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Technology Stocks : Omega Research (NASDAQ:OMGA)
OMGA 0.145+641.5%Feb 24 3:59 PM EST
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To: Herc who wrote (282)3/5/1999 7:05:00 AM
From: Herc  Read Replies (1) of 516
 
I discovered that Robertson-Stephens, Lehman Bros., and H & Q were the investment bankers for OMGA's IPO in Oct. 1997.
As most of us have learned, brokers tend to have a conflict of interest in stocks with whom they also have an investment banking relationship. I know that Merrill, Lynch was still recommending Boston Chicken shortly before it spiraled into bankruptcy.
Nevertheless these three can still only come up with a average 99 earnings of 14 cents/share.
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