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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Nandu who wrote (4091)	4/21/1999 1:20:00 PM
From: Mohan Marette	Respond to of 12475

I was just going to post it,you beat me to it.Interesting developments.

To: Nandu who wrote (4091)	4/21/1999 9:35:00 PM
From: Mohan Marette	Respond to of 12475

President sees the numbers- Sonia 272, BJP 270. Thursday, April 22, 1999 President sees the numbers -- Sonia, 272; BJP, 270 B S Nagaraj -------------------------------------------------------------------------------- NEW DELHI, April 21: Samajwadi Party leader Mulayam Singh Yadav made a last-ditch attempt to stall the formation of a Sonia-led minority government by floating the name of West Bengal Chief Minister Jyoti Basu as an alternative Prime Minister. But his ploy failed after Basu himself, the CPM and the Congress rejected his proposal outright, leaving him with only two options: To come around to accepting Sonia Gandhi or face a mid-term poll. Earlier, at a two-hour meeting of Opposition leaders held at Mulayam's initiative, AIADMK leader J Jayalalitha and RJD chief Laloo Prasad Yadav were deputed to meet Congress president Sonia Gandhi and convey to her the proposal to field Basu for premiership. Though Mulayam's aide Amar Singh told reporters that the Basu proposal was a consensus decision, an hour later Laloo rubbished the claim of a consensus. ''No decision has been taken in this regard,'' he said. He even said that a lot of precious time had been wasted and now ''it is time for us to sit down and take adecision fast.'' The two contradictory statements brought into the open the differences in the so-called joint approach of the Rashtriya Loktantrik Morcha of Laloo and Mulayam. Laloo had a separate meeting with CPI(M) general secretary Harkishen Singh Surjeet. Adding to the Opposition's woes was the outright rejection of the proposal by the CPI(M) and the CPI and by Basu himself. In fact, Surjeet who has been pushing for a minority Congress government supported from the outside by the other secular parties even threatened to walk out of the meeting over the Basu proposal. A serious-looking Basu who yesterday claimed that he was not a candidate for premiership and even conveyed his unwillingness to Sonia Gandhi, refused to talk to waiting reporters. There is also a view that the proposal to float Basu's name for prime ministership is a ploy to placate the trenchant critics of the Congress, the RSP and Forward Bloc who between them have seven Lok Sabha members, a number which could make or break analternative government. Now that Basu himself has rejected the move, it is being said that the two parties would be forced to fall in line and in the end support a Congress government. All the leaders stuck to the respective stands of their parties with the SP, RSP represented by Abani Roy and the Forward Bloc by Debabrata Biswas ruling out support to a Congress government. Surjeet's CPI counterpart A B Bardhan also attended the meeting, apart from three former prime ministers Chandra Shekhar, H D Deve Gowda and I K Gujral.Mulayam had earlier in the day told Lok Shakti chief Ramakrishna Hegde who spoke to him on the telephone that there was no question of his party supporting the Congress. Demanding a ''common minimum programme'' from the Congress, he said a new government would have to clarify its stand on communalism, social justice, economic and agriculture policies, besides matters like the Women's Reservation Bill, Patents Law and Article 370. He also deputed Amar Singh to President K R Narayananwith a letter saying that the SP was yet to decide on backing a Congress government. expressindia.com

To: Nandu who wrote (4091)	4/22/1999 12:18:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

W.R. Hambrecht + Co. is pleased to announce that Salon.com is planning to go public. Anil: I got this thing in the email today, you having a go at it.I don't think I care too much for this open IPO biz for some reason,you? ========================= The offering is being underwritten by W.R. Hambrecht + Co. through our proprietary OpenIPO system. This will allow investors to participate in the pricing and allocation of the IPO shares. To find out more, visit the Briefing Center at openipo.com. To bid in the OpenIPO auction, you need to have an account at W.R. Hambrecht + Co.or a brokerage firm that participates in the OpenIPO Network. Please note that it may take two or three weeks to open a new account. IMPORTANT DETAILS: The issuer: Salon.com Description of the company: Salon.com is a leading Internet media company that produces a network of ten subject-specific, demographically-targeted Web sites and a variety of online communities designed to attract premium Internet advertisers and electronic commerce partners. The security: Common Stock Expected Size of Offering: 2,500,000 shares of Common Stock. This represents new financing and all shares are being offered by the Company. Expected Price Range: $10.50 to $13.50 per share Expected Symbol: SALN Lead Managing Underwriter: W.R. Hambrecht + Co. Co-Manager: Daiwa Securities America Inc. This announcement is neither an offer to sell nor solicitation of an offer to buy any of the securities. The offering is made only by the prospectus. Copies of the preliminary prospectus may be obtained from W.R. Hambrecht + Co.: 1) at openipo.com; 2) by contacting W.R. Hambrecht + Co. in writing at 550 Fifteenth Street, San Francisco, CA 94103; 3) by calling toll free 1-877-673-6476.