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Technology Stocks : Telegroup Inc (TGRP)
TGRP 0.04500.0%Jan 9 9:30 AM EST

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To: Sean Salisbury who wrote (36)1/29/1999 5:29:00 PM
From: Jason Flora  Read Replies (2) of 118
 
Sean -

While I am sure that the MM's are playing games, I would point out that the volume is not low at all - in fact it is nearly 4 times the average daily volume both today and yesterday.

While they may pull it together - and I pray that they do - you also have to realize that a prepackaged bankruptcy may be a condition of any takeover. Personally I hope that whatever arrangements they make will leave the company mostly intact.

I really hope that we hear something before this weekend, but I doubt that it will come out, if it does, until very early Monday morning.

-Jason
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