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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: MMK who wrote (11237)	3/15/1999 12:25:00 AM
From: StockHawk	Read Replies (1) \| Respond to of 56535

IPO's - the 25 day quiet period - Part I This is a very, very long post. It contains information on IPO's that may benefit from positive analysts recommendations after the 25 day quiet period ends. Why should this work? If you were the manager of a hot company that you wanted to take public how would you select an underwriter? You would probably want the one with the best track record, the one who's other IPO's had risen in price. How does an underwriter achieve successful IPO's? One way might be to have their analysts issue buy recommendations. Take a look at ONXS. The Lead Underwriter is CS First Boston Corp. On 3/12/99, right after the quiet period expired, CS First Boston issued a buy recommendation and the stock basically jumped 50% from $18 to $27. Then there is EPAY which closed at $28 on 3/9/99 and $58 on 3/12/99. It seems that BancBoston Robertson Stephens issued a buy on 3/10 and Bt Alex Brown issued a buy on 3/11. Turns out that BancBoston Robertson Stephens was lead underwriter and Bt Alex Brown was listed second. VERT jumped from about $73 to $96 after favorable comments were made by an analyst with Hambrecht & Quist on 3/10/99 and the stock has continued up. Hambrecht & Quist was listed as the second underwriter for VERT. (Perhaps we'll be hearing from lead underwiter Lehman Brothers soon.) What should we look for? A strong lead underwriter is a definate. If no one ever heard of them their recommendation will not carry much weight. Below I have listed the lead underwriter and all the other underwriters who participated. Is a long list best? Perhaps - the more big names that can potentially issue buy reports the better. On the other hand, perhaps a short list is best - if each underwriter has a bigger piece they may have more incentive to support the stock. It is also a positive, I think, if the company is selling all the stock. If insiders are getting out at the IPO price that may not be the best signal. That info. is also below. Is the company substantial - do they have employees, sales, profits even? That is below too. Plus some recent news (I included some news about the offering and MMK provied links to current news stories). Also below is stock price and volume data. Triffin provided the initial dates the stocks traded and the IPO price. MMK counted out 25 days beyond the dates provided by Triffin. I have presented this info. after the price/volume charts in the format [ initial date - ticker - IPO price - date after 25 days]. The original posts by Triffin and MMK are included at the end of this file. Where does this list come from? I looked at a large number of IPOs trying to find those that were less than 30 days old. I eliminated most of them (banks mostly) selecting high tech/internet issues - the kind of stocks that might jump on a positive recommendation and might not fall on bad news, such as a lack of profits. VERT, for example reported increasing losses on 3/2/99. That did not stop the stock from rising - 10% on 3/2 and a lot more after that. (There are a few exceptions, such as KFY, a headhunter firm.) Of course a stock that is older than 30 days but does not yet have analysts coverage might also be worth a look - PCNTF comes to mind. What should we buy? Probably the most repeated line on SI is "do your own DD" and that is especially true when it comes to investing real money in IPO's. This is risky. It might not work. The market could move much lower and enthusiasm for recent IPO's could wane. Information presented here may be incorrect, incomplete or just plain stupid. With that said, IMHO, the cream of the crop in this list is: ITRA, NESY and PCOR, and possibly also WEBT. As you review the information presented you will see that in some cases coverage did not result in an increase in the stock price, but at least none of the stocks fell after recommnedations were issued. So the strategy may not always work, but perhaps the downside is limited somewhat. Note: Despite time spent trying to format this post properly, there are still problems. SI seems to eliminate some of the spaces or tabs in the stock