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To: Ausdauer who wrote (12919)7/14/2000 12:28:09 PM
From: Road Walker  Respond to of 60323
 
A little off topic:

Friday July 14, 11:54 am Eastern Time
OmniVision rockets more than 140 percent in IPO

NEW YORK, July 13 (Reuters) - Shares of OmniVision Technologies Inc. (NasdaqNM:OVTI - news), whose image sensors are used in digital cameras and other devices, soared more than 140 percent on Friday after the company made its Nasdaq debut.

Stock of the Sunnyvale, Calif.-based company climbed $18 to $31 in the late morning from its higher-than-expected offering price of $13 per share. Stock of the company landed at the top of Nasdaq's list of percentage gainers in heavy trading.

The company priced at $13 on Thursday, well above the estimated price range of $9 to $11 per share for the initial public offering, according to lead underwriter Robertson Stephens.

The company raised $65 million by selling 5 million shares. OmniVision has about 21.2 million common shares outstanding after the offering, placing its market capitalisation at about $657.2 million based on its current stock price.



To: Ausdauer who wrote (12919)7/14/2000 12:33:15 PM
From: Cardin Drake  Read Replies (2) | Respond to of 60323
 
Ausdauer, Leadtimes are running in excess of 20 weeks. They will ship everything that they produce. Q3 and most of Q4 is already booked. BTW, that is true for most other semiconductor companies as well.