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To: Olu Emuleomo who wrote (106848)	8/1/2000 3:13:12 PM
From: ftian	Read Replies (1) \| Respond to of 164684

Olu, what do you think about ARBA and JDSU technically? How low can they go within the next 2 or 3 weeks?

To: Olu Emuleomo who wrote (106848)	8/1/2000 8:53:13 PM
From: H James Morris	Respond to of 164684

I didn't sell SunW! I just moved the shares into a trust which I will no longer control. Tlgd? Insider selling? Newp? Btw >NEW YORK (Reuters) - SpeechWorks International Inc. (SPWX.O) spoke the language of discerning investors in its initial public offering on Tuesday, winning them over with speech-recognition software and high-profile pacts that drowned out the day's other new issues. Stock of the company, whose software allows callers to get data or complete transactions without another human on the other end of the phone, almost tripled in value on the technology-rich Nasdaq. The shares surged more than 183 percent to close at 56-3/4, easily landing the title of top percentage gainer on the Nasdaq. ``Speech recognition is not a new idea, but there are a number of factors out there that are creating an explosive market opportunity,'' said Katherine Egbert, an analyst at Thomas Weisel Partners, explaining that the advanced software can now interpret human speech with a roughly 95 percent level of accuracy. Egbert added that the speech-recognition market is estimated to be worth roughly $12 billion in the next five years. She pointed out that Nuance Communications Inc. (NUAN.O), a competitor of SpeechWorks, is trading at more than $129 -- sharply higher than its April initial public offering price of $17 each. SpeechWorks has marketing and technology pacts with telecommunications giant AT&T Corp. (T.N), Internet services heavyweight America Online Inc. (AOL.N) and Web telephony company Net2Phone Inc. (NTOP.O). Those deals also make the three companies minority investors in SpeechWorks. ``SpeechWorks really got hot with those deals,'' said Francis Gaskins, editor at IPO research site www.gaskinsco.com. ''SpeechWorks announced all those deals in June. It's always good when an IPO does interesting things during their IPO period, the dull ones come out and do nothing.'' SpeechWorks sold 4.75 million shares at $20 per share, above an already boosted pricing range of $17 to $19 per share, according to underwriter Chase Hambrecht & Quist. The company raised $95 million through the deal. SpeechWorks' customer list includes Apple Computer Inc. (AAPL.O), WorldCom Inc. (WCOM.O) and Nortel Networks Corp. (NT.N). The Boston, Mass.-based company boosted its number of employees to 246 as of June 20 from 86 as of December 31, 1998, according to a Securities & Exchange Commission filing. SpeechWorks had total revenue of $5.1 million and a net loss of $6.1 million for the three-month period ended March 31, compared with $3.3 million in revenue and a net loss of $2.5 million in the year-ago period. The company has a market capitalization of about $1.65 billion based on 29 million shares outstanding and its closing stock price.