HDTenEightyP/NetNews huggingface dataset:
From: bruce@gordian.com (Bruce Hafford)
Subject: Re: Tel-Air Communications
Reply-To: bruce@gordian.com (Bruce Hafford)
Organization: gordian.com
Date: Tue, 14 Apr 1992 16:27:08 GMT

There's an article in today's (4-14) L.A. Times about the 
scam-side of wireless cable deals, if anyone's interested...

Bruce
From: jog@kpc.com (Rajeev Jog)
Newsgroups: misc.invest
Subject: Re: Long term index options
Date: 9 Apr 92 01:00:57 GMT
Article-I.D.: kpc.jog.702781257
Distribution: usa
Organization: Kubota Pacific Computers Inc.

tucker@shiva.edsg.hac.com (George Tucker) writes:

>Every week in Barron's there are listings for long-term index options
>(LSW for S&P500 Dec. 93, etc.).  My broker (Waterhouse) says they don't
>exist.  Who is right?


>	George Tucker        tucker@kali.hac.com
>		Just say NO to incumbents.

Barron's; the WSJ has them too.  I tried to get PBS to give me quotes on
them, but they didn't know much about them, and couldn't get the quote
unless I gave them the symbol.  

I posted to this newsgroup previously, but nobody responded.  Does
anyone know the symbols for long-term options for the following
indexes: S&P 100, S&P 500, Major Market Index.

-- 
Rajeev Jog
------------------------------------------------------------------------------
Kubota Pacific Computer Inc.                                   +1 408 987 3332
2630 Walsh Avenue, Santa Clara, CA. 95051-0905, USA.               jog@kpc.com
Newsgroups: misc.invest
From: cjkuo@locus.com (Chengi Jimmy Kuo)
Subject: Re: United Way, were our money goes...
Organization: Locus Computing Corporation, Los Angeles, California
Date: Tue, 07 Apr 1992 08:24:49 GMT

mdefelic@digi.lonestar.org (Mitch DeFelice) writes:

[United Way excesses deleted]

Take this somewhere else.  If you're "investing" in the United Way,
you deserve what you get.

Jimmy Kuo
-- 
cjkuo@locus.com
"The correct answer to an either/or question is both!"
Newsgroups: misc.invest
From: dow@nova2.stanford.edu (Keith Dow)
Subject: Re: Yeeee Hiiiiiiiii
Organization: Stanford University
Distribution: usa
Date: Wed, 15 Apr 1992 01:45:52 GMT

>>  I believe the movie you are thinking of is _Dr. Strangelove, Or how i
>>learned to stop worrying and love the bomb_.
>
>     Nope; the movie you are thinking of is Fail Safe.

The first answer is correct.






Newsgroups: misc.invest
From: stgprao@xing.unocal.com (Richard Ottolini)
Subject: Re: Which companies will sell you their stock directly?
Originator: stgprao@xing
Organization: Unocal Corporation, Anaheim, California
Date: Thu, 9 Apr 1992 15:11:07 GMT

In article <1992Apr9.075922.24384@CSD-NewsHost.Stanford.EDU> rdz@sail.stanford.edu (Ramin Zabih) writes:
>I heard recently that Exxon has started a program where you can buy
>shares from the company directly, without brokerage fees, in very
>small amounts.  This sounds like an ideal setup for anyone curious
>about dollar-cost averaging, for example.  Does anyone know of any
>other companies that provide this (or similar) services?

Depends on the liquidity you want.
It would take a week or so to buy or sell this way.
Fine for those with long term holdings, but not for speculators who want
a transaction done in an hour.  Thats what brokers are for.
From: dans@rehab1.UUCP (Dan Schein)
Newsgroups: misc.invest
Subject: Re: Buying stock without a broker(DRIP)
Summary: Revised list (more & new format)
Date: 16 Apr 92 12:18:25 GMT
Reply-To: dans@rehab1.UUCP (Dan Schein)
Distribution: usa
Organization: Reading Rehab Hospital, Reading PA


 Below is a revised list of companies that have DRIP (Dividend Reinvestment
 Program).

