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wsj_0781
Document creation time: 10/27/89 Most of Compaq's decline is being attributed to a third-quarter earnings report that came in at the low end of analysts' expectations.
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wsj_0781
Document creation time: 10/27/89 Intel said it had corrected the problems and would start producing bugless chips next week.
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wsj_0781
Document creation time: 10/27/89 "We should not be seeing any more," said Bill Rash, Intel's director for the 486 chip.
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wsj_0781
Document creation time: 10/27/89 "These errata do not affect business programs," he said.
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wsj_0781
Document creation time: 10/27/89 The bugs will cause problems in "specific and rare circumstances that will not occur in typical applications" such as word-processing and spreadsheets, said Michael Slater, editor of the Microprocessor Report, an industry newsletter.
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wsj_0781
Document creation time: 10/27/89 Sun, Hewlett-Packard and others say Intel isn't wholly to blame for the snafu.
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wsj_0781
Document creation time: 10/27/89 "The reason this is getting so much visibility is that some started shipping and announced early availability," said Hewlett-Packard's Mr. Archuleta.
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wsj_0781
Document creation time: 10/27/89 In late September, IBM began shipping a plug-in card that converts its PS/2 model 70-A21 from a 80386 machine to an 80486 machine.
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wsj_0781
Document creation time: 10/27/89 An IBM spokeswoman said the company told customers Monday about the bugs and temporarily stopped shipping the product.
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wsj_0781
Document creation time: 10/27/89 IBM has no plans to recall its add-on cards, the spokeswoman said, and could probably circumvent the bugs without long product delays.
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wsj_0781
Document creation time: 10/27/89 Compaq, which said it discovered the bugs, still plans to announce new 486 products on Nov. 6.
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wsj_0781
Document creation time: 10/27/89 The problem is being ballyhooed, experts say, because the 486 is Intel's future flagship.
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wsj_0781
Document creation time: 10/27/89 "Although these sorts of bugs are not at all uncommon, the 486 is an extremely high-profile product," said Mr. Slater, the newsletter editor.
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wsj_0781
Document creation time: 10/27/89 Machines using the 486 are expected to challenge higher-priced work stations and minicomputers in applications such as so-called servers, which connect groups of computers together, and in computer-aided design.
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wsj_0781
Document creation time: 10/27/89 The 486 is the descendant of a long series of Intel chips that began dominating the market ever since IBM picked the 16-bit 8088 chip for its first personal computer.
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wsj_0781
Document creation time: 10/27/89 That's what will keep computer makers coming in spite of the irritation of bugs.
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wsj_0781
Document creation time: 10/27/89 Big personal computer makers and many makers of engineering workstations are developing 486-based machines, which are expected to reach the market early next year.
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wsj_0781
Document creation time: 10/27/89 "The 486 is going to have a big impact on the industry," said Hewlett-Packard's Mr. Archuleta.
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wsj_0558
Document creation time: 10/30/89 Aetna Life amp Casualty Co.'s third-quarter net income fell 22% to $182.6 million, or $1.63 a share, reflecting the damages from Hurricane Hugo and lower results for some of the company's major divisions.
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wsj_0558
Document creation time: 10/30/89 Catastrophe losses reduced Aetna's net income by $50 million, including $36 million from Hugo.
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wsj_0558
Document creation time: 10/30/89 Last year catastrophe losses totaled $5 million, when net was $235.5 million, or $2.07 a share.
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wsj_0558
Document creation time: 10/30/89 The year-earlier results have been restated to reflect an accounting change.
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wsj_0558
Document creation time: 10/30/89 The insurer has started processing claims from the Northern California earthquake nearly two weeks ago.
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wsj_0558
Document creation time: 10/30/89 But because these claims are more difficult to evaluate and have been coming in more slowly, the company has no estimate of the impact of the earthquake on fourth-quarter results.
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wsj_0558
Document creation time: 10/30/89 In New York Stock Exchange composite trading Friday, Aetna closed at $60, down 50 cents.
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wsj_0558
Document creation time: 10/30/89 In the latest quarter, Aetna had a $23 million loss on its auto/homeowners line, compared with earnings of $33 million last year.
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wsj_0558
Document creation time: 10/30/89 Profit for its commercial insurance division fell 30% to $59 million, reflecting higher catastrophe losses and the price war in the property/casualty market for nearly three years.
