Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rick Buskey who wrote (4889)	11/23/1999 1:21:00 PM
From: mact	Respond to of 5529

some info on tmng....dont see why this co. shouldnt be valued at least as highly as wfii and prds...they are profitable and their rev's are significant. Telecommunications industry consultants This is another of the telecom industry consultants and should receive a very favorable reception. The telecom industry is undergoing traumatic changes. Deregulation, newly open foreign markets, consolidations, the accelerating pace of technological advances, and the demands of the Internet and e-Commerce are rapidly changing the rules of this once staid industry. Carriers are increasingly relying on outside expertise for guidance. Management Network Group has been a major player in this shifting industry. It has more than 170 clients including Ameritech, AT&T, Bell Atlantic, EDS, Lucent, Morgan Stanley Capital, Saville Systems, and Williams Communications. It has proven itself capable of competing with such "big boys" as Booz-Allen, Boston Consulting Group, Andersen, and PricewaterhouseCoopers. It is now expanding into Europe. This is a real firm with real revenues and real earnings. Its growth recently spurted from 36% to 83% with the start of its European expansion. Revenues for 1999 are forecast in the $59 million range and the firm has an eye-catching 21% operating margin. These are unusually solid fundamentals for an IPO in a high tech, high growth industry. Valuations in this sector are favorable and the firm is expected to benefit from a "halo effect" of recent IPO Wireless Facilities. This deal was offered on 11/5 at $15 and closed at $62 for a 313.3% first day. It recently traded at $52, down 16.1% in the aftermarket. Pre-offering demand has been intensifying and is expected to accelerate into the offering. This is an example of a good firm in a good industry. Expect a moonshot followed by some volatility.