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The Orlando Sentinel from Orlando, Florida • Page 35

Location:
Orlando, Florida
Issue Date:
Page:
35
Extracted Article Text (OCR)

The Orlando Sentinel, Saturday, June 24, 1995 C-9 County softens loss on derivatives Japan seeks help from its carmakers TRADE from C-1 its industry to keep outsiders both foreign and Japanese at bay. "There was no indication of any significant progress," a senior Clinton administration official said. As the evening wore on, the Japanese negotiators appeared to be in constant communication with Japan's carmakers back in Tokyo, apparently in an effort to coax them into issuing "voluntary plans" for the purchase of U.S. parts that could form the basis of an agreement But there were no signs of any breakthroughs, and several officials familiar with the talks said they still suspected that the Japanese plans would fall far short of what the administration has demanded. The painstaking progress underlined the uncomfortable choice facing President Clinton over the next few days: whether to take the best deal he can get by the Wednesday deadline in order to avoid a huge rift with America's closest ally in the Pacific, or whether to go ahead with the 100 percent tariffs, betting that they will spur the Japanese on to deeper concessions in the next few weeks or months.

"The issue is whether the sanctions themselves will motivate the Japanese to solve this problem," said a senior administration official familiar with the debate, "or so anger them that our leverage will be gone. And there are reasonable arguments on both sides." Another official involved in the discussion called sanctions "the nuclear weapons of trade, and they may not be worth much after you've used them." But with the Japanese now negotiating seriously, the question is what kind of deal represents Clinton's bottom line. On the hardest question getting U.S. parts into the Japanese market in meaningful and measurable volumes there have been no reports of real progress so far. Only if that happens can the administration truly assert that it has broken the back of the "keiretsu" relationships families of closely-linked companies that are at the heart of the auto dispute.

lost $14 million, not $25 million, selling derivatives bought by the ex-comptroller. REUTERS PENSACOLA Florida's Escambia County has sold the last of the derivative investments that resulted in an indictment against its former comptroller, realizing a loss of $14 the current comptroller said Friday. The loss was lower than expected, comptroller Jim Moye told Reuters. "At one time we were looking at a $25 million loss in market value. The market turned and we took advantage of it while we could," Moye said.

"We cut our losses as much as possible." The county hired Alex Brown Sons to sell the securities bought by the county for $44.5 million. The firm sold the last of the derivatives late Wednesday, Moye said. Derivatives are complex and often risky financial instruments whose value is derived from an underlying asset such as a stock or a bond. "I'm never happy about losing $14 million, but I'm very pleased with the work Alex Brown has done," he said. Moye said he was also happy to announce that "Escambia County is totally out of derivatives." Moye, the deputy comptroller for Florida's Orange County, was appointed by Gov.

Lawton Chiles after Escambia County Comptroller Joe Flowers resigned in March. Flowers made the derivative investments and was indicted last month on four misdemeanor counts of malfeasance. The indictment charged that he violated his duty to protect public funds, in part by buying the derivatives. Flowers pleaded innocent on Tuesday and is to go to trial Sept. 5.

