HDTenEightyP/NetNews huggingface dataset:
From: clark@soldev.tti.com (Ralph Clark)
Subject: Re: 2oth Century
Organization: Transaction Technology Inc.
Distribution: misc
Date: Mon, 12 Oct 1992 07:52:32 GMT

In article <1992Oct9.204456.3319@ntmtv> behm@ntmtv.UUCP (behm) writes:
>In article <l7vz9yr@rpi.edu> sood@moon.ral.rpi.edu (Deepak Sood) writes:
>>I had invested in 20th Century Ultra at the beginning of the year.
>>The NAV was 18.40 and has dropped continuously since then. It was
>>around 14.30 the other day. 
>>
>>...
>>
>
>If you liked it at $18.40, you should love it at $14.30.  You're getting
>at least a 20% discount!
>
>Greg

Well, that's the way I look at it. I started automatic investments (they
send a draft to my checking account) of $100 on the 20th of each month
in January 1991. Results to date:

20th Century Ultra :  $2100 in, now worth $2143
 "      "    Vista :    "                 $2126
Gabelli Asset Fund :    "                 $2199

Perhaps an interesting result to those who say growth is in, and value isn't.

--- Ralph

Ralph Clark (clark@soldev.tti.com) {philabs|psivax|rutgers}!soldev!clark
From: cnguyen@oasys.dt.navy.mil (Cuong Nguyen)
Newsgroups: misc.invest
Subject: Information on Reno Air?
Date: 7 Oct 92 15:24:45 GMT
Article-I.D.: oasys.26100
Reply-To: cnguyen@oasys.dt.navy.mil (Cuong Nguyen)
Organization: Carderock Division, NSWC, Bethesda, MD

I need information on Reno Air, such as trading symbol, High/Low
price of 52 weeks, P/E ratio and any news about this company.

Thanks,
C.Q.Nguyen
From: crpresto@rs6000.cmp.ilstu.edu (Charlie Preston)
Newsgroups: misc.invest
Subject: Re: Southland
Keywords: Southland
Date: 7 Oct 92 16:55:08 GMT
Article-I.D.: rs6000.1992Oct07.165508.7977
Organization: Illinois State University

In article <c8Ck03ppa0oP00@amdahl.uts.amdahl.com> culver@uts.amdahl.com (Eric B. Culver) writes:
>Has anyone heard anything about Southland Corporation ?
>They are the company the owns all the US 7-11 Stores.
>They just recently came out of bankruptcy.
>
They recently sold some of their distribution centers to McLain, a Wal*Mart
company.

Chas
Xref: sparky misc.invest:12640 soc.culture.usa:7786
From: bradley@novell.com (Brad Soe)
Newsgroups: misc.invest,soc.culture.usa
Subject: Re: GM to file for chapter 11 Bankruptcy (at least that's the rumor!)
Date: 15 Oct 92 15:58:12 GMT
Organization: Novell Inc., San Jose, Califonia

In article <1992Oct15.015415.4826@desire.wright.edu> demon@desire.wright.edu (Stupendous Man) writes:
>In article <1992Oct13.171005.16779@novell.com>, bradley@novell.com (Brad Soe) writes:
>> In article <1992Oct9.104010.1729@falcon.aamrl.wpafb.af.mil> bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann) writes:
>>>	That's the rumor.  GM suppliers have been calling all over trying to
>>>find out if it is true.  Looking at their debt picture, one wonders.  I think
>>>another government bailout would come first, but one never knows what Clinton
>>>will say next :).  (I've conceded the election to the Slickster.)
>>>
>>>	In any event, GM looks very bad.  I'd sell ASAP, or sell short, or buy
>>>an option to sell.
>>>
>>>	Just my $0.02.
>> 
>> Where did you hear such a rumor? You should read this weeks Barrons,
>> they have a very bullish article about the big 3. I am sure they would
>> have mentioned a troubled GM. They mentioned that next year there will
>> be a big turn around in earnings for all three. 
>
>	GM did an IPO last year that raised 2.2 BILLION dollars.  It's all
>gone.  Gone.
>	They're taking a hit (loss) on almost every car they sell in the name
>of the great god of market share.  Why?  Who knows.  Their parts divisions are
>bleeding millions of dollars a day.  It's not pretty.
>
>	The news that they will sell off the parts divisions is, IMO, the first
>step.  If that doesn't work they'll sell off Oldsmobile.  If that doesn't
>work...chapter 11.

