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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (6723)	8/24/1999 2:10:00 PM
From: Ausdauer	Read Replies (2) \| Respond to of 60323

Sam and Jay, You said... "The underwriters are positioning the stock right now, talking to their well-heeled, favored clients who will buy if they want to get a piece of the other soaring IPOs that have come out, whether they want to buy it or not." and... "Aus, these usually are like an IPO, where the bankers place the stock directly with clients." I noticed that there are a number of underwriters, so now after reading your statements things make sense to me. The question I have is why not just buy stock on the open market for these clients instead of buying stock in the offering? Or will the offering be given at a discount to the current market price? I guess I still don't get it. Aus ($89+)