so, i guess this has not helped SGTL---
With the Nasdaq rallying nearly 43 percent this year amid strength in the tech sector, relatively few technology deals have come to the IPO market.
The low supply of tech IPOs has been translating into high demand once they trade. Another plus is that tech listings nowadays usually offer much more solid financials than deals from the bull market era.
lets see if this holds next week-------
SigmaTel (SGTL: news, chart, profile) opened at $18.20, well above its $15 price. The stock changed hands at $18 on volume of 4.8 million in recent action.
gee, this sounds familiar-----
Strong interest from investors made the deal richer ahead of its debut.
this too---
The Austin, Texas, company is raising $150 million by offering 10 million shares with lead underwriter Merrill Lynch (MER: news, chart, profile).
and how about this, familiar?
"SigmaTel is getting lots of attention since it is the leading supplier of chips for portable MP3 players, products that have been selling like hot cakes around the world and should be big sellers this holiday season," read a note posted on the Renaissance Capital Web site.
and i like this..$150,000 on $32.5 million..wow! what was it you wrote when EDIG's last quarter showed an improvement? something like it was terrible?
SigmaTel rang up net income of $150,000 on revenue of $32.5 million in the first six months of the year, up from a net loss of $7.6 million on revenue of $9 million in the year-ago period.
gee, " the company said!!" yup i believe them!
"Our focus on providing system-level solutions enables our customers to rapidly introduce and offer electronic products that are small, lightweight, power-efficient, reliable and cost-effective," the company said in its IPO filing.
well now, doesn't that all sound familiar.
lets see what happens.
gone fishin'.
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