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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (40567)	5/18/1999 3:41:00 AM
From: SMALL FRY	Respond to of 120523

WSJ news.. Headline: PRESS DIGEST - Wall Street Journal - May 18 ====================================================================== NEW YORK, May 18 (Reuters) - The Wall Street Journal reported the following business stories in its electronic edition Tuesday. * The Federal Reserve is expected to hold rates steady at today's FOMC meeting. But it could announce it sees a likelihood that rates will rise in coming months, as an uptick in consumer prices intensifies inflation fears. The Dow Jones industrials closed at 10853.47, down 59.85 but up from an earlier slump. Bonds were mixed. * Hewlett-Packard (NYSE:HWP) beat analysts' estimates with a 34-percent rise in net income. It also reported strong order growth for its fiscal second quarter, suggesting that the computer giant may have left some recent troubles behind it. * Global Crossing (NASDAQ:GBLX) and U S West (NYSE:USW) confirmed plans for a deal valued at $35.5 billion that would create a full-service telecommunications firm aspiring to challenge AT&T and MCI WorldCom. * U.S. regulators are taking steps toward greater scrutiny of foreign partners of U.S. airlines amid increased attention to code-share safety. * GTE (NYSE:GTE) defence-electronics holdings are being auctioned for a likely price of more than $1.3 billion, executives familiar with the talks say. * General Dynamics (NYSE:GD) envisions spending more than $3 billion in the next few years on purchases in addition to Gulfstream's, officials say. * Boeing's (NYSE:BA) chairman said declining Asian demand for commercial jets seems to have bottomed out and fears of a deeper drop are evaporating. * Dow Jones (NYSE:DJ) and Reuters (ISEL:RTR) plan to combine interactive business services and databases, helping the companies compete in the market for information provided over the Internet. * Amazon.com (NASDAQ:AMZN) bought a 35-percent stake in HomeGrocer.com for $42.5 million. Meanwhile, Barnesandnoble.com and Borders On Line will match Amazon's 50-percent discount on best-selling books. * FOX Entertainment (NYSE:FOX) plans to spin off a sitcom version of its hit show "Ally McBeal," using the same cast and characters. * American Airlines (NYSE:AMR) reached a tentative accord with its flight attendants' union on a new six-year contract. * Developing countries won't have significant job or revenue losses if they tax cigarettes as a way to deter smoking, the World Bank said. * Security First (NASDAQ:SFSL) agreed to buy FICS and Edify (NASDAQ:EDFY) in separate deals with a total value of about $1.39 billion. * Charter One (NASDAQ:COFI) reached an agreement to buy St. Paul Bancorp, a Chiago thrift, for $1.2 billion in stock. * Wal-Mart (NYSE:WMT) agreed to settle a suit by a Mexican grocery distributor, leading to a one-time charge of $132 million. * Citigroup (NYSE:C) appointed three regional heads of emerging markets, aiming to streamline decision-making authority at its corporate and investment bank. Copyright 1999, Reuters News Service

To: Jenna who wrote (40567)	5/18/1999 8:59:00 AM
From: Joan Roth	Respond to of 120523

Do you see this about VRLN? AMSTED to Commence $35-Per-Share Cash Tender Offer for Varlen; Combination Would Create $2 Billion Transportation Equipment Leader PR Newswire - May 18, 1999 06:16 I'm glad I got in yesterday on one of your recommendations! You are terrific. Now my question is do you hold for earnings or get out on the gap up this AM?