Can you tell me where you got this info? Please make references. I would
like to read about it. I am not an investor in any US auto company, just
curious.

Brad

Brad Soe
bradley@novell.com
Newsgroups: misc.invest
From: "Gary A. Woodward" <p00140@psilink.com>
Subject: Re: Getting a merchant visa account
Organization: Performance Systems Int'l
Date: Mon, 12 Oct 1992 12:35:06 GMT
X-Mailer: PSILink (3.2)

Citicorp has a product that will automatically debit your cust. 
checking, saving, or credit card account and auto. deposit the money 
into your account.  It's been used for years.  It's called electronic 
funds transfer (EFT).  The name of the product is ZapCheck. The phone # 
is 312.389.5111.  If you must have a visa/mc account try getting someone 
who already has one to let you submit your cards through their system 
for a fee.  Also be aware that mc/visa are overly consumer oriented and 
the consumer can dispute(charge back) the amount of the purchase up to 
six months.  Not a good deal if your customers are the nervous type.
good luck 
gw
Newsgroups: misc.invest
From: news@walter.bellcore.com
Subject: Re: Investment Foreclosure - Can they take personal property too?
Keywords: Foreclosure.
Reply-To: jchen@wind.UUCP (Jason Chen)
Organization: Bellcore, Morristown, NJ
Date: Tue, 13 Oct 92 01:09:56 GMT

In article <1992Oct12.160938.7282@magnus.acs.ohio-state.edu> cthorne@magnus.acs.ohio-state.edu (Charles E Thorne) writes:
>	If someone comes in above their opening bid, they will usually
>	immediately jump to whatever you owe--i.e. approx. $90,000.  This
>	doesn't cause them any cash outlay (except for the legal expenses)
>	So they now own the property with a $90,000 investment.
>
This is consistent with what I saw in the auction. The attorneys representing
the banks almost never let go below the the judgement amount. According to
a court clerk, the attorneys have an obligation to bid to the judgement to
protect the interest of their clients. 

Since most foreclosures have debts (judgement plus other obligations the
sucessful bidder must fulfill) close to its market value, rarely can you
find a worthwhile deal.
From: mcaldon@igc.apc.org (McAldon International Inc.)
Newsgroups: misc.invest
Subject: Re: Trading stock on political candidat
Date: 10 Oct 92 06:56:00 GMT
Nf-ID: #R:1992Oct9.151510.23873@ll.mit.edu:-65125956:cdp:1426500279:000:75
Nf-From: cdp.UUCP!mcaldon    Oct  9 23:56:00 1992


I believe their email address is:

        IPSM@scout-po.biz.uiowa.edu
From: GCTHORNE@idbsu.idbsu.edu ("Broward "Unbeliever" Horne")
Newsgroups: misc.invest
Subject: Re: Solid Value #718 - Irv's Commentary ( bye, Irv )
Date: 8 Oct 92 23:41:39 GMT
Article-I.D.: inet-gw-.9210082257.AA22471
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From: leona@Happy-Man.com (Leona_Troese)
Subject: Solid Value #718 -- Irving Wolfe's Commentary of late September
Followup-To: sender
Keywords: solid value commentary wolfe
Reply-To: Leona_Troese@Happy-Man.com
Organization: Happy Man Corp., Vashon Island, WA 98070-7399
Date: Thu, 8 Oct 1992 15:48:00 GMT


   < much ado about how the markets are dominated by
         special interests >

         Why should the "free market" NOT be a reflection of all
     else around us?

