sonki infobeat closing bell
Finance - Full Closing Bell for Friday, June 19, 1998
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Symbol Security Close Change Volume
(00s)
AOL <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=AOL> America Online Inc. 96 3/8ÿ +2 1/2ÿ 34656ÿ
CMGI <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=CMGI> CMG Info Svcs. Inc. 50 1/8ÿ - 3/4ÿ 5636ÿ
CDN <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=CDN> Cadence Design Systems Inc. 31 3/16ÿ - 5/16ÿ 12051ÿ
SCH <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=SCH> Charles Schwab Corp 30 5/8ÿ - 13/16ÿ 6500ÿ
CSCO <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=CSCO> Cisco Systems Inc. 83 1/8ÿ +1 ÿ 94948ÿ
CCI <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=CCI> Citicorp 150 1/16ÿ - 11/16ÿ 23318ÿ
CPQ <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=CPQ> Compaq Computer Corp 27 1/2ÿ - 1/16ÿ 61120ÿ
DELL <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=DELL> Dell Computer Corp 84 3/4ÿ + 1/8ÿ 74004ÿ
DIA <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=DIA> Diamonds Trust 87 1/16ÿ -1 7/32ÿ 5061ÿ
DUK <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=DUK> Duke Energy Corporation 59 9/16ÿ - 13/16ÿ 6986ÿ
EK <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=EK> Eastman Kodak Co 67 1/8ÿ - 13/16ÿ 9714ÿ
GE <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=GE> General Electric Company 87 ÿ - 15/16ÿ 68233ÿ
HD <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=HD> Home Depot Inc. 82 1/8ÿ -2 ÿ 24606ÿ
IBM <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=IBM> IBM 106 1/8ÿ -2 11/16ÿ 48840ÿ
INTC <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=INTC> Intel Corporation 70 ÿ + 5/16ÿ 172229ÿ
LU <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=LU> Lucent Technologies 72 1/4ÿ - 11/16ÿ 41053ÿ
MCIC <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=MCIC> MCI Communications Corporation 56 1/2ÿ +1 13/16ÿ 81142ÿ
MRK <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=MRK> Merck And Co. Inc. 126 7/8ÿ -2 ÿ 35995ÿ
MSFT <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=MSFT> Microsoft Corporation 94 11/16ÿ +3 1/2ÿ 228364ÿ
MOT <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=MOT> Motorola Inc. 49 3/4ÿ - 5/16ÿ 17110ÿ
PFE <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=PFE> Pfizer Inc. 111 1/2ÿ -2 7/8ÿ 55016ÿ
MO <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=MO> Philip Morris Companies Inc. 38 11/16ÿ - 7/8ÿ 59162ÿ
PG <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=PG> Procter And Gamble Co 88 3/8ÿ -1 1/2ÿ 30373ÿ
QWST <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=QWST> Qwest Communications Intl Inc 29 9/16ÿ - 7/16ÿ 15127ÿ
SPY <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=SPY> Standard And Poors Dep Receipts Uts. 110 1/16ÿ - 57/64ÿ 35491ÿ
MDY <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=MDY> Standard And Poors Mid Cap Dep Rec 67 9/64ÿ - 7/16ÿ 2512ÿ
SUNW <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=SUNW> Sun Microsystems Inc. 42 9/16ÿ + 7/16ÿ 29296ÿ
TBR <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=TBR> Telecommunicaoes Brasileiras Sa 107 15/16ÿ +1 9/16ÿ 40467ÿ
VVUS <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=VVUS> Vivus Inc. 6 1/16ÿ - 1/4ÿ 10368ÿ
WMT <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=WMT> Wal Mart Stores Inc. 57 7/8ÿ - 1/8ÿ 42296ÿ
WLA <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=WLA> Warner Lambert Company 63 11/16ÿ - 3/16ÿ 23871ÿ
WCOM <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=WCOM> Worldcom Inc 47 1/16ÿ +1 5/16ÿ 195484ÿ
YHOO <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=YHOO> Yahoo Corporation 129 1/4ÿ +1 1/2ÿ 36944ÿ
FSAIX <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=FSAIX> Fidelity Select Air Transportation 28.35ÿ +0.07ÿ ÿ
FSPHX <http://www.investools.com/cgi-bin/T/charts/MERC?symbol=FSPHX> Fidelity Select Health Care Port. 120.04ÿ -0.30ÿ ÿ
DJIA Dow Jones 30 Industrials 8,712.87ÿ -100.14ÿ ÿ
Click on a symbol to see its performance graph over the past year.
