Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (177331)	7/3/2002 4:12:35 PM
From: KeepItSimple	Read Replies (2) \| Respond to of 436258

Hope you guys followed my lead and covered your MSFT shorts. :) I covered within 20 cents of the low for the day.. woo hoo! Bought some july cisco 12.5 and 15 calls..

To: Les H who wrote (177331)	7/3/2002 4:50:44 PM
From: Les H	Read Replies (2) \| Respond to of 436258

Standard practice for brokers to go to nudie bars - court told A senior manager of a leading City firm has told the High Court it is "standard practice" for brokers "to go whoring". Xavier Alcan, a senior managing director of Cantor Fitzgerald's interest rates division, says all brokers have been involved in that. By "whoring", Mr Alcan said he meant visits to lap dancing establishments and strip bars to release the pressure from work, and not sex with a prostitute. Cantor is seeking damages from three key brokers for breaking their contracts and joining arch rivals Icap. All three brokers - Edward Bird, Spencer Gill and Luigi Boucher - eventually left Cantor for Icap in April this year before their contracts expired. They are counter-claiming, saying they had suffered from "domineering and bullying" management at Cantor. Cantor is also seeking the return of a loan extended to Mr Gill and bonuses paid to all three. Today, the sixth day of the hearing, it was suggested that an invitation to go "whoring" made to Mr Gill by Mr Alcan was one example of "wholly inappropriate" behaviour. Susan McKie, appearing for Mr Gill, said to Mr Alcan in cross examination: "You are a senior manager, a director of Cantor Fitzgerald, and you are suggesting that to a mere junior member of staff?" Mr Alcan replied that he did not think it was inappropriate. It was "standard practice - all brokers have been involved in that". Icap is being accused of plotting to poach leading brokers from devastated Cantor Fitzgerald after hundreds of its employees were killed in the September 11 terrorist attacks