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To: H James Morris who wrote (75709)	8/30/1999 10:27:00 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164684

'For a long time, high-yield financing was used to finance terrific companies with great cash flow,' says Neil Subin, president of Trendex Capital Management, a money-management firm based in Boca Raton, Fla. 'But in the past few years, substantial amounts of money have been raised to support what amounts to dreams--companies with no revenue, no cash flow, but terrific projections.' Maybe that's why Priceline's debt offering failed. Victor ps. - why are all the "money management firms" I've never heard of based in Boca Raton?