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Re: janice shell post# 980

Saturday, 03/11/2006 12:55:45 PM

Saturday, March 11, 2006 12:55:45 PM

Post# of 56764
Wow what a bunch of garbage this site has....unreal. Of course most of this following line is total garbage.

http://www.otc-advisors.com/

"Examples like Wal-Mart, Microsoft, IBM and Nike were all penny stocks at one point."

Microsoft IPO'd in 1986 at $21 and closed the day at $28. They'd been in biz for 10+ years, had 900+ employees and over $140 million in revenues.

Nike began as Blue Ribbon Sports in 1963/4, by the time they had an IPO in 1980 as NIKE they were doing over $269 million in sales and had over 2700 employees. Went public Dec 2/80 at $22.

IBM sheesh, began in 1888, incorporated in 1911, no idea about the ipo but in 1914 when still trading as the Computing-Tabulating-Recording Company the stock was about $3

Walmart did start over the counter in the pennies and even with a purportedly "shady" underwriter.