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To: HH who wrote (14130)	3/9/1998 5:29:00 AM
From: Teddy	Read Replies (1) \| Respond to of 95453

RE: "Teddy, I think this would be a good project for you. Find out what Soros is doing with GLM." Why did i get stuck with that job?<G> I'll look into it this afternoon. The only way i could figure it out is to look at ALL the SEC filings for GLM... Remenber this: Soros is good, very good, but he is wrong sometimes too. He owned 4 million shares of IOM when it crashed in January.

To: HH who wrote (14130)	3/9/1998 11:19:00 PM
From: Teddy	Read Replies (1) \| Respond to of 95453

SOROS and GLM: The Whole Story, as seen by Teddy in the SEC Filings. They ain't making any money. 1. What names does Sorors hold GLM under? i) Soros Fund Management LLC ("SFM LLC"); ii) George Soros ("Mr. Soros"); iii) Stanley F. Druckenmiller ("Mr. Druckenmiller"); and iv) Duquesne Capital Management, L.L.C. ("Duquesne LLC"). SFM LLC, a Delaware limited liability company. Its principal business is to serve, pursuant to contract, as the principal investment manager to several foreign investment companies (the "SFM Clients"), including Quantum Fund (as defined herein) and Quantum Partners, the principal operating subsidiary of Quantum Fund. The business of SFM LLC is managed through a Management Committee (the "Management Committee") comprised of Mr. Soros, Mr. Druckenmiller and Mr. Gary Gladstein. SFM LLC has been granted investment discretion over portfolio investments, including the Shares, held for the accounts of Quantum Partners LDC, a Cayman Islands exempted limited duration company ("Quantum Partners") and Quantum Fund N.V., a Netherlands Antilles company ("Quantum Fund"). 2. How many shares did they own August 14, 1997? Soros Fund Management LLC Aggregate Amount Beneficially Owned: 7,530,000 Shares Percent of Class Represented By Amount: 4.39% STANLEY F. DRUCKENMILLER Aggregate Amount Beneficially Owned: 8,980,000 Shares Percent of Class Represented By Amount: 5.23% Duquesne Capital Management, L.L.C. Aggregate Amount Beneficially Owned: 1,450,000 Percent of Class Represented By Amount: 0.84% Total Shares: 17,960,000 Percent: 10.46 Now, the "new" numbers: March 6, 1998 SOROS FUND MANAGEMENT LLC Aggregate Amount Beneficially Owned: 7,566,993 Percent of Class Represented By Amount: 4.40% STANLEY F. DRUCKENMILLER Aggregate Amount Beneficially Owned: 9,016,993 Percent of Class Represented By Amount: 5.24% DUQUESNE CAPITAL MANAGEMENT, L.L.C. Aggregate Amount Beneficially Owned: 1,450,000 Percent of Class Represented By Amount: 0.84% Total Shares: 18,033,986 Percent: 10.48 **Teddy's note: As you can see, the numbers are about the same as six months ago. There are a lot of Notes and stuff that go with these numbers, but this pretty sums it up. HH, looks like Fidelity, Marrel Lynch and a few others bailed out a long time ago. What's next? Soros dumps 18 million shares or everyone else comes back?