Zeev's Turnips Patch-No Politics (ZEEV)

[westpacific]

SMOD - nice opportunity.

JP Morgan and Citigroup offering to boot. And these guys do flash as well.


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Smart Modular Tech lines up behind doubled profit



01-10-06 10:30 AM EST

NEW YORK (MarketWatch) - Smart Modular Tech on Tuesday signaled it's moving through the pipeline toward its $225 million stock market debut, just days after doubling its first-quarter profit.

The Fremont, Calif. manufacturer of memory modules, liquid crystal displays and other technology will offer 20.45 million shares at $10-$12 a share with underwriters Citigroup (C) , J.P. Morgan (JPM) and Lehman Brothers (LEH) underwriting the IPO.

Smart Modular plans to trade on the Nasdaq under the ticker symbol "SMOD".

Once a company sets its IPO price range, it's cleared to begin scheduling meetings with prospective investors and set itself up for a stock market debut, usually within weeks.

On Jan. 4, Smart Modular reported first-quarter net income of $9.3 million on revenue of $158.3 million. Profit rose 121% from the year-ago figure of $4.2 million on revenue of $154.5 million.


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