Відтворення неділя, 11 червня 2000 р.

The Quiet Allure of Coupon Clippers

Date: 11 June 2000

By Alex Berenson

Alex Berenson

Alex Berenson, Portfolios Etc column, comments on staid competition of Valaddis Communications and New Corporation, which hold roughly equal shares of market for printing and distributing coupon inserts that fatten Sunday newspapers nationwide; finds Valassis shares 'absurbly cheap,' noting company enjoyed 40 percent gross profit margin in 1999 and had net income of $121 million on sales of $794 million; finds it is difficult for new entrants to crack market because of high fixed costs that cannot be recouped without a critical mass of advertisers; graph (M)

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In Bathroom Graffiti, More Than a Good Time

Date: 11 June 2000

By Patrick J. Lyons

Patrick Lyons

Ikea receives 60 applications after posting handwritten ads for copywriters and project managers in restrooms in restaurants in fashionable Lilla Torget section of Malmo, Sweden; notes response is four or five times what it would expect from usual newspaper ad (M)

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County Board at Odds Over Its Press Office

Date: 11 June 2000

By Corey Kilgannon

Corey Kilgannon

Westchester County (NY) legislative chairman George S Latimer, responding to complaints from Republicans of partisan politics in press office, instructs staff to work for both parties (M)

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Of Analysts' Picks And Possible Conflicts

Date: 11 June 2000

By Bloomberg News

Bloomberg News

Securities and Exchange Commission is exploring ways for brokerage firm strategists and analysts to disclose potential conflicts of interest, as when they have personal investments in stocks they recommend or when their employers have investment banking relationships with companies they follow (M)

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April Tool Orders Fell

Date: 12 June 2000

By Bloomberg News

Bloomberg News

Orders for machine tools decreased an estimated 22 percent in April, an industry survey showed today. April orders from United States companies for domestic and foreign-produced machine tools fell to $450 million from a revised $577 million in March, the Association for Manufacturing Technology said. Tool orders were higher in the first four months of this year than the same period last year. Orders rose 9 percent through April, to $1.87 billion.

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Magazines Expect 12% Rise in Ad Revenue

Date: 12 June 2000

By Bloomberg News

Bloomberg News

Magazine publishers expect advertising revenue to increase by 12 or 13 percent this year despite the decline of many online companies and softness in some other categories, the trade journal Advertising Age said in its current issue. According to the report, many magazine executives and media buyers say that a strong economy is pushing advertising spending higher than the increase of 8 percent to 9 percent they had expected. Automobile companies have spent the most on advertising so far in 2000, $512 million, followed by technology, telecommunications and communications networking systems businesses, the magazine said.

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New I.B.M. Laptop to Use Linux

Date: 12 June 2000

By Bloomberg News

Bloomberg News

I.B.M. said today that it would introduce a portable computer that runs the Linux operating system, bolstering support for the system, which competes with Microsoft's Windows. The ThinkPad notebook from I.B.M., the world's largest computer maker, will come with Linux software from Caldera Systems Inc. starting in the third quarter. I.B.M. also will spend $6 million this year to help software developers create applications that run on Linux.

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Prudential of Britain Set To Sell Shares in Egg Bank

Date: 12 June 2000

By Bloomberg News

Bloomberg News

Prudential P.L.C., Britain's second-largest insurer, said today that it planned to raise about $:235 million, or $355 million, selling shares in its Egg Internet bank at 160 pence each, near the top end of its range. Prudential is selling about 20 percent of Egg in an initial public offering that values the online bank at more than $:1.3 billion, or $2 billion. Egg will receive $:150 million from selling 147 million shares, while Prudential will receive $:86 million.

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For an Indexing Legend, A Wager Pays Off

Date: 11 June 2000

By Bloomberg News

Bloomberg News

Vanguard Group founder John C Bogle Sr wins $25 on 1995 bet with Markham Capital Management pres Robert Markham that Vanguard's Index 500 fund would beat actively managed Markham Moderate Allocation fund over five years; Index 500 fund had 226 percent cumulative pretax return for period, while Markham fund had 156 percent return; Markham urges Bogle to invest winnings wisely (M)

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NEWS SUMMARY

Date: 11 June 2000

INTERNATIONAL 3-17 Syrian Leader Assad Dies; Son Expected to Take Over President Hafez el-Assad of Syria, a standard-bearer of Arab nationalism and anti-Zionist fervor who ruled his country with an iron-hand for three decades, died at 69. 1

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