  Name of Issue		Ticker	Phone (if known)
  ==============================================
  PepsiCo Inc		(PEP)	1-800-433-2652
  Texaco Inc		(TX)	1-800-283-9785
  Citicorp		(CCI)
  CMS Energy		(CMS)
  Exxon Corp		(XON)	1-800-252-1800
  Berkshire Gas		(BGAS)
  Penna Power & Light	(PPL)

 The above details (name & ticker) are as recorded in S&P Stock Guide.

 -Dan
-- 
 E-Mail:  dans@rehab1.uucp  OR  ...{uunet,allegra,rutgers}!cbmvax!rehab1!dans

 US Mail: Reading Rehabilitation Hospital      _/\_      Those who worked the
          Dan Schein - Information Systems    \    /    hardest, are the last
          RD 1 Box 250                        /_  _\    to surrender.
          Reading, PA 19607                     \/         -= Gary Ward =-
From: gadi@cs.uiuc.edu (Gadi Friedman)
Newsgroups: misc.invest
Subject: Re: Tel-Air Communications
Date: 14 Apr 92 21:08:00 GMT
Article-I.D.: m.1992Apr14.210800.3606
Reply-To: gadi@cs.uiuc.edu
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL

Stolen from Clarinet:  I only inlcuded the important paragraphs of
the article.  I don't want to hear about posting copywrited clarinet
material.
------------------------------------------------------------------

	SPRINGFIELD, Ill. (UPI) - The nation's fastest growing get-rich-quick
scam is ``wireless cable'' television investments, Illinois Secretary of
State George Ryan said Tuesday.
....
	The get-rich-quick schemes typically promise to help investors
participate in a Federal Communications Commission lottery for wireless
cable licenses. While the FCC has legitimately been issuing the licenses
since 1983, lottery scams are relatively new, said Ryan, whose office
regulates securities sales in Illinois. 
....
	Illinois is among 18 states in which regulatory action has been taken
against firms which promise assistenace in preparing FCC applications.
In one out-of-state case, a telemarketing firm indicated that a $5,000
investment would result in first-year income of up to $30,000.
....
	Ryan's office took action last month against two companies operating
in Illinois, KYMO Microwave Systems of Phoenix, Ariz., and National
Micro Vision Systems Inc. of Irvine, Calif.
....
	``The FCC has been granting licenses for nine years, but fewer than
170 of the cable systems nationwide are actually up and running,'' he
said.
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Newsgroups: misc.invest
Subject: Re: Closed-End Fund Questions
Date: 15 Apr 92 13:15:39 GMT
Distribution: usa
Organization: University of Wisconsin Physical Sciences Lab

In article <1992Apr14.195511.12398@unx.sas.com> cox@unx.sas.com writes:
>1. Looking at the listing in Monday's Wall Street Journal, some funds
>seem to be traded way over Net Asset Value and some way under.  For
>example, Gemini II Capital's Stock Price is 12 3/4 but its net asset
>value is $16.63 (or 23.33% below net asset value).  Gemini II Income's
>Stock Price is 13 5/8 while its net asset value is only $9.52 (or 43.12%
>above net asset value).  Am I missing something or shouldn't closed
>end funds be trading very close to their net asset value?
>Otherwise, why would anyone ever buy a fund way over its net asset value,
>and why would anybody ever buy a regular mutual fund when they could get
>one at almost a 25% discount?

Gemini II owns common and preferred stock which pays dividends. The
Income Fund gets all the dividends on the total asset value of the fund,
and when the fund breaks up, will receive about $10/sh from the asset
value of the fund. The fund will break up, by charter, in 1997 (I
think). The Capital Fund in 1997 receives all of the assets above $10/sh
at break-up. So the actual NAV of the entire fund is $26.15 and the
total fund trades for 26 3/8 - or about at NAV. The Income Fund acts
like a bond - it has $2.60 of stock behind each $1 that it will be worth
at "maturity". However, unlike a bond, dividends tend to rise, and as
the NAV increases, Gemini will be able to hold more income-producing
stock behind each $1 of Income Fund assets, so total payout will rise
with time. About a month or so I calculated that assuming 5% increase in
payout per year, the yield to maturity of the income fund was between 6
and 7% (I don't remember the exact figure anymore).

