inSilicon, eMachines Set to Debut
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After three years of grueling downturn, the semiconductor industry may have entered a cyclical upturn last year. According to estimates from the Semiconductor Industry Association, sales came to $144 billion in 1999 and could reach $234 billion by 2002.
Sounds great - especially for chip IPOs. So, the inSilicon issue is definitely timely. Based in San Jose, Calif., inSilicon is a leading provider of communications semiconductor intellectual property used to design systems-on-a-chip, or SOCs, that are critical components of digital devices.
They have over 400 customers of different digital devices ranging from network routers to cellular phones. The IPO looks like it will be red hot.
Robertson Stephens is the lead underwriter for this 3.5 million issue. The proposed ticker symbol is INSN and the price range is $9 to $11.
Customers include American Express, EMC, and Novell.
The proposed ticker symbol is EPRS. Deutsche Banc Alex. Brown is the lead underwriter and the price range is $8 to $10.
eMachines has provided low-priced personal computers since November 1998. They have sold over one million of their $399-$899 computers mostly through Best Buy, Circuit City, Office Depot and Staples. eMachines said that on $307 million in sales in the fourth quarter of 1999 that they had $2.2 million in net profits. Most of it came from fees for Internet service contracts sold with their PCs, which are built in South Korea.
Credit Suisse First Boston is the lead underwriter. The 20 million share offering is priced in the $8 to $10 range. The proposed ticker symbol is EEEE.
Etinuum provides their clients with consultants, Web-based processing technology, customer support personnel and communication services, and database marketing and analysis services. In other words, the company is full-service consultancy to make the Web a part of your business.
Their clients include Safeway, Sega and Sony.
The proposed ticker symbol is ETIN. Chase H&Q is the lead underwriter and the proposed price range is $10 to $12.