The Tampa Tribune from Tampa, Florida on February 25, 1998 · 37
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The Tampa Tribune from Tampa, Florida · 37

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Wednesday, February 25, 1998
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ww r yr w v '"" ' wfwwf w m m w p ''r p WEDNESDAY, FEBRUARY 25, 1998 THE TAMPA TRIBUNE O BUSINESS & FINANCE 3 7 Send comments and tips through e-mail to: businessfinancetampatrib.com BERNIE KOHN, Business Editor, (813) 259-7804 Business tax, (813) 258-8504 TheMoneyPage Technicians bullish "WW"? 1P Analysts and money managers who study companies' earnings prospects are divided ahnnt whoth. er U.S. stocks will continue rallying in 1998 and beyond. Yet technicians, who pore over historical charts and data for clues about 1 the market's future performance, are speaking with one voice. Stocks, they say, are headed higher. The high volume accompanying this year's advance implies that investors are buying with greater "conviction," technical analysts say. The technicians' charts and statistics indicate that demand for equities is strong. And a wide range of companies are setting records, suggesting the rally has "breadth." "Technically, when you have a broad rally you're in great shape," said Ken Tower, a market analyst at UST Securities Corp., a unit of $58 billion-asset U.S. Trust Co. "People are optimistic about a wide range of companies. When you have a narrow rally, that indicates a market top." While Tower and his fellow technical analysts foresee higher share prices, the caveats are abundant. Stocks may "consolidate" for the next few weeks before rallying, they say. What's more, their charts indicate that market indexes may top out at midyear. It's a Titanic hit Late Monday night, at a theater somewhere in the world, "Titanic" became the biggest moneymaker in movie history, breaking the global box-office record set by "Jurassic Park." 20th Century Fox said Tuesday the disaster epic has grossed more than $919.8 million worldwide, vs. $913.1 million for "Jurassic Park." And "Titanic" did it in just 10 weeks. Starring Leonardo DiCaprio and Kate Winslet as young lovers on the doomed ship, "Titanic" could end up selling more than $1.2 billion in tickets, analysts say. The movie also is on track to break the domestic box-office record of $461 million set by the 1977 release and subsequent re-releases of "Star Wars." Fox produced the film, which cost an estimated $200 million, with Paramount Pictures, a unit of Viacom Inc. Each company is expected to enjoy profits of at least $200 million, industry experts say. "Titanic" soon will be shown on some 200 screens in China, believed the widest release for a Western film in that country. President Jiang Zemin reportedly enjoyed a private screening so much he asked for another showing for friends. Remarks trip up bonds U.S. bonds posted the biggest loss in almost three weeks as in- Have questions about investments? Insurance? Real estate? Retirement? Estate or college planning? The Tampa Bay Society of the Institute of Certified Financial Planners will answer your questions for free in a weekly Tribune column, "Dollars and Sense." Write to the