Quest for Value is another dual purpose fund which must be analyzed the
same way. 

>
>
>2. Do you get prospecti for these funds the same way you do for open-ended
>funds?  How do you obtain said prospecti (i.e. phone numbers for funds
>do not appear to be as easy to obtain).
>

See phone number in Value Line or S&P stock reports. Broker should be
able to help you. You must buy these through a broker.
>
>3. Will discount brokers trade in these funds?  Is it just like buying
>regularly listed stocks?

Yes. Most of them trade on exchanges, a few trade OTC.
>
>
>4. Can you normally get automatic dividend reinvestment in these funds,
>or must you always reinvest said dividends by broker?

Almost all of these funds support automatic dividend reinvestment. I
learned about these funds from a recent book published on Closed End
Funds, which I bought in a bookstore (I don't remember the author). I
haven't bought any because the discounts are historically small right
now. If you can buy closed-ends at steep discounts (which appear after a
market drop), you can substantially increase your overall returns
compared to open-end funds (so the book said).

Don Katz
dkatz@psl.wisc.edu
Newsgroups: misc.invest
From: mdefelic@digi.lonestar.org (Mitch DeFelice)
Subject: United Way, were our money goes...
Organization: DSC Communications, Plano Tx.
Date: Mon, 6 Apr 1992 19:35:21 GMT

There was an article in Saturday's (4-4-92) Dallas Morning News,
reporting ex-United Way's ousted president William Aramony lavish 
spending.

Where your money went:

   o  From 1988 through 1991, United Way spent more than $92,265 for
      limousine services for Aramony.

   o  From 1987 through 1990, United Way spent at least $40,762 for
      airfare on the Concorde for Aramony or others flying with him.

   o  From 1988 through 1990, United Way spent more than $33,650 on 
      Aramony for airfare to or through Gainesville, Fla.  There is
      no record of United Way business in Gainesville during this time
      period.

   o  From 1988 through 1991, United Way spent more than $19,700 for
      meals, entertainment expenses, gifts, clothes, flowers, purchases
      from mail-order catalogs and golf equipment purchased by Aramony.

   o  From 1988 through 1990, United Way spent more than $37,894 on at 
      least 29 trips to Las Vegas for Aramony and others.

   o  From 1987 through 1991, United Way spent more than $72,509 on
      international airfare for Aramony, his wife and others.  Hotel
      bills and other expenses totaled more than $58,943.  Destinations
      included England, France, Norway, Turkey, Germany, Russia and Italy.


United Way, what a concept!




-- 
---------------------------------------------------------
Mitch De Felice                   
DSC Communications Plano, Tx.
EMAIL: mdefelic@digi.lonestar.org or !uunet!digi!mdefelic
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: feasibility and costs and methods of transfer
Date: 16 Apr 92 04:46:05 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest

rlcarr@athena.mit.edu (Richard L. Carreiro) writes:
|Me and some friends would like to buy some shares of the Celtics
|(BOS: NYSE) to have as souvenirs.  Now, we could of course just
|each buy shares, but the commissions would be an insane percentage
|for such small orders.
|
|So, couyld we pool our money, have one person buy a block of shares,
|and then sell shares to the rest of us?  How would the transfer from
|him to us be done?  How is it handled for tax purposes?  Will transfer
|agents charge for such things?  How much?  When trhe person doing the
|initial buy takes delivery from his broker, what if he gets a single
|certificate for 50 shares --- how can he transfer say, only 20 shares
|and keep 30 for himself?  WIll transfer agents "split" a certificate?
|Or can he tell his broker what "denominations" to register the shares in 
|when he takes delivery?

With a normal stock, you can buy the shares, get the certificate(s),
and then sell privately to the rest.  You should probably draw up
bills of sale for tax records.  If the sale is other than at the
prevailing market value, then you may have to hassle with gift tax
or something like that.

Transferring the certificate means sending it directly to the transfer
agent with the back filled in (or a stock power form).  Signature of
the seller needs to be guaranteed by a commercial bank or NYSE member
brokerage firm.  No charge by the transfer agent.  They will usually
"make change".

