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Technology Stocks : Inktomi (INKT)
INKT 10.76-1.9%9:54 AM EST

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To: shag007 who wrote (114)6/26/1998 2:11:00 PM
From: greentree  Read Replies (1) of 1945
 
My question was why does the company pay for the underwriter's incompetence?

Sure, Goldman lined the pockets of their REAL clients (the institutions), but the company got royally screwed!

History has taught me to be wary of management that let's the underwriters screw them like this. It generally doesn't happen only once!
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