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Technology Stocks : Digital Lava Inc. (DGV) -- Ignore unavailable to you. Want to Upgrade?

To: hcm1943 who wrote (21)	2/18/1999 1:18:00 PM
From: Amanda Marley-Clarke	Respond to of 343

Again, my mistake about this being an internet play...as I said, second-hand info...though there is an internet connection, is there not?. As far as the underwriters not having any control over the trading date...fair enough...I have enough experience in the markets as I work in investor relations, and have worked with many companies going public, to know that the SEC gives you the symbol and 'go ahead' and basically it's 48 hours from then. However, the company does have the ability to 'tweak' with that a bit...I know this from experience. Also, the company has the ability to set the price...or I should say, the underwriters. In my experience they would set a range for the market to work with. All I can think is that they didn't want a crazy chart, or that they didn't want the IPO investors to get out quickly...rather they want a solid shareholder base. Fair enough....but at least give the IPO people, who have put their money on the line, equal value for their investment. What's 75 cents? Isn't that how much lower it opened then the IPO price?? And, as far as 'dog and pony shows'...obviously they weren't successful or else there would be more initial demand for the stock. My client was told that the reason the stock opened lower, is because some people pulled out of the IPO, and they had to return shares. ??? If so, shouldn't the IPO price have been re-adjusted for the others? Just a question... I have a long-term relationship with my client and would appreciate any input or information you could give me so that I can pass it on to him. I will check out the website, but if you have any other input, I would appreciate it. Sounds like the company has potential...but I would like to know that the market side of things is also being looked after. Thanks