The Burlington Free Press from Burlington, Vermont • Page 43

urltti0ton Stocks 2E Taking Note 5E JL Sunday, February 1 6, 1 986 Snapshot Littler Airlines Affiliate With Bigger The Soft-Drink Market In percent of total 1984 tales 40 Market 28 Coca-Coll oyj Share Ppl If) jtj I 1 I SOURCE: Company Report TINA ADLER Special to the Free Prau What's the difference between Piedmont Airlines and Piedmont Commuter? About 500 seats per airplane and the airlines' owners. But what they and the more than 50 other affiliated airlines share is changing how travelers get from hometowns to big cities across the country. In the past two years the majority of commuter airlines carriers serving small- and medium-sized markets with planes seating less than 60 have entered joint marketing agreements with larger carriers. In Burlington only one regional carrier, Pilgrim Airlines, remains unattached. Virtually every major airline has announced such an agreement and sometimes more than one, said Alan Stephen, executive vice president of the Regional Airline Association.

Most of those deals have been made in the last 18 months, he said. Under a joint marketing agreement, the regional airline retains its indepen Moneywatch Gannett News Service TAX CHANGES: More that's new on federal tax forms: Non-cash contributions of property every thing from art works to old clothes are subject to stringent new substantiation requirements. You must submit Form 8283 if the total claimed value is more than $500. You will need an independent appraisal if the value is more than $5,000, except for publicly traded securities. In 1985 Congress reversed itself and repealed a tough new record-keeping rule that would have required adequate contemporaneous records" a daily diary, for example of deductions for dent status, but usually adopts the appearance from the colors to the computer reservation code of the better-known company.

business travel, entertainment and gifts. The reversal apparently means we're back where we started, with a somewhat looser requirement for Deregulation of the airline industry in 1978 is behind the increase in airline adequate records and "sufficient evidence," such as a weekly diary. Form 1040 has a new line, 6d, in the "exemp affiliations. The benefits, airline industry representatives said, range from better connections for passengers to more passengers for their connections. MMMaMMHMtf mmmmmmwwmAwmmmmmmmmmmtv leal 11 Hi aiUMU u.uAM.

l- tions section for parents who claim dependency exemptions for children who don't live with them. If you're a non-custodial parent claiming the dependency exemption, you'll need either to en The joint marketing agreements en able regional airlines to appear in travel Free Press Photo by JYM WILSON Brenda Campbell, a Burlington station supervisor, attaches a ground power unit to one of Brockway Air's planes during ground servicing at Burlington International Airport. close a waiver on Form 8332 from the parent with custody or to check a box indicating you have a pre-1985 divorce decree or separation agreement agents' computers under the code of the larger, better-known affiliate and, therefore, get more bookings. In addition, both airlines entice passengers with convenient that authorizes you to take the exemption. GRAY IBM MARKET: If you're about to purchase an IBM personal computer, be sure to connections between their flights, as well as lower joint fares.

At the same time, the larger airlines are fed passengers from the smaller cities that are difficult and uneconomical for them to serve. "You really have to do it in this day and age to get the passenger boarding- it's free enterprise, it's a whole new game," said Pat Fraser of Brockway Air. The Burlington-based airline will become Piedmont Commuter as of March 15. get it from an authorized dealer. If you buy from a discounter, IBM will not honor the warranty, says a message on PC cartons with red labels.

The IBM PC and XT carry 90-day warranties; PCjr and AT models have one-year warranties. With no support expenses, "gray market" retailers discount prices as much as 40 percent, compared with 5 percent to 10 percent an autho-rizd IBM dealer usually offers. IBM spokeswoman Angela A. Buonocore says the company has received complaints from PC purchasers who discovered they have no warranty coverage after buying from "gray market" stores. CALL BEFORE LEAP: Florida residents soon will be able to call a hot line to find out if a security or firm is registered with the state and if there have been any complaints against the security or firm.

Residents of other states can call to check out "We came under this contract so we will fill airplanes," Fraser said. Their joint marketing agreement exemplifies why and how many airlines are becoming affiliated. As a Piedmont Commuter, Brockway will continue to fly to the same towns, but QVocllvAii Air "It's a very controversial issue," Stephen said. "Many in the industry feel, from the interest of competition, that a code (of a regional airline) should compete with another regional code," he said. An equal number of people support code-sharing, he said.

