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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: marquis103 who wrote (50428)	2/28/1999 10:08:00 AM
From: Lynn	Read Replies (1) \| Respond to of 97611

Russ, reflecting on what you write and El said, ML might have been getting their big clients out and some brokers might have been getting their favorite clients out [people who bring them the most commissions], but I don't think their average little guy customer had a clue. I am basis my statement on my own experience as a ML customer and the telephone calls I have received from friends since CPQ sank Friday. The last time I spoke with my ML broker, Tuesday afternoon, we were talking about CPQ. Considering I am his first client to ever buy shares of CPQ [and, as he found out later, the first person serviced by that entire branch] and that we talk about what CPQ is doing quite frequently, I should have expected him to pick up the phone and let me know if something was developing [on the ML side] before Friday. He didn't and my jaw dropped like every other CPQ shareholder Friday. I am not arguing with your position or saying you are wrong. I am starting to think that if the position taken by you and El is correct, it is correct for one level of ML and their clients. First thing Monday morning I am going to call my ML broker and ask if he received any word from ML higher-ups Wednesday or Thursday suggesting it was a good time to temporarily get out of CPQ. I am also going to ask a few friends, who have different ML brokers, to do some digging. Lynn

To: marquis103 who wrote (50428)	2/28/1999 12:16:00 PM
From: Pruguy	Respond to of 97611

one point I think you are missing is that the news came out in a research report written for their clients......I assure there is not a scenario that has any salesman or manager selling stock because they know that there analyst will publish a public report the next day. Believe it or not, everyone who is merryls client, got the information friday morning at the earliest....It is concievable though that the cpq execs were letting the cat out of the bag to all that called or were rellevant to cpq on thursday, and the managers that don't sell their research knew what was to be published by the research houses. i suspect that is a likely scenario