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Technology Stocks : ZD Inc., Ziff-Davis (ZD)
ZD 33.16+1.7%Nov 26 3:59 PM EST

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To: Jerry Gogol who wrote (453)3/10/1999 5:51:00 PM
From: Maverick  Read Replies (1) of 855
 
Net stock IPOs: If the market feels good, do it
So it's clear that an Internet company needs only three things to go
public: favorable market conditions, respected venture capitalists and
powerful investment bankers.

Scott Sipprelle, founder of IPO boutique Midtown Research Group
in New York and a former Morgan Stanley executive, agrees.

''We used to tell potential IPO clients (and I believe it) that a good
story could go public in any market conditions, although pricing would
certainly be impacted,'' he says. ''The Net stocks violate that theorem
for a simple reason: they are feel-good stocks whose most important
trading benchmark is the assurance that the 'story' tomorrow will be
as good or better as the 'story' today.''
mercurycenter.com
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