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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (10198)	7/13/1998 7:59:00 PM
From: Sabrejet	Respond to of 164684

Ah freeus! you forgot to lock in that profit earlier!!!! Please don't remind me either of MSPG and the "advice" I gave!! My wife can pick'em like that! Remember, they all screamed INTC was a dead buy at 102 last year! This thing is NOT a buy at any price above where it is now,IMHO. How about the new earnings estimates???? Who was buying this on earnings anyway!!!!!!! In this market, rule #1 is never put a rational set of facts to an irrational issue. The result is a very painful death.... We're the ones buying and selling these things. It is still fun!!! sz

To: freeus who wrote (10198)	7/13/1998 8:29:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

The Motley Fool's Market Movers (Heroes) The Motley Fool - July 13, 1998 18:55 EGRP YHOO ZD AMTD INTC MSFT DELL IBM EFX AAPL TINTA LBTYA TCOMA TCIVA LBTYA V%MFOOL P%TMF July 13, 1998/FOOLWIRE/ -- Shares of Internet securities brokerage ETrade Group (Nasdaq: EGRP) rocketed up $10 to $34 1/2 after Japanese software distributor and holding company SOFTBANK announced late Friday that it will take a 27.2% stake in the company for $400 million. Although the companies agreed to price the deal at a premium a little under 5% to Friday's close of $24 1/2, enthusiastic investors bid up the shares of ETrade, following SOFTBANK's lead based on its investment track record. The software company already owns a 31% interest in Yahoo! (Nasdaq: YHOO), 35% of GeoCities, and a 71% stake in Ziff-Davis (NYSE: ZD), publisher of PC Magazine and the ZDNet website. The sale of 15.6 million shares expands the share base of ETrade by approximately 38%. So, with today's action, investors are according ETrade approximately $500 million in equity value on top of what SOFTBANK has bid. The extra cash in hand will allow E*Trade to continue to add value to its products and build its brand. The market likes the SOFTBANK deal, at least today, and thinks it may hurt competitor Ameritrade (Nasdaq: AMTD), which dropped $2 11/16 to $36 1/4. Several computer-related stocks moved higher as we move into the heart of earnings reporting season. Intel (Nasdaq: INTC), which reports late tomorrow, gained $2 5/8 to $82 3/8 as Piper Jaffray raised its Q2 EPS estimate to $0.70 from $0.62, compared with the First Call mean estimate of $0.68. Meanwhile, Microsoft (Nasdaq: MSFT) powered up $4 3/8 to $117 9/16 in anticipation that it will post better-than-expected Q4 earnings on Thursday as well as on reports that Windows 98 is selling better than analysts had predicted. Dell Computer (Nasdaq: DELL) picked up another $5 3/8 to $106 3/16 on optimism that sales will improve in the next six months and that distributors' PC inventories are falling. IBM (NYSE: IBM) inched ahead $7/8 to $119 3/8 after signing a 10-year, $900 million deal to provide computer services to credit reporting firm Equifax Inc. (NYSE: EFX). Last but not least, comeback kid Apple Computer (Nasdaq: AAPL), which is also reporting earnings this week, rose $1 7/8 to $33 15/16. International media company Tele-Communications International (Nasdaq: TINTA) jumped $2 to $23 7/8 after announcing that Liberty Media Group (Nasdaq: LBTYA), the programming arm of cable and telecommunications company Tele-Communications Inc. (Nasdaq: TCOMA), has offered to buy all remaining shares of TINTA not owned by TCI Ventures Group (Nasdaq: TCIVA), which includes Tele-Communications' principal international assets and its non-cable and non-programming domestic assets. TCI Ventures owns 83% of TINTA's Class A shares and all of its Class B shares, which together represents 92% of the voting power. TINTA shareholders would receive 0.58 share of Series A Liberty Media group common stock for each share of TINTA Class A stock. As of Friday's close, that values TINTA at $24.11 a share, a 10% premium to its last close at $21 7/8. Liberty Media and TCI Ventures will be combined as part of AT&T's planned $48 billion acquisition of Tele-Communications.