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Non-Tech : Steelcase IPO -- Ignore unavailable to you. Want to Upgrade?

To: Superhawk who wrote (1)	2/4/1998 8:19:00 PM
From: Ed Gillespie	Read Replies (1) \| Respond to of 27

Scott, The company that I talked to was First of Michigan here in Battle Creek, Michigan. I asked the broker about the Steelcase IPO. He got a big smile on his face and uncovered the prospectus from under a book on his desk. FOM also turned me on to Perrigo Company as an ipo back in 1991?, when I picked up a few shares and short sold them the next day for $7.00 a share more than the $16.00 I paid. He thinks this is an excellent opportunity. I tried to get a copy of the info that he had, but he said that it was hard to come by, as well. He did not know how many shares they would get, but said Morgan Stanley and FOM had a very good relationship. He expected a big run up in this issue. This is a very large company. I live about 50 miles south of Grand Rapids where they have a large complex. I can only tell you what he said. I am not a touter of stocks at all, but I told them I would take 200 for my IRA. I did hear that the stock must be held 5 days after the IPO before it can be sold. Let me know if you hear anything else, and I'll see what else I can find out. Ed