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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: DreamWeaver who wrote (8690)	10/14/1998 4:43:00 AM
From: DreamWeaver	Respond to of 12468

SteveB: Time to return to gold !! P.S. You wouldn't believe the response time at this time of night, maybe this is what LMDS will be like. :> ************** NEW YORK, Oct 14 (Reuters) - Some analysts expect BankAmerica Corp. (NYSE:BAC - news) to report a large hedge fund loss on Wednesday, the New York Times reported Wednesday. Some analysts say the loss could be about $100 million, the report said. Other analysts said the bank's overall exposure to the hedge fund D.E. Shaw & Co. could total as much as $1 billion in the form of either loans or credit lines, the Times said. The report said it is not clear whether BankAmerica owned a stake in the hedge fund. The bank, expected to report third quarter results Wednesday, declined to comment on its hedge fund exposure or its link to Shaw, the Times said. And a Shaw spokesman declined to comment as well, the report added. The bank recently disclosed large trading losses in Russia, the report said. And last month, the bank said it had pretax trading losses of about $330 million so far in the third quarter, the report said. The bank also previously said it expected its net-interest income in the third quarter to be cut by $65 million mainly due to one borrower, the report said. Analysts and other persons close to the bank say they believe that borrower is Shaw, the report said.