Beverage purveyor cum entertainment giant SEAGRAM LTD. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: VO)") else Response.Write("(NYSE: VO)") end if %> rose $2 13/16 to $35 1/4 after its Universal Studios subsidiary sold off a substantial portion of its television assets to the parent company of Home Shopping Network, HSN INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: HSNI)") else Response.Write("(Nasdaq: HSNI)") end if %>, which rose $3 1/4 to $41 7/8. The assets where sold for $4.075 billion, in the form of 45% of HSN's common equity equivalents (Seagram has the option of raising its stake in the new venture to 57%) plus approximately $1.2 billion in cash. Seagram seems to feel that under Home Shopping Network head Barry Diller's guidance, its USA Networks, which includes the USA Network and the Sci-Fi Channel, will grow faster than if it were operated by Seagram alone. With these new assets, HSN will sport revenues of $2.5 billion and gross cash flow of $400 million per year. Seagram's stake in this cash flow will amount to $180 million, as opposed to the $85 million it garnered from USA Networks alone.
Petroleum pipeline operator SANTA FE PACIFIC PIPELINE <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: SFL)") else Response.Write("(NYSE: SFL)") end if %> jumped $9 1/8 to $50 1/4 after agreeing to merge with Midwest and Texas energy distributor KINDER MORGAN ENERGY PARTNERS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: ENP)") else Response.Write("(NYSE: ENP)") end if %> for 1.39 Kinder Morgan LP units for each share of Santa Fe, creating the largest U.S. pipeline master limited partnership. Santa Fe distributes largely refined fuels across six western states through 3,300 miles of pipeline and 14 truck-loading terminals. Kinder Morgan's rationale for the move is to gain a foothold in Nevada, Arizona, and California (Santa Fe has the largest pipeline presence in California), which are all expected to be huge areas of demand going forward. Kinder will also pay $85 million in cash and acquire $350 million in debt in the deal.
QUICK TAKES: Printer company LEXMARK INTERNATIONAL GROUP <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: LXK)") else Response.Write("(NYSE: LXK)") end if %> rose $4 15/16 to $34 13/16 after posting Q3 EPS of $0.54. The company also said that it is "comfortable'' with the current range of analysts' EPS estimates for fourth quarter... Vacation ownership company FAIRFIELD COMMUNITIES <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: FFD)") else Response.Write("(NYSE: FFD)") end if %> rose $4 11/16 to $45 13/16 after posting Q3 EPS of $0.48 in addition to being in an industry favored by Barron's this past weekend... CROSS TIMBERS OIL CO. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: XTO)") else Response.Write("(NYSE: XTO)") end if %> survived a rating review for potential downgrade from Moody's and posted third quarter EPS of $0.11, boosting shares $2 1/4 to $27 1/4... Embattled casino and lodging takeover candidate ITT CORP. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: ITT)") else Response.Write("(NYSE: ITT)") end if %> rose $5 3/8 to $75 3/4 after it was reported that STARWOOD LODGING TRUST <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: HOT)") else Response.Write("(NYSE: HOT)") end if %> signed a merger agreement with the firm to acquire all the outstanding ITT stock at $15 in cash and $67 in newly issued Starwood shares for each ITT share.
Specialty chemicals company NL INDUSTRIES <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: NL)") else Response.Write("(NYSE: NL)") end if %> shot $1 1/16 higher to $16 1/4 after Morgan Stanley raised its recommendation on the firm from "neutral" to "outperform"... Offshore services company PETROLEUM GEO-SERVICES <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: PGO)") else Response.Write("(NYSE: PGO)") end if %> jumped $4 1/2 to $73 1/8 after nine-month revenues jumped 28%, due in part to improved productivity, better pricing, and a 63% surge in three-dimensional seismic sales. Third quarter EPS was $0.86... Maker of snowmobiles, all-terrain vehicles and personal watercraft POLARIS INDUSTRIES <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: PII)") else Response.Write("(NYSE: PII)") end if %> motored $1 15/16 higher to $33 1/4 after posting Q3 EPS of $0.81... Struggling telecommunications giant AT&T CORP. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: T)") else Response.Write("(NYSE: T)") end if %> rang up a gain of $2 5/16 to $47 1/2 after posting third quarter EPS of $0.75, beating estimates of $0.65. The company also confirmed that Michael Armstrong, current head of Hughes Electronics, will become AT&T's new chairman and chief executive.
