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Non-Tech : LEH LEHMAN BROTHERS -- Ignore unavailable to you. Want to Upgrade?

To: M CAHILL who wrote (272)	9/30/1998 10:38:00 PM
From: john griffin	Read Replies (1) \| Respond to of 315

To all--check this-- All: Message 5874828 This was on the BT thread---gives a long but good report on bank exposure to deratives and problems. All the best--John

To: M CAHILL who wrote (272)	10/1/1998 3:32:00 PM
From: liz blake	Read Replies (1) \| Respond to of 315

I was thinking of investing in LEH stock. I was wondering if you knew if there is any validity to the rumors out there? I know from a reliable inside source that, contrary to the recent news, LEH is not having problems with banks in terms of credit lines. Additionally, there are no big exposures on losses that haven't already been recognized. The stock is undervalued! It is trading at below book value. In trying to separate the "wheat from the chaff" here, I am wondering if all the other negative rumors are just as false. Any idea where they could be coming from? Another question, do you think that a major institutional investor has taken a large short position in LEH? and if so, do you know who that investor is? Thanks in advance for your reply, Liz Blake