RealTime IT News

Linux to Recapture IPO Spotlight

Next week's IPOs will bring a return of Linux mania.

Caldera Systems manufactures software products, specialized servers and Internet access devices designed specifically businesses. In 1999, the company's OpenLinux technology received Linux Journal's Product of the Year award at Comdex and Network Computing's Well-Connected Award for Best Network Operating System.

The proposed ticker symbol is CALD. Robertson Stephens is the lead underwriter for the 5 million share offer. The price range is $7 to $9.

FairMarket offers a private-label online auction solution on a central system. This helps businesses to have custom-branded Internet auction sites without making a significant investment in technology and staff. Think of it as an auction ASP (application service provider).

FairMarket's total revenues went from $3,784 in 1998 to an $2.1 million in 1999. True, the 1999 revenues seem small. Then again, the company has top customers using their system, such as CompUSA, SportsLine.com, and Internet portal sites, such as MSN.com, Excite@Home and Lycos. Media Metrix estimates that user traffic across the main web sites of their portal customers is over 40 million users per month.

Deutsche Banc Alex. Brown is the lead underwriter. The proposed ticker symbol is FAIM. The price range is $9 to $11 for the 5 million share offer.

Expect lots of noise from Loudeye Technologies, headquartered in Seattle, Washington. The company provides Internet services and applications for media, entertainment and enterprise markets. Their solution makes it easier to deliver audio and video content over the Web. Some of their customers include BMG Music, Disney Enterprises, Inc., and Sony Music Entertainment.

The lead underwriter is Robertson Stephens. The price range is $8 to $10 and the offering is for 4.5 million shares. The proposed ticker symbol is LOUD.

Universal Access is Chicago-based and is a Web business-to-business, telecommunications company that buys and sells unused network capacity. They also provide network management services, including network monitoring, maintenance and restoration.

Goldman, Sachs is the lead underwriter. The proposed ticker symbol is UAXS. The offering is for 11 million shares and the price range is $8 to $10.

Sunday Communications is based in Hong Kong and is a wireless communication and Internet services provider. With foreign IPOs doing especially well - such as those based in Asia - Sunday Communications will not be resting on its IPO debut.

Credit Suisse First Boston is the lead underwriter on this 23 million offering. SDAY is the proposed ticker symbol and the price range is $12 to $14.

Lastminute.com, a London-based company, offers last minute airline tickets, hotel rooms, gifts and other items for consumers in the United Kingdom, France, Germany and Sweden. Apparently, it is a very popular site in Europe and should also have a popular IPO for investors.

The lead underwriter is Morgan Stanley Dean Witter and the proposed ticker symbol is LMIN. The price range is $25 to $30.