HDTenEightyP/NetNews huggingface dataset:
From: avib@microsoft.com (Avi Belinsky)
Subject: Alan Abelson leaving Barron's
Date: 30 Dec 92 22:06:09 GMT
Organization: Microsoft Corporation
Distribution: usa

In article <1992Dec23.224630.15657@gumby.dsd.trw.com> suhre@meltami.dsd.trw.com (Maurice E. Suhre) writes:
|
|I think I'd buy Barron's just for the Abelson column even if I wasn't
|interested in investing.  It's sort of like the Louis Ruykeyser
|monologue :-)
|-- 
|Maurice Suhre
|suhre@trwrb.dsd.trw.com

As most of you are aware, Alan Abelson has resigned as editor of Barron's
over a dispute about a proposed re-design of the paper.  From what I hear,
this is not the entire truth.  Apparently Dow Jones (owners of Barron's)
wanted to broaden the appeal of Barron's to less savvy investors.  Abelson
didn't (to paraphrase the quote I saw "I don't want to aim Barron's at people
who move their lips when they read").

Knowing that a lot of people read Barron's for Abelson's column, he's
apparently offered to continue his column if he gets to name his succesor.

My opinion:  Don't hold your breath.

- Avi
---------------------------------------------------------------
Avi Belinsky                        
Microsoft Corporation               avib@microsoft.com
(206) 936-6896                      ...uunet!microsoft!avib
Newsgroups: misc.invest
From: slansky_doug@macmail1.rtsg.mot.com
Subject: Raymond James Experiences?
Organization: CIG Group
Distribution: usa
Date: Wed, 30 Dec 1992 16:24:24 GMT

Does anyone have any comments (positive or negative) regarding the
brokerage/investment firm called Raymond James?  A family member is considering
placing a sizeable amount of money with this firm, and has been unable to
locate satisfied/dissatisfied customers for inputs.

Any thoughts are appreciated.

Doug
Newsgroups: misc.invest
Subject: Re: Novell to buy USL
From: gary@cdthq.UUCP (Gary Heston)
Date: Fri, 25 Dec 92 14:25:07 CST
Organization: Garys' Home for Obsolete Computers

dbernard@clesun.Central.Sun.COM (Dave Bernard) writes:

> In article 4n@taligent.com, cep@taligent.com (Christophe Pettus) writes:
> >In article <1haorvINNfek@usenet.INS.CWRU.Edu> an030@cleveland.Freenet.Edu (B
> >>        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?

It doesn't. It's not shipping yet, and I haven't seen any price 
announcements.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
Subject: Re: More questions about 401(k) and rollovers to new companies
From: gary@cdthq.UUCP (Gary Heston)
Date: Sat, 02 Jan 93 19:42:38 CST
Organization: Garys' Home for Obsolete Computers

bohnert@leland.Stanford.EDU (matthew bohnert) writes:

> Sorry if this was discussed before, but I came back from vacation with
> a masssive backlog of misc.invest articles, so I might have missed it.
> I am currently a student at Stanford.  My wife works at a company where they
> have a 401(k) plan that she has contributed to for two years.  In all
> likelihood, we will be leaving this summer and will have to know what to
> do with the 401(k) money, per the new IRS rules.  Answers to the
> following questions would be appreciated.  I guess `401(k)' below really
> refers to any qualified retirement plan.

No, it doesn't. There are very distinct differences between "qualified
retirement plans", 401(k)s, 403(b)s, deferred IRAs, and non-deferred
IRAs. Be *real* careful about making assumptions regarding these;
Congress is making this an ever-more-dangerous minefield to walk
when you have to deal with moving the funds.

> 1.  Even though we file a joint tax return, is the 401(k) money considered
> 	`her' money by the IRS?

No. In the case of a joint return, it'd be considered joint income.
The only place where "ownership" would be a concern is divorce court,
which hopefully you'll never have to go through. (I haven't, just
watched co-workers; none has regarded it as fun.)

> 2.  If we are both employed in the future at companies with NO qualified plan
> 	what do we do?

Your biggest concern is what to do when she leaves her job. Do *not*
take a distribution check. Pick out a place to put an IRA (mutual
fund house, bank, whatever) and establish a rollover account; then,
she should have her ex-employer transfer the money *directly* into
the account. The are obligated to do this if told to; they cannot
legally *force* her to accept a check, and she should refuse to 
do so if they try.

