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To: Amy J who wrote (83308)	6/13/1999 1:16:00 AM
From: Ibexx	Read Replies (1) \| Respond to of 186894

Hello Amy, I'd be glad to share my limited experiences in buying hot new issues at official IPO prices. The ones I was involved with were UUNT (later bought out by WCOM), NSCP, RMBS, and ATHM. In each of the cases, the respective broker told me allocation was strictly based on the client's total assets and frequency of trading. The rule of thumb is that any IPO shares that "they" solicit your interest in are probably not worth having. Regards, Ibexx

To: Amy J who wrote (83308)	6/13/1999 1:28:00 AM
From: Amy J	Respond to of 186894

OT Gerald, I took a look at their website. The IPO Process doesn't make sense to me: "Customer IDs may be obtained until the random selection process period of the next IPO." Does this mean a person needs to fill out an application each time? That would be tedious (why not once?) In the previous article I posted to you, it said the application process is like Etrade's IPO process? What was that like? Thanks, Amy J IPO* Process fbr.com IPODesktopSM is a new way for qualifying individual investors to participate in new IPOs and follow-on offerings. FBR will make up to 20% of the shares which it receives in an offering available to online investors. The window of time for investors to register their interest in participating in the next IPO* will be posted to this site and emailed to registered users before the random selection process begins. Investors who register interest will be considered for allocation of shares of the offering based on a computer-generated, random selection process. The Process Obtain a customer ID if you do not already have one. Customer IDs may be obtained until the random selection process period of the next IPO. Click here to sign up for a customer ID. The random selection process form will be posted on the Web site. Users with Customer IDs can access, complete and submit the random selection process form. There will be a specific time period that users will be able to register in the lottery. Users will be notified via e-mail within 24 hours whether they are eligible to apply for an account, which is required to participate in an IPO. fbr.com will determine which persons are able to apply for an investment account based on a computer-generated random selection process. Eligible persons return to the site to apply for an investment account.

To: Amy J who wrote (83308)	6/14/1999 2:49:00 PM
From: Gerald Walls	Read Replies (2) \| Respond to of 186894

The FBR homepage (http://www.fbr.com) says that FBR is committed to placing up to 20 percent of all IPO stock allocations in the hands of online investors. EOffering.Com (a sub of ETrade) says they will place 50% of their allocations through ETrade. ETrade and Wit Capital have changed the old saw that the only IPOs that you could get were the ones you didn't want. E*Trade has had several of the big name IPOs available to ordinary investors, albeit only 100 shares per account.