>Recently, there have been persistent and believable rumors that the
>federal government has actually been pushing the stock market
>around, through large-scale intervention in the futures markets.  A
>subscriber's question about them brought forth my reaction, which
>is this commentary.  I am filled with questions.

          *I'm* filled with glum satisfaction.  Government intervention.
     How pitifully predictable.

          I expect that by now Irv's Happy Face is sitting in an FBI
    dungeon, confiscated during a drug raid, because OBVIOUSLY Irv
    was on drugs when he posted such an imaginative fantasy.

>Whatever the truth of these rumors, even the appearance of such
>official misbehavior will result, in the long run, in lower stock
>beginning slowly, is likely to be very long lived: Trust, as we all
>know, is quickly lost and only slowly regained.
From: dwang@ADS.COM (David Wang)
Newsgroups: misc.invest
Subject: Re: GM to file for chapter 11 Bankruptcy (at least that's the rumor!)
Date: 13 Oct 92 22:36:03 GMT
Organization: Advanced Decision Systems, Mtn. View, CA (415)960-7300

In article <3761@master.CNA.TEK.COM> mikeq@freddy.CNA.TEK.COM (Mike Quigley) writes:
>
>Barrons is always bullish on American industry, even as it collapses.
>Witness their constant praise of Pan Am, etc.
>
>The truth is, the BIG 3 are dinosaurs propped up by government intervention
>and protection (i.e., Corporate Socialism). 
>GM may be too big for a debt-ridden government to cover forever. 
>Its bankruptcy may be tied to the ``December Surprise'' 
>expected right after the election. 

I don't know if you can lump all 3 together.  I mean FORD seems to
built decent cars.  Taurus is either #1 or #2, very close to Accord 
in popularity.  Ford's produtivity is higher than GM or Chrysler.
They have gone thru a lot of downsizing.  Their breakeven point is
lower than the other 2.

Even GM is slowly turning around.  Chrysler seems to be making
progress also.

I don't know how chrysler's financials look, but it would appear Ford
will survive as a world class producer.  GM probably will also,
although they may have to downsize significantly.  

The sky isn't going to fall!
Newsgroups: misc.invest,comp.sys.intel
From: walls@saifr00.cfsat.honeywell.com (Gerald Walls)
Subject: Re: recent microcode ruling
Organization: Honeywell Air Transport Systems Division
Date: Wed, 14 Oct 92 15:35:10 GMT

In article <1992Oct13.224157.21969@adobe.com> pngai@adobe.com (Phil Ngai) writes:
>The judge in the Intel/AMD microcode case said something
>last week that was supposedly favorable to AMD and caused
>Intel's stock to go down. What I'd like to know is, what
>did he say and what does it mean?
>
>Apparently he did not strike down the jury's finding that
>AMD did not have a right to use Intel's 287 microcode in
>their 287.  So why did Intel stock go down? How could this
>be favorable to AMD?

FWIU, the judge did three things at once:
1) refused AMD's motion for a retrial
2) refused AMD's motion for a verdict reversal
3) refused to apply the decision to any chip other than the 80287
   pending the outcome of AMD's countersuit, which could effectively
   limit Intel's victory to just stopping AMD from making 287s.

the previous decision delayed the AM486 from the 1Q 93 to June 93
while AMD writes the microcode from scratch.  of course, Intel will
probably immediatly sue and claim that the microcode is too
functionally similiar and therefore violates patents.  (this will be
of course, an exellent example of Intel using the court system to
try to maintain a monopoly by intimidation.)  the judge's ruling
raises the possibility that the chip could come back to near
schedule.

