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To: John Carragher who wrote (2280)2/19/1999 9:32:00 AM
From: Gorak Shep  Respond to of 17683
 
Merrill Lynch & Co. ... is in talks to buy the online-brokerage technology unit of securities firm D.E. Shaw & Co.

D.E. Shaw is the firm that lost BankAmerica hundreds of millions of dollars last fall when it, like LTCM, was over leveraged.



To: John Carragher who wrote (2280)2/19/1999 10:17:00 AM
From: Gary M. Reed  Read Replies (1) | Respond to of 17683
 
"NEW YORK -- Merrill Lynch & Co., under pressure to compete in the
online-trading business, is in talks to buy the online-brokerage technology unit of securities firm D.E. Shaw & Co., people close to the negotiations say."

Merrill says "do as we say, not as we do."

Or maybe the slogan could be, "Don't trade online...but if you must, do it with us."


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