Some Sonic Booms Still Left in the IPO Market

Sonic Solutions (SNCI) was true to its name, as its sonic boom was heard on
Tuesday. Of course, the market has been anemic lately, but any success is a
good one.

Sonic Solutions’ 3.6 million shares opened at the top of its $12 to $14
range and closed up over 50% at 21-7/8, raising over $50 million. By the
end of the week it was at 21-1/8.

Based in Marin County, California, Sonic Solutions is a developer of digital
media authoring workstations for audio and multimedia professionals and
media production workgroups. Its product line is used on digital recording
and editing system for CDs, DVDs, films and video soundtracks (Titanic and
The Net), and radio and television broadcasting.

Last month, Sonic Solutions’ DVD Creator was named the “Best DVD Authoring
System” by the readers of Post Magazine, a publication for professional post
and multimedia professionals. Sonic reports it is a full voting member of
the DVD Forum, which sets the standards for the DVD format.

Goldman Sachs was the lead underwriter.

Hayward, Calif., Certicom Corp. (CERT) offered its 1.25 million at $46.30
per share on Tuesday. It went up to 55-1/2. By Friday, it inched up to 56
51/64.

Certicom is an encryption technology company for the mobile computing and
wireless data markets. Its patented technology is used in handheld
computers, mobile phones, and two-way pagers.

It recently completed an alliance with Motorola so that it can begin using
Certicom’s elliptic curve cryptography (ECC) technology. This includes all
of Motorola’s wireless devices and wireless network infrastructure
components. Other clients of Certicom are Aether Systems, Palm, and
Qualcomm.

The lead underwriter was FleetBoston Robertson Stephens.

Investors on Tuesday said “Whatever” to Wherever.net (WNET), a Hong Kong
company. It opened at 9 and had no pop. It lost whatever fizz it had and
ended at 7-1/4 by Friday.

Wherever.net offers its services over its privately managed network
telephony services and products in five countries, including China and
Taiwan.

Merrill Lynch was the lead underwriter.

On Thursday, after a month-long delay, Crown Media (CRWN) finally got its
IPO off the deck. However, it had no jewel in its crown, as its offering
price was $14 and it remained flat. It was up slightly to 14-1/6 on Friday.

The Kansas City, Mo.-based Crown Media focuses on family cable programming.
They report over 50 million subscribers domestically and in more than 70
international markets.

The lead underwriter was Donaldson, Lufkin & Jenrette.

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