| Show : Insider Trading Monitor The Salt Lake Tribune Sunday September 2 1990 Gulf Crisis Beginning to Show Changes of Insiders i By Bob Gabe le boards of six companies in the past 10 years and this is his largest open market purchase during the entire period Additionally as he normally last year Since trading at the $1850 level last September they have gradually chopped their way down to a recent low of $1088 a level Putmam found attractive Zero designs and manufactures specialized metal enclosures for the electronics industry Hilton Hotels Corp — On Aug 7 vice president Horst Dziura bought 1000 shares at $3950 Although it is a purchase by only one insider we find it significant because it is the first time Dziura has gone to the open market to acquire additional shares In the past he has accumulated stock only through the exercise of options Hilton shares have moved lower since his purchase and are now trading in the $35 range And that is a long way down from the $110 range they were trading at in late 1989 We will be watching this issue closely to see if other insiders have made similar decisions to purchase this stock in August Citicorp — On Aug 2 director John M Deutch bought 5000 shares at $1925 raising his holdings a big 39 percent to 17694 shares Again even though this is a purchase by only one insider we believe the buy significant Deutch has been on the MI InvestNet After the events of the last few weeks the genie is certainly out of the bottle Many stocks that had been showing insider selling before the market break have now come way down in value That being the case significant insider buying which previously had been very difficult to spot is now beginning to appear Still it is too early for a complete picture of ' what insiders were up to following the Iraq Crisis as they are not required to submit their filings for August trades until Sept 10 Nevertheless we are seeing some early evidence of insider accumulation Here are some of the issues involved: Zero Corp — On Aug 17 director Roger L Putnam purchased 10000 shares at $1113 each This buy is interesting because of Putnam's good trading history in Zero Corporation's shares His last purchase preceded a 30 percent rise in stock price over the following six months Zero shares have had a rough time this sell-activi- ty Highest Money Market Yields nor &month John Hanson Svgs Beltsville MD Highest yields reported by federally-insure- d banks and thrifts as of Aug 29 based on stated rates and method d compounding tor lowest minimum deposit available Figures in parentheses are average annual effective yields offered by 100 large banks and thrifts in the top 10 markets Individud yields for CDs show both the annual effecand tive yield and the overage annual yield The annual effective yield is the return for the first year of the CD The average amual yield shows the average return per year over the lite of the CD assuming all interest fernainS on deposit MA Annual Effective Yield Nati Avg 606 Metropolitan Bank for Svgs Arlington VA 831 First Signature B&T Portsmouth NH 811 First Deg Nati Bk Tilton NH 804 & Trust MA Bank Boston 803 Capitol 803 Key Bank LISA Albany NY co Annualized Yield Nan Avg 773 Annualized yields are for 12 months and are based upon rate in effect at time account is opened 877 Heritage Svgs Bank Richmond VA John Hanson Svgs Beltsville MD 875 Maine Svgs Bank Portland ME 872 Heritage Svgs Bank Richmond Dartmouth Bank Hooksett NH he 871928 870 928 866 924 CillbankSD Sioux Falls SD Itustbank Svgt Springfield VA 860 916 CD Annual EffectiveAverage Annual Yields Nall Avgs 81J6917 Salm Nall Bank New York NY NVR Svgs Bank McLean VA Washington Svgs Bank Waldorf MD Eastern Svgs Bank Hunt Valley MD The Bank Mart Trumbull CT 8100100 CDs Rate 882 810 878 875 873 1051 1049 1016 1042 1039 Mass 01746 Source: 100 HIGHEST © CONSUMER Ii - - - Coo ' 4 - ye t'fIttietii''co-—-- - ' 0 ' 7 4' A 0 '11"1' it 4 4014 ' i '"'''' a r i t 11 '1171!