HDTenEightyP/NetNews huggingface dataset:
From: mccabe@gdls.CSCTMD.COM (Harold McCabe)
Subject: Bankruptcy 1995, Interest Rates
Keywords: interest rates to rise in '93?, thoughts on Figgie's book
Organization: Computer Sciences Corp. @ General Dynamics
Distribution: usa
Date: Mon, 28 Dec 1992 17:52:37 GMT

I purchased and read Figgie's book Bankruptcy 1995 over the holiday.  Here's
what I remember:

   1. This is not technical, heavy reading.  Not intended to be.  It is
   intended to popularize what Figgie believes is a looming, significant
   problem:  the US national debt.

   2. He blames both elected politicians and their constituencies for the
   debt problem.  Voters because they think they can get something for
   nothing ("Gimme government programs now, who cares who pays?");
   elected politicians because they have bowed to the wants of their
   constituencies instead of doing what is fiscally sound ("Close the
   base in the other guy's district, not mine!").  Figgie doesn't attempt
   to trace the problem back any further.  IMO, the problem can be traced
   back further to a general moral decline in the USA which is traceable to
   the general secularization of our society.

   3. Figgie believes that when foreign holders of US Federal debt begin to
   have doubts about the ability of the government to repay, they will
   panic and a wholesale dumping of US dollars and debt denominated in
   dollars will follow.  I don't know how probable this is.  It seems the
   amount of US Federal debt held by foreigners is not a large % of the
   debt.  At any rate, even if some holders were spooked -- raising the
   rate of return for holders ought to bring out more money.

   4. Figgie believes that there is time to address the debt problem.  I am
   not as optimistic as he is (and he is not exactly bubbling over with
   optimism!).  I think it is already too late.  The debt problem
   is not likely to be fixed until the underlying causes are addressed.

   5. Unrelated note:   I heard on the news this morning that the November
   meeting of the Federal Reserver governors included plans to decrease the
   money supply in 1993.  If true, this could indicate rising interest rates.

Harold McCabe
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: Free Stock Newsletter By E-mail
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Distribution: na
Date: Wed, 23 Dec 1992 16:51:36 GMT


In article <105546@bu.edu>, schin@acs.bu.edu (neil schier) writes:
>Hello
>
>I sent a message to the guy with the newsletter and a message came back to
>me stating that he was going to start charging immediately for his "free"
>service.  Great Guy! eh

Wait, the message I got (a week ago) saying he has to charge "postage"
cost because there is a big surge in subscription applications.  He
explained it costs him real dough in sending Email (campuserve) and
Uncle Sam mail.  This is quite fair to me.
Newsgroups: misc.invest
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: 401k Distribution
Organization: Tandem Computers Inc.,  Cupertino, CA
Date: Thu, 24 Dec 1992 01:04:56 GMT

In article <22DEC199208292690@lims01.lerc.nasa.gov>, vvsvdoc@lims01.lerc.nasa.gov (MICHAEL SEESE) writes:
> 
> Unfortunately, Uncle Sam has figured out a way to stop your friend from 
> doing exactly what you describe.  Under a new law, if you cash in a 401k    
> (that is to say, a check actually touches your hands) the government takes 
> 20 percent and conveniently holds it for you.  (And in fact, I believe you 
> won't get a check back -- I think they use it as income tax credit).
> 
> Further, when your friend opens his new 401k, he MUST repay the 20% out of 
> his own pocket, or face the standard taxes and penalties.  The only way to 
> avoid this happening is to either roll the 401k directly into his new 
> company's plan (perhaps his old employer will let him maintain the account 
> until he establishes the new one), or to have the money sent directly to an 
> IRA.
> 
> You've got to love that government of ours -- taxes us for using OUR OWN 
> MONEY!

IMO, this is a foolish way to "use your own money" in any case.  Why steal
from your own retirement?  I wouldn't unless it was an emergency that could
be resolved in <60 days with the (earnings - taxes) from this stunt.  I'd
say the probability of such an event is pretty low.