Boston Celtics is a limited partnership, so there may be differences
between it and a normal stock.
From: v070km6q@ubvmsd.cc.buffalo.edu (John B Schutkeker)
Newsgroups: misc.invest
Subject: wanted: name of promising new drug
Date: 16 Apr 92 19:25:00 GMT
Organization: University at Buffalo
News-Software: VAX/VMS VNEWS 1.41

I heard a news story on NPR radio recently that suggested an investment with
what seems to me to be a substantial potential, but I've forgotten some of
the most important details.  I wonder if anybody can help me out by providing
them.

Apparently, a promising anti-cancer drug, which has heretofore been quite rare
may soon increase greatly in availability, as a result of genetic engineering
for its production.  I can't remember the name of the drug, and I was hoping
somebody else might.  I think it's something like "tyramidine" or "toranide"
or something like that.  I need to know the name so I can begin to research
the drug to find out which companies make/will make it so that I can invest
in them.  The drug, as it is used now, can only be extracted from the bark
of a tree (which one, I also forgot), so it is too expensive for widespread
use, but that may change before too long.

Can anybody help me out with the name of this drug, and maybe which companies
are working on genetically engineering it for mass production?  It seems like
a superb potential investment, to me.

						-- John Schutkeker
Newsgroups: misc.invest
From: rot@mickie.id.macsch.com (Rohit Thukral)
Subject: S&P 500
Originator: rot@mickie.id.macsch.com
Organization: MacNeal-Schwendler Corp., Los Angeles
Distribution: usa
Date: Mon, 6 Apr 92 22:32:14 GMT


Can someone tell me the value of the S&P 500 index
on August 1, 1991 and January 31, 1992?

I need the info to compare the return on my 401(K)
with the S&P 500 for the last reported period.

Thanks

Rohit

P.S. If there is a FTP site that keeps such historical data
     I'd like to know that too.
-- 
#include <StdDisclaimer.h>
From: moore@berlioz.nsc.com (Joseph Moore)
Newsgroups: misc.invest
Subject: Re: AMD
Date: 10 Apr 92 20:33:05 GMT
Organization: National Semiconductor Corporation

>The WSJ had a short article on AMD yesterday.  It mentioned the fact
>that the Wall Street analysts questioned the company's ability to
>maintain those earnings.  It also mentioned thef fact that AMD does
>not have the 486 chips in the market (yet) and there is no strong
>indications that AMD will be successful in coming up with the 486s.
>BTW, I went to Price Club yesterday and saw DELL i486SX/25MHz with
>super VGA, 80 Meg H/D, etc ...etc for less than $2,000.  Note that
>DELL uses the Intel chip (i486) .... I am just wondering how much
>cheaper could AMD make this chips?
Last I heard, the Intel 486's were going for $300 or so (more than their
weight in gold), and Cyrix just announced a 486 at $120 (I don't know 
how close to production Cyrix is).  So apparently there is room for
the price to come down.


Joe Moore
(my opinion, National Semiconductor has nothing to do with it).
From: reg@sdchemw2.ucsd.edu (Richard E. Gillilan)
Newsgroups: misc.invest
Subject: Re: Correction is now
Date: 8 Apr 92 21:35:04 GMT
Article-I.D.: network.rvou8INN8vc
Distribution: usa
Organization: UC San Diego Chemistry
NNTP-Posting-Host: sdchemw2.ucsd.edu

In article <1992Apr8.185928.17778@aio.jsc.nasa.gov> pettengi@ial1.jsc.nasa.gov (James B. Pettengill) writes:
>The Dow was down 60 points on 4/7/92.
>As of lunch time on 4/8/92, the Dow was down another 30 points and
>the Nikkie was around 17125 and falling.
>
>
>Is it time to celebrate yet?   (For those of you who are cash liquid)
>Or is it time to cry?          (For those who gambled and rolled craps)
>
>Any comments?

I was thinking the same but it's got to come down more dramatically
than that. Perhaps those program trading safeguards, which were set off
yesterday according to NBR, will slow the decent.

