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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: CF Rebel who wrote (4667)5/3/2000 10:02:00 PM
From: CF Rebel  Read Replies (2) of 5053
 
Thanks to Mary Baker at an old stomping ground of mine (RRRR) for this article:

smallcapcenter.com

<"The valuation of the Internet incubator is in part dependent on the IPO market, says Phil Leigh, an analyst with Raymond James & Associates. And if the stock market catches a cold, then the IPO market has the flu. And that seems to be the case right now."

Steven Frankel, an analyst with Adams, Harkness & Hill Inc. agrees. "What you find with some of these wannabes is that they are investing in lower quality deals, Frankel said. They were born in, and are products of, stock market euphoria, and may not survive now that the IPO window is shut tight.

And it could be several months before the IPO market regains its footing," wrote Renaissance Capital in a report. "Even if the Nasdaq were to recover in a relatively short period of time, the IPO market should stay under pressure.">

It's pretty obvious that we're not one of the aforementioned "wannabes."

CF Rebel
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