PFX Message Board - Msg: 7971229

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Non-Tech : PFX

PFX 44.83

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To: Judy Muldawer who wrote (15)	2/22/1999 7:09:00 PM
From: Burlitis	Read Replies (1) of 94

Get's rather lonely here, here's some info from The Arizona Republic Sunday edition on PFX. There's 2 articles, here's a couple snippets from,<<<Pilgrim America reaches milestone>>> CEO Robert Stallings says firm has reached "critical mass" that allows it to operate efficiently and profitably, yet he hopes to make another fund-company purchase this year. He wants to woo either a company that caters to institutional investors or one with expertise in muni bonds which Pilgrim America lacks. The other Article, <<< Mergers:Love and Marriage among Mutual Funds>>> Robert Stallings "Were a company with a distinguished record in value investing and fixed income, but with no real growth-stock or international capability" (Reason for buying Nicholas Applegate)also bought Applegate for the 401K business that Pilgrim lacked. Alex

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