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Technology Stocks : Identix (IDNX)
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To: Loretta Fern who wrote (13141)4/23/1999 12:37:00 AM
From: David  Read Replies (2) of 26039
 
The IDT stockholders I'm thinking of are the little fish, not the insiders (Pieper, the two Yuris and someone else, I forget, maybe Grant Evans). I expect the insiders to hold; indeed, they have to hold under this deal.

It's more the lower level staff, or their families, who will have five or ten thousand shares of something saleable for the first time. The newspaper here is full of stories of people who grab at the first twenty thousand dollars they can get once their company goes public.

So I wouldn't read too much into these kinds of rookie mistakes that are likely to happen pretty soon.
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