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.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: FrozenZ who wrote (7216)	3/13/1999 8:44:00 AM
From: Patriarch	Respond to of 18998

SEC's Levitt Urges More Accounting Supervision on 'Rukeyser' Owings Mills, Maryland, March 12 (Bloomberg) -- U.S. Securities and Exchange Commission Chairman Arthur Levitt said halting accounting fraud and ensuring corporate transparency are regulators' top concerns. Levitt, speaking on Public Broadcasting System's ''Wall Street Week With Louis Rukeyser,'' said the U.S. is ''pretty good'' in enforcing accounting principles, but ''we've got a way to go.'' The SEC last year boosted its effort to stop accounting manipulation, with Levitt in September faulting company executives, auditors and analysts for using ''gimmicks,'' ''hocus pocus'' and ''illusions'' to make earnings meet projections. The SEC also began studying new accounting rules, stepping up enforcement and challenging the way revenue and expenses are recorded in some financial statements. Levitt endorsed establishing international accounting standards, especially as a means of getting more foreign companies listed on U.S. stock exchanges, as long it doesn't lead to a ''degrading'' of U.S. standards. He also said the U.S. would be willing to tighten some standards to comply with more strict ones abroad. Levitt also chastised companies that hold analyst meetings that are closed to the public. ''Most of America knows that the individual investor is our most important consideration,'' he said. The SEC has ''made it plain to companies'' that they'll be investigated if they don't tell the public everything they've said to analysts, Levitt said. Levitt, who was chairman of the American Stock Exchange from 1978 to 1989, said he supports extending New York Stock Exchange hours if that's what it takes to maintain ''our capital market supremacy.'' Among the panelists, Liz Ann Sonders, a money manger for Avatar Associates Inc., recommended Microsoft Corp., America Online Inc. and Intel Corp. Tom Gallagher, an analyst in Washington for International Strategy and Investment Group, said he expects the Justice Department to win part of its case against Microsoft and that the issue will ultimately be settled in the U.S. Supreme Court. He also predicted that Microsoft will have to make some adjustments to its business model in the end. ©1999 Bloomberg, LP. All rights reserved. Terms of Service and Trademarks.

To: FrozenZ who wrote (7216)	3/13/1999 1:34:00 PM
From: umbro	Respond to of 18998

Frozenz, wrote: I'm trying to make sense of OMGA ... On the question of short-interest, viwes.com The Viwes site shows it as being pretty small, though increasing slightly. As you know, OMGA went public about 1.5 years ago, at $11, and traded down into the low 1's in Oct-98, and has risen steadily since then to hit an all time high of 13 7/8, recently, and closed at 13 on Friday. I think independent of the earnings estimates, expectations are high that OMGA will outperform this quarter, because they just rolled out their new TS2000i product, and the "Radascreen" product promises to catch a few unsuspecting stock daytraders with too much money to spend (Radascreen not avail. yet). The small float makes the stock prey to daytraders and MM's alike. My guess is that the underwriters want to get their money back, and they're working the stock price higher, taking advantage of the improving earnings prospects.