HDTenEightyP/NetNews huggingface dataset:
From: pvonk@scott.skidmore.edu (Pierre VonKaenel)
Subject: Re: Could someone talk to me about Novell (NOVL-OTC)
Organization: Skidmore College, Saratoga Springs NY, 12866
Date: Thu, 17 Dec 1992 14:30:47 GMT


MS has tried to overtake the Novell market many times in the past, and
failed miserably!  This is another of those tries.  I can't say that
they'll fail again, but their batting record isn't great.  Besides, it
takes a lot for a company to give up their current lan for a new one,
considering the time and $ invested in getting it humming.  There's a
lot of custom software developed by business to run on their Novell
networks.  Are they ready to buy into a new, different lan, from a
company that hasn't had a good reputation in lans?

-- 
Pierre von Kaenel	| Skidmore College	     | pvonk@skidmore.edu
Math & CS Dept.		| Saratoga Springs, NY 12866 | (518)584-5000 Ext 2391

"Experience is the name everyone gives to their mistakes." Oscar Wilde
Newsgroups: misc.invest
From: tndf6@isuvax.iastate.edu (BRYAN_L_SUTTON)
Subject: Re: Very OLD Savings Bonds -- URGENT QUESTION
Reply-To: tndf6@isuvax.iastate.edu
Organization: Iowa State University, Ames, Iowa
Distribution: usa
Date: Fri, 11 Dec 1992 22:11:12 GMT

In article <LARRY.92Dec9120012@boris.webo.dg.com>, larry@boris.webo.dg.com (Larry Rogers) writes:
>
>I have found some extremely old Savings Bonds dating back to world war
>II.  In fact one is a war bond.
>
>I have checked their redemption value and found them to be worth about
>four times their face value.
>
>I was wondering, is there any value to these bonds other than their
>redemption value?  Like, are they considered collectibles?
                    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
To some people - yes. Problem is finding those people.

bls
Newsgroups: misc.invest
From: pavwj@mentor.cc.purdue.edu (Wayne Pavalko)
Subject: What do the S&P 500 numbers signify?
Organization: Purdue University Computing Center
Distribution: usa
Date: Tue, 15 Dec 1992 17:45:42 GMT

     In the December 7th issue of Barron's a writer, comparing the performance
of some fund to the S&P 500, stated that in the first 11 months of '92 the 
S&P 500 was up +6.2%.  However, in the market laboratory (stocks) section of
the same issue the change (since 12-31) was listed as +3.9%

     Q:  Why is there such a difference in these numbers?  Does the +3.9% not
include something?  Being interested in comparing a fund's performance to the
"S&P 500" I would like to compare apples to apples, so to say.  If the number 
(total return) I seek is actually the former, then where can it reliably be
found throughout the year.

     Thank you very much.

						Confused at Purdue.
Newsgroups: misc.invest
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: Value stocks (Was: S&P index options ?)
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Tue, 15 Dec 1992 16:40:30 GMT

In article <BzA76E.IzF@news.cso.uiuc.edu>, cs101a64@dcl-nxt04.cso.uiuc.edu (cs101 student) writes:
|> In article <1992Dec14.225759.21646@mobil.com> etpeters@dal.mobil.com (E.  
|> T. Peterson(Eric)) writes:
|> > 
|> > OK, you weasled your way out of that one!  Try this test:
|> > 
|> > Pretend it is August 25, 1987 (get a financial newspaper from then).
|> > Pick 5 stocks that were "value" stocks in August 1987 according to
|> > your criteria (don't cheat by checking their performance during the
|> > crash).  Then look at their prices after the crash.  I bet every one
|> > of your picks declined during the crash!

|> What August 1987 publications are still available in the library that list  
|> all the stocks that sold for less than 2/3 of book value then?

The S&P Stock Guide (name?, monthly?) has book value, P/E, etc.  Some
library should have back issues.  Value Line Surveys might also be
available at major libraries?
From: jxs18@po.CWRU.Edu (Jerry Sy)
Newsgroups: misc.invest
Subject: 401k maximums for 1993
Date: 17 Dec 1992 13:57:30 GMT
Organization: Case Western Reserve University, Cleveland, OH (USA)
Reply-To: jxs18@po.CWRU.Edu (Jerry Sy)
NNTP-Posting-Host: hela.ins.cwru.edu


what is the maximum amount one can put into a company 401k ?
is it company specific or does the gov't decide on the cap ?


