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Technology Stocks : Network Engines, Inc. (NENG) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (1)	7/12/2000 8:12:37 PM
From: Glenn Petersen	Respond to of 49

NENG priced at $17 per share: biz.yahoo.com Wednesday July 12, 7:52 pm Eastern Time Network Engines Inc. prices IPO at $17, top of range NEW YORK, July 12 (Reuters) - Web server appliances manufacturer Network Engines Inc. (NasdaqNM:NENG - news), which made a last-minute change to its pricing expectations and the number of shares it would sell, priced 6.5 million shares at $17 on Wednesday night, at the top of its revised range. The Canton, Mass.-based company raised a total of $110.5 million in its initial public offering. Earlier in the day, the company changed its price range to $16-$17 per share from $13-$15 per share, and boosted the amount of shares it would sell to the public to 6.5 million from 5.5 million. Lead underwriters Donaldson, Lufkin & Jenrette declined to comment on the reason for the changes. The company, which will trade on the Nasdaq exchange under the symbol ``NENG,'' plans to use the proceeds for potential acquisitions of businesses, technologies, or products, additional working capital and general corporate purposes.