IPOs: Coming Back for More
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Expect high-performance from Network Engines. The company develops integrated server appliances - of course, with Net functionality. Because of scalability and customization, the company's servers have been very effective for complex corporate environments. The systems are fairly easy to install and work on both Windows and Linux OSs.
The marketplace is big. According to IDC, the marketplace is expected to grow from $50 million in 1998 to $8 billion in 2003.
The lead underwriter is DLJ and the proposed ticker symbol is NENG. The price range is $13-$15.
Axcelis Technologies produces so-called ion implantation equipment. This is used for the fabrication of semiconductors. Axcelis has manufacturing facilities in the US, as well as nine other countries.
Sales were $397 million in 1999. Moreover, the company had profits of $14.4 million.
Even though the semiconductor industry has cooled somewhat, there should be enough enthusiasm for the Axcelis IPO.
The lead underwriter is Goldman Sachs and the proposed ticker symbol is ACLS. The price range stands at $20-$22.
Finally, Sunrise Telecom should have a strong IPO. The company develops verification equipment that diagnoses telecom and Internet networks. Customers include such companies as Covad and NorthPoint Communications.
Sunrise has shiny financials. Last year, sales were $61.5 million and profits were $10.9 million.
The lead underwriter is Chase H&Q and the proposed ticker symbol is SRTI. The price range is $11-$13.