More - Jeffrey Hirschkorn Quotes

You are going to see the IPO market underwriters really become selective in what they let out. The turbulence really could cripple the IPO market in the short-term.

Jeffrey Hirschkorn

 

They increased this size of the offering. So there's a lot of demand for the issue, which could translate into a huge pop.

Jeffrey Hirschkorn

 

If you price it that high above range, there is hot demand. That means there was some good institutional backing to buy blocks of that stock.

Jeffrey Hirschkorn

 

It represents a solid deal in an industry that's rapidly emerging. More importantly, it sets the pace for other good deals that are going to come out.

Jeffrey Hirschkorn

 

There's just so much hype surrounding it. They're offering 23 million shares, but when it's finished, there are going to be 570 million outstanding. The people I speak to say that Palm could open as high as 300.

Jeffrey Hirschkorn

 

This is a large float of 23.5 million shares, and that's a lot to digest. Typically when you have large floats, the returns are muted. We were expecting a return in the range of 50 and 60 percent.

Jeffrey Hirschkorn

 

You had a lot of foreign deals come to the United States because the valuations on the Nasdaq are pretty good right now.

Jeffrey Hirschkorn

 

It won't have a big first day run because it's a large deal. But it is a good company with good fundamentals.

Jeffrey Hirschkorn

 Company

What is going to help this deal is the market for PCS (personal communications system) shares is doing very well right now.

Jeffrey Hirschkorn

 

People are reluctant now to buy stocks with heavy losses. If you have heavy losses, the eagle eyes are out.

Jeffrey Hirschkorn

 Eyes