Reported by Star-Bulletin staff & wire
Monday, January 6, 1997
Reported by Star-Bulletin staff & wire
Monday, January 6, 1997
The electronic version of the Star-Bulletin ranked 20th in the top 50 favorite Internet news sources, rated by visitors to the American Journalism Review's AJR NewsLink home page. Online users give kudos to starbulletin.com
Just over 32,800 NewsLink users, many of whom took AJR up on its suggestion that they look at news sources they don't usually visit, voted on the top news sites. The Star-Bulletin ranked higher than a number of nationally known news sources, including MSNBC and the Chicago Tribune.
The top three among Internet users were CNN Interactive, the Washington Post and USA Today.
NEW YORK - Apple Computer Inc. stock dropped sharply today as investors reacted to the company's statement Friday that weak demand for its Performa line of personal computers will lead to an operating loss of $100 million to $150 million in its latest quarter. Investors sour on Apple after bad-sales report
The stock dropped $3.87 1/2 to close at $17.87 1/2 in Nasdaq trading.
Apple on Friday blamed a shortage of PowerBook laptop computers and slow sales of its Performa line - which is geared toward home users - for the expected shortfall in its first quarter, which ended last month. Consumer sales traditionally account for 40 percent of Apple's Christmas quarter.
Apple said revenue for the quarter ended Dec. 27 will be about 10 percent less than the $2.3 billion reported in the September quarter, when Apple surprised Wall Street with a profit of $25 million.
BOSTON - Fidelity Investments said over the weekend that two more mutual fund managers have decided to leave the company to take jobs at other firms. Two more Fidelity managers jump ship
Larry Greenberg, who managed about $22 billion of assets in four funds, including Fidelity Growth Company Fund and Fidelity Emerging Growth Company Fund, and Andrew Offit, who managed the $7 billion Fidelity VIP Equity Income Fund, have both left, a spokeswoman said Saturday.
David O'Leary, president of Fidelity watchers Alpha Equity Research, said the loss of Greenberg is an especially tough blow to Fidelity. "(Greenberg) is probably the largest manager of Nasdaq money in the United States," O'Leary said.
Over the past year, a large number of fund managers have either left Fidelity or been assigned to other non-managerial positions within Fidelity. O'Leary counts about 20 managers in all at the company managing about $185 billion in assets.