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 : Steven M. Samblis answers IPO questions direct -- Ignore unavailable to you. Want to Upgrade?

To: Bobbie Boucher who wrote (35)	1/2/2000 2:27:00 AM
From: Bobbie Boucher	Read Replies (1) \| Respond to of 127

IPO Market -2-: Fewer But Stronger Deals Expected In 1997 01/10/1997 Dow Jones International News (Copyright (c) 1997, Dow Jones & Company, Inc.) reprinted with permission Lucent, the spinoff of AT&T Corp.'s (T) communications development and manufacturing division, raised about $3 billion last April, making it the largest U.S. deal in history. The stock was priced at $27 a share via Morgan Stanley & Co., rose to 53 1/8 and now trades at 49 5/8. Instead of high-profile IPOs, analysts believe there will be a number of smaller deals in 1997. Some will offer the potential for solid but unspectacular gains. However, small deals generally don't make good stories when brokers spin yarns to prospective investors, and this could create negative feedback. If the general press compares last year's record-setting numbers in the IPO market to this year's slow start and concludes that Armageddon has arrived, individual investors could be spooked and head for the sidelines, further slowing activity. Samblis Financial's Steven Samblis believes the new-issues market will be strengthened by a new twist in IPOs - strong companies like Puma Technology Inc. (PUMA) that go public to enhance their image rather than solely to raise money. The San Jose, Calif., company, which develops and markets mobile data exchange software, priced 3.9 million shares at $9.50 each via Deutsche Morgan Grenfell Inc. The stock opened last month at 12 1/2, hit 20 3/4 and now trades at 17. 'Investors can fall in love with this kind of company,' he said. 'It's like a bank lending money to people who don't really need it. This type of IPO can drive the market up.' The IPO market's slow start in 1997 won't undercut what many analysts see as ongoing strength in computer manufacturers and computer resellers. Semiconductors, known for their wild highs and manic lows, appear to be bouncing back. Intel Corp. (INTC) this week hit 145 5/8, surpassing its 52-week high of 143 1/2. Some analysts expect a rebound in biotechs. Early biotechnology companies going public offered little more than possibility and a dream, but companies expected to come to market later this year have products and are completing clinical trials. Analysts said stocks of sit-down restaurants are worth a look, but urged investors to avoid fast-food companies because the nation's population is aging and losing its taste for meals consisting of a hamburger, fries and a soft drink. Service industries such as air conditioning and home repair are consolidating, and newly formed regional or national companies seeking to go public may offer opportunities to investors. Outsourcing companies provided strong returns in 1996, but many now appear to be fully valued and therefore offer little to investors. Medical service and supply companies were generally anemic for much of 1996 and are unlikely to recover in 1997. Internet stocks took a huge hit last year, and many analysts said there is little reason to expect a turnaround this year. However, some believe Internet companies coming to market in 1997 will be more mature than the first wave to go public, making their value and plan for future growth easier to assess. However, there are no major Internet companies lining up to go public, and analysts urge caution before plugging into an Internet stock. 'In terms of investment opportunities, the Internet is dead,' said Irv DeGraw, research director for the IPO Insider in Sarasota, Fla., and a finance professor at Eckerd College. (MORE) AP-DOW JONES NEWS 10-01-97

To: Bobbie Boucher who wrote (35)	4/5/2000 1:37:00 AM
From: Bobbie Boucher	Read Replies (1) \| Respond to of 127

Florida Panthers -2-: Stock May Run On Emotion >PUCK 11/13/1996 Dow Jones News Service (Copyright (c) 1996, Dow Jones & Company, Inc.) Steven Samblis , president of Samblis Financial Corp. in Longwood, Fla., said Florida Panthers Holdings will trade on its glamor rather than its fundamentals. 'If you've got 'sports,' 'Huizenga' and 'Blockbuster' in one story, people want to read it,' he said. 'The fundamentals are weak, but from a perception standpoint, I think the stock will really crank. That's not bad - if you understand what you're looking at. Stocks run for different reasons, and if you understand those reasons, you can make money.' Investors have made money in stock-car racing companies, despite analysts' warnings, and Speedway Motorsports Inc. (TRK) and Penske Motorsports Inc. (SPWY) have raced to strong returns. In February 1995, Speedway priced 4.5 million shares at $18 each via Wheat First Butcher & Singer, and declared a 2-for-1 stock split in March of this year. The 52-week high is 31, the low is 13 5/8 and the stock now trades at 23 3/4. In March, Penske priced its deal at $24 a share. The stock reached 40 3/4 and now trades at 34. But International Speedway Corp. (ISCA), now trading at 19 1/2, has dipped below its Nov. 4 offering price of $20 a share after going as high as 22 1/4. Fans buying a few shares in Florida Panthers Holding Inc. won't be engineering any trades or have a hand in its operation. NHL rules prohibit control of a team without league approval. A new class of shares with 10,000 votes each has been created and will be held only by Huizenga. In the past, sports fans hungering of a piece of the financial action bought shares in Boston Celtics L.P. (BOS). Investors seeking a chunk of baseball's Chicago Cubs or the NHL's Mighty Ducks of Anaheim, Calif., can buy Tribune Co. (TRB) or Walt Disney Co. (DIS), respectively. (END) DOW JONES NEWS 11-13-96 12:56 PM (CORRECTED 17:02)