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Lantronix

Lantronix, an electronic monitoring devices company, seemed to be doomed from the start. The company, which went public in 2000, first scaled back its offer from 9 million to 6 million shares.

Then it dropped its offer price from $15 to $10. And then things got really ugly when its stock price dropped 20 percent the first day of trading.

Lantronix did not respond to a request for comment.

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