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To: drenko who wrote (25285)7/13/2000 4:12:45 PM
From: Dealer  Read Replies (2) | Respond to of 35685
 
GMST-RNWK--Newspaper, cable-related shares up

By David B. Wilkerson, CBS.MarketWatch.com
Last Update: 2:51 PM ET Jul 13, 2000 NewsWatch
Latest headlines

NEW YORK (CBS.MW) - Cable-related shares were among Thursday’s advancers in the media sector.


Today on CBS MarketWatch
Nasdaq extends gains; Dow rises
J.P. Morgan smashes past estimates
Net stocks surge as earnings delight
General Electric posts record quarter
Crude oil boosts import prices
More top stories...
CBS MarketWatch Columns
Updated:
7/13/2000 1:55:12 PM ET



Following significant gains on Wednesday, Gemstar (GMST: news, msgs) advanced. Gemstar closed its $9.2 billion acquisition of TV Guide Wednesday. Gemstar stock rose 4 5/8 to 74 3/8 in early afternoon trading.

Among other cable-related gainers, set-top box leader Motorola (MOT: news, msgs) rose 2 9/16 to 38 13/16, and Scientific-Atlanta (SFA: news, msgs) rose 2 9/16 to 87 3/16.

Late Wednesday, Motorola reported second-quarter results that were in line with most estimates, prompting an upgrade from CS First Boston. See full story.

Time Warner (TWX: news, msgs) advanced 3 11/16 to 85 13/16, while America Online (AOL: news, msgs) was better by 2 1/4 at 59 1/4.

Time Warner said it will take a non-recurring second-quarter charge of $50 million. The charge is due to a Georgia Court of Appeals ruling that upheld a December 1998 verdict against Time Warner Entertainment and Six Flags units. Time Warner is expected to report quarterly results on July 18; a First Call consensus estimate puts results at a profit of 8 cents a share.

Meanwhile, AOL said it will use RealNetworks (RNWK: news, msgs) software to provide interactive and broadband entertainment to the Internet access provider’s 23 million customers. Financial terms of the deal were not disclosed. See full story.

Among newspaper companies, Washington Post (WPO: news, msgs) rose 4 7/8 to 485, while E.W. Scripps (SSP: news, msgs) and New York Times Co. (NYT: news, msgs) were better by less than a point.

After rising earlier in the session, Dow Jones (DJ: news, msgs) shares lost 1 3/8 to 71 7/16. The publisher of The Wall Street Journal reported second-quarter earnings that obliterated most analysts’ estimates, but some investors are concerned about an advertising slowdown in the second half of 2000. See full story.

McClatchy Newspapers (MNI: news, msgs) shares edged 1/4 lower to 35. The company said second-quarter net income rose to $24.8 million, or 55 cents a share, from $22 million, or 49 cents, a year ago. Respondents to a First Call survey predicted a profit of 53 cents. But investors were slightly spooked by Chief Executive Gary Pruitt’s statement that “higher newsprint prices and interest rates to continue to impact our results” during the third and fourth quarters of 2000



To: drenko who wrote (25285)7/13/2000 5:10:02 PM
From: Percival 917  Read Replies (1) | Respond to of 35685
 
Hi Danny,

How are you and "Muscles" doing? I don't know what's with ELON. Can't figure that one.

Last time I spoke to Coonaz he was having a bad bout with the same bug as before the party. I have tried to call but keep missing him. Will try again on the way home.

As far as golf, you go get that new Callaway driver, then hit the weights and add about 25 pounds of muscle, do those grip exercises (and no wisecracks from Polvie and Clappy here) and you might be able to get within 30 yards of me.<VBG>

As for the quote, I know 3 golf movies, Tin Cup, Happy Gilmore and Caddyshack. I don't claim Caddyshack 2 at all. Don't remember the quote being from them.

Later,
Joel