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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: OrionX who wrote (1914)	12/2/1997 11:55:00 PM
From: Mike Winn	Read Replies (1) \| Respond to of 60323

Full text of Alan Greenspan's speech in New York city tonight: biz.yahoo.com Summary: biz.yahoo.com Fortunately, I didn't say anything controversial this time.

To: OrionX who wrote (1914)	12/3/1997 12:08:00 AM
From: Mike Winn	Respond to of 60323

All, I just read a post on the APEX thread. 207.183.153.206 There is a comment by the CEO of APEX who stated that the institutions are probihited from selling the shares they got at the secondary during the lockout period (usually 6 months). I know that in an IPO, insiders are not allowed to sell during the lockout period but I am unaware that this applies to the institutions who participate in the IPO or secondary as well. So if this is true, then we are safe for 6 months that those 3M shares at the secondary won't be dumped on the market. Sheeeh, the institutions have to pay $28 for the shares, plus they have to keep for 6 months. Smaller investors are at an advantage here. Mike.