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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: John Graybill who wrote (36779)	5/31/2000 3:54:00 PM
From: Lucretius	Respond to of 42523

should be DOWN and down huge from here... but it never seems to take that final step off the ledge....

To: John Graybill who wrote (36779)	5/31/2000 4:49:00 PM
From: John Graybill	Respond to of 42523

Here's some specifics on some Silicon Valley companies who have a lot of stock getting unlocked very soon: Gail Dudack, analyst at Warburg Dillon Read in New York, was predicting before the Tuesday rally the Nasdaq index could fall to 2,700, partly because of lockup expirations. ``Supply will be high, demand will be low,'' she says. In May, the stocks of at least 15 Bay Area companies were hit badly around the time when their lockup periods expired. For instance, the six worst saw their stocks drop anywhere from 24 percent to 65 percent during the two weeks surrounding the expiration date. Shares in a seventh, McAfee.com of Santa Clara, dropped 33 percent but then recovered on Tuesday. Its lockup expired Monday. And a few were not so drastically affected. In June, the date is approaching for another nine Silicon Valley companies, including well-known companies such as VA Linux Systems of Sunnyvale and Fogdog Inc. of Redwood City. At Fogdog, 81 percent of its 36.4 million shares outstanding have been kept off the market by the lockup period, according to IPOlockup.com, a Web site tracking the lockups. mercurycenter.com note that Clowns exist even at the corporate level: McAfee.com's parent company, Network Associates Inc., owns 68 percent of the stock and won't sell because it can benefit from McAfee.com's losses by consolidating them on its balance sheet for tax purposes