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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile?

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To: Green Receipt who wrote (330)3/29/1999 12:54:00 PM
From: Gary Metzer  Read Replies (1) of 1390
 
David, Steve, et al,

What a crock huh?

The underwriters sure didn't win any brownie points with Schwab Management after reneging on their IPO offer for CPTH. Imagine the lack of credibility this places on Schwab...taking offers on a stock IPO where they didn't even rank high enough on the pecking order to get a single share. I'm sure Chuck and the underwriters will hold some high level talks over this. Even with Perot Systems, which was a high demand issue, Schwab was allocated 40,000 shares.

Gary
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