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To: pater tenebrarum who wrote (6066)7/26/2000 4:14:18 PM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
Corvis (CORV) IPO on Friday should suck at least a billion in liquidity out of the broader market. 27.5 million shares in the IPO, the IPO price has already doubled, final price to be set Thursday night. I am guessing it goes off at $50, at least, which would mean $1.375 billion. There are 330 million shares outstanding, if my guess is right, the company should have a market cap of $16.5 billion, which isn't bad for a company with no revenue. Having said all that, wish I had some. If I can get any for $30, I definitely will. That will be the last bear throwing in the towel. BTW, rumor has it that the company turned down $10 billion offer from Cisco.



To: pater tenebrarum who wrote (6066)7/26/2000 4:16:28 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<< because it will signal that credit expansion has slowed, and without accelerating credit expansion the bubble is doomed - and with it the economy.>>

.....and the banks, and the brokers, and real estate, and retail, and the dollar.

Fear not, easy Al will rectify the money deficiency with a stroke of his mighty pen!


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