the text. The     articles are chosen for relevance, clarity of presentation, and consistency with good sense.       FLOTATION THERAPY       Nothing gets online traders clicking their "buy" icons so fast as a hot IPO. Recently, demand from small investors using the Internet has led to huge price increases in shares of newly floated companies after their initial pub- lic offerings. How frustrating, then, that these online traders can rarely buy IPO shares when they are handed out. They have to wait until they are traded in the mar- ket, usually at well above the offer price. Now, help may be at hand from a new breed of Inter- net-based investment banks, such as E*Offering, Wit Capital and W. R. Hambrecht, which has just completed its first online IPO. Wit, a 16-month-old veteran, was formed by Andrew Klein, who in 1995 completed the Excel Applications   New to the Fifth Edition are boxes featuring Excel Spreadsheet Applications. A sample spreadsheet is presented in the text with an Burnham, an analyst with CSFB, an investment bank, Wall Street only lets them in on a deal when it is "hard to move." The new Internet investment banks aim to change this by becoming part of the syndicates that manage share-offerings. This means persuading company bosses to let them help take their firms public. They have been hiring mainstream investment bankers to establish cred- ibility, in the hope, ultimately, of winning a leading role in a syndicate. This would win them real influence over who gets shares. (So far, Wit has been a co-manager in only four deals.) Established Wall Street houses will do all they can to     interactive version and related questions available on the book website at www.mhhe.com/bkm.         E X C E L A P P L I C A T I O N S