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

To: Bobbie Boucher who wrote (56)	1/3/2000 10:48:00 PM
From: Bear Down	Read Replies (1) \| Respond to of 127

SEC files complaint against stock picker -------------------------------------------------------------------------------- ORLANDO, Fla. (AP) -- The Securities and Exchange Commission filed a complaint Monday against a man who reportedly passed himself off as an impartial stock picker but actually was being paid by the companies he pitched. The regulatory body has asked a federal judge to make Steven Samblis disclose in his magazine "New Stock" and unsolicited e-mails that he was paid as much as $20,000 by two companies he touted. The SEC also is seeking the return of the profits Samblis made and civil penalties, which could amount to as much as $100,000 per violation. "Here we have a guy who is passing himself off as an impartial source of information but the fact is he has been paid to make the recommendations," said Christian Bartholomew, senior trial lawyer for the SEC's Miami office. "This isn't a gentleman who is unfamiliar with the securities law and we consider this violation to be serious." In an e-mail sent out in September, Samblis announced the start of his magazine and called himself "one of the nation's leading experts on Initial Public Offerings," according to the complaint. He also said his past picks had averaged a return of 38.78 percent annually. According to the complaint, Samblis received $10,000 each to promote Nevada-based Associated Technologies and Delaware-based LEC Technologies in the glossy magazine he published and in e-mails he randomly sent out. Samblis mailed out 25,000 copies of his September issue promoting Associated Technologies that included tear-out cards for readers to mail in for more information on the company. Twenty-five thousand copies of the fall issue recommending LEC Technologies were mailed out in October. They also included tear-out cards. Both companies ended their contracts with Samblis in October. Samblis couldn't be reached by telephone at his Altamonte Springs office and he has an unpublished residential phone number.

To: Bobbie Boucher who wrote (56)	4/6/2000 1:41:00 AM
From: Bobbie Boucher	Read Replies (1) \| Respond to of 127

IPO Market Is Volatile, But Picking Quality Will Still Pay 07/01/1996 Dow Jones Money Management Alert (Copyright (c) 1996, Dow Jones & Company, Inc.) NEW YORK (Dow Jones)--The new-issues market has a case of the wobbles, but the underlying fundamentals remain sound. Volatility is the short-term price for participation in the current market. 'This isn't a market conducive to people with ulcers,' says Steven Samblis , chief financial strategist for Samblis in Longwood, Fla. Part of the problem is that price volatility creates the opportunity for immediate, short-term gains, and investors' diving in and out of the market fuels additional volatility. Software, a favorite of the new-issues market that has produced many strong opening premiums, has also produced some wild swings. Forte Software Inc. (FRTE) of Oakland, Calif., a developer of software for client/server applications, opened Friday at 48 3/4 and closed at 52 1/4. The 52-week high is 81 3/4 and the low is 34 1/2. The IPO was priced at $21 a share, and trading opened March 12 at 35. Stocks in other sectors have also taken dizzying rides. Planet Hollywood International Inc. (PHII), operator of movie- and sports-themed restaurants, priced at $18 a share, has ranged from 32 1/8 to 22, and closed Friday at 27; Spyglass Inc. (SPYG), developer of an Internet browser, priced at $17, has ranged from 61 to 14 1/4, and closed Friday at 21 7/16; Yahoo! Inc. (YHOO), developer and provider of a branded World Wide Web-based navigational service, priced at $13, has ranged from 43 to 18 1/4, and closed Friday at 21. Samblis said investors who can't stomach the possibility of a daily 15% price swing in either direction should stay out of the market until it settles down. Long-term players should be selective, focus on quality, stick by their choices and gut out the daily price gyrations. 'Quality, like cream, will rise,' Samblis said. 'Hot air will rise, too, but it quickly dissipates.' That is, investors who pick good companies with strong fundamentals will eventually be rewarded - though, unlike cream, their stocks are unlikely to follow a steady path upward. About 25 initial public offerings are scheduled to be priced this week. Here are projected opening premiums for this week's top picks, based on a survey of Wall Street analysts conducted by John E. Fitzgibbon Jr., editor of the IPO Aftermarket for Securities Data Publishing in New York. - C-NET Inc. (CNWK) of San Francisco, a provider of reports on technology for cable television and the Web, plans to offer two million shares at $13 to $15 each via Morgan Stanley & Co. Wall Street analysts see an opening premium of one to two points. (MORE) DOW JONES MONEY MANAGEMENT ALERT 07-01-96 10:22 AM EDT

To: Bobbie Boucher who wrote (56)	4/7/2000 11:55:00 PM
From: Bobbie Boucher	Read Replies (2) \| Respond to of 127

IPO Market Is Volatile, But Picking Quality Will Still Pay 07/01/1996 Dow Jones Money Management Alert (Copyright (c) 1996, Dow Jones & Company, Inc.) NEW YORK (Dow Jones)--The new-issues market has a case of the wobbles, but the underlying fundamentals remain sound. Volatility is the short-term price for participation in the current market. 'This isn't a market conducive to people with ulcers,' says Steven Samblis , chief financial strategist for Samblis in Longwood, Fla. Part of the problem is that price volatility creates the opportunity for immediate, short-term gains, and investors' diving in and out of the market fuels additional volatility. Software, a favorite of the new-issues market that has produced many strong opening premiums, has also produced some wild swings. Forte Software Inc. (FRTE) of Oakland, Calif., a developer of software for client/server applications, opened Friday at 48 3/4 and closed at 52 1/4. The 52-week high is 81 3/4 and the low is 34 1/2. The IPO was priced at $21 a share, and trading opened March 12 at 35. Stocks in other sectors have also taken dizzying rides. Planet Hollywood International Inc. (PHII), operator of movie- and sports-themed restaurants, priced at $18 a share, has ranged from 32 1/8 to 22, and closed Friday at 27; Spyglass Inc. (SPYG), developer of an Internet browser, priced at $17, has ranged from 61 to 14 1/4, and closed Friday at 21 7/16; Yahoo! Inc. (YHOO), developer and provider of a branded World Wide Web-based navigational service, priced at $13, has ranged from 43 to 18 1/4, and closed Friday at 21. Samblis said investors who can't stomach the possibility of a daily 15% price swing in either direction should stay out of the market until it settles down. Long-term players should be selective, focus on quality, stick by their choices and gut out the daily price gyrations. 'Quality, like cream, will rise,' Samblis said. 'Hot air will rise, too, but it quickly dissipates.' That is, investors who pick good companies with strong fundamentals will eventually be rewarded - though, unlike cream, their stocks are unlikely to follow a steady path upward. About 25 initial public offerings are scheduled to be priced this week. Here are projected opening premiums for this week's top picks, based on a survey of Wall Street analysts conducted by John E. Fitzgibbon Jr., editor of the IPO Aftermarket for Securities Data Publishing in New York. - C-NET Inc. (CNWK) of San Francisco, a provider of reports on technology for cable television and the Web, plans to offer two million shares at $13 to $15 each via Morgan Stanley & Co. Wall Street analysts see an opening premium of one to two points. (MORE) DOW JONES MONEY MANAGEMENT ALERT 07-01-96 10:22 AM EDT