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Technology Stocks : Advanced Fibre (AFCI) ** IPO

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To: DaveMG who wrote (465)5/11/1998 11:20:00 PM
From: Gloria G  Read Replies (1) of 3299
 

Dow Jones Newswires -- May 11, 1998
Kobrick-Cendant CEO: Stock Market Will Continue
Climbing

NEW YORK (Dow Jones)--Kobrick-Cendant Inc. Chief Executive
Officer Fred Kobrick expects the stock market to continue climbing on
strong growth, good earnings and lower inflation than the consumer-price
index reports.

Recent earnings disappointments are the result of intense domestic
competition driven by the increasingly globalized economy, not larger
economic conditions, Kobrick told CNBC Monday.

The executive said smart stock pickers will continue to make money on the
market.

"But you really have to be a good bottoms-up stock picker and make sure
you're with the winners and you're not the victims of the winners," Kobrick
said.

Among those winners, Kobrick said he likes Advanced Fibre
Communication (AFCI), Abercrombie & Fitch Co. (ANF), E*Trade
Group Inc. (EGRP), Snyder Communications Inc. (SNC) and Tiberland
Co. (TBL).

-Ted W. Kemp; 201-938-5392

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Copyright c 1998 Dow Jones & Company, Inc. All Rights Reserved.

Everybody is recommending AFCI, lately!
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