IONA TECHNOLOGIES <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: IONAY)") else Response.Write("(Nasdaq: IONAY)") end if %>, a designer of networking software, gained $3 7/16 to $16 1/8 after posting Q3 EPS of $0.10, beating estimates of $0.09... Ball bearing manufacturer GENERAL BEARING CORP. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: GNRL)") else Response.Write("(Nasdaq: GNRL)") end if %> rolled $2 7/16 higher to $16 7/16 after reporting a Q3 net income rise of 348% over the prior year with EPS of $0.36 per share, crushing estimates of $0.28... CD maker ZOMAX OPTICAL MEDIA <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: ZOMX)") else Response.Write("(Nasdaq: ZOMX)") end if %> rose $1 9/16 to $12 7/16 after an analyst commented in Investor's Business Daily that 1997 EPS should rise to $0.50... QUALITY DINING <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: QDIN)") else Response.Write("(Nasdaq: QDIN)") end if %> added $19/32 to $5 1/16 after it said that three franchisees who had asked a federal court in Baltimore to enjoin the planned sale of Quality's Bruegger's bagel-related businesses have withdrawn their request... Tax software and web company INTUIT INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: INTU)") else Response.Write("(Nasdaq: INTU)") end if %> gained $3 7/8 to $34 after it was upgraded by BT Alex. Brown to "strong buy" from "buy."
Discount broker E*TRADE GROUP <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: EGRP)") else Response.Write("(Nasdaq: EGRP)") end if %> jumped $3 3/4 to $33 7/8 after Piper Jaffray raised its rating on the company to "buy" from "accumulate"... PHYSICIAN SALES & SERVICE <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: PSSI)") else Response.Write("(Nasdaq: PSSI)") end if %>, a distributor of medical supplies, equipment, and pharmaceuticals to primary care practices, rose $1 13/16 to $24 1/16 after recording Q2 EPS of $0.10... Ice cream maker, nature lover, and all-around good company BEN & JERRY'S <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: BJICA)") else Response.Write("(Nasdaq: BJICA)") end if %> spooned on $1 5/16 to $15 9/16 after announcing that it is entering markets in Japan and Singapore. The company also reported Q3 EPS of $0.34... Online book seller AMAZON.COM <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: AMZN)") else Response.Write("(Nasdaq: AMZN)") end if %> gained $2 3/8 to $45 7/8 on announcing an agreement whereby NETSCAPE COMMUNICATIONS <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: NSCP)") else Response.Write("(Nasdaq: NSCP)") end if %> will sell Amazon products through its "NetCenter"... Housewares retailer BED BATH & BEYOND <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: BBBY)") else Response.Write("(Nasdaq: BBBY)") end if %> added $2 3/8 to $32 1/2 after Paine Webber raised its rating on the firm to "attractive" from "neutral."
FIRST COMMERCE CORP. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: FCOM)") else Response.Write("(Nasdaq: FCOM)") end if %> rose $8 1/4 to $66 3/8 after BANC ONE CORP. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: ONE)") else Response.Write("(NYSE: ONE)") end if %> agreed to acquire the company for $3 billion in stock... Custom envelope printer MAIL-WELL INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: MWL)") else Response.Write("(NYSE: MWL)") end if %> was sent $1 7/8 higher to $37 after receiving a reiterated "buy" rating from Nichols, Safina, Lerner & Co... Fast food company SONIC CORP. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: SONC)") else Response.Write("(Nasdaq: SONC)") end if %> gained $1 3/8 to $27 7/8 after it reported Q4 EPS of $0.49, beating estimates of $0.46... Specialty chemical maker SYBRON CHEMICALS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: SYC)") else Response.Write("(NYSE: SYC)") end if %> shot up $6 1/4 to $32 1/2 after reporting that it had received a buyout proposal from an investor group for $32 to $33 a share... Wireless communications products company WINSTAR COMMUNICATIONS <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: WCII)") else Response.Write("(Nasdaq: WCII)") end if %> rose $1 5/8 to $25 5/8 after it completed its acquisition of the switch assets of U.S. One Communications, which it plans to turn around and sell for a profit.
