Tae, I think the IPO season is over.
HSAC is embarrasing.
And I believe WITC will disappoint. I do like this from their website: Starting in later 1999, our digital trading facility will open, allowing Members to buy and sell shares of NASDAQ and listed companies directly with other investors and thus potentially avoid the spreads maintained by market makers and specialists. When fully implemented, our digital trading facility will also offer individuals the opportunity to place orders 24 hours a day, 7 days a week.
That sounds fun. And I would think online traders everywhere would throw them some dough and open an account.
So the answer to your question on WITC is that near-term I don't see much happening, but as they near opening of this digital trading facility, they could really take off.
Interestingly and related. . . .
HSAC is a Denver company. . . dumping 13 mil shares in today's IPO. . . too many. . . and in their IPO announcement they said:
In addition to the 13,000,000 shares of common stock in this offering, Microsoft Corporation (Nasdaq: MSFT) has agreed to purchase $10 million of common stock; Cisco Systems, Inc (Nasdaq: CSCO) has agreed to purchase $7.5 million of common stock; and Com21, Inc (Nasdaq: CMTO) has agreed to purchase $1 million common stock at the offering price net of the underwriter's discount in a concurrent offering.
Instant dilution, should they follow through with their FUTURE stock purchase. . . and their revenues are hardly worth mentioning.
Rande Is |
