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

Motorola Announces Third-Quarter Financial Results

Motorola, Inc. today reported sales of $7.5 billion in the third quarter of 2008. more »

Brussels urges car makers to stay on green path

The global financial crisis has already battered many European banks. Now it is hitting the EU auto industry, the world’s largest producer of motor vehicles. more »

Commission approves German support scheme for financial institutions

The European Commission has approved, under EC Treaty state aid rules, a German rescue package intended to stabilise financial markets by providing capital and guarantees to eligible financial institutions. more »

New Commission report assesses European trade strengths in a changing global economy

A new report by the European Commission has assessed the competitiveness of the European Union in the global economy at the end of a decade of rapid economic change. more »

Microsoft Reports Record First-Quarter Revenue

Revenue surpasses $15 billion with healthy sales of enterprise software and Xbox 360 consoles. more »

Airport charges - new rules could mean cheaper flights

Airport charges are one of the hidden costs of flying and usually they are passed on from airlines to passengers. more »

World summit to fight financial crisis

US and European leaders agree to series of summits on world finance. more »

Fishermen should learn from cowboys

On Monday MEPs will debate a recovery plan for cod stocks in the North Sea and West Scotland. With over 70% of the world’s fish species already fully exploited or depleted, fisheries faces a crisis. more »

Private pensions have growing role, but must address society's needs – new EU report

A new study released by the European Commission today confirms the trend towards more private pension provision in the EU but highlights the need for inclusive coverage and adequate pension levels. more »

Energy security, issue of particular importance for Lithuania, in the European Council conclusions

Thursday, October 16, Brussels. President of the Republic of Lithuania Valdas Adamkus attended the second day session of the European Council meeting. more »