Previous
SmartPortfolio.Com Announces Investment Opinion
Added: (Sun Nov 21 1999)
SmartPortfolio.Com Announces Market News: IPOs Surge on Record Week
The following is market news from SmartIPO.Com, located on the web at http://www.smartipo.com
SmartIPO.Com, located on the web at http://www.smartipo.com and a division of SmartPortfolio.Com, Inc., is pleased to report that the firm's analyzed IPOs have performed extremely well during the last week.
Investors in selective IPOs benefited from strong gains in one of the most impressive IPO markets in recent history. SmartIPO.com's weekly report highlighted shares of CacheFlow (Nasdaq:CFLO - news), Terra Networks (Nasdaq:TRRA - news), Agilent Technologies (NYSE:A - news), and MetaSolv Software (Nasdaq:MSLV - news).
One of last week's highlighted stocks, CacheFlow, was the hottest performer of the week. Shares of CacheFlow, a maker of caching appliances that speed access to websites, skyrocketed 102 3/8 (+426.56%) to 126 3/8 on their first day of trading last Friday.
In our last Smart!IPO Report, we pointed to CacheFlow's experienced management team, its diverse customer base, which includes Delta Airlines (NYSE:DAL - news), Lucent Technologies (NYSE:LU - news), and Goldman Sachs (NYSE:GS - news), the strong market for caching products, and the renewed investor interest in caching technology as factors likely to make this a strong performing IPO. To read last week's report, investors are invited to visit http://www.smartipo.com/freetrials to gain access to the Smart!IPO archives along with a free two-week trial.
Another well-received and much-anticipated IPO was that of Agilent Technologies, the test and measurement equipment spin-off of Hewlett-Packard (NYSE:HWP - news), which climbed 41.67%, up 12 1/2 to 30, on its first day of trading. In last week's Smart!IPO Report, we noted that because Agilent is a networking-related company and because investors already know Agilent on account of its having been a part of Hewlett-Packard, the company would be a solid performer.
Finally, the Smart!IPO Report also highlighted Terra Networks, the leading provider of Internet access in Spain and Latin America, which surged 194.23%, up 25 1/4 to 38 1/2, on its first day of trading last Wednesday. In addition, the report highlighted shares of MetaSolv Software, a provider of software that allows next-generation telecommunications companies to manage their customers and deliver their services effectively, which soared 189.47%, up 36 to 55, last Thursday. MetaSolv's customer base contains many leading telecommunications companies; this alone provides an important signal that the software package works effectively and that it is superior to many of its competitors' offerings. Some prominent customers include BellSouth (NYSE:BLS - news), Cox Communications (NYSE:COX - news), Qwest Communications (Nasdaq:QWST - news), Williams Communications (NYSE:WCG - news) and Winstar (Nasdaq:WCII - news).
To learn more about outperforming IPOs such as CacheFlow, Terra Networks, Agilent Technologies, and MetaSolv Software, investors are invited to try a free two-week trial of the Smart!IPO Report at http://www.smartipo.com/freetrials
The Smart!IPO report is intended to sort through the myriad of IPOs that are currently coming to market in order to find the great buying opportunities for investors. Previous highlighted IPOs include: United Parcel Service (NYSE:UPS - news), Charter Communications (Nasdaq:CHTR - news), Finisar (Nasdaq:FNSR - news), Expedia (Nasdaq:EXPE - news), Next Level Communications (Nasdaq:NXTV - news), Cobalt Networks Inc. (NASDAQ:COBT - news), Wireless Facilities, Inc. (NASDAQ:WFII - news), Webvan Group (Nasdaq:WBVN - news), Cysive Inc. (Nasdaq:CYSV - news), Alteon Websystems (Nasdaq:ATON - news), Kana Communications (Nasdaq:KANA - news), Foundry Networks (Nasdaq:FDRY - news), Calico Commerce (Nasdaq:CLIC - news) and Vixel (Nasdaq:VIXL - news). Investors and stock researchers are invited to visit the site at http://www.smartipo.com