DRIP PORTFOLIO
Corning Expands Into Biotech Chips

Summary: Corning, a contender in Drip Port's new high-growth company study, is using its core technologies and production capacity to enter the competitive, emerging DNA biochip market. Corning enters a field led by biochip leader Affymetrix, but Corning's technology may enable it to produce biochips 10 to 20 times faster than they are commonly produced today. Meanwhile, Corning's telecom business continues to expand.

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By Vince Hanks
October 5, 2000

Today's show features Jim Smith of Smith.com (NASDAQ: SMTH). It's been a volatile first half of the year for Pumatech (Nasdaq: PUMA), a developer of software to serve the needs of today and tomorrow's mobile Internet. The company and its technologies exploded onto investors' radar screens last year and its stock become one of the year's bang-up performers in the process. It's been a volatile first half of the year for Pumatech to serve the needs of today and tomorrow's mobile Internet.

Drip Portfolio


10/5/00 as of ~5:30:00 PM EDT

Ticker Company Price
Change
Daily Price
% Change
Price
CPBCAMPBELL SOUP1.003.92%26.50
INTCINTEL CORP(1.00)(2.38%)41.00
JNJJOHNSON & JOHNSON2.753.04%93.06
MELMELLON FINANCIAL CORP0.310.65%48.38
PEPPEPSICO INC0.691.52%45.81

  Day Week Month Year
To Date
Since
7/28/1997
Annualized
Drip0.37%2.72%2.72%14.24%48.42%13.17%
S&P 5000.14%(0.02%)(0.02%)(2.24%)52.99%14.25%
S&P 500 (DA)0.13%(0.02%)(0.02%)(2.21%)55.62%14.86%
NASDAQ(1.45%)(5.47%)(5.47%)(14.68%)121.21%28.24%

Trade Date # Shares Ticker Cost/Share Price Total % Gain
9/8/9745.9786INTC22.8541.0079.81%
10/7/9837.3159MEL34.7748.3840.60%
11/14/9715.694JNJ79.6993.0618.06%
7/28/005PEP48.0045.81(4.56%)
4/13/988.403CPB53.9826.50(49.35%)

Trade Date # Shares Ticker Total Cost Current Value Total $ Gain
9/8/9745.9786INTC1,050.421,885.12838.30
10/7/9837.3159MEL1,297.431,805.16526.80
11/14/9715.694JNJ1,250.711,460.52225.88
7/28/005PEP240.00229.06(10.94)
4/13/988.403CPB453.61222.68(223.86)
 
Cash: 
Total: 
Unchg.
5,602.55
 


Key
• S&P 500 (DA) = dividend adjusted. Dividends have been added to the total return of the index.

Note
Drip Port launched with $500 on July 28, 1997, adds $100 to invest every month, and the goal is to own $150,000 in stock by August of the year 2017. Due to the slow nature of dollar-cost-averaging and our relatively significant starting costs, we do not expect to seriously challenge the S&P 500 for the first three to five years as we build an investment base. The long-term advantages of dollar-cost-averaging still overcome the short-term disadvantages, however. Final note: our investment in Campbell Soup is frozen due to fees instituted in its investment plan. Click here for a history of all Drip Port transactions.