But...if you are intent on pursuing financial masochism, there is a way around
the new 401(k) rule.  Just do a direct transfer to an IRA, and then play this
game with the IRA.  You can do one rollover per source IRA per year without
the withholding hassle.  Same 60 day possession limit applies.

-steve p.  (opinions mine, no warranty)
From: rdictus@vnet3.vub.ac.be (Roy Dictus)
Newsgroups: misc.invest
Subject: Joker '88 -- the way to make money
Date: 2 Jan 93 19:56:24 GMT

Joker '88 is a German financial game where the risks are minimal
and the gains are incredible.  For every $96 investment you make,
you stand to gain $69,984 in profits in a six-to-eighteen month
time span.  All you have to do is find three other participants,
and the money will start rolling in!

For more information, send me a note.

Roy D., rdictus@vnet3.vub.ac.be
Newsgroups: misc.invest
From: barrett@cc.gatech.edu (James Barrett)
Subject: IRA rollover rule changes for 1993?
Reply-To: barrett@cc.gatech.edu (James Barrett)
Organization: Georgia Tech College of Computing
Date: Mon, 28 Dec 1992 20:46:05 GMT

Question:  Does the 20% holding charge for rollovers of 401(k) which
will take affect next week also affect transfers of one IRA account 
to another trustee?

Thanks,
-------------------OS/2 v2.0 -- Why settle for anything less?-----------------
James C. Barrett (barrett@cc.gatech.edu)| Atlanta Braves - 1991 and 1992   
Georgia Tech College of Computing       |    World Outdoor Baseball Champs!!
From: prichard@devon.larc.nasa.gov
Newsgroups: misc.invest
Subject: Q about "book value"
Date: 30 Dec 92 10:07:04
Organization: Lockheed Engineering & Sciences Co.
NNTP-Posting-Host: devon.larc.nasa.gov


I didn't find anything about "book value" in the FAQ.  could someone
explain this, and give some characteristic numbers?  

TIA

--
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 | Devon Prichard                       I haven't lost my mind;         |
 | Senior Gofer                         its backed up on tape somewhere.|
 | Lockheed Engineering & Sciences Co.                                  |
 | prichard@devon.larc.nasa.gov                                         |
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From: ralph@swmerc.rain.com (Ralph Merwin)
Newsgroups: misc.invest
Subject: Re: S-corp advantages and disadvantages
Date: 27 Dec 92 17:37:03 GMT
Organization: Merwin Software Services, Inc.

In article <1426500315@igc.apc.org> mcaldon@igc.apc.org (McAldon International Inc.) writes:
>
>|One thing I have heard is that one advantage you have with S- Corporation
>|is that you do not have to pay any social security tax on the net
>|dividends that are passed on to the share holders. This is difference
>|from single-proprietership where there is 15+% social security taxes.
>|Can someone verify if this is true? In the books I read, no one has
>|quoted this as an advantage of S-corp. May be I am missing something here?
>|chandra
>
>S-Corps are generally used to pass along profits or losses, not dividends,
>to shareholders.  Profits and losses from S-Corps are reported on Schedule
>E and are not subject to SS tax, just income tax.  Proprietor earnings are
>reported on Schedule C, which is subject to SS tax.  So you have a point.
>If either type of corporation pays dividends, these are not deductible to
>the corporation.  So both you and the corporation pay income tax on the 
>same money, commonly known as "double taxation."   DMcKenzie


S-Corps don't pay income taxes.  All profits are passed on to shareholders
as dividend income, which is subject to income tax but not to social
insecurity tax.  Hence, there is no "double taxation" as there is in a
C-Corp.

If the corporation also pays the owner(s) some sort of salary, the owner
will declare this as earned income and the corporation will declare the
salary as a payroll expense.

