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Technology Stocks : Perot Systems (PER) -- Ignore unavailable to you. Want to Upgrade?

To: Ice Cube who wrote (76)	2/2/1999 12:01:00 PM
From: EyeDrMike	Read Replies (1) \| Respond to of 542

ROFLMAO, I completely agree, looks like the buyers are oustripping the sellers handily! Mike

To: Ice Cube who wrote (76)	2/2/1999 12:19:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 542

NYSE halts Perot Systems due to imbalance. Tuesday February 2, 11:54 am Eastern Time NYSE halts Perot Systems for an imbalance NEW YORK, Feb 2 (Reuters) - The New York Stock Exchange said late Tuesday morning it halted trading on Perot Systems Corp, an initial public offering. The stock was halted for an imbalance in the bid and ask prices. Shares were indicated at 38 to 42, with a last sale of 34-3/4. Perot, an information technology company run by Ross Perot, offered its initial public offering today at $16 per share. Perot Systems's IPO was priced Monday night at $16, the high end of the predicted range. The price range was raised twice from the original $11-$12 per share, first to $13-$14, then reaching $15-$16. In a sign of strong demand, the underwriter, Morgan Stanley Dean Witter, also increased the number of shares to 6.5 million shares from 5.5 million. Once open for trade, Perot shares soared 116 percent to 34-5/8. The Dallas-based company is the world's sixth-largest provider of outsourced information technology services. Analysts had expected the offering to be well received because of Perot's business savvy as well as the company's track record. It earned $9.1 million on revenues of $452.7 million in the first half of 1998. The halted shares last indicated at $45-$47 at 1148 EST/1648 GMT, according to the NYSE.