SI
SI
discoversearch

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 : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?


To: DMaA who wrote (11106)12/28/1997 11:34:00 PM
From: Scrapps  Respond to of 22053
 
The cheese heads and the Viking shirts will be GONE soon, Chiefs & 9ers in the Superbowl. <GGGG> Goooooo Niners!!!



To: DMaA who wrote (11106)12/28/1997 11:43:00 PM
From: Scrapps  Respond to of 22053
 
Whopper gets a big rival

McDonald's goes after competitor with over-sized 'Big Xtra' burger

December 26, 1997: 2:34 p.m. ET

CHICAGO (Reuters) - McDonald's Corp. said Friday it is launching an over-sized hamburger, the McDonald's Big Xtra sandwich, in certain markets, but doesn't yet plan yet to introduce it nationally.
McDonald's said it introduced the Big Xtra -- a 4.5-ounce beef patty on a large sesame seed bun -- Friday in southeastern Pennsylvania, southern New Jersey, and Kent and New Castle Counties in Delaware. The burger is served with lettuce, tomato and a blend of ketchup and mayonnaise.
McDonald's began testing the burger in September in Burlington, Vt., and is also rolling the sandwich out in Tucson, Ariz., Des Moines, Iowa, and Rochester, Watertown, and Plattsburg, N.Y.
A wider or national roll-out of the Big Xtra depends on how well the burger sells in test markets, said Steve Reiff, Northeast Division marketing manager for McDonald's.
The Big Xtra competes in the "lettuce-and-tomato" burger category, which is dominated by rival Burger King's Whopper sandwich. McDonald's said the Big Xtra has 20 percent more beef than the Whopper.
McDonald's other entrant in the lettuce-and-tomato hamburger category is the Arch Deluxe, which it launched in May 1996. Many analysts have criticized the Arch Deluxe for not helping to bolster McDonald's U.S. business in the face of intensified competition.
Although some analysts have said they expect the Arch Deluxe to be phased out, Reiff said it isn't being replaced by the Big Xtra in the test markets.
"It's in addition to the Arch Deluxe," said Reiff.



To: DMaA who wrote (11106)12/28/1997 11:44:00 PM
From: Scrapps  Respond to of 22053
 
TOKYO (Reuters) - Korean markets rallied on encouraging news from the International Monetary Fund on Friday, but Japanese stocks sank deeply, wiping out gains built over the past two days.
Tokyo brokers said the market was haunted by fears that Japanese banks' tight lending stance might trigger more corporate failures, and that the market was likely to stay nervous amid concerns over the financial health of some Japanese firms.
The key 225-share Nikkei average lost 497.50 points or 3.25 percent to close at 14,802.60. Trading was very light, with only 380 million shares traded.
Worries that relatively small firms, which depend on banks for funds, may fail before the end of 1997 has prompted many stock dealers to close their positions, said Akishige Ishikura, analyst at Dai-Ichi Securities Co. Ltd.
"Everyone has the same thing on their mind," he said.
The last trading day for the Tokyo stock market in 1997 is Tuesday. The market will only be open for half the day.
The Hong Kong and Sydney stock exchanges were closed for the extended Christmas weekend holiday.
South Korean markets reacted euphorically on Friday to an agreement to speed up IMF-led aid payments, but traders said the rally would be short-lived because of concerns over the impact the deal could have on the economy.
Traders said South Korea's agreement to stiffen reforms in return for faster disbursement of the nearly $60 billion in bailout loans would lead to more hardship for Korean firms.
South Korean companies are already experiencing the poorest environment in several decades after a string of corporate failures earlier this year sent a ripple effect through the economy.
Stock investors hailed the deal, which was announced at midnight on Wednesday. The composite index closed trading up 6.74 percent or 23.70 points at 375.15, after peaking at 376.84.
"Investors are letting their breath go as South Korea is getting early loan payments from the IMF," said Kim Young-bum at Seoul Securities.
Brokers said shares of securities firms led the rally on the strength of the overall market's recovery. The sub-index for securities firms was up 7.16 percent or 36.59 to 547.57.
But markets were particularly worried about Seoul's pledge to maintain overnight call rates above 30 percent per annum to stabilize the won currency, attract investment and discourage lending to marginal firms.
The overnight call rates rose to an average of 31.99 percent on Friday from 30.0 percent on Wednesday. Thursday was a market holiday for Christmas.
Higher interest rates would spur dollar sales by companies and individuals, who until now have not been exchanging their dollars because they expected the won to weaken, money market experts said.
But further rises in interest rates appeared also aimed at speeding restructuring of the local industries by causing shaky companies to fold rapidly.
Fears over a continuing wave of corporate failures are growing also because domestic banks have been tightening credit lines to improve capital adequacy levels.
"As banks try to meet BIS [Bank for International Settlements] capital adequacy levels, they will call in loans causing further corporate defaults next week," said Na Young-hwan at Kyobo Securities.
In Singapore, shares lost all their morning gains and ended lower on Friday along with Wall Street on a dismal outlook for the New Year, dealers said.
"There might be a pick-up in volume next week when people start trickling back to work," said a dealer with a local house. "But we are not expecting big orders for the New Year because we think sentiment is still poor."
The Straits Times Industrials Index ended at 1,552.52, down 20.44 points or 1.30 percent, after hitting a high of 1,574.94.



To: DMaA who wrote (11106)12/29/1997 4:24:00 PM
From: Dick Smith  Respond to of 22053
 
Infamous Dave's....

The occasional topic of discussion on this group, Famous Dave's, is featured by the Motley Fool as their "Daily Trouble" today.

fool.com

Sorry, Dave.

Dick