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Technology Stocks : PALM - The rebirth of Palm Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Andre Williamson who wrote (1434)	9/5/2000 7:11:09 PM
From: BobInBush	Read Replies (2) \| Respond to of 6784

Andre; It is customary for underwriters on an IPO to get a large block of stock at a discount from the subscription price, usually about 10-20%. Some stock goes to their favorite clients, some is openly traded. There also is no restriction for them. That is their BIG Carrot, why they get involved in these things and how they get paid. PALM opened at $38, which most likely meant that GS paid around $30 per share. That is after all how they make money. Great work if you can get it. Both Goldman Sachs and PALM have a reputable name, so that helps make the IPO successful. On Goldman Sachs defense, they mostly deal with companies that have a good reputation. But like all of us, they are in it for the money!