Buy.com, 4th Largest E-Commerce Site, Issues Shares
Health Gate Data is a content hub for healthcare, catering to physicians, patients and consumers. Actually, the site has 27 million different pages of content from more than 190 sources. The sources include such well-regarded journals as the New England Journal of Medicine, Medline, and the Drug Information Handbook.
With such rich content, Health Gate has developed a sophisticated searching technology. It is called ReADER, which uses natural language searching.
True, healthcare is a big business (in excess of $1 trillion per year). However, there is a glut of health content sites. What s more, Healtheon/WebMD appears to have a decided lead in the space.
Health Gate Data plans to issue 3.7 million shares between the price range of $9-$11. The lead underwriter is SG Cowen and the proposed ticker symbol is HGAT.
Buy.com should create some stir. As the name implies, the company is a superstore e-commerce portal books, videos, DVDs, computer games, music, golf equipment, consumer electronics (over 850,000 items). What s more, the company abides by a low-price strategy. According to Media Metrix, Buy.com is the fourth largest e-commerce site.
Unfortunately, the etailing sector has been sickly even for blue-chip companies like Amazon.com (AMZN). While Buy.com should have a strong first-day, it may come under pressure as investors flip the stock.
The company plans to issue 14 million shares between the price range of $10-$12. The lead underwriter is Merrill Lynch and the proposed ticker symbol is BUYX.
Intellesale.com wants to be a public company. Actually, the company is a roll-up of 14 acquisitions (starting in 1995). The parent company is Applied Digital Solutions (ADSX), which is a full service telecommunications company.
Like Buy.com, Intellesale.com is in a highly competitive space: selling refurbished and new computer equipment and related products. Again, expect this to have difficulties over time.
The lead underwriter is Ladenburg Thalmann and the proposed ticker
symbol is SALE.
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