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To: Johnny Canuck who wrote (16980)7/6/1998 11:04:00 AM
From: Lachesis Atropos  Respond to of 69827
 
A recent short-sighted SI thread: Message 5036442

Lachesis



To: Johnny Canuck who wrote (16980)7/7/1998 10:38:00 AM
From: Clint E.  Read Replies (4) | Respond to of 69827
 
Harry, In my "aggressive trading acct", I am buying 30 AMZN July 140 calls at 6-3/8.

Clint



To: Johnny Canuck who wrote (16980)7/9/1998 4:57:00 AM
From: Johnny Canuck  Respond to of 69827
 
news.com

Trend gives Cisco more voice
By Ben Heskett
Staff Writer, CNET NEWS.COM
July 8, 1998, 2:30 p.m. PT

news analysis SAN JOSE, California--New office
buildings for Cisco Systems are rising out of dusty
and vacant lots here, unimpeded by the flux
surrounding the industry--a testament to the
networking giant's position as king in sales of data
communications equipment.

LIVE stock quote

Delayed 20 minutes

Cisco Systems Inc.

CSCO
94.2500
+1.62%

Lucent Technologies Inc.

LU
87.1875
+2.05%

3com Corp.

COMS
29.5625
+2.83%

Northern Telecom Ltd.

NT
57.3125
-0.65%

Bay Networks Inc.

BAY
32.6250
-0.63%

Ascend Communications
Inc.

ASND
51.2500
+2.12%

For more details, go to
NEWS.COM Investor.

While others in the market have stumbled, Cisco
has chugged along, apparently oblivious to
disruption. But a series of recent mergers in the
networking and telecommunications industry have
blurred the lines between voice and data-driven
networks, offering a new challenge to Cisco's
supremacy.

Critics say the company's decision to drive into
markets dominated by telecommunications
equipment providers like Lucent Technologies is
foolhardy, while company executives and some
analysts believe that the current evolution of
networks plays right into Cisco's hand.

The company built itself into a multibillion-dollar
powerhouse through sales of routing devices which
serve as the "backbone," or interconnection points,
for various parts of the Net. In response to a trend
in the industry, Cisco also offers a bevy of cheaper
switching devices. Going forward, however, it will
be the equipment that offers service providers the
ability to roll out a variety of services that will give
data communications players the highest margins
and reap for them the biggest profits.

Overburdened circuit switches deployed for voice
communications increasingly will be replaced by
more versatile devices that can treat voice and
video as just another form of "packetized" data
over a high-bandwidth connection--an emerging
shift often called "convergence." The recent
proposed merger of Northern Telecom and Bay
Networks underscores this evolution, along with a
slew of other recent deals.

"Cisco really now has competition to be paranoid
about," said Jeremy Duke, analyst with market
watcher In-Stat.

These moves seem to be of little concern to Cisco,
despite the recent admission by the company's chief
executive officer that the firm misplayed attempts to
partner with companies like Lucent, which now will
become its rivals.

"I take issue with the term 'convergence,'" said
Larry Lang, vice president of marketing for Cisco's
service provider organization. "It's more of a
conversion than a convergence. Really, it isn't us
going into new markets, but the market coming to
us.

Whatever it's called, this confluence has left Cisco
in the path of larger firms such as Lucent and
Nortel. A recent lawsuit by Lucent against
A ˜˜Ž w¢ ˜˜ö-
a pesky ploy to delay the
data giant's product efforts--reinforces the high
stakes in the networking market these days.

"What Lucent and Nortel see is their traditional
application--that is, voice calls--moving into the
new world and they're not equipped for this new
world," Lang noted with rising confidence. "For
Lucent, they just resorted to lawsuits, which isn't
going to get them any closer to being a new world
player at all."

Nevertheless, Lucent has made inroads in the data
market, announcing new equipment recently that
could challenge Cisco at the lucrative high end and
opening its wallet for several niche data players.

Some of Cisco's more traditional data-based
competitors are ready to watch their larger rival
duke it out with telecommunications equipment
firms. 3Com, the second largest data player,
essentially has drawn a line at the high-end public
networking equipment segment and said they will
partner, rather than compete in this area.

"There's going to be a very,very bloody war. We
are not going to be a direct participant in that war,"
Eric Benhamou, chairman and chief executive
officer at 3Com said recently. "Cisco has painted
themselves into a corner. They have to play a solo
strategy. It's going to be a very violent clash."

Others echo Cisco's sentiment that it is simply a
case of the trends moving in its direction: "I think
Cisco's very happy--sitting pretty right now," said
Maribel Lopez, analyst with Forrester Research, in
a recent interview.

