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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Michael Sphar who wrote (7431)	11/7/1998 3:52:00 AM
From: Michael Sphar	Respond to of 9980

Received this from a regular Schwab email service. I read it as a constructive effort on the part of a Japanese Bank to raise capital. Perhaps I am excessively naive, anyone care to comment ?: Subject: CIT Group A Secondary Offering Date: Wed, 4 Nov 1998 11:07:47 -0500 From: IPO Orlando <IPO.Orlando@Schwab.COM> To: IPO Orlando <IPO.Orlando@Schwab.COM> The Charles Schwab & Co., Inc. IPO Department is pleased to announce that it is participating in the following public offering: Company: The CIT Group Business Description: The CIT Group is a leading diversified finance company offering commercial and consumer financing secured by various types of collateral . Offering Type: Secondary Offering Size: 49,000,000 shares, all being offered by the Selling Shareholder (The Dai-Ichi Kangyo Bank). Use of Proceeds: The Company will not receive any proceeds from the sale of Common Stock by the Selling Shareholder. Price: The last sale price on November 2rd was $27.6875 Expected Date: The offering is expected to take place on or about the week of November 16th. If you are interested in receiving a preliminary prospectus, you may download a PDF file at www.schwab-ipos.com, or e-mail the address listed below. You can also call 888-476-3337 between the hours of 8:30 a.m. and 4:30 p.m. eastern time Monday through Friday. If you have additional questions, please call the number listed above. (At this time, we cannot respond to questions via e-mail.) This offering is made by prospectus only. Thank You. IPO Department Charles Schwab & Co., Inc. 1958 Summit Park Place Orlando, FL 32810 E-mail: IPO.Orlando@Schwab.com (1198-0539) Member SIPC and NYSE A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. WARNING: All e-mail sent to this address will be received by the Charles Schwab & Co., Inc. corporate e-mail system and is subject to archival and review by someone other than the recipient.

To: Michael Sphar who wrote (7431)	11/7/1998 4:56:00 AM
From: B Tate	Respond to of 9980

Michael It is now 5:45 PM Sat. Nov 7 here in K.L. or 4:45 AM Sat Nov 7 in Beantown or 1:45 AM Nov 7 in San Jose. I used to follow this storm while I spent 8 years in the Mohave. Talk about clear and cloudless and NO light pollution! What are the expected dates of the shower? Hopefully it will occur on the night of Nov 20 or Nov 21 - Stitch and I will be on a 43 foot Hateras somewhere in the middle of the Similan Islands (sp?) ;-)) In the early morning hours the shark fishing is supposed to be excellent! rgds bt

To: Michael Sphar who wrote (7431)	11/7/1998 7:50:00 AM
From: Stitch	Read Replies (1) \| Respond to of 9980

Michael, re Leonid in Asia Amazing. Your post was very timely. As it happens Bernie and I are going to be in Phuket the night of the 17th. We will be boarding a 42 ft Haterras the next morning to take us to the Similan Islands for some Sail and Giant Trevally fishing. I am hoping the event will occur for us on the pre dawn of the 18th. That would be perfect as we will be far out to the Andaman Sea. Funny, I had just noticed today that we would be fishing a new moon, which is usually not the most productive time. Now I am jazzed about the chance of spotting this event. We are +8 by the way. Best, Stitch (Ack...just read Bernie's post. Sorry for the dup)