IPO Tracker: On All Cylinders

Next week, expect the IPO market to be in full force. There are 27 IPOs
planned.

On the hot list is
CoSine
Communications
. The company is a developer of software and hardware for
communications networks. Examples of applications include: extranets,
intranets and remote access virtual private networks. In fact, CoSine
Communications has built its platform using an open architecture
model.

As communications networks become more complex, it is critical for companies
to be able to customize their solutions. Apparently, CoSine Communications
makes this much easier. And the customer base is impressive: Qwest,
American Metrocomm, and Internet Initiative Japan.

For the first six months of 2000, the company had $11.3 million in revenues.
Losses? $57 million.

The lead underwriter is Goldman Sachs and the price range is $15-$17 (the
company intends to issue 10 million shares). The proposed ticker symbol is
COSN.

Another IPO worth looking at is
Advanced Switching
Communications
. Essentially, the company develops highly compact
software that helps to transmit voice, data and multimedia data. What’s
more, the technologies integrate seamlessly with existing communications
systems and the installations are not difficult, so companies can get to
market faster.

In the first six months of 2000, the company had $12.9 million in sales.
Although, losses were $11.9 million.

The lead underwriter is Morgan Stanley and the price range is $13-$15 (the
company plans to issue 6.25 million shares). The proposed ticker symbol is
ASCX.

And here are two more:

1. Vastera:
The company develops technology solutions to manage the complexities of
international trade, such as a comprehensive database of regulations,
collaboration tools and management consulting services. The company has
more than 200 customers. I wrote about this company in an IPO Tracker
column.
The lead underwriter is DB Alex Brown and the price range is $11-$13 (the
company plans to issue 6 million shares). The proposed ticker symbol is
VAST.

2. Simple Technology:
The company is a developer of standardized and custom memory products, such
as for DRAM, SRAM and Flash (in all, the company has more than 2,500
products). The lead underwriter is Lehman Brothers and the price range is
$10-$12 (the company plans to issue 6.36 million shares). The proposed
ticker symbol is STEC. I also wrote an IPO Tracker

column
on this company.

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