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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (31128)	10/22/1999 9:47:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

Is this a recurring poll. Do you know of a chart of this poll over the past 10 or 15 years, preferably on a quarterly basis?

To: Les H who wrote (31128)	10/23/1999 7:09:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

And they say there's not one born every minute..... GZ

To: Les H who wrote (31128)	10/23/1999 10:59:00 AM
From: Les H	Respond to of 99985

NET STOCK SOARS 386% ON DAY 1 By JESSE ANGELO nypostonline.com There are hot Internet IPOs and then there's Sycamore Networks. The telecommunications technology company saw its initial public offering of stock skyrocket yesterday as it grabbed the prize for the biggest market value ever achieved by an Internet-related company on its first day of trading. Shares in the 2-year-old company - priced at $38 - jumped as high as $270 within minutes of the opening bell. The stock finished the day at 1843/4, up a staggering 1463/4. The 386-percent gain was the fourth-biggest rise ever for an IPO. The overall market soared. The Dow Jones industrial average rallied 172.56 to 10,470.25. Broader market averages also gained. The S&P 500 Index advanced 18.04 to 1,301.65, while the technology-packed Nasdaq composite index rose 14.57 to 2,816.52. Some analysts were less than pleased with Sycamore's gain. "It's an absolutely disgusting display of greed by investors feeling that at $250 the stock still has enough potential to buy," said David Menlo of the IPO Financial Network. "There's no question that the stock is very much ahead of itself and investors have decided to bathe in some kind of anesthetic." The closing price gives the Chelmsford, Mass., company a market value of $14.2 billion. By comparison, Xerox, the office-machine maker, was valued at $16.8 billion at the close of trading yesterday. Sycamore makes equipment that enables fiber-optic networks carrying Internet traffic to operate faster and more cheaply. It made its first shipment of product last May, bringing in $11.3 million in revenues. In the last quarter alone, Xerox had $4.63 billion in revenue. Sycamore lost $19.5 million in the year ending July 31. Many investors and analysts see high-speed Internet access as the next big cash cow and companies in that sector have seen a lot of action in the markets recently. Sycamore president and CEO Dan Smith, 49, said he was elated with the way the stock performed. "We are certainly very pleased with the reaction of investors to our story," he told The Post. Smith's stake in the business is now worth $2.72 billion. The company sold only 7.475 million shares -a mere 9.6 percent of the company - and raised $284 million. If the stock had been priced higher, Sycamore would have gotten hundreds of millions of dollars that instead went to a few lucky investors and financial institutions. Other stories: Oil cuts extended biz.yahoo.com Trade deficits as far and wide as the eye can see biz.yahoo.com