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 (43)	1/2/2000 9:05:00 AM
From: who cares?	Respond to of 127

IN THE NEWS, Wannabe Stock Pimp Nailed By SEC sec.gov UNITED STATES SECURITIES AND EXCHANGE COMMISSION LITIGATION RELEASE NO. 15609 / January 6, 1998 SECURITIES AND EXCHANGE COMMISSION V. STEVEN SAMBLIS, ET AL. Case No. 98-001-CIV-ORL-22-C. The Securities and Exchange Commission ("SEC") announced that it filed a complaint today in the U.S. District Court for the Middle District of Florida in Orlando against Steven Samblis and his corporation New Stock,Inc. ("NSI"). According to the SEC's Complaint, Defendant Samblis is a resident of the Orlando, Florida area and self-professed stock picker. The SEC alleges that Samblis, together with co-defendant NSI, is passing himself off as an independent and impartial stock picker when, in fact, he is nothing more than a paid pitch man for the companies he hypes. In its Complaint, the SEC alleges that in October 1997 Samblis published a magazine, New Stock, in which he enthusiastically recommended the securities of certain publicly-traded companies without disclosing that he had been paid at least $20,000 to make these recommendations. The SEC also alleges that Samblis was paid to issue thousands of E-mails over the Internet regarding these same securities. The SEC learned of Samblis' activities when detected by the Enforcement Division's Internet Surveillance program. The SEC is seeking an expedited hearing and preliminary injunction against Samblis and NSI for violating Section 17(b) of the Securities Act of 1933. Section 17(b) makes it illegal for any person to distribute any publication recommending a security while being paid to do so without fully disclosing that he has been or will be paid for recommending the stock and the amount he has been or will be paid. In addition to a preliminary injunction, the SEC seeks a permanent injunction against Samblis and NSI, disgorgement of ill-gotten profits, and civil money penalties. Investors are advised to read the SEC's "Cyberspace" Alert before purchasing any investment promoted on the Internet. The free publication, which alerts investors to the telltale signs of online investment fraud, is available on the Investor Assistance and Complaints link of the SEC's Home page on the World Wide Web <www.sec.gov>. It can also be obtained by calling 800-SEC-0330. Investors are encouraged to report suspicious Internet offerings (or other suspicious offerings) via e-mail to <enforce-ment@sec.gov>. A user-friendly form to assist you in making a report is available at the Enforcement Complaint Center on the Enforcement Division link of the SEC Home Page <www.sec.gov>. Investors can also mail a report to the SEC's Enforcement Complaint Center, Mail Stop 8-4, 450 Fifth Street, Washington, D.C. 20549. Gee, I hope I don't get in trouble with the SEC for cutting and pasting that. CMB

To: Bobbie Boucher who wrote (43)	4/5/2000 1:40:00 AM
From: Bobbie Boucher	Read Replies (1) \| Respond to of 127

IN THE NEWS Netscape Communications seen as hot initial public offering 08/08/1995 Atlanta Constitution Page F/6 (Copyright 1995 The Atlanta Journal-Constitution) New York - The initial public offering of Netscape Communications, viewed by many as the next Boston Chicken, is already moving up in price. Morgan Stanley has increased the size of the offering to 5 million shares from 3.5 million and the anticipated price range from $21 to $24 from $12 to $14. The price is scheduled to be set this week, possibly today. "It's still going to be a monster. This stock has a Disney feel to it as far as quality," said Steven Samblis , an analyst at Empire Financial Group in Longwood, Fla. "It's just going to be a wider army running across the plain - it will run just as hard and won't be diluted by the larger number of shares." "Netscape allows a small-business man to have the same information in his hands as a big corporation so anybody can compete with anybody else," said Samblis . He said he expects the stock to trade at $31 or $32 after about 10 days on th e market. "It's one of those things where history comes back with a different name," he said. "This time it's Netscape, not Boston Chicken." In November 1993, Boston Chicken's initial offering of 1.9 million shares was sold at $20 each. The stock started trading at $45.50 and went as high as $51 on the first day of trading. Netscape is best known for Netscape Navigator, a point-and-click software package that helps users cruise the Internet. Many companies advise users clicking on their web sites that information looks best when displayed with Netscape's software. The company also makes products that allow individuals and organizations to exchange information and complete secure financial transactions over the Internet. The company's products include Netscape Commerce Server and Netscape Communications Server. For the six months ended June 30, Netscape had revenue of $16.6 million and a loss of $4.3 million, the preliminary prospectus reports. Netscape's proposed Nasdaq symbol is NSCP.