Information technology outsourcing services provider NATIONAL TECH TEAM <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: TEAM)") else Response.Write("(Nasdaq: TEAM)") end if %> appears to be one of the last inbound call center services companies to report poor earnings this quarter. The stock fell $1 1/4 to $12 after the company forecast a loss for the quarter, missing the analysts' mean estimate of $0.07 per share. Those results were supposed to be down 12% from last year but up six-fold from last quarter when the company reported EPS of $0.01. Early in September, the company said it would increase capacity in its Chicago office to accommodate the needs of a large OEM customer. Among NTT customers, Hewlett-Packard, Ford, and Chrysler are the largest. Like other call center companies, NTT's customers can cancel contracts on very short notice with no recourse, making for poor future earnings visibility and the inability of management to accurately guide investor expectations.
APPLE COMPUTER <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: AAPL)") else Response.Write("(Nasdaq: AAPL)") end if %> fell $1 7/16 to $18 11/16 today after Standard & Poor's lowered its ratings on the company's corporate credit, senior unsecured debt, and subordinated debt all further into junk territory. Apple recently reported a net loss for the quarter of $1.26 per share, including a "restructuring charge" as well as a charge for repurchasing a Mac OS license it had granted to Power Computing. Normally, an analyst would look at a company's ongoing earnings power and take out "one-time charges," but they've become so frequent in Apple's case that one can't ignore them. Part of the problem in ignoring these charges for Apple is that investors might be kidding themselves as to the real profitability of the company. Even reducing the value of fixed assets at the company, which reduces depreciation charges on the income statement, the company's margins are still falling. Going to a direct sales model doesn't magically increase profits if demand is falling. Increasing demand leads to greater profits, not letting the beancounters run the show.
QUICK CUTS: Chuck E. Cheese operator SHOWBIZ PIZZA TIME <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: SHBZ)") else Response.Write("(Nasdaq: SHBZ)") end if %> was looking more like Charles the Rat today, losing $2 15/16 to $21 1/2 after reporting Q3 EPS of $0.32, in line with estimates... ALTRON INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: ALRN)") else Response.Write("(Nasdaq: ALRN)") end if %> fell $1 1/16 to $14 3/4 after BT Alex. Brown lowered its rating on the shares of the electronics interconnect manufacturer to "market perform" from "buy"... Metrology equipment maker BROWN & SHARPE MANUFACTURING <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: BNS)") else Response.Write("(NYSE: BNS)") end if %> was cut down $1 11/16 to $12 3/8 after reporting a 6% decline in Q3 revenues and EPS of $0.02, well below estimates of $0.16... TAIWAN SEMICONDUCTOR <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: TSM)") else Response.Write("(NYSE: TSM)") end if %> lost $3 1/8 to $22 after the Taiwan stock slid 4% overnight after that country's central bank continued to let market forces push down the Taiwan dollar.
FOOL ON THE HILL
An Investment Opinion by Randy Befumo
Justice Against Microsoft -- Netscape Benefits from Microsoft's Misfortune
NETSCAPE <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: NSCP)") else Response.Write("(Nasdaq: NSCP)") end if %> received a boost today after the Department of Justice went after MICROSOFT <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: MSFT)") else Response.Write("(Nasdaq: MSFT)") end if %>. The federal law enforcement agency accused Microsoft of violating its 1995 settlement of federal antitrust charges by requiring personal computer manufacturers to license and distribute the company's Web browser as a condition of licensing the Windows 95 operating system. Netscape shot up $4 5/16 to $39 1/4 in heavy trading on the news while Microsoft rose $1/4 to $132 1/2 on more than two times normal volume.
"Microsoft is unlawfully taking advantage of its Windows monopoly to protect and extend that monopoly and undermine consumer choice," said Attorney General Janet Reno in a statement today. The 1995 settlement specifically restricted Microsoft from compelling personal computer manufacturers to license any other product as a condition of getting the operating system. Microsoft had skirted the issue by claiming that its Internet Explorer browser was part of the operating system, but with today's announcement it appears that the Department of Justice is unwilling to accept this argument.