charts - sorry. If anyone knows how to correct this please let me know. Also, very long posts - like this one - can not be presented in one piece. Thus I had to break it up in parts. = BOTTOMLINE TECHNOLOGIES INC -- EPAY Underwriters BANCBOSTON ROBERTSON STEPHENS BT ALEX BROWN INC CIBC OPPENHEIMER CORP HAMBRECHT & QUIST LLC ADAMS HARKNESS & HILL INC WILLIAM BLAIR & CO LLC DAIN RAUSCHER CORP MOORS & CABOT INC FIRST SECURITY VAN KASPER BOTTOMLINE TECHNOLOGIES DE Prices Available: 02/12/99 through 03/12/99 Ticker: EPAY Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/16/99 1,998,900 25 5/8 21 1/8 23 1/8 02/17/99 586,000 23 3/8 20 1/2 21 02/18/99 514,800 21 1/2 19 19 7/8 02/19/99 183,100 20 1/2 19 3/8 19 11/16 02/22/99 216,300 22 19 1/2 20 3/4 02/23/99 196,900 22 20 9/16 21 5/8 02/24/99 240,900 23 1/8 21 5/8 21 5/8 02/25/99 191,900 21 3/4 19 3/4 21 02/26/99 239,800 23 20 5/8 21 03/01/99 94,100 21 5/8 19 7/8 20 3/4 03/02/99 361,300 23 21 21 3/8 03/03/99 136,300 22 5/8 20 7/8 22 03/04/99 277,400 24 21 7/8 22 13/16 03/05/99 332,600 24 1/2 23 23 7/16 03/08/99 887,800 29 3/4 23 5/8 29 03/09/99 656,800 30 3/4 26 1/2 28 03/10/99 612,500 29 7/8 26 1/2 29 3/4 03/11/99 4,190,700 47 1/4 31 1/4 37 5/8 03/12/99 9,957,500 60 3/4 41 57 7/8 = EDUCATIONAL VIDEO CONFERENCING INC - EVCI RECENT NEWS 2/23/99 The company priced at $12. 2/10/99 The company set its price to $11-$13 and changed its symbol from EVIC to EVCI. 12/23/98 The company set its price to $12. Provides educational courses and programs to employees of major corporations via interactive video conferencing systems. Status/Tentative Pricing- PRICED 2/23 Lead Underwriter- PRIME CHARTER LTD Exchange- NASDAQ Ticker- EVCI Price- $12 Shares- 1,200,000 Shares Offered by Company- ALL Post-Offering Shares- 5,017,495 Underwriters PRIME CHARTER LTD CE UNTERBERG TOWBIN SANDS BROTHERS & CO LTD FIRST SECURITY VAN KASPER GILFORD SECURITIES INC CHATSWORTH SECURITIES LLC KAUFMAN BROTHERS LP JJB HILLIARD WL LYONS INC DRAKE & CO INC (DRAKE CAPITAL SECURITIES INC) Employees, Full-time\|Part-time- 18 Revenue- $0.4 Mln (FY 98) Net Income- $(2.7 Mln) EVCI Prices Available: 02/23/99 through 03/12/99 Ticker: EVCI Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/24/99 102,700 15 1/4 14 5/8 15 1/8 02/25/99 37,100 15 1/2 15 15 1/2 02/26/99 60,300 15 5/8 15 1/4 15 1/4 03/01/99 38,900 16 1/2 15 1/4 16 1/4 03/02/99 37,000 17 15 7/8 16 03/03/99 33,000 16 3/16 15 5/8 16 3/16 03/04/99 62,600 16 3/8 16 16 3/8 03/05/99 15,100 16 1/2 15 3/4 15 3/4 03/08/99 72,900 16 1/4 14 1/4 15 1/4 03/09/99 40,600 15 11/16 15 1/8 15 1/4 03/10/99 23,100 15 1/2 15 1/4 15 7/16 03/11/99 25,700 15 1/2 14 3/4 15 03/12/99 19,600 15 1/4 14 3/4 14 3/4 [2-23..EVCI..@12 - 3/29] = WEBTRENDS CORP - WEBT RECENT NEWS 2/18/99 The company priced at $13 for trading on Friday. 2/16/99 The company increased its number of shares from 3,000,000 to 3,500,000. 1/29/99 The company set its price to $9-$11 and set its number of shares to 3,000,000. Provider of enterprise management and reporting solutions for Internet-based systems. Status/Tentative Pricing- PRICED 2/18 Lead Underwriter- DAIN RAUSCHER CORP Exchange- NASDAQ Ticker- WEBT Price- $13 Shares- 3,500,000 Shares Offered by Company- 3,000,000 Shares Offered by Shareholders- 500,000 Post-Offering Shares- 11,218,964 Underwriters DAIN RAUSCHER CORP SOUNDVIEW TECHNOLOGY GROUP INC BANCBOSTON ROBERTSON STEPHENS HAMBRECHT & QUIST LLC MORGAN STANLEY DEAN WITTER & CO NATIONSBANC MONTGOMERY SECURITIES LLC PAINEWEBBER INC BLACK & CO INC LADENBURG THALMANN & CO INC NEEDHAM & CO INC PACIFIC CREST SECURITIES INC SUTRO & CO INC CE UNTERBERG TOWBIN Employees, Full-time\|Part-time- 78 Revenue- $8.0 Mln (FY 98) Net Income- $0.2 Mln WEBTRENDS CORP Prices Available: 02/19/99 through 03/12/99 Ticker: WEBT Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/19/99 6,602,000 38 26 27 1/16 02/22/99 1,707,700 28 23 3/4 24 5/8 02/23/99 704,300 25 22 24 02/24/99 463,900 26 1/4 24 25 1/2 02/25/99 465,900 25 1/2 23 5/8 25 1/4 02/26/99 106,500 25 1/2 24 1/16 25 1/8 03/01/99 294,500 26 1/8 24 1/16 26 03/02/99 629,800 32 5/8 25 1/4 29 03/03/99 376,800 32 3/4 29 7/8 30 3/8 03/04/99 188,400 32 5/16 29 1/2 30 15/16 03/05/99 135,600 32 1/2 29 3/4 30 11/16 03/08/99 186,100 31 1/8 29 1/4 29 3/8 03/09/99 180,700 30 7/8 29 1/4 30 9/16 03/10/99 1,180,600 39 30 1/2 38 3/4 03/11/99 1,695,100 45 3/4 37 41 1/16 03/12/99 731,900 46 3/8 40 3/16 46 [ 2-19..WEBT..