IN BRIEF.VALLEY INDEX FALLS: Shares of most companies in the Daily News Index were lower Friday, led by Sylmar's MiniMed Inc. and Saticoy's Seminis Inc. MiniMed fell $15.1875 to $83.0625, a 15.46 percent drop, on 3.1 million shares traded. Seminis fell 37.5 cents to $8.25. - Daily News HOT IPO Hot IPO An initial public offering that is widely followed and demanded by the market. Hot IPOs are often oversubscribed, which results in the stock price surging as soon as it is offered on the market. Notes: The late 1990s saw one of the hottest IPO markets ever. : Shares of Digital Insight Corp. doubled Friday on their first day of trading after the company's initial public offering. Stock for the Calabasas-based provider of online services to small financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies ended trading at $32.125, up from an opening price of $19 and Thursday's IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. price of $15 per share. - Daily News EASY GOING: Agoura Hills-based Easyriders Inc. said its Easyriders Franchising unit has reached a settlement of a claim brought by Steel Horses Inc. Terms were not announced. Steel Horses was disputing part of a franchise agreement it entered into with Easyriders in 1994. - Daily News SAME CLOTH?: Pennsylvania-based sports clothing Sports clothing is a general term for clothing while performing a sport. Each sport has its own styled clothes fitting their needs, e.g. regarding the textile (depending on the environment), the cutting and the form of clothing. and shoe manufacturer And 1 has filed a federal lawsuit that claims Beverly Hills-based Lady Hoops makes apparel and uses a logo that are too similar to its own. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the lawsuit filed in U.S. District Court in Philadelphia, Lady Hoops Basketball Gear's logo of a ball-dribbling cartoon figure is so close to And 1's that it would confuse customers. Lady Hoops representatives did not immediately return a telephone call seeking comment Friday. - Associated Press DIVIDEND ANNOUNCED: Glendale-based Public Storage, Inc. announced that the dividend on its Series C shares for the quarter beginning Oct. 1 will be at a rate of 6.75 percent per annum Per annum Yearly. . The company, which operates self-storage facilities in 37 states, had revenues of more than $582 million in 1998. Public Storage used discount rates published by the Federal Reserve to figure the rate paid per quarter, said company spokesman Tom Marchica. - Daily News |
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