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Technology Stocks : WCOM
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To: tejek who wrote (10583)6/11/2002 9:42:36 AM
From: Oeconomicus  Read Replies (2) of 11568
 
tejek, AXA is parent of Alliance Capital, a huge money manager. Alliance bought the stock for it's various funds and clients. They've taken a lot of heat for their position in WCOM, especially considering their past investment in Enron, but I doubt tripling their position since Jan 1 was a decision they entered into lightly. Their experience with Enron, if nothing else, should have caused them to scrutinize this investment EXTRA closely.

JMO,
Bob
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