Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: mfgrep who wrote (6384)	7/6/2000 12:58:05 AM
From: Nick	Read Replies (1) \| Respond to of 6846

Lol Jason... But does this guy know anything that we don't? Anything with DT or any other company? Just curious. N

To: mfgrep who wrote (6384)	7/6/2000 8:41:07 AM
From: SJS	Respond to of 6846

Jason, We did know for a while, but we also thought that most of the shares were already used by what folks got from their USW shares. Gary accurately pointed out what we DIDN'T know. 70% more shares needed to be purchased as fresh shares in the open market. That's why the jump. Index funds scrambling to get the rest of what they didn't have. And.....as usual, at the last minute. If I were a fund mgr, I'd try to be accumulating it early since that appears to be the time it's the "cheapest". IE, after the announcement but before the frenzy. Maybe it doesn't matter, but I'd certainly rather pay 50 then 58. Steve