Rosetta Stone Inc., one of several prominent Harrisonburg-based technology companies, filed to raise up to $115 million in an initial public offering on Tuesday (9/23/2008).

Of note from the MarketWatch report:

"Rosetta Stone rang up net income of $2.9 million on revenue of $83 million in the six months ended June 30, compared to net income of $399,000 on revenue of $59.5 million in the year-ago period."  

Wow --- what an improvement in net income!  This is likely to be great news for our local economy!

Read more details/commentary at hburgnews.com.