Sales terminal developer VeriFone lowers price to $10

VeriFone, a global provider of electronic payment transaction systems and services, will be offering 15.4 million shares (6.9 million insider shares) at a reduced price of $10. The original price range was $12 to $14. Underwriters CS First Boston, JPMorgan, Goldman Sachs, Lehman Brothers, and Banc of America will possibly price the deal this Friday morning. VeriFone's shares will be sold on the NYSE under the symbol "PAY."