@13 - 3/25] WEBT... Named to Web Host Guild WebTrends and Intraware Partner to Provide Enterprise Management and Reporting Solutions to IT Community search.news.yahoo.com = VERTICALNET INC- VERT Underwriters LEHMAN BROTHERS INC HAMBRECHT & QUIST LLC VOLPE BROWN WHELAN & CO LLC WIT CAPITAL CORP BEAR STEARNS & CO INC BT ALEX BROWN INC BANCBOSTON ROBERTSON STEPHENS DONALDSON LUFKIN & JENRETTE SECURITIES CORP SG COWEN SECURITIES CORP WILLIAM BLAIR & CO LLC DAIN RAUSCHER CORP FRIEDMAN BILLINGS RAMSEY & CO INC JANNEY MONTGOMERY SCOTT INC KAUFMAN BROTHERS LP NEEDHAM & CO INC VERTICAL NET INC OC-COM Prices Available: 01/26/99 through 03/12/99 Ticker: VERT Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/16/99 1,359,200 46 40 5/8 40 7/8 02/17/99 792,100 40 1/2 35 1/8 37 3/4 02/18/99 766,700 38 1/8 34 3/4 35 02/19/99 367,500 37 1/2 35 35 1/4 02/22/99 233,000 37 1/2 35 36 1/4 02/23/99 741,900 43 1/8 36 42 7/16 02/24/99 578,000 46 41 1/4 43 02/25/99 232,400 44 3/4 39 40 1/2 02/26/99 184,600 43 38 41 1/4 03/01/99 705,700 49 7/8 40 49 1/2 03/02/99 1,620,900 59 1/2 50 56 03/03/99 619,500 59 7/8 53 5/8 57 3/4 03/04/99 383,500 59 1/2 52 5/8 54 3/4 03/05/99 170,100 56 1/2 52 54 1/2 03/08/99 1,161,100 85 1/4 50 7/8 74 1/16 03/09/99 862,400 84 7/8 68 73 03/10/99 2,337,400 102 79 1/8 96 1/4 03/11/99 3,383,900 120 98 106 1/4 03/12/99 1,963,800 119 105 1/16 107 1/2 = ROWECOM INC- ROWE 3/8/99 The company priced at $16 for trading on Tuesday. 2/10/99 The company set its price to $12-$14 and set its number of shares to 3,100,000. Status/Tentative Pricing- PRICED 3/8/99 Lead Underwriter- JP MORGAN SECURITIES INC Exchange- NASDAQ Ticker- ROWE Price- $16 Shares- 3,100,000 Shares Offered by Company- ALL Post-Offering Shares- 9,631,447 Underwriters JP MORGAN SECURITIES INC CIBC OPPENHEIMER CORP VOLPE BROWN WHELAN & CO LLC BANCBOSTON ROBERTSON STEPHENS BT ALEX BROWN INC SALOMON BROTHERS INC CHARLES SCHWAB & CO INC Employees, Full-time\|Part-time- 95 \| 6 Revenue- $19.1 Mln (FY 98) Net Income- $(7.6 Mln) ROWE Prices Available: 03/10/99 through 03/12/99 Ticker: Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 03/11/99 2,822,200 39 31 1/16 35 3/8 03/12/99 1,112,000 39 35 1/8 35 3/4 [ 3-08..ROWE..@16 - 4/12] ROWE... T. Rowe Price Associates Declares Quarterly Dividend RoweCom Inc. Is Listed On NASDAQ Following IPO search.news.yahoo.com = PCORDER.COM INC- PCOR RECENT NEWS 2/25/99 The company priced above range at $21 for trading on Friday. 2/25/99 The company increased its price from $11-$13 to $19-$21. 2/9/99 The company set its price to $11-$13 and set its number of shares to 2,200,000. Provider of Internet-based electronic commerce solutions that enable the computer industry's suppliers, resellers and end-users to buy and sell computer products online. Status/Tentative Pricing- PRICED 2/25 Lead Underwriter- GOLDMAN SACHS & CO Exchange- NASDAQ Ticker- PCOR Price- $21 Shares- 2,200,000 Shares Offered by Company- ALL Post-Offering Shares- 15,148,602 Underwriters GOLDMAN SACHS & CO CS FIRST BOSTON CORP SG COWEN SECURITIES CORP BANCBOSTON ROBERTSON STEPHENS DONALDSON LUFKIN & JENRETTE INTERNATIONAL EDWARD D JONES & CO ADVEST INC JC BRADFORD & CO DAIN RAUSCHER CORP LEGG MASON WOOD WALKER INC SANDS BROTHERS & CO LTD SOUNDVIEW TECHNOLOGY GROUP INC STEPHENS INC WIT CAPITAL CORP Employees, Full-time\|Part-time- 194 Revenue- $21.7 Mln (FY 98) Net Income- $(9.6 Mln) PCOR Prices Available: 01/05/87 through 03/12/99 Ticker: PCOR Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/26/99 5,299,100 59 1/2 45 3/8 47 1/8 03/01/99 903,500 47 1/4 40 3/8 41 15/16 03/02/99 693,100 44 1/2 38 41 7/8 03/03/99 191,800 42 1/2 40 3/4 41 7/8 03/04/99 271,200 41 7/8 39 39 1/2 03/05/99 177,800 44 39 3/4 42 1/8 03/08/99 430,300 52 3/8 42 1/8 49 3/4 03/09/99 373,400 56 49 1/2 54 1/4 03/10/99 874,700 69 1/2 55 67 3/8 03/11/99 551,500 67 55 55 1/8 03/12/99 325,500 63 55 1/4 58 1/2 [2-25..PCOR..@21 - 4/1] PCOR... BestPricePC.com Uses pcOrder.com Portal Solution to Launch Online Superstore biz.yahoo.com

To: MMK who wrote (11237)	3/15/1999 12:28:00 AM
From: StockHawk	Read Replies (1) \| Respond to of 56535

