Hi NightOwl; Re: Pequot and the White Whale. LOL!!!
After RMBS is delisted, I'm going to follow you over to the RMTR thread just so I can read your erudite prose.
-- Carl
P.S. It's not obvious that Pequot lost money on Rambus. They were holders from before the 2000 run up.
As of June 30, Yahoo still shows Pequot Captial Management as holding 5 million shares of RMBS:
Top Institutional Holders of RMBS Shares Value
Pequot Capital Management, Inc. 5,110,020 $54,881,615
biz.yahoo.com
I figure the above will eventually be updated. As to when they bought, I believe it predates the run up:
January 9, 2001
...
Pequot, which manages nine funds that trade in publicly owned stocks and two others that invest in private companies, owned such shares as Brocade Communications Systems Inc., Juniper Networks Inc., and Rambus Inc., at the end of the third quarter, according to Securities and Exchange Commission filings. These stocks all rocketed more than 100 percent last year.
...
investor.cnet.com |