Ralph

-- 
-------- DOS Windows - The worst plague ever let loose upon humans --------
Ralph Merwin               ralph@swmerc.rain.com               503-526-8647
From: mincy@mjolnir.dev.think.com (Jeffrey Mincy)
Newsgroups: misc.invest
Subject: Re: Supercomputer picks for '93
Date: 23 Dec 92 13:01:10
Organization: Thinking Machines Corporation, Cambridge MA, USA
	<MERRITT.92Dec23120259@macro.bu.edu>
NNTP-Posting-Host: mjolnir.think.com
In-reply-to: merritt@macro.bu.edu's message of 23 Dec 92 17:02:59 GMT

In article <MERRITT.92Dec23120259@macro.bu.edu> merritt@macro.bu.edu (Sean Merritt) writes:

   From: merritt@macro.bu.edu (Sean Merritt)
   Date: 23 Dec 92 17:02:59 GMT

   In article <1992Dec21.161812.9321@netcom.com> hcb@netcom.com (H. C. Bowman) writes:

    Kendall Square Research has had a bumpy ride as an IPO. Started around
    10 went to 5 1/2 and is currently around 13. KSRC on the NASDAQ.
    There machines are massively parallel and scalable. The have a
    patented technology of "all cache" memory.

Actually KSRC is currently at 18 1/2.  An Alex. Brown & Sons analyst changed 
to a buy recommendation after KSRC annouced smaller losses and a preliminary 
marketing agreement with Siemens Nixdorf.

    Thinking Machines are still closely held. They are my pick to
    dominate or at least set the pace.

   Sean J. Merritt		         | "Every revolt is a cry of innocence    

--

-- jeff
mincy@think.com
Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: SunMicro?
Organization: Unocal Corporation
Date: Wed, 23 Dec 1992 16:24:06 GMT

They have a high-value, low-margin, low-end box.
Their high-end, high-margin boxes are low-value compared to competitors.
Therefore lower high-margin sales and lower earnings.
Newsgroups: misc.invest
From: douthit@convex.com (Ronnie Douthit)
Subject: Re: >>>>>> Supercomputer picks for '93
Date: Wed, 23 Dec 1992 22:03:17 GMT
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
X-Disclaimer: This message was written by a user at CONVEX Computer
              Corp. The opinions expressed are those of the user and
              not necessarily those of CONVEX.

stgprao@st.unocal.COM (Richard Ottolini) writes:

>In article <ssimmons.725030937@convex.convex.com> ssimmons@convex.com (Steve Simmons) writes:
>>
>But not what the stock market thinks.  Convex stock used to cycle between
>10 and 20 over the last few years like other high tech stocks, but has
>stayed below 10 since the Gulf War crash.

I don't want to get into this, "buy my company's stock we are better."  
However, since you did state something totally incorrect, I will correct
you.  The Gulf War was over long before March of 1992.

One year history:

    10.875   Jan  1991
    15.875   Feb  1991
    16.625   Mar  1991
    16.750   Apr  1991
    16.875   May  1991
    18.625   Jun  1991
    15.500   Jul  1991
    10.625   Aug  1991
    13.125   Sep  1991
    10.625   Oct  1991
    10.875   Nov  1991
     9.000   Dec  1991
    10.500   Jan  1992
    14.500   Feb  1992
    14.875   Mar  1992
    11.250   Apr  1992
     9.250   May  1992
     9.125   Jun  1992
     7.625   Jul  1992
     6.750   Aug  1992
     5.500   Sep  1992
     5.500   Oct  1992
     7.750   Nov  1992
     7.125   Dec  1992
From: toms@ymp.esd.sgi.com (Tom Stephenson)
Newsgroups: misc.invest
Subject: Article: 28340 of misc.invest
Date: 26 Dec 92 17:28:53 GMT
Organization: Silicon Graphics, Inc.

:I am looking to invest a little money in the stock market. But I've never done
:it before nor do I have a clue as to what I need to do. I went to my local
:library and took out a few books I found on the subject, and the talk goes
over
:my head on page 1 or 2 with terms I've never heard of.