none of this will affect the AM386, which was "annointed with holy
water" by an arbitrator due to Intel's bad faith and duplicity in
an agreement with AMD.  I personally think it's very funny that
Intel is whining about a similiar situation with IBM selling processor
boards.  sauce for the gander.
Newsgroups: misc.invest
From: dmw@taurus.ece.cmu.edu (Hank Walker)
Subject: Re Will 92 Be Like 76?
Originator: dmw@taurus.ece.cmu.edu
Reply-To: dmw@ece.cmu.edu
Organization: Electrical and Computer Engineering, Carnegie Mellon
Date: Wed, 14 Oct 1992 20:27:39 GMT


In the early years of the Carter administration, the Fed reduced real interest
rates until they were negative.  Naturally this caused a tremendous increase
in the money supply since it paid to borrow money, and in turn caused a
spurt in inflation.  This couldn't last, and the Fed under Volker sharply
increased interest rates to kill the inflation, causing a recession in the
process.  It was then that I tried to get my first credit card, and banks
weren't accepting ANY new applications.

The obvious difference now is that investors still remember, hence the steep
bond yield curve.  A second obvious difference is that foreign trade is a
much higher percentage of the GNP than it was in the late 70s, and the
deficit is financed to large degree by foreign borrowing.  Given that even
most liberals give at least lip-service to deficit reduction, I don't think
there will be any major new programs passed without corresponding sources of
revenue, or transfers from other budget categories (read DoD).  One
exception might be national health insurance, since it can be argued that it
is just transfering the health care administration from companies to the
government, with the companies and individuals still paying for it through
taxes.  A second exception would be "investment" spending, such as on
education and infrastructure.  In the short term it would be inflationary,
but the long term it would be deflationary, if in fact the spending went to
activities that increased national productivity, as opposed to pork barrels.
From: yhari@uncc.edu (Yog Hari)
Newsgroups: misc.invest
Subject: Re: book recommendation
Date: 13 Oct 92 22:37:46 GMT
Reply-To: yhari@uncc.edu
Organization: University of NC at Charlotte

Get Peter Lynch's Book "One Up on Wall Street"... It will turn you into a smart
investor overnight (assuming you read the book in that time period).  Best
12 bucks I ever have spent.
Newsgroups: misc.invest,misc.taxes
From: jdavidso@teknowledge.com (Jim Davidson)
Newsgroups: misc.invest
Subject: Re: Is this the right time to get into mutual funds?
Date: 9 Oct 92 20:48:02 GMT
Organization: Cimflex Teknowledge Corporation, Knowledge Systems Division
In-reply-to: tpradeep@cs.tamu.edu's message of 7 Oct 92 17:00:55 GMT

In article <1992Oct7.170055.884@tamsun.tamu.edu> tpradeep@cs.tamu.edu (Pradeep K Tapadiya) writes:

> I am primarily interested in buying some mutual fund shares.
> My question is, with year-end so close, is there a possibility
> of dividend distributions from mutual funds this year.
> Specifically I am interested in
>   1. Fidelity Megellan (for my IRA)
>   2. 20th century growth

Two things: 

First, most mutual funds have distributions, every December.  They are
required by law to distribute their realized gains.  So, if there's been any
significant turnover in the fund (which is true for the two listed above), you
should expect a distribution.  Note that this is likely to consist more of
*capital gains* than *dividends*, since both funds specialize in growth
stocks.

Second, for your IRA, why do you care??  The only reason to worry about the
timing on the distribution is for the tax consequences.  For an IRA, this is a
no-op.

If you want to find out about an upcoming distribution for 20th Cent. Growth,
try calling Twentieth Century.

-Jim
Newsgroups: misc.invest
From: yozzo@watson.ibm.com (Ralph Yozzo)
Subject: Re: Incentives offered for using credit card - Summary
Date: Thu, 15 Oct 1992 03:16:50 GMT
Disclaimer: This posting represents the poster's views, not necessarily those of IBM
Organization: IBM T.J. Watson Research Center

Just for the record, a friend of mine has a Citibank card that
gets one American Airline Frequent Flyer mile for each dollar spent.
It usually has a $50 annual fee.  But, one year he told them he didn't
want to pay the fee and they waived it.  (I don't know how
long this will go on.)

