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Non-Tech : Conseco Insurance (CNO)
CNO 42.58+1.3%1:12 PM EST

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To: M.A. Miller who wrote (387)11/8/1997 10:55:00 AM
From: Ken Sammut  Read Replies (1) of 4155
 
Copied from AOL WX thread:

Subject: Monday's the day
Date: Fri, Nov 7, 1997 21:38 EST
From: IceKing13
Message-id: <19971108023801.VAA14383@ladder01.news.aol.com>

My broker heard a rumor that Monday will be a big day for WX. Ernie Drew is expected to resign and Siemens will buy the power generation busines unit. The energy systems group will either go with CBS or be sold to Framatome. There will be no split. Although the official announcement will be Monday, I wouldn't be suprised if it leaked out in the press over the weekend. Anybody else heard anything similar?

p.s. Earnings, which are expected to be very poor, will probably be announced the same day. WX has a history of trying to hide bad news by simult
aneously announcing other news that overshadows the earnings.>

Thoughts anyone?

Ken S.
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