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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Mike E. who wrote (11908)	8/29/2000 3:38:40 PM
From: BarbaraT	Read Replies (1) \| Respond to of 49816

ACPW took out it's high ... here is a partial report: IPO VIEW-Energy firms power into new-issues market August 27, 2000 1:47pm Source: Reuters By Denise Duclaux NEW YORK, Aug 27 (Reuters) - Energy companies are powering their way into the new-issues market as Wal Street sees money to be made off of the skyrocketing electricity and oil prices. Investors are already homing in on companies that power the booming digital economy. Indeed, shares of O2Micro International Ltd. <OIIM.O>, which helps laptop computers, cell phones and other devices run longer on battery power, more than doubled from their $9 offering price in their first trading day last week. Active Power Inc. <ACPW.O>, whose products are sold to Internet service providers, semiconductor makers and others who need reliable backup power, closed at 47-3/4 on Friday, almost three times its $17 offering price in early August. Power generator company Capstone Turbine Corp. <CPST.O>, which priced its shares at $16 each in late June, closed at $82 on Friday. "I see no sign of it letting up, the demand on electricity is just going to go up as people continue to move to areas that are going to require more air conditioning and buy more and more devices," said Kenan Pollack, money editor at Hoover's Online.