Top IPO pick of the week, SCMR (Oct 18-22): For the week of Oct 18-22, the top IPO of the week honor unquestionably belongs to Morgan
Stanley's Sycamore Communication. Sycamore Networks markets optical networking products that enable network service providers to upgrade their existing
fiber-optic networks to significantly augment their bandwidth. Its only commercially available product, the SN 6000, helps companies provide high-speed
services. Sycamore is also designing add/drop network management software. The company targets telecom service providers ISPs, and cable operators.
Underwriters: Morgan Stanley, Lehman Brothers, JP Morgan, DAIN. This is an extraordinarily strong underwriting team, with each of the first three
perfectly capable of underwriting blockbuster IPOs on its own.
Competitors: Ciena, Nortel, Lucent, Newbridge.
Offering size: 6.5M, range: 18-20. Morgan Stanley will easily raise the range to $25 prior to pricing.
Eepectation: the stock should debut at least 300% from the offering price |
