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To: RockyBalboa who wrote (369)6/29/2001 3:19:10 AM
From: Marty Lee  Respond to of 449
 
Interesting

David Lede and Clifford Lede belong with their fiber optic network - on the bottom of the ocean.

Federal prosecutors are scrutinizing a wide range of IPO-related activities and have contacted many of the major players in the underwriting industry, according to securities lawyers. Goldman Sachs Group Inc., Merrill Lynch & Co., Credit Suisse First Boston Inc. and Morgan Stanley Dean Witter & Co., all major investment banks, declined to comment on the investigation or their IPO practices.

washingtonpost.com

Marty



To: RockyBalboa who wrote (369)6/29/2001 8:59:24 AM
From: BWAC  Respond to of 449
 
GOLDMAN, SACHS & CO., DONALDSON, LUFKIN & JENRETTE,
CREDIT SUISSE FIRST BOSTON TD SECURITIES,BEAR, STEARNS & CO. INC.,MORGAN STANLEY DEAN WITTER

Which begs the question. Why does any individual investor ever continue to do business with these firms?

$10 Billion market cap, 1 year on the market, bankrupt. And the above helped pump it out to the public, and took in substantial fees for doing so.

Why continue to do business with them?


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