MoSys heads for IPO land this week! Here's an excellent way to cover all of your GameCube games for LIFE! Hehehehe. Want to invest in the company that's producing the GameCube's memory? If you got tha' monies...make some monies! Since MoSys's main customer is Nintendo...it might be a safe bet that this company is a hot tech buy! Nintendo will probably sell a couple of these GameCube thingies ya know. Read on....

One more high-tech IPO is on its way. And unlike the high-tech offerings that marked the bubble, this one boasts an unusual characteristic: It's profitable.

Next week, Sunnyvale, Calif.-based Monolithic System Technology (Mosys), which makes silicon memory products, is hoping to hit investors up for $50 million. The deal is being co-lead by A.G. Edwards and Needham, two banks not know for lead managing technology offerings. Mosys will be listed on the Nasdaq under the somewhat casual sounding ticker "MOSY." If priced at $10, the middle of its expected range, the company would carry a market value of slightly less than $300 million.

Mosys' income statements show that it was profitable in 1999 and 2000, as well as the first quarter of 2001. Even this week's offering, MultiLink, like most new companies, couldn't boast of black ink. Ten-year old Mosys, which employs 48 people, had net revenue of $14.3 million on product sales and royalties, earning net income of $1.3 million in 2000. (To be entirely accurate, $1.1 million was in the form of interest income.) But, in the first quarter of 2001 alone, Mosys had revenues of $4.6 million and net income of $707,000, with just less than half from interest income. While revenues fell from the $36 million posted in 1998, the slide was caused by the adoption of a business model with a tighter market focus.

Mosys's also boasts some interesting clients in its registration filed with the SEC. The company's SRAM embedded memory product is built into Nintendo's upcoming GameCube console. Applied Micro Circuits recently announced that it is licensing Mosys technology for upcoming high-speed networking integrated circuits. From a revenue perspective, its biggest clients are Cisco, Celestica and Delta Networks.

Like Bam Entertainment, a videogame developer that filed a few weeks ago, Mosys could catch a ride on the videogame momentum train. The company filed in August, plans to go next week — barring adverse conditions — and could ride out the summer until Nintendo's GameCube and Microsoft's Xbox are introduced later in the year. Obviously, the GameCube's reception and performance will directly affect Mosys.

If Nintendo's console flops, it could be game over for Mosys shares. But right now, it looks like the company is a player.