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To: chien wong who wrote (18185)4/6/1998 1:00:00 PM
From: JZGalt  Read Replies (1) | Respond to of 95453
 
recently Prudential Coverage Initiated as buy is a sign that maybe more will fellow the company.

Here are the underwriters:

Lehman Brothers Inc. ................................ 2,920,000
Howard, Weil, Labouisse, Friedrichs ................. 1,460,000
Prudential Securities ............................... 2,190,000
Credit Lyonnais Securities (USA) Inc. ............... 730,000
Bear, Stearns & Co. ................................. 150,000

Did you really expect them to issue any other recommendation than "Buy"???



To: chien wong who wrote (18185)4/6/1998 1:07:00 PM
From: Wallace Rivers  Respond to of 95453
 
The fact that the CEO and the board of directors own that amount of stock is not necessarily in the company's best interests. With that amount of stock, they can run the company pretty much as they please without answering to anyone but themselves (as over 50% is closely held).



To: chien wong who wrote (18185)4/6/1998 1:49:00 PM
From: jbe  Respond to of 95453
 
currently the company has no debt and has some cash. (Re: IRR)

It has boatloads of debt! Did you actually READ my post? (Sorry for screaming, everybody.)

jbe