Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Blast from the Past! Favorite News Items from the Bubble! -- Ignore unavailable to you. Want to Upgrade?

To: TheStockFairy who wrote (2)	4/5/2002 12:52:59 PM
From: TheStockFairy	Read Replies (1) \| Respond to of 13

Shares of MP3.com (Nasdaq: MPPP) rocketed more than 27 percent on Friday, gaining 9-1/2 to 44-9/16, after the digital music destination site announced a deal with streaming media company RealNetworks (Nasdaq: RNWK). MP3.com will weave the music available on its site into RealNetworks' RealJukebox, which has more than 10 million users. MP3.com stock also benefited from the buy rating it received from Soundview Technology on Friday. MP3.com has been an extremely volatile stock since going public at $28 on July 20. The stock climbed as high as $105 in its first day of trading, before falling extremely hard in following weeks and trading as low as 23-5/16. With a current market value of more than $3 billion, MP3.com looks a bit pricey. The company had revenues of just $1.9 million and a net loss of $6.5 million for the second quarter of 1999. It's going to take some serious growth to justify this valuation.

To: TheStockFairy who wrote (2)	4/5/2002 2:09:55 PM
From: TheStockFairy	Respond to of 13

The initial public offering of VA Linux Systems (Nasdaq: LNUX), which develops servers and workstations that are designed for Linux, racked up the best first-day performance in history Thursday, gaining a stunning 697.5 percent. The initial public offering was priced at $30, the top of its revised range of $28 to $30, after an original range of just $11 to $13. The stock gained 209-1/4 to close at 239-1/4 on Thursday after opening at 299 and trading as high as 320. The performance supplants TheGlobe.com's 606 percent climb (November 13, 1998) as the highest first-day percentage gain in history. Clearly, the fervor surrounding the Linux operating system is growing. VA Linux's performance also reinforces the fact that the current IPO market is like nothing we have ever seen. According to Hoover's Online, nine of the top 10 first-day performances have occurred in the last year -- and four of those have happened in a little more than a month. Unlike TheGlobe.com, VA Linux's stock will probably not fall back near its offering price. The company has an impressive list of customers including IBM, Cisco Systems, eToys and Inktomi -- and Intel is a major shareholder.