Increased advertising could boost attractions DISNEY from C-1 Index options Option Strike Vs 160 Ti 4V 555 Vi. IV NV close priuColli-lcm hm-lnt Yt JulAirg Jul Aug 450 1H 190 SAP 500 549.71 Jul Aug Jul Aug 455 Jul Aug Jul Aug 375 Computer 133.61 460 2V SUP 100 524.71 400 205 29 45 1 3V. 410 420 220 14'A l7'4 470 13V4 Vt 4 420 rlOZV. 425 225 r2'V 475 IOV4 3 5V4 435 "445 230 84 5'4 480 61 6' 440 86'A 450 235 6V4 9Vl 10 485 3' 7 7Vs 450 77V4 Va 455 240 3H 7 9 12H 490 2Vi 1 1 12V4 455 71' 'A 'A 480 245 2 495 IV4 460 67V4 'A 7" 490 62 Jul Aug Jul Aug 500 465 62'A 63 'A V4 500 51 Composite 394.17 Jut Aug Jul Aug 470 57V4 7" 505 46'A 14 285 IV4 Initltullonol360.80 475 51 1, 510 1 295 4V 525 IV" 480 47 49'A 515 I 380 545 VV 485 42 IV" 520 32'A 1H Jul Aug Jul Aug 560 MOV. 5'4 490 35'A I'A 525 27 V4 2 Oil Ool 292.15 565 lOVa 495 32V4 l'V" 530 22? 1 2i 275 Jul Aug Jul Aug 500 26'A 29 V4 2 535 18 344 2B0 V4 154.95 505 22 24V4 1 3 540 13 I5V4 2'A 4V4 285 IVt "5 510 18'A21V IV" 3'A 545 94 13V4 3'A 6 290 SVt 2'A '30 515 14' 17V.

27" 5 550 64 10 5 7tj 295 2t '35 520 10'A 13Vi 3'A 61 555 4 7V IVt 10 300 2V4 '40 525 7 10'A iVt 8'A 560 2 5'A III3V4 Jul Aug Jul Aug '45 IV. 530 4V4 74 8'A 10V. 565 1V4 34 Mak Moriut4S0.5 150 74 24 535 54 12 570 2'A 19 420 614 '55 5 tti 4 540 14 4'A rl7'A 575 550 2 1 4 I and 1990, but the visitor counts rebounded as the market expanded. Bill Davis, general manager of Sea World, would not discuss the park's attendance at that time. But he said Sea World has set attendance records in some years since the studio tours opened.

"If the past teaches us anything, it teaches us that the market is going to continue to grow," he said. For Busch Gardens, which is expected to face its first direct competitor when Disney opens its Wild Animal Kingdom, the outlook seems mixed. Bob Baydale, president of Central Florida Hospitality Group, said that after Disney opens its park, he expects to sell fewer tickets to Busch Gardens at the visitor services booths he operates in shopping centers in the tourist area. "Busch will have to rely much more on the Tampa area," he said. Busch Gardens officials and others who track tourism in Tampa say the area has seen significant growth in visitors in recent years and that the park doesn't depend on tourists who make day trips from Central Florida "You're not really comparing two theme parks.

You're comparing two destination areas," said Mark Bonn, president of Quality Marketing, a Tallahassee market research firm. Bonn, who does research for the TampaHillsborough Convention and Visitors Association, said 10 percent of the visitors he surveyed in a 1994 study were staying in Orlando. "We've been here for 35 years," said Thorn Stork, vice president of marketing for Busch Gardens. "The fact that we're on the west coast, which in itself is a growing tourist destination, speaks to our success in the future." Universal likely will get a bigger share of tourists' time and dollars in the years ahead. Both will be able to offer the convenience and value of multiday tickets and on-site accommodations.

At the same time, however, the two are expected to launch major marketing campaigns when they're ready to open their new parks. And most agree that the additional advertising will benefit Central Ilorida overall by luring more tourists. "What it's going to do is re-energize Orlando," said Kevin Frernming, general manager for USAir Vacations, which books vacation packages to Orlando. "Any time you add something as dramatic as a new theme park; let alone two, you're going to see a lot of people coming back sooner than they would have." Some tourism executives point to a similar situation several years ago, when Disney and Universal opened studio-tour attractions within a year of each other. At the time, many asked whether Orlando could generate enough new tourism to support two theme parks, par-ticularly when those parks had identical themes.

Despite their similarities, the studio tours have thrived. In 1994, Disney-MGM Studios attracted 8 million visitors and Universal Studios Florida drew 7.7 million, according to the trade magazine AmuserTiOTt Business. "We've managed to survive and thrive in a very tough, competitive market," said Ron Bension, chief executive of MCA Recreation Services, half-owner of Universal Studios Florida. Tourism officials noted that other attractions, such as Sea World of Florida, experienced a decline in attendance when the studio-tour parks opened in 1989 Opan High Low Soma Chg. Opan High low S0M0 dig.

