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Gold/Mining/Energy : Altair Nanotechnologies
ALTI 4.797+2.5%Dec 24 12:59 PM EST
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To: Dr. Seuss who wrote (439)9/4/1998 10:40:00 AM
From: Rajiv  Read Replies (1) of 603
 
Prudential was the underwriter for the convertible - they pocketed 400k (8% of the 5 millions) as commissions . They "cover" most stocks for which they are the underwriters. This may start off a new round of hyping by the newsletters which cover Altair.

An "accumulate" rating means "sell" in Wall Street. FWIW, Prudential covers SRCM (happens to be my largest short position) with a higher rating - they were the underwriter for SRCM's bonds issue.

Regards.
Rajiv
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