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Politics : Idea Of The Day

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To: SpecialK who wrote (25385)	4/16/1999 5:54:00 PM
From: James C. Mc Gowan	Read Replies (1) of 50167

ketan: RE: CNBC/Fidelity/LU and Tech Just heard another CNBC report reiterating Magellan/Fidelity story My earlier post said: CNBC announced this AM that Fidelity had lightened up its technology exposure, and mentioned specifically LU and INTC... The Reuters story published at 5:05pm today(and posted on the LU thread) notes that Magellan "...pared it's holdings of both INTC and LU..." and "...tech holdings dropped to 20.9% as of 3/31/99 from the peak of 25.8% at end of 1998..." Ted David on CNBC about 1/2 hour ago used the word "cut" in reference to tech holdings in Magellan 3 times I looked at the Fidelity website, and, indeed both Magellan,at 90B and Contrafund, at 41B had reduced thier % of tech holdings over the past month. No intention on my part to mislead, I hold INTC and other big techs long Regards James

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