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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (4907)	5/2/1999 11:40:00 AM
From: FJB	Read Replies (1) \| Respond to of 15132

Justa, Dow Jones Newswire had the following news blurb on Friday. STMicro's Dauvin Sees Semiconductor Mkt Growing 15% In '99 Dow Jones Newswires NEW YORK -- After suffering from oversupply and Asia's economic turmoil last year, the semiconductor industry is poised for substantial growth, according to Jean-Philippe Dauvin, chief economist at STMicroelectronics NV (STM). "During the second quarter, capacity will meet demand and then the chip market could grow this year by at least 15%," Dauvin told CNBC in an interview Friday. Dauvin said semiconductor companies' move beyond PCs into mass-market products will help fuel growth. "(Semiconductor) business will be driven by communications, automotive electronics, the new digital consumer" as well as PCs, Dauvin said. The economist also said he expects semiconductor business in Asia to grow between 10% to 15% this year as currency devaluations brings production to the region. - Marcelo Prince; 201-938-5394

To: Justa Werkenstiff who wrote (4907)	5/2/1999 9:03:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Goldman going public on Tuesday. Watch this one closely: "Investors scramble to buy into Goldman offering" NEW YORK, May 2 (Reuters) - Small investors and big money managers alike are scrambling to lay their hands on shares of Goldman Sachs Group Inc. (GS - news), the investment bank that will go public on Tuesday. Investors have put in orders for around 600 million shares, or ten times as many as Goldman is offering, industry sources told Reuters on Friday. The firm will allocate most shares to financial institutions and its clients, leaving small investors and even some big money managers -- who usually receive the brunt of new stock offerings -- in the cold. ''If the institutional guys are upset, the retail guys are even more so,'' said one executive at a brokerage that caters to small investors. ''I have heard that institutional guys are not getting shares to the extent that they want, which makes it unlikely we we'll get anything (for our clients)..."