IPO's - the 25 day quiet period - Part II = PRODIGY COMMUNICATIONS INC- PRGY RECENT NEWS 2/10/99 The company priced at $15 for trading Thursday. 2/9/99 The company increased its price from $12-$15 to $15-$17. 1/26/99 The company set its price to $12-$15 and set its number of shares to 8,000,000. An Internet service provider that provides Internet access and related value-added services. Status/Tentative Pricing- PRICED 2/10 Lead Underwriter- BEAR STEARNS & CO INC Exchange- NASDAQ Ticker- PRGY Price- $15 Shares- 8,000,000 Shares Offered by Company- ALL Post-Offering Shares- 59,290,377 Underwriters BEAR STEARNS & CO INC BANCBOSTON ROBERTSON STEPHENS ING BARING FURMAN SELZ LLC VOLPE BROWN WHELAN & CO LLC BT ALEX BROWN INC CIBC OPPENHEIMER CORP DONALDSON LUFKIN & JENRETTE INTERNATIONAL GOLDMAN SACHS & CO MERRILL LYNCH PIERCE FENNER & SMITH INC MORGAN STANLEY DEAN WITTER & CO PRUDENTIAL SECURITIES INC SG COWEN SECURITIES CORP WARBURG DILLON READ LLC WASSERSTEIN PERELLA SECURITIES INC WIT CAPITAL CORP ALLEN & CO INC AXIOM CAPITAL MANAGEMENT INC JC BRADFORD & CO CHATSWORTH SECURITIES LLC FIRST UNION CAPITAL MARKETS CORP (WHEAT FIRST SECURITIES INC) GRUNTAL & CO INC JEFFERIES & CO INC JW GENESIS CAPITAL MARKETS LLC LADENBURG THALMANN & CO INC LEERINK SWANN & CO NEEDHAM & CO INC THE ROBINSON-HUMPHREY CO INC STANFORD GROUP CO CE UNTERBERG TOWBIN Employees, Full-time\|Part-time- 313 Revenue- $134.2 Mln (PRO FORMA FY 97) Net Income- $(132.8 Mln) PRODIGY COMMUNICATIONS CORP Prices Available: 02/11/99 through 03/12/99 Ticker: PRGY Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/16/99 14,246,300 50 5/8 40 1/8 49 02/17/99 5,996,900 47 15/16 38 11/16 40 3/4 02/18/99 5,343,100 44 15/16 37 39 9/16 02/19/99 5,924,000 38 3/4 32 32 1/2 02/22/99 7,291,300 36 28 1/4 31 1/8 02/23/99 3,121,400 33 1/2 31 32 1/4 02/24/99 8,408,500 39 1/2 32 1/2 35 5/8 02/25/99 5,373,500 39 7/16 36 38 02/26/99 2,949,300 39 7/8 37 1/4 38 7/8 03/01/99 1,385,600 39 3/16 37 37 7/8 03/03/99 971,800 37 9/16 33 3/16 35 03/04/99 706,100 36 3/4 34 5/16 35 5/16 03/05/99 879,200 37 35 35 15/16 03/08/99 3,139,400 41 5/16 36 1/2 40 9/16 03/09/99 1,744,700 40 1/2 37 3/8 38 03/10/99 1,245,700 39 1/2 37 3/8 38 7/8 03/11/99 3,386,800 42 13/16 38 15/16 40 3/4 03/12/99 4,092,400 45 7/8 42 1/2 43 NEW YORK, March 8 (Reuters) - ING Barings said Monday it initiated coverage of Prodigy Communications Corp. <PRGY.O> with a buy rating and set a 12-month price target of $43 a share. PRGY...already initiated coverage... Bear Stearns- buy- $50...http://biz.yahoo.com/rf/990308/i5.html ING Barings- buy- $43...http://biz.yahoo.com/rf/990308/pp.html Sands Bros.- neutral- biz.yahoo.com = NEON SYSTEMS INC- NESY RECENT NEWS 3/4/99 The company priced at $15 for trading on Friday. 3/2/99 The company increased its price from $12-$14 to $15 and increased its number of shares from 2,500,000 to 2,700,000. 2/10/99 The company set its price to $12-$14 and set its number of shares to 2,500,000. Develops and sells software products that help organizations access and integrate data, transactions and applications from the Internet and mainframe and client/server systems. Status/Tentative Pricing-PRICED 3/4/99 Lead Underwriter- DONALDSON LUFKIN & JENRETTE SECURITIES CORP Exchange- NASDAQ Ticker- NESY Price- $15 Shares- 2,700,00 Shares Offered by Company- 2,636,000 Shares Offered by Shareholders- 64,000 Post-Offering Shares- 8,443,251 Underwriters DONALDSON LUFKIN & JENRETTE SECURITIES CORP HAMBRECHT & QUIST LLC CIBC OPPENHEIMER CORP DLJDIRECT INC BANCBOSTON ROBERTSON STEPHENS BEAR STEARNS & CO INC BT ALEX BROWN INC LEHMAN BROTHERS INC WARBURG DILLON READ LLC SG COWEN SECURITIES CORP CHATSWORTH SECURITIES LLC GERARD KLAUER MATTISON & CO INC GRUNTAL & CO INC HARRIS WEBB & GARRISON INC HOAK BREEDLOVE WESNESKI & CO CL KING & ASSOC INC LEGG MASON WOOD WALKER INC MCDONALD & CO SECURITIES INC NEEDHAM & CO INC PENNSYLVANIA MERCHANT GROUP LTD US BANCORP PIPER JAFFRAY INC REDWINE & CO INC SANDERS MORRIS MUNDY INC SANDS BROTHERS & CO LTD SOUNDVIEW TECHNOLOGY GROUP INC SOUTHWEST SECURITIES INC CE UNTERBERG TOWBIN Employees, Full-time\|Part-time- 77 Revenue- $12.2 Mln (FY 98) Net Income- $1.1 Mln NEON SYSTEMS INC Prices Available: 03/05/99 through 03/12/99 Ticker: NESY Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 03/05/99 6,475,900 28 5/8 20 3/4 25 1/16 03/08/99 1,451,700 25 3/4 22 3/4 25 5/8 03/09/99 390,700 25 13/16 24 1/8 25 5/8 03/10/99 897,300 36 7/8 25 3/8 36 1/8 03/11/99 2,027,800 50 1/16 33 5/8 36 7/8 03/12/99 290,200 40 37 38 1/2 [3-05..NESY..