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Technology Stocks : SCHWAB IPO ALERT THREAD
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To: Gordon Gekko who wrote (1883)12/9/1999 12:30:00 PM
From: Scrapps   of 2276
 
That would be 660 phone calls per hour,based on 100 shares per customer, if an hour is what they were given. How many people would Schwab need to make these calls in that amount of time. I figure 55 if we allow 5 minutes per call and they reach and confirm with a customer on every call. That seems do-able, because they should have plenty of people to make these calls.

The Rep also told me the reason for the calls is an SEC rule, which, requires it because the prospectus price is lower than the actual pricing. Wondering why can't we offer on a limit price basis...thus making the calls not needed.
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