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

To: star56 who wrote (3830)	10/23/1999 10:08:00 PM
From: SOROS	Read Replies (1) \| Respond to of 5529

CAN ANYONE ANSWER THIS? If you work for a company that is about to IPO, they usually let employees and their friends and family buy shares PRIOR to the IPO. Do all companies do this? How many shares is each employee usually allowed to purchase? If a company has about 5000 employees, how many shares will each employee be able to buy? Do companies base the number allowed on years of service, position, or both? Any feedback will be appreciated. I remain, SOROS

To: star56 who wrote (3830)	10/23/1999 10:10:00 PM
From: coug	Read Replies (1) \| Respond to of 5529

Hi star, I have responded to this question a number of times privately.. I have my account with a small branch of a nation wide broker.. I have a wonderful relationship with my broker and friend of 20 years ,the firm, as I do all my trading there. I pick up the phone, get good executions,and a discount. I do my futures trading with a discounter in Chicago and am very happy.. Been with them a long time too. I have read the horror stories of online brokers down, poor executiuons, etc. so I have stayed away.. I have been lucky with allocations w/s good ones.. small, 50 to 250 shares, INAP, DSCM, IWMN, extreme, IIJI, come to mind, I flip most.. they don't care. They don't participate in all, so I ask for most.. the poor ones, I'm out immediately, lose the commish. Usually I can make a point or two though. I am the only one that consisently asked for new issues. others come and go.. But the real advantage is to have a broker like on CRDS, where I didn't participate to be ready at the opening with an order to punch to buy and to stay with me to sell if it works or doesn't. I do trade a lot but in small lots, because of my trading policy of never betting the ranch on a any one thing. The key IMO is RELATIONSHIP and not to jump around.. Hope it helps......coug