Z Best Place to Talk Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Z Best Place to Talk Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Susan Saline who wrote (19526)	3/9/1999 7:48:00 PM
From: Larry S.	Read Replies (2) of 53068

No brainer # 35: LCOS - LCOS leaped 13 to 96 1/2 today as David Wetherell, CEO of CMGI, which owns 19% of LCOS, resigned from LCOS board and announced his opposition to USAI's takeover based on price. Wetherell is one of the genius's of the internet and a major force. LCOS chart says 116 is right around the corner, at least to me. I bot back in today at 97, after declining to buy this %^%&^@%@$# POS at 84 yesterday. But the game changed dramatically today with Wetherell's resignation and his announced intention to get a better price for LCOS. Barry Diller, CEO of USAI, has a history of winning drawn out merger deals, but he also has a record of losing. He lost a bid for CBS and he lost the battle for Paramount. This should be a battle of titans: Wetherell vs Diller (and his buddy Bronfman writing checks in the background). I'll bet on Wetherell, at least till 116. think 130-140 is very doable too. downside risk - maybe 85-90, IMO. larry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next