Opn High low Settle Chg. Futures 17.35 17.38 17.40 17.42 17.47 1745 17.50 17.53 17.57 17.65 Optn High low Soltte Chg. WHEAT 5,000 bu minimum- ctflti par bushtl Jun99 Sap99 Dac99 MorOO JunOO SapOO DacOO M01O) JunOl SopOl DecOl MoKII Jun02 93.54 93.47 93 39 9337 93.30 93.21 93.17 9311 93.08 92.96 92 87 92 89 92 62 93 55 93.48 9339 9337 93 30 93.26 93.17 93.15 93.08 93.01 92 92 9293 92 86 93.50 93.44 9334 93.33 93.26 93.21 93.12 93.11 93 04 92.98 92 89 92.90 92.83 93 46 93.40 9330 93.29 93.23 93.20 9311 93.10 93.03 92 96 92 67 92.67 92.82 12.62 11.12 10.70 10.69 10.65 10.40 10.12 554.90 558.80 562.40 Feb96 17.45 17.45 17.26 Mai96 17.46 17.46 17.30 Apr96 17.45 17.45 17.40 Moy96 17.40 1 7.40 17.40 W96 17.56 17.56 17.47 Xm96 17.55 17.58 17.40 Aug96 17.55 17.55 17.52 Ssp96 17.52 17.52 17.52 Oct96 17.56 17.56 17.56 Dec96 17.76 17.76 17.60 SUOAR-WORLD 11 111,000 cents par lb. M95 1) 98 12 64 11,98 Oct95 10.73 11.20 10.72 Mo96 10 42 1073 10.42 Moy96 10.47 10.70 10.47 Mi 10.44 10.65 10.44 0096 10.22 10.34 10.22 Mor97 9.90 9.93 9.93 Moy97 9.40 COFFEE 37,500 cents par lb. Jul95 15000 151.00 142 50 Sap93 149.00 149.60 142 00 Dk9S 149.73 1 50.60 143.50 Mo96 151.00 131.75 146.73 Moy96 152 00 132.10 150.00 M96 152.00 148.65 148 65 Sep95 132 00 154.00 149.23 NYSE COUP.

INDEX INDEX points and cents Ssp95 29640 296 90 293.50 Dec95 298.45 29860 297.85 Mor96 300.00 300.00 300 00 Jun95 390.00 390.00 390.00 390.70 Aug95 391.70 39250 391.10 392 10 Od95 395.30 395.70 394.60 395.50 Dc95 398.70 399.30 397.70 398.70 Jun96 40770 407.70 407.70 407.70 SIIVER 5,000 hoy o. canli par troy ox. Jul95 534.0 537.5 531.0 535.5 Sap95 539.0 543.0 536.5 541.1 D95 547.0 551.0 545 0 548.8 M97 602.0 602.0 602.0 599.2 D97 615.0 615.0 615.0 616.1 PLATINUM 50 hoy n. dollars par troy or, W95 441.80 442 50 441 00 441.20 US T. RILLS (Slmllllon, points ol 100) Sap95 94,85 94 65 94.76 94.79 Dac95 95 00 95.00 94 88 94.94 44H96 94.91 95.01 94.90 94.94 EURODOLLAR II mllllon-pts ol lOOpd.

