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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: DAY TRADER who wrote (88)3/23/1999 8:09:00 AM
From: Kimberly Lee  Read Replies (1) | Respond to of 108040
 
Welcome to the thread, DT. Internet IPOs, one of my favorite topics.

AWEB priced last evening at $14 a share and will start trading today.
Strong underwriters, hot sector, it won't be able to pull an IVIL but should open at a high premium today. I do like ABTL (AutobyTel.com) better as it's the sector leader.

AWEB
Offering

5,000,000 shares at $10-$12, revised upward to $14 last evening

Manager
Credit Suisse First Boston

Comanagers
Hambrecht & Quist; BancBoston
Robertson Stephens; US Bancorp
Piper Jaffray

Trading outlook

Rated A+

Autoweb.com is a consumer
automotive Internet service. It has a
network of approximately 3,900
member dealers, including
approximately 1,200 preowned
vehicle locations. In the fourth
quarter of 1998, it delivered
approximately 250,000 vehicle and
related purchase inquiries to member dealers and
automotive-related vendors. The company is located in
Santa Clara, California.

A direct competitor of Autobytel.com, the company is on
the hedge funds' want list.
Competition proves the business is hot.