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Technology Stocks : Comdisco, Inc. (NYSE: CDO) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (650)	4/18/2001 12:25:24 AM
From: SOROS	Read Replies (2) \| Respond to of 689

This John Jones obviously has an ax to grind. These are personal loans, and you can bet they don't want that headache. The fact that they felt confident to borrow money to buy shares says something. Also, in light of everything, another 100 million isn't much, but I don't think this is even a worry to have. I would question Jones' facts -- that they bought at the $34 price he quotes as the year high. I know, 1998, but think about what he is saying???? I also see NO insider selling except the guy who is no longer running the show, and even he only sold a portion of his holdings to diversify -- a logical thing to do when leaving. Don't forget that CDO will be earning in the 20-25 cent range for the 3rd and 4th quarters -- that's EARNINGS. Add this on top of what the company is worth in a sale. This is not even counting VENTURES. CDO has proven it is one of the best in picking venture companies in a good environment. If the economy get ANY better, VENTURES will ADD more value. WITHOUT it completely, CDO makes better than 80 cents in 2002 -- VENTURES is gravy at this stock price, so those worrying about it worry needlessly, IMO. Blake has said he is at CDO to improve shareholder value and shore up the balance sheet. He did it many times elsewhere, and I think he will do it at CDO. He has to operate without bank loans, but he has many options. He most certainly knew these limitations BEFORE taking the job, don't you think? He will soon, IMO, let us know what he will sell, what he will shut down, what he will do with VENTURES holdings, etc. to effect this turnaround. I don't think today's action is simply traders money. I hope it portends Blake's coming genius! I remain, SOROS