---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/09/2000
05:50 PM ---------------------------

"SmartPortfolio.Com" <admin_update@smartportfolio.com> on 03/09/2000 07:10:20
PM
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Subject: SmartPortfolio.Com Update: Nasdaq Sails Beyond 5000

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Update March 9, 2000

Thursday's Market Update: Nasdaq Sails Beyond 5000

 1. Thursday's Market Action
 2. Internet and Tech Stocks
 3. Notable Earnings Announcements
 4. Notable Upgrades and Downgrades
 5. Stock Splits
 6. IPO Commentary
 7. IPOs Trading Thursday
 8. IPO Calendar

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The update is posted at approximately 6:00 PM EST every day.

1.  Thursday's Market Action

                             $ Change   % Change      Close
Dow Industrials               +154.20     +1.56%   10010.73
S&P 500                        +34.99     +2.56%    1401.69
Nasdaq                        +149.60     +3.05%    5046.86
Internet Stock Index           +42.29     +3.95%    1111.96

The Dow recovered in Thursday afternoon's trading session,
making big gains before closing up sharply, while Internet and
technology stocks propelled the Nasdaq to its fifth biggest
single-day point gain ever to close above 5000 for the first
time in history.

Thursday's early market action had all major U.S. indexes
performing lower following the Labor Department's report that
the number of Americans applying for jobless benefits increased
for the second consecutive week to 280,000 from 275,000 in the
previous week.  At the same time, however, a more accurate
longer-term measure showed that the closely watched four-week
moving average fell for the second straight week to 277,250,
which represented the lowest figure in 26 years.  Economists
view the four-week moving average as a more dependable indicator
of job market trends since it accounts for weekly fluctuations.

Notwithstanding the Labor Department's report, financial stocks,
which typically are sensitive to news related to potential
interest rate hikes, performed well, with American Express
(NYSE:AXP) edging up 1/8 (+0.10%) to 122 7/8, JP Morgan
(NYSE:JPM) gaining 5/16 (+0.29%) to 107 11/16, Chase Manhattan
Bank (NYSE:CMB) closing up 2 1/8 (+2.69%) to 81 1/8, Goldman
Sachs (NYSE:GS) finishing up 5 7/16 (+5.34%) to 107 3/4, and
General Electric (NYSE:GE), which has a substantial financial
services component, rising 1 1/16 (+0.82%) to 131 3/8.

In other financial stock news, Deutsche Bank AG, Europe's
largest bank, and competitor Dresdner Bank AG, the third biggest
German bank, jointly announced on Thursday that Deutsche Bank
would commence a $30 billion takeover of Dresdner in a
transaction that would create the world's largest bank with $1.2
trillion in assets.  Under the deal, the combined company would
close approximately 800 branch offices and reduce payroll levels
dramatically.  It is estimated that these cuts would result in
annual cost savings of over $2.75 billion.  Following the
announcement, Wall Street began speculating about whether this
deal would put increasing consolidation pressure on U.S. banks,
including financial giant Citigroup (NYSE:C), which edged lower
by 7/16 (-0.87%) to 50 1/16.

One of the strongest performing sectors on Thursday was the
pharmaceutical idustry, with Bristol-Myers Squibb (NYSE:BMY)
jumping 12.04% (up 5 3/4) to 53 1/2, Merck (NYSE:MRK) gaining
6.93% (up 3 15/16) to 60 3/4 and Eli Lilly (NYSE:LLY) closing up
8.11% (up 4 1/2) to 60.

Insurance powerhouse Metropolitan Life Insurance announced on
Thursday that it would acquire the remaining interest in
insurance asset manager and research firm Conning Corp.
(Nasdaq:CNNG) in a deal valued at approximately $68 million.
MetLife already has a 61% stake in Conning that was captured
through MetLife's January acquisition of Conning's indirect
majority owner, General America Corp.  MetLife, which is
scheduled to trade its shares on the New York Stock Exchange by
the end of March, increased its offer from $10.50 per share of
Conning to $12.50 per share.  Shares of Conning gained 15.98%
(up 1 11/16) to 12 1/4, while shares of other companies in the
insurance space performed well, with Chubb (NYSE:CB) rising 3/4
(+1.68%) to 45 1/2, Aetna (NYSE:AET) closing up 3 1/8 (+5.77%)
to 57 1/4, and Hartford Financial Services (NYSE:HIG) gaining
15/16 (+3.19%) to 30 5/16.

Investors reacted on Thursday to the request by the Federal
Communications Commission (FCC) for more information relating to
the proposed $135 billion merger of America Online (NYSE:AOL),
the #1 Internet service provider, and Time Warner (NYSE:TWX),
the media and cable giant, after the initial filing by these
companies was deemed insufficient.  While a second request for
information by the Justice Department or Federal Trade
Commission frequently is viewed as a sign of potential delays in
approving a merger, analysts expect that the FCC request will
not delay significantly the agency's evaluation of the proposed
deal.  Shares of AOL rose 6 (+10.93%) to 60 7/8, while shares of
Time Warner gained 7 7/16 (+9.38%) to 86 3/4.

Among the big Dow movers on Thursday were:

<> Boeing (NYSE:BA), which closed up 3/8 (+1.12%) to 33 3/4
following the aerospace giant's announcement that an ongoing
strike could hurt the company's earnings and cause longer delays
of jet deliveries.

<> AT&T Corp. (NYSE:T), which dropped 3/8 (-0.71%) to 52 5/8
following news that Dan Hesse, president of the company's
wireless business that will be sold in what could be the largest
U.S. IPO ever, is leaving AT&T to take the helm at an Internet
start-up company.

<> Hewlett-Packard (NYSE:HWP), which rose 11 (+7.81%) to 151 7/8
and was a driving force behind Thursday afternoon's recovery on
the Dow.

2. Internet and Tech Stocks

For a FREE trial to SmartPortfolio.Com's in-depth analysis of
selected Internet stocks, please visit:
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Internet and technology stocks continued to drive the Nasdaq
higher, with several companies hitting new all-time highs during
Thursday's trading session.  Among the several high-flyers
reaching new records were Redback Networks (Nasdaq:RBAK), which
jumped 32 3/16 (+9.82%) to 359 7/8, Nextel Communications
(Nasdaq:NXTL), which rose 15 15/16 (+11.63%) to 152 15/16, Cisco
Systems (Nasdaq:CSCO), which closed up 6 15/16 (+ 5.24%) to 139
5/16, and Phone.com (Nasdaq:PHCM), which gained 24 1/2 (+16.90%)
to 169 1/2.

GoTo.com (Nasdaq:GOTO) announced on Thursday that it would
acquire AuctionRover.com, a resource for online auctions, in a
deal valued at approximately $170 million.  AuctionRover's
proprietary technology permits buyers to search for products and
services that are being auctioned in cyberspace.  Online search
engine GoTo.com operates an Internet marketplace that introduces
Web users to advertisers.  Shares of GoTo.com, which analysts
believe will benefit tremendously from its e-auction acquistion,
fell 2 5/8 (-5.20%) to 47 7/8, while shares of online auction
companies finished mixed for the day, with eBay (Nasdaq:EBAY)
dropping 1 1/2 (-0.82%) to 182 1/2, Yahoo (Nasdaq:YHOO), which
operates Yahoo! Auctions, gaining 6 1/4 (+3.53%) to 183 1/4, and
Amazon.com (Nasdaq:AMZN), which runs Amazon Auctions, closing up
5 3/16 (+8.15%) to 68 13/16.

