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Technology Stocks : Sequoia Software Corp. (SQSW)
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To: Big Dog who wrote (13)5/8/2000 11:51:00 PM
From: Glenn Petersen   of 102
 
SQSW seems determined to get this offering done, regardless of market conditions. I think that there are two reasons for their rush. One, they had a little less than $11 million in cash at year end. My guess is that they have burned through $4 to $5 million since the beginning of the year. Secondly, if they don't complete the IPO by May 15, their numbers will become "stale" and they will have to file another amendment with the first quarter numbers. If the IPO is a bust, it may present a major buying opportunity.
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