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To: BarbaraT who wrote (6025)11/6/2000 4:08:18 PM
From: nokomis  Respond to of 8046
 
think CSCO wait & see jitters set in during the last few minutes ?? ..keeping fingers crossed...(gulp) ..however the good news is that I got NEOF much cheaper than I thought I'd have to pay! ....took profits on JNPR 'tho, as I wasn't going to part with those profits (just in case)...



To: BarbaraT who wrote (6025)11/6/2000 7:04:46 PM
From: bkcraun  Respond to of 8046
 
Monday November 6, 6:28 pm Eastern Time
Transmeta prices IPO at $21 per share, well above range
NEW YORK, Nov 6 (Reuters) - Shares of Transmeta Corp. (NasdaqNM:TMTA - news) priced at $21 per share, well above the estimated price range, in the chipmaker's highly anticipated initial public offering on Monday.

The company raised $273 by selling 13 million shares at the $21 per share offering price. The estimated price range was $16-$18 per share, raised on Friday from $11-$13 per share.

Santa Clara, Calif.-based Transmeta plans to use the proceeds for working capital and general corporate purposes. Morgan Stanley Dean Witter and Deutsche Banc Alex. Brown served as lead underwriters on the deal.

The company produces the Crusoe chip, which uses software to perform many of the functions normally handled by tiny transistors. International Business Machines (NYSE:IBM - news) said last week it had cancelled its plans to use the chip in one of its laptops, but Gateway Inc. (NYSE:GTW - news) and America Online Inc. (NYSE:AOL - news) have said they plan to use the Crusoe chip in an Internet-access device.



To: BarbaraT who wrote (6025)11/6/2000 9:15:17 PM
From: Teri Garner  Read Replies (1) | Respond to of 8046
 
Barbara, there was a rumor that Goldman took a 144 seller out of a million share + position. That was some hatchet job in just a few minutes...