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Technology Stocks : Buying IPOs on the open market

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To: rdmsqito who wrote (5265)	12/24/1999 8:55:00 AM
From: Panita	Read Replies (1) of 5529

ICAB recent IPO... ICAB - Hong Kong market zooms up December 24.... biz.yahoo.com ICAB why: - Asian Market will boom in Y2K as they leave the headaches from the past few years behind. - Internet will spread abroad in Y2K like wildfire. ICAB is a major broadband ISP in Hong Kong. Early next year ICAB will introduce their cable broadband service. My speculation ICAB will enter Southern China, and Macau within the next few years expanding abroad. - This is pure speculation: We have heard in the past how MSFT has invested in Brazil and many other foreign cable plays. Do not be surprise if MSFT buys a piece of ICAB, HK's premier cable service, too. - More specuation: Only Merril Lynch has initiated coverage. There were a number of underwriters involved in ICAB. Merril started ICAB with a buy but the price target of $32 was very conservative for ICAB imho.(nothing new for Merril to do check INIT reaction after MER initiated coverage). ICAB has dropped on no volume as weak has are being shaken. To understand ICAB's potential just look at: IIJI (Japan), KOREA, CHINA, SIFY (India), TRRA (Spain and Latin America) Want to keep track of ICAB Hong Kong trading: finance.yahoo.com

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