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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: tekboy who wrote (33505)	10/21/2000 11:48:23 PM
From: Uncle Frank	Respond to of 54805

Hot off the presses: Saturday October 21 11:00 PM ET GE Seals Deal to Buy Honeywell -Sources By Patricia Vowinkel NEW YORK (Reuters) - General Electric Co. , moving with lightning speed, sealed a deal on Saturday to buy aircraft electronics giant Honeywell International Inc. sources familiar with the situation said. It was not immediately clear how much Fairfield, Conn.-based GE had agreed to pay. United Technologies Corp., however, had offered about $40 billion in stock, or about $50 a share, for Honeywell before its merger talks broke down on Friday after GE expressed interest. GE and Honeywell could not be reached immediately for comment. Honeywell, based in Morris Township, N.J., is a leading maker of avionics, or aircraft electronics, as well as turbochargers, specialty chemicals and automated control systems. GE, a leading manufacturer of aircraft engines, would gain additional strength in the sector with an acquisition of Honeywell, but may have to make some divestitures to win the approval of anti-trust regulators. Among its many interests, GE also owns financial services powerhouse GE Capital and the NBC television network. GE Chairman Jack Welch, who only learned late Thursday that Honeywell was in merger talks with United Technologies, apparently called Honeywell's board on Friday morning, to discuss a bid just as the board was considering the United Technologies offer. ``When you get a call from Jack Welch and he says 'Don't do anything because I'm prepared to meet you and top the bid', you don't have to wonder if he's serious,'' one source said. ``No one is going to say 'You're not serious; you can't do it,'' he said. And, he noted, the Honeywell board would have a fiduciary duty to its shareholders to consider the offer. Shares of Honeywell rose $10-5/16 or nearly 29 percent, to close at $46 in regular trading on the New York Stock Exchange (news - web sites), giving the company a market capitalization of about $36 billion. Shares of GE fell $3-3/8, or more than 6 percent, to close at $52-1/4 in regular trading on the New York Stock Exchange on Friday. GE's 11th hour offer on Friday came just one day after United Technologies and Honeywell confirmed they were in merger talks. United Technologies had offered 0.74 of a share of its stock for each of Honeywell's 801 million shares outstanding, according to people familiar with the situation. The proposed deal valued Honeywell at about $40 billion, or $50.32 a share, in stock. But United Technologies shares fell sharply in trading on Friday, reducing the value of the bid to about $36 billion, or about $45 a share. CNBC, an affiliate of General Electric, first reported the talks between United Technologies and Honeywell late Thursday afternoon and then broke the news to Welch, who was on the floor of the New York Stock Exchange at the close of trading. When told of the talks between United Technologies and Honeywell, Welch expressed surprise and told CNBC he would have to think it over. Welch, who turns 65 on Nov. 19 and is scheduled to retire next April, apparently didn't have to think about it for long and it may have helped that he has ties with Honeywell's former Chairman, Lawrence Bossidy. Bossidy, a former top executive at GE, was chairman and chief executive of Allied Signal when the company agreed in June 1999 to acquire Honeywell. The combined company retained the name Honeywell and he stayed on as chairman until April 2000.

To: tekboy who wrote (33505)	10/22/2000 12:40:09 AM
From: rudyprins	Respond to of 54805

Thanks for your thoughts, Tekboy; and Shubert, I also have created ports separating my core holdings (INTC, CSCO, NTAP, JDSU, SEBL for example) from my other plays (ELON, WIND,GMST for example), but not to the extent that you have done. I appreciated your input on that. I have found that my core holdings never went below 20% this year while the others have gone red on occasion. Some still are. I also thank the discussions on this board for keeping me mostly in stocks with good genes. Tekboy, I have had the discipline to stay the course because I took the LBH approach seriously after taking the RM seminar at TMF last fall and reading BB's incessant lecturing (his posts <g>) about GGaming and Tortoises as co-enrollees in that seminar and as coworkers in the RB seminar last spring. It stuck and I'm grateful to him for doing it, even though I did not know at the time that he was a what again, "bot", or something? (LOL). Although I'm still on a steep learning curve,I have a lot of curiosity, but need to temper my aggressive tendencies with the fact that I am in a semi retirement mode and need to try very hard not to make serious mistakes that I may not have time to overcome in my time frame. I will need to start to tap my port in a few years. Furthermore, I am going to be working on the "Retirement Seminar" at TMF next month and expect to put some of this input to work there. BTW,at the conclusion of the Rule Breaker seminar last spring, I created a mock port (on SI) for the two groups that I facilitated of the top 6 picks of the seminar so the enrollees could follow them over time if they wished to: ARBA, BLDP, HGSI, ITWO, LHSP, NTAP. Want to see how the port has done to date? Given the current discussions of strategies, there should be no surprises??? Here ya go: siliconinvestor.com rudy

To: tekboy who wrote (33505)	10/22/2000 3:50:58 AM
From: Bruce Brown	Respond to of 54805

I'm the last guy around here you want to take advice from. Except Bretsky will be taking advice from your 'fresh' experience of diaper changing, sleepless nights, family bonding and life changing experience.... The only reason I do the active stuff is because I don't have the discipline to sit back and do nothing like Buckley and Brown... With your 3 hour daily commute, new child in your life and a wife that needs your full attention - I think sitting back and doing nothing on the second portion of your portfolio might be a valuable exercise for you. Otherwise, watch out for flying frying pans, glasses, books and whatever else is in reach from your better half. <ggg> By the way, sometimes a tortoise takes action and does do something. When everyone is checking their guts on the pavement and experiencing the dry heaves, a tortoise uses the opportunity to go long on some of those heaves. Three times in the past decade the sound of dry heaving has awakened the tortoise. Will there be dry heaves at least three times in the coming decade? BB