@15 - 4/8] ONYX SOFTWARE CORP- ONXS RECENT NEWS 2/11/99 The company priced at $13 for trading on Friday. 2/11/99 The company increased its price from $9-$11 to $11-$13. 1/21/99 The company increased its price from $6-$7 to $9-$11 and set its number of shares to 3,100,000. Provider of Enterprise Relationship Management software solutions, which automate the key functions that enable enterprises to more effectively acquire, manage and retain customers, partners and other relationships. Status/Tentative Pricing- PRICED 2/11 Lead Underwriter- CS FIRST BOSTON CORP Exchange- NASDAQ Ticker- ONXS Price- $13 Shares- 3,100,000 Shares Offered by Company- ALL Post-Offering Shares- 16,486,482 Underwriters CS FIRST BOSTON CORP SG COWEN SECURITIES CORP US BANCORP PIPER JAFFRAY INC ADAMS COHEN SECURITIES INC BLACK & CO INC DA DAVIDSON & CO INC GRUNTAL & CO INC INVEMED ASSOC INC RAGEN MACKENZIE INC CHARLES SCHWAB & CO INC SOUNDVIEW FINANCIAL GROUP INC Employees, Full-time\|Part-time- 271 Revenue- $35.1 Mln (FY 98) Net Income- $(7.0 Mln) ONYX SOFTWARE CORP Prices Available: 02/16/99 through 03/12/99 Ticker: ONXS Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/16/99 921,700 25 1/4 19 20 1/2 02/17/99 569,300 20 1/4 18 19 1/8 02/18/99 488,000 21 1/8 19 20 1/2 02/19/99 247,400 21 3/8 20 20 3/8 02/22/99 260,100 21 1/8 20 20 1/2 02/23/99 237,800 21 1/4 19 20 7/8 02/24/99 146,400 21 1/2 19 3/4 20 1/4 02/25/99 76,100 20 7/16 19 19 02/26/99 157,900 19 1/8 18 18 9/16 03/01/99 139,500 18 3/4 17 3/4 18 03/02/99 207,500 18 1/2 16 1/2 18 1/2 03/03/99 25,700 18 3/4 17 1/4 17 3/8 03/04/99 182,000 17 7/8 17 1/16 17 3/8 03/05/99 100,300 17 7/8 17 1/4 17 1/4 03/08/99 375,100 19 1/16 17 1/4 18 7/8 03/09/99 161,800 20 15/16 18 1/2 20 1/4 03/10/99 87,000 20 3/16 19 1/2 20 03/11/99 71,700 21 1/4 17 7/8 18 03/12/99 1,401,000 28 19 5/16 27 13/16 March 12 (Reuters) - Credit Suisse First Boston analyst Michael Kwatinetz said Friday he started ONYX Software Corp. <ONXS.O> with a buy rating. = CATAPULT COMMUNICATIONS CORP- CATT RECENT NEWS 2/10/99 The company priced at $10 for trading Thursday. 1/7/99 The company was depostponed. 8/11/98 The company was postponed. Designs, develops, manufactures, markets and supports an advanced software-based test system offering an integrated suite of testing applications for the global telecommunications industry. Status/Tentative Pricing- PRICED 2/10 Lead Underwriter-HAMBRECHT & QUIST LLC Exchange- NASDAQ Ticker- CATT Price- $10 Shares- 3,352,500 Shares Offered by Company- 2,100,000 Shares Offered by Shareholders-1,252,500 Post-Offering Shares- 12,568,037 Underwriters HAMBRECHT & QUIST LLC CIBC OPPENHEIMER CORP CE UNTERBERG TOWBIN ALLEN & CO INC BEAR STEARNS & CO INC ING BARING FURMAN SELZ LLC NATIONSBANC MONTGOMERY SECURITIES LLC WARBURG DILLON READ LLC CHARLES SCHWAB & CO INC JEFFERIES & CO INC NEEDHAM & CO INC PENNSYLVANIA MERCHANT GROUP LTD US BANCORP PIPER JAFFRAY INC THE ROBINSON-HUMPHREY CO INC SOUNDVIEW TECHNOLOGY GROUP INC Employees, Full-time\|Part-time- 68 Revenue- $18.2 Mln (FY 98) Net Income- $4.5 Mln CATAPULT COMMUNICATIONS CORP Prices Available: 02/12/99 through 03/12/99 Ticker: CATT Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/16/99 383,300 12 3/4 10 7/8 11 3/8 02/17/99 93,300 11 3/8 10 1/4 10 5/16 02/18/99 513,900 10 1/2 9 15/16 10 1/8 02/19/99 50,400 10 1/2 10 10 3/16 02/22/99 74,800 10 1/2 10 1/8 10 3/8 02/23/99 190,700 10 3/8 10 10 3/16 02/24/99 52,500 10 5/16 10 1/16 10 1/16 02/25/99 72,000 10 3/16 10 1/16 10 1/16 02/26/99 32,700 10 1/8 10 10 1/16 03/01/99 113,700 10 3/16 10 10 1/16 03/02/99 73,000 10 1/4 10 10 03/03/99 70,900 10 1/16 10 10 03/04/99 27,800 10 1/4 10 10 1/16 03/05/99 18,000 10 1/4 10 1/16 10 1/4 03/08/99 361,100 11 1/16 10 1/4 11 03/09/99 145,900 11 1/16 10 3/4 10 7/8 03/10/99 120,000 11 1/4 11 11 3/16 03/11/99 226,500 11 3/8 10 3/4 11 5/16 03/12/99 339,300 14 11 1/4 13 7/16 [2-11..CATT..@10 - 3/18] CATT...already initiated March 8-9- CE Unterberg Twbn- buy ...Hambrecht & Quist- buy quote.yahoo.com = SERENA SOFTWARE INC- SRNA RECENT NEWS 2/11/99 The company priced above range at $13 for trading on Friday. 