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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?


To: taxikid who wrote (416)7/5/1998 11:47:00 AM
From: Stevie  Read Replies (1) | Respond to of 1254
 
CENDANT OWNS 10% of EXCITE...
According to a post on the CD board.

I know JC is a big Cendant lover..
I just came across a VERY interesting post on the Cendant board..
at...
www3.techstocks.com

According to this post..and a post at yahoo..Cendant is the BENEFICIAL owner of 10% of excite..
Whats even MORE interesting is that IF this is the case..
THE MARKET VALUE INCREASE OF THEIR POSITION IN EXCITE ALONE SINCE THE ACCOUNTING PROBLEM WAS DISCOVERED WOULD WIPE OUT THE ENTIRE CENDANT ACCOUNTING LOSS.

I have NOT verified that they do own this..but its at the cendant board at the above link..AND the following is listed on yahoo ...

Name: CENDANT CORP.
Title:Beneficial Owner of More Than 10% of the Company's Securities
Company:Excite Inc

At biz.yahoo.com

VERRRRRRRRRY Interesting.

Steve..