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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (1530)	7/28/1998 2:41:00 PM
From: Essam Hamza	Respond to of 2534

Here we go :) (ELON) 1.8Million traded already. Alya bid/ask moving up slowely now also. (BSNS WIRE) Echelon Corporation Announces Initial Public Offering Echelon Corporation Announces Initial Public Offering Business Editors/Technology Writers PALO ALTO, Calif.--(BUSINESS WIRE)--July 27, 1998--Echelon Corporation (NASDAQ:ELON) today announced the initial public offering of 5,000,000 shares of its Common Stock at an initial public offering price of $7.00 per share. In addition, the company has granted the underwriters an option to purchase an additional 750,000 shares of Common Stock solely to cover over-allotments, if any. The managing underwriters of the offering are NationsBanc Montgomery Securities LLC, BancAmerica Robertson Stephens, and Volpe Brown Whelan & Company, LLC. Echelon Corporation offers a full range of off-the-shelf hardware and software products to support the development, installation and management of open, interoperable distributed control networks. A control network enables any group of electrical devices, called nodes, to be linked together to implement sensing, monitoring, control, and communications capabilities for a variety of commercial, industrial, and residential automation applications. A registration statement relating to these securities was filed with and declared effective by the Securities and Exchange Commission. This communication shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. A Prospectus relating to these securities may be obtained from NationsBanc Montgomery Securities LLC, 600 Montgomery Street, San Francisco, CA 94111, 415/627-2220. Note to Editors: Echelon, the Echelon logo, and LonWorks are registered trademarks of Echelon Corporation registered in the United States and other countries. Other trademarks belong to their respective holders. --30--aj/sf* ms/sf CONTRACT: Echelon Corporation Maureen Rathjens, 650/855-7402 (Press) mrathjens@echelon.com Chris Stanfield, 650/855-7443 (Investor Relations) stanfield@echelon.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *