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Technology Stocks : E*TRADE IPO Alert - Y2K and Beyond (EGRP)
ET 17.49+0.5%Jan 14 3:59 PM EST

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To: Jim B who wrote (4390)4/6/2000 2:22:00 PM
From: Robert Beatty  Read Replies (2) of 10270
 
I agree, IPOs are not what they used to be...

I think that a lot of recent IPOs were not mature enough when they went public. IPOs that were deep in the red and didn't have foreseeable profits were "destroyed".(i.e. BLZE and ONVI) I think in the future, IPOs that are profitable(or nearly) will perform much better over time. One example of a recent IPO that could do well is Ulticom(ULCM). They are already profitable...and they are in the wireless niche. If they show a little more growth, they could get very hot. They should be able to fully invest their IPO revenue in development. I plan to buy some when it stabilizes in a few days...as IPOs tend to bottom after about 5-10 days.

I will still be taking my chances with Saba and Numerical tonight even though they are both losing a lot of money.
Call me a "glutton for "punishment""...
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