society at P.O. Box 2601, Brandon 33509-2601, or e-mail at PFA gte.net Letters and responses may be edited for clarity. vestors interpreted remarks from Federal Reserve Chairman Alan Greenspan as a signal the central bank won't lower interest rates : any time soon. "The Fed has no grounds to ease credit based on the strength of the economy," said Tad Rivelle, who helps manage $1.8 billion in bonds at Metropolitan West Asset Management in Los Angeles. The Fed chairman delivered the first part of his semiannual congressional testimony to the House Banking Committee Tuesday and will speak to the Senate Banking Committee today. The benchmark 30-year Treasury bond fell 2732, or $8.44 per $1,000 bond, to 102 932, pushing its yield up 6 basis points to 5.96 percent, the highest in a month. The two-year note yield, more sensitive to Fed rate expectations, rose 11 basis points to a seven-week high of 5.57 percent. A staff and wire report A look at the basics of 401 (k) plans offered by 20 leading employers around Tampa Bay: Employer match How long must How long must Form of Number Rate of on amount of employee wait employee wait match of plan employee Employer employee Income to be eligible to be 100 vested makeup options participation GTE (hourly) ' 50 on 6 Immediate 2 years Stock 16 66 Columbia HCA 100 on 3 First Jan. 1 7 years Cash 5 33 Publix 50 on 3. lyear 5 years Stock 4 44 cap at $750 r1.,,, TECO 55 on 6 6 months Immediate Stock 7 NA Tech Data 50 on 5 lyear Immediate Cash 9 50 cap at $500 Home Shopping 50 on 6 6 months 5 years Cash 14 55 Eckerd (no response) 1 Kash&Karry 25 on 3 lyear 7 years Cash 9 NA Times Publishing 1.25 of pay1 90 days lyear Cash 6 62 Florida Progress 75 on 6 6 months 5 years Cash 9 78 Nielsen Media 50 on 6 Immediate 3 years Cash 6 NA IMC-Agrico 100 on first 3, Immediate Immediate Cash 4 9 NA 50onnext3 Raymond James 100 on first $500, 6 months 6 years Cash 14 88 50 on next $500 Chase Manhattan 100 on 5 lyear 3 years Cash& 7 85 stock Media General 55 on 6 lyear Immediate Stock 4 70 4 IBMAdvantis 50 on 6 Immediate Immediate Cash 7 NA Bamett Banks' 100 on 6 90 days 6 years Stock 8 80 Jabil Circuit None lyear NR NR 6 50 Raytheon E-Systems 50 on 3 Immediate Immediate Cash 9 NA. Time Customer Service 66 on 6 1 year 4 years Stock 10 70 NA - Not available NR - Not relevant : ' GTE salaried employees receive 75 on 6. ,-, 2 Employer acquired by larger company; benefits may change. ' Employer contribution irrespective of employee contribution. 4 Programs for union employees may differ under negotiated agreements. -, Includes The Tampa Tribune, WFLA-TV, Sunbelt Newspapers, Hernando Today, Highlands Today, Professional Communications Inc. mvESTOptions put employee I in control of retirement plan ft The Tribune 50 Index Biggest daily gainers Biggest daily losers This it a daily update on the performance of The Tribune SO, an annual - ranking of the best-performing public companies based in West Central Florida made by the Tribune each May. Net Net Hunk WO Stock Hcker Ctos Chj. Cbj Rank TribSOStock fttv Close Chg. Cng. 24 KreislerManufacturing KRSL 10.5 1.2513.51 12 ABR Information Services ABRX 26.4375 -2.56 -8.84 30 Nobility Homes NOBH 15.63 1.63 11.61 35 Pages Inc. PAGZ 