Word: teche
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...ride looks as though it's over. Instead of coining money, companies that have come to market lately have discovered that the easy pickings are gone. An increasing number of new issues have fallen at the opening bell, and the market won't let them get up. With high-tech powerhouses such as Motorola and Hewlett-Packard reporting earnings problems, smaller companies of all sorts have had to delay long-planned sales. "This is no market for people with ulcers," says Steven Samblis, who heads an investment firm in Longwood, Florida...
...less than stellar performance since the S&P index of 500 stocks rose 78.5% over the same period. Warns William Benedetto, who heads the New York City investment banking firm Benedetto Gartland & Greene, which helps raise money for start-ups: "The individual investor should not be in the high-tech IPO market, period." If they want a piece of the action, he adds, they should buy IPO mutual funds...
...first place, hope to cash in as well. To that end, FutureNet is talking with cable and broadcast channels and several Fortune 20-size companies about financial backing and developmental partnerships. The Tofflers have also recruited as executive partners TV producer Al Burton (Charles in Charge) and the tech-savvy film producer and entrepreneur Jeff Apple (In the Line of Fire). The tone of FutureNet's offerings, Toffler says, will be "not just for the digerati and not heavy. After all," he laughs, "it's television...
After spending a night last week at the Century Plaza Hotel's "Cyber Suite" in Los Angeles, Bob Dole could conceivably be reconsidering his plans to move into the ordinary White House. Filled with every imaginable high-tech gadget and computer-controlled indulgence, this $2,000-a-night, 2,000-sq.-ft. hotel room, unveiled in June, is a temple to technological excess. Guests can draw a bath, close the drapes, dim the lights or crank up the stereo simply by speaking commands into the Cyber Suite's electronic "Butler in a Box." There's a fully wired wide-screen...
DANIEL COATS (R., Ind.) Heavy on tech stocks including America Online and Micron Technologies...