:Does anyone have any ideas on where somebody starts in the stock market? I use
:GEnie, and asked for an online Schwab application. When I got the application,
:the first thing it says is:

:"Do you want a brokerage account only"

:or

:"Brokerage account with margin trading feature"

:I can't even fill out the first question of the application! Any help would be
:appreciated. Literature, etc.

:Thanks

:Sam Lewit                 | "We shouldn't be blindly opposed to all progress.
:2550 Shattuck #73         | But we should be opposed to blind progress"
:Berkeley, Ca. 94704       | Terrapin Transit BBS 24 HR BBS Newsfeeds Free
:Internet: sam@terapin.com | 510-486-1422 3-2400  510-841-9320 HST/v32bis

The thing I think I would do in your place is to:
	1. Open a 'normal' Schwabb account at the local Schwabb office.
	2. Ask for the Mutual fund guide (they provide it free).
	3. Spend a few hours on a weekend with the survey of the listed mutual
	   funds and itemize the most important features. (Select the TYPE of
	   fund you are intrested in).
	4. Select a few funds that follow the investment strategy you have
	   selected in step 3. (Growth, Bond funds etc)
	5. Invest some volume of $$ based on the individual funds you select.
	   (You may find some comfort in selecting funds that Schwabb offers
	   with no load [commission] and provision for xfer to other funds
	   with the same provision.)

In that method, you need not spend time from every day following your
investment. (I don't have all that much invested and I STILL follow them every
day. Sometimes I feel like THEY own ME rather than the other way around...)

					Tom Stephenson
 
	    



Keywords: 
Newsgroups: misc.invest
From: larryba@polstra.uucp (Larry Barello)
Subject: Re: Novell to buy USL
Organization: Polstra & Co., Inc., Seattle, WA
Date: Mon, 28 Dec 1992 06:20:07 GMT

In article <1hcbt7INNbbm@cronkite.Central.Sun.COM> dave bernard write:
>...
>	What does NT sell for these days?
>

Last I checked $60 or so got you a CD-ROM with the entire NT development
kit, compilers, the OS all tools, tons of samples and the entire 
documentation set.  I am certain that the paper doc's cost extra.

Eat that USL...
-- 
Larry Barello			uunet!polstra!larryba
From: edb@hpgrla.gr.hp.com (Ed Beshore)
Date: Wed, 23 Dec 1992 17:10:25 GMT
Subject: Re: SunMicro?
Organization: Hewlett-Packard, Greeley, CO
Newsgroups: misc.invest

I think there is a fundamental flaw looking at MIPS as a meaningful metric.
The fact is, over 90,000,000 PC users use Intel architecture only because
the useful applications run on it.  80% of those are completely satisfied
by the performance from a 25 Mhz 386.  Cost of hardware, preservation of
investment and applications are the issues that make or break hardware
vendors in the volume markets.  By any reasonable comparison, scientific/ 
workstations is niche compared to desktop.

IMHO, Sun's best bet is to get NT running on a SPARC.  Techies can
snicker about this, but NT has the most important edges.  It is 
from Microsoft, and most people recognize and trust MS.  And most
importantly, it will run their applications, preserving their
investment in software and training.  

--------------------------------------------------------------
Edward Beshore                     
Hewlett Packard Company            Voice:       (303) 350-4826
700 71st Avenue                    FAX:         (303) 350-4675
Greeley Colorado, 80634            email: edb@hpgrla.gr.hp.com
--------------------------------------------------------------
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: Everex Systems, what's happened?
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Mon, 21 Dec 1992 20:36:59 GMT

ranck@joesbar.cc.vt.edu (Wm. L. Ranck) writes:


>Hello Folks,
>   I have noticed that Everex Systems stock has gone through the floor 
>lately.  Anybody know why?  A few years ago I thought this was a good 
>company to buy at ~$3 and it is showing a 52 week high of over $7, but
>the current price is in the $0.30 range.  Just curious what they've 
>done lately to have this sort of drop in price?

