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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)
OCLR 8.2600.0%Dec 10 4:00 PM EST
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To: jack bittner who wrote (139)2/27/2000 10:09:00 PM
From: dk10438  Read Replies (1) of 2293
 
i think what you are refering to is the fact that traditionally the lockup period for ipos is 180 days, ie additional shares owned by the company or insiders may be released into the market. in the case of AVNX, this period of time was reduced to 90 days, furthermore, msdw essentially guaranteed a price of 72 dollars per share. many have interpreted this as favorably as msdw obviously has enough faith in this company to release additional shares (flood the market)earlier than usual, AVNX is just beginning to roll, and i love when the shorters hit the thread.
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