I understand that Fidelity now allows short selling for several of its
sector funds, does anyone know the details? might be a good time to try
it out.


----------------------
Richard Gillilan, UCSD
From: hfzhang@bsu-cs.bsu.edu (Hongfei Zhang)
Newsgroups: misc.invest
Subject: Re: Tel-Air Communications
Date: 14 Apr 92 13:45:05 GMT
Article-I.D.: bsu-cs.1344
Organization: Dept of CS Ball State University Muncie In


>Tel-Air has this scheme in which they (claim to) gather 40 people with $7000
>each and apply for FCC MMDS (Multichannel Multipoint Distribution Service)
>licenses in a given area for each of the people.  These MMDS licenses enable
>them to build a so-called "wireless cable" system in the area.  The 7K is
>.................

Well, I received two soliciting calls from two firms, Amer. Microtel
and Tel-Air(may be?).  Both said the same thing about how they
get engineering firms together  to apply for wireless cable licence
by forming an alliance. In case a lottery is necessary, 
you are surely to win, just like when two persons know one of them
is going to win a jackpot in a lottery and they decided to form
an alliance to share the profit.  What's now the catch?
I am not sure, but I can tell you what I feel.  
There are so many firms solicting clients on this so there must be
at least two alliance in the same area applying for the same license.
Unless you can get those firms lined up together, your chance
to get license is small.

I am just telling what I am feeling, assuming it is a legitimate
business.  It's also possible that it's a scam.  Who knows?
Newsgroups: misc.invest
From: brody@eos.arc.nasa.gov (Adam R. Brody )
Subject: Re: Buying stock without a broker(DRIP)
Organization: NASA Ames Research Center
Distribution: usa
Date: Tue, 14 Apr 1992 22:25:11 GMT

kev@osf.org (Kevin Till) writes:

>Below are three companies that have DRIP (Dividend Reinvestment Program)

>	Pepsi	1-800-433-2652
>	Exxon	1-800-252-1800
>	Texaco	1-800-283-9785

>Please continue adding company to the list.

Citicorp
CMSEng
From: root@sickbay.austin.ibm.com
Newsgroups: misc.invest
Subject: I WAS WRONG !
Date: 15 Apr 92 16:14:05 GMT
Organization: IBM, Austin

>Waterhouse IS a discount broker.  Not all discount (or other) brokers
>trade all kinds of securities.
 I stand corrected !! However, many discount commodity brokers and I suspect
 stock brokers do some soft selling, check them out !
 Cheers andras (contractor/trader)
From: proto@sparc61.hri.com (Rich Proto)
Newsgroups: misc.invest
Subject: Schwab`s Equalizer
Date: 10 Apr 92 14:08:12 GMT
Reply-To: proto@sparc61.hri.com (Rich Proto)
Organization: Horizon Research, Inc.

Is anyone familiar with the Equalizer program from Charles Schwab who
can comment
on it? 

------------------------------------------------------------------------------
Rich Proto             |   INET: proto@hri.com  | 
Horizon Research       |Message: (617) 466-8300 |
1432 Main St.,         |  Voice: (617) 466-8321 |
Waltham MA 02154-1652  |    FAX: (617) 466-8323 |
------------------------------------------------------------------------------
From: dandb+@andrew.cmu.edu (Dean Rubine)
Newsgroups: misc.invest
Subject: Tel-Air Communications
Date: 9 Apr 92 17:06:02 GMT
Organization: Information Technology Center, Carnegie Mellon, Pittsburgh, PA

Anybody out there have anything to say about Tel-Air Communications, Inc?
Tel-Air has this scheme in which they (claim to) gather 40 people with $7000
each and apply for FCC MMDS (Multichannel Multipoint Distribution Service)
licenses in a given area for each of the people.  These MMDS licenses enable
them to build a so-called "wireless cable" system in the area.  The 7K is
nominally a fee that they use to buy engineering services, FCC filing fees, and
so on, which are used to prepare and file the applications.  They claim to have
a strategy which minimizes the risk that people besides their 40 apply for a
license in a given area, and, though they cannot guarantee it, they
encourage the 40 people to join an alliance so that even though only one
of them gets the license, they all share the profits.

