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To: BobInBush who wrote (1433)	8/29/2000 12:39:19 PM
From: Andre Williamson	Read Replies (1) \| Respond to of 6784

Shares - >>Goldman Sachs being the lead underwriter means that they have a lot of discounted shares. Most likely they were the ones who got to sell at $160.<< a) what does the second part have to do with the first, and b) did GS really get "discounted" shares? Do you mean discounted from $160, or from $38? I'm all for conspiracy theories, but weren't ALL the IPO shares sold at $38, including those allocated to AOL/Nok/Mot (that's them, right? I can never remember :), plus the overallocation to GS, right? And we're at about $38 now, 6 months later. So I don't see that there's a strong argument they'd be selling at a profit. GS got paid for the underwriting; the shares they had to buy like everyone else at $38. What am I missing? Andre