1.625 413-7.14 40 EuropaCruises KM 0.906 0.06 7.41 1 TechOata TECO 45.5625 -2.31 -4.83 13 BreedTechnotogies BDT 20.813 0.75 3.74 38 &oup Technologies GRTK 3.125 -0.13 -3.85 37 Paradise tic PARF 14.0 0.25 1.82 49 Numed Home Health NUMD 1.75 -0.06 -3.45 9 Catata Marketing P0S 485 Oil 1.70 39 Junto Sports JSI 1.8125 -0.06 -3.33 19 Contour Medical CTMI 7.75 0.13 1.64 16 Reptron Electronics REFT 11.125 -0.38 -3.26 17 TecWorce Corp. TFRC 7.88 0.13 1.61 44 C.H. Heist HST 7.5 -0.25-3.23 33 Oavel Comm. Group OAVL 23.75 0.38 1.60 2 Jabi Circuit JBL 46.125 -1.38 -2.89 29 WermediaConm OX 72.75 1.00 1.39 27 Healths Services HPS 25.25 -0.69 -2.65 Today's stocks Close: 1216.60 Down 13.39 -jr.. 1325 rr 1-?s 5;;il,i.,i.J,l.i.i,ii,Li,Li,,l..i..i,,i,.l.U 1 125 212 29 216 223 Source: Nordby International Inc. Stock Net VTD Dhr Cton Chg. Chg. A AMC 26? 17.7 AMCp) 1.75 44 ft 162 ARC 4ft 4ft -21.0 ARMFnn .08 22ft -15.4 ARM F pt 2.38 26 ft 2.4 ARVUv 13' - -15.6 ASRInv 2.00 22ft -ft 3.2 ATTFd 2.806125 -ft 5.5 AcmeU 5ft -12.5 Admflsc .1 12 -ft -13.9 AOvMag -12V tft 40.7 AdvPhot 1ft -4.5 AMcain .96 11 ft 2.7 Aerocntyn 7 -20.6 AirWal 1ft -'it 33 3 AirWatrt tttto-50.0 Alrmgds 9ft -ft -9.5 AHaagenl.44 17ft -V -1.8 " 4 nuvj 12 4ft -0.5 8 16.9 16ft 0.8 31' 1.27 13 1.521 49 .40. 28 .28 3ft 120a 14ft 3.01e 94 223e13'ft4ft 3.7 1.44e 35lft -16.3 2ft ft 20.6 .68 17 -ft -8.8 11ft -14.3 1 -10.7 16 -ft 8.3 4 -3.7 2'V -ft 132 ft-ft 25.0 .40b 15 -ft 9.5 15 tft -14.3 AngMjg 12H 19 0.7 AngPx 5 -18.4 ApexS4n 11 -ft -13.7 Aoooee 2ft Vt ApcfeOln 10V! - -11.6 ArcLd 38e 5 12 Atfln AHRsn AlniH Watt AltLiving ware ABkCT AmBitit AIM 84 AIM 85 AIM 86 AIM 88 Alsraet AmerPag AStS AmSlid ATechC Ampel Ampei Amlec Armest AndreaEs - 6.3 -1.8 ft 0.5 -ft 167 3.8 ft 1.8 ft 2.0 ArmorH Arrow Aitiytfi AstLivngs AttPrem Aides n Atlantlt AudnBCn AudbCmn Audwx AuloSpfA Autotote AvenEiKii Aa BSHO 10 ft -4.5 2 -ft -13.6 1 ft 20.0 19Vi 3ft 14 6ft 6ft 3ft -ft -2.5 ft -13.3 - 35.6 V! 16.1 -ft J3J -ft 6.1 6 -V -10.0 9 -ft 1.9 2 12.8 5 -5.1 1ft -20.0 B 4 -15.9 BAT Ind 1.0961916 5.7 BFXHosp 2 - -17.4 BHC 1.006136 - 4.6 BadgrMs .601 38 -ft -4.9 Baker 9 -ft -3.8 IBaCaren Tft ft -3.4 BakJwn .05 14ft ft -17.7 BaWw 5 ft 7.5 BanFd 4.51e 26 ft 10.3 BtSWndn 20 24 10.6 BTdeoP 1.88 25ft -0.7 BTdepO 1.91 25 4ft -0.5 Net VTD Stock Uv Clow Chg. Chg. CamdnNnl.KH 59 1 2.0 CMarcg .14 13ft ' 0.9 CdnOmo.3019" ' -13.0 ecCancTr -28.6 CanyonRs -16.7 ' CapPcHI 3ft 21.7 CapProps .10 8ft 19.3 Cardiolch 1 -' -24.4 Carematnc 25 -id -130 CaroPpI 5.00 84 8.9 Carvetfep 05e 15 - -62 CasllAM .68 24'fi 60 CasFd 1.48a 25 ft -6.0 CelScd i-VB-7S.O CelSa S'tt ' -23.6 CFCdao .01 -' 8.1 CenMt 350 50 105 CertSe 2.42e 31 3.8 ChadTK 6 -ft -22 5 CMMMn 23p 13 -ft 6.8 ChaseCp 211 16 t 16.4 ORwIs 72a 32 147 Chief 21 - 2.4 Chllntpl lil 29 -ft 0.7 t CitFFin 21 7.4 Ctelnc 6'V V 6.7 arvwCn 13 tft 23.3 CoastO 2 -ft -12.0 Cognilm 17 -11.4 CohenSt .68a m 5.9 ColLb llh -ft -33.9 CokiEng s .S8t 7 -ft -3.1 Comtoce 6 tft 10.9 Comincg .30 16 ft 8.5 CmclAa .68a 6 ft 3.7 CmdrAp 4 -V 39.6 CmdrAnl ft-H -21.1 CmBkPa 84b 41 -' -2.4 CnWyeSCs .16f 1S 10.9 CmtyCap WD 14.2 CompTi 8ft -ft 1.5 Comclek 7 V 1.6 Cmptre ' -7.1 Cmpulmn 2 -ft 7.9 ComslhBs 22 -ft -4.3 ConcdF 811s CnsTom .60 17 TCoWMtl Consrwie 5 -101 