STEC-Simple Technology, Inc. Message Board

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Technology Stocks : STEC-Simple Technology, Inc.

STEC 1.130

+0.9%

Oct 31 3:59 PM EST

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To: QUISP_ who wrote (4)	10/9/2000 5:30:49 PM
From: CrayUSA	Read Replies (1) of 22

Quisp- Thanks for answering Larry. Sounds like a reasonable explanation. As far as Lehman goes ? They have been suspect in the past, esp. 1st day IPO's. However, STEC has been out over a week and it is significantly below the offer price. That takes out a lot of the risk associated with the lead underwriter bringing an IPO to market. Also, we have had miserable market and sector performance adding to selling pressure on STEC. All this add's up to good upside for the stock at it's price. In better Market/Sector conditions this stock would have probably traded up to 20 first day. Cray

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