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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: puborectalis who wrote (43626)12/11/1999 11:35:00 PM
From: el vez  Respond to of 108040
 
PFCK (something vaguely obscene about that symbol) is a Lance B current pick. Seems to have a lot of potential after doing some research. I predict this thread will be all over it in the next couple of trading days. IMO.



To: puborectalis who wrote (43626)12/12/1999 5:35:00 AM
From: puborectalis  Respond to of 108040
 
ANDN will be a hot issue going into 2000.

Another Linux firm also had its share of press during the
week. Andover.net, a Mass.-based firm that provides
online tools and news for software developers and web
site designers debuted through the OpenIPO system created
by Wall Street sage Bill Hambrecht at his new firm called
W.R. Hambrecht. A slightly different play on Linux here
because Andover.net operates a slew of content sites and
depends upon advertising as a key contributor to
revenues.

With the OpenIPO system still developing into a winning
operation, investors typically following IPOs were
amazed by the sizable pop experienced by Andover.net,
the third Dutch auction this year. Considering the first two
auctions were pilots for the program, everyone was
anxiously anticipating the first true Internet deal completing
an IPO through the new innovative method of
underwriting.

Andover.net actually ended up with two prices, one was
the clearing price ($24) while the second was the real
offering price ($18). The clearing price is the tabulation of
all auction bids as totaled by W.R. Hambrecht. However,
if the clearing price is higher than the stated offering range
(in this case the range was hiked to $15-$18, up from an
initial target of $12-$15), the company can elect to set its
own offering price, which Andover.net did.

Andover.net, formed in May 1992 didn't commence
Internet operations until March 1997, owns and operates
a network of ten web sites that include Slashdot.org,
Freshmeat.net and Mediabuilder.com that provide news, user
forums, software that can be downloaded, among other
pertinent features.

You may ask what the Linux connection is. Simply, all of
the components to Andover.net's network are based on
Linux and more specifically, on Open Source. Open Source
is an approach to the development, testing and
modification of software that has emerged as an
alternative to traditional software development. Open
Source is easy to modify and can be accessed for free or
under $100.