HDTenEightyP/NetNews huggingface dataset:
From: Manish.Agarwal@launchpad.unc.edu (Manish Agarwal)
Newsgroups: misc.invest
Subject: any opinions on glaxo???
Keywords: glaxo, investment, stocks
Date: 21 Dec 92 17:10:16 GMT
Distribution: usa
Organization: University of North Carolina Extended Bulletin Board Service

hello netters.

i was curious to know if anyone had any opinions on investing in glaxo. 
their anti-migrain drug has been approved in europe and is up for approval
in the U.S.. the stock is also trading at a low of about $24-25 on NYSE.
40% of their sales are from the U.S. market (will clinton's new policies
severly affect glaxo?).  in size they're second worldwide, behind
merck...but first  in terms of percentage of sales spending in terms of
R&D.  appears a good long-term buy to me...

manish agarwal
georgetown university

agarwal@guvax.georgetown.edu 
--
   The opinions expressed are not necessarily those of the University of
     North Carolina at Chapel Hill, the Campus Office for Information
        Technology, or the Experimental Bulletin Board Service.
           internet:  laUNChpad.unc.edu or 152.2.22.80
From: ramezani@are.Berkeley.EDU (Cyrus A. Ramezani)
Newsgroups: misc.invest
Subject: What is variable Insurance (VI) ?
Date: 24 Dec 1992 04:51:36 GMT
Organization: UC Berkeley, Agr & Res Economics
Distribution: world
NNTP-Posting-Host: are.berkeley.edu


Dear Netters/Investors,

   I hope this is not too dumb of a question but I am wondering
what variable insurance is.  I have seen references to this term
in the context of retirement planning but have no clue what it is.
Or how it works. Any pointers will be most appreciated!

Regards,

Cyrus.
Newsgroups: misc.invest
From: hweingra@.com (Howard Weingram)
Subject: Re: Buying New Stocks On The Day They Go Public
Reply-To: hweingra@oracle.UUCP (Howard Weingram)
Organization: Oracle Corporation, Belmont, CA
Date: Fri, 25 Dec 1992 05:53:48 GMT
X-Disclaimer: This message was written by an unauthenticated user
              at Oracle Corporation.  The opinions expressed are those
              of the user and not necessarily those of Oracle.

In article <77987@hydra.gatech.EDU> andy@federation.gatech.edu (Andy Register) writes:
>In article <1992Dec10.153055.4845@eng.umd.edu> georgec@eng.umd.edu (George B. Clark) writes:
>
>Now as to the first day, Marty says something to the effect that you
>can buy on the first trade and still lock in most of the gain.  I don't
>remember his advice about when to sell but within the first 6 months
>seems like prudent advice given his historical summary.
>
>The only time I tried this, (on a brokers advice) the ipo went from
>10 to 9 the first day and stayed around 9 1/4 for a long time.  :-(

Like anything else, you need to be careful with IPOs. There is no single
rule that defines how every new offering will do.

The best thing you can do is become informed about the company
that is doing the offering -- i.e., do your research. It's often
more difficult to get information about private companies and their
prospects, and it's especially hard when they are about to go
public. But unless you have an understanding of their business
and prospects, you don't want to mess around with these risky
stocks.

If you ARE going to buy shares in a company that's going public,
try to buy them directly from the underwriters if that's possible,

			howie
Newsgroups: misc.invest
From: hcy@cbnewsh.cb.att.com (hon-chi.yu)
Subject: It's that time of the year: a question on unexpected capital gain
Organization: AT&T
Distribution: usa
Date: Mon, 28 Dec 1992 19:25:55 GMT




        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?
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,
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? 


Thank you very much in advance.

