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Technology Stocks : XO Holdings, Inc. (XOHO - XO Communications)
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To: tech101 who wrote (410)6/13/2008 1:16:35 AM
From: tech101   of 615
 
The Icahn Lift:

“If you have money in the stock market, chances are Carl Icahn has helped improve your bottom line through what's called the "Icahn lift." That's the upward bounce that typically happens when he starts buying up a stock. He is such a surefire moneymaker that investment managers, like the ones who run your mutual fund or 401k, often follow his lead.” (http://www.cbsnews.com/stories/2008/03/06/60minutes/main3915473.shtml Interview with Carl Icahn by Lesley Stahl, CBS 60 Minutes)

– Unless you are one of the minority shareholders of XO Holdings (XOHO.OB is priced at 75 cents today - a 85% drop from a year ago).
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