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To: GST who wrote (99171)	4/5/2000 9:23:00 PM
From: Glenn D. Rudolph	Respond to of 164685

From The Street Life: "PRINCE ALWALEED STRIKES AGAIN.... So in the midst of all this, my close personal friend the Saudi Prince has bought himself some new stocks!! Check this: He bought some $100 million of Xerox, $100 million of Eastman Kodak, $400 million of Compaq!!! Those are all new purchases!! (About a month ago, I reported that he bought Compaq, though that was never confirmed. This is it!!) He also bought $400 million of AOL, bringing his total holdings in AOL up to just over $1 billion. Yeah, baby!! His average purchase prices are (circa) Xerox, around $20; Eastman Kodak, $56/$57; Compaq, $26; AOL, low $60s. So it appears he's up in all, though I know he was under water in Compaq for a while. Been buying since October, though mostly over the past couple months. Below are the number of shares that he bought, EXCEPT for the AOL, which represents his total holdings. (He bought approx. 6.3 million new shares of AOL.) Note: If the # Shares x Stock Prices doesn't match the amount above, it's because the stocks have moved around (!!!) over the past couple days: AOL 14,340,220 shares Compaq 13,633,860 shares Xerox 4,674,200 shares Kodak 1,631,000 shares He has the above shares held in a trust through Citibank. However, he has additional AOL shares (around $70 million worth) and additional Xerox shares (around $7 million) in his trading portfolio through his account in Saudi Arabia. Cool. You can see for the most part his strategy remains the same. Big, down-and-out world-class brands. These are companies he told me he was looking at last fall. With Compaq, I dunno, he made beaucoup bucks in Apple, so maybe he thinks he'll hit it again. With Xerox and Kodak: "They are both like Motorola," (another big smash of his) he told me. "They are both down, and like Moto, Kodak and Xerox are late to the digital party, but they will come back. Think about these names!" As for AOL, it's not a typical purchase for him, but remember that he never bought AOL before, rather exchanged in from AOL's purchase of Netscape. His cost in old shares was around $16, bringing his AVERAGE cost in AOL to around $38. "That is why I did it," he told me. "Because my average cost is so much less than what it trades for now." Been thinking I need to pick $400 million of CPQ myself!! "

To: GST who wrote (99171)	4/6/2000 10:08:00 AM
From: Bob Kim	Read Replies (1) \| Respond to of 164685

GST, re: Great stocks can get grossly overpriced -- as can any asset. Sure. But there is a difference when you are touting it as good time to buy to a 15,000 strong broker force who then relay that message to 5 million accounts, and then when it falls 60% in a few days, you tell another audience (media) that it was irrational to buy earlier. Last year, Blodget initiated coverage of ATHM at $91 and called it a core holding. When the stock fell into the $30s, he apparently decided it was worth $50 tops.