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To: Haim R. Branisteanu who wrote (19722)	7/8/1999 9:56:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 99985

use surpluses in the pension funds to increase earnings I just ran across something is the last few days concerning this. It had to do with IBM and some others changing their pension plans that just recently. I do remember for sure that it was a rip off and they were going to be heavily OVERFUNDED when the change was made. People just do not realize how they can cook the books. I remember a few years ago the only way IBM managed to remain profitable was through selling idle fixed assets. I agree with you and don't blame you. Except for a little in mutual funds(most of my mutual funds are in the US Treasury Money Market account within the fund...I won't even put it in the funds regular MM fund) all I am doing is some position(swing) and day trading. Otherwise I am all cash. Now I have been wrong for a long time by doing that but you know .... that interest does look nice every month. Always a plus on the statement. the usual scambag type that in previous generation sold Miracle Drugs or the nearby Town Bridge LOL...You got that right. Heck all they do is push what the home office tells them to push. Learned that the hard way a long time ago.

To: Haim R. Branisteanu who wrote (19722)	7/8/1999 9:56:00 PM
From: Les H	Respond to of 99985

Hot debut puts focus on Japan OTC high-techs (Jasdaq) By Yuko Inoue TOKYO, July 9 (Reuters) - A small information technology company that burst on to Japan's over-the-counter (OTC) market last month shows investors may be widening their interest in high-technology stocks, analysts say. Future System Consulting , which combines management consulting and systems integration services, made its trading debut on June 22 at 33.5 million yen ($272,000) per share, more than five times its issue price of 6.5 million yen. The gap between its issue and selling price set a record for the Japanese OTC market, where issues are booming amid signs the country's economy is finally turning around. Its price earnings ratio, an important barometer of the value of a stock, climbed as high as 402, compared with about 100 for an average software company. ''This is, of course, extremely high,'' said Makoto Ueno, analyst at Daiwa Institute of Research. ''People tend to bet on growth potential and demand for high-tech growth issues is just huge.'' The feverish demand for Future System shares indicates investors, who are pouring money into Internet stocks like Softbank Corp and Yahoo Japan , may be widening their scope to include the information technology sector. Analysts say a combination of sophisticated software skills and management consulting expertise make Future System attractive. ''It probably won't have to watch its back (for competitors) for at least two years,'' said Daiwa's Ueno. Ken Segawa, analyst at Warburg Dillon Read, said one of Future System's biggest assets is its president, Yasufumi Kanemaru, who several years ago turned down an offer from Microsoft Corp (Nasdaq:MSFT - news) Chairman Bill Gates to buy his company. Kanemaru is known for developing information systems for convenience store operator Seven-Eleven Japan . ''One advantage of an independent company is that you can offer clients the best possible information system without having to stick to any one computer maker,'' a Future System spokesman said. Future System shares closed up 6.7 percent at 31.9 million yen on Thursday. The company, formed in 1989, expects its net profit to grow 44 percent to 248 million yen in the year to December. It is aiming for annual profit growth of about 30 percent over the next five years, the spokesman said. Future System is one of several firms set up in the past decade that have bolstered the OTC market, including Yahoo, Oracle Japan and Hikari Tsushin . While the big-cap Nikkei average has risen about 10 percent over the past month, the Jasdaq index, similar to America's Nasdaq and a barometer for the country's smaller companies, has surged more than 43 percent. Some analysts liken Japan's market situation to that of the United States in the early 1990s, when Microsoft and other high-tech companies began to lead the economy's expansion. ''Much like the emergence of Nasdaq in the United States, we are now starting to see on the OTC the emergence of companies like these that are going to take Japan into the future,'' said David Scott, investment manager at Jardine Fleming. But as the Jasdaq swells, others fret that a bubble is forming.If the pace of Japan's economic recovery proves slower than expected, the OTC market could turn volatile, said Noboru Terashima, analyst at ABN Amro.

To: Haim R. Branisteanu who wrote (19722)	7/8/1999 11:18:00 PM
From: KM	Read Replies (2) \| Respond to of 99985

Mania? You decide. I could hardly type this post I was laughing so hard: LOS ANGELES--(BUSINESS WIRE)--July 8, 1999--In one of this year's strangest stock-picking contests, MonkeyDex announced the "Beat the Monkey" stock contest Thursday. For the first time ever, Wall Street and its army of high-paid analysts, experts and brokers will be able to actually test their skills against a real live chimpanzee! MonkeyDex is the Internet's first index of Internet stocks picked by an actual monkey. MonkeyDex was created in January of 1999 when Raven, a 6-year-old female monkey, tossed darts at a dartboard of 133 Internet-related stocks. Incredibly, her picks for the first six months of the year increased 55 percent. Lunacy, ridiculous and speculative frenzy are all popular descriptions of the wild swings being experienced by Internet stocks and the portfolios of Internet investors. "There is hardly a day that goes by that a fortune isn't won or lost by some lucky or unlucky Internet investor. It's truly the wild, wild west. So let's see who the best man (or monkey) truly is," said Roland Perry, editor of the Internet Stock Review and creator of the MonkeyDex. The contest is open for registration for the first 1,000 participants until midnight PST (Pacific Standard Time) July 11. The first round of the contest begins at the market open on Monday, July 12, and ends at the close of the market on Friday, July 30. The first ever Internet stock-picking contest limited to publicly traded Internet companies, the Beat The Monkey contest will pit Raven's picks from January against the picks of all the entrants. Raven's picks will not change for the duration of the series of monthly contests. To enter the contest, visit monkeydex.com Raven's picks, which will be selected and updated annually, currently include AudioHighway (Nasdaq:AHWY), CMGI Inc. (Nasdaq:CMGI), iMall (Nasdaq:IMAL), Inktomi (Nasdaq:INKT), ISS Group (Nasdaq:ISSX), Kushner-Locke (Nasdaq:KLOC), Lycos (Nasdaq:LCOS), Netspeak (Nasdaq:NSPK), Onsale (Nasdaq:ONSL) and Ozemail, which merged with MCI WorldComm (WCOM). The winner will receive a Dell Computer P200XPS with 64 MB of Ram and a 4 GB hard drive, 16XCD with 2 MB of Video Memory and a 15-inch .28 SVGA Teramars Monitor. The contest sponsor for the month of July is AllNet Services (OTC:ANSC). AllnetServices.com Corp. specializes in online marketing and distribution of a broad range of products and services at wholesale prices to both consumer and trade customers. The entry with the highest dollar value increase/lowest dollar value decrease in stock portfolio value during the contest period will be the winner. See the official contest rules at the MonkeyDex.com Web site.<<