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To: Harry Landsiedel who wrote (26515)5/23/1998 1:13:00 PM
From: rupert1  Respond to of 97611
 
Thread: From this week's Barrons:

May 25, 1998

Small Caps Generate Good Earnings, But Little Interest
By ANDREW BARY

Fidelity Investments loudly proclaims that its managers remain stock pickers and not closet indexers against the S&P. Yet in the first quarter, Fidelity funds, which had maintained a significant underweighting in most of the big consumer and drug stocks for many years, continued to add to their holdings of those issues..........................................................

Fidelity was a big buyer of Merck, Intel, Gillette, Warner-Lambert, Ford Motor, Cisco Systems, Dell Computer and AT&T in the first quarter. Significant sales included Lucent Technologies, SmithKline Beecham, Schlumberger, Wal-Mart, Compaq, and RJR Nabisco, Techmetrics data show.

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