Word: lynch
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...front of the B.U. net and was cleared in Corkery's direction. From about 35 yards out, Crockery lofted the ball back into the box where it carried and sneaked into the goal, just under the crossbar and just over the outstretched arms of stunned B.U. goalkeeper Meghan Lynch...
...debug. Globalstar is betting on a network of satellites that will act as simple repeaters with all call-setup and processing accomplished in its 60 ground stations. "If you look at the two companies, they're really taking quite different strategies," says Tom Watts, a satellite analyst for Merrill Lynch. "Iridium is taking a global approach. Globalstar is focusing on a few key countries." The total cost to build and launch Globalstar's system? A mere $2.6 billion, half of Iridium's cost. The consortium's Qualcomm-manufactured handsets are slated to cost less than $750, only a quarter...
Nevertheless, the disparity in price has simply grown too wide between big and small companies with comparable earnings per share and comparable prospects going forward. Last week the great Peter Lynch--who outperformed the S&P for the 13 years during which he made Fidelity's Magellan Fund America's largest--brought his common-sense wisdom to bear on the issue. He's adamant that the real value today is in the little stocks, and he's confident that some will grow to be big ones. You have to get the next Ciscos and Intels precisely when they...
...hear Lynch loud and clear, and have made a study of what value looks like: cyclical stocks trading at only 7.5 times their expected 1999 earnings; institutions like Staten Island Bank and Webster Financial of Connecticut selling near book value; broken initial public offerings (like Keebler, or Waddell and Reed Financial), which have exciting prospects a year...
...lucky timing, Fidelity Investments, the mutual-fund giant, last week rolled out a promotional and educational campaign starring Peter Lynch, its legendary fund manager. Lynch was troubled, he told TIME, that "in the first half of this year, the S&P 500 was up 15%, but [corporate] profits were down." He also expressed relief that the correction came now, rather than having the market drop to 7500 "after it's gone...