HDTenEightyP/NetNews huggingface dataset:
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: AMD - what's your opinion?
Organization: Unocal Corporation
Date: Tue, 22 Dec 1992 00:06:28 GMT

In article <69i6VB1w165w@student.business.uwo.ca> pkedrosk@student.business.uwo.ca (Paul S. Kedrosky) writes:
>My understanding of AMD's legal woes is that they were prevented
>from using Intel's microcode in their (AMD's) next generation of
>Intel-clone microprocessors. More specifically, their next generation
>is to be a 486-clone so that product has been pushed out until next
>spring/summer. 

IF it has to run identical micro-code, it sounds more like a reversed
engineered "copy" than an emulation.  LAZY.
Newsgroups: misc.invest
From: mzwick@vitro.com (Morris J. Zwick)
Subject: Re: >>>>>> Novell to buy USL
Organization: Vitro Corporation
Date: Tue, 29 Dec 1992 13:10:10 GMT

In article <ssimmons.725550746@convex.convex.com> ssimmons@convex.com (Steve
Simmons) writes:
>> However, as I posted earlier, this move by Novell is basically a symptom
>> of the pressure Microsoft is applying to them.  They are desperate.  It
>> is my unqualified opinon that this move will destroy Novell just as 
>> Borland is suffocating from their purchase of AT.
>
>Good point; however, there is one main difference.  The FTC is watching 
>Microsoft very closely now and Microsoft may be divided into smaller
>pieces.  This may even kill Windows/NT.  As we all know, a product is 
>more likely to be killed by negative externalities then for good 
>technical reasons. 
>

I doubt that the FTC will do anything so drastic. Unfortunately (IMHO) NT will
probably be very successful.

I heard another rumor the other day that Apple was considering buying Novell,
or at least trying to develop some cooperative agreement. I haven't heard
anything further.

         ___________________________________________________________________
        /  Morris J. Zwick	                 Internet: mzwick@vitro.com
__     /   Vitro Corporation	             Voice:    (301) 231-2784
  \   /    14000 Georgia Ave.                ___________________________
   \ /     Silver Spring, MD 20906-2972      |"I don't want the world; |
    *                                        | I just want your half!" |
                                             |  - They Might Be Giants |

Newsgroups: misc.invest,misc.taxes
From: Dave Dodson <dodson@convex.COM>
Subject: Re: Is this a WASH SALE?
Originator: dodson@bach.convex.com
Date: Wed, 23 Dec 1992 22:15:09 GMT
Reply-To: dodson@convex.COM (Dave Dodson)
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.

In article <1992Dec23.153735.1@vaxb.acs.unt.edu> ff76@vaxb.acs.unt.edu (Jhinuk Chowdhury) writes:
>        If I sell shares (at a loss) of a *Vanguard* muni bond fund, say, 
>and buy shares of a *Scudder* (or any other) muni bond fund (within 30 
>days), would that constitute a wash sale?   

No.

>(Note:  I am referring only to the taxable losses or gains (that correspond 
>to the capital losses and gains caused by the fluctuations in share price) 
>and *not* the tax-free dividends associated with muni bond funds.) 
>
>        What if I sell (at a loss) shares of Vanguard Hi Yield Muni Bond 
>Fund _and_ Vanguard Insured Long Term Muni Bond Fund, and then buy 
>Scudder's *Intermediate* term bond fund (within 30 days)? 

No.

>        If the preceding is *not* a wash sale, could I have bought shares 
>of Vanguard's Intermediate term instead (i.e., within the same fund family) 
>without violating wash sales rules? 

Yes.

>        I have read IRS publication 550 for 1991 (previous year's) returns, 
>and I am still not sure if these constitute "substantially identical" 
>securities.  The following paragraphs contain some relevant excerpts from 
>that publication.   Please ignore them if you are familiar or experienced 
>with wash sales regulations.  I would very much appreciate hearing from 
>you, if you could resolve this for me.  Thanks in advance,   - Jhinuk. 

Different funds, even in the same fund family, are not substantially
identical.

