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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (44291)	5/22/1999 1:34:00 AM
From: kathyh	Respond to of 90042

agreed, coms is looking good... here is something on ag... don't know if already posted... Friday May 21, 4:59 pm Eastern Time US OPTIONS- Vols, volume perk up in AGCO CHICAGO, May 21 (Reuters) - Implied volatility and call volume perked up in options on AGCO Corp. after Business Week magazine said the agricultural equipment maker could be a takeover target. ''The volume's higher and the volatilities are higher,'' said a options strategist. Implied vols in the option traded on the Pacific Exchange jumped to about 120 percent in the June 12.5s, up from the 63- to 75-percent range seen over the last month, he said. The one-month historical volatility of the stock was about 58 percent. Volume also nearly was nearly triple its usual level. By 1428 CDT/1928 GMT, a total of about 991 calls and 226 puts had changed hands, including the expiring May options. The June 12.5 call had turnover of 277 contracts on open interest of 148 and rose 15/16 to 1-5/16. The November 10 call rose 2 to 4-1/4 on volume of 239 and open interest of 269. Business Week in its May 31 edition quoted an unidentified New York investment banker as saying a European conglomerate is mulling a $24-per-share offer for the Duluth, Ga.-based AGCO. The magazine quoted AGCO's chairman as saying the company had not received any offers. AGCO officials were not immediately available for comment. Its shares were up 1-11/16 at 12-5/16 on the New York Stock Exchange. --------------------------------------------------------------------------------

To: Glenn who wrote (44291)	5/22/1999 1:52:00 AM
From: kathyh	Read Replies (1) \| Respond to of 90042

guess i am the last one up... will turn out the lights now... <ggg> i bought scur today, it is a firewall company... up almost 16% today... here is an article... goodnight!! kathy :) Secure Computing slashes product line By Tim Clark Staff, CNET News.com May 21, 1999, 12:10 p.m. PT Secure Computing, which sells security software and tokens, is slashing up to half its product line after missing Wall Street expectations by a long shot for the first three months of 1999. John McNulty, who joined the security firm May 3 as president, is driving the strategic makeover as the company cuts up to half of its offerings. Despite the changes, McNulty said no layoffs are anticipated. He also said the product changes won't hurt revenues. "Instead of trying to be in the entire segment of security, we want to put ourselves into a position to be a clear leader where we believe we have real strength," said McNulty, a former Intel and Genesys Telecommunications Lab executive, who later this year also will assume the chief executive title from chairman Jeff Waxman. The moves, outlined this week by management, mean Secure is scaling back its role as an end-to-end security vendor that corporate buyers can turn to for all their security needs. Two other security firms pursuing that one-stop approach, Network Associates and Axent, have also been hammered in the stock market after missing first quarter expectations. Do you want to know more? Read related news View story in The Big Picture Go to Message Boards Search News.com Providing few details of Secure's new strategy, McNulty indicated the firm will focus on high-end firewalls and security authentication, including both software and tokens to vouch for the identity of a user. The company will also continue backing its core remote access software to give outsiders access to particular parts of a corporate intranet, and QUOTE SNAPSHOT May 21, 1999, 1:00 p.m. PT Secure Computing Corp. SCUR 4.2031 +0.5781 +15.95% Network Associates Inc. NETA 15.4375 +0.2500 +1.65% Axent Technologies Inc. AXNT 13.5625 +0.1250 +0.93% by symbol by name > more from CNET Investor Quotes delayed 20+ minutes filtering software to block access to objectionable Web sites. Secure's stock, which traded at 29 a share in January, was trading near mid-day at 3.8125, up 0.1875. Chief financial officer Tim McGurran said the company, which books most of its revenue in the final weeks of a fiscal quarter, is comfortable with Wall Street's expectations for the current quarter, calling first-quarter results an "aberration." McNulty is Secure's second turnaround executive. Waxman joined in early 1997 after a Secure acquisition spree and nursed the company back to profitability, until last quarter's disappointment. Related news stories • Firewall software options open up May 5, 1998 • Secure moves on with firewalls March 18, 1998