Captain: From filing to SEC approval need take only one month. If the SEC asks for changes/clarification, add another month each time it is sent back. Even with the pig's foot-in-mouth syndrome, the maximum should be three months. Therefore, they could file 1st August and have approval for 1st September, October, November. Since I think they will want to have some leeway for market timing before the end of the year, I think they will aim for 1st July filing.
I know they have had discussion with underwriters, it would be incredible if they have not - and Rosen said they had.
I think that in mid-June, or earlier, they will announce:
1. Underwriters.
2. Proposed schedule i.e. filing by 1st July or August with IPO subject to market timing but in an October-January window.
3. Component pieces of AV - i.e. Shopping.com, zip2, AV search engine, other AV assets (what I am informed is a "peering centre"), arrangements for internet access, and one or several content partnerships.
4. General statement of principle of equity structure i.e. 25% to be floated and whether special consideration for COMPAQ shareholders.
All other details will be left to the underwriters and final Prospectus.
If they don't follow this schedule they are not thinking at internet speed.
I have spoken,
Victor,
from the Great State of Denial and the Home of the Next President of of these here United States.
God Bless America.
Land of Hope and Glory.
God Save the Queen.
Up the Reds! |