CceMat 4 -Vt 23.7 ComCor 20" -' -3.3 CwnetBk 24a 19ft 0.6 Man 1 -35.0 Cowtk) 27e 4ft ft -2.7 ecCrettC 1ft -ft -25.0 .32 11 10.5 CrwH OnCP CmCPB Crystal CiysDxgn Cubic Cytelnl Cycoran ICypros BarHabnl28 BayardOn tayCoipH Bayou BeardCo BemaGold 52 tft -5.0 11ft -V -30.8 6 ' -3.8 6ft 4t 81.5 5 4.8 2' -ft -13.2 BergCa 8.506148' 2 4.0 KBeiicp ton BmkSame .40 BioRA BiscAog BlkBIOS .90 12 ICAIQ .88 16ft BRST BNJIQ BNYIO 31 2ft -4.2 2 -ft 9.5 8 -4.5 9ft -ft 16.9 46ft -V 10.1 25 -4.3 ft-ft! -54.5 3.5 16. Sa il 14 ft 3.2 69 13 ft 38 -12 23.2 13.6 -ft 66 59 .60 21ft 16 EMT 15ft SoddK 24 4" BogenC 7ft 36 Boownt 2' -ft 10.0 Wiecti 6 -ft -11.1 BootsCtsn 5 ft 3.9 BosMd 28 22V -ft 1.4 BwlA .40 6 -ft 22 BwtCH 6 ft ft 221 Bomw 2"' 24 ' Borne .36 42 ft 62 IBmgVws 20 29ft 214 IBrtfog 2 -ft -37.3 BBG .84 8ft -ft -0.8 IB&BMun 1.001 16 -ft 101 MB US 120f 13 ft 6.3 -c ( - sn CEFmkg CEC CETfnvS H -iO CFXCp .88 30ft -16 CIM .75a 8ft -ft 2.3 CVBFns .40 26 5.1 CVFCpn 6ft ft 375 CaWvsn . 95ft-1V -0.7 Cablvspl 2.13 38ft -ft 0.8 CatHeMg 3 -ft -14.3 iCaWA .12 10ft -ft -67 .Cation ft -ft Cambw .10 6 21 Camt 20 r 2.4 DRSTech IDanyA DakotsM ecDallG DanlHd Darings Oatamet Dataram 6 ' -172 19 -9.1 19 -ft -6.5 41' ft -5.7 7ft V( 91.7 18 27 ft -16.0 13 -V 6.7 2ft -ft 560 3 -ft -10.3 -D 12ft ft -148 3 -250 ' fti 16.7 2 -ft -4.5 7 1.7 8ft -4.4 1K ft -37.0 10 12.3 19ft ft ,50e14ft V 101 Daylontln 1 -ft -29.0 nmnats ?8 10 8.1 Oelab .191 43ft 1 7.8 OenAraer 2ft 129 DevnE 20 33 -ft -12.7 KaMeffl 19'ft ft 23 84 -w m ft -6.7 6 -9.4 10' ft 32 8 ft 7.8 DolAutEx 275 47 ft 10.1 Drewlnd 12ft -ft 0.5 DtylMu .58 9ft -ft -9.5 DrylNV ,56a 10 -1.2 DwHar 10 -ft -2.4 E- Diamndsn DtgilCTl 0i9P Diodes OtvCpRsn ecETSIrrt EXXA EXXB EZServ EZEMA E2EUB EstnCo EchaBay EdoBrsgn EPi Etswth -14J EwoCmn -ft 3ft - 2 -ft ft 14.3 211 7 ft 35 21t Tft 7.4 i2 22 -ft 11.4 1 -ft -23.1 i 98 18 41 6ft -ft -6.8 1.B7e11ft tft 78 Stock Fina RnlFedls HAttSI Net YTD Di Clote Chg. Chg. 3.20 63ft ft -1. Jin ' .196 7 -ft Ji2 6.9 FAusPr .72 8 10.3 FtEmp 3.20472ft -3ft 1. FtNatCp s .44 24ft . 4.0 FslWVs .601 24 - -2.0 FstfedA . 20ft -ft -8.0 Flaregn 7 -ft 5.0 FlaPOt 1.20 23 -ft -2.6 ForsM 62 -ft 26.5 FoANalR 1ft -405 IFntin 325e 5 -ft -11.5 FmtSel .44 6 ft -0.9 20 15ft ft -4.7 D4 7 Jit 16.7 281 12 ft -5.6 .15 2'ft -ft -10.4 -G- FreqEls r-neom Fnschs FrontAdj GAFnd GSTTefe GamaB .48 19ft -ft 3.3 13 ft 12.6 .10 5ft 24.2 60825 -ft 0.7 iayiCn 6ft -ft 15.4 GnAuto 1- ft 10.0 "TTnEmps .05e 16ft - -3.3 GnMicr 7 --26.3 GenDr 28b18V ' 5.5 IGeldiGId 18 GianlFd .78 35" GlcWatr 31 GteWatr ot2.27 25ft Glallll .70 18 GitJOcn GlobSml GWink GoWeo GldStafl GldFkl .086 2 14 . 2ft -ft -26.5 ft 5.9 ft -ft -0.7 -ft -3.4 -19.0 ft 8.5 ft -17.5 -13.9 3ft tft ft 20.0 GoKTrsi 1.64 28 -0.4 GorniRup J6 19 -7.1 GrahamCp 17 tft 16.4 Gteenort 14ft ft -17.7 GmSlCA .6512ft -ft -3.3 GreMf 4ft ft -24. GreyhndL 4ft ft 7 GristSioan 1 -ft GwePip .66r 10ft ft -3.4 GrSroc 3ft -29.7 GoiLfl 11 -ft 35 II Halifax ecHataF HalEP Halsey halei'Ms Harorl HangOr HanvDir 20 8ft ft 1ft .52 Tft 3ft 19 . 