Newsgroups: misc.invest
From: jaeastman@anl.gov (Jeff Eastman)
Subject: Fidelity Magellan?
Followup-To: misc.invest
Organization: Argonne National Laboratory
Date: Tue, 15 Dec 1992 20:20:51 GMT

I noticed in the paper that Fidelity's Magellan mutual fund fell by almost
$6 last
Friday.  This is about 10% of the fund's value.  The price in today's paper
is still
the lower value, so it doesn't appear to be a misprint.  The other Fidelity
growth
funds did not show this drop in price.  What happened?

_______________
Jeff Eastman
jaeastman@anl.gov
_______________
From: ar017@cleveland.Freenet.Edu (Nolan Whitaker)
Newsgroups: misc.invest
Subject: Re: EARN MONEY STUFFING ENVELOPES
Date: 20 Dec 1992 05:32:27 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: hela.ins.cwru.edu


>        If you are interested in earning a great supplemental income,
>        stuffing envelopes. send a SASE to :
>
>                        STUDENT STUFFERS
>                        348-3 W. Oak St.
>                        West Lafayette, In.
>                                        47906
>
 
For those of you are unaware of the "stuffing envelopes" scam:
 
1)      You send for info
2)      Info tells you to send $10, etc for instructions
3)      Instructions tell you to place an ad like you responded to
        and hope some other dope responds as you did
4)      You lose $$$
 
 
I'm sure somebody will send this person some $$$.
 
Don't!
Nolan W. Whitaker
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: _Securities_Analysis_
Organization: AT&T
Date: Tue, 15 Dec 1992 17:01:12 GMT

In article <1git4bINN1i6@aludra.usc.edu> josephk@usc.edu (Joseph Kim) writes:
>Anybody care to post synopsis of _Securities_Analysis_ by Graham and 
>Dodd?  I already read the _Intelligent_Investor_ by Graham, and want
>to know if the two overlap.  I already know Graham is good stuff,
>so please do not post anything like, "just buy and read it."

Buy it and read it.

Newsgroups: misc.invest
From: ab@lems.brown.edu (Alexandru Barba)
Subject: Mailing List for misc.invest
Keywords: mailing list
Organization: Laboratory for Engineering Man/Machine Systems
Date: Mon, 14 Dec 1992 06:09:47 GMT

Hi,
I am interested in getting new misc.invest postings automatically
every day. If there is such a e-mailing list, could my name
be added to it?
Thanks in advance,
Alex
From: hacker@access.digex.com (Dark Hacker)
Newsgroups: misc.invest
Subject: Re: IBM Turnaround?
Date: 21 Dec 1992 05:44:57 GMT
Organization: Express Access Online Communications, Greenbelt, MD USA
Distribution: usa
NNTP-Posting-Host: access.digex.com

In article <1992Dec14.165252.5577@ee.eng.ohio-state.edu> adkins@singha.eng.ohio-state.edu (Kenneth C. Adkins) writes:
>What is the net's general opinion on IBM.  Do people think
>they're going to be able to turn things around?  Is the stock
>drop a true reflection of their drop in value?  I can't 
>imagine that IBM is in such trouble that the stock won't ever
>rebound to prices of last year.  Responses from people inside

My earlier diatribe aside, here's my opinion on IBM...

I wouldn't worry about IBM going under in the near future.  Even if
they did, the dismantling or sale of the company would probably bring
in more than its book value (which last I lookd was $55 / share).  The
question, as you obviously realize, isn't "will IBM die?" The question
really is... "will IBM's stock ever go back up again."

Buying bargain priced stocks is stupid without some hope of the stock
price going UP after your subsequent purchase.  This is a rule that
many bargain hunters seem to overlook.  Timing for the buy is only half
the problem.

