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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (54460)4/16/2000 5:20:00 PM
From: StockDung  Read Replies (3) of 122087
 
Bear Stearns cuts Street.com holdings

By Amanda Tyler, CBS MarketWatch
Last Update: 4:07 PM ET Apr 11, 2000 NewsWatch
Latest headlines

WASHINGTON (CBS.MW) -- Bear Stearns Asset Management nearly liquidated its stake in TheStreet.com, reducing its ownership from nearly 1.6 million shares to only 53 shares, according to filings released by the Securities and Exchange Commission on Tuesday.

New York-based investment adviser Bear Stearns owned a 6.3 percent stake in the online financial news provider during the first part of February, according to a Schedule 13G filing released Feb. 15.

Schedule 13G filings only contain ownership information; details regarding recent stock sales or purchases aren?t included.

Representatives at TheStreet.com (TSCM: news, chart) declined to comment on the Bear Stearns filing. TheStreet.com, based in New York, competes with CBS.MarketWatch.com, the publisher of this report.

Shares of TheStreet.com closed down « at 7 3/16.


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