Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : NorthPoint Communications Holdings, Inc. (NPNT) -- Ignore unavailable to you. Want to Upgrade?

To: Dushyant Narayen who wrote (10)	5/1/1999 9:32:00 PM
From: Jatin Kadakia	Respond to of 786

Boy, did you have the same problem trying to reach their IPO desk as I had to make an offer? Spent nearly two hours on the phone waiting for someone to answer. Then she took another 30 minutes to go through questions and explanations. I will be really pi**ed if I did not get any shares after all that trouble. Also, is Schwab serious about their 30 day hold recommendation? Thanks, Jatin

To: Dushyant Narayen who wrote (10)	5/1/1999 11:02:00 PM
From: Gary Metzer	Read Replies (1) \| Respond to of 786

Dushy, Apparantly Schwab's "A-list" consists of those people having large accounts with Schwab (several hundred K +up), have been with Schwab for many years (didn't just open an account to get IPOs), and does substantial trading with them (good revenue generator so keep them happy). Schwab allocates shares when H&Q, CS First Boston or JP Morgan are the LEAD underwriter. On Northpoint, CS First Boston (I think) is an underwriter but is NOT the lead. Therefore, Schwab will be LUCKY to get any shares at all. On high-demand IPOs, the MOST shares even the "A-list" people will get is 100. Schwab would like for EVERYONE who requests shares that is qualified to get at least 100, but most often this cannot be the case. Unless you meet all the conditions mentioned above, plan on "being pissed" on IPO day as there are only so many shares to go around. Of course, you can always buy after market. Good luck Gary