the gap up might not scare you off. >NEW YORK, Feb 24 (Reuters) - Intersil Holding Corp.'s initial public offering should draw investors eager to land a slice of the lucrative semiconductor market that is fueling a boom in laptops, cellular phones and Palm Pilots. "The market is growing and has a lot of potential. There are tons of wireless and handheld devices out there -- and that's where Intersil is positioning itself," said Kenan Pollack, money editor at Hoover's Online. "And this is a very big company; this is not a start-up." The Palm Bay, Fla.-based company plans to begin trading on Friday under the symbol <ISIL.O>. Intersil plans to offer 20 million shares, or a roughly 22 percent stake, at an expected price range of between $18 and $20 per share. The company, working with underwriters, Credit Suisse First Boston, Salomon Smith Barney, Merrill Lynch, Robertson Stephens and SG Cowen, could raise as much as $400 million through the deal. Pollack said Intersil would likely not see an astronomical first-day gain given the large size of the offering, but said the company should see a healthy appreciation on the first day and beyond. "I think they will do well because the market is strong behind them. The offering is large so you don't have those huge first-day jumps, but these guys are going to do fine," Pollack said. Intersil Holding Corp. was formed last August through a series of transactions in which the company and its wholly-owned subsidiary Intersil bought the semiconductor business of Harris Corp. <HRS.N>. Insteril's client list includes heavyweights like Intel Corp. <INTC.O>, Dell Computer Corp. <DELL.O> and 3Com Corp. <COMS.O> "Intersil is also looking into the home-networking space, which could be a potentially huge market," said Kimberly Funasaki, an senior research analyst at International Data Corp. Intersil posted a net loss of $16.4 million on revenue of $292.0 million for the six months ended December 31, 1999. The company plans to use the net proceeds of the offering to repay debt stemming from its acquisition from Harris as well as to pay fees and expenses of the initial public offering. 17:42 02-24-00