Investing For Growth
Investing For Growth
by Robert Sheard (MF DowMan) LEXINGTON, Ky. (May 6): Another mixed day for the IFG Model Portfolio as the stock market made a complete circuit, opening higher, dropping at mid-day, and then recovering, all in the absence of any real meat to chew on. Yet, by the closest of margins, IFG stayed ahead of the three indices for the day.
One of IFG's recent strong performers, Checkpoint Systems <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CKP)") else Response.Write("(NYSE:CKP)") end if %> filed a shelf registration today with the SEC for 3.5 million shares of common stock. The company said it will use net proceeds for general corporate purposes, including potential acquisitions and costs of related start-up operations to enhance product diversification, and for working capital. Underwriters are NatWest, Alex. Brown, Deutsche Morgan Grenfell, PaineWebber, Raymond James, and HD Brous.
In a study sponsored by Checkpoint and conducted by the Food Marketing Institute, researchers determined that shoplifting remains the most common and costly type of loss in supermarkets. Checkpoint Systems' EAS (electronic article surveillance) and CCTV (closed circuit television) systems are designed to control such shoplifting and internal theft.
Most of the companies responding to the survey recommended EAS and CCTV systems as the best cost-saving solutions. According to Kevin Dowd, president and chief operating officer for Checkpoint, the company's EAS and CCTV systems have proven track records in controlling the two most pressing security concerns facing supermarkets. Internal theft ranked as the number one concern, named by 48 percent of the respondents. External theft, second, was named by 34 percent. "Our supermarket customers are seeing a bottom line impact on shoplifting losses after installing our radio frequency (RF) EAS systems with shrinkage reductions as high as 50 percent," said Dowd.
Oracle Corp. <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ORCL)") else Response.Write("(NASDAQ:ORCL)") end if %> is breaking speed records again. Today the company announced the fastest TPC-C benchmark results ever for a four-processor, department-level system at 6,056 tpmC and $223 per tpmC. These results are based on the 64-bit Oracle7 Server that is now shipping on Digital Equipment Corporation's new AlphaServer 4100 systems running Digital UNIX. Oracle also announced the availability of the Oracle7 Server on Digital AlphaServer systems running Windows NT.
In other IFG software news, Computer Associates' <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CA)") else Response.Write("(NYSE:CA)") end if %> President and Chief Operating Officer, Sanjay Kumar, will be delivering the Keynote address at Object World in Boston tomorrow. The subject of Kumar's address is why hybrid databases will fail in today's dynamic IT environment and why only true object-oriented technologies will succeed.
Mr. Kumar will explain that, with the explosion of multimedia applications and the Internet, object technology has become the only way to build complex, interactive and visually compelling applications that get attention on the World Wide Web. You wouldn't want to guess which camp Computer Associates' products fall into, would you? You're way ahead of me. Fool on!
Transmitted: 5/6/96 | ||||||||
INVESTING FOR GROWTH MODEL (5/6/96) | ||||||||
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