Some advice from Forbes : if you're looking for the next Cisco Systems, look for a company backed by a venture capital firm and buy when the new issue market is sluggish.
32.
It's easy to see why : Buyout investors have been big winners, thanks to rising stock prices and America's love affair with the new issues market, which seems to be cooling only recently.
33.
Although the new issues market got off to a slow start this year it has launched into a frenzy of new equity offerings during the past two months, culminating in the Netscape IPO.
34.
With the stock market continuing its phenomenal ascent and interest rates holding steady, stock and bond underwriting reached record levels last quarter, putting the new issues market on course to have its best year.
35.
"The new issue market sets the tone and the secondary ( market ) follows in lock step, " said Paul Clifford, who manages about $ 400 million in munis for State Street Research in Boston.
36.
Fewer issuers are scheduled to test the new issue market this week amid concern the Fed could raise borrowing rates to keep the economy from expanding at a pace that will spur an acceleration of inflation.
37.
Bonds rated " B " or lower by both S & P and Moody's make up 65 percent of the new issue market, compared to 57 percent a year ago, according to Credit Suisse First Boston.
38.
London's new issues market was fueled in part by the anticipated sale of state assets that included Railtrack Group Plc, said John Hatherly, head of Research at M & G Group Plc, an investment management company.
39.
"If you're looking for big block size, the only place to find it is in the new issue market, " said Geoffrey Schechter, who manages about $ 1 billion in bonds for Massachusetts Financial Services in Boston.
40.
Bonds rated " B " or lower by both S & AMP; P and Moody's make up 65 percent of the new issue market, compared to 57 percent a year ago, according to Credit Suisse First Boston.
