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To: stock bull who wrote (5350)8/1/1998 3:26:00 PM
From: William Epstein  Read Replies (1) | Respond to of 7841
 
Stockbull;

It is not unusual to see an investment banker appointed as CEO when a large company is having problems with its stock. They are needed to deal with the Wall St. insiders such as specialists and the investment banking community which controls stock offerings and price valuations. When a large company has trouble with its stock price it is potentially a takeover target especially, if it is cash rich. It can't make acquisitons with its stock and these matters are often matters of survival. A tech. person may not be the right guy, right now.

William Epstein