Newsgroups: misc.invest
From: pan9a@faraday.clas.Virginia.EDU (Patricia Anne Nasr)
Subject: Suggestions for Asian Mutual Funds
Keywords: mutual fund, asia, eurobond
Organization: University of Virginia
Date: Thu, 31 Dec 1992 03:42:52 GMT

can anyone offer suggestions for good mutual funds focusing on Asia
(Pacific Rim and/or Japan), preferrably no-load

so far I've found T.R.Price New Asia


and can anyone comment on Eurobond mutual funds?
(and make any suggestions?)

thanks




Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: Joker '88 -- the way to make money
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Sun, 3 Jan 1993 23:59:21 GMT

In article <1017@rc1.vub.ac.be> rdictus@vnet3.vub.ac.be (Roy Dictus) writes:
>Joker '88 is a German financial game where the risks are minimal
>and the gains are incredible.  For every $96 investment you make,
>you stand to gain $69,984 in profits in a six-to-eighteen month
>time span.  All you have to do is find three other participants,
>and the money will start rolling in!
>
>For more information, send me a note.
>
>Roy D., rdictus@vnet3.vub.ac.be

Hm... 69,984 is 96x9x9x9.  What a coincidence with $96 down and three
more participants.  Not a penny off.  A 729 fold return in 18 months.
I better rush in to learn this miracle investment; maybe I can get
Clinton to nominate me as the Treasurary Secretary into Bentson.

Not only this is a joke to get suckers to part with their money; it is
ILLEGAL.  You can get fine $5000 and 6 months hard time for each
offense through mail.  If you don't believe me, call your local post
office.
From: burt@iscsvax.uni.edu
Newsgroups: misc.invest
Subject: Penny Stocks for '93.
Date: 22 Dec 92 12:09:51 -0600
Organization: University of Northern Iowa

Please review and give your opinion of the following
penny stocks:

Belcor      (----)
Koger Prop. (KOG)
LTV         (LTV)
Memorx-Telex(MEMXY)
New Valley  (NVL)
Wang Lab.B. (WANB)

Your suggested selections will be appreciated.
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 23 Dec 92 20:58 PST
Subject: Re: S-corp advantages and disadvantages
Nf-ID: #R:1992Dec23.163901.3610@ctaeng.com:1734228204:cdp:1426500314:000:2034
Nf-From: cdp.UUCP!mcaldon    Dec 23 20:58:00 1992


|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
|held S - corporation

IMO a C-Corp is a better vehicle for this purpose.  S-Corps are subject to
more limitations and restrictions.  I don't know of any reason to use
an S-Corp except to use losses to reduce stockholders' annual income
taxes.  In that respect it has some advantages over a partnership and
certainly a C-Corp.  At one time, and probably now as well, any kind
of a corporation that the IRS could classify as a personal investment
holding company was subject to punitive taxes.  So it is wise to have
your corporation perform some functions other than investment holding.

|As I see it if family members of several generations are owners of the
|corporation, they have control of the assets of the corporation.  When
|the elders pass away the corporation maintains control of the assets,
|and the shares of stock are the only taxable assets in the estate.

I believe this is correct and in widespread use.  Different classes of
stock can be useful in protecting control by the elders while transferring
real assets to succeeding generations.

|This brings up the question of how value is determined for the shares of 
|stock within a closely held s-corporation.  Are there ways to tie the value
|of stock to the working capital or annual profits of a company.
|jeff

Trust your friendly IRS to handle this for you.  Don't forget, your
corporation must file annual tax returns; form 1120 for the C-Corp. I
forget what the form for an S-Corp is; I have some lying around but
because I shut my S-Corp down, they're not handy.

|       DMcKenzie        |      "Time is the best teacher.      |    
|    mcaldon@igc.org     |    Unfortunately, it kills all its   |
|                        |    pupils."   Hector-Louis Berlioz   |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: holowczk@rwja.umdnj.edu (Richard Holowczak)
Newsgroups: misc.invest
Subject: Need Rec. for Money Management SW
Summary: Need Rec. for Money Management SW
Keywords: Money Management
Date: 30 Dec 92 03:08:32 GMT
Distribution: misc
Organization: Robert Wood Johnson Medical School, Piscataway NJ

if it is.  

