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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: Junkyardawg who wrote (47705)	6/2/1999 11:00:00 AM
From: Panita	Respond to of 90042

NAVR is dirt cheap. Their Spinoff of NetRadio around the corner. Loading up here at 10 9/16 before market picks it up. quote.yahoo.com Sitting at support!

To: Junkyardawg who wrote (47705)	6/2/1999 11:15:00 AM
From: Sarkie	Read Replies (1) \| Respond to of 90042

Morning all (west coaster here) Would someone please tell me what tia means?

To: Junkyardawg who wrote (47705)	6/2/1999 11:18:00 AM
From: AUrush	Read Replies (2) \| Respond to of 90042

Bought more CS at 13 1/2, still holding all my COMS - will never sell COMS ..in this market it is hard to find stocks with a minimal downside but huge up[side - I believe COMS is undervalued and that is why it is a core holding - when they sell off the modem and nic card business it will pop -

To: Junkyardawg who wrote (47705)	6/2/1999 11:35:00 AM
From: BestJobEver	Read Replies (1) \| Respond to of 90042

Dawg: HPH is up...but it's a hurting company. FOCUS-Harnischfeger posts loss, needs funding (Combines takes. Adds details, grphs 2, 5-7) MILWAUKEE, June 1 (Reuters) - Mining and paper-making equipment maker Harnischfeger Industries Inc. on Tuesday said it lost $74.3 million in the fiscal 1999 second quarter ended April 30, and said its financial needs exceed its current resources. The company, which last week replaced its chairman and chief executive officer because of the its weak business over the past two years, said liquidity is so low that some vendors are withholding shipments. That caused its Beloit paper-making equipment unit to miss more than $10 million in shipments in the quarter because of a lack of materials, it said. "Although the company is in compliance with its loan covenants, Harnischfeger's current funding requirements to operate its businesses and implement cost-saving initiatives exceed its currently available resources," Chairman Robert Hoffman said in a news release. The company has seen the amount of a proposed bank loan fall to $95 million from $225 million, in large part because of litigation related issues, he said. Depressed commodity prices and the weak Asian economy continue to hurt Harnischfeger's business. The company reported a net loss of $1.60 a share for the quarter. Results compare to a net loss from continuing operations of $72.8 million, or $1.57 a share, a year ago. The 1998 results exclude a gain of $151.5 million, or $3.28 a share. Excluding special charges in both quarters, such as an $87 million charge in the 1999 second quarter for undelivered paper machines ordered by Asian customers, the loss would have been 36 cents a share in the 1999 quarter, compared to 7 cents a share a year ago, Harnischfeger said. Second-quarter net sales were $488.1 million compared to $477.8 million in the equivalent year-earlier period. "While the company is implementing substantial cost-saving initiatives, the current market conditions have adversely impacted both Harnischfeger's bottom line and increasingly its liquidity," John Hanson, chief executive officer, said in a news release. "Accordingly, we do not foresee significant financial improvement in the performance of the business units by year-end." The liquidity problem is also affecting the company's cost cutting efforts. Harnischfeger said some cost-cutting was delayed because liquidity constraints limited its ability to absorb one-time cash costs associated with the cuts. The weak results in recent quarters have taken a sharp toll on Harnischfeger's stock, which two years ago traded near $50 a share. The stock was trading at $6.25 Tuesday morning, down $1.125 from Friday's close. Harnischfeger said it continues to explore strategic alternatives and is working with its lenders and others to obtain more funding, though it said no assurance can be made that appropriate financing can be obtained. In April, a major shareholder said that Harnischfeger had received a "premium" takeover offer from an unspecified suitor, but did not respond to the offer. But Harnischfeger Chairman Robert Hoffman said in the news release that "the company has not received any offer at or above current market levels or identified any other alternative that would fully satisfy its liquidity needs and preserve or enhance shareholder value.