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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (43021)8/16/1999 2:55:00 PM
From: Monty Lenard  Read Replies (1) | Respond to of 94695
 
Haim, I don't know who is worse. How do you like this news I just rec'd

Headline: RESEARCH ALERT - Motorola (NYSE:MOT) buy repeated

Summary:
CHICAGO, Aug 16 (Reuters) - Warburg Dillon Read on Monday reiterated its buy
rating on Motorola Inc., saying Iridium LLC's (NASDAQ:IRID) Chapter 11
bankruptcy filing would likely prove to be a positive for Motorola's shares in
the near term. -- Iridium, the global satellite phone system that Motorola
bankrolled, filed for Chapter 11 bankruptcy protection on Friday after it
defaulted on more than $1.5 billion in loans.

Well I can tell you that if I had put that much money in a co and it went bankrupt, they would have a hard time convincing me that it was good for me in the near term.