DELL, PTEK, TTEC. Sold DELL (early?) to preserve a 2 point gain. Sold TTEC (late?) to preserve a 1 1/2 point gain. Will probably dump PTEK by close 'cause I hate to nurse a stock that's broken support... for a 1 1/4 point loss.
Holding IDTI, MRVC, ASPT and SCUR...watching AFCI and ASDV, possibly SFAM and FCLX.
This news on PTEK (peripherally) explaining the Barron's article yesterday, should have helped, did not however.
ATLANTA, Ga. and REDMOND, Wa., Jun 28, 1999 (BUSINESS WIRE via COMTEX)
-- In response to inquiries regarding a report in Barron's (6/28/99),
WebMD and Microsoft issued the following statement:
"As previously announced, Microsoft is investing $250 million cash into
WebMD and has entered into several strategic operating agreements with
WebMD. The Barron's report of June 28, 1999 is not referring to this
investment or these agreements. In addition to this investment, as also
announced earlier, Microsoft previously tendered for shares of WebMD
from existing WebMD shareholders and had assigned rights to an
immaterial portion of those shares to investors that Microsoft regards
as strategic, long-term holders. Those rights were assigned at a
significant premium to Microsoft's tender offer price. WebMD shares are
only converted upon the consummation of the merger with Healtheon, and
because WebMD is a privately held company, there are substantial
restrictions on the sale, exchange or transfer of its shares. Microsoft
remains firmly committed to WebMD and looks forward to the finalization
of WebMD's merger with Healtheon."
|
