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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Susan Saline who wrote (16275)9/11/1998 9:50:00 AM
From: Larry S.  Read Replies (2) of 53068
 
Chat GIC, HAIN: -
GIC - General Instrument earlier in the week announced 10mm share buyback, about 5.8% of float. THen yesterday, Forstman Little announced they were postponing their planned sale of remaining stake in GIC. GIC has guaranteed business for the next few years supplying most of the major cable companies with upgraded cable boxes.
HAIN - reported record earnings yesterday after market, was down yesterday several points, opened down today another 1.5 points. This is serious concern and i would suggest waiting to let HAIN settle before hoping on it. larry
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