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Technology Stocks : Formerly MNPI, now CPQ
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To: LEE SWIFT who wrote (621)4/10/1997 3:40:00 PM
From: Henry Wolfond   of 650
 
CIBC Wood Gundy in Toronto. Apparently there is only one market maker in the stock and he picks up the 1/8 between the bid and ask. (I'd say he'll be drinking some champaign tonight after pocketing about a million and ahalf today.) For a time the market was bidding 16, asking 16 1/8, that's where I got hit. If I did not hit at 16, I probably would have taken 15 7/8. It's 1/8 less per share but as per my previous post, who knows what can happen. I'd rather cash in here and put my dough to work elsewhere than wait for this deal to close.
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