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 : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: ronald rollins who wrote (22044)	5/25/1999 10:32:00 AM
From: Jack R. Burn	Read Replies (1) \| Respond to of 29386

On my Schwab account it shows trading halted for this security BRCD

To: ronald rollins who wrote (22044)	5/25/1999 10:44:00 AM
From: Kerry Lee	Read Replies (2) \| Respond to of 29386

Most IPO's open late in the morning because it takes hours to try to balance the orders to come up with supposedly fair price . For instance, on the WEBT IPO, on the eve of the IPO, WEBT priced at 13 versus the original 9-11 range. Orders from their roadshow exceeded 15 million shares versus IPO share offering of 3 million. Result was WEBT opened at 35-38 at 1 PM eastern time. Dain was lead underwriter for WEBT. Morgan Stanley is lead underwriter for BRCD and they also did IPO for Broadcom ( BRCM ). BRCD has been re-priced upwards TWICE. Word on the Street is BRCD is VERY oversubscribed and this is consistent with the pricing of the IPO. I would not be surprised to see BRCD open between Noon - 1 PM ( Eastern time )and trade anywhere between 40 - 70 on Day 1 ( today ). Should be interesting.