John Orrico
John Orrico
beginning economy executives greater improves levels mergers
We're beginning to see greater levels of mergers as the economy improves and as executives that have been reticent get more comfortable with their own business.
balance drive happen problems sheet technology
We're going to see the same thing happen in technology and telecom. Balance sheet constraints and problems are going to drive a lot of consolidation.
deals large pools prices radar screens small
The prices are better on the small deals because they are off the radar screens of the large pools of capital.
deal knows
Who knows where it's going to be when the deal closes.
buying deal excited people piece stock york
People are excited that the deal will get done, and buying Archipelago stock is a backdoor way to own a piece of the New York Stock Exchange.
boston honeymoon scientific won work
The honeymoon is over. Boston Scientific won the deal, and now the work begins.
happy
You're always happy in a competitive bidding situation. And I don't think it's over yet.
deal given potential size spread surprised
I'm surprised the spread is not larger, given the size of the deal and potential regulatory issues.
deal economic flow hand market merger recovery reflect stock
Merger deal flow is going to reflect an economic recovery and stock market recovery. They go hand in hand.
among enthusiasm eventually investors measure owning piece rational reality stocks trade worth
I don't know if there's any rational way to measure what this is worth on earnings. There's a lot of speculation and a lot of enthusiasm among investors for owning a piece of the NYSE. But reality does eventually set in, and I think that all stocks eventually trade on fundamentals.
context group market negative psychology seen
In the context of a better market we would have seen the drug group rally. The negative market psychology is overwhelming.