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Technology Stocks : C-Cube
CUBE 35.36-1.0%Dec 23 3:59 PM EST
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To: Patsy Collins who wrote (892)6/12/1996 3:30:00 PM
From: Paul Chiu   of 50808
 
Patsy,

I checked my sources, 600K sounds correct. Since SLMCX held 0 at the end of April. They bought CUBE during May. FYI, CUBE traded at an average price in May of 49.24, a range of 44 to 56.5.

If Seligman had bought all in the open market (non private placement), they are definitely underwater on CUBE.

I am not surprise that they are buying CUBE, Wick has always been a bargain hunter during his 6+ years at Seligman. He might know a lot more than us.

Paul
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