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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: cdfan who wrote (143)	4/10/1998 3:56:00 PM
From: Carmine Cammarosano	Read Replies (2) \| Respond to of 3627

What would be a good level to buy? $35? $33?

To: cdfan who wrote (143)	4/11/1998 4:13:00 PM
From: Brian K Crawford	Read Replies (1) \| Respond to of 3627

This is a buying opportunity. From the press release: <<Cendant Corporation (NYSE: CD - news) confirmed a Dow Jones report that Kirk Shelton, one of six vice chairmen of Cendant; Amy Lipton, executive vice president and deputy general counsel; and Cosmo Corigliano, executive vice president, will resign from the company to pursue other interests. The company further announced that John Fullmer, Cendant's executive vice president and chief marketing officer, and Tony Menchaca, president of Cendant's Comp-U-Card Division, have been named co-chairman and co-chief executives of Cendant's newly named Alliance Marketing Division and will succeed Mr. Shelton. In addition, John W. Chidsey, currently executive vice president of business development, has been named president and chief operating officer of this division. These changes have been initiated and jointly endorsed by Walter A. Forbes, Chairman and Henry R. Silverman, President and CEO to ensure the stable management base which is currently functioning well. Mr. Forbes and Mr. Silverman said: ''We thank Kirk, Cosmo and Amy for their service. These types of management changes are inevitable when any two large companies merge.'' In response to market rumors, Mr. Forbes and Mr. Silverman stated that they will remain with the company in their respective positions.>> A Cendant employee characterized these moves to me as follows: 1. Normal re-shuffling of duties following a huge merger. Some redundancies were inevitable. 2. At CUC, Forbes was the visionary, and Kirk Shelton was the hands on operating guy. Under the new Cendant structure, Forbes is CEO, and Henry Silverman from HFS is President. Shelton's role had been drastically reduced, apparently. 3. Business is great. Momentum is strong. 4. Fear not. Brian