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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who wrote (1125)	4/18/2001 11:51:46 PM
From: Softechie	Read Replies (1) of 2155

DJ CORRECT: Forstmann Bought XO Stk March 20, Not Last Week 18 Apr 19:07 Theodore Forstmann, senior founding partner of Forstmann Little, doubled his stake in XO Communications on March 20 when he bought 200,000 shares at $8.85 each, or a total of $1.77 million, according to filings with the Securities and Exchange Commission. (A report published at 1:27 p.m. EDT incorrectly said Theodore Forstmann bought 200,000 shares last week at $8.85 - which would have been a significant premium at that time - according a newspaper report. Forstmann reported the March 20 purchase to the SEC last week. The purchase was made at market prices; on March 20, XO's stock traded between $7.88 and $9.94 a share.) (END) DOW JONES NEWS 04-18-01 07:07 PM

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