And they would not do it for me.  (Oh, well...(sigh))


-- 
--
 Ralph Yozzo (yozzo@watson.ibm.com)  
 From the beautiful and historic Mid-Hudson Valley area of NY state
Newsgroups: misc.invest
From: cthorne@magnus.acs.ohio-state.edu (Charles E Thorne)
Subject: Re: Income & Wealth (Was: Effects...Debt)
Organization: The Ohio State University
Date: Mon, 12 Oct 1992 13:07:29 GMT

In article <1992Oct9.214701.6036@ads.com> dwang@ADS.COM (David Wang) writes:
>Unfortunately, big consumer debt ran up in the '80s include lots of 
>Japanese and European imports.  We had a huge trade deficits...  So,
>carrying this line of argument further, one can argue that the current
>recession is a by product of consumer spending part of their own 
>wealth from the '90s during the '80s.

>One can argue that the Japanese and European manufacturers have
>benefitted from our consumer binges in the '80s.  But that doesn't
>necessarily implied that the "wealthy" in the US somehow shared the
>profits, except thru ownership of foreign corporation.  Again, my
>argument is that focusing on relative "wealth" concentration is
>only 2nd or 3rd order effects.  

However, much of the reason for the trade deficit has been the changed
productivity of American companies.  Certainly buying BMW's and expensive
imports is a consumer issue, but the fact that United State produced steel
has no been competitive for more than 20 years and likewise U.S. made cars
have not been competitive for at least that long has been a factor in increase-
ing imports.  Major corporations going global has also increased that affect.

Just for some examples--since the late 70's Japanese manufacturers have been
the world leader in auto production.  The U.S., since the early 70's has not
been competitive in steel (and here the competition is not from Japan but from
Korea and Brazil).  

Another factor producing the government deficit has been the price supports.
We subsidize agriculture, textiles and prohibit cars and steel from being
imported, thus increasing the prices that American's need to pay--and making
foreign produced products less expensive.

When the U.S. increased protection for steel and autos in the 70's, instead of
becoming more competitive, the steel and auto companies increased their prices
(and profitability) rather than becoming competitive with imports.  If this 
isn't "big" money or the "wealthy" being helped, I'm not sure what is.

Xref: sparky misc.invest:12447 soc.culture.usa:7699
From: bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann)
Newsgroups: misc.invest,soc.culture.usa
Subject: GM to file for chapter 11 Bankruptcy (at least that's the rumor!)
Date: 9 Oct 92 10:40:10 EST
Organization: Logicon Technical Services, Inc.

	That's the rumor.  GM suppliers have been calling all over trying to
find out if it is true.  Looking at their debt picture, one wonders.  I think
another government bailout would come first, but one never knows what Clinton
will say next :).  (I've conceded the election to the Slickster.)

	In any event, GM looks very bad.  I'd sell ASAP, or sell short, or buy
an option to sell.

	Just my $0.02.

Brett--------------------------------------------------------------------------
	"Why the courts don't tell a husband who has been living off his wife
to go out and get a job is beyond my comprehension."--Joan Lunden
-------------------------------------------------------------------------------
Newsgroups: misc.invest,soc.culture.usa
From: steve@cucbs.chem.columbia.edu (Steve Stuart)
Subject: Re: GM to file for chapter 11 Bankruptcy (at least that's the rumor!)
Organization: Center for Biomolecular Simulation, Department of Chemistry,
	Columbia University
	<1992Oct13.171005.16779@novell.com>
	<1992Oct15.015415.4826@desire.wright.edu>
	<1992Oct15.155812.19650@novell.com>
	<1992Oct15.164419.1745@falcon.aamrl.wpafb.af.mil>
Date: Fri, 16 Oct 1992 16:31:31 GMT

bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann) writes:

   [a bunch of rumors about GM crumbling into dust]

I guess this explains why the GM bonds that looked so tempting are
selling so low (over 7.5% yield (to maturity) on a 3 1/2 year bond).

