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Technology Stocks : 3Com Corporation (COMS)
COMS 0.00130-18.8%Nov 7 11:47 AM EST

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To: Amir Desai who wrote ()2/21/2000 9:17:00 PM
From: Mehrdad Arya   of 45548
 
Good post from Raging Bull

By: kmaras

Monday, 21 Feb 2000 at 7:07 PM EST

Post # of 4509


RUNUP TARGET:

This may aid as a reference for a somewhat similar situation. Here is what Hewlett-Packard did leading up to the AGILENT ipo. Keep in mind PALM will be a much bigger issue (esp. with a smaller float on the first trading day). Agilent closed at 40 on its first day of trading (Nov 18). I would expect PALM to price, open, and close at a significantly greater premium (both $ and %)-jmho. Notice that despite a slow and steady increase for the couple of weeks leading up to the offering, the majority of the run is achieved in the days just before the ipo. The run also continues for some time afterwards. (also notice the similarity in share prices of HPW and COMS)

HWP:

date----closing price:
Oct. 27---67
Nov. 01---74
Nov. 08---79
Nov. 15---74
Nov. 16---76
Nov. 17---81
Nov. 18---94 ***IPO DATE for A***
Dec. 01---96
Dec. 31---113

take it as you wish, good luck to all!


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