Richard King
05-21-02, 04:24 PM
The following is from an email that I get each evening from Bigpipe.com Re Adelphia Cable:
The NY Times says Rigas family members are resisting pressure to give up their Adelphia board seats, while the WSJ reports the family is negotiating the transfer $2 billion to the company to help cover the $2.3 billion it borrowed. Salomon Smith Barney cuts its ADLAE price target to zero ---
Ouch. You don't often see a target price of Zero.
The NY Times says Rigas family members are resisting pressure to give up their Adelphia board seats, while the WSJ reports the family is negotiating the transfer $2 billion to the company to help cover the $2.3 billion it borrowed. Salomon Smith Barney cuts its ADLAE price target to zero ---
Ouch. You don't often see a target price of Zero.