To: ChrisJP who wrote (68152 ) 10/23/2000 3:06:20 PM From: Jim Bishop Read Replies (2) | Respond to of 150070 Bear Stearns picks 23 stocks based on new disclosure rules NEW YORK, Oct 23 (Reuters) - Take a long, hard look at the earnings histories of companies you're thinking of investing in, recommends one top Wall Street firm. In the new era of full disclosure, the past may hold the only clues to what a company is capable of in the future. Regulation FD (Fair Disclosure) -- created to make companies evenhandedly disseminate information that could move the price of its shares -- will force companies to clam up and will make investing harder, investment bank Bear Stearns Cos. Inc. said in a research note on Monday. "It is even more important for investors to identify companies with good earnings consistency," said Liz Mackay, the firm's chief investment strategist. "A company's earnings history and the quality of its management could be the only benchmark on which investors can base their investment decisions." Bear Stearns compiled a list of 23 companies with reliable earnings histories, indicating they will report profit growth in the future. Strong compound earnings growth for an extended time period and five-year sales growth around 10 percent were two of the criteria Bear Stearns used to pick the companies. A full list follows: American Home Products Corp. <AHP.N> American International Group <AIG.N> Applebee's International, Inc. <APPB.O> Brinker International, Inc. <EAT.N> Charles Schwab Corp. <SCH.N> Danaher Corp. <DHR.N> EMC Corp. <EMC.N> Expeditors International of Washington, Inc. <EXPD.O> Fannie Mae <FNM.N> Freddie Mac <FRE.N> Jacobs Engineering Group Group Inc. <JEC.N> Johnson & Johnson <JNJ.N> Medtronic Inc. <MDT.N> Microsoft Corp. <MSFT.O> Omnicom Group Inc. <OMC.N> Safeway Inc. <SWY.N> Schering-Plough Corp. <SGP.N> Solectron Corp. <SLR.N> Sun Microsystems Inc. <SUNW.O> Walgreen Co. <WAG.N> Wal-Mart Stores Inc. <WMT.N> Femsa <FMX.N> Television Francaise 1 <TFFP.PA> ((Financial Services Desk 212-859-1588)) REUTERS *** end of story ***