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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: VegasMan who wrote (17291)	9/23/1998 12:12:00 PM
From: TCGNJ	Read Replies (1) \| Respond to of 77400

--OT-- Thread, Did anyone see the WSJ today? On page C1 is an article quoting Merrill Lynch as saying that on-line trading is bad for investors. John Steffens, ML Vice-Chairman, is quoted as saying, "The do-it yourself model of investing, centered on Internet trading, should be regarded as a serious threat to Americans' financial lives." Apparently, ML is worried that investors will trade too much at the expense of long-term returns, according to the article. ML is planning, by the way, to offer on-line trading (according to the article), with full commissions. Comments? TCG

To: VegasMan who wrote (17291)	9/23/1998 2:48:00 PM
From: Clare	Respond to of 77400

You said: One drawback is FORE and NN have no presence in Silicon Valley. FORE being in Pittsburgh, and NN in Canada(I Believe). Not a drawback at all! In fact, an advantage. If LU purchases a company in Silicon Valley, how likely will they be able to hold onto all those engineers? (with CSCO next-door) BTW, lots of BAY engineers went to CSCO after the NT takeover. Meanwhile LU does not have a big presence in SV, just what they acquired, Octel in Milpitas, Livingston in Pleasanton. So it looks like both FORE and NN are digestible, and FORE is possibly more "agreeable" to a takeover than NN and ASND (both of which have extremely headstrong CEOs).