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Storage area network company Compellent prices above the range

October 9, 2007
CML

Compellent Technologies, which provides enterprise-class storage area networking solutions, priced its 6 million share offering at $13.50, 23% above the midpoint of the $10-$12 range, Tuesday evening. Morgan Stanley was the lead manager on the deal. The stock is expected to begin trading on the NYSE Arca under the ticker "CML" on Wednesday.