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Technology Stocks : Orbital science (ORB) -- Ignore unavailable to you. Want to Upgrade?

To: jgibbs who wrote (1816)	6/25/1998 1:10:00 AM
From: lfman	Read Replies (1) \| Respond to of 2394

Bear, Stearns & Co and JP Morgan are the underwriters. First they distribute IPO shares to their own clients, and then to retail brokers like Schwab, E*Trade, etc. The best IPOs are usually snatched before it gets to retail brokers. If you check performance of latest IPOs available from Schwab you'll see that most of them underperform. I'm reading ORBCOMM 100+ pages prospectus, and still have a lot of concerns about this IPO. LF BTW I got the same invitation as you did. I'm Schwab 500 customer. (I trade a lot.)