RealTime IT News

Distance Learning Site Set to Hit Street

Fortune 1,000 companies are always looking to increase employee performance while reducing learning expenditures. These companies have found that learning Web sites are an economic alternative to traditional stand-up learning courses. So, it is no surprise that the industry is heating up.

Saba Software offers an Internet-based platform and related services that enable businesses to create and deploy global learning networks. Saba hosts the system, leaving administrators and learners only the need of a Web browser to use it.

Although founded in 1997, Saba reports more than 2 million licensed learners and over 20,000 learning offerings on the Saba learning networks. Some of their customers are 3Com, Cisco Systems, Continental Airlines, Lucent Technologies, and Procter & Gamble.

They also have the Saba Learning Exchange. This is an Internet-based business-to-business learning marketplace designed for the buying and selling of learning courses.

Goldman, Sachs is the lead underwriter. The proposed ticker symbol is SABA and the price range is $12 to $14.

i3 Mobile's technology provides users of mobile phones, palmtops, pagers and other wireless devices with personalized information. This includes stock quotes, news, weather, traffic, personal e-mail, and calendar applications. They offer their products and services primarily through co-branded distribution relationships with wireless network operators, and with users on both a complimentary and subscription basis.

As of last December, i3 Mobile had more than 450,000 users, of which more than 100,000 were paying subscribers (kind of a novel ideal). They have distribution relationships with more than 15 wireless network operators such as AirTouch Cellular, AT&T Wireless Services, Inc., and SBC Communications. In fact, they are the provider of "AT&T Personal News."

Deutsche Banc Alex. Brown is the lead underwriter. The proposed ticker symbol is IIIM and the projected price range is $14 to $16.

Numerical Technologies provides proprietary technologies and software products that enable the design and manufacture of faster, smaller and more power efficient semiconductor devices. Their patented technologies and software products have proved themselves in the design and manufacture of sub wavelength semiconductor devices. Using this proprietary technology, Lucent Technologies has announced that it had developed the world's fastest one volt digital signal processor. Motorola is also using this proprietary technologies in its 0.18 micron fabrication facilities.

Lately, the semiconductor industry has been in favor - and so have the IPOs.

Credit Suisse First Boston is the lead underwriter. The proposed ticker symbol is NMTC and the price range is $11 to $13.

Cabot Microelectronics, based outside of Chicago, is the world's top maker of slurries used in chemical mechanical planarization (CMP), a polishing process that enables manufacturers to produce smaller, faster, and more complex integrated circuits. The company also makes slurries for polishing hard disk drives.

The company is being spun off by Cabot Corp. As a grateful offspring, Cabot Microelectronics said the expected $57 million in the IPO will be used to pay a dividend to its parent company, which will own about 80 percent of the company. Yes, most children are a financial drain.

Goldman, Sachs is the lead underwriter. The price range is $15 to $17 and the proposed ticker symbol is CCMP.