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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: VALUESPEC who wrote (2778)	12/10/1998 10:00:00 AM
From: Roy F	Read Replies (1) \| Respond to of 3627

RESEARCH ALERT-Cendant rating, target raised December 10, 1998 09:35 AM NEW YORK, Dec 10 (Reuters) - Piper Jaffray said Thursday analyst Rob Nicoski raised his rating and price target on Cendant Corp after the company's meeting with analysts on Wednesday. -- Rating raised to buy from neutral, target price raised to $26 a share from $18. -- Said rating increase reflects improved confidence in earnings outlook for Cendant. -- Shares off 1/16 at 20-5/16 in early activity. ((-- Wall Street desk, 212-859-1730)) REUTERS

To: VALUESPEC who wrote (2778)	12/10/1998 12:45:00 PM
From: Frank	Read Replies (1) \| Respond to of 3627

Valuespec, I did not think I'd be sending anything until next year, but a few things have changed that have given me some pause and to reduce, slightly, my position in CD, and to liquidate all of my other holdings across the board. As you know, at about 1:00PM the Republicans are going to be giving the argument for impeachment. They will also release the testimony from the deposition, that, unlike the grand jury testimony, was directly related to the P. Jones fiasco. Anyway, there are moderate Republicans and Democrats who are still on the fence with this impeachment business, but Ollie North was on Geraldo last night on CNBC and reminded me that the everybody will be voting their concious at, what is likely, from a procedural perspective to be an impeachment vote first, followed by a censure vote. I once ran for politics and got a flavor for this, "Concious," business, and unfortunately, while the polls reflect a general sentiment not to impeach, they, by their natures will feel oblidged to vote for impeachment. Clinton did lie, even if technically it might legally be considered accurate. Now, I admit that I could be wrong, but if impeachment is passed by this congress it will have a significant impact on the economy, and could effect growth rates for Housing Starts, Travel, etc. This is a fundamental issue that would directly effect CD's growth rates and its long term valuation. This also implies some significant market risk until this issue is resolved. Elaine Garzarelli, had mentioned her avoidance of plunging into the market until this issue had been resolved, a number of months ago. Her timing was poor, because the market just seemed to bounce back, but her insight at the time was still accurate. Now, there is upside potential if impeachment is averted, but if impeachment occurs, I'd expect a big time move downward, very shortly. You mentioned adding to your position, I just thought I'd suggest that, perhaps a little caution until next week might be a good idea. Just a suggestion.

To: VALUESPEC who wrote (2778)	12/10/1998 12:50:00 PM
From: barber	Respond to of 3627

On upgrades I called my broker this morning to buy another 500 shares only to find out can not margin cd. The stock has only increased 3x. Can you believe that?

To: VALUESPEC who wrote (2778)	12/22/1998 3:25:00 PM
From: mark garner	Read Replies (1) \| Respond to of 3627

Franklin Caps Quarter With Million- Dollar Order; Orders for Tempest DVGs Accelerate Business Wire - December 22, 1998 14:59 %FRANKLIN-TELECOM FTEL %CALIFORNIA %COMPUTERS %ELECTRONICS %COMED %TELECOMMUNICATIONS %PRODUCT V%BW P%BW WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Dec. 22, 1998-- Franklin Telecom (OTC BB:FTEL) Tuesday announced that it has received an order exceeding $1 million for Tempest Data Voice Gateway Systems from a Southern California customer that is deploying a national Voice over IP network. This contract follows previous purchases of Tempest Systems that have already been shipped and deployed in establishing California as the first leg of its planned national network. For competitive reasons, the customer does not wish to be identified. According to Franklin's chief financial officer, Tom Russell: "Franklin is extremely pleased to receive this order. While a percentage of this latest contract will be delivered during the quarter ending Dec. 31, the balance will fall into the next quarter. This is consistent with our expectations of significant continued growth in hardware sales." Peter Buswell, Franklin's president and chief operating officer, added: "This is a solid example of where we are going with the Tempest System. "There are three distinct benefits to our company in this contract: (1) we have the sale of the hardware itself; (2) as this is a customer utilizing our turnkey solution, we will have ongoing revenues for maintaining their system; (3) within a short period of time, we will be connecting their sites into our FNet backbone, as well. "In other words, we have a win-win-win situation. This is a great way to close out the calendar year and go into the second half of our fiscal year." The primary business of Franklin Telecom, founded in 1981, is the design and manufacturing of communications devices, high-speed LAN, WAN, Telco and software. Franklin customers have installed more than 100,000 nodes worldwide. Franklin's Internet subsidiary FNet provides Voice over Internet Protocol global Telco services. For additional information about this announcement, visit the Officer's Message page at Franklin's Web Site, www.ftel.com. Certain statements in this news release constitute "forward- looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements. CONTACT: Franklin Telecom, Westlake Village Helen West, 805/373-8688