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wsj_0558
Document creation time: 10/30/89 However, Aetna's employee benefits division, which includes its group health insurance operations, posted a 34% profit gain to $106 million.
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wsj_0558
Document creation time: 10/30/89 Third-quarter results included net realized capital gains of $48 million, which included $27 million from the sale of Federated Investors in August and a $15 million tax credit.
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wsj_0558
Document creation time: 10/30/89 In the nine months, net rose 4.3% to $525.8 million or $4.67 a share, from $504.2 million, or $4.41 a share, last year.
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wsj_0816
Document creation time: 10/27/89 Some lousy earnings reports whacked the stock market, but bond prices fell only slightly and the dollar rose a little against most major currencies.
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wsj_0816
Document creation time: 10/27/89 The dollar rose modestly against the mark and the yen, but soared against the pound following the resignation of Britain's chancellor of the Exchequer, Nigel Lawson.
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wsj_0816
Document creation time: 10/27/89 Analysts have complained that third-quarter corporate earnings haven't been very good, but the effect hit home particularly hard yesterday.
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wsj_0816
Document creation time: 10/27/89 Compaq Computer nose-dived $8.625 a share, to $100, and pulled other technology issues lower after reporting lower-than-expected earnings after the stock market closed Wednesday.
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wsj_0816
Document creation time: 10/27/89 Later yesterday the nation's major auto makers added to the gloom when they each reported their core auto operations were net losers in the third quarter.
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wsj_0816
Document creation time: 10/27/89 The less-than-robust third-quarter results came amid renewed concern about the volatility of stock prices and the role of computer-aided program trading.
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wsj_0816
Document creation time: 10/27/89 Taken together, the worries prompted a broad sell-off of stocks.
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wsj_0816
Document creation time: 10/27/89 The number of stocks on the New York Stock Exchange that fell in price yesterday exceeded 1,000, a key measure of underlying sentiment among technical analysts.
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wsj_0816
Document creation time: 10/27/89 Although the government said the economy grew an estimated 2.5% in the third quarter, in line with expectations, analysts are increasingly predicting much more sluggish growth -- and therefore more corporate earnings disappointments -- for the fourth quarter.
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wsj_0816
Document creation time: 10/27/89 "There are a lot more downward revisions of earnings forecasts than upward revisions," said Abby Joseph Cohen, a market strategist at Drexel Burnham Lambert.
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wsj_0816
Document creation time: 10/27/89 The bond market was unmoved by the economic statistics.
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wsj_0816
Document creation time: 10/27/89 While bond investors would have preferred growth to be a little slower, they were cheered by inflation measures in the data that showed prices rising at a modest annual rate of 2.9%.
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wsj_0816
Document creation time: 10/27/89 That is another small encouragement for the Federal Reserve to lower interest rates in coming weeks, they reasoned.
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wsj_0816
Document creation time: 10/27/89 In major market activity: Stock prices fell sharply in active trading.
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ABC19980108.1830.0711
Document creation time: 19980108 On the other hand, it's turning out to be another very bad financial week for Asia.
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ABC19980108.1830.0711
Document creation time: 19980108 The financial assistance from the World Bank and the International Monetary Fund are not helping.
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ABC19980108.1830.0711
Document creation time: 19980108 In the last twenty four hours, the value of the Indonesian stock market has fallen by twelve percent.
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ABC19980108.1830.0711
Document creation time: 19980108 In Singapore, stocks hit a five year low.
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ABC19980108.1830.0711
Document creation time: 19980108 In the Philippines, a four year low.
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ABC19980108.1830.0711
Document creation time: 19980108 So when Wong Kwan spent seventy million dollars for this house, he thought it was a great deal.
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ABC19980108.1830.0711
Document creation time: 19980108 He sold the property to five buyers and said he'd double his money.
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ABC19980108.1830.0711
Document creation time: 19980108 Now with new construction under way, three of his buyers have backed out.
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ABC19980108.1830.0711
Document creation time: 19980108 And Wong Kwan will be lucky to break even.
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ABC19980108.1830.0711
Document creation time: 19980108 All across Hong Kong, the property market has crashed.
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ABC19980108.1830.0711
Document creation time: 19980108 Pamela Pak owns eight condominiums here.
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ABC19980108.1830.0711
Document creation time: 19980108 Pak can't find buyers.
