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Gold/Mining/Energy : Linmor: managing voice & data networks -- Ignore unavailable to you. Want to Upgrade?

To: sPD who wrote (152)	3/7/2000 10:20:00 PM
From: sPD	Read Replies (1) \| Respond to of 177

Linmor looks to second public offering By Steve Ladurantaye Ottawa Business Journal - March 7, 2000 Linmor Inc. has already been through the IPO drill, but on Tuesday morning announced it would repeat the process in a bid to raise more cash. But this time it has something going for it besides Internet management - Linux. "The company has filed a preliminary prospectus with applicable provincial securities commissions in respect of a proposed public offering of common shares to be issued from treasury," the company said in a statement. Linmor develops proactive performance management solutions for handling Internet infrastructure. Its flagship product Nebula provides network data used to manage Internet systems with. The package is installed at companies around the world, including AT&T and MCI WorldCom. Linmor's Linux solution enables carriers to manage the new breed of very large, complex networks. This is part of Linmor's aim to be the leading performance management software supplier to DSL carriers. Linmor stock took off in early December after the company announced that its product line was ported into the Linux operating system, posting a 950 per cent from its open of 40 cents to trade for $3.80. "Our phone is ringing off the hook, U.S. investors are calling like crazy," said Linmor spokesperson Gail Oliver at the time. "It's been nuts." The company was incorporated in 1995, and trades on the CDNX under the symbol LIR. The stock made its debut in 1998, and enjoyed mixed success in the early going. In Q1 1998, the stock closed at a high of 40 cents. In the year, the lowest trading price was 5 cents in the third quarter. Since then, the stock was stagnate at penny status. But the tech stock bonanza that has gripped the market has sent the shares up 783.33 per cent in the last year. Its 52-week low was 13 cents, while its high was $4.25. It closed on Monday at $3.25. The prospectus doesn't provide share price information, but does say that 2/3 of the proceeds will be used as general working capital, and that the remainder will be earmarked for research and development. This fully marketed offering is to be underwritten by a syndicate composed of Yorkton Securities Inc. and Griffiths McBurney & Partners. The price of the common shares to be offered will be determined at the time of closing.