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To: Bill Harmond who wrote (26206)	11/9/2005 4:19:58 PM
From: bob zagorin	Read Replies (2) \| Respond to of 57684

in the last two days i've added to ALNY and bot HGSI two more biotechs... sold CPHD after nice run but would like to get it back again lower....

To: Bill Harmond who wrote (26206)	11/9/2005 10:16:20 PM
From: stockman_scott	Respond to of 57684

Saifun soars in Nasdaq debut _____________________________________________ by George White TheDeal.com 9, Nov 2005 One of Israel's most successful semiconductor startups, Saifun Semiconductors Ltd., made its Nasdaq debut on Wednesday, Nov. 9, in a $104 million initial public offering that provides a hefty profit for the company's venture capital investors. The chipmaker priced a dollar above the expected range, unusual in recent VC-backed IPOs. The five million shares Saifun sold were slated to fall within a proposed range of $20.50 to $22.50, but keen investor interest pulled the pricing up to $23.50 a share, valuing the company at $726.5 million. Shares of the stock, which now trades on Nasdaq under the ticker SFUN, soared 45% in first-day trading, opening at $31.18 and rising as high as $34 a share in midday trading. Lehman Brothers Inc. is acting as sole bookrunner, with Deutsche Bank Securities Inc. acting as co-lead manager. CIBC World Markets Inc., William Blair & Co. and Raymond James are acting as co-managers. Saifun expects to receive net proceeds of approximately $104.8 million from the offering and has granted the underwriters an option to purchase up to an aggregate of 750,000 ordinary shares to cover overallotments. Shares not sold in the offering are subject to a 180-day lockup after the completion of the offering. Major stakeholders cashing out through the offering include IDB Holding Corp. Ltd., whose stake went to 9.9% from 12.5%; Gemini Israel Funds, whose holding went to 7.1% from 9%; Concord Ventures, which holds 5.8%, down from 7.5%; and Argos Capital Appreciation Master Fund LP, which will own 5.2%, down from 6.6%. The Netanya-based semiconductor company raised roughly $65 million in venture capital funding over two rounds since starting up in 1997. The bulk of Saifun's financing came in a $40 million round in October 2000 that valued the company at $400 million.