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Technology Stocks : Mpath Interactive, Inc. (MPTH) -- Ignore unavailable to you. Want to Upgrade?

To: Lao Ou who wrote (16)	4/25/1999 3:40:00 PM
From: neverenough	Respond to of 243

April 25, 1999 14:51 IPO VIEW - Demand for Internet IPOs still intact By Reshma Kapadia NEW YORK, April 25 (Reuters) - Although Internet stocks suffered a setback early last week, their quick recovery has left the demand for Internet initial public offerings intact, analysts and syndicate managers said. Early last week, the Nasdaq stock index recorded its second worst point decline, falling to 2345.61, as Internet stocks tumbled amid a shift out of technology stocks. "Generally, there was sentiment on Wall Street that there could be further downside (early in the week) but then the (slip) subsided and the demand came back right away," said Pat Ash, of C.E. Unterberg Towbin's syndicate desk. Internet issues that went public late last week met strong demand. Both Launch Media Inc. and Net Perceptions Inc. jumped after their IPOs on Friday. Although investors will have to wait a couple weeks for largely-awaited Internet IPOs such as barnesandnoble.com and thestreet.com, this week's calendar will offer a handful of offerings for the Internet-hungry investor. MPath Interactivem Inc., which makes technology for online communities and operates an online community, and digital communications firm Razorfish Inc. are expected to draw strong interest. Software firm Applied Theory Corp. is slated to offer 4.5 million shares for $12 to $15 this week. Also, Marimba Inc., which provides Internet-based software management solutions, will offer 4 million shares in an expected range of $13 to $15. Marimba, another deal that has received some buzz, is led by Kim Polese, one of the few female chief executives in Silicon Valley. Mountain View, Calif.-based MPath is slated to offer 3.9 million shares in a range of $10 to $12 through lead underwriter, and Razorfish is expected to offer 3.0 million shares in the same price range through lead underwriter Credit Suisse First Boston. New York-based Razorfish offers broadband satellite development applications; its clients include Walt Disney and Charles Schwab Corp., analysts said. However, analysts said Razorfish was beaten to the punch by Proxicom Inc., which went public early last week at $13 per share. Still, Razorfish's IPO is still expected to generate interest, with analysts noting its artistic sites. "There is always an advantage to being the first mover," said Steven Tuen, an analyst at IPO Value Monitor. "Razorfish has been able to elevate their brand name better, and it has a reputation for doing quality creative processes." MPath is also expected to be another hot issue this week. "It is blazing the trail. It's different because it takes the whole community experience by allowing live interaction, not just posting messages. It is a real-time experience and their computer games allow the user to play against other people," said Randall Roth, an analyst at Renaissance Corp.'s IPO Fund. The company not only uses their technology on their site but also licenses it to others. "It has a technology lead that some say is like the one Broadcast.com Inc. had a while back. That is where MPath is. It is leading the charge," Roth added. On the non-Internet front, executive search firm Heidrick & Struggles International Inc. is slated to offer 4.2 million shares in a range of $14 to $16 through lead underwriter Lehman Brothers. Venerable auction house Butterfield & Butterfield will offer 1.5 million shares in a range of $10 to $12 this week through lead underwriter Van Kaspar & Co. "It will be interesting to see how they perform. We have had some quality companies going public that have had lackluster performances. They should be a good barometer," for non-Internet issues, said Barbara Bradley, managing director at Laidlaw Equities Inc. Butterfield & Butterfield is third in size to Sotheby's and Christie's. The auctioneer that has been around since the 1800s recently signed a partnership with eBay Inc. and plans to expand its online auction presence. ((Reshma Kapadia, Wall Street Desk (212) 859-1892))

To: Lao Ou who wrote (16)	4/28/1999 4:10:00 PM
From: Lao Ou	Read Replies (1) \| Respond to of 243

Wednesday April 28, 11:54 am Eastern Time MPath raises IPO price range to $14-$16 NEW YORK, April 28 (Reuters) - In a sign of strong demand, MPath Interactive (MPTH - news), a Web software developer targeting males 13 to 50 year old, raised the price range for its initial public offering to $14 to $16 per share from $12 to $14, the lead underwriter said Wednesday. MPath, which develops software for gaming sites on the Web, is expected to be among the hottest IPO deals this week. It will price 3.9 million shares with the help of lead manager BancBoston Robertson Stephens. The Mountain View, Calif.-based company operates Web sites such as mplayer.com, a gaming site that offers interactive, multi-player games. Almost 90 percent of the users of the company's gaming communities are male, representing one of the highest concentrations on the Web, according to the newsletter IPO Reporter. MPath also offers casino and board games. Marimba (MRBA - news) is another software IPO anticipated among investors this week. Marimba intends to price 4 million shares at $13 to $15 per share with the help of lead underwriter Morgan Stanley Dean Witter.