In the wake of International Business Machines' (NYSE:IBM)
launch of a large-scale Internet campaign, the company announced
on Thursday that it has signed agreements under which local U.S.
telephone providers Bell Atlantic (NYSE:BEL) and SBC
Communications (NYSE:SBC) will test IBM's new Internet access
devices.  While IBM did not disclose the number of devices that
would be tested in the trials, analysts predicted that the
testing by Bell Atlantic and SBC Communications would be a major
step in IBM's efforts to shift its focus to the development of
products designed specifically for Internet access.  Shares of
IBM gained 1 3/8 (+1.29%) to 107 5/8, shares of Bell Atlantic
closed up 2 1/8 (+3.76%) to 58 5/8 and shares of SBC fell 1/16
(-0.15%) to 41 9/16.

Old economy fast-food titan McDonald's Corp. (NYSE:MCD)
officially has entered the age of the Internet.  The world's
largest fast food chain announced on Thursday that it has made a
significant investment Food.com, which provides online food
takeout and delivery services.  McDonald's also is exploring
various online opportunities for some of its smaller restaurant
brands, including Donatos Pizza, Boston Market and Chipotle
Mexican Grill.  Shares of McDonald's rose 7/8 (+2.85%) to 31
5/8.

Other big movers in the Internet and technology sectors
included:

<> Smith Micro Software (Nasdaq:SMSI), which skyrocketed 101.80%
(up 10 5/8) to 21 1/16 following the company's announcement that
it has developed a new wireless Internet access solution.

<> Globalstar Telecommunications (Nasdaq:GSTRF), which fell
12.99% (-2 11/16) to 18 and was one among the most active stocks
on the Nasdaq on Thursday following the downgrade of the company
by CIBC World Markets.

<> Copper Mountain (Nasdaq:CMTN), which rose 9.19% (up 8 13/16)
to 104 11/16 and rode the wave of a strong overall Nasdaq
performance.

Leading Internet and tech stocks performed as follows:

Company                      $ Change   % Change      Close
Amazon (Nasdaq:AMZN)          +5 3/16     +8.15%   68 13/16
America Online (NYSE:AOL)     +6 1/16    +11.05%   60 15/16
Commerce One (Nasdaq:CMRC)     +8 1/8     +3.09%    271 1/4
Cisco (Nasdaq:CSCO)          +6 15/16     +5.24%   139 5/16
CMGI (Nasdaq:CMGI)             +6 7/8     +4.96%    145 3/8
Dell (Nasdaq:DELL)             +3 1/2     +7.46%    50 7/16
Ebay (Nasdaq:EBAY)             -1 1/2     -0.82%    182 1/2
ExciteAtHome (Nasdaq:ATHM)       -3/8     -1.22%     30 3/8
Exodus (Nasdaq:EXDS)          -2 1/16     -1.28%   158 9/16
Intel (Nasdaq:INTC)           +3 7/16     +2.99%    118 3/8
Juniper (Nasdaq:JNPR)          +1 3/8     +0.50%        276
Lucent (NYSE:LU)                 +7/8     +1.29%     68 7/8
Microsoft (Nasdaq:MSFT)       +4 7/16     +4.64%        100
Oracle (Nasdaq:ORCL)             +7/8     +1.05%         84
Schwab (NYSE:SCH)            +1 15/16     +4.31%   46 15/16
Sun Micro (Nasdaq:SUNW)            +1     +1.04%     97 1/4
Qualcomm (Nasdasq:QCOM)        -2 1/8     -1.65%        127
Qwest (NYSE:Q)                +3 1/16     +5.69%     56 7/8
Yahoo (Nasdaq:YHOO)            +6 1/4     +3.53%    183 1/4

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3. Notable Earnings Announcements

For a calendar of recent and upcoming earnings announcements,
please visit: http://www.smartportfolio.com/earnings.asp
AOL users
click here

H.J. Heinz Co. (NYSE:HNZ) announced on Thursday that its fiscal
third quarter profits increased 3.5% year-over-year as
acquisitions helped boost sales growth.  Earnings for the maker
of StarKist canned tuna, Ore-Ida frozen potatoes and 9-Lives cat
food came in at 63 cents per share, which beat First Call
consensus estimates of 62 cents a share.  Shares of the giant
food company best known for its ketchup gained 1/4 (+0.73%) to
34 1/2.

Kroger Co. (NYSE:KR) reported on Thursday higher-than-expected
quarterly profits, as a partial result of greater sales of
private-label products.  Income came in at 39 cents a share,
from 32 cents a share in the year-earlier period, and exceeded
First Call consensus estimates of 38 cents a share.  Shares of
the #1 U.S. grocery chain closed down 5/8 (-4.07%)to 14 3/4.

Lands' End (NYSE:LE) announced on Thursday a 17% decline in
quarterly sales and posted income of 92 cents a share, missing
First Call consensus estimates of $1.09 a share.  Shares of the
Internet and catalog retailer rose 4 9/16 (+14.78%) to 35 7/16.

National Semiconductor (NYSE:NSM) reported on Thursday strong
quarterly profits based largely on increased orders and sales in
its analog chip business.  Earnings came in at 51 cents a share,
beating First Call consensus estimates of 45 cents a share.
Shares of the giant maker of chips for cellular phones and
wireless devices dropped 3 1/2 (-4.24%) to 79.

4. Notable Upgrades and Downgrades

For full coverage of today's upgrades, downgrades and coverage
initiations, please click on the appropriate links below:

-- Upgrades - http://www.smartportfolio.com/upgrades.asp
AOL users
click here

Canon (Nasdaq:CANNY) was upgraded by Merrill Lynch from near-
term accumulate to near-term buy.  Shares rose 7/16 (+1.10%) to
40 5/16.

Eli Lilly (NYSE:LLY) was upgraded by SG Cowen from neutral to
buy.  Shares gained 4 1/2 (+8.11%) to 60.

Georgia-Pacific (NYSE:TGP) was upgraded by Credit Suisse First
Boston (CSFB) from hold to buy.  Shares closed up closed down
3/16 (-0.87%) to 21 1/4.

-- Downgrades - http://www.smartportfolio.com/downgrades.asp
AOL users
click here

American Tower (NYSE:AMT) was downgraded by Morgan Stanley Dean
Witter (MSDW) from stong buy to outperform.  Shares fell 7/16 (-
0.81%) to 53 1/2.

Consolidated Papers (NYSE:CDP) was downgraded by CSFB fro buy to
hold.  Shares dropped 3/4 (-2.19%) to 33 1/2.

Globalstar Telecommunications (Nasdaq:GSTRF) was downgraded by
CIBC World Markets from buy to hold.  Shares closed down 2 11/16
(-12.99%) to 18.

