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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (56790)	4/20/1999 9:00:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

Using the same source and time frame I get about twenty-five million shares sold for Michael Dell.

To: Knighty Tin who wrote (56790)	4/21/1999 7:30:00 AM
From: gnuman	Read Replies (2) \| Respond to of 132070

Wash. Post, "what.me.worry?.com" ...<TheStreet.com -- a hot Internet company -- is a small symbol of a large psychological journey that Americans have made on the economy. Until a few years ago, almost everyone dwelled on the economy's shortcomings and ignored its fairly impressive record of creating jobs and lifting living standards. We have now traveled to the opposite extreme. The longer the present boom lasts, the more we throw caution and history to the wind. We begin to disbelieve that anything can go wrong. I ran into a respected economist the other day, who made the point with a story. Almost all his economist friends, he said, think the stock market is seriously overvalued. But all lack the courage of their convictions. They haven't sold their stock and shifted into cash as a precaution against any possible sell-off. He himself wondered whether he should dabble in Internet stocks, whose stratospheric prices best reflect the reigning euphoria. .......... ...TheStreet.com proposes selling 5.5 million shares at about $12 a share. After expenses, this would raise almost $59 million. The prospectus says the company has no "specific expenditure plans" for the money. The main effect would be to reimburse and enrich the company's original investors, who would still own nearly 80 percent of the shares. The temptation for new investors is that the stock's price will soar -- as many Internet shares have -- and produce quick profits of 50, 100 or 200 percent. This market hysteria is just one bit of evidence that the economy is overextended. Whatever the Internet's future, many Internet companies will fail. They now subsist on speculative capital. Even those that flourish -- and perhaps TheStreet.com will -- may see stock prices crash to reflect realistic profit prospects. In 1998 Yahoo made $26 million; the stock market recently valued the company at $34 billion (that's the number of shares times the price). Despite a bad year in 1998, Kellogg, the cereal maker, earned $503 million; the market values it at $14 billion.>> washingtonpost.com

To: Knighty Tin who wrote (56790)	4/21/1999 8:26:00 AM
From: bill meehan	Read Replies (2) \| Respond to of 132070

MB: Another legend goes on to the great backside in the sky: Legendary trainer Charlie Whittingham, who was first licensed in 1934 and inducted into racing's Hall of Fame in 1974, died Tuesday at age 86. Among the owners whose horses were trained by Whittingham is Burt Bacharach, the composer-singer of numerous hit songs. One day Bacharach didn't like the way one of his horses ran, and he asked Whittingham if the animal needed to be wormed. Whittingham's reply, Jay Hovdey wrote in the 1993 book, ''Whittingham: The Story of Thoroughbred Racing Legend,'' was itself legendary: ''Burt, I haven't heard too many hit songs coming out of your piano lately. Maybe you need to get that piano wormed.''