Word: sigmatel
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Dates: during 2000-2009
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...Consider SigmaTel, which makes computer chips used in MP3 players. It's in a hot field, it has survived for a decade, and it turned profitable this year. Two-thirds of the $150 million raised by its Sept. 18 IPO will stay with the company to fund things like research and development. (Yes, its honchos will net a bundle, but they have actually earned it.) The stock made its debut at $15 and now trades in the low $20s. This is fairly typical of the kind of company selling initial shares--and of the market's receptiveness...
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