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.
More Quotes from Irv DeGraw:
If they don't make it this week they will probably be pulled off the calendar altogether.Irv DeGraw
They are a closet Internet company, much like Fed Ex.
Irv DeGraw
It's more than just networking. What they are doing is building Linux appliances, which has real cost-saving (potential) for Web site operators. They are looking to attack the market early and hard. That was the Netscape strategy and the Amazon. com strategy.
Irv DeGraw
This is a highly competitive area -- it's a commodity business. The industry is very quickly getting over capacity.
Irv DeGraw
If you're a good deal you're going to get done. If you're not a good, strong, solid deal, there's no hope for you.
Irv DeGraw
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