1/26/99 The company set its price to $9-$11. Provider of software change management products and services used to manage and control software change for information technology organizations. Status/Tentative Pricing- PRICED 2/11 Lead Underwriter- HAMBRECHT & QUIST LLC Exchange- NASDAQ Ticker- SRNA Price- $13 Shares- 6,000,000 Shares Offered by Company- 4,000,000 Shares Offered by Shareholders- 2,000,000 Post-Offering Shares- 24,204,250 Underwriters HAMBRECHT & QUIST LLC SG COWEN SECURITIES CORP SOUNDVIEW TECHNOLOGY GROUP INC BT ALEX BROWN INC CIBC OPPENHEIMER CORP DONALDSON LUFKIN & JENRETTE INTERNATIONAL CHARLES SCHWAB & CO INC SALOMON SMITH BARNEY INC ADAMS HARKNESS & HILL INC DAIN RAUSCHER CORP FIRST ALBANY CORP GRUNTAL & CO INC LAIDLAW GLOBAL SECURITIES INC RAYMOND JAMES & ASSOC INC SANDERS MORRIS MUNDY INC TUCKER ANTHONY & RL DAY INC CE UNTERBERG TOWBIN FIRST SECURITY VAN KASPER Employees, Full-time\|Part-time- 186 Revenue- $41.3 Mln (PRO FORMA FY 98) Net Income- $3.5 Mln SERENA SOFTWARE INC Prices Available: 02/16/99 through 03/12/99 Ticker: SRNA Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/16/99 1,782,100 15 7/8 14 3/8 15 1/8 02/17/99 1,206,900 15 1/2 14 1/4 14 3/4 02/18/99 1,205,400 14 7/8 13 7/8 13 7/8 02/19/99 429,100 14 7/16 13 7/8 14 7/16 02/22/99 411,900 15 3/4 14 3/8 15 1/2 02/23/99 300,600 15 5/8 14 5/8 15 1/4 02/24/99 336,200 15 1/2 14 1/2 15 02/25/99 582,500 14 5/8 13 7/8 14 02/26/99 338,500 14 1/4 13 13 1/8 03/01/99 255,300 13 1/4 13 13 1/4 03/02/99 175,600 13 5/8 13 1/8 13 3/8 03/03/99 188,700 13 3/4 13 1/8 13 1/4 03/04/99 161,200 13 7/16 13 1/8 13 1/4 03/05/99 169,100 13 3/4 13 3/8 13 3/8 03/08/99 259,200 14 1/2 13 3/8 14 1/2 03/09/99 479,100 15 1/2 13 7/16 13 3/4 03/10/99 178,000 14 1/4 13 7/8 13 15/16 03/11/99 287,000 14 5/16 13 1/2 13 7/8 03/12/99 109,100 14 13 1/2 13 7/8 [ 2-11..SRNA..@13 - 3/19] SRNA...coverage initiated March 9...Cowen & Co- strong buy ... Hambrecht & Quist- buy ...http://biz.yahoo.com/c/99/03/09/u.html#i

To: MMK who wrote (11237)	3/15/1999 12:29:00 AM
From: StockHawk	Read Replies (7) \| Respond to of 56535

IPO's - the 25 day quiet period - Part III = ARGOSY EDUCATION GROUP INC- ARGY RECENT NEWS 3/8/99 The company priced at $14 for trading on Tuesday. 2/11/99 The company set its price to $14-$16 and set its number of shares to 2,000,000. Provider of for-profit postgraduate education with a primary focus on doctoral level programs. Status/Tentative Pricing- PRICED 3/8/99 Lead Underwriter- SALOMON SMITH BARNEY INC Exchange- NASDAQ Ticker- ARGY Price- $14 Shares- 2,000,000 Shares Offered by Company- ALL Post-Offering Shares- 6,900,000 Underwriters SALOMON SMITH BARNEY INC ABN AMRO INC BANCBOSTON ROBERTSON STEPHENS BT ALEX BROWN INC CS FIRST BOSTON CORP HAMBRECHT & QUIST LLC NATIONSBANC MONTGOMERY SECURITIES LLC BARINGTON RESEARCH ASSOC INC EVEREN SECURITIES INC LEGG MASON WOOD WALKER INC THE ROBINSON-HUMPHREY CO INC US BANCORP PIPER JAFFRAY INC WIT CAPITAL CORP Employees, Full-time\|Part-time- 308 Revenue- $29.4 Mln (FY 98) Net Income- $1.6 Mln ARGY Prices Available: 03/10/99 through 03/12/99 Ticker: ARGY Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 03/11/99 35,100 14 13 1/2 13 5/8 03/12/99 25,500 13 1/2 13 13 1/8 [ 3-08..ARGY..@14 - 4/12] ARGY... IPOs still produce heat but half-lives shrink - Reuters Securities - 3:39 pm Argosy Education Group Inc. Cl. A Is Listed On NASDAQ Following IPO - Standard & Poor's - 2:27 pm Argosy Educationshrs fall below IPO price - Reuters Securities - 11:49 am = KORN/FERRY INTERNATIONAL- KFY The world's largest executive search firm and has the broadest global presence in the industry with 384 consultants based in 71 offices across 41 countries. Lead Underwriter- CS FIRST BOSTON CORP Exchange- NYSE Ticker- KFY Price- $14 Shares- 11,750,000 Shares Offered by Company- 9,962,332 Shares Offered by Shareholders-1,787,668 Post-Offering Shares- 35,770,547 Underwriters CS FIRST BOSTON CORP DONALDSON LUFKIN & JENRETTE SECURITIES CORP PAINEWEBBER INC ROBERT W BAIRD & CO INC WILLIAM BLAIR & CO LLC CJS SECURITIES DAIN RAUSCHER CORP GERARD KLAUER MATTISON & CO INC INVEMED ASSOC INC LEGG MASON WOOD WALKER INC MERRILL LYNCH PIERCE FENNER & SMITH INC MORGAN STANLEY DEAN WITTER & CO NATIONSBANC MONTGOMERY SECURITIES LLC CHARLES SCHWAB & CO INC CE UNTERBERG TOWBIN WARBURG DILLON READ LLC WEDBUSH MORGAN SECURITIES INC