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ABC19980108.1830.0711
Document creation time: 19980108 She estimates her properties, worth a hundred thirty million dollars in October, are worth only half that now.
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ABC19980108.1830.0711
Document creation time: 19980108 They believe ah it will be always up going up and up ah forever.
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ABC19980108.1830.0711
Document creation time: 19980108 Nobody believe this any more.
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ABC19980108.1830.0711
Document creation time: 19980108 But in the past three months, stocks have plunged, interest rates have soared and the downturn all across Asia means that people are not spending here.
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ABC19980108.1830.0711
Document creation time: 19980108 You can get seventy percent discounts at the shopping malls.
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ABC19980108.1830.0711
Document creation time: 19980108 And at the big brokerage houses, after ten years of boom, they're talking about layoffs.
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ABC19980108.1830.0711
Document creation time: 19980108 I think that the mood is fairly gloomy, and I think it's not going to change for a couple of years.
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ABC19980108.1830.0711
Document creation time: 19980108 To either hold on tight or get out, as much of Asia goes into recession.
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APW199980817.1193
Document creation time: 1998-08-17 DAR ES SALAAM, Tanzania (AP) _ U.S. Secretary of State Madeleine Albright headed Tuesday to East Africa, seeking to demonstrate American support after the bombings that targeted U.S. embassies, but mostly claimed African lives.
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APW199980817.1193
Document creation time: 1998-08-17 ``To America's embassy personnel in Nairobi and Dar es Salaam, I will bring a message of solidarity in their sorrow, admiration for their courage and support for their continued efforts on behalf of our country,'' Albright said Monday before leaving Andrews Air Force Base, Maryland .
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APW199980817.1193
Document creation time: 1998-08-17 ``To the people of Kenya and Tanzania, I will bring a message of friendship, made deeper by our shared grief, and of support in doing all we can to ease their suffering and help them start anew.''
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APW199980817.1193
Document creation time: 1998-08-17 Albright, after a 16-hour flight, is scheduled to spend only five hours on the ground in Dar es Salaam, Tanzania, her first stop Tuesday morning, and then about 5 1/2 hours in Nairobi, Kenya, later in the day before returning immediately home.
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APW199980817.1193
Document creation time: 1998-08-17 Albright's visit to East Africa was designed in part to demonstrate U.S. resolve in the face of growing terrorist threats to Americans.
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APW199980817.1193
Document creation time: 1998-08-17 Some Kenyans have complained that after the Nairobi bombing, rescuers gave priority to finding American victims and to protecting evidence at the expense of saving African lives.
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APW199980817.1193
Document creation time: 1998-08-17 But Albright and other U.S. officials have strongly disputed that notion, saying the priority had been rescuing all possible, African and American.
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APW199980817.1193
Document creation time: 1998-08-17 On Friday, when Albright set aside vacation plans for the hastily planned trip to East Africa, the State Department lifted a warning against travel to Kenya, whose economy relies heavily on foreign visitors, to further ease any strain in the aftermath of the tragedy.
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APW199980817.1193
Document creation time: 1998-08-17 Just ahead of Albright's one-day trip, the State Department on Sunday issued an updated ``worldwide caution'' to U.S. travelers in the aftermath of the Aug. 7 bombings at American embassies in Kenya and Tanzania and because of fresh threats to U.S. interests abroad.
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APW199980817.1193
Document creation time: 1998-08-17 An accompanying statement specifically warned ``against all travel to Pakistan.''
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APW199980817.1193
Document creation time: 1998-08-17 The warnings came after Pakistan handed over to Kenyan officials a suspect in the U.S. Embassy bombings, Mohammed Saddiq Odeh, also known as Mohammad Sadiq Howaida and Abdull Bast Awadh.
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APW199980817.1193
Document creation time: 1998-08-17 The first batch of evidence from the Nairobi bombing arrived over the weekend at the FBI lab at the bureau's Washington headquarters and is being analyzed, FBI officials said Monday.
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APW199980817.1193
Document creation time: 1998-08-17 Many more shipments are expected, but the first batch contained cotton swabs taken at the blast site in hopes of picking up microscopic residues that could positively identify what the bomb was made of.
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APW199980817.1193
Document creation time: 1998-08-17 A U.S. official said last week that field tests suggested the presence of a Czech-made plastic explosive called Semtex that has been used by terrorist groups before.
