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Technology Stocks : Seac - Seachange New IPO
SEAC 3.350-4.6%Oct 22 10:15 AM EST

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To: Nagaraju R. Arakotaram who wrote ()11/14/1996 6:25:00 PM
From: Aluri Krishna   of 431
 
It looks very much overpriced.

The earnings for the year ending Jun'96 are 0.18 and
0.09 for 95. Is this much price justified?

I fear it is going be another one like Restrak which went up to
20 in a month after IPO and doomed to 7.

If you see the daily graph for last 2 days, there isn't much
buying. The volume of 100-200K is common for a new IPO.

May be market makers are manipulating I guess?

krishna
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