PENNIES TO DOLLARS

[Go_Stocks]

PP, GRRF IPO, the underwriters are so-so, they're not as good as ML or Goldman in supporting the stock, but the float is very small, should have a good run.

I think it'll open at $20s.

GRRF info filed to SEC:

http://www.sec.gov/Archives/edgar/data/1347510/000119380506000698/0001193805-06-000698.txt

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Dow Jones Newswires

China GrenTech Corp.'s 6.25 million-American Depositary Share initial public
offering priced at $18 per ADS.

Bear Stearns, Piper Jaffray and WR Hambrecht were listed as the offer's
underwriters.

The offer has a gross spread of $1.26, a selling concession of 76 cents and a
management fee of 25 cents.

The underwriting fee is 25 cents and the offer settles Tuesday.

China GrenTech is a wireless product and service provider based in China.

The company said it expects to list its stock on the Nasdaq National Market
under the symbol GRRF.

-Thomas Derpinghaus; 201-938-5400; [e-mail]


(END) Dow Jones Newswires