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Technology Stocks : Orckit (ORCT) -- Ignore unavailable to you. Want to Upgrade?

To: savolainen who wrote (1280)	6/15/1998 10:24:00 PM
From: SteveG	Read Replies (1) \| Respond to of 1998

<..have you heard how it's going?..> Apparently not well enough to get the original size deal done. Of the 3MM that WERE coming, an insider pulled 400K, so 2.6MM is expected to be priced tomorrow morning. My guess is, they price it below the current bid of 18. Maybe 17 3/4 or less. If the market is still rocky, they may have to either price it even better, delay it, or let the price fall in the market as flippers kick their shares out (as many institutions do in a weak market).