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Technology Stocks : E*TRADE IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?


To: Tae Spam Kim who wrote (2747)5/15/1999 8:07:00 AM
From: Topannuity  Read Replies (1) | Respond to of 15145
 
This is how DLJ Direct allocates shares...Will Etrade follow suit?

Message 9543109

In the next step of the process, the DLJdirect Syndicate Department will
allocate the number of shares it was allotted in the offering to clients who have
reconfirmed their Indications of Interest. DLJdirect will try to satisfy our clients'
interest in offerings in which we participate, but often we are unable to obtain
enough shares from the lead manager to meet demand. In cases where
demand exceeds supply, we will allocate the available shares taking into
account a number of criteria. Such criteria will include, but not be limited to,
the following: client assets held at DLJdirect, activity, tenure as a DLJdirect
client, and post-offering activity in previous new issues. It is not the policy of
DLJdirect to allocate stock on a first-come, first-served basis, and the time
your Indication of Interest is received will not influence the allocation decision.