Boring Portfolio

Boring Portfolio Report
Friday, August 1, 1997
by Debora Tidwell (TMF Debit)


ALEXANDRIA, VA (August 1, 1997) -- It's Friday, it's probably payday for a fair number of Fools out there, and it's the beginning of a brand new month. A perfect day to see Tom Gardner, Fool ballcap in place, explaining to the folks at CNBC that not only do intelligent individual investors exist, but they have always existed (despite Wall Street's assertions to the contrary). We cheered here at Fool HQ and hope you did too if you were watching.

The other thing Tom discussed is the fact that individual investors should invest for the long haul, ideally 5-10 years or longer. With the S&P down 0.75% today, and the Borefolio down 1.32%, that seems like a great thing to remember.

In the news today, ORACLE CORP's (Nasdaq: ORCL) chairman and spokesmodel Larry Ellison told a French newspaper that he will join Apple Computer's board of directors and present a new management team led by Apple co-founder Steve Jobs. Steve Jobs and Larry Ellison together at Macworld in Boston... that ought to keep the press busy.

Steve Jobs, in the meantime and as reported in the San Francisco Chronicle, was busy telling the folks at Pixar (where he really is CEO) that he declined offers to be CEO or chairman of Apple. So, we will all just have to stay tuned for the real story.

Ellison wants Apple to focus on the low end of the PC market and and bring his "network computer" into being. Apple is working to exit or limit its direct presence in the low-end market by licensing the MacOS to third-party vendors and is about to launch the first release of its new Rhapsody operating system. Rhapsody is taken from NeXT Computer (where Steve Jobs used to be CEO, until he sold the company to Apple) product NeXTStep and reportedly marries the ease-of-use of the MacOS and display Postscript with the open architecture of UNIX. This is becoming anything but boring, huh? TMF Boring might just return from Hawaii to find his Borefolio is now part of a major Silicon Valley power struggle. I guess we need to at least mention that Oracle stock closed the day up slightly, gaining $9/16 at $54 7/8.

OXFORD HEALTH PLANS (Nadsaq: OXHP) reports second quarter results and CISCO SYTEMS (Nasdaq: CSCO) reports fourth quarter and 1997 fiscal year-end results next Tuesday, August 5th. At the end of the following week, August 15th, BORDERS GROUP (NYSE: BGP) is scheduled to report their second quarter results. Current Q2 estimates for Oxford Health Plans are $0.44 per share. For Cisco Systems, analysts are looking for $0.55 per share for Q4 and $2.05 per share for FY 1997. Finally, analyst estimates for Borders Group are $(0.01) per share.

Until next week, take a cue from Greg Markus (TMF Boring) and do something Foolishly relaxing and enjoyable this weekend. Aloha, Greg!

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(c) Copyright 1997, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool.


TODAY'S NUMBERS
Stock  Change    Bid
ATLS  -  1/4   26.13
BGP   -  9/16  24.81
CSL   ---      41.50
CSCO  +  3/8   79.81
GNT   -1 1/2   45.63
ORCL  +  9/16  54.88
OXHP  - 15/16  83.13
PMSI  -1 1/16  10.19
TDW   +  1/2   51.00
                   Day   Month    Year  History
        BORING   -1.32%   8.98%  21.86%  40.23%
        S&P:     -0.75%   7.00%  27.86%  52.37%
        NASDAQ:  +0.03%  10.56%  23.49%  53.16%

    Rec'd   #  Security     In At       Now    Change
  2/28/96  400 Borders Gr    11.26     24.81   120.43%
  5/24/96  100 Oxford Hea    48.02     83.13    73.09%
  8/13/96  200 Carlisle C    26.32     41.50    57.65%
   2/2/96  200 Green Tree    30.39     45.63    50.14%
  6/26/96  100 Cisco Syst    53.90     79.81    48.08%
   3/5/97  150 Atlas Air     23.06     26.13    13.30%
 11/21/96  100 Oracle Cor    48.65     54.88    12.80%
 12/23/96  100 Tidewater     46.52     51.00     9.62%
   3/8/96  400 Prime Medi    10.07     10.19     1.18%

    Rec'd   #  Security     In At     Value    Change
  2/28/96  400 Borders Gr  4502.49   9925.00  $5422.51
  5/24/96  100 Oxford Hea  4802.49   8312.50  $3510.01
   2/2/96  200 Green Tree  6077.49   9125.00  $3047.51
  8/13/96  200 Carlisle C  5264.99   8300.00  $3035.01
  6/26/96  100 Cisco Syst  5389.99   7981.25  $2591.26
 11/21/96  100 Oracle Cor  4864.99   5487.50   $622.51
   3/5/97  150 Atlas Air   3458.74   3918.75   $460.01
 12/23/96  100 Tidewater   4652.49   5100.00   $447.51
   3/8/96  400 Prime Medi  4027.49   4075.00    $47.51

                             CASH   $7890.00
                            TOTAL  $70115.00