Once the money is in a rollover IRA, leave it *alone*; no contributions,
no withdrawls. This way, she can roll it into another 401(k) if she
goes to work at another company that offers one.

> 3.  If I am employed somewhere with a plan and she isn't, do
> 	we have to do anything?  Could we if we wanted to without penalty?

No, you don't have to do anything; just let it sit in that IRA. That's
all you can do without incurring penalties (you can, of course, move 
the investment, so long as it meets the IRA restrictions).

> 4.  What about the reverse permutation of the above?

If she is offered a 401(k) at her new job, and they permit rollovers
into it, she can roll the money into it. You cannot roll *her* money
into your 401(k). (Sorry....)

> 5.  I believe if SHE is employed somewhere with a plan, she must roll it into
> 	that under the new rules.  Is this correct?

No; she is under no obligation to roll the IRA into a new employers'
401(k). It's an option, and depending on the terms of the new 401(k),
she may not want to. Keeping it in an IRA offers *much* more flexibility
in how the money is invested.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: titmas@chdasic.sps.mot.com (Eric Titmas)
Subject: Re: Condemned by Barron's--Is it significant????
Organization: SPS
Distribution: usa
Date: Wed, 30 Dec 1992 22:51:03 GMT

|> |> Maybe we could establish a track record on Barrons.
|> 
|> Barron's trashed ZZZBEST and the stock went to $0 and the founder was put in jail.
Barron's was on the money about the Arizona real estate crash,

-- 
Eric Titmas      Motorola ASIC       titmas@chdasic.sps.mot.com               

It is impossible to take in more money than Congress can spend.  - Thomas Sowell
Newsgroups: misc.invest
From: pkedrosk@student.business.uwo.ca (Paul S. Kedrosky)
Subject: Re: Buy Recommendation For Shares Priced Greater Than Book Value
Organization: University of Western Ontario
Date: Tue, 22 Dec 1992 20:57:51 GMT

meyers@lorenz.ocean.fsu.edu (Steve Meyers) writes:

> In article <HPZ7VB3w165w@student.business.uwo.ca>  
> pkedrosk@student.business.uwo.ca (Paul S. Kedrosky) writes:
> > georgec@eng.umd.edu (George B. Clark) writes:
> > 
> > > 
> > > The current issue of Money Magazine ranks Syntex as their highest
> > > buy recommendation for 1993. However, the current issue of Business
> > > Week ranks Syntex as selling at twice its book value, even though its
> > > share price is half its 52-week high.
> > > 
> > > Is this a contradiction?
> > 
> > Not at all. Stocks trade on a heck of a lot more than breakup value
> > (which is what you're at least party talking about with book).
> 
> But how high is reasonable? 2x book is pretty good, but 20x book 
> is too expensive. I guess my question is, how important is price/book 
> value when selecting a stock?

I don't think you can give a general answer to that question. Price to
book ratios and that sort of thing are like market fashions - they
tend to vary with the times. What seemed high in the past has become
acceptable today in some industries, if not the norm. One way of
looking at the problem is to compare the stock in question with others
that are in a similar business or have approximately similar outlooks
and see whether are significant differences in price-book ratio. That
may be a clue that something interesting or troublesome is going on.

The real trick (and here's a non sequitur if there ever was one) is to find
out what a stock or an industry trades on and think of that as your
guide in looking for stock ideas and valuing those stocks you find
interesting. For a long time people looked at  P-E ration as at least
one important measure of a stock's attractivenenss, but now you see
all sorts of things like sales per employee, % revenue generated from
products introduced in the last x years, etc etc. 


Finally, and maybe answering your question at least in part,
price-book varies as an indicator of significance depending on the
company's situation. For example, a bio-tech may have a negative book
value (at least for while), no earnings and none forecast for two to
three years, but it still trades (and at a value appreciably more than
0). People are at least partly (maybe mostly) trading on hopes,
wishes, and dreams; they are also, if the industry happens to be in
vogue, probably getting caught up in a bandwagon effect like what happened in
the bio-tech industry almost a year ago. 