Can anyone recommend some SW for managing personal finances? I have
heard of one program called "Managing Your Money" by a company called
MECA.  Did this used to be from a guy named Tobias?

Anyhow, my sister and brother in law are looking for something to 
keep track of savings, investments and sometime soon, a mortgage and
other related money matters.  They have a 286 laptop PC running DOS
right now so any Windows, Unix or Macintosh apps are out of the
question.

Thanks in advance,


Rich Holowczak               holowcza@andromeda.rutgers.edu
Rutgers University
Ph.D. Computers and Information Systems Program
"Availability of Distributed Databases During Network Partitioning"
+---------------------------------------------------+---------------+
| The .sig, the whole .sig and nothing but the .sig | Ask about the |
|           <<< This space for rent >>>             | car alarm FAQ |
+---------------------------------------------------+---------------+
From: shag@aero.org (Robert M. Unverzagt)
Newsgroups: misc.invest
Subject: Re: "Market efficiency"
Date: 21 Dec 1992 19:00:19 GMT
Organization: Organization?  You must be kidding.
NNTP-Posting-Host: aerospace.aero.org

In article <1992Dec21.174028.26252@cbfsb.cb.att.com> chandrab@cbnewsf.cb.att.com (b.chandramouli) writes:
> 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:
> >|> 	Tobias in his "The only investment guide you ever want (or something
> >|> close to this title)" :
> >|> 
> >|> 	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.
> >
> 	I agree 100% if your definition of value is the present value of a
> dicounted future stream of dividends. But the circularity inherent in the
> definition of value (or worth) is seen in the following example. If someone
> tells you that he bought a tulip  for $1200, you will laugh at him. But if
> you saw a tulip in a shop yesterday for $2095, you will even tell him,
> "Hey, you got a bargain on that tulip.". The tulip example, though sounds
> academic, did actually take place in 18th century Holland (during the
> tulip mania and after the tulip crash the "value" of tulip dropped from
> 1200 to 100 or so.)
> 
I don't know where I got the following data -- it was posted
by someone to this group a while ago.  Just thought I'd show
it, as long as the tulip example is being used.

The bull market in tulips began in 1634 (17th century, incidently)
and lasted 36 months.  Tulips went up 5900%, i.e., an annual
return of 290%.  After three years a 10 month bear market took
over, causing prices to decline 93%.  Note that you still had
more money after this boom/bust cycle than at the start.

The same thing cannot be said of the boom/bust in Mississippi
shares in 1719.  A 13 month bull market ran the prices up 6200%
(4500% annual return), then a 13 month bear market knocked off
99% of the value, leaving you with something like 60 cents on the
dollar.

Shag

-- 
       Rob Unverzagt        |
  shag@aerospace.aero.org   |   The will to a system is a lack of integrity.
unverzagt@courier2.aero.org |                        - Friedrich Nietzsche 
   18348@rhodes.aero.org    |
From: yoga@peacetime.Corp.Sun.COM (Yogesh Patel)
Newsgroups: misc.invest
Subject: SunMicro?
Date: 22 Dec 1992 20:59:47 GMT
Organization: Sun Microsystems, Inc.
Distribution: usa
Reply-To: yoga@peacetime.Corp.Sun.COM
NNTP-Posting-Host: peacetime.corp.sun.com


Today, 12/22, SUNW dropped almost one buck on "some" news according to
my quotetool.  I don't know what news is going around.  Can anyone tell?

 thanxs/
-yogesh
Newsgroups: misc.invest
From: jsanchez@halcyon.com (Jim Sanchez)
Subject: Posting Stock Picks from WSW
Organization: The 23:00 News and Mail Service +1 206 382 MAIL (382-6245)
X-Newsreader: TIN [version 1.1 PL8]
Date: Sun, 3 Jan 1993 03:44:46 GMT

If anyone has the transcript from the year end Wall Street Week, why not
post the stock selections from the guests for the rest of us.  Would be
greatly appreciated.
thanks
-- 
Jim Sanchez
Hughes LAN Systems jsanchez@halcyon.com
Kirkland, WA 98033 (206)828-7417 (voice) (206)828-2454 (FAX)
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Best Way to Take Long-Term Cap Gains?
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Tue, 29 Dec 1992 03:42:22 GMT

