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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 153.96+0.7%Nov 19 3:59 PM EST
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To: Frodo Baxter who wrote (5187)1/8/1999 10:27:00 AM
From: Robert Douglas  Read Replies (2) of 9256
 
Lawrence,

While pumping up earnings right before an offering is a time-honored tradition, the scene you painted is highly questionable in its legality and would likely provoke SEC investigation if discovered. What you describe borders on stock manipulation and when you throw in the pending offering might actually constitute fraud. Both sides of the deal would be putting their entire careers at stake and for what? HTCH would get a few extra bucks for their offering and big blue, or whoever, would get preferential treatment for the near term. The personal risk versus the potential reward does not make it seem like a rational decision. Of course, as economists need do, we must assume a rational being. <g>

-Robert
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