Quintiles Transnational (Nasdaq:QTRN) was downgraded by Merrill
Lynch from near-term accumulate/long-term buy to near-term
neutral/long-term accumulate.  Shares fell 4 1/8 (-17.51%) to 19
7/16.

Triton PCS (Nasdaq:TPCS) was downgraded by Lehman Brothers from
buy to neutral.  Shares fell 3 7/8 (-5.76%) to 63 3/8.

-- Coverage Initiations http://www.smartportfolio.com AOL users
click here

Several retail clothing stores were initiated by Deutsche Banc
Alex. Brown (Deutsche Banc) with a market perform rating,
including Ann Taylor Stores (NYSE:ANN), which fell 1/16 (-0.26%)
to 23 15/16, and Bebe Stores (Nasdaq:BEBE), which dropped 3/8 (-
3.06%) to 11 7/8.

CompuCredit Corp. (Nasdaq:CCRT) was initiated by JP Morgan with
a buy rating.  Shares gained 1 1/2 (+4.71%) to 33 3/8.

Coventry Health Care (Nasdaq:CVTY) was initiated by Goldman
Sachs with a market perform rating.  Shares closed down 1/32 (-
0.39%) to 8.

Globix (Nasdaq:GBIX) was initiated by Merrill Lynch with a near-
term buy/long-term buy rating.  Shares closed up 4 3/8 (+8.00%)
to 59 1/16.

Honeywell (NYSE:HON) was initiated by Warburg Dillon Read with a
strong buy rating.  Shares rose 1 7/16 (+3.37%) to 44 1/8.

Radio One (Nasdaq:ROIA) was initiated by Morgan Stanley with a
strong buy rating.  Shares rose 2 15/16 (+5.15%) to 60.

World Access (Nasdaq:WAXS) was initiated by Morgan Stanley with
a strong buy rating.  Shares jumped 26.50% (up 5 1/4) to 25
1/16.

5. Stock Splits

To obtain the latest information on stock splits, please visit:
http://www.smartportfolio.com/splits
AOL users click
here

This chart shows the companies that will split their shares
during the next 4 business days.  The "Pay" column shows the
payable date.  The "Ex" column refers to the ex-date, the date
on which the stock begins to trade at its split-adjusted price.
The ratio refers to the number of split shares stockholders will
receive (a 2:1 ratio means that stockholders will receive one
additional share for each share they already hold).

Pay     Ex                                   Ann.    Split
Date    Date    Company                Sym.  Date    Ratio
Mar 10  Mar 13  JDS Uniphase           JDSU  Jan 03  2-1
Mar 10  Mar 13  Network Solutions      NSOL  Dec 22  2-1
Mar 10  Mar 13  Aspect Development     ASDV  Feb 15  2-1
Mar 13  Mar 14  SDL Inc                SDLI  Dec 20  2-1
Mar 13  Mar 14  Advanced Digital       ADIC  Feb 17  2-1
Mar 13  Mar 14  Advent Software        ADVS  Feb 17  2-1
Mar 13  Mar 14  NetVoice              NTVTE  Feb 15  2-1
Mar 13  Mar 14  BroadVision            BVSN  Feb 09  3-1
Mar 14  Mar 15  Brocade Communications BRCD  Feb 17  2-1

6. IPO Commentary - http://www.smartportfolio.com/ipo
AOL users click
here.

Two IPOs made their public debuts on Thursday amid a very
healthy, broad-market rally.  Shares of OraPharma, Inc.
(NASDAQ:OPHM), a developer of pharmaceutical products for the
treatment of oral diseases and disorders, bolted 73.61% to close
at 31 1/4, while shares of Riverdeep (Nasdaq:RVDPV), a provider
of technology based educational solutions, soared 243.30% to
close at 66 55/64.

In a show of strength, OTG Software, Inc. (NASDAQ:OTGS), a
provider of online data storage management and data access
solutions, sharply increased its pricing terms:  OTG's
underwriter increased the number of shares from 4 million to 5
million and increased the pricing range from $12-$14 to $16-$18.
In addition, Selectica, Inc. (NASDAQ:SLTC), a provider of
Internet selling system software and services, increased its
pricing range from $9-$11 to $23-$25.

It seemed impossible for investors to become any more excited
about technology/Internet stocks, but apparently they have.  To
find out more about OTG Software and Selectica and to learn of
more upcoming IPOs that are in strong demand, please go to
http://www.smartportfolio.com/freetrial
AOL users click
here.

7.  IPOs Trading Thursday

OraPharma Inc (NASDAQ:OPHM) - Developer of pharmaceutical
products for the treatment of oral diseases and disorders.
Price: 18  Open: 24  High: 36 7/8
Close: 31 1/4 Change: +13 1/4 (+73.61%)

Riverdeep (Nasdaq:RVDPV) - Provider of technology based
educational solutions, specializing in creating educational
software for the K-12 market, delivered over the Internet.
Price: 20  Open: 58 1/8  High: 72 1/2
Close: 66 55/64 Change: +46 55/64 (+243.30%)

8. IPO Calendar - http://www.smartportfolio.com/ipo
AOL users click
here.

*Indicates an Internet related issue.

3/9 - New China Homes Ltd (NASDAQ:-TBA-) - Builds homes in
planned residential communities for middle-class Chinese
families.

*3/10 - OTG Software Inc (NASDAQ:OTGS) - Provider of online data
storage management and data access solutions.

*3/10 - Gt Group Telecom (Nasdaq:GTTL) - Operator of a national
broadband network, providing Internet, high-speed data and voice
services to businesses in Canada.

*3/10 - HomeGrocer.com Inc (NASDAQ:HOMG) - An Internet retailer
of grocery and other consumer products.

*3/10 - Selectica Inc (NASDAQ:SLTC) - Provider of Internet
selling system software and services that enable companies to
efficiently sell complex products and services over intranets,
extranets and the Internet.

3/10 - Stratus Services Group Inc (NASDAQ:SERV) - Provider of
temporary staffing and engineering services.

3/10 - Bio Aqua Systems Inc (AMEX:SEA) - Holding company for
Tepual, S.A., a Chilean corporation that sells various branded
products for animal nutrition, including fish meal, feather meal
and krill meal.

*3/10 - SUNDAY Communication (NASDAQ:SDAY) - Provider of wireless
communication and Internet services in Hong Kong.

********************* Advertisement *************************

REDBACK NETWORKS JUMPS NEARLY 10% AFTER ANNOUNCING STOCK SPLIT!
  Smart!Splits Readers Knew About it Beforehand!  Did you?

Didn't know that Redback Networks (Nasdaq:RBAK) was going to
announce a stock split yesterday?  Subscribers to the
Smart!Splits Report were informed of this possibility in last
week's report!

