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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (25632)	10/18/2000 3:18:37 PM
From: GS_Wall Street	Read Replies (1) \| Respond to of 42804

Looks like this company is in the neighborhood of MRVC. Hopefully Luminent will get the same respect. Ixia surges 83 percent after Nasdaq debut NEW YORK, Oct 18 (Reuters) - Shares of Ixia Inc. (NasdaqNM:XXIA - news), which provides computer network performance analysis systems, surged more than 83 percent on Wednesday after beginning to trade on the Nasdaq. Its stock rose to $23-3/4 on the Nasdaq, up $10-3/4 from its higher-than-expected initial public offering price. The stock ranked as the top percentage gainer on the tech-dominated Nasdaq. Meanwhile, the Nasdaq composite index (^IXIC - news) gained 0.82 percent to 3,240 after tumbling more than 5 percent. Ixia offered 5.5 million shares at $13, above its expected range of $10-to-$12 per share, according to underwriter Merrill Lynch. The Calabasas, Calif.-based company raised $71.5 million. Ixia said in a filing with the Securities and Exchange Commission that it will use the proceeds of the IPO for general corporate purposes, possible acquisition and investments. The company, which provides systems that let customers measure the performance of their data communications equipment and networks, has a market capitalisation of $1.3 billion based on 52.8 million shares outstanding and its current stock price.