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wsj_0695
Document creation time: 10/27/89 A group of investors led by Giant Group Ltd. and its chairman, Burt Sugarman, said it filed with federal antitrust regulators for clearance to buy more than 50% of the stock of Rally's Inc., a fast-food company based in Louisville, Ky. Rally's operates and franchises about 160 fast-food restaurants throughout the U.S.
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wsj_0695
Document creation time: 10/27/89 The company went public earlier this month, offering 1,745,000 shares of common stock at $15 a share.
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wsj_0695
Document creation time: 10/27/89 Giant Group owned 22% of Rally's shares before the initial public offering.
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wsj_0695
Document creation time: 10/27/89 A second group of three company directors, aligned with Rally's founder James Patterson, also is seeking control of the fast-food chain.
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wsj_0695
Document creation time: 10/27/89 It is estimated that the Patterson group controls more than 40% of Rally's stock.
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wsj_0695
Document creation time: 10/27/89 Rally officials weren't available to comment late yesterday.
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wsj_0695
Document creation time: 10/27/89 For the year ended July 2, Rally had net income of $2.4 million, or 34 cents a share, on revenue of $52.9 million.
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wsj_0583
Document creation time: 10/30/89 Polly Peck International Inc.'s agreement to acquire 51% of Sansui Electric Co. proves that foreign companies can acquire Japanese companies -- if the alternative for the Japanese company is extinction.
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wsj_0583
Document creation time: 10/30/89 Polly Peck, a fast-growing British conglomerate, will pay 15.6 billion yen ($110 million) for 39 million new shares of Sansui, a well-known maker of high-fidelity audio equipment that failed to adjust to changing market conditions.
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wsj_0583
Document creation time: 10/30/89 Japanese government officials, eager to rebut foreign criticism of Japanese investments overseas, hailed the transaction as proof foreigners can make similar investments in Japan.
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wsj_0583
Document creation time: 10/30/89 Polly Peck's chairman, Asil Nadir, echoed the official Japanese view of the accord, which was announced Friday.
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wsj_0583
Document creation time: 10/30/89 But analysts say Sansui is a special case.
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wsj_0583
Document creation time: 10/30/89 It expects to post a loss of 6.4 billion yen for the year ending tomorrow and its liabilities currently exceed its assets by about 13.8 billion yen.
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wsj_0583
Document creation time: 10/30/89 "If you find sound, healthy companies in Japan, they are not for sale," said George Watanabe, a management-consultant at Tokyo-based Asia Advisory Services Inc. Statistics on acquisitions by foreigners vary in detail, because unlike Sansui, which is listed on the Tokyo and Osaka stock exchanges, most of the Japanese companies acquired by foreigners are privately held.
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wsj_0583
Document creation time: 10/30/89 Nor do analysts expect the Sansui deal to touch off a fresh wave of foreign purchases.
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wsj_0583
Document creation time: 10/30/89 If the strong yen and the high stock prices of Japanese companies weren't deterrents enough, webs of cross-shareholdings between friendly Japanese companies and fiercely independent Japanese corporate attitudes repel most would-be acquirers.
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wsj_0583
Document creation time: 10/30/89 But in recent years, the market has moved toward less expensive "mini-component" sets, miniaturized amplifiers and receivers and software players that could be stacked on top of each other.
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wsj_0583
Document creation time: 10/30/89 Some of Sansui's fellow audio-specialty companies, such as Aiwa Co. and Pioneer Electric Corp., responded to the challenge by quickly bringing out mini-component products of their own, by moving heavily into the booming compact disk businesses or by diversifying into other consumer-electronics fields, including laser disks or portable cassette players.
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wsj_0583
Document creation time: 10/30/89 As the yen soared in recent years, Sansui's deepening financial problems became a vicious circle.
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wsj_0583
Document creation time: 10/30/89 While competitors moved production offshore in response to the sagging competitiveness of Japanese factories, Sansui lacked the money to build new plants in Southeast Asia.
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wsj_0583
Document creation time: 10/30/89 "Our company has not been able to cope very effectively with" changes in the marketplace, said Ryosuke Ito, Sansui's president.
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wsj_0583
Document creation time: 10/30/89 Yoshihisa Murasawa, a management consultant for Booz-Allen amp Hamilton (Japan) Inc., said his firm will likely be recommending acquisitions of Japanese companies more often to foreign clients in the future.
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