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**********************************************************************
CERA Conference Call: Sent Tue, December 12, 2000
**********************************************************************

Title: Conference Call and Web Presentation: Volatility in Northeast Energy
Markets...
Author: CERA
E-Mail Category: Conference Call
Product Line: North American Gas , Refined Products ,

URLs:
Refined Products Members:
http://www.cera.com/client/rp/cc/121200_19/rp_cc_121200_19_ab.html

North American Gas Members:
http://www.cera.com/client/nag/cc/121200_19/nag_cc_121200_19_ab.html
*********************************************************

A Cambridge Energy Research Associates Conference Call and Web Presentation
with North American Natural Gas and Refined Products Groups

TOPIC
Volatility in the Northeast Energy Markets: Natural Gas and Distillate Fuels

* National perspective: The gas price shock.
* Price spikes in the Northeast energy markets so far this winter: more to
come?
* Natural gas storage levels: how low can they go?
* Distillate fuel oil: a source of relief for tight Northeast gas markets?

FORMAT
At the time listed below, our speakers will address this topic for
approximately 30 minutes, with accompanying graphics presented on the
Internet, followed by an open question and answer period.

SPEAKERS
Robert Fleck, CERA Associate Director, North American Gas
Martin Meyers, CERA Director, Refined Products
Jennifer Snyder, CERA Associate Director, North American Gas
William Veno, CERA Director, Refined Products

TIME
3:00 P.M. Eastern, Monday, December 18, 2000

ELIGIBILITY
Clients eligible to participate in this conference call are those who
subscribe to the CERA North American Natural Gas and Refined Products
Retainer Advisory Services.

AUDIO & INTERNET
For the AUDIO portion of the call, please call in on one of the following
numbers approximately 10-15 minutes before the call:

Within the United States: 1-800-946-0705
Outside the United States: (719) 457-2637
Confirmation Code: 491053
Title of the call: CERA Gas/Refined Products

For the INTERNET portion of the call (audio is by telephone), log on to the
internet approximately 15-30 minutes before the presentation to ensure
technological compatibility.

1. Point your browser to http://vcast.premconf.com. (Do not include WWW in
the URL)
2. At the VisionCast Home Page, click on "Attend a Private Conference."
3. Follow all directions given regarding additional technology required (if
any).
4. You will be prompted for an Event Name, your name, and your company name.
Event Name: vc491053
5. Fill in all fields and click "Continue."

System Requirements and Suggestions:
* Internet connection not reliant on the phone line you will use for the call.
* A Java-enabled browser, such as Microsoft Internet Explorer 3.02 or higher;
Netscape Navigator 3.02 or higher; or Sun Hot JAVA(tm)
* Close all desktop applications and disable your screen saver

A recording of this call (audio only) will be available until January 18,
2001. To access this recording, please call 1-888-203-1112 (within the U.S.)
or (719) 457-0820 (outside the U.S.). Please use confirmation number 491053
to access the call.

Technical Assistance:
U.S. callers: If you are experiencing difficulties during the call, you may
signal for technical assistance by pressing *0 (star, zero) on your telephone
keypad after you have connected to the audio portion of the conference.

International callers: Please re-dial and ask the operator for assistance
before giving the confirmation code.

For more information, please contact Donna Masulla via e-mail at
dmasulla@cera.com or via telephone at (617) 441-6896.

**end**

Follow URL for HTML version of this message only.

*********************************************************
Come Shoot the Rapids with us at CERAWeek2001, "Shooting the Rapids:
Strategies and Risks for the Energy Future" in Houston, February 12-16,
2001!  For more information and to register, please visit
http://www.cera.com/ceraweek/
*********************************************************

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You're not done yet big boy.
---------------------- Forwarded by John Arnold/HOU/ECT on 09/19/2000 05:34
PM ---------------------------

Julie Pechersky
09/19/2000 02:31 PM
To: John Arnold/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT, David J
Vitrella/HOU/ECT@ECT, Selena Gonzalez/HOU/ECT@ECT, Madhur Dayal/HOU/ECT@ECT,
Reza Rezaeian/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Anna
Santucci/NA/Enron@Enron, David J Botchlett/HOU/ECT@ECT
cc:
Subject: We need your feedback regarding the demonstrations you attended.

We really appreciate your attendance of the demonstrations of Reuters, Bridge
and Globalview software.  Please take a minute
to fill out the attached feedback form so that we will know what you thought
of each application.  Return the completed form to me.

Thanks again for you time!

Julie
39225


The real deal:


======================================================
VENTUREWIRE --- Thursday, October 5, 2000
======================================================
Private Company Business News
------ Published Daily by Technologic Partners -------
http://technologicpartners.com
======================================================

Top Stories:

o Broadcom Buys Chip Maker Element 14 for About $640 Million
o Sony Broadband Launches Incubator 550 Digital Media Ventures
o Business Incubator GameChange Launches with $100 Million
o $200 Million First Close For $300 Million New Polish Fund
o Productopia Review and Advice Site Closes Down
o Optical Networking Firm CyOptics Secures $57 Million

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Also in This Issue:

New Money:
o Customer Management Firm Talisma Has $31.5 Million Round One
o Ripcord Systems Raises $16.5 Million From Softbank UK
o ASP ACTIV-e Solutions Gets $550,000 Funding in First Round
o E-Customer Service Firm IslandData Has $7.5 Million Series A
o E-Marketplace Advisor Novoforum Launches With $8.2 Million
o Expense Management Tech Firm Bizexpense Gets $1 Million Seed
o IT Services Provider iCelerate Raises $1 Million Seed Round
o Shopping Search Engine PriceNgine Gets $1 Million Round A
o Software Marketplace Salmon River Software Raises Seed Funds
o E-Commerce Tech Firm Cyclone Raises $31 Million Series B
o Actional Raises $17.7 Million in Second Round of Funding
o Employee Purchasing Plan E-Duction Gets $8 Million Round Two
o Heavy Equipment Market Vendquest Gets $6.3 Million Round Two
o Paytrust and PayMyBills Close Merger Deal, Gets $20 Million
o E-Business Tech Firm ePartners Gets $35 Million Round Three
o New U.K. VC Far Blue Invests $873,000 in Polaris Telemetry
o Financial Tech Firm Alterna Gets $19.9 Million Third Round
o Wireless Technology Firm ITFinity Has New Individual Backers
o E-BizChain Gets $8 Million from Kleiner Perkins and Asera
o Infrastructure Firm NetScaler Gets $35 Million Series D
o Web-Based Teacher Trainer WebED Gets Funding From VIMAC

New Products:
o Feld Group Spins Off Software Management Firm Contrado
o Charity ASP CoreMatter Launches Service, eGiving Workplace
o Job Site Wayfair.com Prepares to Launch on Monday
o Network Storage Services Firm Pyxsys Launches

New Deals:
o Amazon.com Forms Alliance with Photography Service Ofoto

M&A:
o WatchGuard Buys Security Software Firm Qiave for $66 Million
o Peopleclick Acquires Net Sourcing Technology Firm Claybrooke

New Directors:
o Oblix Chief Joins Workforce Management Firm Icarian's Board
o Employee Management Service IQNavigator Names Boardmembers

