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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: Wren who wrote (2605)	11/25/1998 1:07:00 PM
From: Frank	Read Replies (1) \| Respond to of 3627

Yes, does anybody have a clue, this is too strong a move given the lack of publicly disclosed news. Normally, it blip and blaps more than anything else. The only big news was sale of the software biz, and that was awhile back. The debt restructuring doesn't justify this move up, and it does look odd. I'm not a technician, but any comments at all would be appreciated.

To: Wren who wrote (2605)	11/26/1998 8:35:00 AM
From: VALUESPEC	Read Replies (1) \| Respond to of 3627

<<What is causing todays strong rise? CD has been as high as 16 5/8 today so far>> Hello Wren ! Now things are getting better :o) The immediate answer is that CD just had its bond offering which was successful. In fact, they raised more money than they initially announced. This means that we are getting close to the stock buy-back announcement (Friday or next week?). Also, as you probably know, CD has a deal to sell its software division in a decent price range. The rise does not surprise me. What always surprised me was that so-called experts were selling CD at anything near the recent low prices. I always said CD was way under-priced. It is nice to begin to see some vindication for my opinion. I have recently invested heavily in starting businesses to directly service some of the customers and people which I feel CD has not, and does not, treat properly. CD operates in profitable markets and, in my opinion, not only exploits its shareholders but also some of its customers and employees. I plan to capitalize on that. In the meantime, may CD continue to prosper ! When CD was @ $6.50, I was taking a beating. I like the recent prices much better. Even $ 20 looks in striking distance before the end of the year. CD: $ 16.75 VALUESPEC

To: Wren who wrote (2605)	11/27/1998 9:08:00 AM
From: MC	Read Replies (1) \| Respond to of 3627

Cendant (CD) is selling their software division to a paris based company, Havas S.A, a subsidiary of Vivendi S.A for $800 million in cash plus future cash contingent payments of up to approximately $200 million due through 1999. SEE SEC filings 8K dated 11/24/98. Price increase reflects sale. MC