Thanks George,
I really thought Kerry had a great 'scenario' post the other day. Looks like BRCD starts at $8-10, but like he said, this probably won't raise enough cash (~30 mill. in this hot IPO climate --ie. did you see MRBA on friday???) so watch this bumped up further by the big money boys just prior to release. Perhaps, it will look just like the WEBT example Kerry set as an example (ie. brcd possibly going at ~$14). If the tech market holds up here, I expect this IPO to come sooner rather than later. Even though BRCD has only two major oems in an emerging field, I bet they have their share of news to help fuel any possible hype. I certainly will be watching. I think Goldman goes monday, maybe brocade is going to try to go within the next two weeks?? i still cannot believe mrba's opening price. does this market show any rationality? ;-)
I am excited. Even though I am very long Ancor (unfortunately wanted to pick up some trading shares at low 5's...might not get that chance), I would like to try to participate in the brcd ipo somehow. I'm wondering whether to buy it after it comes out (considering I believe it will be pretty easy to rationalize it will be too inflated ;-)
There aren't many switch makers, and Ancor getting a tier one last week shows things will be interesting in the years ahead, imho. Owning both ancor and brocade may just be the logical thing to do. George, do you have any plans with regards to participating somehow in the brcd ipo?
Hopefully it will raise a lot of attention to Fibre Channel. Even though qlgc, emlx, lgto, vrts, emc, etc... have done very well so far, i think MUCH of the investing public still has NOT EVEN heard of Fibre Channel yet or realized that the time of the SAN is finally upon us. Hopefully this BRCD ipo really gets a lot of recognition because it might signal more of an "awakening" to a lot of investment people on this new industry.
all imho
pigboy |