New People:
o Former President and CEO of Lotus Named Head of Maptuit
o Studionext Names Independent Film Producer First CEO
o Worker Communication Firm Verticore Hires President & COO
o E-Security Firm Solfsoft Names Its COO To Board, CEO Post
o Sales Training Firm The Richardson Company Names Co-CEO

VC Fund News:
o $20 Million Fund Created By Emerging Imaging Technologies
o European Investment Firm Far Blue to Close on $14.6 Million
o Sports Restaurant Chain Launches Champions Tech Ventures

VW Amplification:
o Primus Venture Partners

VW Corrections:
o 3Plex
o Pivotal Asset Management

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======= Top Stories =======

o Broadcom Buys Chip Maker Element 14 for About $640 Million

IRVINE, Calif. -- Broadcom, a publicly traded company
which provides integrated circuits for broadband
communications, said it will acquire Cambridge,
U.K.-based Element 14, which develops digital subscriber
line chipsets, software, and communications processor
technology, for 2.65 million shares of stock, or
about $640 million, in an all-stock transaction.
Following the acquisition, Broadcom will establish
a new DSL business unit to be headed by Stan Boland,
Element 14's president and CEO. Element 14 is backed
by Bessemer Venture Partners, Atlas Venture, Amadeus
Capital Partners, NIF Ventures, TTP Ventures, and
Sofinnova Venture Partners.
http://www.broadcom.com/
http://www.element-14.com/
_____________________________________________

o Sony Broadband Launches Incubator 550 Digital Media Ventures

NEW YORK -- Sony Broadband Entertainment said it
formed a subsidiary, 550 Digital Media Ventures,
that will incubate, fund, and acquire digital media
companies. Sony has contributed several hundred
million to the venture. Working with Sony Corp.
of America (SCA), Sony Music Entertainment (SME),
and Sony Pictures Entertainment (SPE), 550 Digital
Media Ventures will develop and manage a network
of digital media companies. Initially, the network
will consist of about 35 companies. 550 Digital
Media Ventures will focus on broadband services,
wireless, personal broadcasting, e-mail and direct
marketing, digital asset management, e-commerce
facilitation, and professional Internet services.
550 Digital Media Ventures will target companies
based in the U.S. Howard Stringer, chairman and
CEO of SCA and president of SBE, will be chairman
of 550 Digital Media Ventures. Fred Ehrlich will
serve as president and CEO of the new subsidiary,
and continue to act as president of new technology
and business development for SME. The company will
be headquartered in New York, with offices in San
Francisco, Los Angeles, and London.
http://www.550dmv.com/
_____________________________________________

o Business Incubator GameChange Launches with $100 Million

PALO ALTO, Calif. -- Andersen Consulting's venture
capital unit AC Ventures and Softbank Venture Capital
said they have launched GameChange, a network of
incubators and seed investment centers, with investments
totaling up to $100 million. GameChange opened its
first incubation center in Palo Alto, and will establish
a total of ten incubation centers in areas with
high technology developent and focus on technology
companies in high-growth markets such as Internet
comerce, software, and infrastructure. AC Ventures
and Softbank will provide services to portfolio
companies of GameChange, which will also work with
companies independently. The new firm will invest
up to $2 million in its companies and will incubate
them for an average of six months. Barry W. Carter
and Scott Killips of AC Ventures and Rex Golding
and Gary E. Rieschel of Softbank will sit on the
company's board of directors. GameChange's founding
managing directors are Par Arvidsson, a former partner
with consulting firm Strategic Decisions Group,
and Mark Lockareff, former vice president of corporate
development with Excite@Home.
http://www.gamechange.com/
_____________________________________________

o $200 Million First Close For $300 Million New Polish Fund

WARSAW -- Enterprise Investors, which provides private
equity and investment services in Poland and Central
Eastern Europe, said it raised $200 million in the
first closing for its fourth fund, PEF IV. Enterprise
Investors intends to close the fund with $300 million
in capital. PEF IV will make investments of between
$3 million and $25 million in IT and Internet, telecommunications,
pharmaceuticals, healthcare, consumer goods, industrial
products, energy, financial services, and media.
The fund will concentrate on investments in Poland
but may invest 20% of its committed capital to companies
in other Central European nations. Investors who
took part in the first closing of Polish Enterprise
Fund IV include EBRD, CalPERS, MetLife, Bank Vontobel
AG, General Motors Retirement Fund, Partners Group,
New York Life, Enterprise Investors, and  Frank
Russell Capital.
http://www.ei.com.pl/
_____________________________________________

o Productopia Review and Advice Site Closes Down

SAN FRANCISCO -- Productopia, which provided third-party
advice about products for online customers, said
it closed. The site, which raised $16 million in
a second round funding in February, had been backed
by investors including Amicus Investments, Angel
Investors, Arba Seed Investment Group, Bessemer
Venture Partners, Osprey Ventures, and RRE Ventures.
Telephone 415-856-4006.
http://www.productopia.com/
_____________________________________________

o Optical Networking Firm CyOptics Secures $57 Million

HAIFA, Israel -- CyOptics, which designs, manufactures,
and markets high-performance optical networking
components, said it has secured $57 million in venture
capital funding. Participants in the round include
Cisco Systems, Corning, Intel Capital, and Vitesse.
Semi-Conductors Devices (SCD), a partnership owned
equally by military technology firms Elbit Systems
and Rafael Armaments Development Authority also
invested $4.8 million in the current round.  Prior
to this investment, SCD held approximately 26.1%
of CyOptics and now has 22.8%. CyOptics original
shareholders, including SCD, also participated in
the round.
http://www.cyoptics.com/

======= New Money =======

o Customer Management Firm Talisma Has $31.5 Million Round One

SEATTLE -- Talisma, which develops products that
enable companies to manage customer interactions
on their Web sites, said it secured $31.5 million
in first round funding led by Oak Investment Partners.
Madrona Venture Partners, Carlyle Group, SeaPoint
Ventures, and Cedar Grove Investments also participated
in the round of financing. Fred Harman, general
partner at Oak Investment Partners, and Tom Hughes
of Cedar Grove Investments, will join Talisma's
board. The company will use the funding for international
expansion and product development.
http://www.talisma.com/
_____________________________________________

o Ripcord Systems Raises $16.5 Million From Softbank UK

LONDON -- Ripcord Systems, which develops wireless
products and services connecting mobile users with
corporate systems, said it raised $16.5 million
in its first round of funding. The round was entirely
funded with capital from Softbank UK Ventures. The
company said it will use the funds to grow its existing
operations in Europe and North America, expand into
Asia, and develop new technologies. Both David Sola,
a partner with Softbank UK and Mark Booth, a managing
partner with Softbank UK, will take seats on the
company's board of directors as a result of the
investment.
http://www.ripcordsystems.com/
_____________________________________________

o ASP ACTIV-e Solutions Gets $550,000 Funding in First Round

PLYMOUTH MEETING, Pa. -- ACTIV-e Solutions, an application
service provider, said it raised $550,000 in its
first round from Mentor Capital and individual investor
Ken Macrae, retired founder of Keystone Venture
Capital. The company will use the funds to develop
and build its ASP. ACTIV-e specializes in the use
of Citrix technology for high-speed access to Windows
NT and UNIX business applications.
http://www.active-e.com/
_____________________________________________

o E-Customer Service Firm IslandData Has $7.5 Million Series A

CARLSBAD, Calif. -- IslandData, a provider of automated
response technology for the online customer service
market, said it raised $7.5 million in its Series
A round from MK Global Ventures, Whelan & Gratny
Capital Management, and PSI Net. The company will
use the funds for expansion.
http://www.islanddata.com/
_____________________________________________

o E-Marketplace Advisor Novoforum Launches With $8.2 Million

HOUSTON -- Novoforum, which helps business select
viable electronic marketplaces, announced it has
launched. The company received $8.2 million in its
first round of funding from Austin Ventures, Trellis
Partners, Excalibur Partners, and Sanders Morris
Harris. The company said it is using the funds to
continue research and development, expand the electronic
marketplace analysis function, to develop Internet
management consulting services and for marketing.
The company was founded by CEO John Lee, who was
senior vice president of process verticals for Oracle.

