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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (81785)3/16/2001 6:33:20 PM
From: yard_man  Read Replies (2) of 436258
 
recent story on YHOO says damn the torpedoes and full speed ahead (MS up to its ears?) -- I think they are going to try and do it simultaneous to the rate cut -- I think they are desperate -- I still think there is value there, but maybe I should have waited for 5 bucks??? A small clownish play on my part ...

dailynews.yahoo.com

>>``I think they are going to go tooth-and-nail to keep that price mainly because of Morgan's immense exposure,'' said Irv DeGraw, research director at online financial site WFNusa. ``It's not a normal IPO.''

Morgan Stanley is receiving 200 million of the 500 million Agere shares offered in return for taking on some Lucent debt. According to documents filed with the SEC, Morgan Stanley has already acquired more than $2.3 billion in Lucent debt.

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