wow guess we are on to something here read this press release top paragraph speaks about real networks, rnwk which we covered on this thread and bottom paragraph explains cmd's big move
will dig out list of good alf's and we can look and see who moved up today.
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The Motley Fool's Market Movers (Heroes)
The Motley Fool - September 16, 1998 18:06
September 16, 1998/FOOLWIRE/ -- Online media streaming
technologies company RealNetworks (Nasdaq: RNWK) gained $4 7/8 to $24 1/2
after announcing that it will license online video streaming technology from
Intel Corp. (Nasdaq: INTC). In addition, Intel will help RealNetworks
promote and market the technology to video users on the Web. While the
licensing deal will not directly generate additional near-term profits or
revenues for the Seattle-based company, announcing to the public that your
company has a business relationship with chip giant Intel never seems to
hurt. Often, Intel will also take an equity stake in the companies with
which it forms similar development partnerships, such as its July purchase
of an 8.2% non-voting stake in visual systems developer Evans & Sutherland
(Nasdaq: ESCC). Already, Microsoft (Nasdaq: MSFT) has decided that
RealNetworks is a good enough investment opportunity to warrant a 10% equity
stake.
Discount brokerage leader Charles Schwab (NYSE: SCH) advanced $3 3/8 to $40
9/16 after announcing that it expects to report an estimate-beating earnings
performance for its third quarter. The San Francisco-based discount
brokerage pioneer and Internet brokerage leader said heavy trading volumes,
the strength of its domestic business, good expense and risk management, and
"the absence of any international proprietary trading" accounted for
expected earnings of $90 to $97 million, or diluted EPS of $0.30 to $0.35.
Analysts had been expecting EPS of $0.28 to $0.32, with a mean estimate of
$0.30, so the performance beat the guidance of management. In outperforming
the market since midyear, Schwab has proved that price isn't the key point
to performance in the discount brokerage world. Instead, good
infrastructure, product offerings, and excellent mindshare among customers
have been more instrumental in keeping the company the King of the Hill.
Sunrise Assisted Living Services (Nasdaq: SNRZ) moved up $4 3/4 to $30 after
BankBoston Robertson Stephens analyst Sheryl Skolnick upgraded the provider
of elderly assisted living services to "buy" from "market perform." In an
interview with CNBC, Skolnick said firms like Sunrise "are not dependent on
the government for their livelihoods and are faring pretty well" compared
with other healthcare providers, such as managed care providers and
for-profit hospital operators. The comments speak to the problems the
healthcare industry has faced since Congress decided to trim roughly $20
billion from Medicare reimbursements to HMOs over the next five years in an
effort to balance the budget. The cuts already have prompted Humana (NYSE:
HUM), Aetna (NYSE: AET), and Foundation Health (NYSE: FHS) to bail out of
some their Medicare HMO business. Sunrise rival CareMatrix Corp. (AMEX:
CMD), which Skolnick also has a good feeling about, rose $5 1/16 to $20
13/16.
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