7 13ft -19.8 -10.5 -14.9 ft 108.0 ft -34.2 ft -9.3 - 4.9 Harken Harold Hasbro s Hasting HawAif Haw HPl 3Jtft t6,3 6ft -V -12.5 .341 6 ft 1.9 .32 35ft - 11.5 .40a 47 ft 17.5 3ft -ft -14.8 ! .601 22ft ft -1.7 2'ft -19.0 .75e 15ft V -5.5 "HiartidT 16 -ft 2.3 Mean 1 12.0 HectaCm 9'ft ft 4.7 Hecos .07 34ft 19.7 Hem . .351 7 -ft 4.3 HeUCap 1ft 357 Hemspi 3" ft -62 Hmisphwt 1ft - -4i HSOearT 6ft 44.7 HtqWdlnc 1.06 14ft -ft 8.6 HolivCo HmeSecrn HomeslVi 14 iHondo 6 HooperHsK 17 HRPIms 9ft Hospftwte 12ft HostFdg Xe 6 HovoEn HudsnCBs.51 HudGn 1.00 47ft HungTel 10 1 26 -ft -3.6 10ft Vl -6.7 -ft -4.6 -ft -7.7 tft 21.9 -10.6 ft -7.1 -ft -7.7 9 -ft 31.6 20ft -ft -10.1 -ft -1.6 -ft 4.6 Emewus EmerR EnflRsI) 7 -47 lOftft -14.7 -ft -14J 17ft 1 8.7 EmSafen 7 . -11.1 Envtft 9 -ft 14 EimoIsI Tft -ft 11.1 ErooBi 72113ft -ft -?3 EqualFJc n .24 15 ft 60 Equusll .506 25 -ft 120 5ft -ft 30 2 7 -7.4 -F tFFPMkn 3s.n V 57.5 FFP 1 ft1000 FM . 1ft 184 FaDlnds .70 32 -ft 4.8 FaJRivtn .96 151 - -4.7 FaWhBc 241 21ft 4 9 FamiTel 2ft-ft32J FamTKlB ft ft FernHii 3 -143 iEi ssBc EtzLav ft -13.8 -1.6 30.3 -07 ft 4.5 ICHCpn 3ft IGi 3ft ILXIncs Tft Mil 9ft ImoacCn .53e18ft ImoacMs 16ft -'ft -8.7 ImpHh .036 9 -ft -172 hnpOifa 2.20 58ft ft -8.8 IncOoff .601 11 ft 11 I kilocuren 14 1 53.3 Inslron 16 17 -ft -9 9 kWOrth 7ft -7.7 Heqlc 1ft -125 mePlyun 21ft -4.0 WBSys 4ft -ft -6.4 WfiAs 64 29 1ft 13 Heron 4 -ft 30 6 Henoi 8 ft 4.7 211 9ft ft 15.5 7 -ft 10.7 8 -ft 4.5 4ft 333 4'ft -ft -12.8 2 .ft 6.7 10t 21 -ft -1.1 Intel plA2 06 26ft ft 4.0 KmLaser ? ' '9.v J IJPMClit .13p 16ft ft -16.2 WrComM IRIS WstGC kntrsysdn HPoly JTSCoro JWChar Jactyn Jiryann KBKCap ft 128.6 11" -ft 0.5 4 2.9 2ft -10.3 6ft -ft -1.9 K 13 ft 8.3 Net YTD Dh Otow dig. Chg. 2 -ft -11.5 24ft -ft 16.3 24ft - 16.9 4'ft ft 21.0 .48 34ft ft -9.3 43ft 6.5 .50 13 -7.9 seytnq u -w -21. KevsHerill.OO 57ft ft 4.1 Kilem 8 19.6 Knar 2" -ft -10.4 KingPwn 3"ftft 57.5 KilMlg 6ft 4ft 1.8 KogrEq 1.00 22ft tft 1.4 Knig 5 -122 L Stock KFXtnc KVPtiB KVPhA talus 90 KankakB Keane KYFsIB IXRBU 2 -ft 4ft -ft 1.5 Lancers 11ft -2.2 Landaur 130128" ft 25 Lsrlech 4ft 43.5 UKao 10" -ft -206 LeathFac ft ft 12.5 lehSTcul 21 - 412 LiVem .321 18ft eclunlec 2 LynchC -ft 9.0 -ft 15.8 87 2 4.8 -M- MAISys 2 -ft 10.0 MBCaplA.88 10V -5.3 MDCg 7" 18.3 MSB Sep .60 34 - -7.6 MSR 1 tft 6.7 Magiwkn 1ft 4 413.6 MaqnHunt 4ft tft -14.5 MePS 1.00 13ft 411.3 MalibuEnt 3 -ft 421.6 MardCOO a3.54 34ft-1 -15.3 Maiton 6ft tft 2.1 MarqGrp 3ft ft 41.7 MaimPh 15ft -ft -5.3 MaxmPwt 6 -5.9 1 - -6.0 49 - 413.2 7 il ManPtn Maxam McRae! MeasSod 3Vi -ft -13.3 MedcR 16ft tft 414.7 Meda 56 45ft -'ft MediaLog 1ft 4ft 4i Metta) 13 -ft 20.2 Medio rrf 13 13.0 Medio MictiGp ft 2020ft -ft -2.1 MercSrs 7 tft 32.6 Mendlwt 9ft tft 7.6 MnPt8pf 32 9 14.5 MLRusMn 9ft -ft 57 MLEr02n 10 -ft 11.1 ML Ml 10ft 7.5 MLTTYkf 12" -ft 43.0 Metro 13 7.0 MetPro 271 15 -ft -9.1 Meteorn 3 -ft -11.8 Melrlkan 15ft ft 40.4 Melromda 11ft -ft 20.4 Melrompl3.63 51ft -ft 13.8 MichAnt 2" -ft -15.4 ;Mtfemn.T6 29 - -6.3 MidABc .841 33ft -ft -1.1 MidcstEn .32b23ft -ft 182 Md .70 65 42 MidlRi 3 4ft 4412 MidRsnt 1ft tft140.0 Millennia '-74i IMrnnMul .76 14ft -ft 6.5 MnPpfA 5.00 78 ft 2.3 M009A 34 -02 MMed 12 103 Mortrfs 2ft tft 5 3 MorgoGp .06 9 6.8 MS AMD n3 86 25ft ft 18.6 MSTBR 3.36 75 ft 42 MSPEQ 102ft -1 5.9 MomStj ft -ft 430.0 Muluph 2 00e 4 -ft 4362 Muflfn .51a 9'ft -ft 44.0 MunMg 1.43e 20 4ft 6.1 Munvsl .60 9 -ft MunyAZ .74 13ft ft 3.4 Myerslnd 20b 20 