Irv DeGraw
Irv DeGraw
closet fed internet
They are a closet Internet company, much like Fed Ex.
relatively sector small
They are in the right sector and it's a relatively small deal, so it should do okay.
age-and-aging knocked
This is a carryover that's already been knocked down and it didn't get any better with age.
attention company deal difficulty highly management pay risky superstar
They were having some difficulty getting this deal done because the company is very highly leveraged. It's a very risky deal, and if it weren't for the superstar management team, no one would pay attention to it.
burning cash classic company deal explode internet million programmed shares
This is a classic Internet company and they will be burning cash like there's no tomorrow. But the deal is programmed to explode on its first day with 3.5 million shares priced between $12 and $14.
behaving knew roof
It's behaving pretty much as we expected. We knew this one was going to go through the roof and it did.
appliances behind businesses companies ephemeral magic meat moving seeing smoke words
They've got all the magic words between appliances and Linux, but there is also some meat behind this. It's not just smoke and mirrors; it's a real business. We're seeing more and more of these companies moving away from ephemeral dot.com businesses and getting into real businesses.
expecting gain modest
I'm expecting a modest first day ... gain of 5 to 15 percent.
attractive cash growth market momentum phenomenal skeptical time
They have a phenomenal growth rate, attractive outlook, and an extraordinary cash burn. They are a momentum play at a time when the market is very skeptical about momentum plays.
calendar pulled week
If they don't make it this week they will probably be pulled off the calendar altogether.
outside proven reasonably successful
This is a reasonably priced deal, but they have not proven they can be successful outside New York.
buying company held investors percent remaining severe
Investors are only buying 16 percent of the company and the remaining will be held by Eaton. That's a pretty severe problem.
boost looked number shares sold technology
This was really no surprise. They have breakthrough technology and even with the boost in the number of shares sold this looked good.
break deals last market next past run sector seen strength week
We haven't seen as many of those break through deals the past two weeks, and next week is going to be more of the same. But there's a lot more strength in the biotech market than the last two week's run on the sector would indicate.