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Technology Stocks : Global TeleSystems Group (GTS)
GTS 35.99+1.0%Jan 31 4:00 PM EST
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To: FiberOptic who wrote (1)2/5/1998 5:09:00 PM
From: DD™  Read Replies (1) of 73
 
Taken from Briefing.com..

briefing.com "TODAY'S HOT IPO: This is the way it usually happens: you place a market order for shares of a high-profile IPO; the stock shoots up 20%-25% before the first order is ever crossed; the issue levels off almost immediately after you get filled. That is exactly what occurred this morning with initial public offering of Global TelSystems Group (GTSG 26 3/8 +6 3/8)-- only the stock shot up 30% before opening on the Nasdaq. If you were lucky enough to get filled at the open, then a maximum intraday gain of 2% has been your reward. Although trading top initial public offerings is not nearly as dangerous as the pundits would have you believe, the big VeriSign (VRSN) type gains are few-and-far-between. So who is Global TeleSystems? The company provides a range of telecommunications services to businesses, other telecommunications service providers and consumers in Russia, the Commonwealth of Independent States, and Central Europe. Through its subsidiary Hermes Europe Railtel B.V., GTS is developing, and operating the initial segments of, a pan-European high capacity fiber optic network that is designed to interconnect a majority of the largest Western and Central European cities and to transport international voice, data and multimedia/image traffic for other carriers throughout Western and Central Europe. The company is also loading itself down with debt, which is showing up clearly on the bottom-line."

DD
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