Cathie Merrihew, a travel counselor with Ask Mr. FosterAccent Travel in Burlington, said most agents do not give preference to well-known airlines. Also, the agents can differentiate between the airlines, despite their shared code, by their flight numbers and the plane's numbers. "It's very easy for us to read," Merrihew said. Most agents will tell the passenger if they will be flying on a regional airline, she said.

The airline's name may make a difference to less experienced agents and to agents booking flights in unfamiliar places, she said. "For someone who hasn't worked in the industry that long there may be name recognition" bias, she said. Merrihew said fares and better connections, more than name recognition or computer code-sharing, are the advantages of joint marketing agreements. "I think it has worked very well. I don't think there is any question that it has speeded up connections and made fares drop," she said.

Although airline spokesmen agreed the affiliations mean lower fares, no one could calculate the amount saved. "I can't quantify the fares. But with code-sharing you are going to see a variety of discount fares," Stephen said. For every flight on a Piedmont Com Dean Tatro, regional sales manager for Bar Harbor Airlines. The airline's Burlington schedule, which includes flights to Portland, "could be effected," he said.

Vice President of Pilgrim Airlines, John Gallichon, said the line has remained independent since its beginning in the 1960s and does not plan any change. "We have been talking with major carriers but we are not overwhelmingly convinced," he said. Most of Pilgrim's routes, which include flights from Burlington to Hartford, and Montreal, do not go where people catch another flight. Priscilla Roberti, senior agent for Piedmont in Burlington, said the agreement between Piedmont and Brockway will mean a larger company and more room for advancement or relocation. "It should be wonderful for us, it is great job security," she said.

Piedmont will probably be hiring more staff in Burlington in May, she said. Brockway will make cutbacks because some of their stations will be operated by Piedmont. Approximately 60 Brockway workers will lose their jobs, Fraser said. Although some may lament the disappearance of the independent commuter airline, Stephen, of the Regional Airline Association, said, not all will vanish. "There will (still) be independent regional airlines but they will be in specialty markets." it will coordinate its schedule to meet Piedmont Airline's flights.

an investment being sold out of Florida, but they'll have to pay for the call. In addition, the majority of Brock- muter, passengers will get 500 miles credit on the Piedmont Frequent Flyers program, said Andrew Price, vice president of marketing and planning for Brockway. In addition, if the larger airline gets in a fare war the commuter airline may cut fares too, said Perry Flint, associate editor of Commuter Regional Airline News. As more airlines share airport stations, passengers can expect shorter walks at city terminals. "Where you come in will be where you go out," Merrihew said.

With joint marketing agreements ensuring service to small towns, residents of communities the size of Burlington have the most to gain. Since deregulation, major airlines have pulled out of about 300 communities, Stephen said. At the Burlington airport, all the regional airlines with the exception of Pilgrim Airlines have, or are considering, joint marketing agreements. Ransome Airlines has been one of Delta's four Delta Connection airlines for 2Vj years. Springfield-based Precision Airlines has a joint marketing agreement with Eastern which takes effect May 1.

Bar Harbor Airlines has had an agreement for four years under which Eastern Airlines handles Bar Harbor's reservations at some airports. now are seriously considering becoming an Eastern identifier," said way's 23 stations regionwide will be oper The hot line won't give investment tips. "But ated, for a fee, by Piedmont Airlines, Fraser said. With the exception of a few we'll tell them what to look out for," said Bill Quattlebaum, spokesman for the state Department of Banking and Finance. The large number of retirees in the state stations, including Burlington International Airport, "passengers will go to a Piedmont (Airlines) station but get on a Piedmont Commuter airplane," she said.

attracts fraudulent investment deals, he added. Also attracted to Florida: "boiler room" opera The arrangement will save Brockway the high cost of operating a station, tions, in which salespeople try to sell questionable deals by calling lists of potential investors. To avoid state regulators, boiler rooms usually call people in other states. If you get a call from Fraser said. One of the most important changes, and most disputed, that comes with joint marketing agreements is sharing of the someone touting an investment, try to find out if the seller is based in Florida.

Quattlebaum said a call the state Division of computer reservation code. Piedmont Commuter will appear as Piedmont Air Securities at (904) 488-9805 to ask about the investment could protect you from a big loss. lines on travel agents' computers. The DISCOUNT LESS: Doing business with a travel agents "will just book on Piedmont (Airlines) because its such a well-known company," Fraser said. cheap broker isn't as cheap as it once was.