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General Electric Company (GE)
Eleven people, including a number of GENERAL ELECTRIC CO Canada employees, were killed early on Thursday when a plane crashed in flames at Montreal's Mirabel airport as the pilot attempted an emergency landing. "There were no survivors, given the flames and the force of the explosion," Raymond Monette, general manager of Mirabel Airport, told reporters at a news conference. Mississauga, Ontario-based GE Canada confirmed in a statement that some of its GE Hydro division employees were on board the aircraft. (Reuters 08:06 PM ET 06/18/98) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554692214-32b>
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General Electric Company (GE)
GE Medical Systems, a unit of GENERAL ELECTRIC CO, said that it formed a marketing alliance with IMATRON INC to distribute a cardiac scanner, the Imatron C-150 Ultrafast CT scanner, throughout the United States and Canada. Imatron's scanner uses electron beam tomography to create "stop-action" images of the heart and measure calcium deposits in coronary arteries, assisting physicians in early detection of heart disease, the company said. Under the distribution agreement, resulting contracts will be written directly with Imatron, which will install and service units, while GE Medical provides financing options for customers purchasing the equipment, the company said. (Reuters 10:42 AM ET 06/19/98) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554702126-64c>
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MCI Communications Corporation (MCIC)
Worldcom Inc (WCOM)
WORLDCOM INC and MCI COMMUNICATIONS CORP held talks with the European Commission about winning approval for their merger, but it was unclear whether they were successful. The negotiations ran right up to the start of a meeting of merger advisers from the 15 European Union states. The highly-secretive panel met for four hours but members declined to comment on the outcome of their discussions. "There were discussions with the Commission up to the last minute on a new proposal," a member of the advisory merger committee told Reuters. Commission spokesman Stefan Rating refused to say anything. (Reuters 11:27 AM ET 06/19/98) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554702560-24d>
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Merck And Co. Inc. (MRK)
ASTRA AB and MERCK AND CO agreed to restructure their 50-50 joint venture, Astra Merck Inc, in a deal that industry sources say could ultimately be worth $10 billion to $15 billion for Merck and gives Astra management control of the venture. The companies said that Astra Merck's business will be combined with Astra's wholly owned subsidiary Astra USA Inc. in a new U.S. limited partnership, named Astra Pharmaceuticals LP, over which Astra will have management control as the general partner. Merck said the agreement is expected to close July 1. The deal gives Astra the right to buy out Merck's stake in 2008 for no less than $4.4 billion. (Reuters 08:50 AM ET 06/19/98)
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Merck And Co. Inc. (MRK)
MERCK AND CO said the restructuring of its joint venture with ASTRA will be immediately accretive to earnings because Merck will share in the revenues, but not the costs, of Astra product sales in the U.S. At a briefing, Merck CFO Judy Lewent said the company will get a percentage of Astra's U.S. revenues based on the product and the level of sales. The exact percentage was not disclosed. Astra said the restructuring would dilute its earnings by nil to 5 percent in 1998 and 1999, and be accretive to earnings by more than 5 percent starting in 2000. (Reuters 11:50 AM ET 06/19/98) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554702916-bc7>
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Microsoft Corporation (MSFT)
Goldman Sachs said it raised its 1998 earnings estimate for MICROSOFT CORP to $1.77 per share from $1.75 per share. (Reuters 10:10 AM ET 06/19/98)
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Microsoft Corporation (MSFT)