-- -- i - ! -- 1 - e' :' - : :rr ''f 0-- t— -- lofitdo r iL44 4 :44444 s‘ ': i 1 -- TO'ri"14f"- ' 444444!-44441 !pitliy - "- 0r- I '- I ' r —14 Fi ilimmiliti 444046-414x- - - 7P1 -!- e tvrt:- - S'''!' I 10 t ! k L--- 1) 4111 - - oi : Sep 11 id !t Money Brokers Take control of your future be your own boss All No training and experience necessary materials provided This is not a franchise or distributorship Unlimited income A truly dynamic opportunity Call Ma Sharlyne Joyce at tt 1)1'4 VWSistallo tIllk"tti lila14f- OLPIN UNIONU OF U CAMPUS - 1 ' 41 '''' 4:t1- - t I I! r C1114' ' 1 1 Seminar I wish to register for: Other Solution Desired: Name: 7 iId I Company: Address: i- 'L'F'7-7-:- 1 J-:--- 1 In: 1 fiw I -' 1 et VOL 3 PICX LB Ale 4 En- President 8:35-9:4- "Wort Spetheassyse Reenerthe Research EIGH-TEC2- 5 Jan I Crispia-Lattl- scsszole ursamta OPEADIG MURK sarsor Rick Kendall President Chaireoun Chase R Petersata President University of Utah AMERICAS SURGZ TEE 19908 Msociate Deputy Assistant Research and of Den J Wattenberg Senior Fellow American Enterprise institute Washington DC Develorent gvEsnoNs QUESTIONS m PANEL SESSION ?AJIIL SESSION ECONOJEIC AND KARI OUNCES El THE ATV EUROPE AND ME FAR EAST PERSPIX71172 ON LVIERNATIONAL FUSION Chairman: James J Bienity Vice President for Research University of Utah Chairman fitudey S Parrish Executive Director Community and ECOIKOMiC Development State of Utah 7 E2t POTEIVITAL PAZTICIPANIS: FOR ?AUDIO RIM limattorma Jr Deputy dosistant Secretary for East Asia and the Jacthc US Departmmt it Commerce Research Center Bombay hicim Akita Takakaabl Osaka University Japan: ROM FREE G Win Director Rational Cold Fusion Institute USA Fritz MARKET MONOXIDE OF EASTERN EUROPE QUESTIONS Director Institute of Sandy Politic& Economy Utah State University Sokmanans Validated Parking East of Olpin Union gurnwitrs Registration Now Being Accepted by Phone CALL (801) Sponsored by Utah Engineering Experiment Station 104 Energy and Minerals Research Phone: Tide: go 7' 11k gamma Burden Giuliano Preparata University of Milan' Italy Idahationa Mainmast Bhabha Atomic 111 ME Jiruktl Manne Siegbahn Institut! of MITSTICENT AND TRADE EV EAST ASIA AiND TER Jot zutzgar 1:40-3:3- 0 10:00-11:1- 0 (801)328-682-6 MINIM emEna Mountain Wesk:' Venture Group A FERSFECTIIT ON TKZ FUTURE OF COAL AND ALTERNATE I'VELS Merv - 12:10-13- 0 S Find Snare Project Dbector Washington Institute for Values and Public Policy Wuhington DC DR Senior Research it QUESTIONS TEE PERSZAN GM OUSIS NEW INKIER ET EATROT AND TICE ENIIRONICENT road' - DETKISTET 7 Analyst BEM II Stan George ud Secretary tar - IL Tilly's Robes& Moder Utah Bureau of Economic and Business Research (BEHR) Minium Dee C Hammen Executive Director Department at Natural Resources State AND 0 1 PROF11124 TEZNOS AND CONCERNS IN UTAH'S SELECTED VIEWS ON TEE ECONOKIES OF IMAM AA'D TIES NATION aMin AMMO amm as ammomm m 7 a trationmark Souk Opine Synom MIX la a registered troAsunrk ATetT S1191290 reproorod treg000rk et isiormealesel Beeinees basins Corporeal's 01900 DM Corp 0 -- I Office Bldg Salt Lake City UT 84112 4 t Maims MOTE SESSION: oln 111111 11:10-22:0- Gordan Ir Jetsam Director Utah gineering Experiment Station i STATES QUO? 830-8:3- 5 To register for any of the seminars listed or to request a seminar that is not listed write to: IBM Customer Center 420 East South Temple 1st Fir Salt Lake City UT 84111 E H WELCOKE REMARKS Sep 11 For information on applications not lioted call ' IOGH-7ECIN UTAH: GROETA DECLINE OR 8:00-8:2-5 11 4' PANEL SESSION REGISTRATION AND BREAKFAST CONTIIIMSTAL At the IBM Customer Center 420 East South Temple 1st Fir Salt Lake City By reservation only Call (801)328-695- 2 (24 hrs7 days) i Utah's high-tec- h industr3r What Road Follows? A world view on fusion energy The Outlook for Coal Synthetic Fuels New Europe the Far East 1107152 tI'Vt) k I N'''Ivo-- 1 : allSTIE I? N 1 9:30-Noo- 1 ' ElEr7 