N- 172 NFC NTNCom NVR Habors 63e 13 ft 7.8 -25.0 30 40.0 20ft 4ft -35.2 NalGsO 24b10ft NalHRlyn 18ft Nhttcres 35 - NtPalnl 13 -ft NtlRly .40a 21 rWrn 4 Nflmjd 1ft NMxAr 1.541 14 NYTEI ,64a11ft Neiteln1.0124"tti Itmtn 9 -ft NmdtAn 70e 15ft tft Norexs 16 -ft NAVarx 19 tft -213 NorestBs 21 18 tft -3.9 NIMIch .151 9 tft -5.3 Ncraw 4 -ft -7.5 Nstorn 1 4ft -16 J Numac NCAPI NGAF1 NovWA 4ft -ft 4.8 .74 14 tft 2.3 .79 15 tft 2 9 .7613ft ft 0.5 -0 3ft 27.3 9 ft -11.8 16a 14ft -ft" -25 Oncor 3 -ft -18.9 Oncorind 6 -ft -3.6 OneLbpH.60 16 -ft 153 6.9 p PABBk 381 34. 4ft 409 PC Our -25.0 PGECappH.97 25 -ft 1.0 OOkieo OSulhaC .32 utwi Oroanons 22 OxtdTEnl.476271 -ft Net YTD Dl Oo Chg. Chg. 12 tft 451.1 -67 PLCSys PLM 5ft PMC 128114ft ' PMCCT 1.721 20ft -ft PMCCn 8 -ft PGEplA 1.50 24 PGEplB 1.37 23 PGEpID 1.25 21ft -ft PGEplE 1.25 22ft tft PGEplH 1.12 19 PGEplU 1.76 28 tft PGEplX 1.72 25ft 1.7 1.3 1.0 4.5 4.9 -13 1.9 0.9 -12 5ft ft 6.4 -6.7 20 ft 4.4 5 ft 417.6 -ft -622 8 -ft 18.3 5 -ft -6.5 2 tft -25.4 7ft -167 'ft 833 2ft -ft -25.5 1ft 4ft -21.7 ft -1.1 - -15 .1 PittWa .561 7 4ft 17 MDsms 1201 38 -ft 5 PacGale PacPharm PtVSPMd PtrnHW PenAmCp PaxsnC Penob 20 PeopleTel PemC PhiNet Phonettl PicoPd PedmBco .40 10 PmdeBs .40 15ft PlnRsc PlyRB PoMud Polymed Polyph Polyvisn ronays 15 4ft 11 ft 3ft ft -6.4 ft -1.3 -ft -9.6 -ft 21.8 -ft -B.1 7.1 1. 'PremrBsi.32 25 1 444.6 Prpdlg rresHB PrlceCmi Price! 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WsPpt 4.50 72ft -V t2.8 WoWB 32 6 WEBAsta 39e 9 WEBAstr .146 11ft 4ft WEBCan 246 13 WEBGer .136 16 -ft WEBHK 69e10ft -ft WEB Ha .36e 22 WEB Jon ,01e10ft -ft WEB Mat ,05e 6" 4ft 21 3 WEB Max .516 14 -ft -15.5 WEBS .05e O1 tft 28 WEBSwd .80619"' -ft 8.6 WEBSw! 57e 17ft -ft 11.7 WEB UK 59e19ft -ft 11.0 X-Y-Z XCLUds 5ft -ft 313 Zevexn 10 ft 160 JmMMHiSi 60 4.7 42 7.1 -2.9 9.7 4.4 From Page 1 preparing for retirement on the employee. "Are people saving enough? You will be hard-pressed to find someone to say yes. The near universal consensus is that people need to do more," said Paul Yakoboski, a researcher at the EBRI. "THE MISSING LINK is that the overwhelming majority of workers have no idea how much they need to accumulate. So, they are flying blind," he said. "If you ask them if they are saving enough, they couldn't answer. They have no basis for an answer." It's daunting and there is little help. Here are some tips on 401(k) investing, and some information about what makes a good 401(k): Tampa financial adviser Laura Waller says you should put as much into your 401(k) as possible the maximum, if you can afford it, to take full advantage of the tax shelter. For most plans, that maximum is 15 percent of income. The maximum runs as high as 25 percent in some companies, notably ColumbiaHCA Healthcare Corp., which employs about 9,300 people in 10 Tampa Bay-area hospitals. "It really depends on your cash-flow needs. The maximum is the ideal, because it's tax-sheltered," WaUer said. But for employees who can't afford that, "they ought to get as least as much as the company matches." Young workers, who need the income for first homes, first cars and first children, may want to contribute less to retirement. Still, they should put away as much as they