RealTime IT News

Still Flat

A rare event occurred this week. Yes, we saw an IPO moonshot. It was Transmeta , which saw its stock price surge 109.5 percent on its first day of trading.

However, with Nasdaq continuing its problems, it will be tough for the IPO market to repeat the performance of Transmeta. But, of course, there are some that will try.

One IPO to keep an eye on for next week is iMagicTV. The company is a software developer, which basically helps phone companies (and other big service providers) deliver multi-channel digital TV and other interactive services - over broadband networks. No doubt, with the recent weakness in telecom, the industry is trying to find new ways to make money. iMagicTV does provide a possibility.

Hey, the company does have a business model, too. It has three elements: licensing fees from the software; royalties on a per subscriber basis; and professional services and maintenance.

But like most broadband plays, the company is very early stage. For the first six months of 2000, revenues totaled $3.5 million. The company had losses of $4.9 million.

The lead underwriter is Merrill Lynch and the price range is $11-$13 (the company intends to issue 4.8 million shares). The proposed ticker symbol is IMTV.

Next, there is an interesting wireless deal. And so far, there appears to be continued interest in this sector. The company is Novatel Wireless.

The company is a leader in developing wireless data modems and software. Yes, you can access enterprise networks and the Net "anytime, anywhere." In fact, the company delivered the first wireless connectivity products for the Palm device.

There are also other innovations. Examples: Merlin Type II PC Card, Sage Wireless Modem, NRM-6812 and Lancer 3W Wireless Modem. Customers include Verizon, At&T, OmniSky and GoAmerica.

The lead underwriter is CS First Boston and the price range is $10-$12 (the company intends to issue 7 million shares). The proposed ticker symbol is NVTL.