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Technology Stocks : Comdisco, Inc. (NYSE: CDO) -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (373)	1/20/2000 8:52:00 AM
From: Manzanillo	Read Replies (1) \| Respond to of 689

CDO is mentioned today in a front page article on the Wall Street Journal,regarding companies making a ton of money on their investments in the market. Here is what it says: <<An interesting example is Comdisco Inc. of Rosemont, Ill. The leasing company 13 years ago started taking shares in small start-ups. On Dec. 22, Comdisco surprised Wall Street with an unusual disclosure: Its quarterly earnings would be 40% higher than consensus estimates because of gains from the sale of some stockholdings. The company has a portfolio of small stakes in about 430 companies. Comdisco shares skyrocketed after an analyst concluded unrecognized gains could be as high as $2 billion. But both the company and Wall Street think the market might feel even better about the company if the investments were broken off. "We on the analytical side weren't going to value this as being profits from continuing operations," says John B. Jones Jr., an analyst at Salomon Smith Barney in San Francisco. Comdisco CEO Nicholas K. Pontikes says the company expects to break out results of its venture operation and create a "tracking stock" to reflect the gains.>>