Sap95 94.47 94.47 94.37 94.43 Da95 94.59 94,59 94.46 94,53 Mjk96 94,64 94,65 94.50 94.56 Jun96 94.57 94.57 94.42 94.50 Sap96 94.49 94.49 94.35 94.42 Dac96 94.30 94.30 94.18 94.23 oi97 94.23 9423 94.11 94.16 Iw97 94.12 94.12 94.00 94.06 Sop97 94.03 94.03 93.93 93.96 Oac97 93.90 93.91 93.61 93.66 Mor96 93.87 93.87 93.78 93.83 Jun98 93.60 93.80 93,71 93.75 Sap98 93.74 93.74 93.65 93.69 098 9364 93.64 93 55 93 58 Hn99 93.60 93.61 93.52 93.56 SAP COM. INDEX points and cants Ssp95 554 50 555 00 552 30 Dac95 558.50 558.90 556 40 Mo96 562 00 562 40 560 00 ORANGE JUICE 15,000 cams par lb. M95 1 00 80 101.50 100.70 5ap95 104 40 105.75 104.40 No95 105 00 10525 104 65 Jon96 106.25 106 25 105.90 Mo96 1 08.60 10860 108.25 111.10 111.15 111.15 Jul96 113 35 1 13.40 113 40 Sap96 114 00 115.90 115.90 No.96 114.00 115.90 115.90 CRUDE OIL 1,000 dollars par bbl. Aug95 17.62 17.68 17.20 .45 .65 .05 .05 M95 41 tit 401 423 1 12V. MS 4D 431 415'.

4284lli. Dk95 428'A 442 426 440'. HIV, l96 I2i 439 424 436 9 Aoy96 405 414 405 412 t7 Jul96 365 371 365 368 D96 376 365 378 382 tl CORN 5,000 bu minimum- ttrrti par buthal M95 279 280W 277'A 279 -V. Sp 285 286 Vi 2834 2Vt -1 Dac95 288 389'A 286V. 2S7'A -IV4 Mor96 292 294 291V 22V -Vi M6 294 NS'i 293'zt 294i -V, M96 296'.

295. 296 -V4 Sap9i 272 272'A 27114 -Vi Dtc96 257VS 359 257'ii 237Vi -Vi UTS 5,000 bu minimum- twill par bulhal M95 152 152'. 149'. 150V. -2Vt 5ap95 155W 156 V.

1 53'. I54VS -2 Dac95 I6OV4 1611 158 1594 -IV. Mot96 164 164V. H2i, 1614 1. SOYBEANS 3,000 bu minimum- cants par buinal JI95 603 Sin 6014 V.

Aug95 605'i 606 603 606'. Sp95 611 612 608 611 -i Nov95 6I9'A 621 615i 6194 -V. Jon96 625 627'A 622. 626'? Mor96 629'i 633 628Vi 633 V. Moy96 634 637 634 637 Jul96 640Vt 642 639 641 -1'.

Nov96 596'A 599'A 596 599'. 1'. 101.40 105.50 104.65 105.90 10835 111.13 113.40 115.90 115.90 Developer woos companies with ties to O'Neal 144.15 144 95 145.70 147.63 148.15 146 65 149.65 29680 298.50 300 20 17.49 17.36 17.29 17.27 17.28 17.32 Sap95 095 Nov95 D95 Jon96 17.52 17 42 17.42 17.36 17.42 17.54 17.44 17 42 17.42 17.42 17.10 17.08 17.10 17.10 17.20 Money rates SHAQ from C-1 Shaq's World shows a glass entrance shaped like the painted lane of a basketball court. Customers would shop at stores, play virtual-reality games or dine upstairs in Shaq's restaurant. Athletes owning nightclubs or restaurants isn't anything knew, but some sports marketing experts said Shaq's proposed project is on a grander scale.

"It's just bigger and better, much like the athlete himself," said Alan Friedman, editor of Team Marketing Report, a sports business publication based in Chicago. "What would make the deal really unusual though, is if Shaq puts his own money into it," Friedman said. "Typically, the athlete will lend his name and take a percentage of gross sales." For example, Michael Jordan, the Chicago Bulls basketball star, reportedly receives 6 percent of gross sales for lending his name to Michael Jordan's The Restaurant, Friedman said. The project's developers also said they are trying to attract companies with ties to O'Neal to open shops in Shaq's World. O'Neal endorses products for about a half-dozen companies, including Reebok, Spalding, Pepsi and Jive Records.

