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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Redhook who wrote (72553)	4/30/1999 10:47:00 AM
From: Michaelste	Respond to of 119973

MRBA issuing noon?? NVDM starting its run now. Only sifference is MRBA is coming out as an internet play and NVDM is a spftware play. They wrun very similar packages. see the following from btiefing.com. MARIMBA INC (MRBA): Shares of Mountain View, CA-based provider of Internet-based software management solutions are scheduled to make their Wall Street debut tomorrow. Marimba's Castanet product family allows companies to distribute, update and manage applications and related data over corporate intranets, extranets and the Internet. The company was founded by several members of the original Java development team at Sun Microsystems (SUNW)... The Offering: Marimba is planning to sell 4 million shares at $16-$18. The proposed range was raised earlier this week from $13-$15. Of the shares being offering, approximately 11% being sold by shareholders. Morgan Stanley Dean Witter is running lead, with CS First Boston, BT Alex Brown and Hambrecht & Quist serving as co-managers... Financials: For the year ended Dec. 31, MRBA reported a loss of $0.59 a share ($5.68 mln), slightly narrower than the company's full year 1997 net loss of $1.57 ($7.72 mln). Revenue rose 207% to $17.09 million. In 1998, sales through a reseller agreement with Netscape accounted for approximately 22% of total revenues. Going forward, MRBA does not expect any material revenues from the recently-acquired company, as Netscape is no longer an active reseller... Competition: Publicly-traded competitors include Computer Associates (CA), Novadigm (NVDM) and Sterling Commerce (SE). The average trailing Price/Sales ratio among these three companies is 5.3. Based on a $15 IPO price, MRBA would carry a Price/Sales ratio of 19.9. The dramatic difference in valuation can be attributed to Marimba being touted as an Internet pure-play, where as CA, NVDM and SE are seen as vanilla software companies with an e-business presence. What a difference a little packaging makes.