To: Ron McKinnon who wrote (5043 ) 8/13/2000 12:45:23 PM From: Larry S. Respond to Z positions and other thoughts: - LMGa - Liberty Media, planning on holding this for quite some time, came down to low 20's rebounded to 22. This company is involved in so many deals and has so much going for it that i consider it a core holding in a medium or long term hold portfolio. It has extensive holdings in TWX (AOL) and T, so is surrogate for both, had CD, and NWS positions, plus content up the kazoo. Most important, it has John Malone. JM makes money for his investors.TERN - Terayon Communications - is one of the "hot stocks" has traded between 50 and 60 for the past few weeks, my target is mid 70's and then would put a short lease on it. TERN is mainly a cable modem mfg, and is a G.Gilder fav. SV - Stillwell Financial, (Janus Funds) - got rocked this week by news of Jim Craig (the founder) planned departure from Janus. Actually, this is not a big operational factor, as there is a management team in place of the current fund managers. Also, WSJ had an article about the under-performance of Janus funds this year, which is not surprising given their concentration on high growth stocks. SV at 41 is likely to trade down to 36-38, think it will rebound with a vengeance to low 50s on way to 60-70. Think there is a possibility of a takeover of SV by Janus or some third party supported by Janus people. I may bail on this one if something doesn't develope fairly soon.
