Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications-News Only!!! (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Maverick who wrote (544)	11/14/1997 10:35:00 PM
From: laleh	Respond to of 1629

Please identify source of this information. Thanks.

To: Maverick who wrote (544)	11/15/1997 1:13:00 PM
From: troy halle	Respond to of 1629

ÿ Funds--The Moved and the Shaken: 11-14-97 Morningstar 11-14-97 01:14 PM CST Just two industries produced almost all of the domestic stock fund leaders and laggards--tech on the positive end; oil services to the negative. The Winners Fidelity Select Computers Fund [FDCPX] topped the specialty group with a 3.9% return. The fund held a number of companies operating in the disk-drive business, which finally experienced a good day on Thursday. Beaten down for some time, these companies finally rallied after Sands Brothers upgraded Quantum [QNTM]. Quantum moved 2 7/8 to 28 5/8; Read-Rite [RDRT] climbed 15/16 to 19; and Western Digital [WDC] jumped 1 3/16 to 21. The fund also held large stakes in Intel [INTC], up 3 1/8 to 77 15/16; Applied Magnetics [APM], up 13/16 to 17 1/16; and Ascend Communications [ASND], up 11/16 to 24 3/8. Intel surged after announcing it was extending its $420 million offer for Chips and Technologies [CHPS ] while the Federal Trade Commission studies the proposed acquisition. Fidelity Strategic Silver Fund [STSLX] rose 3.4%. Silver prices soar 4.7% on Thursday after it was reported that strong demand from jewelers and manufacturers was keeping inventories low. The fund's movers included Silver Standard Resources [SSRIF], +5/32 to 4; Pan American Silver [PAASF], +5/8 to 8 1/4; Hecla Mining [HL], +3/16 to 5 3/16; Cambior [CBJ], +3/16 to 7 13/16; and Coeur d'Alene Mines [CDE], +5/16 to 10. Reynolds Blue Chip Growth Fund [RBCGX] was one of the best-performing diversified-U.S. stock funds. It returned 2.0%. Merck [MRK] advanced 1 to 87 15/16 after the company provided an FDA panel with evidence that its drug Propecia could be an effective treatment against male pattern baldness. Motorola [MOT] moved 1 7/16 to 62 3/4. The company won a $53 million contract to expand the cellular network in China's Hubei province. The stock was also upgraded at UBS Securities. Walt Disney [ DIS] climbed 1 5/8 to 84 11/16 after the company's Euro-Disney unit reported stronger- than-expected profits. The fund also held Johnson & Johnson [JNJ], up 1 9/16 to 59 15/16; Cisco [CSCO], up 3 1/16 to 79 9/16; and Intel. Enterprise Growth Fund [ENGRX] held many of the same stocks as the Reynolds fund and returned 1.8%. In addition to Cisco, J&J, Merck and top holding Intel, the fund advanced through the efforts of Compaq [CPQ ], +4 1/4 to 62 1/4, and Bristol-Myers Squibb [BMY], +3 5/8 to 99 3/8. Bristol-Myers gained after Prudential upgraded the stock because of positive news about some of the company's drugs. The Losers The gushing oil services industry dried up on Thursday as investors partook in a bit of profit-taking. Fidelity Select Energy Service Fund [ FSESX] tumbled 2.7%, but investors shouldn't complain. The fund is up 65.4% for the year. Its losers included top holding Schlumberger [SLB], down 1 3/16 to 86; Halliburton [HAL], down 2 3/16 to 53 1/2; Western Atlas [WAI], down 1 5/16 to 74 5/16; BJ Services [BJS], down 1 7/8 to 83 1/4; and Tidewater , down 3 3/8 to 62. Funds of funds, reflecting Wednesday's stock plummet, dominated most of the diversified-U.S. stock fund laggard positions, but a couple of funds heavy into the oil services industry showed up there as well. Alliance Fund [CHCLX] and Oppenheimer Enterprise Fund [OENAX] both fell 1.3%. Alliance lost with the likes of Halliburton, Rowan [RDC], -1 5/16 to 37 1/2; Diamond Offshore Drilling [DO], -2 1/8 to 58 1/16; and Noble Drilling [NE], -1 1/2 to 31 1/2. Oppenheimer's losers included Patterson Energy [PTEN], -4 13/16 to 46 3/4; Cal Dive International [CDIS], -2 3/4 to 30 3/4; and Gulf Island Fabrication [GIFI], -1 3/4 to 28. --Kevin Finnerty ÿ c Copyright 1997 Morningstar, Inc. All rights reserved. \|ÿ Homeÿ \|ÿ Learnÿ \|ÿ Plan ÿ \|ÿ Research ÿ \|ÿ Invest ÿ \|ÿ Monitor ÿ \|ÿ Socialize ÿ \|