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To: Glenn D. Rudolph who wrote (60450)6/4/1999 10:15:00 AM
From: H James Morris  Respond to of 164684
 
Glenn, off topic. Here's another one to watch.
Good elephant H&Q, Seattle based got 100 shares @10. Watch it go.
>>
NEW YORK, June 4 (Reuters) - Web company F5 Networks Inc. priced an initial public offering of 3 million shares at $10 a share, at the lower end of the expected range, according to co-lead underwriter Dain Rauscher Wessels.

The three-year-old Seattle-based Internet software company sells Web traffic management systems to Internet service and content providers.

Hambrecht & Quist, BancBoston Robertson Stephens and Dain Rauscher Wessels are the underwriters.

F5 backers include Menlo Ventures and IDG Ventures, which invested a total of $7.7 million in the company last year.

F5 customers include MCI WorldCom Inc. <WCOM.O> and Egghead.com Inc. <EGGS.O>.

F5 said it lost $3.7 million in the fiscal year ended Sept. 30, 1998, on sales of $4.9 million. In the quarter ended Dec. 31 it lost $2.2 million on sales of $2.7 million.<<