Coming Back from the Dead?
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The IPO calendars have been on a starvation diet-lean and mean. Those IPOs that have tried to buck the trend have had underwhelming acceptance in the market, even after reducing their prices and the number of shares offered.
Yet, even with this on-again, off-again market, here are some IPOs that are coming up. Actually, they look pretty good.
ibeam Broadcasting Corporation, located in Sunnyvale, CA, provides an Internet broadcast network that delivers high quality video and audio streams with viewing and listening quality that they say approaches television and radio quality. Their network uses point-to-multipoint satellite broadcasting located in the facilities of network providers, hosting companies and Internet service providers, or ISPs.
NBC and Time Warner are some of their clients. Also, Intel and Microsoft own almost a quarter of iBEAM.
The Santa Clara, CA, Nogatech provides compression chips that enable real-time transmission of video, audio and data signals into personal computers and personal digital assistants. They usually sell their chips on a stand-alone basis to original equipment manufacturers. Last year, Fujitsu General, Pinnacle Systems, and Sharp Electronics purchased their products.
Earlier this year, Nogatech and Fujitsu PC Corp. introduced the first modular USB digital camera that can be stored and used through a notebook computer. The optional modular USB digital camera is able to display video as well as take still shots.
W.R. Hambrecht & Company is the lead underwriter. The proposed market symbol is NGTC and the price range is $12 to $16.
Pixelworks designs system-on-a-chip integrated circuits (ICs) that enable visual displays on electronic systems such as PCs and TVs. Its ImageProcessor is used by such companies as Compaq and Sony. Pixelworks, which outsources its manufacturing to Asia, has about 90% of its sales to Asian customers. Pixelworks won the 1999 SID Information Display Magazine Display Material or Component of the Year (DMCY) Gold Award for their single-chip flat-panel display controllers. Salomon Smith Barney is the lead underwriter. The proposed ticker symbol is PXLW and the price range is $12 to $14.