A Reebok spokesman said he was unaware of negotiations with Bourbon Street developers. "That doesn't mean if it does become reality, we wouldn't be interested," said Dave Fogelson. Reebok already has four "concept stores" that sell only company goods in New York, Boston and Santa Monica, Calif. umi 40,000 lb- canli par lb. Jun95 63 55 6428 63 55 64 13 58 Futures contracts are obligations to buy or sell commodities or financial assets in specific quantities The months indicate when the contracts will expire The Open.

High, Low and Settle prices refer to the preceding day first, highest, lowest and final prices for the commodity or financial assets Chg. is the change between the preceding day final price, or settle, and the final price from the day before that Dividends Project trying to secure customer parking Teisrate inturest rate Index: 5760 Prime Rate: 900 Discount Hate: 6 25 Broker call loan rate: 775 Federal funds market rata: High 6 00 Low 5 9375 Last 5.9375 Dealers comrrtercial paper 30-1190 days: 604-570 Cornrnercial paper by finance company: 30-270 days 5 94-5 45 Bankers acceptances dealer irxitcatkNit: 30 days. 595 eOdayB, 590 90 days, 575 120 days. 5 70 150 days. 5 66 180 days.

563 Certificates of Deposit Primary: 30 days. 4 85 90 days. 5 08 180 days. 513 Cetitftcaies of Deposit by dealer: 30 days, 5 97 60 days. 5 94 90 days, 5 87 120 days.

5 61 150 days. 576 180 days. 572 Eurodollar rates: Overnight. 5 9375-6 0625 1 month, 6 00-6 0625 3 months, 5 875- 5 9375 6 months, 5 75-5 6125 1 year, 5 6875-5 75 LorKton Intarbk Offered Rata: 3 rrionths, 5 9375 6 months, 58125 1 year, 5 6875 Treasury Bill auction raaurta: average discount rate' 3-montri as of June 19' 46 6-month as of June 19 542 52-week as of June 22 5 22 Treasury BUI. annualized rate on weekly average basis, yekl adjusted for constant maturity.

1 -year, as of June 19 566 Treas Billmarket rate, 1 -year 5 25-5 23 Trens Bondmarket rate. 30-year 6 49 Fannie Mae 30 year mortgage commrttnents: 30 days, 7 63 60 days. 7 68 Fed Home Loan 1 1 th District Cost of Funds: Aa of May 31 5 064 Money market fund Meml. Lynch Ready Assets: 30 day average yield: 5 56 aa. not available.

Aug9S 60.85 62.35 60.43 62.33 1 48 095 6220 63.35 61.98 63 20 98 D95 63.70 64 25 63.43 64.16 4.46 Fab96 63.60 64 30 63.60 64 28 .45 Apr96 64.65 64 95 64 45 64.93 33 lun96 61 45 61.60 61.40 61.53 1 08 FEEDER CATTLE 44,000 Iba- canti par lb. Aug95 65 05 65 50 64.60 65.45 40 S.p95 64.30 64 55 63.83 64.55 Ocl95 64 10 64.40 63.73 6420 18 Nov95 65.00 65 10 64.50 64 80 .05 Jon96 64.75 64.75 64.45 64.65 Mor96 64 03 64 0 5 63.95 64 03 .13 Apr96 64.00 64 00 63.95 64 00 .25 Mor9 63.50 63 50 63 50 63 50 .10 H06S 40,000 Iba- canli par lb. kn95 49 60 50 00 49.35 49.63 Jul95 47.15 48.40 47 10 48 25 1.05 Auj95 46.65 47.75 46 65 47 63 .86 Ocl95 42.90 43 65 42 88 43.63 .75 Dac95 43.60 44 43 43.70 4426 .45 Fab96 44.68 45 15 44 65 4500 .30 Apr96 43 80 4420 4380 44 13 .40 JOT96 48.25 48.75 46.25 48.75 .35 M96 47.50 47.85 47.50 47.85 .65 PORK BEUIES 40,000 Iba- canli par lb. M95 42.00 43.10 42.00 42 90 1.55 Aug9S 41.00 42 13 40 80 42 03 1.90 Fab96 54 05 55.35 54.05 55.10 1.58 M96 54 20 56.40 54.20 56.40 1.80 US TREASURY IONDS () 4 32nl of IN pd) Sap95 115.30 11530 114 28 115 04 20 Dac95 115.15 115.15 114.15 114.22 Mo96 114.10 11410 114 04 114.07 20 Jun96 113.23 113 25 113.22 11322 SOLO 100 troy ac dollar par hoy os. AmMunlncopnt .0729 743 7-28 AmMunTo 04 7-6 7-26 Am Mum Term II, .0617 7-6 7-26 Am Mun Term III.

