17 Dec
2003
17 Dec
'03
11:17 p.m.
Date: Wed, 09 Aug 1995 10:17:30 -0400 From: Duncan Frissell <frissell@panix.com>
I was watching CNBC this morning while reading my mail and they had a story on the Netscape Communications IPO (ticker NSCP btw).
Apparently the opening price was doubled very shortly before the IPO (late yesterday afternoon) from $14 to $28. By lunch-time (in NYC), shares were trading at $72.
Amazing aint it - a moron girl at Goldman Sachs of course told me I was crazy and anyone who felt Netscape was going to go over the top was a moron. I guess these corporate types are going to have to get used to the idea that the "net" is here to stay and a huge industry to boot.