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To: Randy Ellingson who wrote (105683)	6/29/2000 5:15:00 PM
From: 10K a day	Read Replies (2) \| Respond to of 164684

Message 13530094

To: Randy Ellingson who wrote (105683)	7/1/2000 11:08:40 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Randy, Cpst IPO'd this week. Have you noticed alternative energy stocks are in demand? Maybe its because California is looking at possible electrical gridlock this summer. >New York, June 29 (Bloomberg) -- Capstone Turbine Corp. raised $145.5 million in its initial public offering after yesterday increasing the sale by a third. Capstone, a maker of small generators, sold 9.1 million shares at $16 each, at the top end of its most recent indicated range of $14 to $16. Woodland Hills, California-based Capstone previously expected to sell the shares at $10 to $12 apiece. The increased offering augurs well for Capstone shares. The few other companies to boost their IPOs the past few weeks have seen their shares surge in trading. Accelerated Networks Inc. last week raised its offering and its shares have since tripled. With Capstone, investors are anticipating surging demand for power generators from automakers, power companies and small businesses. Shares of Plug Power Inc., which makes a generator powered by fuel cells, have almost quadrupled since the company's October IPO. ``Plug Power really shook the market up with its new, alternative power,' said Ross Sakamoto, a fund manager at Symphony Asset Management, which runs the Chase H&Q IPO and Emerging Company Fund. ``There are great new hopes for having a competitive utility for power.'' Most other companies are being forced to reduce their offerings because of lackluster demand from investors still smarting from a slump in technology stocks, particularly new issues. The Bloomberg IPO index is trading at about 43 percent below its March peak.