Personally, I'm waiting for IBM to go down further.  In the 40s, but
not likely lower than that.  Investor psychology will prevent such a
huge devaluing of IBM.

Note:  T R Price recently issued a statement that said something to the
effect of "we're looking for IBM stock to go down into the 30s" so it
could happen.

I'm going to wait a while and watch what IBM does.  There's still some
technology left in the company (remember that IBM is really a sales and
marketing oriented company with a good reputation for service) like the
Power PC.  Technology alone won't save the company however.  Investors
will look at revenues/earnings every quarter with a magnifying glass
now that the dividend is to be cut.

So there it is.... IMHO.

- Hacker
-- 
Dark Hacker @ Black Silicon, Fortress Of Computation
hacker@black-silicon.mclean.va.us

"Life itself is... COMPUTATION!"
From: bz224@cleveland.Freenet.Edu (Donald J. Miller)
Newsgroups: misc.invest
Subject: Are CML, GTE, EKodak good now
Date: 16 Dec 1992 04:53:08 GMT
Organization: Case Western Reserve University, Cleveland, OH (USA)
Reply-To: bz224@cleveland.Freenet.Edu (Donald J. Miller)
NNTP-Posting-Host: slc4.ins.cwru.edu


These stocks interest me very much right now, and I was wondering if anyone
had any opinions about investing in them, or in the NYSE in general right
now.
-- 
Donald J. Miller 		||     	    "Set your goals higher 
The Ohio State University	||           than you can reach.
Go Pikes!!!!!!!!!!!!!!!		|| 	     Then reach them!!"
Newsgroups: misc.invest
From: hal@pollux (Hal N. Brooks)
Subject: Re: PRIMERICA seminar (How to lose your friends)
Organization: University of Georgia
Date: Tue, 15 Dec 1992 06:06:48 GMT

In article <1992Dec14.160541.20544@dg-rtp.dg.com> brownr@hydra.rtp.dg.com (Randy Brown) writes:
>In article <13396@bnr-rsc.UUCP>, everett@NoDomain (Jerry F. Everett) writes:
>|> 
>|> A friend of mine invited me to a presentation on PRIMERICA the other night.
>|> I guess this organization is quite large and popular in the US but is still
>|> trying to make inroads into Canada. Basically they sell term life insurance
>|> 
>|> My first impression was that they seem to be the "Mary Kaye Cosmetics"
>|> of the Financial Services Industry.
>
>Interesting.  Could this be the same company I have a Gold Card Visa with,
>no annual fee, 14.25% rate, 5K credit limit?  Its a pretty good card with
>the rate/limit/fee combo, but if they are into anything weird I might be
>inclined to move on.
>

Probably, but why would you want to cancel a good deal?

I may be a little off on the exact relationships here, but I think
it goes like this:  Primerica owns MILICO (Mass. Indemnity and Life
Ins. Co), which has an agreement with A. L. Williams Co. to sell
their life insurance exclusively (it goes both ways).  MILICO mostly
sells term life insurance, but has also dabbled in the major
medical insurance field.  Primerica has a much wider range
of interests.

I wouldn't say they're into anything weird.

A. L. Williams made a fortune advocating "buy term [rather than
universal life] and invest the difference."  I would think that
would be a pretty popular sentiment in this newsgroup.

They've been operating in Canada since at least 1988.

They have gotten in trouble in some states because some of their
sales people weren't well trained (they recruit part-time people)
and didn't know what they were talking about.  Also, they have
an incredibly deep commission hierarchy, almost like a pyramid
scheme, by which sales people try to recruit other sales people
who try to recruit other sales people ad infinitum.

If you need term life insurance, it's probably not a bad
way to go, but I don't have any information on their safety
ratings so check that first.  On the other hand, I wouldn't
depend on the word of one of their agents if I didn't understand
what I was buying.