Paul


 __________________________________________________________________________
     Paul S. Kedrosky              __/ "In a certain village in La Mancha,
    pkedrosk@business.uwo.ca      __/ which I do not wish to name, there
   University of Western Ontario __/ lived not long ago a gentleman..."
  (519) 679-2111 x5174          __/
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 23 Dec 92 20:57 PST
Subject: Re: Condemned by Barron's--Is it signif
Nf-ID: #R:calinski.725123521@calspan.com:-1211874230:cdp:1426500313:000:882
Nf-From: cdp.UUCP!mcaldon    Dec 23 20:57:00 1992


|I'm not a regular reader of Barron's but, in the past year, I know of two 
|stocks, Marvel and Conseco, that were bashed by Barron's. Of course, in 
both cases, the stock fell a considerable amount.  However, also in both cases,
|within a year, both subsequently hit new highs.
[...]

I've read Barron's off and on for many years.  They definitely like to knock
stocks and bull markets generally.  But they often hit the bulls-eye on
inflated or crooked situations, helped by contributors like Ben Stein. The
editor, Alan Abelson, who writes their popular feature column "Heard on the
Street," was recently removed as editor, although he will continue to write
his column.  Maybe this will change their attitude but I doubt it. DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||



Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: It's that time of the year: a question on unexpected capital gain
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Mon, 28 Dec 1992 19:56:12 GMT

In article <1992Dec28.192555.16571@cbnewsh.cb.att.com> hcy@cbnewsh.cb.att.com (hon-chi.yu) writes:
>        I have a tax question regarding estimated tax payment penalty,
>and I appreciate anybody's answers to verify my understandings:
>
>If somebody has a significant capital gain (say, from stocks transaction,
>and significant compared to the salary) incurred during a year, and that
>person only made an estimated tax payment before January 15 of the following
>year (the 4th quarterly payment due date), which, when added to the regular
>withholding from salary, should satisfy the >90% of final tax due requirement,
>will that person still be liable to under-estimated tax penalty when April 15
>comes?  What if the capital gain incurred during the first half of the year?

I assume you understand the rules about how much witholding+estimated
payemnts you need to have.

Then you ask if you can make up the payments all in the 4th quarter
payment.  The answer is it's better to make a big payment then than
to make no payment at all.

But unless the windfall was in the 4th quarter, you may be subject
to a penalty.  In any case, you would need to fill out a Form 2210
to calculate the penalty, if any.  This form also allows you to
show your income and tax payments by quarter, so windfalls at the
end of the year can be paid for at the end of the year.

If you prefer the IRS will be more than happy [  :^(   ]  to fill
this form out for you, even if you don't ask them to.  If so, they
will assume your income was equally received during the year.

>To be fair, I would think that a tax payer needs not pay the tax on the
>unexpected capital gain on stock until the end of the year when s/he knows for
>sure the final gain/loss, but my reading of the tax document suggest otherwise,

If you know you have an unexpected capital gain early in the year
you could make an estimated payment at that time.

By the way, is it even necessary to point out that "fair" and "taxes"
are never used together?

>am I correct?  If there is a penalty, how much will that be?
>And, if that person anticipates similar significant capital gain in the
>following year, what will be the best withholding strategy? 

Follow the rules - pay at least as much as you need to, and don't
wait until the end of the year.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: krol@ux1.cso.uiuc.edu (Ed Krol)
Subject: Re: Supercomputer picks for '93
Keywords: Cray, Fujitsu, IBM
Organization: University of Illinois at Urbana
Date: Mon, 21 Dec 1992 19:15:37 GMT

There is also Intel are they still in the supercomputer business?

Newsgroups: misc.invest
From: bkramer@whsun1.whoi.edu (Bill Kramer)
Subject: Electronic Arts, Inc.
Followup-To: misc.invest
Organization: NOAA-NMFS
   Anybody want to comment on the potential investment value of
     Are there other sources out there that have given it a recommendation??
Distribution: usa
Date: Wed, 30 Dec 92 21:09:26 GMT

     Other pointers welcome.      Bill

--

************************************************************************
*   William Kramer                   |   e-mail:  wkramer@whoi.edu     *
*   DOC/NOAA/NMFS                    |                                 *
From: Eric_S_Klien@cup.portal.com
Newsgroups: misc.invest
Subject: Margin questions
Date: Mon, 28 Dec 92 13:13:49 PST
Organization: The Portal System (TM)
Distribution: world

Hi, I'd like to manage some people's money and I'd like to use a 
broker that doesn't penalize margin accounts that are "concentrated".  
I currently use Pacific Brokerage Services which already qualifies 
but to keep my records clean I would like to use another broker for 
these managed accounts.  Can anyone recommend another broker besides 
PBS that can do this?
 
