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To: Danny who wrote (96746)	3/17/2000 1:56:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Hey Danny, I want to go on record here that Npli is a crap shoot, but sometimes you can throw a 7 or 11 on the come out roll. Not today though. ;-(>NEW YORK, March 17 (Reuters) - Netpliance Inc. <NPLI.O> rose 25 percent after its shares began trading Friday on Nasdaq, becoming one of the first companies to go public in the growing consumer Internet appliance sector. The Austin, Texas-based company makes an Internet device, known as the i-opener, that consumers can plug in for direct Internet access without using a personal computer. "They are one of the pioneers in this area," said Emily Meehan, a senior analyst at Yankee Group. "There will be a lot of different devices out there, but there is a lot of room to grow. Netpliance is in a good position." Netpliance stock rose to 21-1/2, up 3-1/2 from its initial offering price. The company saw a more tepid gain than many other technology-related initial public offerings of late. "It's a question of how consumers will respond to the product so there might be some hesitation with Netpliance stock," said Kenan Pollack, a money editor at Hoover's Online. "You have a watered-down computer, it's great for getting onto the Web but not for doing much else." The company offered eight million shares at $18, raising $144 million through the deal. The offering price range was lifted to $17-$18 per share from $13-$15, according to lead underwriter Donaldson Lufkin & Jenrette. Netpliance offered a roughly 13 percent stake to the public and plans to use proceeds for working capital, general corporate purposes and other operating expenses, including sales and marketing. The company, which has about 60.5 million shares outstanding, has a market capitalization of $1.3 billion based on its current stock price. Netpliance posted a net loss of $27.3 million from its inception in January 1999 through Dec. 31, 1999. 13:01 03-17-00