Responding to price hikes by some large full- service brokers, some discount brokers have raised their fees. Rose Co. bumped its minimum Per. Utwec. $1,000 Mow Avte Mmocy Wvnttafl Mort0Of 23 Own3-yr Trm 23-yr Tnrt23 Down Fixed Ver.

Ver. Fixed n4 Ver. 12-yrSne commission to $35 from $25. Fidelity Brokerage Services raised its minimum commission to $33 from $30. jpi i.xVj a The new Rose and Fidelity commissions are Computer Log typical of most discount brokers, said Pen-in Long, who follows brokerage firms for Lipper Analytical Services Inc.

What caused the price hikes? Increases in labor costs especially Social Security taxes and rising postal rates and phone rates, according to Long. What can investors do? "They can continue to shop around" for the best price, Long said. Vermont Stocks Hi Low Hi-low Wkly 52-week weekly Div Cling chng AIG I24-68H 123-116 A 123 3H BoiseC 51-3714 50-47 1.90 49 4114 Brckwy 33-18 33-28H 1.32 32 4 CVPS 22V16V4 22W-2I 1.90 22S Colt 71-53 71-68 2.50 70 Digit! 1628514 160 156 157V -I ft Emhort 35 2614 35W-33 1.40 35V 2 ExCelO 49Vt-33V 48-46 1.72 48 2 Gonnt 66Vi-52 664-64 1 68 66 lft GE 75-56 75-71 ft 2.32 74 Goodyr34-25V 3414-3314 1.60 34 1V GMP 211514 21W-20 1.76 21 Herds 43H-31V 43H-39 1.60 43 3 IBM 1581 17H 15814-153 4.40 156 McD D. 87-64 78ft-77 2.08 78 1 Nynex 10377 103 100 6.40 103 43 Sears 42-31 42-39 1.76 42 1 UnCorb86ft-36 86ft-82 4.50 86 3H VtAmC 22V15 1717 .40 17 Vtftsh 6-3 414-4 4 tMHimlein H.tpondlngi Fixed Ver. fixed Fixed Vor.

AJtoot.tnt.rpmo 12.73 NO NO NO 14.25 NO NO NO NO It NO Avco Ftnqn. Services NH tnc. 16 NO 11 11 NQ NO NO NO 16 NIO Ml ol II 11.079 I0.76J 11 NO NO NO 13 IS 4.2S IMowt txh NO 14.91 11.76 NO NO NO NO IS.5 IS NO angw Co-op II NO II.SJ 10 65 13 II NO NO 17 17 NO lemhordtAMOciotM NO NO 1016 10 14 NO NO NO NO NO NO Bradford NMioild II NO 12.31 NO 13.01 NO NO NO 16 16 NO Ijutltoboio Co-oe 14 NO II 10.19 NO NO I4J NO NO 16 NO ColedonioNotoiixlonk 12.5 NO 10.91 9.75 NO NO 15 NO 14 NO OvnondKi TtvU Co. )X3 12.23 11.15 10.47 15 13.16 13.5 12.23 13.75 15.75 14.73 CUteorp Homeowners, Inc. NO NO 11.041 10.117 NO NO NO NO NO NO NO Cui Sovinet 11.75 NO 12.5 NO 16 NO 14.3 NO 16 16 NO Cokol Funding Corp.

NO NO 10.696 10.642 NO NO NO NO NO NO NO rU Mrafpno. To NA HIA N4 N4 NA MIA NA NA NA NM Commonwooltti Mortgoge Ce. NA NA NA NA NA NA NA NA NA NA NA Community Nonoil 13 NO 14.32 11.31 14 NO NO 14 14 15 NO ol Cooil Mongoo. NO NO 11.13 10.62 NO NO NO NO NO NO NO Focwo Foiw Nolkmol 6onk 12.75 11.73 10.75 9 NO NO 15.5 14.3 14 14 13 First Notional 13 11.373 11.31 10.32 NO NO NO NO 13.13 14 12.373 Fw Twin-SOT. 11.75 12.5 11 56 10.55 12.25 11.75 NO 12.5 111 14 NO a Vermom lank 12.97 12.47 10.5 11.41 NO NO NO 13.23 16 17.5 NO Frank lin-lamoo 12l Til 11.27 10.76 11.13 10.72 12.93 11.12 11.74 17.22 13.71 OranHe SovinaT 13 11.49 13.1 10.39 NO 12.39 NO 11.49 139 13.9 11.49 Grn Mopow tooli NA NA NA NA NA NA NA NA NA NA NA Howard lank 12.25 12 11.26 10.39 14.3 NO 14.75 NO 15.76 15.25 13 Kmroogo Auoc' NO NO 10.967 9.103 NO NO NO NO NO NO NO Lrnoonv.

