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Technology Stocks : IPOs: Too many, too fast, to little buyers?

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To: ynot who wrote (14)7/22/1999 9:05:00 AM
From: Wayners  Read Replies (1) of 84
 
I read a lot of the S-1 yesterday off of the EDGAR database at sec.gov. Not really a true spinoff for LU. PDYN separated from LU three years ago. A private holding company has owned PDYN since. This DSL/broadband stuff just started growing since 1997 after PDYN split off from LU. It isn't like LU saw a way in 1999 to sneakily rid themselves of PDYN to the stupid investing public in 1999 through this IPO. LU may have made a mistake, but back then in 1996 who would have known. Granted back in 1996, PDYN's products were tired. Luckily PDYN has a found a way to reinvent itself and they already have products and sales, giving them a leg up on some competitors in the broadband area. PDYN's has an exclusivity agreement with LU until 2001. People can bemoan and worry that this agreement will end, however at least they have a sales agreement that these other IPO networking companies don't even have. The worry there should be, can or when will these other IPO network companies create any sales agreements?
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