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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (50743)	3/8/1999 6:20:00 PM
From: yard_man	Read Replies (2) of 132070

Did you see the slate report on that one? It appears that they did warn -- but mostly their best buddies first. Heh heh heh ... >>From Subject Received Slate Magazine SLATE MORNING DELIVERY: Sun., Mar. 07, 1999 Sun 3/7/99 11:36 AM 7. "Last week, Compaq's chief financial officer told a select group of institutional investors that demand for its PCs had slowed substantially. The stock, not surprisingly, was crushed the next day, although I think it's safe to assume the institutional investors got out first. Incredibly, a Compaq spokesman defended what the CFO did by saying that the disclosure didn't constitute 'material information.' Oh, sure. All those investors went running for the door yelling 'Sell!' because the news was 'immaterial information.' " <<

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