From: Robert Jacobson <cyberoid@stein3.u.washington.edu>
Subject: INDUSTRY: Iwerks goes public
Organization: WORLDESIGN, Seattle


While some may dispute Iwerks' claim that it is a "virtual reality"
company, the stock market reacted differently, bouncing Iwerks
initial public offering price of $33 per share to a quick $45 in 
one day.

It's quite typical of new IPOs to perform smashingly, but given
the emphasis on "VR," this presages a phenomenon not unlike the
biotech industry.  Hope we avoid the pitfalls suffered by the biotech's.

Bob Jacobson