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Strategies & Market Trends : ZixIt Corporation (ZIXI) -- Ignore unavailable to you. Want to Upgrade?


To: Tim McCormick who wrote (55)10/14/1999 2:42:00 PM
From: Kevin Podsiadlik  Read Replies (1) | Respond to of 4120
 
TSC's IPO specialist's appraisal of IW (emphasis added):

Infohighway Communications
IPO: (IW:Amex)

Offers Internet and telecommunications services to businesses and consumers.

Deal size: 1.6 million
Price range: 9 - 11
Led by: Weatherly Sec Corp

My take: The most remarkable feature of this one is its revenues. The underwriter is completely unknown to me. Shares bought at the issue price may turn a small profit, but not knowing how the lead behaves in the aftermarket makes me want to watch from the sidelines for a bit before stepping in to trade it.