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Technology Stocks : Thermo Electron (TMO)
TMO 572.41+1.1%Nov 7 9:30 AM EST
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To: Thomas C. White who wrote (9)12/27/1996 3:39:00 PM
From: RavBruce   of 450
 
I finially heard a reason about why TMO was down last week(before its recent runup). Evidently the UK's equivalent of the SEC decided that the limit a mutual fund may have of one company includes the value of its shares of other companies(even if the shares of the parent do not sell at value). The main stock this effected was TMO because all of its shares in all of the spinoffs were added according to their market value(ie. the discount was ignored) and many funds had to sell TMO accordingly.
Bruce B. Seltzer
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