http://www.novoforum.com/
_____________________________________________

o Expense Management Tech Firm Bizexpense Gets $1 Million Seed

SUNNYVALE, Calif. -- Bizexpense.com, a provider
of business-to-business expense management software
and services, said it raised $1 million in its seed
round from Arcturus Capital. The company will use
the funds to launch its expense management software
designed to reduce costs for businesses by streamlining
the management of travel and entertainment expenses.
http://www.bizexpense.com/
_____________________________________________

o IT Services Provider iCelerate Raises $1 Million Seed Round

SAN JOSE, Calif. -- ICelerate, which provides technology
and services such as development, hosted applications,
and Internet maintenance, said it secured $1 million
in its seed round of funding from Global Internet
Ventures and Ashok Narasimhan, a former senior executive
at VeriFone. The company said it will use the funds
to acquire Sarsoft, an application software implementation
and consulting service, and to begin building development
capabilities in India. Bruce Robertson, director
of Investments at Global Internet Ventures, and
Mr. Narasimhan have joined iCelerate's board of
directors.
http://www.icelerate.com/
_____________________________________________

o Shopping Search Engine PriceNgine Gets $1 Million Round A

LOS ANGELES -- PriceNgine Technologies, which provides
technology designed to assist customers with online
shopping, said it raised $1 million in its Series
A round of financing from an undisclosed individual
investor. The company will use the funds to develop
its technology, search engine features, and to start
their business-to-business sales efforts.
http://www.pricengine.com/
_____________________________________________

o Software Marketplace Salmon River Software Raises Seed Funds

BOXFORD, Mass. -- Salmon River Software, an online
portal marketplace for buyers and sellers of enterprise
software, said it raised an undisclosed amount of
financing in its seed round from individual investor
John Prendergast. Mr. Prendergast is vice president
of operations and management for Technauts, which
provides software for Internet appliances. The company
is currently negotiating its Series A round of funding.
http://www.salmonsoft.com/
_____________________________________________

o E-Commerce Tech Firm Cyclone Raises $31 Million Series B

SCOTTSDALE, Ariz. -- Cyclone Commerce, a platform
provider for business-to-business electronic commerce,
said it has raised $31 million in its Series B round
of funding led by Koch Ventures and Trinity Ventures.
The company said the funds will go towards expansion.
Jeff Hardesty, managing director at Koch Ventures,
and Tim McAdam, general partner at Trinity Ventures,
have joined the Cyclone board.
http://www.cyclonecommerce.com/
_____________________________________________

o Actional Raises $17.7 Million in Second Round of Funding

MOUNTAIN VIEW, Calif. -- Actional, a provider of
Internet business integration software for market
applications, said it raised $17.7 million in its
second round from new investors NeoCarta Ventures
and Zesiger Capital Group. Previous investors New
Enterprise Associates, International Capital Partners,
and individual investors also participated. The
company will use the funds to develop and market
its Internet business integration product, Actional
Control Broker. Karin Kissane of NeoCarta joined
Scott Sandell from New Enterprise Associates and
Doug Ayer from International Capital Partners on
Actional's board.
http://www.actional.com/
_____________________________________________

o Employee Purchasing Plan E-Duction Gets $8 Million Round Two

PHILADELPHIA -- MarketMembers.com, whose product
enables employees to make purchases of up to 2.5%
of their annual salary free of interest, with payment
to be deducted from future paychecks for up to six
months, said it changed its name to e-Duction and
received $8 million in a round of funding led by
New York City-based RRE Ventures. Participation
in the round also came from PA Early Stage, a Safeguard
Scientifics affiliated private equity fund, and
Keystone Venture Capital. Jim D. Robinson III of
RRE Ventures was named to the company's the board.
The proceeds from the round will go towards launching
the company's new employee benefits program.
http://www.e-duction.com/
_____________________________________________

o Heavy Equipment Market Vendquest Gets $6.3 Million Round Two

MURRAY HILL, N.J. -- Vendquest, a marketplace for
buyers and suppliers of heavy industry and trucking
equipment, said it secured $1.8 million in its second
round of funding from Terex, bringing the total
amount raised in the round to $6.3 million. The
company said other participants in the round include
industry and individual investors. The company said
it will use the funds to develop its technology
platform and marketplace. The company was originally
backed by a $3 million investment from founder Conti
Enterprises.
http://www.vendquest.com/
_____________________________________________

o Paytrust and PayMyBills Close Merger Deal, Gets $20 Million

LAWRENCEVILLE, N.J. -- Online bill payment services
Paytrust.com and PayMyBills.com, said they have
finalized the merger of the two companies, and concurrently
received $20 million in venture capital. The financing
was provided by American Express, Citibank, ComVentures,
E*TRADE, FTVentures, GE Equity, idealab Capital
Partners, SOFTBANK Venture Capital, and Spectrum
Equity Investors. The companies said they will use
the funds to further develop Paytrust, the parent
company of the combined organization.
http://www.paymybills.com/
http://www.paytrust.com/
_____________________________________________

o E-Business Tech Firm ePartners Gets $35 Million Round Three

DALLAS -- ePartners, which provides businesses with
electronic business technology, said it has secured
$35 million in its third round of funding led by
Texas Growth Fund. The round also included Liberty
Mutual Group and Austin Ventures, which has invested
more than $22 million in the company to date. ePartners
said it will use the funds to reduce its debt, build
its technology, and fuel its demand generation marketing
programs.
http://www.epartnersolutions.com/
_____________________________________________

o New U.K. VC Far Blue Invests $873,000 in Polaris Telemetry

LONDON -- Far blue, a new English accelerator and
investment vehicle, said it invested $873,000 in
Polaris Telemetry, which develops technology for
the online regulation of environmental controls.
The company said Polaris will use the funds for
business expansion into other European markets.
Polaris Telemetry currently provides systems networking
for security, fire protection, energy management,
and power control, and switching. Far blue will
take two seats on the company's board of directors
as a result of its investment. Both its chief technology
officer and its chief finance officer will assume
positions on the board.
http://www.farblue.com/
http://www.polaris-tel.co.uk/
_____________________________________________

