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CLRS Message Board

  • tex7779 tex7779 Feb 6, 2002 10:01 PM Flag

    Merrill Lynch owns 12.72 % of CLRS

    This is a repeat of my prior post responding to Slowtrader. By all indications as I read the latest SEC filing, it sure looks like ML not only owns 12.72 % but they have been adding to their position since last summer.

    It would be helpful if anyone on this board can confirm that " Fund Asset Management " of NY, NY is indeed a part of Merrill Lynch.

    If you look at the site for CLRS and SEC filings you can go back quite a bit, and you will find that on 8/8/01 Merrill Lynch did in fact file a form 13G, stating that as a whole they had as of 7/31/01 1,761,200 shares in CLRS or 11.48 % TOS.

    Similarly, the 2/5/02 posting of a SEC form 13G shows that ML now owns as of 12/31/2001 a total of 1,979,100 shares of CLRS, of which on page 3 they show that their " Master Small Cap Value Trust " hold 1,448,900 shares.

    I found this quite perplexing. But then when I looked at the second number again, that is the 1,448,900 shares, it looked remarkably like the same amount shown on the top of the list of institutional owners, that being Fund Asset
    Management also at 1,448,900. Myself, I have never heard of Fund Asset Management, so it could be part of ML in some way.

    But on a lark I looked at ML's latest number, which on the site shows them updated to 12/31/2001 as well but this time at 530,200 shares. Now here is where it gets interesting. If you add the number of shares shown for Fund Asset Management at 1,448,900 to those listed as ML only at 530,200 you get the new number shown on today's SEC filing of 1,979,100. This is either a strange coincidence, or statistically speaking, I would say that Merrill Lynch has not as a whole left the fold, rather they have been adding to their position. But I find it quite curious as to Merrill Lynch's interest in CLRS.

    What is that they know that we don't.


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    • ......Who knows maybe they are listening.Read his bio sounds good to me.But what the hell do I know, I sure have been wrong so far on this company.I haven't given up hope yet I will wait untill the 13th for the news and then reevaluate.

      Best of luck to all

      Louisville Slugger

    • What is that Merrill Lynch know that we don't.

      maybe Todd Hewlin know something too?

      Clarus Appoints Todd Hewlin to its Board of Directors

      ATLANTA, Feb. 7 /PRNewswire-FirstCall/ -- Clarus Corporation (Nasdaq: CLRS)

      today announced that Todd Hewlin has joined Clarus' board of directors. Hewlin is a managing director at The Chasm Group and brings extensive business consulting and financial experience to the Clarus board of directors.
      The Chasm Group is a consultancy founded by best-selling author Geoffrey Moore to help technology companies develop and implement strategies that create and sustain market leadership positions for their core products while building shareholder value and a sustainable competitive advantage.
      Hewlin has over 12 years of experience helping companies develop and execute winning business strategies, having served clients in enterprise software, supply chain management, supplier relationship management, and B2B e-commerce.
      ``Over the last several months, Todd has reviewed and contributed to Clarus' vision and strategic direction and it is clear that he will be a great addition to our board of directors,'' stated Steve Jeffery, president, CEO and chairman of the board at Clarus. ``Todd's experience in private equity and his successes with some of the industry's largest companies make him an excellent member of our team.''
      ``I'm delighted to join the Clarus board of directors at this most crucial time in the company's and the market's evolution,'' stated Hewlin. ``Together we plan to leverage financial control, operational efficiency and strategic evolution as we drive success in this market and value for our shareholders.''
      Prior to joining The Chasm Group, Hewlin was a senior executive at Internet Capital Group where he served as a board member and advisor to ICG's partner companies. At ICG, Hewlin worked with companies at every lifecycle stage -- seed, growth, pre-IPO, and public -- where he focused heavily on developing pragmatic technology solutions to high-ROI customer problems. Hewlin also worked closely with ICG's CEOs to put in place cost effective go- to-market strategies that fully leverage both direct sales and channel partners.
      Prior to ICG, Hewlin was a partner with McKinsey & Company, a leading management consultancy. Hewlin co-lead McKinsey's Global Electronic Commerce practice and become a core partner in the firm's Financial Services Practice. Over his years with McKinsey, Hewlin served clients in Silicon Valley, New York, Toronto, London, Amsterdam, Rome, Sydney, and Seoul.