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Technology Stocks : Lexmark Intl. (LXK)
LXK 40.490.0%Nov 29 4:00 PM EST
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To: Teddy who wrote (33)2/1/1997 10:35:00 AM
From: Chad E. McQuillen   of 160
 
To all, it was my understanding that the secondary offering was fully subscribed meaning that they had somebody lined up for all the shares. These shares will not be counted in the daily volume as these shares did not trade on the NYSE. I myself would like to know what the story is behind the 1M+ shares at Thursday's opening.

I also believe that the stock is undervalued and IMHO I think we have about 15-20% to the upside in the short term (3 - 6 months). With a bigger float I think we'll have bigger fish following this stock.
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