Looking for a Motive
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Next week looks fairly light for the IPO market. But there a are a few deals that look interesting. Perhaps the hottest one will be MCE Companies.
The company had its genesis in 1994, with the acquisition of Inmet Corporation. Basically, the vision was to roll-up companies that are strong providers of RF/microwave components and subsystems. Since then, MCE purchased four more companies (KDI/TRIANGEL, Metelics, Weinschel, and DML Microwave).
The company's products are used among the full range of frequencies for wireless networks. What's more, the products are built to control, enhance and condition RF signals. Applications include signal detection, power distribution and power level control. Agilent, Lucent and Motorola are customers.
Although, the key aspect of the company is customized product solutions. In fact, in the fast-changing wireless market, customization is in high demand. The company also has a strong international presence.
Another deal that should have traction is Motive. Founded in 1997, the company develops software for online customer care.
The technology is sophisticated, allowing for self-service, as well as connections to qualified experts (in the form of Web-based dialogues). Moreover, the knowledge generated from customer interactions are embedded in a database system, which can be reused. Motive has definitely attracted top customers, like Compaq, Dell HP and Gateway. There are also top-flight investors, such as Intel, Accel Partners, and Austin Ventures.
The lead underwriter is Morgan Stanley and the price range is $10-$12 (the company intends to issue 5 million shares). The proposed ticker symbol is MOTV.