Savings lank Til NO 14.6499 12.22 NO NO 15 13.3 16 16 NO Martxalonk NK NA NA NA NA NA NA NA NA NA NA Merchontt lank 12.173 11.373 11.2615 10 6971 14.625 NO NO 12.175 15.125 15.675 14.675 Merrill lyiKh Mortgogo NO NO NO NO 12.416 NO NO NO NO NO NO UM.lnw.IW UIA N'A Ml NiA NM NA NA NA NA NA NA NartMioKt Saving, 11.5 NO 11.79 9.69 NO NO 13.5 12.5 16.66 17 NO Paswaipik Savings 11.75 NC 12.29 10.26 NO NO 14.31 12.61 13.3 14 NO Peopknlnnt NO 11.64 11.64 13 NO 13 NO IS 13 NO Proctor tank 12.25 11.25 10.623 NO NO II 12.25 11 11 13.23 Security Pacific II NO 13.25 NO 15.25 NO 15.23 NO NO 20.62 NO SpfingfMd Cop l3! ujS 12.63 11.2 14.25 11.23 12.69 12.93 NO 15 NO Tumo. Ploa Inc. NO NO NO NO NO NO NO NO NO 16.75 NO Union toot i njo 12.4 NO 14 NO 13.03 NO 16.3 17.77 NO U.S. Morton Corp. NA NA NA NA NA NA NA NA NA NA NA Vl.

Federal tank 12 11.13 10.62 NO 11.3 NO 12 16 16 NO Vt Mortgage Croup N3 NO 10.91 6.67 NO NO NO NO NO NO NO Vt. National 6onk 13 25 12.23 11 02 10.6 13 75 NO NO NO 12 15.75 14 75 Web ivar Savings US NO 15.2 ll.ol 15 12 15 NO 17 69 16 27 NO Wood.KKfc National-' l3 NO ili 12 21 13 5 NO 145 NO 16.5 16 5 NO Tandy 600 Portable Just Does Not Cut It By PETER MCWILLIAMS Universal Press Syndicate More than ever, people are seeing the advantages of taking a computer with them everywhere except in the shower. The new breed of lap-top computers are getting smaller, lighter and more powerful. The Kaypro 2000, which costs about $2,000. comes standard with 256K, a built-in disk drive, full 80-by-24-line screen and tons of software.

The Data General One costs $2,500, has a full-sized LCD screen and a built-in disk drive. The Zenith Z-171 has TWO disk drives and a full-sized screen that's the easiest portable screen to read around The Quadram Datavue 25 has an infrared keyboard (no cable attaching the keyboard to the computer). All of these are IBM compatible and will let you do almost as much as you could with a desktop computer. But there is another type of lap computer, the inexpensive kind (if you can call $1,000 and under inexpensive), and these are represented by the Tandy 200, liuuiu Giictv-k 100, jZlauii Geneva, ctiiu nILC Sialici. lueots machines are not MS-DOS compatible, but are great for doing light word processing and other computing on the road.

Considering these two types of lap-tops, Tandy's newest lap portable, the 600, is an enigma. The 600 doesn't fit into either of these categories. At $1,599 (with one disk drive and the entire line of questionable Microsoft software on ROM chips), it costs almost as much as the MS-DOS-compatible machines, while at the same time providing almost NONE of the compatibilitv. (You can use data files from the Microsoft line of WORD, FILE, PLAN, but none of the regular MS-DOS programs of which there are thousands and thousands.) Turn to TANDY, 6E OVER THE COUNTER Soles Wl.lv 100s Bid Asked Chng BKVT 3191 24! 4 BEN JERRY'S 238 14 15 4 CHITDN 695 34 35 45 FIVT 46 35 36 42 HIV 9 10 HOWARD 105 34 36 43 MARS ST 522 14 14 MRCHBNK 1036 40 43 44 PEOPLE EXP 15126 9 9H -I SEMICON 287 6 6H 4 STDRGT 1482 38ft 43ft UVT8 111 23 25 4 VFBK 507 19 19 4 VFSC 158 39 41 44 Bid ond Asked ore Friday figures; Sales and Change are weekly figures..