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To: Lizzie Tudor who wrote (59664)	6/1/1999 4:53:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Michelle, let me think about that. Do you know any thing about Mcsw. It's a H&Q IPO coming out this week, to me it looks awful attractive. >> Washington, May 28 (Bloomberg) -- Mission Critical Software Inc., a maker of computer-network management programs, filed for an initial public offering to raise as much as $60.4 million for the software company and selling shareholders. The Houston-based company specializes in management software for networks using Microsoft Corp.'s Windows NT operating system. The company said an increasing number of companies are using Windows NT to run their networks and Web sites, citing market data compiled by Forrester Research Inc. Mission Critical, founded July 1996, now is developing its products to work with the next-generation Windows 2000 operating platform, according to its IPO filing with the Securities and Exchange Commission. It also plans to begin offering software packages that work with other operating systems. Like many technology companies, Mission Critical is seeking to go public before it has produced profits. Still, it's moved closer recently, with its net loss narrowing to $222,000 in the three quarters ended March 31 from $2.3 million in the same nine- month period a year ago. Meanwhile, sales increased 83 percent to $16.9 million from $9.2 million, according to the filing. The company didn't say how many common shares it plans to sell or what price it will seek for the stock in its IPO, which it filed to the SEC today. The $60.4 million estimated top value for the offering was provided only as a basis for calculating the SEC filing fee and includes stock being sold by unspecified current shareholders. New Enterprise Associates of Menlo Park, California, is the top shareholder, with a 20 percent stake. The New York-based Zesiger Capital Group LLC holds 18 percent, the filing said. Mission Critical, headed by Chairman and Chief Executive Michael S. Bennett, didn't say how much it expects to receive from its portion of the stock sale. It also listed no specific uses for the money, aside from ''working capital and general corporate purposes.'' Still, the filing said some of the funds could be used for acquisitions although the company isn't in any buyout talks now. The company hired Hambrecht & Quist LLC to underwrite the stock sale, with BancBoston Robertson Stephens Inc. and SoundView Technology Group Inc. Mission Critical plans to have the shares listed for trading on the Nasdaq Stock Market under the symbol MCSW, its S-1 registration statement said. May/28/1999 18:41 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. <<