TECHNOLOGY FRIDAY SEPTEEIBER 7 1990 8:00 ALL TEL 3:30 pm 8:30-11a- m '! it t t CONE'llEREIVCE ortil ERTERGY riurariG AND Iraqi dictator Saddam Hussein's motives Possible Persian Gulf crisis scenarios America's prospects in a global economy Trade opportunities in the individuals to become prestigious on 1 It'' 14 DI :164Wi 'it International Corp offering unlimited opportunity for individual or 1:30-4:30p- ' 1: i TIE F 31Cith ARIETUAL MAJOR TOPICS on t 1 I MONEY BROKERAGE LOAN BROKERAGE Medical OfficeClinic Management — Sep 27 PJCKTM and MX - Winning Combination — Sep 13 Process Manufactwing — Sep 21 Property Management — Sep 19 Truckload Motor Freight — Sep 11 Wholesale Equipment Distribution on IBM's UNIX n Platform — Sep 27 t i- - :4:ite s1 i '74"Nt fire-relate- Managing Govermtental Resources with Electronic Maps — 7' k A VA o sr-)t- Er1 Non-worki- SAN FRANCISCO — Apple Computer Inc has responded to criticism that its Macintosh computers are too expensive by planning to introduce three models in October including a version expected to sell for less than $1000 "A lot of people will be waiting to see how well these products hit the mark" Benny Lorenzo an analyst for Volpe Welty & Co in San Francisco said Tuesday "It's John Sculley at the highest level of management who has put a lot of his reputation on the line" The new computers will be the first to come out of the Cupertino Calif computer maker since Sculley chairman and chief executive officer took personal charge of new product development during a management shakeup in February Apple has not disclosed prices or details about the new machines but analysts expect the least expensive version the Macintosh Classic to be priced between 61300 and $1400 which would translate to a "street" price of less than $1000 after dealer discounts The Macintosh Classic based on Motorola Inc's 68000 microprocessor is expected to gradually replace the Macintosh Plus the Sep 18 A i — By The Associated Press One of modern technology's more common items the smoke detector is being ignored by many owners often to their peril smoke detectors cond tribute to as many as 6000 deaths and 130000 injuries each year according to Change Your Clock Change Your Battery a cooperative campaign sponsored by the International Association of Fire Chiefs the American Burn Association and Eveready Battery Company They hope that tying the ritual of time change on Oct 28 with the routine of changing batteries will increase the number of working smoke alarms and emergency flashlights least expensive and oldest machine in the Macintosh family Equally important is a new Mac: intosh with a detachable color monitor that is expected to sell for about $2500 compared with the more than $4000 for Apple's cur-- rent color models The third modMacintosh o el would be a high-en- d intended to compete with power:- ful low-en- d computer workstations from such companies as Sun fInc of Mountain: rMicrosystems View Calif The new color Macintosh is crit-- : ical for Apple to regain its momentum in the education market where IBM Corp and Tandy Corp have eaten into Apple's dominant market share analysts said The color machine dubbed the Macintosh LC is expected to have room for a chip board that would " allow it to run software written : for the Apple II which has been Apple's big seller in the classroom Market researchers Dataquest Inc estimate 65 percent to 70 percent of all personal computers installed in classrooms for kindergarten to 121h grade are Apple II machines "The Apple II after more than a decade is gradually coming to the end of its natural life" said Richard Shaffer editor of the' computer newsletter Technologic "(Apple) must begin to switch those customers to the By Brian Rooney UPI Business Writer m m 0 I - Smoke Detector Change Battery Construction - General & Subcontractors — Sep 12 llam-lpSep 26 llam-lpLaw Firm Management on IBM's UNIX ° Platform — illimmodmiskiiiliMinglialiarshlrillailmitilillill co Pock Corp Sep 12 7 PFrorillittrg no mow -- 'f'4"-r't Union 0 0 I 5 lomega Corp Coexistent Manufacturers - Discrete Repetitive and Process — Oct 3 Computer Aided Software Engineering — AS400Tm — v - int kside t Tracing is written by INVESTNEI of N iAioni IL a registered iwestmert acMsoL Insider Trading Al148banas Six Month Activity Surnmaiy Accum Dispose Company 13 19 Aberlson's Inc 3 2 Aluminum Co of America AT&T 2 3 Eastman Kodak Co 6 0 4 lb : COMMOn IBM Solution Seminars for your kind of business - fr41' - COMMort Waller Y Elisha direct! put:hosed 1000 shores of common at $34 pet lore Aug 17 and now directly hoick 7000 common Union Pacific Com Gay M Stuart vice president exercised ati 01 lion lor 600 shares ci common rot $5625 per shale My 31 and now direcity and indirectly hoick 643 - 414 T normal lomega Cora Olt D lito on vice president purchased 712 shores of common ot $450 per shore Aug 7 Brown indirectly purchased 345 shares of common at $450 1381 shore that same day and now direcity cmd indirectly holds 2017 common American Telepleme & Telegraph Co Robert E Alien chairrton disposed of by gift 251:0 share$ ot common ce on impaled price pet share May ia cmd now directly and indirectly holds 41317 Paperwork and repetitive tasks taking too much of your time? It doesn't have to be that way At an IBM Seminar you'll learn how the latest computer solutions can help you get more done in less time IBM and IBM Business Partners who know your industry will explain and demonstrate their solutions and answer your questions Seating is limited Call to reserve your place now : yrt: now directly holds 661 Maybe that's why you should f'f! Education zfroottat4014--17rif-nnfr---r- Warren E McCain chcrirmart disposed 01 by 3460 shares of common a on reimported price Pst shore Jury 16 and now directly art indirectly holds 674312 common IOSITIV011 Kodak Co Raymond It Dernoulin vice president sold 615 shares ot corm al 13988 Per shore Aug 22 and Apple Responds to Critiels14: With Less Expensive PCs Too busy to 67 L411 c 1 7: r :-- con -- zt Center SERVICES "C:TZ LA2L Abedson's Inc Russel C Bioko officer exercised an to 6466 shores 01 conerion at $703 per shore Aug 1 now and directly and indirectly holds 16382 common attend a Free IBM Seminar? Authorized EDUCATION -- r NNOVELL 1' r r11741atiol-tr- Aluminum Co Of knelled Ham M Goem vice president exercised an option tor 235 shares of common between $6856 and and now direcity holds $6950 per share July 30-3-1 IMMIME 0 ' 7 -t- t t 4!tot1 7:z-:‘ taxt6 C :Ort -- NOVEL& - 615 602 597 595 588 586 546 586 586 586 a'' 1 1 al 1 ::1!' 134 I t"' I P41 ‘aFi 16t ' 814 814 Palm Beach Ha N YIELDS L 7 C‘7 tie FINANCIAL NEWS SERVICE INC a iS Lws 863 856 826 826 826 818 818 —Source: DONOGHUE'S MONEYLETTER Holliston Mass 017461400-343-541- r''''' Ir Amor 776 t 850 850 845 John Hanson Svgs Beltsville MD Dartmouth Bank Hooksett NH Heritage Svgs Bank Richmond VA 843 826 814 809 807 802 802 800 797 796 Yield column represents compounded effective rate of return to shareholders tor the post seven days Past returns are not necessarily indicative d future yields Investment quality and rnalurily may van among funds k — manager absoltoing a portion of fund expenses h — fund requires minimum — reported Mika Investment of $50000 or more yield Includes any capital gains realized during the seven days ended Aug 28 1990 Reprinted in condensed form with permission from IBCDonoghue's MONEY FUND REPORT of Holliston 830 825 825 Dartmouth Bank Hooksett NH Fire America Fed Svgs Bank Longmont CO Heritage Digs Bank Richmond VA 759 If 794412 141W y General Purpose Money Funds Dreyfus Worldwide Dollar MMF k 2 Alger Money Market Portfolio k 3 INVESCO treasurers MM Res h 4 Hdelity Spartan Mk k 5 Vista Premier Global MM k h 6 Evergreen MM Trust k 7 Vanguard MMR Prime a MMF k 8 9 Salem Money Market Portfolio k 10 UST Master Money Fund Tax Fres Money Funds Average 1 