To: Harry Ehrlich who wrote (23690 ) 11/16/1997 7:23:00 PM From: sbeckbal Respond to
I just spent the last thirty minutes investigating Amerindo's web site, which seems to have to some degree evaporated, making one wonder about the current status of the fund. If you attempt to go to their website directly (amerindo.com) the result will be "Document contains no data". If on the other hand you use the Net Search function and enter "Amerindo" you will be able to access some--but not all--of the web search result listings. Additionally, some search engines are more complete than others--I tried four. When you finally get in, everything seems to come to a screeching halt with the Q2 report dated June 31, 1997. There is nothing available or even listed after that date. I then tried calling the New York office, and when I followed the voice mail prompts in an attempt to reach Vilar's office, the message that resulted was "Invalid ID". Has he left the firm? Performance for '96 was a measly 8+% after the 80+% gains of the year before, and this year things have continued to slide even more. The Amerindo funds had 2-3 billion under management, and with their largest position having been in ASND (as previously stated, 5.2 million shares following the ASND/CSCC merger) it is possible that heavy redemptions may have forced Vilar and Co. to start unwinding their positions. If this in fact happened, it may explain the rather oversold situation we are currently witnessing. By the way, in answer to your question, the symbol for the Amerindo Technology Fund is ATCHX, but that fund represents/represented only a small fraction of the Amerindo Funds overall. I am still looking into Pilgrim Baxter...
