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Technology Stocks : PMC-Sierra (PMCS) -- Ignore unavailable to you. Want to Upgrade?

To: Wizard who wrote (2538)	6/16/1999 3:26:00 PM
From: Trader Dave	Read Replies (1) \| Respond to of 3818

Here's our problem: We are buy and hold investors. Our trading volume is so low, that we wouldn't even get a decent slug of a cold deal. In addition, I prefer to invest in companies that have already built substantial business critical mass. (I like more than $100 million in annual revenues for software companies, network gear companies require more critical mass in my mind.) The names you mention are on our watch lists, but we haven't done much work on them yet.

To: Wizard who wrote (2538)	6/17/1999 12:28:00 AM
From: Toby Zidle	Read Replies (1) \| Respond to of 3818

My first impression of the list you cite, Wiz, was to marvel at how appropriate these names are to be Ben & Jerry's flavors of the week. Also, I'm struck by how similar the whole tech IPO scene is to an NFL draft or NHL expansion draft. The best names were IPO'd long ago. We're now into the late rounds where the sleepers will be few and far between (except for Alta Vista). Even a well-known company with a decent profile, MarketWatch (MKTW), closed Tuesday at $48 1/4, within dollars of its all-time trading low. Since the IPO was at $17, but the market opened trading at $90, it's clear who the winners are and that EVERYONE else (except the agile short-term trader) is a loser. Now, Wiz, which of your list of IPOs is likely to have better financial or stock-price prospects than MarketWatch (with CBS sponsorship)?