Silicon Investor (SI) -- The First Internet Community

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.

Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: MileHigh who wrote (23357)	6/22/1999 8:00:00 PM
From: pompsander	Read Replies (1) \| Respond to of 93625

I believe he runs his own hedge fund, but not absolutely sure.... anyway, he has wide discretion in his investing, which is what got him in trouble at Fidelity.

To: MileHigh who wrote (23357)	6/22/1999 8:00:00 PM
From: Dave B	Read Replies (1) \| Respond to of 93625

Didn't he start his own fund company? Vinik and Sons, or something.

To: MileHigh who wrote (23357)	6/23/1999 10:05:00 PM
From: Victor Lazlo	Respond to of 93625

Vinik ran the Magellan fund. A few years ago he was talking up tech stocks and how much he liked them, and how he was still snapping up shares (including on Wall Street Week)- in reality he was selling off as fast as he could and moving into bonds. Micron shareholders sued Fidelity for this and won a $10 million judgement, out of court. Fidelity pretty much admitted it. Vinik was canned from Magellan. BTW, tech stocks kept doing very well, and Magellan performance sagged badly compared to SP500 for a while due to Vinik's shift to bonds. Victor