Have a look at Arrowpoint Communications (ARPT)!
Lead Underwriter: Goldman Sachs.
I expect that this
IPO could pour some fuel again into the almost
extinguished FFIV fire...
Chart is still looking ugly in a 4 months review - new
lower highs followed by lower lows. we need to get out
of that scheme. ARPT could be the rescuer.
Although Briefing.com is very accurate in it�s research
they didn�t mention FFIV as one of ARPT�s competitors.
But FFIV are!
IPO Preview : Another twenty or
so deals scheduled to hit the market next week, more
than a quarter of them suspect in quality. Seems that
any company with a concept and a venture capitalist
is able to make its way to the equity markets these
days. Sure, they may not be able to brag that Merrill
or Goldman were their underwriters, but when you're
running low on cash and have no revenues to speak of, the
only thing that matters is the money. Next week we'll
see IPOs underwritten by the likes of Charles Webb &
Co, Trident Securities and Paulson Investment, with
several of the offerings heading straight to the bulletin
boards. Not all of the deals are junk-rated, though. The
IPO of Internet backbone company, ArrowPoint
Communications (ARPT), likely to set off the most fireworks next
week. The Acton, Mass-based company plans to offer 5
million shares between $15 and $17, in a deal led by
Goldman Sachs. ArrowPoint designs Web switches that
enable Web hosting and application service providers to
deploy a Web network architecture to optimize e-commerce
transactions and deliver Web content. Over 100 companies have
deployed ArrowPoint's switches, including EMC, Exodus
Communications, Global Crossing and NaviSite; competitors include
Alteon WebSystems (ATON), Foundry Networks (FDRY) and,
of course, Cisco; company logged revenue of $12.4
mln in 1999, vs $0.2 mln the year before; ArrowPoint
expected to price toward the latter part of the week...
I stand corrected. It appears that it is not
necessarily a statement attributed to Hussey in the Seattle
article about FFIV now being number 1 surpassing Cisco. I
inferred that because the author of the article seemed to
be getting his information from Hussey because he
apparently was at some sort of speech Hussey was giving and
drew his information from that speech.
that my AOL example was different because it is about
"objective reports about measurable progress." Becoming
number one, whether it is in sales, revenue or customer
base is absolutely an "objective report about a
measurable progress". Sales, revenue and customer base
(clients) are about the most objective report of measurable
progress that I can think of. These criterion are actual
issues of substance that you refer to when using the
If you consider issuing a statement
that your company has become the market leader in it's
products as meaningless news just to pump their stock
price, then we can agree to disagree.
are not just for investors. They can also be used,
though not necessarily intentionally, as advertisements
to perspective customers. If I come out and say that
my company is now the best of it's class because my
products have become the most accepted products in the
marketplace, it can peak the interest of someone who may be in
need of my products but, because I have a relatively
unknown name, does not know of my existance.
I did read the article. There is absolutely
nothing in that article to indicate it was a direct quote
from Hussey. In fact, it appears obvious to me that it
was the journalist's commentary.
understand what you would like to see. I too would like to
the world to know about FFIV passing CSCO. I just
disagree with you on whether or not it should be the
company that brings that news out.
Your example of
AOL announcing another one million customers is
different. That is the kind of news release a company should
make: objective reports about measurable progress.
Think of it like you would the presidential election.
What is more useful, Gore and Bush standing around
insisting that they are each the best, or Gore and Bush
talking about where they stand on actual issues (i.e.
I am not totally defending FFIV's PR moves, they
have made some blunders. But there is nothing I hate
more than a company that tosses out completely
meaningless news releases five times a week just to pump
their stock price.
Headline: FFIV BUYS OFFICE
SUPPLIES AT A 10% DISCOUNT AND SAVES $247.38!!!
Apparently, the news in the article that FFIV was
now number one was either a synopsis, or a direct
quote from Hussey.
"Guess what world we just
passed Cisco", isn't the release I would expect. Rather,
"We have just reached the number one position in our
field and have surpassed our competitors".
said, I'm not bashing the comapny. But if this news
does not qualify for merit to be released in a press
release, no news qualifies.
By the way, did you read
the article that you speak of? By your post it would
appear that you haven't. It implies that FFIV does know
about it. Go read it.
As for it being trash
talking, a company stating the progress that it has made
is not trash talking, just ask Microsoft, or Cisco,
or AOL for that matter everytime they release news
that they have signed up another 1 million subscribers
I can't believe how many people are whining about
FFIV's PR not putting out a release on this so-called
"news" in the Seattle paper.
Give me a break! It
was just a couple of sentences in an article in some
local newspaper. FFIV probably doesn't even know about
it. Do you think a company is going to respond to or
reiterate every damn thing that every little newspaper or
magazine across the country writes about them? Geez, maybe
they should put out a press release that someone on
the Yahoo message board said FFIV will be a 10 bagger
by the end of the year.
Not to mention, on
this particular bit of "news" I think it would be a
really big mistake to come out with a national press
release saying "Guess what world, we just passed Cisco!"
That's nothing but trash talking. A company PR
department should stick to business matters: reporting on
new deals, partnerships, customers, earnings
guys better than daytraders have a tendency to
hold a little longer and also create the 50% upside on
their large buys...us small investors need the big boys
to drive up the price with their large buys...your
that is one example, or some big boys want to buy
shares cheap and ask the company for cooperation to be
quiet. Now is the quiet period for the company any way.
Insiders cannot sell during the period. At earnings
release, expect bunch of news hits the fan and the stock
price jumps 50% in a week, that is if there is no
earnings expectation run up. If we shoot to 120 before
earnings, then expect a 10% pull back and then shooting for
all time high...............