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Non-Tech : CSFB Direct(DIR)
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To: Richard James who wrote (19)5/23/1999 4:44:00 PM
From: drsvelte  Read Replies (2) of 406
 
Here's DLJ's statement about participation

"In the next step of the process, the DLJdirect Syndicate Department will allocate the number of shares it was allotted in the offering to clients who have reconfirmed their Indications of Interest. DLJdirect will try to satisfy our clients' interest in offerings in which we participate, but often we are unable to obtain enough shares from the lead manager to meet demand. In cases where demand exceeds supply, we will allocate the available shares taking into account a number of criteria. Such criteria will include, but not be limited to, the following: client assets held at DLJdirect, activity, tenure as a DLJdirect client, and post-offering activity in previous new issues. It is not the policy of DLJdirect to allocate stock on a first-come, first-served basis, and the time your Indication of Interest is received will not influence the allocation decision. "
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