Boring Portfolio

Earnings ahead!
...resting up on a slow news day.
(FOOL GLOBAL WIRE)
by Greg Markus (TMF Boring)

ANN ARBOR, Mich. (July 8, 1998) -- Despite weakness in so-called Internet stocks, the Nasdaq roared ahead 1.43% to establish a new high Wednesday. The S&P 500 gained 1.01% to set its own new record.

The Boring Portfolio rose a more modest 0.67% -- not a new high by any means but enough to bring July's gains to date to +3.16% -- better than either of the benchmark indices.

Despite all the rockin' and rollin' in the market, there was not a lick of news today on any Borefolio holdings -- that is, if you discount (as I do) various stories comparing the market capitalization of online bookseller and Foolfolio holding Amazon.com (Nasdaq: AMZN) to those of its more senior competitors, Barnes & Noble (NYSE: BKS) and our own Borders Group (NYSE: BGP).

Borders shares quietly rose $1/2 to $38 5/8.

Tuesday's Boring recap included a summary of my conversation with the lead guy responsible for developing Borders.com, Borders senior vice president of e-commerce and fulfillment Rick Vanzura. If you missed it and have an interest in Borders or in e-commerce generally, I invite you to click back to it.

Another place worth clicking over to is Ben Heskett's story about the latest developments at Cisco Systems (Nasdaq: CSCO). Heskett writes for CNET's (Nasdaq: CNWK) News.com, and I've learned a good deal from his periodic updates on Cisco and the networking industry.

This week, Heskett covers a topic much on my mind and one that's been discussed a good deal in this column and in the Cisco section of The Motley Fool's community area on America Online (NYSE: AOL) and the Web -- namely, Cisco's entry into the world of voice communications.

Actually, as Heskett points out, folks at Cisco insist that it's less of case of Cisco entering a new market than it is one of the market coming to Cisco. They've got a point. After all, the world is transitioning from "legacy" circuit-switched telephony to The Kid's own turf of packet-switched communications.

With little else to report today, I hope to make the most of what's left of a fine summer evening... and rest up for when the deluge of quarterly earnings begins to wash over the Borefolio next week.

So far, I know that we've got Andrew Corp. (Nasdaq: ANDW) and Pentair (NYSE: PNR) reporting on Thursday, July 16. Carlisle Companies (NYSE: CSL) typically releases its second quarter results around then, as well -- although I have no firm date for their report as of yet. Atlas Air (NYSE: CGO) will probably be winging in right behind that group, and FelCor (NYSE: FCH), too.

Busy, busy.

FoolWatch -- It's what's going on at the Fool today.


07/08/98 Close

Stock  Change    Bid 
 ANDW    ---    18.06 
 CGO   -  1/2   37.50 
 BGP   +  1/2   38.63 
 CSL   +1 1/8   45.69 
 CSCO  +1 1/2   94.19 
 FCH   +  1/4   32.25 
 PNR   -  1/2   42.50 
 TBY   -  5/16  8.75 
  
 
                   Day   Month    Year  History 
         BORING   +0.67%   3.16%   7.58%  35.36% 
         S&P:     +1.01%   2.87%  20.19%  87.63% 
         NASDAQ:  +1.43%   2.15%  23.24%  85.92% 
  
     Rec'd   #  Security     In At       Now    Change 
   2/28/96  400 Borders Gr    11.26     38.63   243.14% 
   6/26/96  150 Cisco Syst    35.93     94.19   162.12% 
   8/13/96  200 Carlisle C    26.32     45.69    73.55% 
    3/5/97  150 Atlas Air     23.06     37.50    62.63% 
   4/14/98  100 Pentair       43.74     42.50    -2.84% 
   5/20/98  400 TCBY Enter    10.05      8.75   -12.89% 
   11/6/97  200 FelCor Sui    37.59     32.25   -14.21% 
   1/21/98  200 Andrew Cor    26.09     18.06   -30.77% 
  
     Rec'd   #  Security     In At     Value    Change 
   2/28/96  400 Borders Gr  4502.49  15450.00 $10947.51 
   6/26/96  150 Cisco Syst  5389.99  14128.13  $8738.14 
   8/13/96  200 Carlisle C  5264.99   9137.50  $3872.51 
    3/5/97  150 Atlas Air   3458.74   5625.00  $2166.26 
   4/14/98  100 Pentair     4374.25   4250.00  -$124.25 
   5/20/98  400 TCBY Enter  4018.00   3500.00  -$518.00 
   11/6/97  200 FelCor Sui  7518.00   6450.00 -$1068.00 
   1/21/98  200 Andrew Cor  5218.00   3612.50 -$1605.50 
  
                              CASH   $5528.69 
                             TOTAL  $67681.82 
 

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