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Strategies & Market Trends : IPO Boycott -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (16)	11/24/2000 8:34:34 PM
From: KevinMark	Respond to of 61

Nice! 539 million shares Outstanding. 53 million in the float. So far to date, approximately 68 million shares traded. Outstanding POS offering by Goldman! Merrill must still have this POS on the books......... Also, a nice long list of underwriters who are UNDERwater in this POS, as well as investors who bought it the 1st trading day. Underwriters: Goldman, Sachs & Co. Salomon Smith Barney Merrill Lynch & Co. Chase H&Q CIBC World Markets CS First Boston Deutsche Banc Alex. Brown Lehman Brothers Incorporated ABN AMRO Incorporated Merrill Starts Asia Global Crossing At Buy, $17 Target (AGCX) Newstraders - November 10, 2000 08:34 (NewsTraders.com)--Asia Global Crossing (AGCX) is well positioned to become the first truly pan-Asian network services provider, in the opinion of Merrill Lynch analyst Craig Irvine, who marked the end of the company's post-IPO quiet period by initiating coverage today with an overall "buy" grade. Irvine put forth a discounted cash flow-based price target of $17 for the stock. The analyst noted that Asia Global's expansion strategy uses a joint venture network, with the company already having established pacts in Japan and Hong Kong, and working towards agreements in Korea, Singapore and Taiwan. Among the potential soft spots associated with the company are execution, pricing and regulation risks, Irvine said, adding that Asia Global has a complicated holding company structure. Asia Global is majority-owned by network services concern Global Crossing (GX), Japanese venture capital outfit Softbank and software giant Microsoft (MSFT). Merrill Lynch acted as an underwriter in Asia Global's Oct. 6 initial public offering, in which the company sold 53 million shares at $7 apiece. Shares of Asia Global were recently higher by $0.06 at $6.50. Copyright 2000 NewsTraders Inc. All Rights Reserved 10:06 Friday, November 10, 2000