Investor AM: Will XML sell an IPO?

Is the price right for Sequoia Software's initial public offering? The company had to lower its asking price but could do well considering it's an XML e-business software company.

Sequoia (proposed ticker: SQSW) is set to offer 4.2 million shares expected to price late this week between $8 to $10. The price range was lowered from $11 to $13 last month. Lehman Brothers is the lead underwriter. Full story. -- Larry Dignan, ZDNet Inter@ctive Investor