----------------------------------------------------------------------

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
From: schin@acs.bu.edu (neil schier)
Newsgroups: misc.invest
Subject: Re: Free Stock Newsletter By E-mail
Date: 23 Dec 92 00:08:55 GMT
Distribution: na
Organization: Boston University, Boston, MA, USA

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

Regards
NEil









Newsgroups: misc.invest
From: mt@media.mit.edu (Michael Travers)
Subject: Re: 1st Time Investor
Organization: M.I.T. Media Laboratory
Date: Mon, 28 Dec 1992 18:18:22 GMT

In article <sam.2xx7@terapin.com> sam@terapin.com (Sam Lewit) writes:

   Does anyone have any ideas on where somebody starts in the stock
market? 

I'm not an expert, but I've recently tried to educate myself on this
topic.  Some points to help you:

1) A good starting point: _The Wall Street Journal Guide to
Understanding Money and Markets_, by Richard Saul Wurman et al.  This
is put out by AccessPress, which means it has friendly graphics and
very clear basic information abouta stocks, bonds, money, options, etc.

2) if you're that much of a beginner, you are probably better off
buying mutual funds than individual stocks. This is assuming your main
goal is to make an investment, rather than educate yourself about the
stock market.  

3) There are almost as many mutual funds as stocks, so it's hard to
choose.  Business Week publishes a guide book that includes a table of
all funds and various performance statistics.  There's also an online
fund screening service on CompuServe that I found useful; it may also
be on GEnie.  The MorningStar rating service is available in libraries.

--

Michael Travers / MIT Media Lab / mt@media-lab.media.mit.edu
Newsgroups: misc.invest
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: Anyone familiar with Fidelity Select Telecom fund?
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Mon, 21 Dec 1992 15:13:22 GMT

In article <1992Dec21.013243.22888@panix.com>, paul@panix.com (Paul Gatker) writes:
|> 
|>  I was thinking of investing in the telecommunication industy and was
|> wondering if anyone had any info on Fidelity's select telecom mutual fund?
|> 
|>  The only info I have is that there is a minimum $2500 investment requirement,
|> and something like a 2% fee. I'm not if the fee is a load, or an annual 
|> handling charge.

If you call 1-800-544-6666 they'll send you a prospectus, which explains fees and
tells the largest holdings of each Select fund.

There is a one-time 3% sales fee. No annual charge.


*********************************************************************
Eric Peterson                  The sooner you fall behind,
Research Geophysicist          the more time you'll have to catch up!
(214) 951-3251
etpeters@.dal.mobil.com
*********************************************************************
Newsgroups: misc.invest
From: mcdonald@cs.sfu.ca (Ken Mcdonald)
Subject: International Funds recommendations sought
Organization: CSS, Simon Fraser University, Burnaby, B.C., Canada
Date: Thu, 31 Dec 1992 02:47:32 GMT


Would anyone care to recommend good international mutual funds specializing
in SE Asia or Latin America?  I'm looking to diversify.

Thanks in advance,
Ken McDonald
mcdonald@cs.sfu.ca
From: rburns@key.COM (Randy Burns)
Newsgroups: misc.invest
Subject: Re: 1992 DJIA average contest
Date: 22 Dec 92 23:40:55 GMT
Distribution: usa
Organization: Amdahl Corporation, Advanced Systems, Fremont CA

