Commodore Stock
FMR Corp., disclosed late yesterday that they had purchased 7.38% of
Commodore International stock. The disclosure is a requiremnt of law. FMR
manages a number of mutual funds, the Fidelity group of funds, and the
purchases were made for the funds, and for investment purposes. Fidelity is
a highly visible, highly respected group of funds. Peter Lynch, who manages
one of the funds, recently wrote a book entitled "One Up on Wall Street."
Since mutual funds rarely, if ever, engage in takeovers themselves, this
purchase should not be construed in a way as a precursor for a takeover
attempt.