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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 126.70+11.2%12:40 PM EST

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To: Don Green who wrote (79512)11/1/2001 1:10:35 PM
From: GVTucker  Read Replies (1) of 93625
 
Don, RE: Some fund dumping / "Parking" it yesterday for tax selling purposes and now buying it back?

Pretty clearly it is a fund dumping the stock, but most probably not for tax selling, otherwise today's repurchase would make it a wash sale. Most probably it was old fashioned window dressing by a mutual fund who didn't want the shame of a large year end position in a dog like Rambus. Note that the year end for most mutual funds was on 31 Oct.

A quick check of the holders of Rambus at month end June '01 reveals the most likely suspect, Primecap Management Company, one of the team of managers of the Vanguard Capital Opportunity Fund. They held 2.8mm shares for the Vanguard fund as of month end June. It would be interesting to get a hold of a Vanguard Capital Opportunity annual report to see if my suspicions are right.
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