RealTime IT News

Not Dead Yet

It looks like life is being pumped into the IPO market. New IPOs are being filed daily and the backlog has several hundred companies ready to go. If they all come off, it would be a mad scramble. (Just like the Old West, settlers wildly galloping on horses and wagons, trying to get the best farm land in the old land rush days!)

Sonus Networks provides hardware and software infrastructure products for integrated, packet-based network carrying both voice and data traffic.

Sonus clients include long distance carriers, wholesale carriers, Internet service providers, and cable operators.

Sonus Networks has just recently expanded into Europe, Middle East and Africa. The company has established its overseas headquarters in Britain.

They are in a rough field as competition is strong. Some of their competitors are vendors of networking and telecommunications equipment, such as Cisco Systems, Lucent Technologies, and Siemens.

Goldman, Sachs is the lead underwriter. The market symbol is SONS and the price range is $19 to $21.

Integrated Circuit Systems offers specialized mixed-signal integrated circuits (ICs) called silicon timing devices, which helps electronic systems work in synchronization. Its products are on such devices as PC motherboards, digital cameras, and DVD players.

Headquartered in Valley Forge, Pennsylvania, Integrated Circuit Systems also has facilities in San Jose, California. The company does its manufacturing in Asia. Some of their customers include Dell, IBM, and Lucent.

Credit Suisse First Boston is the lead underwriter. The proposed market symbol is ICST and the price range is $15 to $17.

ONI Systems, formerly Optical Networks, makes fiber-optic equipment specifically designed for metropolitan and regional networks. Customers include COLT Telecom and Williams Communications.

Clouding the future of ONI Systems is that it is being sued by Nortel Networks Corp., who claims that ONI infringed on Nortel's patents and misappropriated trade secrets. The suit alleges that ONI lured away Nortel employees to gain technology secrets.

Goldman, Sachs is the lead underwriter. The market symbol is ONIS and the price range is $14 to $16.

StorageNetworks provides data storage services on it vast fiber-optic network. Their storage network lets customers connect their computer systems to its network to store and access their data. Customers will have the ability to request additional capacity and capabilities whenever their storage needs increase. Compaq Computer Corporation recently formed a strategic relationship with StorageNetworks.

Goldman, Sachs is the lead underwriter. The market symbol is STOR and the price range is $17 to $19.