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Technology Stocks : Buying IPOs on the open market -- Ignore unavailable to you. Want to Upgrade?

To: Ken Whiteside who wrote (573)	8/26/1999 10:48:00 PM
From: $Mogul	Read Replies (3) \| Respond to of 5529

Ken, I agree for the most part on NTOP.

To: Ken Whiteside who wrote (573)	8/26/1999 11:49:00 PM
From: Srinivasan Balasubramanian	Respond to of 5529

Ken, it is not just believers in NTOP who are driving the prize up. the small float, short covering frenzy and an overdose of good news attracting some momentum players are all playing a part. I think IDTC and NTOP management are trying to get back to the short sellers that have plagued the IDTC stock ever since the street.com's scandalous piece on IDTC. in fact, the Sprint deal, the Compaq deal etc were known even before the IPO. but this valuation is ridiculous and it can't defy gravity for long unless there is some compelling business model here which I doubt. Did you cover because of margin pressure? You don't have to answer this, just curious. If NTOP is 75, IDTC which owns 57% of it should be worth way above its closing price 26. So a very few investors are betting NTOP will stay above 50. goodluck. Srini