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To: Michael Bendner who wrote (1620)8/7/1998 3:14:00 PM
From: C. McD  Respond to of 2752
 
Open solutions to price next week at $10-$14

Hmmmm, looks like BT Alex Brown thinks next Tue/Wed will be a better time for IPOs:

Friday August 7, 2:47 pm Eastern Time

NEW YORK, Aug 7 (Reuters) - Open Solutions (OSIF - news) decided Friday to postpone its intial public offering until
Tuesday or Wednesday of next week instead of withdrawing it indefinitely from the market.

Open Solutions was supposed to price last night but due to Tuesday's market drop has been moved to a later date, the IPO's
lead underwriter BT Alex. Brown said.

Hartford, Conn.-based Open Solutions, a provider of client server core processing software, is expected to price 2.8 million
shares at $10-$14, lowered from the original $14-$12 price range