.04756 743 7-26 AmOpportlnoo 07 7-6 7 28 AmSfltodPort .091 743 7-26 Am SWg KxFTI .125 7-8 7-28 AmStratQlncoll, .1025 74 7-28 Am Strata 1, 108 74) 7-28 Amencaslnco ,0625 743 7-28 CA State Bk .10 7-14 7-24 CVBFxid 08 7-6 7-20 Commerce Bncp NJ .1625 7-5 7-19 Cyprus Amex 20 7-10 81 EXEL Ltd .30 7-7 7-21 t838BdDebTmd 43 7-5 81 Fst Long lsljvj 40 7-12 7-26 FtigriSatefy ktj 12 7-24 815 Frankvn Mux Inco .064 830 7-14 FrankinPnnc .046 830 7-14 Frankkn FKHOurce .10 830 7-14 FmnkfenUniv .067 7-14 7-31 General Elect .41 7-5 7-25 Goulds Pumps 20 7-5 7-14 Graoolnc 16 7-5 82 Justsi Indus! .04 7-3 7-12 Minnesota Mun Tim .0509 743 7-27 Morgan Fxx) .12 7-3 7-7 NeviHoraone .04 7-3 714 04-OnOorp 08 818 815 Pier 1 Import .03 82 816 Plenum Put! 29 7-5 7-18 RexableLfA .3486 84 81 Rrverwjv. Svgs q06 8X 7-13 Salem Corp 10 830 7-17 SentmelBdFd .034 823 830 SiinbrxaCarnmnSlk .176 823 830 Sentxvjl GvSecur .062 823 830 SenmPAliFr .057 823 (HO StmvvtvKlgeA. .275 7-3 81 United Cos 10 815 7-3 VodafoneGip .3378 829 828 x- aporox amount par ADR. IRREGULAR Alcatel AMhom .608 6-28 8-4 x- approx amount par ADR. Cdn Maple 03 8-30 7-20 Cristal Chile .099 6-28 x- approx amount per ADR; pay date unannounced Sentinel BalFd .144 6-23 830 Sentinel Tax Fteo 054 6-23 6-30 STOCK Chock FuH ONuta 3pc 7-11 7-27 Fst Mutl Svgs 8k lOpc 7-17 6-18 Halnvood Group 6-28 828 x-1 for 4 reverse split INCREASED Air Express 05 7-7 7-28 BayApanment .39 6-30 7-12 Leeds Fad Svgs 15 7-5 7-1 CORRECTION Sears Roebuck 6-30 7-12 x- revised pay dote of disthbulion of approx S3 of a share of Allstale Corpfor every Sears held.

SPECIAL The rush to develop reminds Bob McClelland, a Lincoln vice president, of the 1980s stampede to build office buildings. "Everyone seems to be talking about them retail-entertainment centers," he said. Few expect all of the projects to succeed. Floyd Faucette, president of Jaymont Realty said the downtown area will continue to grow in popularity, but "we all wonder how much would be too much." Therefore, the rush is on to be first. "We're working very diligently," Faucette said.

