Computer-technology stocks, led by chip makers, gain favor
Article Abstract:
Over-the-counter (OTC) stocks in the computer industry are discussed. While semiconductor stocks are leading the pack with more than 30 percent growth since 1991, hardware stocks are still generally shunned because of the heavy price cutting occurring in that arena. An exception is Apple, which is 'a good bet' due to its more frequent product releases. Novell Inc is at the top of the OTC market, capitalizing on cost-conscious companies looking to network their computer systems with Novell software. Stocks for Borland International Inc are expected to see a boost by later 1992 with the release of Quattro Pro spreadsheet software. Microsoft Corp's stocks are expected to grow 44 percent to $3.57 per share in FY 1992 and 29 percent to $4.61 in FY 1993. Analysts anticipate that about $1.56 billion or 58 percent of Microsoft's FY 1992 sales will come from its Windows graphical interface or related applications.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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Makers of low-cost computer products attract managers as the economy slows
Article Abstract:
Sales will be stronger for low-cost computer products as the economy slows, according to three managers - Lawrence Bowman of the Fidelity Select Technology Fund and Fidelity Select Computer Fund of Boston; Daniel Leonard of Financial Strategic Portfolios-Technology fund in Denver; and Ken Knutel of Kemper Technology Fund in Chicago - who represent top-performing technology funds. Expensive items, they say, get hurt in a slowing economy. The age of a product can be important: Microsoft's Windows 3.0, for an example, is not likely to be obsolete any time soon. In high-tech industries, during a slow economy, the gap between winners and losers widens: winners tend to do okay, but losers get massacred. Demand for software 'that saves money or helps you do a better job' should continue.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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Outcome of Kendall Square's offering may affect many computer firms' plans
Article Abstract:
Kendall Square Research, a manufacturer of supercomputers, plans to go public despite the fact that it is a new company and has only sold three supercomputers. The company was formed in 1986 by Henry Burkhardt III, and has spent $56.9 million on research and development. Kendall Square will be the first supercomputer company that relies on massively parallel computing to go public and hopes to sell three million shares to the public at $9 to $11 a piece. This could make the company worth $100 million. Kendall Square reported losses in 1991 of $22.5 million and $13.3 Million in 1990. If Kendall Square's public offering succeeds, it could open the way for many other computer-related companies that are not yet proven in the market.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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