The Justice Department is now asking Microsoft to take a number of actions or a face fines of up to $1 million a day as a consequence. First and foremost, the software juggernaut can no longer require PC makers to take Internet Explorer as a condition of getting Windows 95. PC makers also get to remove whole sections from the non-disclosure agreements they have already signed with Microsoft regarding licensing Windows 95. Finally, Microsoft has to notify consumers that they don't have to use the browser if they don't want to, a somewhat ambiguous proposition.
The current legal battle only increases the amount of time Microsoft will have to spend in court over the next few months. On October 7, SUN MICROSYSTEMS <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: SUNW)") else Response.Write("(Nasdaq: SUNW)") end if %> filed a lawsuit in U.S. District Court that charged Microsoft with violating its licensing agreement for Java technology. Sun alleges that Microsoft failed to deliver a "compatible implementation" of the computer language, stating that Microsoft's changes do not conform with the specifications for the Internet programming language. Microsoft apparently has changed Java in such a way that applets written with Microsoft's Java tools may not work on non-Windows platforms. That same day, Sun Microsystems Chief Executive Scott McNealy went as far as to urge participants at Gartner's Information Technology Conference to buy Netscape's Navigator and send Microsoft a message. "The first thing you ought to do is you ought to go find [Netscape Chief Executive Jim] Barksdale and buy Navigator and put it on your computer in a hurry," quipped McNealy.
Although McNealy has made a career of coining witticisms at Microsoft's expense, these legal issues raise questions as to how easily Microsoft will extend its dominance in operating systems and applications onto the Internet. Activist Ralph Nader is even planning a two-day conference on Microsoft's business practices that has garnered quite a bit of attention, although there has been no official reaction from Microsoft. After today's move by the Justice Department, the November 13th and 14th event at Washington DC's Omni Shoreham hotel should draw a pretty good crowd. The conference information and agenda promises a Microsoft hatefest on the scale few prior events can claim.
While the effects of a Department of Justice intervention are difficult to quantify at this time, it seems pretty much a no-brainer that any action in this sphere can only benefit Netscape. Netscape sprang into being in 1995 with a tremendous lead in the browser area and was selling product before Microsoft even had a browser to hawk. Lately Netscape's market share in the browser market has been under siege by Microsoft. Microsoft's recently released Internet Explorer 4.0 had more than a million downloads on its first day. More than 200,000 pre-ordered the $4.95 CDs to avoid the one to three hours of download time required over a 28.8 connection.
The popularity of Microsoft's new release ahead of Netscape's next version of the browser code-named "Aurora" comes at an already bad time for Netscape. Websites are reporting that the number of people coming to them using Internet Explorer has skyrocketed over the past few months. Netscape has also been partnering with companies like AMERICA ONLINE <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: AOL)") else Response.Write("(NYSE: AOL)") end if %> to add features to the browser to give it some kind of competitive edge, but Microsoft's domination of the desktop has allowed it to gain market share when few other companies could have managed the same. With the possibility of cutting deals with various PC makers to get Netscape alone on the desktop, it might be able to turn around the loss in market share. However, should Microsoft turn its notification of PC users into an exercise in brand-building and simply make Explorer part of the Microsoft Office package, it could turn this sow's ear into a silk purse. Investors are cautioned not to make decisions based on this one event.
