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Technology Stocks : PRGY-Prodigy Communications -- Ignore unavailable to you. Want to Upgrade?


To: eDollar.com who wrote (180)2/26/1999 8:40:00 PM
From: Sherry McGregor  Respond to of 419
 
Interesting article:

thestreet.com

A reference to PRGY at the end



To: eDollar.com who wrote (180)2/26/1999 9:25:00 PM
From: MARIO PASQUA  Respond to of 419
 
Maybe you're right, I guess an analyst is not subject to the rule..but the company is.

IPO- SEC S-1 Registration

Quiet period -- the time period in which companies are forbidden by the Securities & Exchange Commission to say anything not included in their prospectus that could be interpreted as hyping an offering. Starts the day a company files an S-1 registration statement and lasts until 25 days after a stock starts trading. Intent and effect of quiet period have been hotly debated.





To: eDollar.com who wrote (180)2/26/1999 9:49:00 PM
From: MARIO PASQUA  Respond to of 419
 
I don't know about PER analyst...and who's right or wrong.

Some more info on the subject.

IPO research report

In a new issue is the analyst research report, which comes out about 25 days after a stock starts trading. Because the analysts who first start covering a new issue work at the banks that helped bring the company public, these "rah-rah" reports nearly always include a "buy" or "strong buy" rating and rarely make much of an impact on a stock's price. However, they do provide some food for thought, as well as revenue and earnings estimates that can help an investor decide on an appropriate valuation. "After 25 days, you can get a better feel of the outlook for the company," says John Fitzgibbon, editor of the IPO Reporter.