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Steve Tuen  Quotes
We are slowly awakening but are still a long way from recovering from last year’s fall off. The Nasdaq has been up and that’s a plus. But don’t expect too much out of these offerings.

—Steve Tuen

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Handspring is popular, but there are execution risks.

—Steve Tuen

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Execution
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The type of companies are not as exciting as we’ve seen in the past, mostly because the deals coming out are not in hot markets.

—Steve Tuen

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Investors were looking for direction and Yahoo was the catalyst to make them more optimistic.

—Steve Tuen

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Direction
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There is always going to be demand for electricity and the only problem [for Orion] is attracting consumers. This is not a high-risk type of venture like a software company.

—Steve Tuen

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Electricity
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The market is going to be terrible. The last couple days ? with all the earnings warnings coming ? investor sentiment has been shot combined with the summer season.

—Steve Tuen

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California’s problems bring these deals even more to the forefront. There are headlines of the rising price of heating your house. This will help ATP in the sense that they are leveraged on natural gas.

—Steve Tuen

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Any ray of sunshine that investors can find is a big plus for the IPO market.

—Steve Tuen

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Energy companies have been the best performers in terms of new issues this year. This reflects a shift in investor sentiment, in what investors are looking for.

—Steve Tuen

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Energy
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A lot of wireless carriers have been doing well but they have fallen a bit from their highs. Wireless couldn’t escape the tech wreck.

—Steve Tuen

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The sector is doing well. But they’re highly leveraged. There will be a decent premium, around 10-to-15 percent, but not a blockbuster.

—Steve Tuen

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It’s a good start in the sense that they’re more subdued type of offerings, so less pure speculation is involved.

—Steve Tuen

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With the technology swoon of the last couple of days, this is actually a pretty good showing. Even though they had to reduce the actual pricing, I think this gives investors some leeway in terms...

—Steve Tuen

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All stars are in alignment for Peabody.

—Steve Tuen

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They’re both in same industry but in different line of work. ATP is affected more directly by oil and gas prices.

—Steve Tuen

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For the most part this really attracted income-oriented investors. Shamrock’s business is relatively stable but there are some risks involved. The company depends on Ultramar and increased delivery of oil.

—Steve Tuen

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Business
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Investment bankers were being a bit too optimistic in terms of deal flow. The market has stabilized but I don’t think there is a lot of enthusiasm yet. We are not yet in a strong,...

—Steve Tuen

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The mindset has shifted from one of wild optimism to that of conservatism. The party is over and people are starting to sober up.

—Steve Tuen

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The IPO market is still relatively weak. Next week there are no deals expected to price.

—Steve Tuen

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