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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (101772)	3/29/2000 5:38:00 PM
From: D. Swiss	Respond to of 186894

Ibexx, I sold some INTC 4/00 (putskies) 125's for 2 1/2, I figure it is a nice safe play. :o) Drew

To: Ibexx who wrote (101772)	3/29/2000 5:53:00 PM
From: Tony Viola	Respond to of 186894

Ibexx, according to this report on the Tiger selling, or liquidating, Intel stock price may have been affected. I do recall that the Tiger fund was buying a lot of Intel. Kurlak saw the error of his ways after all? Too late, sounds like. cnbc.com Mar 29 2000 3:00PM ET More on The Faber Report... Tiger Closing Jaguar Fund By David Faber CNBC Wall Street Reporter Tiger Management is liquidating investments of its premier Jaguar Fund in preparation for closing the fund when the current quarter ends on Friday, sources close to the company said. The Jaguar, which is a hedge fund aimed at wealthy overseas investors, was down roughly 13 percent in the first two months of the year, and has had sizeable losses over the last 18 months, the sources, which include investors in the fund, said. A spokesman for Tiger Management declined comment. Sources said it is unclear whether Tiger, and its 67-year-old leader Julian Robertson, will be shutting the doors of the company as well, or creating a new fund from the remnants of Jaguar. Robertson has been the single largest investor in the Jaguar Fund, and his holdings in Tiger are thought to approach, if not exceed, $2.0 billion. Traders told me they believe Tiger Management has been selling some of its large holdings, including a 12% stake in Federal Mogul {FMO}, and large stakes in Intel {INTC} and Sealed Air {SEE} as well. Three-month performance chart for Federal Mogul {FMO} Analysts believe that some of the recent weakness in Intel may be attributable to selling by Tiger. It is unclear what will be the fate of Tiger's largest position: a 25 percent stake in U.S. Airways {U}. That stake is too large to be sold in the market. Analysts said it was not clear whether the stake will be put in a trust and sold, underwritten in a secondary market, or be distributed to investors in Jaguar. As I reported in mid February, Robertson had been trying to work a deal to merge with another large hedge fund, Maverick Capital. While that deal foundered, it is still possible that Tiger will transfer any unliquidated positions to another hedge fund, perhaps Maverick. Federal Mogul Intel Sealed Air U.S. Airways

To: Ibexx who wrote (101772)	3/29/2000 8:55:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Ibexx - Re: "Didn't Tom Kurlak leave ML for Tiger Fund? - " Yes. I heard David Faber - CNBC - report on this around 12:35 PST. Tiger Fund is essentially being liquidated. Oddly, Intel turned out to be one of their best LONG investments. Tiger owned lots of Intel BEFORE Kurlak arrived in early 1999. I don't know if Tiger added or sold some Intel since then. Some analysts are keeping their jobs, to manage Julian Robertson's "remainder" of the fund - his personal assets. Paul