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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: bh who wrote (4934)	6/16/1999 12:53:00 AM
From: Elroy	Respond to of 16809

How long are we going to have to wade thru these pos IPOs? Hopefully for a long time to come, if you got in on the Wit IPO. In Q1:99, Wit made $3.1 million revenue from i-banking, and participated significantly (1%-4% of the deal) in 8 IPOs. In Q2:99, it looks like that number is going to more than double (see pg. 28 of the prospectus). So the IPOs coming out now are from www.pos.com? (hint - dont' buy 'em). But wait until Wit reports Q2 in mid-July, I think the response will be quite positive. If the IPO market dries up, Wit could dry up pretty quick as well. Elroy PS - I still can't get over CARI with $213 thousand in revenues for 1999, and a potential market cap of $1.5 billion!