Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : John Dessauer's Investors World -- Ignore unavailable to you. Want to Upgrade?

To: Wren who wrote (1618)	10/2/1998 9:51:00 PM
From: Gary Smith	Respond to of 2346

As I understand the terms of the merger, each share of Citicorp will yield 2.5 shares of Travelers.

To: Wren who wrote (1618)	10/2/1998 9:52:00 PM
From: Diogeron	Respond to of 2346

I don't know either, but I'll follow up on it. BTW, did anyone but me notice that Dessauer gave the symbol "FFS" for Espirito Santo Bank on the Hot Line tonight instead of "EFS"? Maybe it was a Freudian slip. FWIW, my wife is a Business Law prof at Indiana University, and was attending a Global Business Conference yesterday on campus. We had lunch with some of the attendees, two of whom were top shelf economists from Barcelona. Both said that they thought Banco Santander was in good shape, had little Brazilian exposure, and would weather this storm nicely in the long haul.

To: Wren who wrote (1618)	10/3/1998 5:08:00 PM
From: Wren	Respond to of 2346

On his October 2 hotline, JD said that he believes that the market has over-reacted to the LTC hedge fund situation. He said that the markets in Europe dropped significantly after the UBS announcement of the size of its loss from LTC and the resignation of its chairman and two other top officers because of the loss. JD believes that a fear that the banking system may be at risk of collapse caused investors to over-react. JD is in Europe for a Swiss seminar. The chairman of EFS - Espirito Santo is speaking to the seminar Monday. JD will do a special hotline Monday evening to let us know what the ESF chairman said. JD thinks the SFA drop Friday was to ridiculous levels. He recommends holding and buying more if you have funds. JD also thinks Harrahs is at a ridiculous price and is a buy. He has used the word "ridiculous" a lot lately.