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Strategies & Market Trends : IPO Boycott -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (60)	1/25/2001 11:39:20 AM
From: D.Austin	Respond to of 61

Hi ya Kevin or at least they withdraw totally.DLJ needs MO IPO----d.a Tuesday January 23, 5:39 pm Eastern Time Software company Synchronicity withdraws planned IPO WASHINGTON, Jan 23 (Reuters) - Synchronicity Inc. (Nasdaq:SNCY - news) on Tuesday abandoned its plan for an initial public offering of 3.5 million shares of its common stock in an estimated price range of $9 to $11 a share. In a filing with the U.S. Securities and Exchange Commission, the Marlboro, Mass.-based firm did not provide a reason for withdrawing its $31.2 million IPO but said the move was ``consistent with the public interest and the protection of investors.'' The company, which provides Internet-based software for developers of semiconductors and other electronics, had hired Donaldson, Lufkin & Jenrette to lead a group of underwriters to manage the offering. It had sought a Nasdaq listing under the symbol ``SNCY.'' biz.yahoo.com ==========then I'll go back in time,about 1 year.====== --------------------------------------------------------- February 18, 2000 SYNCHRONICITY INC (SNCY) S-1 Filing (SEC form S1) We provide internet-based software products that enable enterprise-wide and business-to-business collaboration among participants in electronic product development supply chains. Our products are currently used by firms engaged in the development of semiconductors and other electronic products. We believe that our products enable companies to develop feature-rich, complex products at lower cost and in less time. Since October 1997, when we shipped our first product, we have licensed our products to approximately 50 companies worldwide, including eight of the ten largest semiconductor companies. The growth of the new digital economy has been fueled in large part by the rapid development of new complex semiconductors, microelectronics and other electronic products, which are essential to an increasing number of products ranging from computers and mobile phones to personal digital assistants and pagers. According to the Semiconductor Industry Association, the semiconductor segment of the electronics industry alone was $140.8 billion in 1999. Competition within the electronics industry has become more intense and has expanded globally. In order to compete successfully, suppliers of electronic products must develop complex, high quality, feature-rich products at a lower cost and more quickly than their competitors. The competitive environment and the increasing complexity of electronic products have compelled companies to shift from traditional in-house product development processes to the outsourcing of specialized design tasks. As a result, development teams are quickly evolving into product development supply chains, often including many engineers from different departments in a company as well as outside sources of specialized design expertise. In addition, as the electronic development process has become more design-specialized and reliant on outsourcing, companies have increasingly utilized intellectual property (IP) cores, design elements that are frequently reused within electronic product designs. The practice of design reuse allows companies to focus on their primary design expertise and to shorten product development cycles. While the outsourcing of design tasks and the implementation of design reuse practices enable companies to get to market quickly with reliable, cost-effective products, electronic product development teams and their supply chains face growing challenges including promoting and managing supply chain collaboration, managing complex design iterations and coordinating the reuse of intellectual property. We have designed our products to address these new challenges confronting participants in the electronic product development process. Our products create an environment in which all members of an electronic product development supply chain may collaborate as a single virtual project team. When using our products, a virtual project team can function within a secure, internet-based environment regardless of the corporate affiliation or geographic location of its members. We have designed our products to handle the large volumes of simultaneous and interactive changes which occur to design information during the development process. Our products also enable and encourage design reuse and the use of third-party IP cores. This allows companies to focus on their core competencies while decreasing their development costs and time-to-market. In addition, our products are designed to integrate with and complement existing design tools and preserve our customers' existing investments in technology. We intend to be the leading provider of solutions that enable enterprise-wide and business-to-business collaboration within complex product development supply chains. Key elements of our growth strategy include enhancing the functionality of supply chain collaboration, leveraging our installed customer base and increasing the proliferation of our products through network effects. We also aim to expand our strategic relationships, pursue additional market opportunities and extend our global presence. While our software is currently used in the development of electronic products, we believe that it may be equally useful in the development of other complex products.