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To: gladman who wrote (96334)	3/14/2000 10:30:00 AM
From: H James Morris	Respond to of 164684

Dave, you should put all your money in junk bonds.LOL btw Bought Ifx. >EW YORK, March 13 (Reuters) - The American Depositary Receipts (ADRs) of German computer chip maker Infineon Technologies Inc. <IFX.N> more than doubled in value during their New York Stock Exchange debut on Monday. The ADRs shot up to the top of the New York Stock Exchange's list of biggest percentage gainers in frenzied trading. Infineon's issue stood at $68, up more than 100 percent from its initial offering price of $33.92 per ADR. The company, which had an estimated pricing range of $28.59 to $34.51 per ADR, offered 154.2 million ADRs to the public, with each ADR representing one common share. The company also began trading on the Frankfurt Stock Exchange, surging from its 35 euros issue price to close at 70.26 euros. "Obviously, it's had a pretty successful debut," said Dominic Freud, head of European equities trading at SG Cowen, noting the company made its debut in a less-than-favorable environment. "It hasn't been a terrific day for techs and the Nasdaq opened 200 points lower." Infineon, working with lead underwriter Goldman Sachs, generated more than $5 billion through its offering. The money will be used to expand its operations and repay parent Siemens AG <SIEGn.DE>. Robust investor demand for Infineon stock marks a rapid turnaround in the company's fortunes, with the semiconductor market seen recovering after a long downturn. "The semiconductor industry is in a sweet part of its cycle," said David Wu, an analyst at ABN AMRO. 17:50 03-13-00