Employees, Full-time\|Part-time- 805 Revenue- $315.0 Mln (FY 98) Net Income- $5.2 Mln KORN FERRY INTERNATIONAL COM NEW Prices Available: 02/16/99 through 03/12/99 Ticker: KFY Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/16/99 377,100 12 1/4 11 3/4 11 3/4 02/17/99 266,600 11 11/16 11 1/2 11 9/16 02/18/99 135,000 11 13/16 11 1/2 11 3/4 02/19/99 166,300 12 11 3/4 11 13/16 02/22/99 138,100 11 7/8 11 9/16 11 5/8 02/23/99 305,000 11 3/4 11 1/2 11 11/16 02/24/99 311,900 11 3/4 11 5/16 11 1/2 02/25/99 175,100 11 1/2 11 1/8 11 3/8 02/26/99 40,600 11 7/16 11 3/8 11 3/8 03/01/99 22,100 11 1/2 11 3/8 11 3/8 03/02/99 48,900 11 3/4 11 3/8 11 3/4 03/03/99 85,600 11 13/16 11 1/2 11 1/2 03/04/99 106,100 11 3/4 11 3/8 11 11/16 03/05/99 134,900 12 1/16 11 11/16 12 03/08/99 80,800 12 3/8 12 1/16 12 1/16 03/09/99 132,400 12 1/4 12 12 03/10/99 142,200 12 1/16 11 1/8 11 1/8 03/11/99 717,300 12 5/8 11 7/16 12 9/16 03/12/99 506,800 12 15/16 12 7/16 12 13/16 [ - - - 3/18] KFY...coverage initiated March 8- CS First Boston- buy- $23 ...PaineWebber- buy = HEALTHEON CORP- HLTH Pioneering the use of the Internet to simplify workflows, decrease costs and improve the quality of patient care throughout the health care industry. Ticker: - HLTH Price: - $8 RECENT NEWS 2/10/99 The company increased its price from $6-$7 to $7-$8 and was priced at $8 for trading Thursday. 2/4/99 The company set its price to $6-$7 and set its number of shares to 5,000,000. 1/14/99 The company refiled for IPO. 10/21/98 The company was withdrawn. 7/31/98 The company original IPO filing. Lead Underwriter- MORGAN STANLEY DEAN WITTER & CO Exchange- NASDAQ Ticker- HLTH Price- $8 Shares- 5,000,000 Shares Offered by Company- ALL Post-Offering Shares- 68,939,542 Underwriters MORGAN STANLEY DEAN WITTER & CO GOLDMAN SACHS & CO HAMBRECHT & QUIST LLC VOLPE BROWN WHELAN & CO LLC MORGAN STANLEY & CO INTERNATIONAL LTD GOLDMAN SACHS INTERNATIONAL Employees, Full-time\|Part-time- 613 Revenue- $13.4 Mln (FY 97) Net Income- $(28.0 Mln) HEALTHEON CORP Prices Available: 02/11/99 through 03/12/99 Ticker: HLTH Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 02/16/99 788,500 29 7/16 22 5/8 24 02/17/99 524,600 27 3/4 23 3/4 26 02/18/99 694,800 29 11/16 24 1/2 29 1/4 02/19/99 325,700 29 3/4 26 7/8 26 7/8 02/22/99 233,400 28 5/8 25 1/4 28 3/8 02/23/99 166,100 29 7/8 27 3/4 28 02/24/99 268,900 29 26 1/8 26 1/2 02/25/99 230,300 29 25 27 7/8 02/26/99 99,200 29 7/16 27 27 03/01/99 142,700 27 1/2 25 1/2 26 9/16 03/02/99 80,900 26 3/4 25 1/4 25 1/2 03/03/99 83,500 25 3/4 24 5/8 25 5/8 03/04/99 242,300 27 7/8 25 3/4 27 03/05/99 330,000 29 11/16 27 29 1/4 03/08/99 531,900 31 1/2 27 5/8 29 3/4 03/09/99 315,000 31 1/2 29 11/16 30 03/10/99 2,634,300 48 5/8 30 3/4 48 1/2 03/11/99 1,997,400 47 3/4 38 7/8 42 1/8 03/12/99 510,600 41 1/2 37 7/8 40 9/16 NEW YORK, March 8 (Reuters) - Morgan Stanley Dean Witter said Monday it started Healtheon Corp. <HLTH.O> with an outperform rating. NEW YORK, March 10 (Reuters) - Goldman Sachs said Wednesday that its analyst Steve Savas had initiated coverage of Internet healthcare company Healtheon Corp. <HLTH.O> with a market outperformer rating. = INTRAWARE INC- ITRA RECENT NEWS 2/25/99 The company priced above range at $16 for trading on Friday. 1/29/99 The company set its price to $13-$15 and set its number of shares to 4,000,000. Provider of Internet-based business-to-business software services for IT professionals and business software vendors. Lead Underwriter- CS FIRST BOSTON CORP Exchange- NASDAQ Ticker- ITRA Price- $16 Shares- 4,000,000 Shares Offered by Company- ALL Post-Offering Shares- 23,529,110 Underwriters CS FIRST BOSTON CORP BANCBOSTON ROBERTSON STEPHENS HAMBRECHT & QUIST LLC INVEMED ASSOC INC NATIONSBANC CAPITAL MARKETS INC PRUDENTIAL SECURITIES INC CHARLES SCHWAB & CO INC PRUDENTIAL SECURITIES INC Employees, Full-time\|Part-time 126 Revenue- $10.4 Mln (FY 98) Net Income- $(4.0 Mln) INTRAWARE INC Prices Available: 02/26/99 through 03/12/99 Ticker: ITRA Date Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 03/01/99 1,751,400 20 1/8 16 1/2 17 5/8 03/02/99 785,300 17 7/8 16 5/8 17 1/4 03/03/99 528,900 17 5/8 16 3/8 16 3/8 03/04/99 561,200 17 16 1/16 16 1/4 03/05/99 697,100 16 7/16 16 16 1/16 03/08/99 609,000 17 1/4 16 17 03/09/99 732,900 19 16 3/4 17 3/4 03/10/99 752,900 21 3/4 18 21 1/2 03/11/99 1,724,900 31 1/8 23 5/8 25 7/8 03/12/99 905,100 29 1/4 26 1/4 28 1/8 [ 2-25..ITRA..