"Things look promising, but it's premature to say anything beyond that." Unlike Church Street West, Lincoln and Jaymont have yet to announce any deals with tenants. Lincoln's plans include a 24-screen theater, as well as retail shops and sports bars, at an undisclosed location, possibly just north of Church Street Station. Jaymont proposes a center that would include specialty retailers, restaurants, perhaps sports bars, and a movie theater. Unlike Church Street West and Lincoln, Jaymont has the land a block bounded by Orange and Magnolia avenues and Pine and Church streets. It now houses a variety of tenants, including Terror on Church Street.

DOWNTOWN from C-1 Church Street West is seeking a 15-year lease on as many parking spaces as it can get to assure potential lenders that customers will have easy access to the entertainment complex. The quality of retail-, restaurant-and office-space leases also is important to the proposed developments, Timberlake said. Lease terms longer than the loan term are usually mandatory, he said, and tenants, too, need to be financially healthy. Finally, lenders will weigh heavily the amount of cash the developers are willing or able to throw into the deal. 7-7 Morgan Find .22 7-3 ncuuuvi .10 7-13 7-27 04 7-8 7-28 AbVYJonSvBk Am AdjRt Terni 97 Am AdjRt Term 98 Am AdiRt Tarn 99 Am Income Fd .064 74) 7-26 AmOvkcoPon .08 743 7-28 Am Qv torn .04 7-8 7-28 N.Y.

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105 58 91 land High School decided to profit from the turmoil in Mexico's stock market. They bought Grupo Radio Centre SA and Grupo Industrial Maseca, both of which soared in value from depressed levels. Thaden and O'Malley also made money by short-selling, a strategy used by investors who expect stock prices to decline. Thaden and O'Malley sold the stocks of Grupo lSmbotellador de Mexico and Grupo Tribasa SA and later bought them back at lower prices. When the game ended, their portfolio was at $185,843.

"If you want large profits in a short time, you have to go for something volatile. You have to take a lot of risks," Thaden said. "If you're going to invest for retirement, you want more stable stocks." Joy McGill, a teacher at Dr. Phillips Elementary School, said her students tend to buy several stocks and hold them. One of McGill's teams won first place among elementary schools in Orange, Osceola, Seminole and Volusia counties.

Fourth-graders Ali Badibanga, Joelle Gross, Tyler Paulk, Darci Pauser and Justin Van Winkle included several technology stocks in their mix. Novell Tech Data VLSI Technology Inc. and the New York Times Co. increased in value, offsetting the slight dips in Ford Motor Co. and WMS Industries.

The final value of the portfolio was $114,177. "I like to use activities that challenge students in many ways," McGill said. "The stock market game is an excellent way for students to apply math skills and thinking skills. It's excellent Jbr working out real-life problems. It requires cooperation and research," 174 SoCnBol 8'429 SouPubE 1l'98o 10 102 101' 102 104' 104 104V.

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1." Williams and team members Krista Carpenter, Mi-chele Dolph and Carl Perrone opted for diversity. Their picks of Broderbund Software Continental Medical Systems Hershey Foods McKesson Corp. and SportMart Inc. proved lucrative. Their stock holdings swelled to $142,243.

Four eighth-graders at Apopka Middle School outperformed the region's high-school students by ranking 15th in Florida. How did Antonio Bradford, Matt Chandler, Ben Clayton and Robert Simcox do it? They selected one stock: Micron Technology Inc. "They were looking for a computer stock, and they happened to pick this one," said Linda Taylor, the team's teacher. "I never tiy to tell the students what to buy. I teach them about the stock market in general." Not only did the middle-school students invest their entire $100,000 in the maker of semiconductor components, but they bought on margin that is, borrowed money to buy more stock.

Their portfolio climbed to $154,539 by the end. Florida's No. 4 team also took risks. Shannon 'Thaden and Kevin O'Malley of Menitt Is 96 98'. 98'.

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