Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=24126 The Internet Financial Connection, December 2, 1998 Presented by Mark Johnson, Editor of the IFC techstocks.com It appears exclusively on Silicon Investor techstocks.com -------------------------------------------------------------- To Subscribe to this Newsletter: Send an email to <mailto:ifc-request@mLists.net> with "subscribe" in the message body. Please tell a friend about this newsletter :) ------------------------------------------------------------- This newsletter can be viewed at techstocks.com In This Issue: 1. Internet IPO's: What Investors Need to Know 2. Concord Communications 3. Nokia 4. Allied Capital 5. Interesting Articles On The Internet by Joe Dancy 6. Semiconductor, Semi-Equipment Sectors Set for Recovery 7. Highlights on SI: Space, The Final Frontier by David Z 8. Highlights on SI: by Tom Taulli 9. Disclaimer ---------------------------------------------------------- 1. techstocks.com Steve Harmon, of the Internet Stock Report isdex.com provides the following interview. Below is the write up. One area where there has been a supply/demand problem is in the Internet IPO area. When the theglobe.com went public a few weeks ago, primarily institutional investors and a very small number individual investors were able to buy the stock before it actually traded on a stock exchange. The underwriters transfer the stock mainly to institutional investors and "special" high status clients with high a net worth. "It is like having 2 seats in a movie theater and having 100,000 people waiting outside to get in," says Steve Harmon of the Internet Stock Report, "Something is not right here." A very small number of individual investors will actually get in on the underwriting. You will read in press releases that theglobe.com actually went public at $9 a share and then soared to $97. In a sense, that is true. What individual investors are not understanding is that when theglobe.com opened for trading, it started trading at $87 per share. It then shot up to $97 per share and ended the day trading in the low $60's. Less than a week after going public, theglobe.com's shares hit a low of $32 per share. Steve urges that investors use extreme caution before purchasing a fresh Internet company that has just come to the market and most of all, do some homework before investing. Steve notes that the demand for Internet IPO's are enormous and not enough IPO's are coming to market to meet demand. "It's like dropping a small sponge into an ocean, once it hits, it is quickly absorbed." To add to the scarcity of the Internet IPO's, from mid September through October, there was not one high profile Internet IPO. Steve adds that well known Internet stocks such as Yahoo! and Amazon could have been purchased below their opening day prices, if investors would have waited. One of the first questions Steve believes that investors should ask themselves is, "how much am I willing to lose?" before purchasing an Internet IPO. He thinks, it ...https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=2412638013210