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Technology Stocks : Seagate Technology - Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: Robert Douglas who wrote (1044)7/19/1999 10:06:00 PM
From: Sam  Read Replies (1) | Respond to of 1989
 
I don't really know much about the company, but check out Brocade's chart (BRCD) for a comparable that recently went public. I think the offering was in the low 20s, the stock went to the 60s the first day, and was recently trading over 100. They went public just a couple of months ago.

Scary. When it blows, its gonna blow.



To: Robert Douglas who wrote (1044)7/20/1999 11:57:00 AM
From: Sam  Read Replies (1) | Respond to of 1989
 
Robert,
Headline: <<Gadzoox Networks Trades Up 52 at 73 in Debut After $21/Shr Ipo>>

So much for 30. Zoox now has a market value of over $1.8 billion, Seagate's stake is worth a little more than $360 million. This is just the way Brocade traded at its inception as well. Then it went down for a week or two, then almost straight up over 100.

"Fascinating," said Spock, rubbing his chin in his usual thoughtful manner, "there appears to be no end to human folly. What do you think, Doctor, is this yet another manifestation of the 'wonder' of humanity?"