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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?


To: Sundar Rajan who wrote (467)8/25/2000 11:48:26 AM
From: R.E.B.  Read Replies (1) | Respond to of 788
 
From the NY office of Morgan Stanley Dean Witter, EMLX may not open for weeks as they sort out all the trades. My impression is that they will all be reversed. A purchase of stock is a contract but a "mutual mistake of fact" is a defense and may cause the transaction to be voided by either party. The only question will be how to treat transactions in other stock that track EMLX.... that is the wild card in this whole thing.