Cisco, meanwhile, maintains it has not ruled out
future partnership opportunities with the likes of
Lucent and Nortel. "These two particular
conversations did not go very well, mostly due to
unrealistic expectations," Lang said. "We are
always open to partnering with people who bring
good things to the table."

What is clear is that Cisco has entered turf where
they are no longer the 800-pound gorilla of the
industry, a fact that could be an asset or a crutch.
As networks converge to support a variety of data
across a single high-speed connection, barriers and
walls between markets will fall at a rapid pace.

How each player in this market reacts to these
changes will largely determine their success or
failure going forward. As Lang noted: "It's all about
execution in the end."



To: Johnny Canuck who wrote (16980)7/9/1998 5:00:00 AM
From: Johnny Canuck  Respond to of 69827
 
investors.com

PCs Not Immune To Year 2000 Problems

Date: 7/9/98
Author: Michael Lyster

You've heard the horror stories about the Year 2000 problem shutting down airports and
dumbfounding banks. Most of the tales involve aging mainframe computers and archaic
operating
systems.

But the Year 2000 problem could even stump that sprightly desktop PC of yours.

''A few years ago, the Year 2000 was looked at as a mainframe problem,'' said Richard Heiman,
an
analyst with Framingham, Mass.-based International Data Corp. ''The desktop isn't immune from
this either.''

Just like mainframes, some personal computers, especially those more than four years old, can
mistake the year 2000 for 1900. Some versions of popular software published before '97 can
make
the same mistake.

Even if you have an older machine in your home, you need not be alarmed. Unless you're
handling
sensitive financial data, such as tracking a long- term mortgage, your computer will continue to
function - if you don't mind your clock being off by 100 years.

Users of business PCs, however, should know that the problem could hamper the ability of their
machine to interact with other computers.

Chances are your PC software can be brought up to date with a free software fix downloaded
from
the Internet. Or you may have to buy a new version of a program. If the problem rests with your
computer's hardware, though, you may be looking at a more costly fix.

With computers getting cheaper by the day, replacing your machine altogether is an option you
may
want to consider. If not, you should know there are three ways the Year 2000 problem can trip up
your PC.

The first has to do with your computer's Basic Input Output System. Your computer's BIOS is
stored on a chip and connects the operating system software with peripherals like printers.

The BIOS is central to the Year 2000 problem because it controls your computer's clock. If you
have a PC with a 486 or older processor, it probably won't handle the 2000 changeover. Some
early Pentium chips also may have trouble. The Year 2000 isn't a problem for more recent
Pentium
and Pentium II models.

If your BIOS is stuck in the 20th century, you'll have to upgrade it. The BIOS is stored on a chip
on
your computer's motherboard. That's the main circuit board, which houses the processor.

Companies such as Unicore Software Inc. of Andover, Mass., and American Megatrends Inc. of
Norcross, Ga., specialize in BIOS upgrades. Expect to spend $50 to $80 including installation.

The second possible trouble spot for your PC is its operating system. Microsoft Corp.'s new
Windows 98 is year 2000-compliant. Windows 3.1 isn't, though, and early versions of Windows
95
could have problems, too. You may have to replace the entire operating system, and that could
require hardware upgrades.

Users of Apple Computer Inc.'s computers don't have to worry, the company says. Apple's
machines and operating systems have been year 2000-compliant from the start, it says.

Apple users and others, however, do have to worry about the third area of vulnerability for PCs -
individual programs on a computer. Spreadsheets, databases and financial applications could
get
tripped up by the changeover.

Take Mountain View, Calif.-based Intuit Inc.'s Quicken program. Only Quicken 98 is fully year
2000-compliant, the company says. Earlier versions are written to handle dates only through
1999.
More recent versions are good through 2027, though some online banking features aren't year
2000-compliant.

The only way to resolve the problem is to upgrade to Quicken 98, which sells for $35. In May, a
class-action lawsuit was filed in New York against Intuit that contends the company should offer
free
fixes to customers who bought earlier versions.

Recent versions of Microsoft's Office suite of word processing, spreadsheet and other software
are
year 2000- compliant. You still may have trouble, though. If you're not careful, the way you
handle
dates in your spreadsheets can cause year 2000 troubles.

Excel 97 recognizes two-digit years like 02 as being 2002. But in Excel 95, only numbers
between 0
and 19 are treated as being in the 21st century. The solution is to use four-digit numbers for
dates.

If you're unsure whether your PC is compliant, you can do a test to see how your PC and
software
will handle the year 2000 changeover. Go to the clock in Windows and change the date to Dec.
31,
1999. Set the time to 11:58 p.m. Turn off the computer, restart it five minutes later, and see if it
displays 1900 or 2000.

Use caution, analysts say. Back up your hard disk drive or at least key data before trying this
test.
IDC's Heiman says he's heard of cases in which users have damaged their computers by doing
this
test.

