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To: David H. Zimmer who wrote (1583)7/20/1999 1:55:00 PM
From: michael j. brown  Read Replies (1) | Respond to of 2419
 
earnings out today, between 1 and 4.



To: David H. Zimmer who wrote (1583)7/20/1999 9:05:00 PM
From: Erik T  Read Replies (2) | Respond to of 2419
 
No credible investment bank is going to let the stock drop 50% prior to consummating a secondary.

Is Merrill not credible? Checkfree shares sank 40% immediately after SPO. Circumstances were a little different with The Exchange announcement, but what is to stop the major banks from dropping a damaging press release on this competitor?

Just some thoughts

Erik