=============================================================================
 Hal N. Brooks     Voice: (706) 546-7792     Internet: hal@pollux.cs.uga.edu
=============================================================================
Newsgroups: misc.invest
From: ssr@cypress.com (Bapcha/FPGA)
Subject: Re: ESOP - Can they really do this????
Organization: Cypress Semiconductor, San Jose, CA
Date: Fri, 18 Dec 1992 15:03:30 GMT

In article <1gqn2qINN5pg@usenet.INS.CWRU.Edu> ci483@cleveland.Freenet.Edu (Babu Narasimhan) writes:
>
>My employer had a standard vanilla type of Employee Stock
>Option Plan for purchasing the Company stock. This plan
>was implemented by Quarters (Calender) and any employee
>could laydown upto x% of their pay to buy  the stock which
>was discounted 15% off of the market value. The market value
>was determined by the lesser of the 5-day average between
>the beginning and end of quarter. Pretty Standard stuff
>so far.....except they threw in a wrench in the works
>recently.
>
>They now require you to hold on to the stock for a year before
>it can be sold and this is done to "promote long term interest
>in the company" and they add "it does not require shareholder
>approval". I thought that ESOP was implemented not for any
>

You can short it.......



-- 
Bapcha
3901 N.  First Strasse
San Jose,  CA 95134, 408-943-2719
From: Donald.E.Reed@dartmouth.edu (Donald E. Reed)
Newsgroups: misc.invest
Subject: Re: Snapple - Does it really go public Tuesday?
Date: 15 Dec 92 17:40:38 GMT
Organization: Dartmouth College, Hanover, NH
X-Posted-From: InterNews1.0a5@newshost.dartmouth.edu

In article <BzB5AA.Kn3@acsu.buffalo.edu>
elkordy@acsu.buffalo.edu (Mohamed Elkordy) writes:

> vida@crsa.bu.edu (Vida Jakabhazy) writes:
> >I was wondering if anyone knows for sure if Snapple is going public
> >tomorrow?
> >vida@crsa.bu.edu
> 
> And what would be the symbol for it and on which market.  I am playing
> the Wall Street Journal Investment challange, and I might like to do
> snapple IPO game. 
> thanks for the responses
> elkordy

While I don't know what day Snapple is going public, I do know the
symbol will be SNPL and it will be on NASDAQ.

Don
Newsgroups: misc.invest
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Subject: Re: "Market efficiency" (Was Re: Rationality of the stock market (NOT!))
Organization: Physical Sciences Lab, UW-Madison
Date: Wed, 16 Dec 92 17:33:55 GMT

I think the market efficiency argument is overrated. The current market price is determined by the average valuation assigned to a stock by the whole universe of buyers and sellers. These buyers and sellers follow a diverse set of strategies. However, I argue that, over the long haul, the price of a stock is correlated with the performance of the underlying company.  But in the short-term, the price of a stock may be significantly over or undervalued relative to its real value as a piece of a company due t


o the presence in the market of participants who buy and sell stocks based on criteria other than company fundamentals - technicians, momentum investors - and whose average holding period is short.

Therefore, I believe it is possible for a savvy fundamental investor to choose stocks which are under-valued, and hold them until they are fully valued, if s/he has a sufficiently long time-frame. Note that buying stocks when they are cheap has less price risk - stocks of decent ongoing concerns do not keep going down indefinitely.

I also think that the idea of out-performing the market is overrated. In the last 10 years, the market as a whole has risen at a rate much faster than its long-term average, and much faster than the growth rate of the underlying companies. So it is not surprising that stock pickers have not (with some notable exceptions, like Peter Lynch) dramatically outperformed the market. In a period of rapidly rising markets, the best strategies will be momentum oriented and/or indexing strategies. But stock pickers h


ave matched or nearly matched the market returns over this period, and when the chickens come home to roost, and market returns return to more typical rates, stock picking will show its worth.