o Financial Tech Firm Alterna Gets $19.9 Million Third Round

CALGARY, Ontario -- Alterna Technologies, a financial
technology company that delivers financial and business
transactions over the Internet, said it has raised
CAD $30 million ($19.9 million) in its third round
of funding round led by Ontario Municipal Employee
Retirement Systems. The financing also included
Whitecastle Investments, a Canadian and an international
bank, and Cargill. The funds will be used to support
the company's growth.
http://www.alterna.com/
_____________________________________________

o Wireless Technology Firm ITFinity Has New Individual Backers

BOMBAY, India -- ITFinity Solutions, which develops
wireless technology that operates a Web portal dedicated
to mobile phone service, said it received new funding
from individual investors. McKinsey & Co. managing
director Rajat Gupta and Wind River vice chairman
Naren Gupta have invested in the company for a combined
equity stake of 5%. The company recently released
its first product, a wireless portal platform which
enables operators, portals, and enterprises to be
WAP-enabled. The company is also backed by Edelweiss
Capital, which holds a 25% equity stake, and incubator
Idea Cradle. ITFinity Solutions will be raising
a venture capital round soon and hopes to close
on between $3 million and $5 million.
http://www.itfinity.com/
_____________________________________________

o E-BizChain Gets $8 Million from Kleiner Perkins and Asera

ORLANDO, Fla. -- E-BizChain, an enterprise supply
chain provider of advanced XML/EDI services that
link online buyers and suppliers, said Kleiner Perkins
Caufield & Byers has taken a minority equity stake
as lead investor in the company, with a co-investment
from Internet business services provider Asera.
Both companies have invested a total of $8 million.
E-BizChain is being launched as a separate company
by its parent company, IntraGlobe, which was founded
in 1998 by Jogen Shah.
http://www.e-bizchain.com/
_____________________________________________

o Infrastructure Firm NetScaler Gets $35 Million Series D

SANTA CLARA, Calif. -- NetScaler, which develops
infrastructure technologies that accelerate and
protect online transactions, said it secured $35
million in its Series D round of funding. New investor
Goldman Sachs led the round, which included other
new investors Bay Partners and Mellon Ventures as
well as previous investors Credit Suisse First Boson
and Gabriel Venture Partners. Ankur Sahu of Goldman
Sachs will join the company's board of directors.
The company will use the funding to develop Internet
infrastructure devices and applications.
http://www.netscaler.com/
_____________________________________________

o Web-Based Teacher Trainer WebED Gets Funding From VIMAC

HAMPTON, N.H. -- WebED, which provides online professional
development training for educators, said it has
secured an undisclosed amount of funding from Venture
Investment Management Company (VIMAC), a Boston-based
venture capital firm. The funds will be used for
sales and marketing expansion and product development.
Prior to this round, WebED raised nearly $5 million
through a series of angel financing rounds.
http://www.webed.com/

======= New Products =======

o Feld Group Spins Off Software Management Firm Contrado

DALLAS -- Technology and management services provider
Feld Group said it spun off Contrado, a provider
of software management services, with an undisclosed
investment from Softbank Venture Capital. Softbank
will also provide services to the firm. The Feld
Group still holds equity in Contrado. Contrado offers
services that enable users to deliver software and
configurations to different devices. The company
is headquartered in Dallas, has an office in Jacksonville,
Florida, and is led by president and CEO Kenny Feld.
http://www.contrado.com/
_____________________________________________

o Charity ASP CoreMatter Launches Service, eGiving Workplace

SAN FRANCISCO -- CoreMatter, formerly All Charities,
a provider of community involvement applications
and services to companies, said it launched its
first product, eGiving Workplace. The product will
help companies manage employee workplace giving
by eliminating paperwork and giving companies an
application that supports, manages, tracks, and
reports on employee donations. CoreMatter is backed
by Jesse Hansen & Co. and individual investors.
http://www.corematter.com/
_____________________________________________

o Job Site Wayfair.com Prepares to Launch on Monday

CHICAGO -- Wayfair.com, an online staffing service,
said it will launch its Web site on October 9. The
site will offer employers reduced fees and job applicants
a hiring bonus plus an additional $1,000 for referring
another successful applicant. The site prequalifies
job applicants by having them fill out an online
form. If the applicants do not qualify, they are
redirected to jobs that match their backgrounds.
The launch was funded with an undisclosed amount
of first-round financing from individual investors.
http://www.wayfair.com/
_____________________________________________

o Network Storage Services Firm Pyxsys Launches

CAMBRIDGE, Mass. -- Arthur D. Little (ADL), a management
and technology consulting firm, announced the launch
of Pyxsys, a stand-alone company that will develop
and deliver network storage services and operate
as a wholly owned subsidiay of ADL. Pyxsys was launched
by ADL Capital, an incubator established by Arthur
D. Little, with $7.5 million in first round financing.
The company also said Pyxsys acquired Papillon Research,
a provider of technical design services and support
for processors and computer board designers, in
a stock transaction. ADL did not disclose financial
terms of the deal.
http://www.pyxsystech.com/

======= New Deals =======

o Amazon.com Forms Alliance with Photography Service Ofoto

SEATTLE -- Amazon.com launched its new camera and
photo store and announced an alliance with Ofoto,
an online photography service. As part of the deal,
Amazon.com received warrants enabling the company
to acquire around 5% of Ofoto. A spokesperson for
Ofoto said Amazon.com has not yet taken  a stake
in the company. Amazon's site will offer a new section
that includes photo-related products and will also
allow customers to upload and view photographs from
digital cameras and send prints to friends. Ofoto
is funded by Barksdale Group, Benchmark Capital
Partners, and  individual investors.
http://www.ofoto.com/

======= M&A =======

o WatchGuard Buys Security Software Firm Qiave for $66 Million

SEATTLE -- WatchGuard Technologies, a provider of
Internet security and virtual private network technology,
said it acquired Qiave Technologies, which provides
digital information security for corporate internetworking,
for approximately 1.29 million shares of common
stock, valued at $66 million. Qiave's chief executive
officer Jack Danahy will serve as vice president
and general manager of WatchGuard's server security
product line. Qiave is funded by JMI Equity Fund,
Commonwealth Capital, and Massachusetts Technical
Development.
http://www.watchguard.com/
http://www.qiave.com/
_____________________________________________

o Peopleclick Acquires Net Sourcing Technology Firm Claybrooke

RESEARCH TRIANGLE PARK, N.C. -- Peopleclick, which
provides online human resources management tools,
said it has acquired Claybrooke & Associates, an
Internet sourcing technology company, for an undisclosed
amount. Tracey Claybrooke, the founder of Claybrooke
& Associates, will serve as vice president of Peopleclick.
Peopleclick is backed by Morgan Stanley Dean Witter
Venture Partners, Lovettt Miller Venture Fund II,
North Carolina Enterprise Fund, and Primus Capital
Fund IV.
http://www.peopleclick.com/

