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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (3057)	1/12/1999 8:39:00 PM
From: Mr_X	Read Replies (1) \| Respond to of 5102

A very good example, indeed. While the discount is even wider than MALL/UBID, I think both are rational. You can not borrow either DRIV or UBID shares, therefore their is no arbitrage to lock in- I check the borrow each day on both. To buy either TSQD or MALL gets you the underlying stocks at a discount, but is even a 50% or 80% discount enough in these cases? I think not. But in any event, anyone who likes UBID or DRIV at these prices would clearly be better off owning the parent stocks, particularly in MALL's case where they are on record as intending to distribute via dividend the balance of their UBID shares. TSQD has made no such statement to date.