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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?


To: Duker who wrote (1914)2/24/1999 3:47:00 PM
From: Math Junkie  Read Replies (3) | Respond to of 3813
 
The dip is kind of an odd reaction, really, because the public offering is like taking money out of one pocket and putting it in another. For every dollar of dilution of existing shares, there is a dollar added to the cash on hand per share. It seems to me it would only be a negative if you assume that management doesn't know how to put the money to effective use, which I doubt.