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Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF) -- Ignore unavailable to you. Want to Upgrade?

To: Link Lady who wrote (1427)	2/4/1999 11:26:00 PM
From: Charles Skeen	Read Replies (1) \| Respond to of 1606

Wendy, A 13-G form is merely a statement of ownership that is required to be filed with the SEC if ownership has gone over certain percentages, such as 5% or 10%. The Wisconsin Investment Board has been a holder of Plaintree for some time, dating back to when Plaintree sold at a "respectable" price. As I understand it, this pension fund has holdings in a large number of relatively small and presumably risky companies but I suppose that the theory is that there is safety in numbers. The 13-G filed by Wisconsin a year ago showed the same number of shares, so essentially there has been no change. There is another large investment manager that files 13-G's on Plaintree, namely, Wellington. However, I understand that Wellington has dumped a lot of its Plaintree shares and that they were the big sellers when the price ran up over 2 some months ago. (I have not checked the Edgar filings for Plaintree as my browser is rather slow tonight. If you do, you may find that Wellington is not filing this year as their holdings have gone under 5%.) So this is NO news, and in this case, NO news is NOT good news, IMO. (We need a deal, soon!) Charlie.