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To: Annette who wrote (9955)3/3/1999 1:34:00 PM
From: Edward Y. Lee  Read Replies (1) | Respond to of 27722
 
Annette,

I was just looking at the announcement. $37 million is the offering price. Is that a low amount for an IPO? I am assuming that the IPO initial price will be in the teens, so suppose I use $17.00 per share.

$37,000,000 / $17.00 = 2.1 million shares

Assuming the underwriters take their usual amount, 2 million is a good ball park figure for the amount of shares to be sold. Is that a logical guess?

Edward



To: Annette who wrote (9955)3/3/1999 2:00:00 PM
From: Curbstone  Read Replies (2) | Respond to of 27722
 
Short-stack, comin' up!

Now I ask you, do we sound nervous to you?

Mike


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