XYLOGICS IN INITIAL PUBLIC OFFERING
Xylogics Inc is making an initial
public offering of 1,089,300 shares of common stock at 16 dlrs
a share, co-managing underwriters Salomon Brothers Inc and
Cowen and Co said.
    Of the shares being offered, 750,000 are being sold by the
company and the rest by selling shareholders. The company has
granted the underwriters an over-allotment to buy up to 150,000
more shares.
    Proceeds to the company will be used to acquire automated
manufacturing, testing and engineering equipment, to finance
facilities expansion, for working capital and general corporate
purposes.
    The company makes controllers that manage data flow between
computers and peripherals.
 Reuter
