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Technology Stocks : Gemplus (GEMP)
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To: kumar who wrote (8)12/7/2000 8:10:08 PM
From: Eric L  Read Replies (2) of 115
 
kumar,

Thanks for the link to "Is A Smart Card IPO A Smart Bet?" on SI from IPO.com.

It clears up a few questions I had about what shares are being offered.

It is a must read for anyone thinking of investing in Gemplus.

Excerpt:

Only 15 million of the roughly 78 million shares being offered are being sold by the company. The rest will be sold by shareholders and will bring no funds into the company. So in effect, Gemplus will see no more than about $164 million of the total IPO proceeds, assuming the stock prices midrange. But it will be able to use its shares to fund future expansion and acquisitions in the U.S., China and Japan.

Gemplus chairman and co-founder Mark Lassus decided to cut the number of shares he plans to sell by half to help the company boost investor interest in the offering. He currently holds about 95 million shares.

Analysts have rated the offering relatively low, but in this market nearly every deal is getting poor ratings. Many investors are taking a long-term view and trying to guess which IPOs will do well in the aftermarket. Gemplus could prove to be one stock that investors will come back to down the road, or it could just as easily flop and become another of the fall's IPO sob stories.

I continue to do DD.

I probably will take a (very small) starter position within the next few weeks.

There have been relatively few "pure" & "solid" smart card plays till this point in time.

This is a "pure" smart card play.

Gemplus will surpass $1 Billion in annual revenue this year.

I have been interested in smart cards for some time.

In a previous life I had some involvement with the industry.

Still, I can not see the forest for the trees.

I welcome anyone's assistance in my efforts to DD on this company.

cheers to you too old buddy.

Glad to see an experienced Gorilla Gamer on this thread.

- Eric -
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