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 : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (5022)	12/10/2001 10:05:19 AM
From: David Weis	Read Replies (1) \| Respond to of 13815

Just heard this on the radio: "...people have thought techs were dead in 3 previous markets and they are always the ones that lead us up..." "...people buy a computer more often than they buy a refrigerator." Today is the pullback....ready. set. go up from here.

To: Boplicity who wrote (5022)	12/10/2001 11:21:47 AM
From: horsegirl48	Read Replies (1) \| Respond to of 13815

Bop I think this thread is the only place left in the world were people r bullish. Its amazing everywhere I read its the the market will see new lows, dow crashing. Even on Tv they keep saying it. Listening to Bob Idiot Brinker yesterday he is very bearish and thinks the bear market will last at least 10 years. Of course his call to his readers to put 20% of their money in the Q's at 80 at the beginning of the bear market makes his market timing of question. So it will be interesting to say the least to see how this plays out in the next few months...

To: Boplicity who wrote (5022)	12/10/2001 5:04:47 PM
From: stockman_scott	Respond to of 13815

IPO market ends sluggish year with a boom By Elena Molinari NEW YORK, Dec 10 (Reuters) - After staggering and stumbling for most of 2001, the U.S. market for new issues will end the year running at top speed. Ten initial public offerings are scheduled for this week, in the busiest week of the year. The calendar includes a potential blockbuster deal from the No. 1 U.S. life insurer by assets Prudential Financial Inc. <PRU.N>. It will be the last week before the IPO market takes its traditional three-week holiday break. The 10 deals could raise a combined $6.2 billion, about 15 percent of the total proceeds of $39 billion in 88 deals raised so far in 2001. More importantly, they could set the tone for a healthy and diverse IPO market next year. In fact, the long-awaited Prudential IPO, with more than $3 billion worth of shares on the table, will not be the only deal to wet investors' appetite. "Underwriters have lined up a strong group of candidates," said Marc Baum, chief executive of IPO-tracking Web site IPO.com. "The quality and the breath of the deals is impressive." After two months dominated by health care IPOs, this week Wall Street firms will bring to market 10 IPOs from five different sectors, encompassing technology, finance, defense, and even biotechnology, a rare presence in this year's IPO market. "After a difficult year, we are back in a normal IPO market. All the elements are in place now," added Baum. "It's particularly important in terms of psychology that Prudential comes to market before the end of the year." Prudential, which is offering 110 million shares at an estimated price range of $25 to $30 a share, will be the third largest IPO of 2001, after Kraft Foods Inc.'s <KFT.N> $8.7 billion deal and Agere Systems Inc.'s <AGRa.N> $4.1 billion offering. Insurance IPOs have enjoyed a very positive reception from markets so far in 2001. Insurance stocks that debuted this year are the second best-performing of 2001 after technology, with a 20-plus percent gain on average from their offering price, according to research firm Dealogic. Another insurer is on tap for this week. The world's eighth-largest reinsurer, Converium Holding AG, is being spun off from Zurich Financial Services <ZURZn.VX>. The demand for Prudential is already shaping up strong, bankers said. Three weeks ago, the IPO's lead underwriter, Goldman Sachs, increased the size of the offering, in a sure sign of strong investors' interest. "After the positive performance of Anthem and Principal Financial, Goldman Sachs, which managed all three deals, believes investors still haven't had their fill of new insurance issues," said Kyle Huske, an analyst with IPO.com. By running the books of the Prudential deal and of two other IPOs -- service company Aramark Worldwide Corp. <RMK.N> and network security firm Netscreen Technologies Inc. <NSCN.O> -- Goldman will end a meager year pocketing fees in the neighborhood of $150 million. Other IPOs on the calendar include biotechnology company Northwest Biotherapeutics Inc. <NWBT.O> and Pentagon contractor United Defense, ending a drought of at least 3 years for defense IPOs. L-3 Communications Corp. <LLL.N>, a maker of communications products that currently derives more than half of its revenues from sales to the Pentagon, went public in May 1998. Research firms like Dealogic and Thomson Financial, however, consider United Defense the first pure defense IPO since Firearms Training Systems <FATS.OB> went public in November 1996. (( -- Elena Molinari, Wall St. Desk (646) 223 6162, elena.molinari@reuters.com))