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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?

To: william liao who wrote (944)	2/7/1998 10:49:00 AM
From: Albert Levulis	Respond to of 2068

Can any one post the time of sales for the last ten minutes of trading on Friday? In the last 10 minutes, there was about 500,000 shares traded. The share price rose from 19 to 19 5/8 to settle at the 1/4. I had to take off 3:45 to 4:00 at work and jump on the internet to watch. The price dropped from 19 5/8 to 19 1/4 probally because of the daytraders who made out well during these 10 minutes. But, there had to be some very large buy orders during this period. Thanks for posting this data.

To: william liao who wrote (944)	2/7/1998 2:48:00 PM
From: Tom Hua	Read Replies (2) \| Respond to of 2068

William, now that the news about the Franklin Group's 5.5% ownership of OXHP is out, people will have a chance to assess. In the DD process they will also look at the other health care organiztions that Franklin has a stake in, including but not limited to Pacificare (~10% of company), Foundation Health (8.2%), Maxicare (10%), Mid-Atlantic (% unknown to me). To my best knowledge, the other organizations are not plagued by the big mess that Oxford is experiencing such as: - Oxford currently has no CEO - Oxford currently has no CFO - OXHP expects to post a loss of ~$1.45/share for the Q ending 12/97 - Malfunctional computer systems - NY County Medical Society's legal claims for $140 million owed to its 5000 members - Supoena by NY State Attorney General related to Oxford's own report of $145 million backlog of overdue payment to doctors and hospitals statewide - Several class action law suits alleging the company in violation of federal securities laws - Oxford's failure to bill its clients A week ago, OXHP stock spiked due to the Aetna buyout rumor only to quickly gave back most of the gains. I bet that it will retreat again in a couple of trading sessions. People may opt for Pacificare, Foundation Health, Maxicare, Mid-Atlantic which the Franklin Group owns more of those companies, percentage wise, than its stake in Oxford. This is just MHO. We'll see. Regards, Tom