Wind River going up, up, up! Message Board

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Technology Stocks : Wind River going up, up, up!

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To: Allen Benn who wrote (693)	3/21/1997 12:48:00 PM
From: phbolton	of 10309

Allen: As near as I can tell PBGH has about a third of Pilgrim Baxter's stake in Wind. The PBGH stake was established before 9/1/96 and much of the rest before 12/1/96. The rest is probably in Pilgrim Baxter's hedge fund. The share numbers I have still do not add up precisely. Pilgrim Baxter seems like an interesting mix of normal sorts of mutual funds to some pretty adventurous ones to hedge funds. As with most such organizations it is impossible to figure out what they own now and nearly impossible to figure out what they used to own. Pilgrim Baxter may, or may not still be buying WIND. Pilgrim Baxter and the other institutions own 40+% or so and the insiders own 30+% or so and the float is still small. This plays to two concerns. One, a takeover is still quite feasible which could be ok for us shareholders. Two, any problems with one of the big institutional holders could tank the stock for months. Last night I was reading through some Pilgrim material while also partially watching the UCLA game. Imagine my surprise when I looked up and saw an ad for PBGH! Fidelity had some sort of ad that seemed to suggest you could buy any fund through them (the sound was off so I'm not sure).

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