VISX INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: VISX)") else Response.Write("(Nasdaq: VISX)") end if %>
(402) 220-4836 -- replay
SYBASE <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: SYBS)") else Response.Write("(Nasdaq: SYBS)") end if %>
(402) 220-0111 -- replay
IOMEGA CORPORATION <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: IOM)") else Response.Write("(NYSE: IOM)") end if %>
(800) 446-4927 -- replay through 10/20
E*TRADE GROUP <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: EGRP)") else Response.Write("(Nasdaq: EGRP)") end if %>
(800) 633-8284 (access code: 3297460) -- replay through 10/21 @ 4:00 pm EDT
CREE RESEARCH <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: CREE)") else Response.Write("(Nasdaq: CREE)") end if %>
(800) 633-8284 (code: 3256078) -- replay through 10/21
PLATINUM TECHNOLOGY <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: PLAT)") else Response.Write("(Nasdaq: PLAT)") end if %>
(800) 642-1687 (code: 635624) -- replay through 10/21
DOCUMENTUM <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: DCTM)") else Response.Write("(Nasdaq: DCTM)") end if %>
(402) 344-1087 -- replay through 10/21
MICROSOFT CORPORATION <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: MSFT)") else Response.Write("(Nasdaq: MSFT)") end if %>
(800) 456-5304 (code: 1017) -- replay through 10/22
360 COMMUNICATIONS <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: XO)") else Response.Write("(NYSE: XO)") end if %>
(402) 220-3014 -- replay through 10/22
AVALON PROPERTIES <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: AVN)") else Response.Write("(NYSE: AVN)") end if %>
(800) 475-6701 (code: 359042) -- replay through 10/22
(320) 365-3844 (code: 359042) -- replay number for international callers
INTERMET INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: INMT)") else Response.Write("(Nasdaq: INMT)") end if %>
(800) 475-6701 (code: 360026) -- replay through 10/23
(320) 365-3844 (code: 360026) -- replay for international callers
TRIBUNE COMPANY <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: TRB)") else Response.Write("(NYSE: TRB)") end if %>
1-800-633-8284 (code: 3218583) -- replay through 10/24
RTW INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: RTWI)") else Response.Write("(Nasdaq: RTWI)") end if %>
(800) 475-6701 (code: 359246) -- replay through 10/24
10/21/97 (Tuesday)
TIDEWATER <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: TDW)") else Response.Write("(NYSE: TDW)") end if %>
(800) 475-6701 (#358977) -- replay through 10/22 @ 11:00 am EDT
10/21/97 (Tuesday)
RAPTOR SYSTEMS, INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: RAPT)") else Response.Write("(Nasdaq: RAPT)") end if %>
(402) 220-4216 -- replay through 10/27
10/21/97 (Tuesday)
COMPUTER ASSOCIATES <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: CA)") else Response.Write("(NYSE: CA)") end if %>
(888) 243-0816 (code: 5276) -- replay from 10/21 @ 7:00 pm through 10/23 @ 5:00 pm
10/22/97 (Wednesday)
SAFEGUARD SCIENTIFICS INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: SFE)") else Response.Write("(NYSE: SFE)") end if %>
(800) 642-1687 (code: 634564) -- replay
10/22/97 (Wednesday)
MURPHY OIL CORP <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: MUR)") else Response.Write("(NYSE: MUR)") end if %>
1:00 p.m. EDT
(800) 287-0835
(800) 633-8284 (code: 3190642) -- replay through 10/24 @ 1:00 pm EDT
10/22/97 (Wednesday)
READ-RITE <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: RDRT)") else Response.Write("(Nasdaq: RDRT)") end if %>
(800) 633-8284 (reservation # 3156600) -- replay through 10/23
(303) 248-1201 (reservation # 3156600) -- replay for international callers
10/22/97 (Wednesday)
AXENT TECHNOLOGIES INC. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: AXNT)") else Response.Write("(Nasdaq: AXNT)") end if %>
5:30 p.m. EDT
(612) 288-0340 -- live
10/22/97 (Wednesday)
FORTE SOFTWARE <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: FRTE)") else Response.Write("(Nasdaq: FRTE)") end if %>
(402) 280-9000 -- replay through 10/27
10/22/97 (Wednesday)
ARBOR SOFTWARE <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: ARSW)") else Response.Write("(Nasdaq: ARSW)") end if %>
(800) 633-8284 (code: 3217382) -- replay through 10/25
THIS WEEK'S CONFERENCE CALL SYNOPSES
GREEN TREE FINANCIAL <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: GNT)") else Response.Write("(NYSE: GNT)") end if %> Call
CARLISLE COMPANIES <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE: CSL)") else Response.Write("(NYSE: CSL)") end if %> Call
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Every day, News writers Dale Wettlaufer and Randy Befumo engage in an impromptu discussion about the stories they find most compelling from the day's news, adding color, fresh commentary and the occasional wisecrack for your listening enjoyment. Check it all out in the Motley Fool's Evening Report on RealAudio Produced by partner AudioNet.
Randy Befumo (TMF Templr), Fool
One
Dale Wettlaufer (TMF Ralegh), Fool
Two
Alex Schay (TMF Nexus6), Fool
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Contributing Writers
Brian Bauer (TMF Hoops), Fool Four
Editing