Next week's market is going to be big for tech companies. As long as the Nasdaq powers ahead, we're going to see more and more filings.
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.
They make money. The market's going to respond heavily to this.
You had a lot of foreign deals come to the United States because the valuations on the Nasdaq are pretty good right now.
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.
It won't have a big first day run because it's a large deal. But it is a good company with good fundamentals.
What is going to help this deal is the market for PCS (personal communications system) shares is doing very well right now.
A flight to quality remains the front mission of the Street's investment banking community.
The GT Group is going strong in Canada, where the broadband market is hot right now. GT is definitely up there.
Restaurant deals always do really well because the come out at different times of the year. There are very few, they are unique. I have high hopes for this one.
People are reluctant now to buy stocks with heavy losses. If you have heavy losses, the eagle eyes are out.
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