In article <1992Dec19.003838.2668@CSD-NewsHost.Stanford.EDU>, bhayes@Xenon.Stanford.EDU (Barry Hayes) writes:
> In article <1992Dec19.001642.24486@cbfsb.cb.att.com> klur@cbnewsb.cb.att.com (david.s.klur) writes:
 > >>P.S. Interestingly enough, we are fairly close to the mean prediction now.
> >>A forecasting method called DELPHI uses the mean technique.
> >
> >Yes, but in the DELPHI method, you ask for independent forecasts
> >from "experts".  A sampling from the net does not ensure that your
> >responses are from "experts" - sorry, netters!  `
Does anyone have any good information on the differences between the
predictive effects of "experts" and the general population when using
Delph-type techniques? 
> >
> 
> In the novel Shockwave Rider by John Brunner all sorts of
> political/social events are subject to state-run betting, called the
> Delpi Lottery.  And the state uses it to predict what will happen
> based on bets by ordinary folk.  Just like the Presidential Futures.  
Actually, I think it would be rather interesting to get a futures market
together that would have information on some interesting issues like
the viability of cold-fusion and the cost of launching a pound to orbit
in 30 years, and issues like demographics(i.e. the age composition of the
US in 20 years). The prices of commodities are an important issue,
but I can imagine that folks might want to hedge on other, important 
issues. I can also imagine these as being useful techniques for funding
new technologies(for example, a DRAM futures market would allow folks to
fund RAM factories by selling RAM that hasn't been produced yet).

> Anyone know how the Korean Election futures market is going?
I'd be very interested in hearing more about this.
Xref: sparky misc.invest:15535 misc.consumers.house:16186
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: How do you find out when a company releases next earnings report?
Organization: TRW, INC.
Distribution: usa
Date: Thu, 24 Dec 1992 18:27:58 GMT

In article <27420@sybase.sybase.com> yan@sybase.com (Xudong Yan) writes:
>I called my broker but they have no idea.

I think it's time to get a better broker.  Jeez.....

>Or is it possible? (say to within a week?)

Of course.  All you have to do is to look in the Daily Graphs.  All
brokerage houses should have subscriptions.  The DG will have an
estimate, but that is based on the amount of time it has taken the
company to get their earnings report out in previous quarters.  If the
report is late, that's usually a bad sign (good news comes out quickly,
bad news is mulled over trying to keep it from looking too bad).

It's possible that this information is also available in Value Line, but
I'm not sure.

Finally, there's the direct approach.  Call up the company, ask to speak
to the "Director of Investor Relations", and ask him (her).

[I also mailed this to Yan as per instructions.  mes]

-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: chandrab@cbnewsf.cb.att.com (b.chandramouli)
Subject: Re: S-corp advantages and disadvantages?
Organization: AT&T
Distribution: usa
Date: Wed, 23 Dec 1992 23:31:41 GMT

In article <1992Dec23.163901.3610@ctaeng.com> jeff@ctaeng.com (Jeff Sherrard) writes:
>
>Does anyone have experience with the use of an S-corporation for the transfer
>of wealth between family members?  Specifically, I'm curious about LEGAL 
>ways of tranferring assets from one generation to the next via a family

	I do not have any information specifically for what you are asking.
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
att!acpfs!chandra
Newsgroups: misc.invest
From: cs6@TorreyPinesCA.ncr.com (Eric Sit 3611)
Subject: Re: Everex Systems, what's happened?
Organization: NCR (Torrey Pines Development Center)
Disclaimer: This posting does not necessarily reflect the opinions of NCR.
Date: Wed, 23 Dec 92 22:53:04 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?

Everex stock price reached $7 after they reversed their loss and became 
profitable for three consecutive quarters.  The stock's steep decline began 
after the PC price war intensified.  The stock dropped to $1 when Everex 
reported cash flow problem and futher layoffs.  Several weeks ago, Everex 
reported a loss of about $120M out of $500M revenue, and its stock dived.  


Eric
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: 401k Distribution
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Tue, 22 Dec 1992 16:25:56 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).

This is effective starting Jan 1, 1993.  So, his friend has till year
end to take the distribution without holding yet.

>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.

The IRS term for that is "custodian to custodian TRANSFER' which will not incur
any withholding, now or after Jan 1.  If you take distribution, that is
you have a check in your hand and then you deposit the same amount into
an IRA/retirement type account, that is a "ROLLOVER".  So, be precise
when directing the old employer what to do with the retirement money.

Newsgroups: misc.invest
Subject: Re: Everex Systems, what's happened?
From: gary@cdthq.UUCP (Gary Heston)
Date: Tue, 22 Dec 92 19:57:22 CST
Organization: Garys' Home for Obsolete Computers

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?