@16 - 4/1] ITRA...WebTrends and Intraware Partner to Provide Enterprise Management and Reporting Solutions to IT Community search.news.yahoo.com = GENESIS DIRECT INC- GENI [Delete] Specialty retailer with a current portfolio of 26 Company-owned brands, offering products directly to consumers in targeted niche markets primarily through a variety of catalogs, as well as Internet websites and electronic media, including television and radio. Lead Underwriter- BEAR STEARNS & CO INC Exchange- NASDAQ Ticker- GENI Price- $15 Shares- 11,125,000 Shares Offered by Company- 9,625,000 Shares Offered by Shareholders- 1,500,000 Post-Offering Shares- 29,728,660 Underwriters BEAR STEARNS & CO INC GOLDMAN SACHS & CO SALOMON SMITH BARNEY INC INVEMED ASSOC INC MORGAN KEEGAN & CO INC BANCBOSTON ROBERTSON STEPHENS CIBC OPPENHEIMER CORP EVEREN SECURITIES INC ING BARING FURMAN SELZ LLC LEHMAN BROTHERS INC MERRILL LYNCH PIERCE FENNER & SMITH INC JP MORGAN SECURITIES INC SCHRODER & CO INC FIRST UNION CAPITAL MARKETS CORP (WHEAT FIRST SECURITIES INC) ALLEN & CO INC BLACKFORD SECURITIES CORP BREAN MURRAY & CO INC GAINES BERLAND INC HOAK BREEDLOVE WESNESKI & CO JOSEPHTHAL & CO INC LADENBURG THALMANN & CO INC NEEDHAM & CO INC RAYMOND JAMES & ASSOC INC THE ROBINSON-HUMPHREY CO INC SCOTT & STRINGFELLOW INC WIT CAPITAL CORP Employees, Full-time\|Part-time- 1,190 Revenue- $117.7 Mln (PRO FORMA 9 mos ended 12/97) Net Income- $(55.6 Mln) = ASPEC TECHNOLOGY INC- ASPCE [Delete] Provider of commercially available design implementation technology solutions for integrated circuit design. Lead Underwriter- HAMBRECHT & QUIST LLC Exchange- NASDAQ Ticker- ASPCE Price- $13 Shares- 6,000,000 Shares Offered by Company-ALL Post-Offering Shares- 28,439,557 Underwriters HAMBRECHT & QUIST LLC MERRILL LYNCH PIERCE FENNER & SMITH INC CIBC OPPENHEIMER CORP SG COWEN SECURITIES CORP DONALDSON LUFKIN & JENRETTE SECURITIES CORP ING BARING FURMAN SELZ LLC LAZARD FRERES & CO LLC NATIONSBANC MONTGOMERY SECURITIES LLC MORGAN STANLEY DEAN WITTER & CO CHARLES SCHWAB & CO INC ADAMS HARKNESS & HILL INC DAIN BOSWORTH INC FIRST ALBANY CORP MCDONALD & CO SECURITIES INC NEEDHAM & CO INC RAYMOND JAMES & ASSOC INC SOUNDVIEW FINANCIAL GROUP INC SUTRO & CO INC Employees, Full-time\|Part-time- 90 Revenue- $22.4 Mln (FY 97) Net Income- $2.2 Mln = To: MMK (11202 ) From: Triffin Saturday, Mar 13 1999 8:54PM ET Reply # of 11221 MMK..IPO's & Quiet Periods Here's a list of when some stocks first traded...add 20 days or so and watch the price charts..or check news for 'analyst' comments 2-10..PRGY..@15 2-10..HLTH..@8 2-10..VERT..@16 2-11..ONXS..@13 2-11..CATT..@10 2-11..INMG..@11 2-11..SRNA..@13 2-12..EPAY..@13 2-18..VIGN..@19 2-19..WEBT..@13 2-19..BIGT..@14 2-22..EXBD..@19 2-23..EVCI..@12 2-25..PCOR..@21 2-25..ITRA..@16 2-26..IVGN..@15 3-05..NESY..@15 3-08..ROWE..@16 3-08..ARGY..@14 3-11..INFY..@34 = To: StockHawk (11192 ) From: MMK Saturday, Mar 13 1999 4:41PM ET Reply # of 11221 IPO info... I looked at the IQC chart on these stocks and counted out 25 days. The following is the list posted earlier by StockHawk and I have added the 25th day. DD required. MMK NA= 25 day period over no chart= none found on iQC March 23 ... DIGITAL LAVA INC - DGV no chart ... DOCUCORP INC - DOCCR NA ... BOTTOMLINE TECHNOLOGIES INC -- EPAY March 29 ... EDUCATIONAL VIDEO CONFERENCING INC - EVCI March 25 ... WEBTRENDS CORP - WEBT weird chart... C2 INC - CTOO no chart ... SOFTWARE.NET CORP - SWNT NA ... VERTICALNET INC- VERT April 12 ... ROWECOM INC- ROWE April 1 ... PCORDER.COM INC- PCOR NA ... CONCUR TECHNOLOGIES INC- CNQR March 18... PRODIGY COMMUNICATIONS INC- PRGY April 8 ... NEON SYSTEMS INC- NESY March 22... MANNATECH INC- MTEX NA ... ONYX SOFTWARE CORP- ONXS no chart... UNISERVICE CORP- UNIS March 18... CATAPULT COMMUNICATIONS CORP- CATT March 19... SERENA SOFTWARE INC- SRNA April 12... GALACTICOMM TECHNOLOGIES INC- GALA April 12... ARGOSY EDUCATION GROUP INC- ARGY No chart ... GABELLI ASSET MANAGEMENT- GBL March 18... KORN/FERRY INTERNATIONAL- KFY March 18... HEALTHEON CORP- HLTH April 1 ... INTRAWARE INC- ITRA No chart... GENESIS DIRECT INC- GENI No chart... FIRSTLINK COMMUNICATIONS INC- FLCIU NA ... ASPEC TECHNOLOGY INC- ASPCE