In article <1992Dec28.232403.9917@netcom.com> dman@netcom.com (Dallman Ross) writes:
>I am lucky enough to have owned Microsoft for over 6 years now.  I have
>seen my investment go up about 6.5 times.  I don't want to sell.  But
>I am finishing up graduate school and this might be a good year to sell,
>since I have no real income and have about $12,000-worth of deductions
>that I could use.  By the end of next year I will hopefully be gainfully
>employed, and it seems to me that it would be foolish to sell the stock
>and pay capital gains when I'll be in a higher tax bracket.
>
>Are the long-term capital gains laws going to be changing?  How long

Clinton sure hasn't been strong about changing the capital gains
laws, so I wouldn't count on any change.


>would I have to sit on my profits before buying more Microsoft if I
>don't really want to be out of it but want the sale to be taxed in 1992?

Oh, all of about 5 microseconds.  You can give your broker
simultaneous sell/buy orders.  If you are very very lucky, you might
get a "preferred" or reduced commission rate for this round trip
sell/buy, but your broker is not obligated to help you out here.

But there is no need to wait after you sell a stock at a agin before
you buy it again.

>Any advice would be appreciated.  Guess I've just got a couple of
>days to decide what to do.

Look at the effect on your taxes each way.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: kevr@is.morgan.com (Kevin Reilly)
Subject: Boston Chicken
Organization: Morgan Stanley & Company
Distribution: usa
Date: Sun, 3 Jan 1993 21:34:11 GMT


Could someone please send me the tick symbol, exchange
and anyother info regarding Boston Chicken?

Posting it would be just as sufficient as I read misc.invest
everyday. Thank you all in advance!!

Kevin M. Reilly

Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: What is variable Insurance (VI) ?
Organization: TRW, INC.
Distribution: usa
Date: Thu, 24 Dec 1992 18:38:38 GMT

In article <1hbfkoINNnel@agate.berkeley.edu> ramezani@are.Berkeley.EDU (Cyrus A. Ramezani) writes:
>
>   I hope this is not too dumb of a question but I am wondering
>what variable insurance is.  I have seen references to this term
>in the context of retirement planning but have no clue what it is.
>Or how it works. Any pointers will be most appreciated!

If you're talking about variable life, then as I understand it, it is a
combination of death benefit *and* investment vehicle.  The insurance
companies have some mutual funds that you can invest in (that's where
the variable part is).  Frequently these funds are run by a major fund
family (like Fidelity) and parallel some of their families (may even
have the same manager).  The funds available are likely to be less than
the larger fund families, but may be 6 or so.  That will give a choice
of money market, and various amounts of aggressiveness.

I don't have any pointers but I'd suggest a trip to the Reader's Guide
to Periodical Literature.  May have been mention in Money, Fortune,
Forbes, etc.

Under current tax laws, the variable life offers a substantial tax
advantage in the sense that withdrawals can be made tax-free.  I'm not
too clear on this, and Congress in their ever widening quest for
"revenue enhancement" :-( may pickle this one off.

I'd certainly advise anyone not to jump in merely on the basis my
posting (or probably anyone else's :-).  Do your own investigation.
If you do, look for an insurance company with "segregated accounts".
This means that the investment account is separate from the insurance
account and even if the company goes into chapter 11, the investment
account is shielded from the creditors.

Usual disclaimers.
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: hsue@ellis.uchicago.edu (yung chang  hsueh)
Subject: infor wanted: fax number of major financial institutions
Reply-To: hsue@midway.uchicago.edu
Organization: University of Chicago Computing Organizations
Date: Tue, 29 Dec 1992 06:11:36 GMT

I am looking for a list of fax numbers of the Personel Office of major
financial institutions in the USA.  Does anyone have any idea as where
I can get it, please let me know.

