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Non-Tech : CSFB Direct(DIR)

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To: PAFOOFNICK who wrote (400)4/2/2001 7:12:06 PM
From: Mark Rosneck  Read Replies (1) of 406
 
In this whole ugly mess, what I don't understand is:
1) Let's say that DIR just went to zero, what bad things happen to CSFB (other than more of a few of us being really upset)?
2) If CSFB buys up the shares of DIR, how does that make any money for CSFB?
3) If someone else gains control of DIR other than CSFB, what bad things happen to CSFB?

It's all probably academic but CSFB's motivation and the money trail for all of this are at least interesting.

On a side note, I really disliked the whole notion of a tracking stock but bought into DIR because CERTAINLY DIR management wouldn't do EXACTLY WHAT THEY DID to shareholders since many shareholders are also customers. I have a rather visceral reaction every time I get my statement. I guess there's a lesson to be learned here but I'm not exactly sure what it is. I just wished it weren't so doggone expensive to learn whatever it is we're in the process of learning.

Mark
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