======= New Directors =======

o Oblix Chief Joins Workforce Management Firm Icarian's Board

SUNNYVALE, Calif. -- Icarian, a provider of workforce
management software and services, said it has appointed
Gordon Eubanks, president and CEO of Oblix, to its
board of directors. Mr. Eubank, who is the sixth
member to join the board, is former president and
CEO of Symantec. He also founded C&E Software. Icarian
has raised a total of $74 million in venture capital
to date. The company is backed by Van Wagoner Capital
Management, Kleiner Perkins Caufield & Byers, Patricof,
Fidelity Ventures, and Hambrecht & Quist/Access
Technology Partners. It has also received funding
from Sun Microsystems, Oracle, and TMP Worldwide.
http://www.icarian.com/
_____________________________________________

o Employee Management Service IQNavigator Names Boardmembers

DENVER -- IQNavigator, which provides employee management
services for Internet companies, said it has appointed
Carl Vogel, senior vice president of Liberty Media
Corporation and president and chief executive officer
of Liberty Satellite and Technology, to its board
of directors. Also joining the board are: Kinney
Johnson, partner at Sequel Venture Partners; Joseph
C. Manzinger, vice president of Hillman Company;
and James Paterek, the CEO of Cape Success. IQNavigator,
which recently closed a $15 million Series C funding
round, is backed by Hillman Company and Sequel Venture
Partners. Individual investors include; Steve Gray
of McLeod Communications; Larry Tanning of Tanning
Technology; John Orr of Liberty Media; Donald Bechter
of Daniels Company; and individuals affiliated with
Solomon & Smith Barney.
http://www.iqnavigator.com/

======= New People =======

o Former President and CEO of Lotus Named Head of Maptuit

BURLINGTON, Mass. -- Maptuit, which provides online
and wireless logistics services, said it named Jeff
Papows as its chief executive officer. Mr. Papows
comes to Maptuit from Lotus, where he served as
president and CEO. Maptuit recently raised $5 million
in funding from Canadian incubator and operating
firm itemus and Descartes Systems Group.
http://www.maptuit.com/
_____________________________________________

o Studionext Names Independent Film Producer First CEO

NEW YORK -- Studionext, which provides digital media
and production services, said it appointed Ira Deutchman
as its first chief executive officer. Mr. Deutchman
was previously founder and partner of Redeemable
Features and was also founder of Fine Line Features.
Studionext is funded by the Aslan Group and is starting
its Series B round of funding.
http://www.studionext.com/
_____________________________________________

o Worker Communication Firm Verticore Hires President & COO

SALT LAKE CITY -- Verticore Technologies, which
provides technology for connecting employees within
the manufacturing industry, said it has appointed
Allan Reaburn, a former senior executive of Honeywell,
as its president and chief operating officer. Mr.
Reaburn was most recently the vice president of
Honeywell's Hybrid Business Unit. Verticore is backed
by Viridian Capital Partners and Wasatech Venture
Fund.
http://www.verticore.com/
_____________________________________________

o E-Security Firm Solfsoft Names Its COO To Board, CEO Post

MOUNTAIN VIEW, Calif. -- Solsoft, a provider of
policy management for electronic business security,
said it has named Victor C. Langford as chairman
of the board and chief executive officer. Mr. Langford,
who joined Solsoft in March as president and chief
operating officer, was senior vice president at
Novell. He has also held several senior management
positions at Hewlett-Packard. He succeeds Jerome
Fougerat, Solsoft's founder, who will continue to
guide Solsoft with a focus on strategic alliances.
Solsoft is backed Carlyle Internet Partners Europe,
Intel Capital, Cita, Innovacom-Technocom, Societe
Generale Asset Management, Sofinnova Partners, Vantech,
and Viventures.
http://www.solsoft.com/
_____________________________________________

o Sales Training Firm The Richardson Company Names Co-CEO

PHILADELPHIA -- The Richardson Co., which provides
sales training and management products and services
to large corporations, said it appointed Matthew
R. McGovern, former Merrimac Interactive Media founder
and president, to the position of co-chief executive
officer. Mr. McGovern will be sharing the role of
CEO with the company founder Linda Richardson. Richardson
Co. is backed by Capital Resource Partners.
http://www.richardsonco.com/

======= VC Fund News =======

o $20 Million Fund Created By Emerging Imaging Technologies

FOSTER CITY, Calif. -- Electronics For Imaging (EFI),
which provides technology that allows copiers, printers
and digital presses to be shared online and across
businesses and work groups, said it formed the Electronics
For Imaging venture fund, which will invest in early-stage
imaging technology companies. The initial allocation
for the fund stands at a total of $20 million. The
fund has not announced any investments at this time.
Investors for Electronics For Imaging include undisclosed
institutional and individual investors.
http://www.efi.com/
_____________________________________________

o European Investment Firm Far Blue to Close on $14.6 Million

LONDON -- Far blue ventures, a new European venture
capital investment and acceleration company, said
it will soon close a $14.6 million round of funding.
Peter Helfet, the company's chief technology officer,
said the round was raised from individual and institutional
American investors. Far blue invests in startup
companies developing data storage and data transmission
networks, optoelectronics, telecoms, wireless and
Internet infrastructure, and imaging and display
technologies. The company's portfolio includes Doctorsworld,
mCentric, Polaris Telemetry, Polight Technologies,
and Infinite Data Storage. The company has received
backing from investors including J&W Seligman and
Aberdeen Asset Management.
http://www.farblue.com/
_____________________________________________

o Sports Restaurant Chain Launches Champions Tech Ventures

ARLINGTON, Va. -- Publicly traded Champions Sports,
which operates sports-themed restaurants, announced
the launch of Champions Tech Ventures. Champions
Tech will provide management services to early-stage
technology companies. The company will provide advice
and consultation concerning fundraising, marketing,
and partnership efforts in exchange for cash compensation
and equity in client companies. Harry Lee, chief
operating officer for Champions Sports, will be
the subsidiary's president and chief executive officer.
http://www.championsinc.com/

======= VW Amplification =======

o Primus Venture Partners

NEW YORK -- On Sept. 28 VentureWire reported that
Primus Venture Partners' fifth fund will focus largely
on online learning companies. Primus will invest
more in online learning companies with Primus V
than in its previous funds, but the new fund will
also continue to invest in other sectors, including
business services, telecommunications, Internet
and e-commerce, and healthcare.

======= VW Corrections =======

o 3Plex

NEW YORK -- An item in Tuesday's VentureWire incorrectly
identified Greg Pope as chief executive officer
of 3Plex in the headline. Mr. Pope is the company's
chief operating officer.
_____________________________________________

o Pivotal Asset Management

NEW YORK -- An item in yesterday's VentureWire contained
an incorrect contact number for Pivotal Asset Management.
The correct number is 415-834-3500.

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You're invited!

Come learn about the Jones Graduate School of Management at Rice University!  This is your opportunity to meet to meet with individuals from the Jones Office of Admissions, as well as with current students and alumni.

Date:  Monday, November 5, 2001

Time:  6:00 - 8:00 pm

Location:  ECN 5c2

Space is limited, so please email Constance Charles by November 1st to RSVP.

Thanks, and hope to see you there!