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To: Bill Harmond who wrote (48749)	4/2/1999 5:58:00 AM
From: KeepItSimple	Respond to of 164684

It's all become a game of epic proportions, and literally the only thing that will stop the madness is when people start going to jail ala ivan boesky. From redherring.com- apparently upgrades and downgrades are issued solely based on whether someone pissed you off in the past. So much for even a shred of objectivity. (and no, I dont hold stock in any of these companies, so please, nobody bother with the "he sounds like a bitter zdnet shareholder" routine) snip On the negative side, investors saw red ink spread across ZD's profit and loss statements, and were hit with a downgrade on the parent stock by Merrill Lynch; this caused the stock (ZD) to tank $7.50 to $21.50, despite the major success of its offspring's offering. Merrill's downgrade was a delicious episode of Wall Street backstabbing, as the investment bank conveniently went bearish on Ziff-Davis on the same day as ZDNet's IPO. Merrill had been locked out of the ZDNet deal despite taking ZD public a year ago.

To: Bill Harmond who wrote (48749)	4/2/1999 2:54:00 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 164684

William... question for you, since I know you have been in a few stocks that were acquired. One stock I hold has a tender offer outstanding from Paul Allen at 90$/share. The current mkt price for the stock is 130$. Nonetheless, they sent a schedule 14D solicitation statement to all shareholders with this tender offer. Of course no one is going to take it.... the agreement is mostly intended for mgmt to sell their shares to Allen, which has already occurred. Do you know if they have to send this statement to all shareholders legally? Because it is causing confusion. Allen has already bought on the open mkt and of course when the deal was announced it propelled the stock to above 90.