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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)
OCLR 8.2600.0%Dec 10 4:00 PM EST

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To: Kiriwuth Path who wrote (40)2/4/2000 11:33:00 AM
From: RavBruce  Read Replies (2) of 2293
 
I also got 50 shares from my MSDW broker. I wish I could have gotten more (and that I used the money from UPS for better uses!). From what I understand factors as to who gets shares include assets at the firm, potential assets you can bring (your own, family, friends), how much they want to keep you. My father recently took two big accounts from MSDW when our broker retired. I like the new guy and he wants to keep me as a client, which is probably why he got me shares. I am not trying to boast but explain the types of factors that go into this type of decision.
It may be different if IPO's move to an auction system like some are suggesting (but then we wouldn't have these pops).
I am a strong believer in buying stocks for their venture capital investments (see the thread below). I would buy MSFT or CSCO, or INTC for their portfolio of investments and not for any one stock (which is probably a tiny total of what they own and are worth). It is hard for us to evaluate the potential of a new IPO. These companies have research departments that are constantly on the lookout for the best new technologies and get better prices than we ever can. I strongly recommend some of Cramer's discussion on this stuff on THESTREET.COM (I may have posted some of it to the thread but I can't remember).
Good luck,
Bruce
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