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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Greg h2o who wrote (25373)	10/13/2000 1:20:37 PM
From: danofthebes	Read Replies (1) \| Respond to of 42804

OT: Ebbers with $78 M margin call Who says insiders always bet right...Wow. NEW YORK, Oct 5 (Reuters) - WorldCom Inc. said Thursday its Chief Executive Bernie Ebbers plans to sell three million shares of the telephone company's stock, or about 11% of his stake, in a move to cover a margin call. Ebbers filed with the Securities and Exchange Commission on Sept. 28 to sell three million shares, worth about $78.2 million. Ebbers owned about 27 million shares of WorldCom stock at the time of the filing, the company said. WorldCom spokeswoman Claire Hassett confirmed that Ebbers planned to sell the stock to raise funds to cover a margin call. A margin call requires an investor to put up cash or securities to back the stock bought with borrowed funds. Hassett said Ebbers had bought WorldCom on margin, but she declined to provide additional information. WorldCom could not confirm whether the sale of the stock had gone through yet, but a trader said the sale contributed to the weakness in WorldCom's stock price on Thursday. Shares of WorldCom closed at $25-15/16, down $2-1/4, or nearly 8 percent, in heavy trading on Nasdaq. technologyinvestor.com

To: Greg h2o who wrote (25373)	10/13/2000 1:59:59 PM
From: Regis McConnell	Read Replies (4) \| Respond to of 42804

Greg, didn't mean to attempt censorship. The issue of access to margin information relating to specific securities looms large. Do you agree that access to such would provide as edge? Anybody who has worked w/software & database design knows that the info. could certainly be 'mined'. Knowing that, & knowing how nefarious certain human characteristics can be, what information could be used to advantage 'behind the scenes' of the actual transaction processing? Can anyone say w/absolute certainty that what you do in your account on a transaction detail level, is private information, not accesable to be collected, correlated, analyzed, procured, sold, or otherwise used to establish investment decisions without your knowledge or consent? In the past I've had opportunity to see how extensively detailed financial systems collect & report upon transaction data, & how easily such info. can be reported upon. All brokerages know for what, when, & how much an investor has borrowed to purchase which securities, I'd like to know more as to exactly how much of this transaction detail is available, & to whom, as it seems that this information would be key to any such alleged manipulations. Is there a difference btw. the brokerages in such access & policies? Merril vs. a Datek? How uniform is the regulation of such? Do you agree that ownership of such would be a powerful advantage if collected & used against positions taken by account holders? Regis