WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 162.40

+2.9%

Nov 17 3:59 PM EST

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To: OrionX who wrote (1770)	11/21/1997 2:33:00 PM
From: Michael A. Gottesman	Read Replies (2) of 60323

Mauro: I believe each of the underwriters are given a certain amount of shares which they peddle to customers. (usually prior to the actual offering the majority of shares are accounted for - assuming the pricing is right). But that may explain why the stock is teetering around 28 on the open market - that was the offer price on the secondary. The fact that the stock is remaining around 28 with low volume - I can only assume that the placement is not completed. If you can buy at 28, why go to the open market to buy at 28 -1/2? Mike G.

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