Thank you very much.
From: dbernard@clesun.Central.Sun.COM (Dave Bernard)
Newsgroups: misc.invest
Subject: Re: Novell to buy USL
Date: 24 Dec 1992 12:52:10 GMT
Organization: Sun Microsystems
Distribution: world
Reply-To: dbernard@clesun.Central.Sun.COM
NNTP-Posting-Host: clesun.central.sun.com

-Larry Watanabe watanabe@cs.uiuc.edua writes:


>The problem is not the price of UNIX software -- it is the limited
>market for UNIX software. If there was a much larger market
>for it, it could be made much cheaper. I'm sure the software
>developers would be happy to charge 1/100 the price per
>copy, if they could  sell 1,000,000 times as many copies.

Of course, a way to generate volume is to reduce price.  Problem is,
the UNIX ISV market is still living in the "value pricing" days, when
the larger and more powerful the (mainframe, mini,) system, the higher
the price of software.  UNIX systems have tumbled in price, but software
prices have not followed suit accordingly.  This is putting a crimp on
the expansion of the UNIX market, where buyers don't give a hoot for the
underlying OS, but are just buying business (read, software) solutions.

	Dave
Newsgroups: misc.invest
From: meyers@lorenz.ocean.fsu.edu (Steve Meyers)
Subject: Re: Buy Recommendation For Shares Priced Greater Than Book Value
Organization: Florida State University
Date: Tue, 22 Dec 92 19:25:44 GMT

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?

Steve
Newsgroups: misc.invest
From: sullivan@brandx.enet.dec.com ()
Subject: Re: Mutual Funds or I.R.A.'s?????
Reply-To: sullivan@brandx.enet.dec.com ()
Organization: Digital Equipment Corporation, Maynard, Massawhat?
Date: Wed, 30 Dec 1992 16:31:54 GMT

The book was Kurt Brouwer's Guide to No-load Mutual Funds.

As for IRA versus mutual funds question, I think what you mean to ask is the 
following (along with my answers).

Should I have an IRA?

The answer is most definitely yes. And the sooner you start the better, because
of the effects of compound interest over time.  (I wish I had the sense
to do so
at your tender young age).

Should I invest in Mutual Funds?

I believe the answer is definitely yes, both for IRA and non IRA purposes. The
tricky question here is which one(s).  This depends on at least some of the
following (the above book and others can fill you in on all the questions you
should ask of yourself and of the funds)....

	- What are my objectives? (ie at your age an IRA is for long term
	growth, whereas non-IRA investments may be short, intermediate, or 
	long term).

	- What is my risk tolerance? (indicates type of fund).

	- Which funds perform best? (there are about 3000 funds. look for
	no-load funds that consistently perform better than the other. Kurt's
	book is good for advising how to do this).

	- Plus other questions too numerous to mention.

Newsgroups: misc.invest
From: copeland@pioneer.arc.nasa.gov (Kimberly Copeland RCA)
Subject: Most FAQ
Organization: NASA Ames Research Center, Moffett Field, CA
Date: Tue, 29 Dec 1992 19:07:17 GMT

Could someone please re-post (or e-mail me) the most 
current list of FAQs.  Thanks
-- 

K. Copeland
E-mail ames::"copeland@pioneer.arc.nasa.gov"
phone: (415) 604-6312 or (415)465-5390
P.O. Box 10923
Oakland, Ca 94610
Newsgroups: misc.invest
From: calinski@calspan.com (Peter Calinski)
Subject: Re: Cassie Seifert
Keywords: NBR
Organization: Calspan Advanced Technology Center
Distribution: usa
Date: Mon, 21 Dec 1992 14:45:31 GMT

In <16DEC199222194390@csa2.lbl.gov> schindler@csa2.lbl.gov writes:

>Trivia question:  Do you recognize the name Cassie Seifert?

>Is this most-excellent babe from the Nightly Business Report married?

Hey forget Cassie, what about Sue Herara (sp) from CNBC, much more 
most-excellent.
Newsgroups: misc.invest