can. At 25, even a small contribution will generate a large nest egg, and make retirement savings easier when they reach their 50s. For most employees, the most attractive feature is the employer match. In general, high company match correlates with high employee participation. The most generous plans match the employee contributions dollar-for-dollar. In a survey of 20 large Bay-area employers, the most generous match belongs to Barnett Banks Inc., which matches dollar-for-dollar up to 6 percent of the employee's income. Nationally, the average is 50 cents per dollar up to 6 percent of employee income, which is typical for most Bay-area employers. A key decision for employees is how to invest. By law, 401(k) plans must offer at least four investment choices. Some offer dozens, plus the company stock. The Tampa Bay area's largest private employer, GTE, offers 16 investment options. normally, investment options range from su per-conservative money market funds, which offer low returns around 5 percent but nearly no chance of losing money, to emerging market or high technokv gy stock funds, which are very risky but offer the potential for huge returns. What's right for each investor depends on age; retirement plans, and tolerance for risk. Workers who can't sleep if they think they may lose money i should not be investing in Asian emerging markets. In general, the longer you expect to wait until you use the money, the more risky you can afford to b. Waller said a time-honored rule of thumb still - works: Subtract your age from 100, and invest that proportion in stocks. Put the rest in bonds. Then ire-adjust the funds annually. So if you're 30, put 70 percent of your 401(k)in stock funds, and 30 percent in bonds. At 60, and just five years from retirement, most of funds should be-in safe, reliable bonds. Still, there should be some stocks in the portfolio. , At Home Shopping Network in St. Petersburg f the company recently improved its match and expanded the investment options from six to 14. The reS suit was a 10 percent increase in participation, said Benefits Manager Kristi Marckese. While those are the keys for most employees, ? there are other aspects that employees should watch: The makeup of the company match. Most errt- ployers provide the match in cash, which allows thtf employee to invest it at their discretion among the; plan options. Some, however, provide the match up company stock, which is inherently riskier and may not be appropriate for people who do not deal with,', risk well or are close to retirement. Some companies tie the match to company profitability, but that applied to just one in the Tampa Bay area, TECO. Eligibility and vesting. Eligibility is how long a new employee must be there to begin making a contribution. Most major employers allow it immediati-ly, but some make a new employee wait a year. The vesting requirement describes how long an employee must work to own the company match. At some, employees must stay seven years to be fully vested in the company match. Those who quit before then give up all or part of the company match. - "1 Borrowing and emergency withdrawals. Most:' plans allow employees to borrow a portion of the value of the plan. By