By the way, some person at Brown & Co. said they would go as low as 
30% equity on "unconcentrated" accounts.  Can anyone confirm this?  
This seems 5% too low to me!
 
Eric Klien
Newsgroups: misc.invest
From: hcb@netcom.com (H. C. Bowman)
Subject: Stock terminology questions
Keywords: PE ratio, dividend, long-term implications
Organization: Box of Rain Productions
Distribution: usa
Date: Sun, 3 Jan 1993 20:11:52 GMT

Hullo--
 
I think I'm beginning to grasp some of the terminology associated
with stock investments, but I'd really appreciate it if someone
would check over the following scenarios and correct me where
I'm wrong.
 
Let's say that company XYZ trades at $10.  Let's also say that its
PE ratio at this price is 10, and that its yearly dividend is $1. 
If I understand the significance of the PE ratio and the yearly
dividend, I conclude from this information that the company's profits
are passed on more-or-less completely to its shareholders.
 
Now let's say that company XYZ still has the same share price and 
PE ratio, but the dividend is now only $0.75.  I conclude from this
information that the company is using 1/4th of its profits for...
well, something.  (capital to expand, pay off debts, etc.?)  Unless
I'm eager for maximum current income, I suppose I should view this
as a *good thing*, shouldn't I?
 
Now, finally, let's say that the same company XYZ with the same
share price and same PE ratio is forking over $1.25 per year
in dividends.  I take this to mean that the company is paying share-
holders something more than its  profits, and that the extra $0.25
is coming from increased debts, operating captial, etc.  Unless
I want to collect my dividend and get out quickly, I suppose I should
view this as a *bad thing* in general, shouldn't I?  
 
Thanks in advance for your help!
 
--Cliff

-- 
| Cliff Bowman     |(501) 968-2232 Voice | As of 1 December, 1992, I was |
| Electronics Wonk |(501) 964-6118 Pager | approximately $1,017,077 shy  |
| Innovation Ind.  |(501) 968-7986 Fax   | of being a millionare.        |
Newsgroups: misc.invest
From: pkedrosk@student.business.uwo.ca (Paul S. Kedrosky)
Subject: Re: Novell buys USL
Organization: University of Western Ontario
Date: Tue, 22 Dec 1992 16:10:16 GMT

rcollins@encore.com (Roger Collins) writes:

> I read today that Novell is trying to buy Unix Systems Lab.  What
> does it mean for USL?  for Novell?  for Unix?  for Microsoft?

Trying to buy has become will buy - the deal's as good as done. I
think it's a fascinating move by Novell (at $350 million) that puts
their strategy cards right on the table: they think they can take
Microsoft on for the heart and soul of the desktop world. By buying
USL they will be able to take the huge installed base of Unix systems
in the midrange and workstation world and maybe, just maybe, finally
be the ones to come up with a viable Unix strategy for the mass
market.

What all of this mean for Novell's previous purchase of Digital
Research I'm not sure. I, for one, thought that Novell looked to
DR-DOS as their stepping-stone to bridging their networking world with
MS's O/S business, but that now appears to be open to some question.
Not having seen any press release o or other P.R. hack stuff on the
deal I don't know how Novell is positioning the USL purchase but I
hope that they don't become too entranced with running two horses in
this race.

The upshot? I think it's an interesting, risky, and ultimately
necessary move for Novell if they truly want to take on MS for the O/S
desktop. I think Unix just became a more viable option than it has
ever been before, certainly as far as the broader mass market is
concerned.

Paul


 __________________________________________________________________________
     Paul S. Kedrosky              __/ "In a certain village in La Mancha,
    pkedrosk@business.uwo.ca      __/ which I do not wish to name, there
   University of Western Ontario __/ lived not long ago a gentleman..."
  (519) 679-2111 x5174          __/  
From: mike-b@hpfcso.FC.HP.COM (Michael Bishop)
Date: Thu, 31 Dec 1992 05:14:00 GMT
Subject: ATI Technologies & Diamond Computers
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

Does anyone know if ATI Technologies and Diamond Computers are 
publically traded companies?  If so, what exchanges are they on?

Thanx.