Don
-- 
-----------------------------------------------------------------------------
Don Katz                                .         Physical
                                       .- / \ -.      Sciences
University of Wisconsin - Madison   ./'  /+-+\  `\.       Laboratory   E-MAIL
3725 Schneider Drive              /'    /-+-+-\    `\                  ------ 
Stoughton, WI 53589             //     /+-+-+-+\     \\              psl::dbk
                               <======| P  S  L |======>     dbk@psl.wisc.edu
Phone: 608-877-2242 (FAX: -2201)      +---------+          dbk@wiscpsl.bitnet
-------------------------------------------------------------------------------
From: paul@hsh.com
Newsgroups: misc.invest
Subject: Cafeteria Health-Care Program: HELP?
Date: 14 Dec 92 20:31:28 GMT
Organization: HSH Associates

My wife is being offered the opportunity, by her employer, to get into a 
Cafeteria Benefits health-care plan.  Hopefully, some here can offer some
pros & cons (and perhaps some personal experiences) about this type of plan. 

As I understand the rather skimpy explanation she was given, this is in
addition to her current medical coverage.  Under this "supplemental" plan, up
to $2500 of *pre-tax* salary is placed into various Reimbursement Accounts to
cover such things as medical/dental/vision deductibles and other
out-of-pocket expenses.  One Reimbursement Account can cover at-work
child-care expenses (which would be useful). 

The catches that I am aware of:  the Big One is that any funds left in the
Reimbursement Accounts are _forfeit_ --gone forever-- if not used by the end
of the year (that's my wife's money, NOT the employer's).  Another is that,
since the RAs are funded with pre-tax dollars, her Social Security benefits
will probably be reduced by the use of this plan.  And, of course, payouts
from the Cafeteria Benefits plan are _not_ deductible from income taxes. 

The big unknown is that -- knowing her employer -- this may be a prelude to
paring back her current health-care program, which costs very little and has
been pretty good to/for their employees.  If that happens, I wonder if this 
plan couldn't be used as a cost-shift ploy if (for example) they go to basic 
Blue Cross/Blue Shield, or something, to save themselves money.

What else should I know?  One thing that bothers me is that the skimpy
paperwork was given to her on Thursday; the meeting is Tuesday; the sign-up
session is on Wednesday!  Is it deliberate that she was given not much time
to learn all about it?


------

Paul Havemann, VP        HSH Associates           (201)838-3330 | 1-800-UPDATES
      The Nation's Largest Publisher of Mortgage Information
Internet: paul@hsh.com   Compuserve: 70410,3507   America On-Line: HSH Assoc
Newsgroups: misc.invest
From: brownr@hydra.rtp.dg.com (Randy Brown)
Subject: Re: PRIMERICA seminar (How to lose your friends)
Date: Mon, 14 Dec 92 16:05:41 GMT
Organization: DG-RTP Graphics Group

In article <13396@bnr-rsc.UUCP>, everett@NoDomain (Jerry F. Everett) writes:
|> 
|> A friend of mine invited me to a presentation on PRIMERICA the other night.
|> I guess this organization is quite large and popular in the US but is still
|> trying to make inroads into Canada. Basically they sell term life insurance
|> 
|> My first impression was that they seem to be the "Mary Kaye Cosmetics"
|> of the Financial Services Industry.

Interesting.  Could this be the same company I have a Gold Card Visa with,
no annual fee, 14.25% rate, 5K credit limit?  Its a pretty good card with
the rate/limit/fee combo, but if they are into anything weird I might be
inclined to move on.

Randy
From: tbarnes@Teknowledge.COM (Terry A Barnes)
Newsgroups: misc.invest
Subject: Re: Fidelity Magellan?
Date: 18 Dec 92 01:04:42 GMT
Reply-To: tbarnes@teknowledge.com (Terry A Barnes)
Organization: Cimflex Teknowledge Corp., Palo Alto CA

>I noticed in the paper that Fidelity's Magellan mutual fund fell by almost $6
>last Friday.  [...]
>What happened?

This kind of question comes up regularly this time of year.  Mutual funds are
required to distribute their realized gains by the end of the year.  The price
of the fund drops by the amount of the distribution.  The distribution is
either sent to shareholders or used to buy more shares at the lowered price.
Either way, shareholders are then taxed on those gains.