law, the upper limit is $50,000 and 50 percent of vested value. Some plans impose stricter limits. Most in the Tampa Bay area allowed the legal limit. Other benefits. Some companies offer what appear to be stingy 401(k)s, but reward employees in other ways. Profit sharing and employee stock ownership programs can supplement self-funded retire ment plans. Jabil Circuits in St. Petersburg provides no company match for its 401(k), but provides a profit-sharing plan, based on the performance of the employee's production plant. Transamerica dishes up hot item to investors Money Power A Kiplinger' report Like so many other financial-services companies, Transamerica best known for its pyramid-shaped building that graces San Francisco's skyline has entered the booming mutual-fund business. But unlike the often stodgy funds marketed by many other insurance companies, 1 ransamenca rre- 1 m , mier Equity (800-892-7587) is a sizzler. Premier Equity is the top-per forming long-term-growth fund over the past 12 months. It finished in the top 10 percent among its peers in its first full ' 5; . ( year, 1996. While the fund levies annual expenses of 1.5 percent, it has no sales charge. Ordinarily, you might wait for evidence that Pre mier Equity, which has assets of just $110 million, can put up good, long-term numbers. But the fund is a clone of a $900-million Transamerica retirement account. Premier Equity's manager, Glen Bickerstaff, 41, has also managed the retirement account since 1987. Over the past 10 years, the retirement account has returned an annualized 28.8 percent an all- but-impossible 10 percentage points per year more than Standard & Poor's 500-stock index. That's better than any mutual fund has done during the past 10 years. Moreover, the retirement account from which -J Premier Equity was cloned has shown consistency in its performance. Except for 1989, it has beaten the ' S&P 500 every year for a decade. The fund is one-; third more volatile than the average long-term- ' 1 growth fund and nearly two-thirds more volatile than the S&P 500. But, Bickerstaff says, "A great deal of our volatility has been on the upside." vS Bickerstaff, who works closely with the firm's ! i eight other analysts and portfolio managers, looks for businesses with a competitive edge. He wants companies that have exclusive products or are the low- , ; cost producers in an industry. The fund owns just 30 to 40 stocks, many of them industry leaders, such as technology giants Intel and Microsoft, and financial-services companies - Merrill Lynch and Charles Schwab. The median market value of the fund's stocks is about $5 billion. On average, these stocks trade at 34 times trailing 12-month earnings. Bickerstaff holds stocks an average of four years and sells when a stock outperforms "our most optimistic projections," or if a company's fundamentals -a deteriorate. Bickerstaff spends most of his time visiting with company officials and tearing apart balance sheets and income statements. As a valuation tool, he looks primarily at pretax cash flow relative to what the ; whole company should sell for in a private transac- : tion. I J t I 7 -i m m m

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