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Monday, November 04, 1996
The Daily IFG Report (FOOL GLOBAL WIRE) by Robert Sheard (MF DowMan) LEXINGTON, KY. (November 4): After slipping in recent weeks, Mirage Resorts sprang back to life today as CS First Boston began coverage of eleven gaming companies. Of the eleven ratings, Mirage Resorts was one of a pair to receive a strong buy designation. (The other was GTech Holdings Corp.) Mirage shares gained more than 2% on the news. IFG and Fool Portfolio holding 3Com today announced that its acquisition of OnStream Networks is complete and 3Com expects to record a one-time charge of $7 million against its second-quarter earnings as a result. The deal, which was announced in early October, was valued at $258 million for the provider of Asynchronous Transfer Mode ATM and broadband wide area network (WAN) and access products. The acquisition will be accounted for as a pooling of interests. Which brings us to another decision by 3Com today. Because of "uncertainties regarding the Securities and Exchange Commission's interpretation of Staff Accounting Bulletin No. 96," the board of 3Com voted to rescind the company's stock-repurchase program. It's possible under this Bulletin that companies which have announced buybacks won't have the flexibility to account for acquisitions using the pooling-of-interests method. Until the SEC's interpretation of the rule is clear, you'll undoubtedly see more companies cancel share buybacks if they're planning to make similar acquisitions. And finally today, Green Tree Financial filed a shelf registration with the SEC to sell up to $1 billion in asset-backed securities. A spokesman for the company said the securities will be used to accommodate recreation equipment and consumer loans. Net proceeds will be used to pay Green Tree's warehouse loans, and any additional proceeds will be added to the company's general funds and used for general corporate purposes, the filing said. If you're following the weekly updates to the IFG rankings, you'll notice a newcomer this week. Western Digital joined the group with its Timeliness upgrade and SCI Systems fell out of the rankings when Value Line dropped it from a 1 to a 2. Remember, this doesn't affect the model portfolio, which holds its stocks for a full quarter, regardless of how the rankings change in the meantime. We update the weekly rankings simply because some readers/investors may be on a different calendar rotation than the online model.	The Current IFG Stocks Nautica Enterprises <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:NAUT)") else Response.Write("(NASDAQ:NAUT)") end if %> Nike <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:NKE)") else Response.Write("(NYSE:NKE)") end if %> Green Tree Financial <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") end if %> Tellabs <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %> ADC Telecom <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ADCT)") else Response.Write("(NASDAQ:ADCT)") end if %> Three Com <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:COMS)") else Response.Write("(NASDAQ:COMS)") end if %> Western Digital <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:WDC)") else Response.Write("(NYSE:WDC)") end if %> Sun Microsystems <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:SUNW)") else Response.Write("(NYSE:SUNW)") end if %> Compaq Computer <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CPQ)") else Response.Write("(NYSE:CPQ)") end if %> Claire's Stores <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CLE)") else Response.Write("(NYSE:CLE)") end if %> Last Update: 11/04/96
Today's IFG Numbers INVESTING FOR GROWTH MODEL (11/4/96) Day Week Quarter Year History IFG 0.80% 0.80% -0.12% 11.05% 4417.86% DJIA 0.33% 0.33% 2.71% 18.07% 628.93% S&P 500 0.42% 0.42% 2.82% 14.74% 563.47% NASDAQ -0.11% -0.11% -0.52% 16.00% 724.54% Bought # Stock In At Now Change 7/8/95 3866 TLAB 48.00 83.50 73.96% 7/5/96 4562 COMS 44.38 67.88 52.96% 7/5/96 5077 SCIS 39.88 52.25 31.03% 10/4/96 6250 ADCT 32.00 36.00 12.50% 10/4/96 4001 KO 50.00 50.88 1.75% 10/4/96 6063 NAUT 33.00 33.25 0.76% 7/5/96 8756 MIR 23.13 23.00 -0.54% 10/4/96 4879 GNT 41.00 39.38 -3.96% 10/4/96 3218 NKE 62.13 54.88 -11.67% 10/4/96 9642 CLE 20.75 16.63 -19.88% Bought # Stock Cost Value Change 7/8/95 3866 TLAB $185,568.00 $322,811.00 $137,243.00 7/5/96 4562 COMS $202,438.75 $309,645.75 $107,207.00 7/5/96 5077 SCIS $202,445.38 $265,273.25 $62,827.88 10/4/96 6250 ADCT $200,000.00 $225,000.00 $25,000.00 10/4/96 4001 KO $200,050.00 $203,550.88 $3,500.88 10/4/96 6063 NAUT $200,079.00 $201,594.75 $1,515.75 7/5/96 8756 MIR $202,482.50 $201,388.00 $(1,094.50) 10/4/96 4879 GNT $200,039.00 $192,110.63 $(7,928.38) 10/4/96 3218 NKE $199,918.25 $176,587.75 $(23,330.50) 10/4/96 9642 CLE $200,071.50 $160,298.25 $(39,773.25) CASH $672.07 TOTAL $2,258,932.32 Transmitted: 11/4/96

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