239
239
Mar 24, 2010
03/10
by
CNBC
tv
eye 239
favorite 0
quote 0
the company's similar to maxlinear.t's a broadband access equipmentmaker that will allow some of your favorite regional telecommunications companies, the ones you always call about in the "lightning round," the ones with really high yields, to deliver all sorts of services, both broadband and both broadband and non-broadband over a single network. the deal, which is supposed to open for trading tomorrow, is tight as a drum, meaning there is no stock to be had at this late date. so you can't get in on the offering price. and once again, we don't want you overpaying after it opens for trading at what looks to be much higher than where the deal is going to be priced for those lucky enough to get in on it. but something that i really get a kick out of is there's another deal that's coming tomorrow. and the word on this one is it's not so tight, not in such great demand. a sentiment which will at last allow you to get in at a reasonable price, even if you're not getting stock on the deal from the underwriters. so even though
the company's similar to maxlinear.t's a broadband access equipmentmaker that will allow some of your favorite regional telecommunications companies, the ones you always call about in the "lightning round," the ones with really high yields, to deliver all sorts of services, both broadband and both broadband and non-broadband over a single network. the deal, which is supposed to open for trading tomorrow, is tight as a drum, meaning there is no stock to be had at this late date. so you...
631
631
Mar 24, 2010
03/10
by
CNBC
tv
eye 631
favorite 0
quote 0
first, on monday i told you to try to get in on maxlinear.at's a semiconductor company that's a play on delivering faster video over the web, including video to your cell phone. i said you could buy as much as you wanted of this one at $13 and to cut your position in half at $15. maxlinear ended up pricing at $14, then opened up 28% at $17.95 before closing at $18.70. hey, look, if you got stock in the deal, please ring the register on some of it. if you didn't get any maxlinear, well, this one's now too hot to chase. same goes for calix networks, the broadband access company that came public at $13 today, then opened up 31% at 17 before coming back down to close at $15.10. well, i think this one could go as high as 18. i would wait for more of a pullback before buying it in the after-market. the one i really like which i told you would be okay to buy in the after-market yesterday is first interstate bank system, which priced at $14.50 before coming public at 16. i -- opening at 16. i'm sorry. i said it was okay to buy at 16 or less. where it
first, on monday i told you to try to get in on maxlinear.at's a semiconductor company that's a play on delivering faster video over the web, including video to your cell phone. i said you could buy as much as you wanted of this one at $13 and to cut your position in half at $15. maxlinear ended up pricing at $14, then opened up 28% at $17.95 before closing at $18.70. hey, look, if you got stock in the deal, please ring the register on some of it. if you didn't get any maxlinear, well, this...
196
196
Mar 24, 2010
03/10
by
CNBC
tv
eye 196
favorite 0
quote 0
maxlinear, calix networks, both tech firms, trading higher by 25% on their debut. also first interstate bank up more than 10%. joe, you are in particular interested in the financial making an ipo and doing well. >> and this speaks to why the credit markets haven't improchd this is why the equity market is pushing toward 1200. think about it. you have a bank that actually did an ipo here, a commercial bank based out of montana and wyoming, a successful one, and this gives you confidence in the market. i think it's phenomenal. >> the first -- i'm sorry, gary, but the first interstate bank i know jim cramer made comments, he says he loves the management there. the ipo on this stock was 14 1/2, trading 15.70. jim may be spot on with this one. i don't think there's any reason to chase. he with might test back down to that 14 1/2, $15 level but i think that's one you may want to put on your radar screen. >> and a number of viewers might wonder why do we care about small deals and why do we think they have such an impact on the market? and i think i tried to point this ou
maxlinear, calix networks, both tech firms, trading higher by 25% on their debut. also first interstate bank up more than 10%. joe, you are in particular interested in the financial making an ipo and doing well. >> and this speaks to why the credit markets haven't improchd this is why the equity market is pushing toward 1200. think about it. you have a bank that actually did an ipo here, a commercial bank based out of montana and wyoming, a successful one, and this gives you confidence in...
364
364
Mar 24, 2010
03/10
by
CNBC
tv
eye 364
favorite 0
quote 1
maxline maxlinear, by the way, makes chips for broadband.asically, you can watch tv on your cell phone. that's the kind of applications they have here. but a lot of volume and a nice little price range. we'll talk more about this at the top of the hour. back to you. >> joe, ryan, what's your reaction to that? you've got these ipos, first bank since 2007. the floodgates appear to be open around the world for ipos. joe? >> well, erin, we think there is opportunities, and this continues to show that investors are coming back into the market and that kind of upward price pressure on those ipos i think is great news for the market and continues to reinforce our bullish outlook on the equity markets. >> ryan, what would make you worry about where the markets are headed? you both seem confident, not complacent, but confident. but what could blow this apart? for example, next week, the market's not open, but we're going to get the jobs number. if it's not great, does that signal the end of the rally? >> my concerns are probably what a lot of the peo
maxline maxlinear, by the way, makes chips for broadband.asically, you can watch tv on your cell phone. that's the kind of applications they have here. but a lot of volume and a nice little price range. we'll talk more about this at the top of the hour. back to you. >> joe, ryan, what's your reaction to that? you've got these ipos, first bank since 2007. the floodgates appear to be open around the world for ipos. joe? >> well, erin, we think there is opportunities, and this...
334
334
Mar 24, 2010
03/10
by
CNBC
tv
eye 334
favorite 0
quote 0
maxlinear big into broadband space. it opened at 17.95. still trading at 18.39. calix, old cisco guys. price talk was 11 there to $13 and oep oens at 17 and still trading at 15.77. first interstate over on the nasdaq, hadn't had a bank ipo in three years and they priced at 14.50, slow end of the range and that stock trading at 16.19. >>> bertha, how are we looking at the nasdaq? >> mixed day. nasdaq holding above 2400 and some strength coming from adobe and better than expected for the first quarter and the expected launch of its new product offering. that is given a nice little boost to the application software area. one of the other standouts today, starbucks. remember starbucks was having so many problems during the recession in 2008. they have cash and they're going to issue a dividend and first time ever and they also are going to buy back more stock. take a look at apple. a lot of people think apple should do something like that with its huge war chest of cash. the stock keeps moving higher. i would imagine a lot of investors not that disappointed. finally,
maxlinear big into broadband space. it opened at 17.95. still trading at 18.39. calix, old cisco guys. price talk was 11 there to $13 and oep oens at 17 and still trading at 15.77. first interstate over on the nasdaq, hadn't had a bank ipo in three years and they priced at 14.50, slow end of the range and that stock trading at 16.19. >>> bertha, how are we looking at the nasdaq? >> mixed day. nasdaq holding above 2400 and some strength coming from adobe and better than expected...