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Technology Stocks
Universal Access(UAXS)
An SI Board Since March 2000
Posts SubjectMarks Bans Symbol
2 0 0 UAXS
Emcee:  joshi Type:  Unmoderated
Introduction Market Data Compact
Universal Access Inc. shares raced up 167 percent following its initial offering. Universal (UAXS: news, msgs)
priced 11 million shares at $14 per share on Friday morning.
Shares raced to 40 1/4, then retreated back to 34. Currently, the stock is trading at 37 1/2, up 23 1/2 overall. Universal operates as an unaffiliated telecom intermediary,serving telecom carriers and Internet service providers that quickly need additional circuits to meet demand. Universal also runs an information exchange on the Web that offers network capacity from some 35 telecom service providers.

Goldman, Sachs & Co., Chase H&Q and Robertson Stephens were the managing underwriters for the offering.
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