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To: Douglas V. Fant who wrote (53543)10/26/1999 6:19:00 AM
From: Think4Yourself  Read Replies (1) | Respond to of 95453
 
MOB? You invest in a company run by people who care not for their stockholders?

Mobil Excludes Some Investors From Earnings Call

Fairfax, Virginia, Oct. 25 (Bloomberg) -- Mobil Corp., which
is being bought by Exxon Corp., excluded some investors from a
conference call in which it discussed third-quarter earnings.

Only analysts and institutional investors were permitted on
the call with top executives, a Mobil spokesman said.

The exclusion means smaller investors without access to Wall
Street research aren't privy to the call's detailed discussions,
which can result in significant moves in the price of a stock.

Last week, U.S. Securities and Exchange Commission Chairman
Arthur Levitt asked companies to let all investors participate in
conference calls about important information.

Exxon, the largest U.S. oil company, is buying No. 2 Mobil
in a transaction now valued at about $81.8 billion in stock and
assumed debt. Exxon didn't allow all investors on its conference
call either.

Fairfax, Virginia-based Mobil said third-quarter profit rose
42 percent on higher oil and natural-gas prices. Profit from
operations rose to $705 million, or 87 cents a share, shy of the
89-cent average estimate of analysts polled by First Call Corp.

Mobil shares fell 4 15/16 to 97 1/16. Exxon fell 2 13/16 to
74 1/16.



To: Douglas V. Fant who wrote (53543)10/26/1999 8:20:00 AM
From: BigBull  Read Replies (3) | Respond to of 95453
 
Douglas, "fundamentals improving", you betcha. The final piece of the demand puzzle is falling in place. This is what I've been waiting on.

bloomberg.com

Now of course, this is too abstract for most traders to grasp and will probably not effect stock prices in the short term. Will it effect prices in the long term? Most definitely! JMVVHO

How do you say Boom 2000 auf Deutsch?

Having said all this Gary will probably start calling for $10 oil. <g> Just kidding Gary, just kidding.