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To: Z268 who wrote (40621)	3/1/2000 9:42:00 PM
From: serious_stuff	Read Replies (1) \| Respond to of 45548

Green shoe: The underwriters in the Palm ipo have negotiated an arrangement with Palm, called the green shoe. This is standard in virtually every IPO, and is basically a windfall for the bankers if the deal takes off. The way it works: the underwrites have the option to buy up to 3.5 million shares 30 days after the ipo from the company. Big deal? Yes, because their option is to buy it at the offering price (ie, $38/share). So Goldman, MSDW and the other bankers are going to be working damn hard to make sure that come April 2 the Palm price is as high as they can make it. Sorry if everyone already knew all this...

To: Z268 who wrote (40621)	3/2/2000 1:25:00 AM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

OT about T again. Stephen, guess we should bring it to the T thread. The ipo and later on distribution of shares to shareholders look and smell and taste like a spin-off to me. I think these phone companies are in the older mindset and they only know of tracking stocks. Tracking stock has proved not to have any beneficial effects so I do think the T/Wireless thing is a spinoff. I am here just speculating - once they have their proxy meeting in March 14 done, they will change the whole thing to be a spin off. I think originally they made it out to be tracking stock only, after seeing the coms effect, and T's terrible performance, they decided to do a proxy vote and change it to a spin-off. Just guessing - havn't really followed T as much as coms. But I bought T today already. Buy first - ask later !<G> This is my last post here re:T . Come to the T thread if anybody want to discuss it further. Mang