Dreylus MI Municipal MMF k 2 USAA Mt& MMF k 3 Evergreen 4 Templeton Money Fund k 5 Strong Municipal MMF 6 Calved F Reserves MM 7 Calvert Reserve CA Port k 8 General CA Municipal MMF k 9 Spartan NJ Municipal MMP k E ID INVESCO Treasurers Res h 883 Heritage Svgs Bank Richmond VA Maine Svgs Bank Portland ME 878 878 Imperial Fed Svgs San Diego CA Columbia S&L Irvine CA 876 John Hanson Svgs BeitsvIlle MD 875 The yield column is the annual effecfive first year return on the CD The d yield -tcolumn shows the overage annual yield That is calculated by dividing the total interest earned over the De of the CD by the number of years of the CD The result is expressed in percentage terms 21-Yeco Annual EffectiveAverage Annual Yields Nell Avgs Maine Svgs Bank Portland ME 889 949 End- 1990 Money Funds Mirror Fidelity Spa dan US Gavt MMF k 2 Benham Gov Agency Itmd k 3 Dreyfus US Guar MM Acct LP k 4 Fidelity US Treasury Mt k 5 Transamerica US Govt Cash Res k 6 Kemper Money Market Gov' Part 7 Vanguard MMR Federal 8 UST Master Govt t 9 Woodward Govt Fund ID US T113060136 Cash Assets Tr k 717 Deptlall Bk Tilton NH Svgs Bank McLean VA Compound Yields tar Period 10 Highest Government-Onl- Columbia S&L Irvine CA 871 867 Imperial Fed Svgs San Diego CA CO Annual Effective Yield Nati Avg First 'NUM' MONEY FUNDS ed Aug 28 865 830 845 VA accumulates stock by exercising options this open market purchase is a departure from his normal trading pattern Citicorp shares have since dropped further now trading in the $18 to $19 range We are not only looking to see where insiders bought on the market break but we are also keeping an eye out to see where sales occurred This holds a particutype of lar significance to us because during a time when one would expect to find one finds insider bargain-huntin- g the exact opposite action occurring In observing this atypical action however we want to stress it is still too early to draw very many conclusions from it We will be seeing much more of the August data in the months ahead For now however here are some early indications of where insiders have been lightening up: Anthem Electronics Inc — Readers may recall we wrote about this issue a few weeks back as insiders of this company took advantage of the high prices offered in July During July six insiders got out of 101306 shares at prices between $3525 and $3638 Their sales occurred between July 13-1- 8 a small window by normal insider standards Their timing was right on the mark however as Anthem shares were hammered in subsequent weeks Still as the shares dropped in August the selling continued Officer Clarence Barham sold 8000 shares at $2450 on Aug 2 and is now out of stock Also selling out his entire position was officer Marcel R Rodrigue disposing of 4399 shares Aug 15 at $2775 He had purchased most of those shares in October of 1989 for $1488 each Bargain hunters should be aware that although Anthem shares have come down a long way (as of this writing they are trading at $2188) the fact insiders are continuing to sell at these levels is a signal for traders to exercise caution Federal Paper Board Inc — These shares which are currently trading in the $17 range are a long way from their peak of $2738 last January As they dropped through the $19 range after the invasion vice president James C Barnes sold over one half his stake getting out of 16500 shares Aug 9 at $1858 each He position is now down to 14850 shares As Barnes may have sold for personal reasons we are refraining in lighting a caution lamp just yet With the stock trading at the present low levels however should we find additional insider sales as the Augzst data streams in we will certainly recommend investor caution at that time 812 ccrnmon F5 581-634- 8 PLEASE REGISTER IttE FOR 0 Conference and luncheon ($3000) 0 Conference only ($2000) 0 Luncheon only ($1000) 0 Check enclosed (Registration for lunch required by ay Sept 5tb Sept ' 61 k s 500 pa-- — - |
