Comments on: AvantGo's IPO a Big Success

On Tuesday, AvantGo (AVGO) sold 5.5 million shares at $12 each, $1 above the originally predicted $9 to $11 price range. They raised $66 million, which they intend to use for more marketing efforts and to continue the company's growth. Since its debut, the stock has been as high as $27.75 and opened the day on Thursday at $20.

This capped a month marked by strong rises in Palm-related stocks. Since August 24, shares of Handspring have jumped 100% and shares of Palm have shot up 38%. Much of Handspring's increase can be credited to CIBC Oppenheimer analyst Thomas Sepenzis, who rated it a "strong buy" with a price target of $70. He rates Palm a "buy" with a target of $65.

Return to Story - Permalink

Article Comments

 (5 comments)

The following comments are owned by whoever posted them. PalmInfocenter is not responsible for them in any way.
Please Login or register here to add your comments.

Comments Closed Comments Closed
This article is no longer accepting new comments.

Down

I need some cash!!!

John Anderson @ 9/28/2000 12:25:08 PM #
Can I have a loan? PLEASE?

AvantGo is overrated

I.M. Anonymous @ 9/28/2000 9:10:12 PM #
I'm sure AvantGo will have to make a major turn in their business strategy just in a couple of months. As soon as palms get mobile it is just as outdated as "push" software (you remember?) like PointCast/entryPoint. What's left is a good browser for the palm. But that's not what companies pay for

submit ideas to AvantGo

I.M. Anonymous @ 9/29/2000 11:42:08 AM #
submit your ideas for improving this qreat product (I don't have any affiliation w them) - click the link @ the top of your AG home page on your palm-my write in vote was improved compression to reduce space rqmts / store more - what's yours?
RE: submit ideas to AvantGo
Ed @ 9/29/2000 4:38:38 PM #
I suggested Cut & Paste, Frames, and better JavaScript support.

---
Plenipotentiary
Palm InfoCenter

hardly overrated

I.M. Anonymous @ 9/29/2000 9:20:57 PM #
maybe push didn't stick on the desktop, but it's here to stay on the hpc, a completely different environment. get a life & don't be so sour...smile!
Top

Account

Register Register | Login Log in
user:
pass: