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By Bill Buhr | 07-01-2009 12:00 PM

Time to Connect with the LogMeIn IPO?

As the LogMeIn IPO logs big first-day gains, analyst Rafael Garcia offers his take on the software-solutions provider and the current stock price.

Bill Buhr: Hi, I'm Bill Buhr, IPO strategist with Morningstar. While June was a relatively slow month in the IPO space, it ended with a flurry, as four offerings came to market last week. Now, today, on July 1, software solutions provider LogMeIn makes its market debut. Joining me now to discuss the LogMeIn IPO is Morningstar technology analyst Rafael Garcia. Rafael thanks for joining me.

Rafael Garcia: Thanks for having me.

Buhr: Let's talk a little bit about LogMeIn's products. What type of services do they provide? What do you think of their offerings?

Garcia: What they do is very simple. They offer some solutions that allow the users to connect to any remote computer over the Internet. So, any user can use a remote computer to access a computer that is at work, or at home. They even have some offerings where you can use your smart phone like the iPhone or the Blackberry to connect to a remote computer.

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