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Technology Stocks : Ditech Corporation (DITC)
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To: George Gotch who wrote (11)10/6/1999 1:05:00 PM
From: SteveG  Read Replies (1) of 177
 
<..Why would a stock do a secondary and take out insiders after the company has been public only a couple of months and run after as secondary?..>

well, strong roadshow (business is going great) - $2MM antec licensing (adds 8 cents straight to bottom line for probably 33 cent and MIGHT recur), better visibility on Lucent-China (which after the kosovo accidental bombing was on hold).

but the real reason talking to research and trading desks is momentum players (day/online traders), so likely we will see this down later or tomorrow. fwiw, i couldn't resist booking profits at 70+
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