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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (2243)	5/20/1999 11:03:00 AM
From: Doughboy	Read Replies (1) \| Respond to of 3813

Evidentally, the market did not like the book-to-bill. Anyone have any insight? Doughboy.

To: Carl R. who wrote (2243)	5/20/1999 11:42:00 AM
From: brushwud	Read Replies (1) \| Respond to of 3813

> The question I can't figure out is why anyone would buy a secondary.... The same reason why anyone would buy a stock, plus a broker might be pushing it. SGI did a secondary offering of MIPS shares last week and MIPS has been trading higher than the offering price. Seems like Novellus had good timing and SGI not so good, but who's timing is always perfect? People seem to think secondary offerings are dilutive and stock repurchases are anti-dilutive, but often it's quite the reverse. In fact, the former is growth and the latter is liquidation.