Reportedly, they're on the verge of bankruptcy. Might be a good
contrarian play, but don't buy with the grocery money.

Gary Heston, at home....
gary@cdthq.uucp
From: zdenek@ksr.com (Zdenek Radouch)
Newsgroups: misc.invest
Subject: Re: street name vs delivery
Date: 25 Dec 92 12:00:26 EST
Organization: Kendall Square Research Corp.

I wrote:
>> 
>> I assume you lose your shareholder voting rights if you don't take the
>> delivery, since your shares can be sold short.
>

Rich Carreiro writes:
>That can't be right.  I hold my stocks in street name with Waterhouse,
>and I've gotten to vote on all proxy issues on all my stocks (or rather,
>I get a form from Waterhouse which I use to tell Waterhouse how to vote
>on my stocks, since the stocks are, of course, in Waterhouse's name).
>I also still retain the option of actually going to the annual meeting
>as well.

Ed Krol writes:
>Actually you don't lose your voting rights, but it is a bit more
>inconvienent to vote your shares in person.  If you want to attent
>a shareholders meeting and vote your shares you have to make arrangements
>through your broker I think.

OK guys, then explain to me what's wrong with the following scenario:

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!

-Z
From: moody@e4.ius.cs.cmu.edu (James Moody)
Newsgroups: misc.invest
Subject: IRA contribution restriction?!
Date: 30 Dec 92 16:03:26 GMT
Article-I.D.: cs.C02xxr.3As.2
Reply-To: moody@cs.cmu.edu
Organization: CMU Vision and Autonomous Systems Center

I was just told that one cannot contribute more than $2K per year to an 
IRA, that if you do the IRS will penalize you.  Is this true???  I 
guess I always assumed that the $2K limit was the max you could deduct 
on your 1040.  I skipped contributing for a couple of years, and wanted
to make up for it now.  If this limit is true I guess I'm out of luck.

Just out of curiosity, what kind of penalty will can the IRS impose if
one over-contributes?

-- 
James E. Moody Jr.	The Robotics Institute		(412) 268-2847
			Carnegie Mellon (University)	      CMU-BUGS
			Schenley Park
moody@cs.cmu.edu	Pittsburgh, PA 15213
From: schindler@csa1.lbl.gov (AARON SCHINDLER)
Newsgroups: misc.invest
Subject: Re: Investment magazines
Date: 30 Dec 1992 23:49 PST
Organization: Lawrence Berkeley Laboratory - Berkeley, CA, USA
Distribution: world
NNTP-Posting-Host: 128.3.254.196
News-Software: VAX/VMS VNEWS 1.41    

In article <1992Dec30.173334.45984@kuhub.cc.ukans.edu>, rsl01@kuhub.cc.ukans.edu writes...
>Hello,
>I have a question for you all.  I am an investment novice.  I would like
>to subscribe to preferably one magazine.  And I don't know which one is
>the best, if any.  I browsed through a list and found a few magazines such
>as Business Week, Fortune, Personal Finance, Money, Wall Street Journal, ...
>Can some of you tell me about something about some of these magazines?
>Your comments/suggestions are appreciated.
>Duc

For someone who is a novice at investing, I would recommend reading some
of the books on investing (there was a thread about books recently, so I won't
go further).  I would suggest Money and Kiplinger's Personal Finance for
magazines.

When you have gotten your feet wet with a few investments, understand how
to pick a mutual fund, know how to do rudimentary portfolio allocation, 
and start to wonder about things like "how do interest rates affect equities or
bonds?", or "should I try market timing?" or "how is technical analysis done?"
then you will probably want to graduate to Barrons, Forbes, WSJ, or Investors
Business Daily.  

