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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (54792)	7/16/2000 7:27:11 PM
From: Rob-Art	Read Replies (1) \| Respond to of 150070

SHPS FROM RB ACCESSTEL - SHPS MERGER TIMING GOOD! IPO Watch: 16 New Issues Slated For Next Week By Lynn Sherman The IPO market isn't known for being particularly busy in summer. But ever since the market came to a screeching halt last spring, many companies have been waiting in the wings to go public. Now they have their chance. Market sentiment has improved to the point that 16 companies feel confident they can price their IPOs next week. These deals are tiny though--with a combined value at roughly $1.2 billion. They might be overshadowed, however, by the 23 deals on tap for the following week, some of which are larger. The biggest deal on the horizon is the multibillion dollar IPO for America Online-Latin America, which is expected to price the week of July 31. At least three deals pricing next week could pop--or experience a strong run up on their first day of trading, according to Jeff Hirschkorn, senior analyst at IPO.com. ``The IPO market is back but in a more selective form,'' he says. So what looks good next week? Wireless communications service provider Airspan Networks (proposed nasdaq ticker: AIRN) is Hirshkorn's favorite, but he says the prospects are also bright for Corio (proposed nasdaq ticker: CRIO) and SMTC (proposed nasdaq ticker: SMTX). Airspan is expected to sell five million shares for $9 to $11 each. But the strong demand for wireless offerings could very well prompt lead underwriter CS First Boston to raise that price. The company derives a solid 42% of its sales from clients in the developing European market, one that is crucial to U.K.-based Airspan's business. In addition, the company is backed by noteworthy venture capitalist firms Oak Investment Partners and DB Overseas Holdings. One drawback: The company's negative cash flow is expected to continue for at least 36 months. Meanwhile, application service provider Corio, which hosts company resource software, is finding strong demand for its services from big names including PeopleSoft (Nasdaq: PSFT - news) and Siebel Systems (Nasdaq: SEBL - news). This firm has very strong venture capital backing--both Kleiner Perkins Caufield Byers and Norwest Venture Partners currently own a little more than 30% of Corio and will still hold about 18% of the company after the planned sale of 10 million shares. Lead underwriter Goldman Sachs is expecting to price those shares for $11 to $13 each. SMTC--one of the 15 largest electronic manufacturing services companies worldwide--should benefit from the fact that the overall market for these services is expected to grow at a compound annual rate of 20% until 2003, according to Technology Forecasters, an industry consultant. Dell (Nasdaq:DELL - news), IBM (NYSE: IBM - news) and Lucent (NYSE: LU - news) are among the largest of its 50 clients. Boston-based venture capitalist Bain Capital holds 32% of the company, but that figure will drop to about 8% if next week's expected sale of 9.63 million SMTC shares is completed. Joint lead managers Lehman Brothers and Canada-based RBC Dominion Securities are expected to price those shares at $12 to $14. Telecom stocks, particularly fiber optic and wireless plays, are generating much of the excitement in the IPO market now, says Hirschkorn. Sunrise Telecom (Nasdaq: SRTI - news) and Triton Network (Nasdaq: TNSI - news) gained 169% and 156% respectively, when they debuted July 13. Other deals scheduled for next week: Account4.com (proposed nasdaq ticker: AFOR), Argonaut Technologies (proposed nasdaq ticker: AGNT), Clearwave (proposed nasdaq ticker: CLRW), Decode Genetics (proposed nasdaq ticker: DCGN), Digital Holdings (proposed nasdaq ticker: DIUN), Eroomsystem (proposed nasdaq ticker: ERMS), Evoke (proposed nasdaq ticker: EVOK), Infinite Technology Group (proposed nasdaq ticker: ITGL), Support.com (proposed nasdaq ticker: SPRT), Talarian (proposed nasdaq ticker: TALR), Transgenomic (proposed nasdaq ticker: TBIO), Variagenics (proposed nasdaq ticker: VGNX) and Vascular Solutions (proposed nasdaq ticker: VASC). Go to forbes.com to see all of our latest stories.