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Technology Stocks : Egghead Computer (EGGS)
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To: Anaxagoras who wrote (7104)3/12/1999 8:52:00 AM
From: Kip518  Read Replies (1) of 8307
 
Anaxagoras, the 13 1/2 price is correct. EGGS filed a final 424B4 with the SEC. You were also right that it was offered at a discount to the market, then quoted at 14 7/8. However, clearly, the SPO price was known by many yesterday as evidenced in EGGS decline.

I wouldn't be surprised to see EGGS gap down to the SPO price pretty quickly today. (Pre-open already showing a small gap-down opening.) If it doesn't hold then I can't imagine 12 will hold either as the SPO buyers will likely try to flip out of a "sucker purchase" at a small loss. However, my guess is that 13 1/2 will hold as the underwriters will likely support it (at least for awhile).
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