Veeco Instruments-Who? Message Board

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Technology Stocks : Veeco Instruments-Who?

VECO 32.50

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2:39 PM EST

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To: Zeev Hed who wrote (1545)	10/8/1998 9:27:00 AM
From: Sam	of 3069

Zeev, I'm sure that there will be other bankruptcies among hedge funds, but I doubt if any of them had the same access to credit that LTCM did. Which means that even though there will be fear, it shouldn't have the same ripple effect. How many people have the kind of cowboy prestige that Merryweather and Scholes and Gang did? Almost none. That, I suspect, is why AIG and Goldman got Buffet in their attempt to take over LTCM; he was their equivalent of "2 Nobel Prize winners" (nevermind that they didn't win the Nobel for trading, it still dazzles and opens doors). They didn't need his money, they needed his image.

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