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Non-Tech : Goldman Sachs Group Inc. NYSE:GS -- Ignore unavailable to you. Want to Upgrade?


To: esecurities(tm) who wrote (17)5/2/1999 8:09:00 PM
From: esecurities(tm)  Read Replies (2) | Respond to of 411
 
"Investors scramble to buy into Goldman offering"

NEW YORK, May 2 (Reuters) - Small investors and big money managers alike are scrambling to lay their hands on shares of Goldman Sachs Group Inc. (GS - news), the investment bank that will go public on Tuesday.

Investors have put in orders for around 600 million shares, or ten times as many as Goldman is offering, industry sources told Reuters on Friday. The firm will allocate most shares to financial institutions and its clients, leaving small investors and even some big money managers -- who usually receive the brunt of new stock offerings -- in the cold.

''If the institutional guys are upset, the retail guys are even more so,'' said one executive at a brokerage that caters to small investors. ''I have heard that institutional guys are not getting shares to the extent that they want, which makes it unlikely we we'll get anything (for our clients)..."


SOURCE: &copy 1999 Sunday May 2, 2:45 pm Eastern Time (Reuters)
biz.yahoo.com



To: esecurities(tm) who wrote (17)5/3/1999 11:33:00 AM
From: Mohan Marette  Respond to of 411
 
Goldman Sachs and Moore Capital Invest in Free PC, Times Says

Bloomberg News
May 3, 1999, 6:34 a.m. PT

New York, May 3 (Bloomberg) -- Goldman Sachs Group Inc.,
Moore Capital Management and other businesses and individuals
have invested a total of $33.5 million in Free PC Inc. the
company will announce today, the New York Times reported. Free
PC, which in February promised to give away 10,000 personal
computers, has previously disclosed it counts USA Networks Inc.
Chief Executive Barry Diller among its investors. The company
hopes to make money by selling advertisements downloaded from the
Internet that will be displayed on the PC monitors, the paper
said.

U S West Inc., which provides local phone services in 14
western U.S. states, said in March it planned to offer free email
to all its customers in a bid to keep them from moving to rival
Internet-access providers.

(NYT 5/3 C4 www.nytimes.com)