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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Stephen who wrote (5403)2/4/1999 4:24:00 AM
From: puborectalis  Respond to of 99985
 
Modem Media.Poppe Tyson has raised the price range on its IPO, which is expected to price tomorrow.

The company will now sell its 2.6 million shares in a range between $13 and $15, for potential maximum of
$39 million. The previous range had been between $11 and $13.

The Internet advertising firm, a subsidiary of True North Communications, has offices in New York, Chicago,
San Francisco, Hong Kong and London.

It originates Internet ads and also tailors ad campaigns which are originally intended for television and print to
fit in on the Web. Its clients include: Amazon.com; AT&T; Citibank; Delta Air Lines; E*Trade; IBM; Intel;
Intuit; Sony and Unilever.

The offering is being led by BancBoston Robertson Stephens, with Nationsbanc Montgomery Securities and
Bear, Stearns assisting.

Shares will be listed on the NASDAQ under the symbol "MMPT".