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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (81785)	3/16/2001 6:33:20 PM
From: yard_man	Read Replies (2) \| Respond to of 436258

recent story on YHOO says damn the torpedoes and full speed ahead (MS up to its ears?) -- I think they are going to try and do it simultaneous to the rate cut -- I think they are desperate -- I still think there is value there, but maybe I should have waited for 5 bucks??? A small clownish play on my part ... dailynews.yahoo.com >>``I think they are going to go tooth-and-nail to keep that price mainly because of Morgan's immense exposure,'' said Irv DeGraw, research director at online financial site WFNusa. ``It's not a normal IPO.'' Morgan Stanley is receiving 200 million of the 500 million Agere shares offered in return for taking on some Lucent debt. According to documents filed with the SEC, Morgan Stanley has already acquired more than $2.3 billion in Lucent debt. <<

To: MythMan who wrote (81785)	3/17/2001 9:23:47 AM
From: UnBelievable	Respond to of 436258

LDCL Is Only One of GSCO's problems LDCL was the IPO which they brought to market last week. After many changes it ultimately was priced at $6 a share. Friday it traded as low as 3 7/8 before closing at 4 7/16. Many people don't realize that in their role as underwriter they are making a professional judgement, one with liability associated with it, concerning the value of the security at the time of issue. This put associated with all IPO's brought to market by an underwriter. is one of the reasons that Underwriters almost always price an issue comfortably below what they feel is its true value. In fact, in the past, if one of the major investment banks brought out an IPO that immediately went underwater they would pro-actively take action to remedy the situation. I don't know if GSCO plans to do anything about this but if they don't I'm sure the lawsuits will be forthcoming. I guess anyone who bought the inital shares are holding them as a risk free investment. If they go up great, if they go down, more damages from GSCO. At some point I would imagine not bringing the issue to the attention of the underwriter must constitute implied consent so I don't know how much longer the claim can be put off.