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Non-Tech : WELLS FARGO -- Ignore unavailable to you. Want to Upgrade?

To: David C. Burns who wrote (1229)	7/14/1999 11:52:00 AM
From: Gregg	Read Replies (1) \| Respond to of 1281

Hi investors. Has anyone heard anything on Wells Fargo buying Hibernia Savings Bank? My buddy works on Wall Street for Fidelity, he said the floor is waiting on a buyout offer. This could happen anyday. He said HIB should go off at around $24 Take a look at this. 7/13/99 3:45 pm... CONTINUE TO BUY HIBERNIA CORP. (HIB 15-1/16)... Posts Q2 EPS of $0.29 vs. $0.27, in line... Core operations on track, with net interest income up 6% and noninterest income up 13%.. Loans grew 15%.. Efficiency improving... Louisiana bank expanded further in southeast Texas with 5/21 purchase of Chase's Beaumont operations... BUY..HIB for long-term growth potential and strong possibility of a takeover bid soon... Valuation modest at 2.0 times book value, 12X our 2000 EPS est. $1.30. Takeover target price $24 WP.Price & Co. Wall Street NY.