Skip to main content, Neuberger Berman File for IPOs; Three Deals Are Priced

The scary reception that a number of IPOs got in recent days hasn't frightened away the next bunch of up-and-comers.

, an online job recruiter, said it hopes to raise $69 million in a 4.75 million-share offering with shares priced in a $12 to $14 range.

Deutsche Banc Alex. Brown


BancBoston Robertson Stephens


SG Cowen

will underwrite the offering.

Less than a year after it abandoned the notion of going public,

Neuberger Berman

has officially changed its mind, filing with the

Securities and Exchange Commission

for a $250 million offering of common stock which will be underwritten by

Goldman Sachs

. The firm's principals voted late last month to sup at the public trough.

In other IPO news:

Interactive Pictures'

(IPIX:Nasdaq) offering of 4.2 million shares was priced at $18 a share, the top of the range, through

J.P. Morgan


Internet Capital

(ICGE:Nasdaq), which has interests in 35 e-commerce businesses was priced at $12 a share with 14.9 million shares, through

Merrill Lynch

; and


(CBLT:Nasdaq), which manages Web sites for clients with new vehicle franchises, had 4.5 million shares priced at $11 through Robbie Stephens.

In other postclose news (earnings estimates from

First Call

; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews

Comfort Systems

(FIX) - Get Free Report

reported second-quarter earnings of 37 cents a share, in line with the 12-analyst estimate and up from 28 cents a year ago. The company said all figures were given on a pro forma basis, retroactive to January 1998, and based on a pooling of results of companies it has acquired.

Lazare Kaplan


reported fourth-quarter earnings of 8 cents a share, beating the single-analyst estimate of 4 cents. The company said the year-ago figure of 36 cents included a gain from the sale of a company plant in Botswana. No per-share operating figures were provided for the year-ago period.

Pegasus Communications


reported a second-quarter loss of $2.48 a share, wider than the three-analyst expectation of negative $2.38 and the year-ago loss of $1.59. Still, Deutsche Banc Alex. Brown initiated coverage of the company with a buy rating.



reported second-quarter earnings of 10 cents a share, beating the seven-analyst estimate of 8 cents, but lower than 24 cents a year ago. The company said the figures reflect a 2-for-1 stock split in June 1998.



reported second-quarter earnings of 32 cents a share including special charges. No per-share operating income figures were provided. The seven-analyst estimate called for 31 cents. The year-ago figure was 24 cents.

Waste Industries


reported second-quarter earnings of 23 cents a share, in line with a five-analyst estimate and up from a pro forma figure of 20 cents a year ago.

Watson Pharmaceuticals


reported second-quarter earnings of 43 cents a share, in line with the nine-analyst estimate and up from 35 cents a year ago. The company said it would launch sales of generic nicotine gum in the third quarter.

In other earnings news:

Mergers, acquisitions and joint ventures



sniffed around


today and then decided to buy it for $55 million -- $40 million in stock and $15 million in cash. Go2Net said Dogpile, which operates an online meta-search service, would be used to add new advanced search features to its online network.

Like a trendsetter at a sample sale,

Wells Fargo

(WFC) - Get Free Report

has been doing some serious shopping lately. It purchased

First Place Financial


for $175 million in stock and said the move would help elevate its presence in New Mexico and the southwest in general. Last Thursday, the company started the spree by putting Texan

Prime Bancshares


into its shopping cart for $242 million in stock.


Trucking magnate

RDO Equipment

said it began talks with bankers Deutsche Banc Alex. Brown to explore options for its trucking rental business. In a statement, the company said alternatives include shipping away

RDO Rental

, an 80%-owned subsidiary, or linking up with a possible joint venture. Company officials said they'd use any net proceeds to help the company keep on truckin' and reduce interest-bearing debt and strengthen liquidity.

Where there's smoke there's fire, so it makes perfect sense that



would eventually get burned with fines stemming from a Feb. 23 explosion, which killed four people at its Avon, Calif., refinery. After an investigation, California state safety officials torched the company with a record $810,750 fine for 33 alleged violations of workplace safety regulations. The fine is the highest California regulators have ever levied against a single employer.

Editorial assistant

Eric Gillin contributed to this story.