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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: wlheatmoon who wrote (2414)	7/9/2001 11:37:25 PM
From: John Pitera	Read Replies (1) \| Respond to of 2850

Hi Mike, ....been on vacation. ..... DSU looks like a high yield fund. It was created by MERRILL LYNCH ASSET MANAGEMENT, and they look like they manage it. here are a couple of the high yield bonds they have bought this year TRADE DATE DESCRIPTION OF SECURITY AMOUNT ISSUE SIZE MEMBER OF UNDERWRITING SYNDICATE FROM WHOM PURCHASED FUND PURCHASED 01/15/01 Charter Communications 11.125% $2,000,000. $2,075,000,000. Morgan Stanley 01/05/11 01/19/01 Nextel communications 9.50% $12,000,000. $1,250,000,000. Goldman Sachs The telco debt situation is so fluid, and the prices have moved so much the past 6 months, that you'd really need a high yield bond expert like Michael Cahill Message 15792070 to go through there holdings, No question there are risks, and some of the smartest telco CEO's have really misjudged their telco buildout strategies. Expecially how to generate cash flow to pay the bills. How are we going to know more than a bernie ebbers of WCOM. So there are certainly risks. How did you come across DSU? John