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Technology Stocks : Critical Path (CPTH) -- Ignore unavailable to you. Want to Upgrade?

To: Sgt. Stockpile who wrote (48)	3/29/1999 1:55:00 PM
From: SteveG	Read Replies (1) \| Respond to of 185

CNBC FINALLY reporting on CPTH fwiw, Robbie was lead - H&Q was second on right. Never any obligation by syndicate (managing and lead underwriters) to give anticipated selling group any stock. They OCCASIONALLY just pay them the concession fees and then place the stock with their OWN customers. My guess is we'll see more and more of this. The advantage of dealing with established waterhouses is the quality of their calendar and institutional aftermarket. Why give these discounts any further advantage? When will the discounts be able to put together a real syndicate, or even just scrub a deal?