Business Week, Fortune, or INC are not so much geared for the investor as
they are for the executive or entrepreneur.  Although they are excellent
reading for finding investment ideas.

|=======================================================================|
| Aaron Schindler                                Schindler@csa.lbl.gov  |
|                                                                       |
| "How I made my fortune?  It was really quite simple.  I bought an     |
| apple for five cents, spent the evening polishing it, and sold it the |
| next day for 10 cents.  With this I bought two apples, spent the      |
| evening polishing them, and sold them for 20 cents.  And so it went   |
| until I had amassed $1.60.  It was then that my wife's father died    |
| and left us a million dollars.                     --anon             |
|=======================================================================|

Newsgroups: misc.invest
From: ed@odi.com (Ed Schwalenberg)
Subject: Re: "Market efficiency"
Organization: Object Design, Inc.
Date: Tue, 22 Dec 92 22:11:33 GMT

In article <1992Dec18.165629.21654@pslu1.psl.wisc.edu> dbk@pslu1.psl.wisc.edu (Don Katz) writes:
  In article <1992Dec17.233131.1489@cbfsb.cb.att.com>, chandrab@cbnewsf.cb.att.com (b.chandramouli) writes:
  |> 	Value (worth)  of a stock is what the buyers are willing to pay 
  |> 		for it.
  |> 	What a buyer wants to pay is what the buyer things the stock is worth.
  |> 
  |> This circular definition is inherent to the way valuation of a stock 
  |> is done. This is not just true for stock valuation. Similar circular
  |> concepts are inherent in the valuation of real estate, collectibles etc.
  |> May I extend this to say that whereever there are Supply and Demand
  |> forces are acting to set the price of anything, circularity is inevitable?

  I disagree strongly. Stock has an intrinsic value based on either its value as ownership in a company (and therefore its value if the company is sold, and the value is realized), or as the source of an on-going and increasing stream of dividends.

A coin has "intrinsic" and "numismatic" value.  Its intrinsic value is what
you can sell it for as gold or silver or cupronickel.  Its numismatic value
is what other people might pay for it because it's pretty, or because there
are only 3 of them in the world, or whatever.

Stocks have no intrinsic value; you can't melt them down.  "Book value",
sometimes used as an attempt to determine such a value, is a very weak
concept.  What is the current value of the trademarked name "Oreos"?
There's no objective way to value a trademark, so there's no way to tell
the book value of the company that owns it, so there's no way to tell what
a reasonable price/book value for the stock might be.

Your other example is the value of future dividends.  Anyone can guess what
future dividends might be, but nobody can KNOW.  All those who value stocks
based on dividend yields have different opinions on what the future holds
and consequently they hold different opinions of the value of the stock.

I think Andrew Tobias is correct.
From: dbernard@clesun.Central.Sun.COM (Dave Bernard)
Newsgroups: misc.invest
Subject: Re: Novell to buy USL
Date: 24 Dec 1992 12:53:59 GMT
Organization: Sun Microsystems
Distribution: world
Reply-To: dbernard@clesun.Central.Sun.COM
NNTP-Posting-Host: clesun.central.sun.com

In article 4n@taligent.com, cep@taligent.com (Christophe Pettus) writes:
>In article <1haorvINNfek@usenet.INS.CWRU.Edu> an030@cleveland.Freenet.Edu (Broward Horne) writes:
>>        USL educational discount - $50 per machine
>
>.... which only educational institutions qualify for.  Which still doesn't
>make it a reasonably priced alternative to NT.


	What does NT sell for these days?

	Dave



Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: IBM vs DEC
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Tue, 22 Dec 1992 17:02:39 GMT

pkedrosk@student.business.uwo.ca (Paul S. Kedrosky) writes:

>rmandel@bu.edu (Richard Mandel) writes:

>[stuff about IBM vs DEC, which is better, deleted]

>either stock, I just think there are a lot better opportunities out
>there without nearly as many question marks, short and long term.

What better opportunities do you see, and why are they good? 
(I see any of the high tech choices as being better :)

I liked the choice SoftwareTools that was suggested in Barrons.
They suggested buying it and praying for a "Miracle" (they
make the miracle piano). Apparently after a number of years of losses
they actually managed to make some money recently, thus
grossly exceeding analyst's expectations :)

(In case people missed the smiley, I'm not seriously recommending
this stock. It may be a good investment but too risky).

-Larry Watanabe watanabe@cs.uiuc.edu
Newsgroups: misc.invest