The actual profits come from the building and marketing of a wireless cable
system.  I could go into more detail based on all the material they've sent me,
but I'll stop here to solicit comments, positive or negative, on Tel-Air
and their scheme.  

Note: I first saw this on a late night program-length commercial, which of
course raises my suspicion that they're a scam.  Nonetheless, they COULD
be on the level, and the potential return on inventment seems impressive
enough to warrant checking into.
From: syed@hpcc01.corp.hp.com (Tanwir Syed-Mohammad)
Date: Thu, 9 Apr 1992 22:29:25 GMT
Subject: Re: AMD
Organization: the HP Corporate notes server
Newsgroups: misc.invest

I believe Smith-Barney upgraded the earning estimate to $3.50 and issued
a buy recomendation, but AMD's stock price is not reflecting that.  I 
cannot find a logical answer to this.

Tanwir Syed
From: alex@teda.Teradyne.COM (Alexander Massoud)
Newsgroups: misc.invest
Subject: FAILURE GROUP (FAIL OTC)
Summary: Any news on FAIL
Keywords: FAIL (OTC)
Date: 16 Apr 92 16:16:09 GMT


Hi everyone.
Any one has news on FAILURE GROUP (FAIL) ? Looks like the stock
went down from $16 a couple a month ago to $7 3/4 today .
The daily volume of the shares seems to be unconsistent : one day
the share will go up $1/2 on a volume of 100000 the next day it
will go down $3/4 on just 10000 shares. Also the bid and ask price
have a $3/4 difference ( I am used to 1/8 to 3/8 )

Thanks in advance for your replies .
Alex (alex@paradise.EDA.Teradyne.COM).
From: jprice@eecs.cs.pdx.edu (James Price)
Newsgroups: misc.invest
Subject: Re: ARM Mutual Funds
Date: 12 Apr 92 17:09:06 GMT
Article-I.D.: pdxgate.5310
Organization: Portland State University, Portland, OR

In article <kuf0f2INNp8a@nunki.usc.edu> merrill@nunki.usc.edu (AstroNut) writes:
>I have recieved some brochures about a new fund the Company 
>I deal with is creating, the T.Row Price ARM fund.  This fund would
>invest in ARM  (Adjustable Rate Mortgages) in an effort to return better rates
>than todays paltry Money Market Funds.  My question is this:
>
>Naturally when interest rates rise almost all type of Bond Fund's principle
>get hammered because the value of their bonds drop.  With an ARM fund however
>this should be lessened dramatically because the ARM contracts in which the
>fund invest in will also go up as well (albiet at not the same rate) 
>I have even heard that an ARM fund's price will even go UP during times of 
>rising interest rates.  Can anyone confirm or deny this claim?  
>
>Basically I'm looking for a safe place (non stock, commodity) to plant money
>in a period whem I'm sure that interest rates are going to remain flat
>or go up.  If an ARM fund is a good spot, or you know of any other instrument
>which would prevent me from losing my principle in periods of rising rates,
>please respond
>
>
>Greg Merrill
>merrill@aludra.usc.edu

  OK, I admit i don't know a damned thing about ARM funds. Not really anyway.
But I got a piece of junk-mail recently, the type that has the look and feel
of an investment mag but is essentially nothing but promises and not one
shread of real hard data. This one was from "New England Guru Richard Band".
Anyway, in it he teases about an unnamed:
"...unique mutual fund that invests in ARMS...This unique mutual fund is
rated triple-A by Standard&Poors...offered by a major mutual fund family."
He goes on and on about its safety and yield being so high...

Let me guess, could it be the T.Row Price ARM fund?! :)

I am fairly certain that Benham also offers an ARM fund, they are
always advertising it on CNBC. Unfortunately, I think its a load fund.
But dont take my word for it...

James
Net: jprice@jove.cs.pdx.edu       "Justice is incidental to law and order."
Globe: 45 31 25 N 122 40 30 W                          - J. Edgar Hoover
Unity not uniformity | NBC = GE   "Reading musses up my mind." - Henry Ford
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA