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Technology Stocks : Orckit (ORCT)
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To: Daniel Ralls who wrote (1615)11/21/1998 3:12:00 AM
From: SoMo  Read Replies (2) of 1998
 
[market makers]

Hi Daniel,

Preferred Capital is pretty new MM in Orckit as you noticed.
But Smith Barney has been a MM in Orckit for several months now (about six months if I remember well). They started to be MM following a new coverage with a Strong Buy by analyst Steven Levy. Since then Steven Levy has moved to Lehman Brothers as I wrote once on the thread...leadind Lehman to be a new MM on Orckit as well. Since then no analysts assume coverage of Orckit at Smith Barney.
Concerning Bear Stearns, they've been a MM for several months as well...but with no coverage of the stock.

So like Scrapps, I assume the Friday rise is related to DSL interest in general (Compaq Presario, MCI/Worldcom plans...)

till later,

SoMo.
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