Michael Bishop
Hewlett-Packard Company
Internet: mike-b@fc.hp.com
CompuServe: 71552,1341
Newsgroups: misc.invest
From: pvonk@scott.skidmore.edu (Pierre VonKaenel)
Subject: Re: Windows NT, when is it expected.  Micro soft is selling cheap at $85
Organization: Skidmore College, Saratoga Springs NY, 12866
Date: Thu, 31 Dec 1992 20:55:08 GMT

In article <C050wt.Bvu@acsu.buffalo.edu> elkordy@acsu.buffalo.edu (Mohamed Elkordy) writes:
>
>    Is MSFT a good buy now after the last $7 dropp from about 92 to about
>85 ?!!   if windows NT comes out, will we see that stock rally to a $100
>and may be more ?!!
>

The NT introduction is a real crap shoot.  It does have a lot of press
and public momentum, but there are potential problems - MSFT hasn't
clearly defined NT's market.  Many users think it's for them, but MS
says often that it's for the server and high-end machines.  The
public's expectations may be too high.  Like MS's WorkGroups program,
which is off to a slow start due to confusion over the product's
target audience, NT may fall into the same rut.  Of course MS is
preparing other Windows OSes for "the other machines" and this may
help them keep the market.  With Novell's purchase of UNIX and IBM's
commitment to OS/2 (and its gaining popularity), there is a good
chance that we will see multiple OSes dominating, as opposed to MS's
past monopoly of operating systems for the Intel platform.
	I get a feeling that MS will become another Lotus - it will
still be a big player, but not the only one.  The market will go in
different directions, supporting different products.  As for
investments, I think MS will continue to be a good investment; after
all, operating systems are not their only market.


-- 
Pierre von Kaenel  |  Math & CS Dept | Skidmore College | pvonk@skidmore.edu
----------------------------------------------------------------------------
1983 game ads from PC Connection : Temple of Apshai, Curse of Ra, Zork,
Deadline, Frogger, Call to Arms, Tigers in the Snow, Apple Panic; $15-$35
From: hcb@netcom.com (H. C. Bowman)
Newsgroups: misc.invest
Subject: Supercomputer picks for '93
Keywords: Cray, Fujitsu, IBM
Date: 21 Dec 92 16:18:12 GMT
Organization: Box of Rain Productions


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!

--Cliff

-- 
| Cliff Bowman     |(501) 968-2232 Voice | As of 1 December, 1992, I was |
| Electronics Wonk |(501) 964-6118 Pager | approximately $1,017,077 shy  |
| Innovation Ind.  |(501) 968-7986 Fax   | of being a millionare.        |
Newsgroups: misc.invest
Subject: Re: IRA contribution restriction?!
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 31 Dec 92 14:13:28 CST
Organization: Garys' Home for Obsolete Computers

moody@e4.ius.cs.cmu.edu (James Moody) writes:

> 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.

No, you can only defer taxes on up to $2K/year (single), additional
contributions are treated as nondeferred. There's no penalty for
going over, as long as you don't mind tying up the money. You can't 
make up for lower contributions in the past.

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

If you take the excess out, the 10% penalty for early withdrawl applies.

Gary Heston, at home...
gary@cdthq.uucp
Xref: sparky misc.invest:15228 misc.taxes:3859
From: leons@hiroller.Eng.Sun.COM ()
Newsgroups: misc.invest,misc.taxes
Subject: Taxes on call options
Date: 21 Dec 1992 20:30:08 GMT
Organization: Sun Microsystems - 3D Technology Group - Mountain View, CA
Distribution: usa
Reply-To: leons@hiroller.Eng.Sun.COM ()
NNTP-Posting-Host: hiroller

Hi,

I have a couple of simple year-end tax questions:

1. Suppose I own a stock and write covered call options against it
   that expire next year.  When is the premium recieved for the
   sale of options taxable?

   - this year, because that's when I receive the premium,  OR
   - next year, because that's when the options expire?

2. Is the interest charged on the margin account deductible?

Thanks!

=============================================================================
= Leon A. Shirman                                       3D Technology Group =
= Sun Microsystems, Inc	    	    	    	    	 Mailstop MTV23-205 =
= 2550 Garcia Avenue                               Mountain View, CA  94530 =
= Leon.Shirman@Eng.Sun.COM    	    	    	    	     (415) 336-5439 =
=============================================================================
Newsgroups: misc.invest