Fool Portfolio Report
Monday, July 14, 1997
by David Gardner
(MotleyFool)
ALEXANDRIA, VA, (July 14, 1997) -- A great day for Foolishness Monday... just the way to kick off this week, or any other. The Fool Portfolio caught a high summer wave and rode that baby into the sand for a 2.64% rise. That put us well past Nasdaq, which had a fun ride before falling off the side of the wave, and the S&P 500, which didn't even manage to mount its surfboard. The Fool Surfboard was driven forward by strong third-quarter earnings from Innovex (72 cents vs. 25 cents in 3Q '96), and multi-buck rises to new highs for America Online, KLA-Tencor, and Lucent Technologies. Iomega's $1 1/8 jump didn't hurt either, and neither did Donald's drop below $11.
Very, very Foolish. In fact, all eleven of our stocks rose, and our short fell.
I want to begin today's report by pointing in a new feature, a Foolish column that's just debuted over at Slate. Slate, as many of you know, is the Internet's top site for original commentary on politics and society. It's the brainchild of Michael Kinsley, the trenchant, engaging, and humorous "personality" (knew you'd like that term, Michael) whose past credits include editor of The New Republic and co-host of CNN Crossfire. If you'd enjoy Kinsley's humorous reflection on what a "strategic alliance" with The Fool entails, click here. And if you have a moment, take the time to read our debut piece, "You Name It" (penned by long-time Fool Jim Surowiecki) on the subject of corporate naming and renaming.
INNOVEX (Nasdaq:INVX) reported strong numbers today. We have a full Foolwire on the topic, so I won't spend much space reflecting on this here. As we've already known (since the company is among America's best at communicating to shareholders), INVX is expecting a flat fourth quarter, which it reiterated in today's report. It also stated, "Based upon industry projections for fiscal 1998 and long-term forecasts that Innovex is now receiving from its larger customers, the Company expects to see significant sequential growth in its next fiscal year." The stock rose two bucks.
Innovex has managed to overcome some bad reports and forecasts from some of its industry brethren, most noticeably those of Seagate (NYSE:SEG). We'll be watching tomorrow to see what Intel says when it releases its second-quarter earnings after the market closes tomorrow. If you follow Intel or own it, you'll enjoy our new Dueling Fools feature about the company. It's just out, so "Let's Get Ready to Ruuummmble!"
Has LUCENT TECHNOLOGIES (NYSE:LU) been a great stock or what. The former Bell Labs and the world's premier communications technology outfit is now up 70% for us since its October spin-off from AT&T. Up another $2 9/16 to $81 1/8, Lucent has now made more money for us ($1407.37) than AT&T has lost (-$538.24). Now that's a spinoff!
Apple rose $7/16 today, closing at its daily high of $15 5/8. You may be wondering why the heck I'm mentioning this, given that we've never held any shares of the Big Fruit. I'm mentioning this because over the past several days, Fooldom has witnessed a new phenomenon of unprecedented scale. Last Thursday we asked you, our fellow Fools, how you would save Apple, following the resignation of CEO Amelio. In less than five hours, you'd already responded with 800 thoughtful posts, and more than a thousand by the weekend. And they were brilliant posts... an amazing collection of thought and insight from a Foolish collection of people, everything from Silicon Valley technophiles to long-time Apple computer owners to former employees. What we were reminded of once again, as the guys who've started this thing, is that YOU are all a heck of a lot smarter than we are!
We turned the result into a feature, "A Fool as Apple CEO?" which includes the ten best posts we received. Even if you're not interested in Apple, click in just to read how Foolish and insightful those who spend time with us online really are. Also, if you're interested, there's a Foolish press release about it that you may enjoy reading.
We launched this entire feature as a tribute to our readers and online participants... the information that we all provide each other and create together is like nothing the world has ever seen before.
2.64% tomorrow? I'll take it! Fool on.
--- David Gardner, July 14, 1997
Fool Message Boards -- What
are Fools saying?
Boring Portfolio
-- A diversified portfolio: not boring.
Fool Four -- 23% annually,
historically.
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to trot? Or set to stumble?
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in this butchered stock?
Fribble -- A fun, quick
story from readers.
Stock Change Bid ---------------- AOL +2 1/2 73.75 T + 3/16 35.44 ATCT + 1/16 4.75 CHV + 1/16 75.81 DJT - 5/16 10.94 GM + 3/16 55.25 INVX +2 30.38 IOM +1 1/8 21.75 KLAC +2 1/2 58.75 LU +2 9/16 81.13 MMM + 3/16 103.50 COMS +1 1/2 55.38Day Month Year History FOOL +2.64% 9.34% 15.31% 207.75% S&P: +0.19% 3.75% 23.98% 100.34% NASDAQ: +1.41% 5.67% 18.04% 111.60% Rec'd # Security In At Now Change 8/5/94 355 AmOnline 7.27 73.75 914.44% 5/17/95 980 Iomega Cor 2.52 21.75 763.10% 10/1/96 42 LucentTech 47.62 81.13 70.37% 8/12/96 110 Minn M&M 65.68 103.50 57.59% 8/11/95 125 Chevron 50.28 75.81 50.77% 8/24/95 130 KLA Tencor 44.71 58.75 31.40% 8/13/96 250 3Com Corp. 46.86 55.38 18.17% 6/26/97 325 Innovex 27.71 30.38 9.62% 8/12/96 280 Gen'l Moto 51.97 55.25 6.30% 8/12/96 130 AT&T 39.58 35.44 -10.46% 4/30/97 -1170 *Trump* 8.47 10.94 -29.15% 10/22/96 600 ATC Comm. 22.94 4.75 -79.29% Rec'd # Security In At Value Change 8/5/94 355 AmOnline 2581.87 26181.25 $23599.38 5/17/95 980 Iomega Cor 2594.53 21315.00 $18720.47 8/12/96 110 Minn M&M 7224.44 11385.00 $4160.56 8/11/95 125 Chevron 6285.61 9476.56 $3190.95 8/13/96 250 3Com Corp. 11714.99 13843.75 $2128.76 8/24/95 130 KLA Tencor 5812.49 7637.50 $1825.01 10/1/96 42 LucentTech 1999.88 3407.25 $1407.37 8/12/96 280 Gen'l Moto 14552.49 15470.00 $917.51 6/26/97 325 Innovex 9005.62 9871.88 $866.25 8/12/96 130 AT&T 5145.11 4606.88 -$538.24 4/30/97 -1170*Trump* -9908.50 -12796.88 -$2888.38 10/22/96 600 ATC Comm. 13761.50 2850.00-$10911.50 CASH $40625.59 TOTAL $153873.78
