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October 12, 1995

SHARE & BOND ISSUES

By CBR Staff Writer

Meta Group Inc, Stamford, Connecticut computer industry research house, has filed with the US Securities & Exchange Commission to go public with an initial offer of 2.4m shares, 1.5m of them new. It expects proceeds of $17.4m, and wants it for working capital and product development. Underwriters are Robertson, Stephens & Co, Donaldson, Lufkin & Jenrette Securities Corp and First Albany Corp.

Ross Technology Inc, the Fujitsu Ltd-owned Sparc designer, has amended its registration statement for its flotation – the Austin, Texas company is offering 3.5m new shares at a target $12 to $14 a share, to show that Sun Microsystems Inc will be coming in alongside Fujitsu as a corporate shareholder. It plans to offer Sun the right to buy $13.764m shares directly from the company, at a gross price per share equal to the per share public offering price less underwriting discounts and commissions, and a warrant for additional shares at the same price to give it the right to buy shares up to a total of 9.9% of the company’s outstanding capital stock as of the date of acquisition by exercise of the warrant. The underwriters are Robertson, Stephens & Co LP and PaineWebber Inc.

Secure Computing Corp, Roseville, Minnesota developer of Internet firewalls and government products has filed with the US Securities & Exchange Commission to go public with an initial offer of 1.8m shares, 1.75m of them new, at a target $13 to $15 a share; no word on plans for the cash; Piper Jaffray Inc and Robertson, Stephens & Co LP underwrite.

US West Inc’s US West Communications Inc issued $500m in debt in a two-part deal: the first tranche is $250m in noncallable 6.375% notes due October 15 2002 priced at $99.72% to yield 6.425%. The second tranche consisted of $250m in 7,25% debentures due October 15 2035, priced at $98.575% to yield 7.361%. Lead manager was Lehman Brothers.

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