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Tuesday May 7, 1996
The Daily IFG Report

(FOOL GLOBAL WIRE)
by Robert Sheard (MF DowMan)

LEXINGTON, Ky. (May 7): United HealthCare <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:UNH)") else Response.Write("(NYSE:UNH)") end if %> slumped 3% today after posting first-quarter earnings this morning. Revenues jumped 110% to $2.3 billion and operating earnings climbed 35% to $193.6 million for the quarter. With health plan enrollment growing and revenues and earnings records posted for the quarter, why was the stock gut-punched today?

That's right ... Wall Street expected more. United HealthCare posted earning per share of $0.62 and First Call estimates were for $0.64.

Chairman and CEO, William McGuire, gives the quarter his positive spin: "We are pleased with overall results in the first quarter, particularly against the backdrop of recent competitive market conditions which impacted premium yields. The company was again able to sustain outstanding growth along with excellent and sequentially improved earnings. Record revenues, membership gains, and growth in earnings from operations that exceeded 35 percent year-over-year are exceptional in this environment, and position us for continued superior performance."

Of course, the real reason the stock dropped is because McGuire used "impact" as a verb, but that's another story for another time. (Yeah, yeah, I know, Webster's lists impact as a verb now, but it's a conspiracy I tell you.) What? What do you mean this isn't my writing class? Oh ... sorry ... stocks, huh? ... Why not?

In other IFG stock news, NEC Corp. and Oracle Japan -- a unit of the US firm <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ORCL)") else Response.Write("(NASDAQ:ORCL)") end if %> -- agreed to strengthen cooperation in the areas of databases and systems integration. Under the agreement, NEC will adopt the concept of Oracle's data warehouse system, Oracle Warehouse, to develop its own products. NEC also obtained the right to market in Japan Oracle Applications, one of Oracle's comprehensive business package software products.

NEC will also expand the number of consultant and sales engineers in three years from the current 10 to roughly 200. NEC is anticipating sales from its Oracle-related business to climb to 50 billion yen in the next three years as a result.

Checkpoint Systems <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CKP)") else Response.Write("(NYSE:CKP)") end if %> sold off big today, losing over 9% despite the absence of any news since yesterday's announcement of a shelf registration filing with the SEC for 3.5 million shares to finance acquisitions. Over-reaction? Normal pull-back after a terrific recent run up? You make the call.

Transmitted: 5/7/96

The Current IFG Stocks

Quick & Reilly Group
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:BQR)") else Response.Write("(NYSE:BQR)") end if %>

Green Tree Financial
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") end if %>

Oracle
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ORCL)") else Response.Write("(NASDAQ:ORCL)") end if %>

Sterling Software
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:SSW)") else Response.Write("(NYSE:SSW)") end if %>

Checkpoint Systems
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CKP)") else Response.Write("(NYSE:CKP)") end if %>

Dionex
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:DNEX)") else Response.Write("(NASDAQ:DNEX)") end if %>

Medtronic
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MDT)") else Response.Write("(NYSE:MDT)") end if %>

RoTech Medical
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ROTC)") else Response.Write("(NASDAQ:ROTC)") end if %>

Bio-Rad Labs
(ASE:BIO/A)

Computer Associates
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CA)") else Response.Write("(NYSE:CA)") end if %>

Today's IFG Numbers
INVESTING FOR GROWTH MODEL (5/7/96)  



           Day    Week   Quarter  Year   History

IFG      -0.76%  -0.61%   0.94%   0.42%  3985.44%

DJIA     -0.79%  -1.04%  -2.97%   5.94%   554.04%

S&P 500  -0.40%  -0.53%  -1.12%   3.63%   499.19%

NASDAQ   -0.30%  -0.16%   7.38%  12.41%   699.00%





Rec'd    #  Security In At   Now    Change



1/5/96  3183  CA     56.13  70.50   25.61%

7/8/95  3866  TLAB   48.00  56.50   17.71%

1/5/96  6252  ORCL   28.58  33.50   17.20%

4/5/96  4536  BIO/A  45.38  49.50    9.09%

4/5/96  5312  ROTC   38.75  39.75    2.58%

4/5/96  5758  DNEX   35.75  36.50    2.10%

4/5/96  7695  CKP    26.75  26.38   -1.40%

4/5/96  5945  GNT    34.63  31.00  -10.47%

4/5/96  3293  UNH    62.50  54.38  -13.00%

4/5/96  3525  MDT    58.38  50.50  -13.49%



Rec'd    #  Security      Cost        Value       Change



1/5/96  3183  CA      $178,645.88  $224,401.50   $45,755.63  

7/8/95  3866  TLAB    $185,568.00  $218,429.00   $32,861.00  

1/5/96  6252  ORCL    $178,703.00  $209,442.00   $30,739.00  

4/5/96  4536  BIO/A   $205,821.00  $224,532.00   $18,711.00  

4/5/96  5312  ROTC    $205,840.00  $211,152.00    $5,312.00  

4/5/96  5758  DNEX    $205,848.50  $210,167.00    $4,318.50  

4/5/96  7695  CKP     $205,841.25  $202,955.63   $(2,885.63) 

4/5/96  5945  GNT     $205,845.63  $184,295.00  $(21,550.63) 

4/5/96  3293  UNH     $205,812.50  $179,056.88  $(26,755.63) 

4/5/96  3525  MDT     $205,771.88  $178,012.50  $(27,759.38) 



      CASH           $274.44       

      TOTAL    $2,042,717.94         







Transmitted: 5/7/96

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