MICROSOFT CORP chairman Bill Gates said he was optimistic about the continuing growth of the personal computer industry despite Asia's financial crisis. "In terms of the worldwide PC market, this was another year of strong growth, (with) units growing well over 15%, that's a very gratifying result when you have 90 million units a year being sold," Gates said in a news conference in Taipei. Gates said some Asian economies had been in a down cycle, but this would not affect world market growth for personal computers. (Reuters 07:21 AM ET 06/19/98) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554699957-43e>
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Motorola Inc. (MOT)
Late yesterday, information technology and engineering firm Getronics NV announced that it expects to reach an agreement on the acquisition of Motorola Radio Systems (MRS), a subsidiary of MOTOROLA INC. MRS was formerly a subsidiary of Bosch PMR which Motorola Land Mobile Products Sector acquired last year. MRS is active in mobile communication and supplies voice and data radio communication systems in the Netherlands. The company has 14 employees. (Reuters 07:03 PM ET 06/18/98) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554691467-b30>
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Pfizer Inc. (PFE)
PFIZER said it has received a non-approvable letter from the FDA for its novel antipsychotic Zeldox (ziprasidone Hcl). Pfizer said it is planning to meet with the FDA to discuss the issues raised by the agency, including the possible submission of additional data, as suggested by the FDA. "We are obviously disappointed at this development, but remain confident of the safety and efficacy of Zeldox," said John F. Niblack, Ph.D., executive vice president of Pfizer Inc and head of R&D. "We remain committed to making every effort to bring this medicine to patients in the U.S. and around the world. (PR Newswire 02:05 PM ET 06/19/98) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554704578-ce0>
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Telecommunicaoes Brasileiras Sa (TBR)
Brazil was busy Friday preparing an appeal of a court ruling that annuls a shareholders meeting that broke up TELECOMMUNICAOES BRASILEIRAS SA in preparation for its July 29 sale. "We're putting the final touches on our arguments and are going to appeal to the Superior Court of Justice (STJ)," said a spokeswoman at Brazil's Attorney General's Office. Government officials expect to lodge their appeal of the ruling by the Regional Federal Court (TRF) in Sao Paulo later Friday or on Monday. The TRF decided late Thursday to resuscitate an old injunction, granted and then quashed before the meeting, that sought to prevent stockholders from gathering to split up Latin America's biggest telecom. (Reuters 10:38 AM ET 06/19/98) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554702092-f5a>
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Telecommunicaoes Brasileiras Sa (TBR)
A Brazilian court has annulled last month's shareholders meeting where TELECOMMUNICAOES BRASILEIRAS SA was broken into 12 holdings as a vital prelude to its privatization on July 29, news reports said. The government plans to appeal the ruling by the Regional Federal Court (TRF) in Sao Paulo and said that for now the company's breakup remains valid, Folha de S.Paulo daily said. Reports of the TRF's decision and expected appeal could not be independently confirmed early Friday. (Reuters 08:32 AM ET 06/19/98) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554700794-872>
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Dow Jones 30 Industrials (DJIA)
MARKET NEWS: The Dow closed sharply lower Friday amid doubts about a speedy cure for Japan's ailing economy, with selling fueled by quarterly expiration of stock derivatives. The Dow closed off 100 points, or 1.14%, at 8713, off 122 on the week. The Standard & Poor's 500-company index ended off six points at 1101, eking out a two point gain for the week. On the New York Stock Exchange, declining issues led advancers by three-to-two with a heavy 695 million shares changing hands. The Nasdaq ended up nine points at 1781, up 36 on the week. The 30-year Treasury bond was up 16/32 to yield 5.68%. The dollar rose to just under 137 yen after dipping to a one-month low of below 134 overnight. For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2554706564-212>
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