>--

I think I remember reading a news article saying they're
going bankrupt. That would probably do it.

-Larry Watanabe watanabe@cs.uiuc.edu
From: rlcarr@animato.network23.com (Rich Carreiro)
Newsgroups: misc.invest
Subject: Re: street name vs delivery
Distribution: world
X-NewsSoftware: GRn 1.16f (10.17.92) by Mike Schwartz & Michael B. Smith
Date: 27 Dec 92 20:56:26 EST
Organization: The Other Side of Life

In article <20427@ksr.com> zdenek@ksr.com (Zdenek Radouch) writes:
> I want to take over the XYZ Corp. XYZ is public and is controlled by
> an entity holding 55% of all shares. I go and buy the remaining 45%
> of all shares. I hold it in a street name so that it can be shorted.
> I subsequently short one third of my shares against the box and have
> my partner buy it. Now I own 45% of XYZ, and my partner owns 15% of XYZ.
> Together we own 60% of XYZ, the controlling entity holds only 55%
> so we can take over XYZ any time we want!

You own 45% of XYZ.  The Entity owns 55%.  You say you want to short
1/3 of your holdings against the box.  Unless the Entity is holding
its shares in street name, you can't short XYZ since there are no shares
to borrow in order to short.  And even if Entity did have shares in street
name (so that your broker could borrow them for you to short), Entity could
pull all its holdings out of its margin account at any time, forcing its broker
to call the shares in from your broker, who would immediately buy in your short
position and return the shares to Entity's broker who returns them to Entity.

-- 
Rich Carreiro                                  Home: (401)841-8514
rlcarr@animato.network23.com
uunet.uu.net!animato!rlcarr
Newsgroups: misc.invest
From: bbl7597@ritvax.isc.rit.edu
Subject: Re: IRA's and Fundwatch Online (Q)
Reply-To: bbl7597@ritvax.isc.rit.edu
Organization: Rochester Institute of Technology
Date: Thu, 31 Dec 1992 12:42:50 GMT

You would be better off to go to your local library and look at Morningstar's 
book or any other mutual funds reference. Morningstar is updated every 2 weeks
Newsgroups: misc.invest
From: sood@moon.ral.rpi.edu (Deepak Sood)
Subject: Comdisco
Organization: Rensselaer Polytechnic Institute, Troy NY
Distribution: usa
Date: Sun, 3 Jan 1993 21:44:35 GMT

Hello,

   I was wondering if anyone has any thing to say about Comdisco. The
Business Week people have listed it as one of the companies that will
have good earnings in 1993. 

Thanks,
From: mcaldon@igc.apc.org (McAldon International Inc.)
Newsgroups: misc.invest
Subject: Re: IBM Turnaround?
Date: 22 Dec 92 05:22:00 GMT
Nf-ID: #R:1992Dec14.165252.5577@ee.eng.ohi:1938026522:cdp:1426500309:000:912
Nf-From: cdp.UUCP!mcaldon    Dec 21 21:22:00 1992


|[...]
|Personally, I'm waiting for IBM to go down further.  In the 40s, but
|not likely lower than that.  Investor psychology will prevent such a
|
|Note:  T R Price recently issued a statement that said something to the
|effect of "we're looking for IBM stock to go down into the 30s" so it
|could happen.
|[...]

