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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: Ferick who wrote (10778)	5/19/1999 9:33:00 PM
From: Maverick	Respond to of 19079

NCI Files $100M Of Stock For IPO,ORCL owns 59.24% Liberate Tech Files $100M Of Stock For IPO, Oracle/AOL Have Stake (NewsTraders.com)-- Liberate Technologies (former NCI)is registering to sell up to $100 million of common stock for an initial public offering, according to an original S-1 filing released by the SEC this afternoon. The company didn't disclose the exact number of shares that will be offered or an expected price range in the preliminary regulatory document. Liberate provides standards-based software that serves as a platform for the delivery of Internet-enhanced content and applications to a broad range of information appliances, such as television set-top boxes, game consoles, smart phones and personal digital assistants. Oracle (ORCL) currently has a 59.24% stake in the firm, while America Online's (AOL) Netscape unit controls a respectable 11.39% slice. The company plans to use the proceeds for working capital purposes, including product development and other working capital requirements. CS First Boston is the lead underwriter in the IPO. IPO Expectations: Price per share: Unknown Shares being offered: Up to $100 million of common stock Shares to be outstanding: Unknown Company location: Redwood Shores, Calif. Exchange/Symbol: Nasdaq/LBRT Underwriter(s): CS First Boston; Hambrecht Quist; Charles Schwab [ORCL as the parent co. will explode to the upside as we have seen this with MALL & UBID, DBCC & MKTW, ZD & ZDZ, NAVR & NetRadio, FLAS & its parent]