Magellan had a distribution of $5.54 ($0.91 income and $4.63 capital gains) on
December 11.
-- 
INTERNET:  tbarnes@teknowledge.com
  USENET:  {hplabs|sun|ucbvax|decwrl}!tbarnes%teknowledge.com
HARDCOPY:  Cimflex Teknowledge, 1810 Embarcadero Road, Palo Alto, CA 94303
   PHONE:  (415) 424-0500 x416     FAX:  (415) 493-2645
Newsgroups: misc.invest,misc.consumers,misc.entrepreneurs,sci.econ,misc.legal
From: raphael@fx.com (Glen Raphael)
Subject: Re: ***(NEW EDITION) JAPANYES;VERY POPULAR PAPER ON JAPANESE BUSINESS STRATEGY (1of2)
Organization: FXD/Telerate, Mountain View, CA
Distribution: na
Date: Wed, 16 Dec 1992 04:07:43 GMT

rvkl60@aus18a25.sps.mot.com (Tom Mathes) writes:

>In article <1992Dec10.003933.28315@fx.com> raphael@fx.com (Glen Raphael) writes:
>>>The dumper usually has very deep pockets and a long-term vision which
>>>is shared with his financial backers.  The "dumpee" can only fight this
>>>if he also has deep pockets and/or his backers will let him operate at
>>>a loss for some period of time.  Unfortunately, in the US, so much
>>>emphasis is placed upon short term profits that this is not allowed, and
>>>the dumpee concedes the market.  At that point, the dumper raises his
>>>prices to a level that could not have been sustained if competition
>>>existed.  
>>
>>That's the theory. But can you find ANY example of it ever happening anywhere
>>in this century?  I thought not.

>Sure can.  The video game market is a small example (check out
>what Nintendo charges; the prices for games never change).

Excuse me, but are you claiming that Nintento sold games at a loss?
I find that very hard to believe. Evidence?

>We have that happening the themarket for lithography equipment in semi-
>conductors.

Interesting. Reference?

>We seem to get the Japanese latest/greatest machine 
>about a year after the Japanese first get it.  That often puts us
>at a manufacturing disadvantage.

That's not predatory pricing/dumping. It's something else. Stupidity, perhaps.
A "fair trade" advocate would claim that it's *good* that they keep their
new machines off our market as long as possible, so we have a chance to
foster a local industry in that product. Otherwise, why institute tariffs and
dumping duties to keep out products we don't yet make ourselves?

>>Read _The Fair Trade Fraud_ by James Bouvard.

>Read "Head to Head - The Coming Economic Battle Among Japan, Europe, and
>America", by Lester Thurow, William Morrow & Co., 1992.

I will certainly do so.

>Tom Mathes                                e-mail : rvkl60@email.sps.mot.com
>Motorola Inc. / MOS Memory Products Div.  phone  : (512) 928-7627
>Austin, Texas

Glen Raphael
raphael@fx.com
Newsgroups: misc.invest
From: pvonk@scott.skidmore.edu (Pierre VonKaenel)
Subject: Re: Why is Borland downgraded?
Organization: Skidmore College, Saratoga Springs NY, 12866
Date: Thu, 17 Dec 1992 14:24:07 GMT

In article <FOX.92Dec16205734@graphics.nyu.edu> fox@cs.nyu.edu (David Fox) writes:
>In article <1992Dec10.210433.24151@webo.dg.com> holmes@mrx.webo.dg.com (Chris Holmes) writes:
>
>
>   They announced a work force reduction of 15% or 350 people, incurring a 
>   $35 mil restructuring charge this quarter.  Their reason?  "...a looming
>   price war in the software industry."
>
>But hasn't Borland software *always* been cheap?  Doesn't a price
>war put more pressure on Borland's competitors than on Borland?

Turbo Pascal 1.0 came out at about $39.95 (or was it $29.95?), but now
their products are not cheap if not upgrading.  And if upgrading (e.g.
Paradox upgrade was $179) you upgrade *often*.  Their products weigh
in at $300-$700 range, in general (the major apps).  I think the price
war may be "competitive upgrades", but that's already been happening!


-- 
Pierre von Kaenel	| Skidmore College	     | pvonk@skidmore.edu
Math & CS Dept.		| Saratoga Springs, NY 12866 | (518)584-5000 Ext 2391

"Experience is the name everyone gives to their mistakes." Oscar Wilde