EHEALTH, INC. (EHTH)
Last Trade: 22.50
Trade Time: 12:15PM ET
Change: Up 8.50 (60.71%)
Shares of online health insurance company eHealth Inc. rose 79 percent in their market debut on Friday, a day after pricing above a forecast range.

The shares opened at $25 before falling back to $23 in morning trade on Nasdaq.

The offering of 5 million shares raised $70 million on Thursday after pricing at $14 per share, compared with a forecast range of $10 to $12.

The pricing gave the company an initial market capitalization of more than $293 million.

EHealth continues a string of recent IPOs from technology-related companies with strong openings.

In September, shares of computer networking company Riverbed Technology Inc. rose 57 percent in their market debut, while shares of software makers CommVault Systems Inc. and DivX Inc. opened 10 percent and 22 percent higher, respectively.

EHealth plans to use net proceeds from the IPO for working capital, general corporate purposes, and possible acquisitions.

The Mountain View, California-based company is licensed to sell health insurance in all 50 states and the District of Columbia and offers products online, according to a filing with the U.S. Securities and Exchange Commission.

ACME PACKET (APKT)
Last Trade: 14.82
Trade Time: 12:17PM ET
Change: Up 5.32 (56.00%)
Shares of Acme Packet Inc., which makes computer networking equipment, rose as much as 70 percent in their market debut on Friday, the day after they priced above a forecast range.

The stock was up $5.51, or 58 percent, at $15.01 in morning Nasdaq trade after rising as high as $16.19 earlier in the session. It opened at $14.

The 11.47-million-share offering raised $109 million on Thursday after pricing at $9.50 a share, compared with an $8 to $9 forecast.

The range was upgraded earlier Thursday from an initial $6.50 to $7.50 per share forecast.

The pricing gave the company a market capitalization of $538.7 million.

In September, shares of computer networking company Riverbed Technology Inc. rose 57 percent in its market debut after pricing above a forecast range. That stock was down 39 cents, or 2.1 percent, at $18.45 on Friday -- but still about 90 percent above the offering price.

Acme Packet creates products to deliver secure communications across Internet network borders, according to the filing with the U.S. Securities and Exchange Commission.

The Burlington, Massachusetts-based company plans to use net proceeds from the offering for working capital and other general corporate purposes, which may include financing growth, developing new products, capital expenditures, acquisitions and investments, according to an amended filing with the SEC.

Viewpoint Corp. (VWPT)
Last Trade: 0.7237
Trade Time: 12:13PM ET
Change: Down 0.2963 (29.05%)
Web search, advertising and imaging services company Viewpoint Corp. slashed its full-year revenue outlook Friday, citing soft ad spending and customers' product delays.

The company said it expects sales to range from $17 million to $20 million for the year, well below its prior outlook of $26 million to $30 million.

For the third quarter, Viewpoint expects sales of about $3 million.

"During the first three quarters of 2006, we estimate that our Unicast revenue more than doubled compared to the same period in 2005," said Patrick Vogt, chief executive, in a statement. "Unfortunately, in the past few weeks we have also seen a decline in orders for our lower margin media services products in the Unicast business."

The company, whose clients include General Electric, Sony and Toyota, said a downturn in car advertising can have a "significant short-term impact" on a business its size.

Viewpoint added it expects to take a non-cash goodwill impairment charge in the third quarter for its services segment, which was also hurt by the softness from automotive customers.

Shares of Viewpoint fell 33 cents, or 32.4 percent, to 70 cents on the Nasdaq.