Some companies offer software to diagnose year 2000 PC problems and even fix some of them.
They include 2000 ToolBox from Santa Clara, Calif.-based Network Associates Inc. and Check
2000PC from Greenwich Mean Time-UTA LC of Arlington, Va.

You also can download a free diagnostic utility called YMARK2000 from National Software
Testing Laboratories of Conshohocken, Pa.




To: Johnny Canuck who wrote (16980)7/9/1998 5:40:00 AM
From: Johnny Canuck  Respond to of 69827
 
Thursday, July 9, 1998

Wireless phone firms back on track

By PHILIP DeMONT
Telecom Reporter The Financial Post
Canada's wireless telephone companies should finally post better subscriber numbers in the
latest three
months of 1998 after a half year of lousy results, analysts said.
That should breathe some life into a sector that has faltered since the appearance of two new
personal
communication service competitors last year.
"For those people who thought Canada was dead [in wireless], these figures should prove them
wrong," said Michael Krebs, treasurer of BCE Mobile Communications Inc.
Clearnet Communications Inc., one of the new PCS carriers, said late Tuesday it had added
52,410
new wireless customers during the April-June period, an increase of 11.7% compared with
January-March.
Canada's other new wireless carrier also looks set to post stellar results. Glen Campbell, an
analyst
with Merrill Lynch & Co., estimates Microcell Telecommunications Inc. will add about 50,000
A ˜˜Ž w¢ ˜˜ö-
eriod, a jump of 58.7% compared with the first three months.
Both companies showed strong subscriber growth during the Christmas period and the first
three
months of 1998.
Many industry watchers point to Clearnet's impressive distribution network and "no-hassle" sign-
up
policy as keys underlying its success.
Microcell benefits from its strong Fido ad campaign, analysts said.
Meanwhile, the two publicly traded cellular companies seem to be ready to make a comeback
for the
second quarter.
Bay Street analysts predict BCE Mobile should add about 38,000 subscribers in the April-June
period.
It had only 20,000 in the first quarter. Owned by BCE Inc., it has had problems attracting
subscribers,
mainly because the new carriers produced superior ad campaigns.
Rogers Cantel Mobile Communications Inc. should add about 25,000 customers in the second
quarter,
making it the worst performer of the four. But Cantel's performance would represent a big
success
compared with its additions of 12,200 for the first three months of 1998.
A weak ad campaign, network hassles and widespread management changes conspired to hurt
Cantel's showing in the Christmas quarter and first three months of 1998.



To: Johnny Canuck who wrote (16980)7/9/1998 5:43:00 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 69827
 
For those interested in contract manufacturers:

Notice that HADCO also announced an earnings disappointment
yesterday.

******************************

Thursday, July 9, 1998

Geac will have to 'buy' earnings growth

By KEITH DAMSELL
Technology Reporter The Financial Post
Shares of Geac Computer Corp. Ltd. plummeted 14% yesterday on fears its profits may have
peaked.
In a conference call with analysts, executives at Markham, Ont.-based Geac warned unless it
makes
gains through acquisitions this year, earnings may be flat in 1999. That prompted a rapid selloff
in the
shares. The stock (GAC/TSE) fell $7.15 to close at $42.85 in heavy trading.
The warning confirmed the fears of some observers. Geac wins
top marks for its aggressive acquisition strategy and ability to turn
around operations of its software purchases around the world.
But some say it has failed to foster growth through investment in
research and development.
In the past three years, sales from internal operations have
grown a modest 10% to 20%, while some industry rivals have
gained 50% to 75%.
"Geac is an acquisition story," said analyst David Tyerman of
Loewen Ondaatje McCutcheon Ltd. "The company has never
had a track record of growing internally."
Despite management's conservative earnings forecast, Tyerman
and other analysts are maintaining "buy" ratings on the stock.
"Momentum players got a little panicky" and drove down shares,
said Joe Vejvoda of L‚vesque Beaubien Geoffrion Inc. Since
June, Geac has made two purchases that will add $23.5 million to
revenue next year and he expects the cash-rich company to
continue buying. Vejvoda has a 12- to 18-month target of $80 on
the stock.
The share slump followed a "sparkling performance" by Geac in fiscal 1998, chairman, president
and
chief executive William Nelson said.
For the fourth quarter ended April 30, profit was $53 million (88› a share) on revenue of $167.8
million. That figure is about $8.5 million above expectations because of several one-time factors,
including a tax refund. A year earlier, Geac had income of $20.5 million (35›) on revenue of
$135.1
million.
For the year, profit was $168.7 million ($2.82) on revenue of $646.4 million, compared with a
loss of
$71.1 million ($1.22) on revenue of $381.2 million last year.