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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (106658)	7/28/2000 11:23:20 AM
From: Glenn D. Rudolph	Respond to of 164684

Glenn i have stop in on Adct at 38 The stock should remain strong relative to market Mark, Thank you. I did not put in a stop. Since I must leaave, I will. Thank you. ADCT is quite strong.

To: Mark Fowler who wrote (106658)	7/28/2000 11:40:40 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Mark, just another average day on Wall Street. >West Kingston, Rhode Island, July 28 (Bloomberg) -- American Power Conversion Corp. shares plunged as much as 44 percent a day after the No. 1 maker of devices to protect computer networks from power surges said it expects 2000 earnings to be lower than analysts expected. American Power shares fell 20 5/16 to 26 3/16 in late morning trading of 11 million, erasing $3.92 billion in market capitalization since yesterday's close. Earlier, they touched 26 1/8. They were as low as 30 1/16 in after-hours trading yesterday.

To: Mark Fowler who wrote (106658)	7/28/2000 11:54:25 AM
From: H James Morris	Respond to of 164684

Mark, some IPO's look good. >New York, July 28 (Bloomberg) -- Corvis Corp. shares are expected to surge after the maker of equipment for fiber-optic networks raised $1.14 billion in an initial public offering, a record for a company that's yet to take in revenue. Corvis sold 31.6 million shares at $36 each, raising almost three times as much as it was planning just three days ago. By Tuesday, Corvis had received enough demand to increase its indicated price range for the 27.5 million shares it planned to sell to $28 to $30. ``The future for Corvis looks pretty good,'' said Steve Catricks, analyst with Blackrock Inc.'s emerging growth team. ``It will probably become a top-tier optical networking company.'' The IPO, managed by Credit Suisse First Boston, was the largest for a U.S. company that hasn't reported revenue, according to CommScan LLC, whose records date back to 1990. The company is benefiting from investor enthusiasm for the market for fiber-optic equipment and parts as demand for Internet capacity surges. Avici Systems Inc., a maker of high-capacity data-traffic routers, raised $217 million today in an initial public offering, after twice boosting the sale to meet robust demand. Avici shares, too, are likely to gain, Catricks said. Avici sold 7 million shares at $31 apiece, above the $28 to $30 price range set on Monday by its bank, Morgan Stanley Dean Witter & Co. The price was above the original range of $18 to $20 set in June. Corvis' IPO was the biggest of nine sales last night, the most companies in a single day since February, according to CommScan's figures. First-day gains for many may be constrained, though, by sliding technology stocks. The Nasdaq Composite index fell as much as 1.1 percent in early trading, extending its slide this week to 7 percent. Jul/28/2000 10:30 ET