Britain's Autonomy Seeks Greater Fame on Nasdaq

Published: 9 May 2000 y., Tuesday
Autonomy said it would list 2.2 million shares from Wednesday at $124 per share, a thin discount to Monday's $127 mid-price close on the pan-European high-tech Easdaq in Brussels, its only home to date. Chief Executive Mike Lynch told that U.S. clients preferred to deal with companies listed there and found Easdaq ''a bit exotic.'' Some 880,000 shares are a new issue that will raise $109 million for the company, which uses pattern-matching algorithms drawing on information technology, probability theory and arcane maths to help computers ``understand'' unstructured human prose. Lynch said the money would be used partly to expand into southeast Asia and Latin America. The rest of the stock is being sold by existing shareholders including Lynch, Britain's first Internet-related billionaire who said he disposed of shares worth some $30 million but still owns about a fifth of the five-billion-dollar company. Autonomy, based in the university city of Cambridge which is surrounding itself with high-tech industry, has seen its share price rise by 160.8 percent so far this year, outperforming the Easdaq market by 121.2 percent. It has shared the bumpy ride for technology stocks, hitting a peak of $218 earlier this year before wallowing as low as $46.25.
Šaltinis: Autonomy Corp.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Bumpy future road for Europe's car makers discussed

The future of Europe's troubled car market and 12 million jobs was under scrutiny Tuesday. more »

Gordon Brown: EU must take the lead in reforming global financial institutions

Europe must take the lead in finding solutions to the global crisis at next week's G20 summit, British prime minister Gordon Brown told MEPs in a speech in Strasbourg on Tuesday that was warmly welcomed by leaders of the main political groups. more »

How much should we tame financial markets?

The US and Europe are in the worst economic crisis since the 1930s. With unemployment rising dramatically and businesses failing, fear is spreading. more »

Food prices debated amid concerns over supermarket domination

Monday evening sees MEPs consider the emotive subject of food prices in Europe. more »

Wincor Nixdorf share price drops, company announces production cuts

Shares in Wincor Nixdorf AG have fallen 3.5 percent and the ATM company says it is preparing to cut production hours. more »

EU leaders confident and determined in face of economic crisis

Leaders agreed to use €5bn in unspent EU funds to upgrade energy and internet connections. And they raised the ceiling on EU aid to countries having difficulties. more »

Parliament backs “polluter pays” principle for lorry charges

Charges on heavy-goods vehicles should be based in part on the air and noise pollution they produce, according to legislation approved by the European Parliament today. more »

EU officials down on the farm

EU agriculture officials are about to get a reality check. Starting next year, their on-the-job training will include a stint on a working farm. more »

Sacred cows to the slaughter? Are the rules changing in the European economy?

Privatisation, balanced budgets, low public deficits, and free trade have long been the mantra for prudent economic management. more »

Where should we invest our money?

Building roads and pipelines, ensuring food safety, improving education, fighting discrimination and boosting jobs are all funded from the EU budget. more »