A guy on CNBC, who appears to be savvy (Jim Rogers) today said he
expected IBM to go up when a dividend cut is announced.  You know,
"buy on the rumor, sell on the news & vice-versa."  I'm thinking
about buying a straddle in IBM LEAPS.  Whatever IBM does long term,
staying where it is seems most unlikely.
                           
|       DMcKenzie        |      "Time is the best teacher.      |    
|    mcaldon@igc.org     |    Unfortunately, it kills all its   |
|                        |    pupils."   Hector-Louis Berlioz   |
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Newsgroups: misc.invest
From: pngai@adobe.com (Phil Ngai)
Subject: Re: AMD - what's your opinion?
Organization: Adobe Systems Incorporated
Date: Wed, 30 Dec 1992 23:30:00 GMT

In article <C01G6K.7qF@chinet.chi.il.us> koziarz@chinet.chi.il.us (Louis Koziarz) writes:
>Maybe not, but I can buy AMD FLASH chips right now, and Intel's quoting me
>at least three months before I can see quantity, if not more.  Intel 
>gambled on flash fabs and they're losing.

As an AMD shareholder I am certainly pleased to see an opportunity for
the company to make some revenue but I don't believe that this will
hurt Intel in any noticable way. Intel has a huge cash cow in the iAPX
line and in the semiconductor business that's an advantage of very
great importance. AMD has no proven ability to tap into that market on
their own, and it is becoming increasingly certain that they are now
indeed on their own.

And if Intel were not a formidable enough foe by itself, TI will
be in the market too via their Cyrix cross license. Intel will take
the high end of the market via their ability to spend on R&D and
TI will take the low end via their traditional focus on high
volume low cost manufacturing.

>I'd take the microprocessor issue as a small part of a bigger picture...

On the contrary, I think it is THE most important issue.

If you subtracted Am386 revenues, AMD would be hurting very badly.
In fact, if you look at AMD's performance between 1984 and 1991,
you can see how the company does without a copy of an Intel product
in their porfolio. Try stock prices < $4.

Well guess what. The 386 market is dying and Intel and TI are doing
their best to kill it. Intel is also doing their best to keep AMD out.
The last two (maybe even three) times AMD made huge amounts of money,
it was based on copying Intel products. The 386 right now, and the 286
back in 1983/84. In fact, the 286 revenues made AMD so profitable it
won a spot in some stupid book titled something like "The 100 best
companies to work for."

(this book was stupid because it gave credit for AMD's success to
things like a no layoff policy which actually cost AMD dearly later on)

Doing a 586 is a lot different than copying a 386. AMD has a lot of
smart people but most of them are fab and process type people, which
is only part of what you need for doing your own 586. Perhaps AMD
can pull it off, but do they have a track record of doing this
kind of thing?


-- 
My opinions are my own.
From: merritt@macro.bu.edu (Sean Merritt)
Newsgroups: misc.invest
Subject: Re: Supercomputer picks for '93
Date: 23 Dec 92 17:02:59 GMT
Organization: Boston University Physics Department
In-reply-to: hcb@netcom.com's message of 21 Dec 92 16:18:12 GMT

In article <1992Dec21.161812.9321@netcom.com> hcb@netcom.com (H. C. Bowman) writes:

%   While we are talking about computer manufacturers, what is the net.feeling
%   on the supercomputer market?  Is Cray Research a promising pick for '93,
%   or has Fujitsu's announcement of a parallel-vector processor in the 335
%   GFLOP range taken the wind out of Cray's sails (or sales)?  What do you
%   make of Digital's Alpha processor (to be used by Cray in '93, I believe)
%   versus IBM's approach of harnessing a team of RS/6000s together?  Who
%   are the other players in this game?  
%
%   Any and all recommendations for reading material greatly welcomed!

 Kendall Square Research has had a bumpy ride as an IPO. Started around
 10 went to 5 1/2 and is currently around 13. KSRC on the NASDAQ.
 There machines are massively parallel and scalable. The have a
 patented technology of "all cache" memory.

 Thinking Machines are still closely held. They are my pick to
 dominate or at least set the pace.

 I am from Massachusetts and biased though.

 -sjm
--
Sean J. Merritt		         | "Every revolt is a cry of innocence    
Dept of Physics Boston University|  and an appeal to the essence of being."
merritt@macro.bu.edu             | Albert Camus, The Rebel