I have two questions:

1) The bonds are actually GM Acc. Corp.  Is this some previous
spin-off, or is it tied to GM Corp itself?

2) If it is tied to GM, how can the S&P rating be A-?  It never
occurred to me that I couldn't trust an "official" rating, or that an
A- rated company could be in danger of declaring chapter 11!


-- 
-Steve

echo "a'rfg cnf Crpv | har" | tr '[a-m][n-z] ' '[n-z][a-m]\012' | sort | tr "\012" " " ; echo " "
From: LOGIN@cbnewse.cb.att.com
Newsgroups: misc.invest
Subject: Comments on SYMC or FRAM
Keywords: Symantec, Frame Technology
Date: 8 Oct 92 21:40:04 GMT
Distribution: usa
Organization: AT&T

I am looking for any comments on:

Symantec, SYMC, which went down from high of $51 to about $6.
What does the company do? How strong is the company in Software area.
One reason, why the stock took so big dive may be due to institutions
holding 20 million out of 22 million shares outstanding. It is almost
too scary to own any technology stock now unless already beaten down.
Another example Borland went down today as low as 25 1/2.

I have heard from several people
that October is a bad month for technology stocks (time to buy)
and they peak in January-March.

Also, I have heard Framemaker, a software package by Frame Technology  (FRAM),
a desktop publishing Software for Sun Workstations,
is one of the best in its class. Also, the company
announced windows version last month and before few days they
announced record revenue this quarter. I have seen spread of
1/2 to 3/4 points on the stock. Recently trading between 14 - 15,
52 week range 26 - 12 1/2.

I will appreciate any comments on above stocks.

Thanks

Kamlesh Kamdar
kamdar@ihlpe.att.com
Work: 708-979-1148
Home: 708-369-8516
Newsgroups: misc.invest
From: capntaz@dudemar.b24a.ingr.com (heath g goebel)
Subject: Bond mutual bonds
Reply-To: capntaz@dudemar.b24a.ingr.com
Organization: Intergraph Corp. Huntsville, AL
Date: Wed, 14 Oct 1992 22:05:05 GMT


I have some money in Vanguard's Prime Portfolio money market mutual fund
that I plan to use in the next couple of years to go back to school.
Unfortunately, Prime Portfolio is returning approximately 3% while
U of Michigan tuition inflates about 8-10% per year.

I am considering switching my money to a Vanguard bond mutual fund.

I understand that with bond funds the dividend rate of return is pretty stable,
but the share price is subject to market fluctuations.

Interest rates are the lowest they have been in many years.
Bond fund share prices generally decrease as interest rates increase.

The Questions:
-------------

1.  Do people expect the interest rates to begin increasing soon?
2.  If interest rates do begin to increase, what sort of effect will this
    have on the bond mutual fund share price?
From: shin@tara.SanDiego.NCR.COM (Chang Shin)
Newsgroups: misc.invest
Subject: Re: Getting a merchant visa account
Date: 13 Oct 92 22:52:28 GMT
Reply-To: shin@tara.SanDiego.NCR.COM (Chang Shin)
Organization: NCR Corporation, Rancho Bernardo

In article <1992Oct12.190008.17344@news.acns.nwu.edu> skrenta@casbah.acns.nwu.edu (Rich Skrenta) writes:
>ed@odi.com (Ed Schwalenberg) writes:
>>   Can anyone suggest banks which would be willing to deal
>>   with a small business run out of the home?
>> 
>> Only crazy ones.  One of the all-time easiest paths to fraud is to set up

I have Visa with Wells Fargo Bank where I have a business checking account.
I filled out an application form with tax-id, and authorized personals' 
signatures. The annual fee is $55.
Newsgroups: misc.invest