The pivotal departure of a value investor

Article Abstract:

Micheal F. Price is stepping down as chief executive of Mutual Series Fund Inc. Price is taking advantage of an option in his contract that allows him to depart on the second anniversary of the company's sale to the Franklin Templeton Group. Price said his departure was not prompted by the Mutual Series funds' recent underperformance. "The guys who I've brought into the business are champing at the bit to run it. I don't think it makes sense to sit there when over the last year or two, they are doing more and more," said Price. Price will remain as the chairman of Mutual Series Fund Inc., and Franklin Mutual Advisers.

Comment:

Micheal F. Price will step down as chief executive

Executive changes & profiles, Open-End Investment Funds, Company Personnel, Mutual Funds (Open End), Open end mutual funds, Article, Mutual Series Fund Inc.

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Feasting on a banquet of Internet offerings

Article Abstract:

Right now there is a huge trend for start-up businesses on-line to sell their stock to the public New on-line services will sell their stock as a transportation concern if they plan to sell airline tickets over the Internet. All of these companies hope to attract the investor's attention before the market becomes to saturated with on-line service industry stocks. Some investment banks have had to turn companies away who hope to gain a slice of the Internet pie. Many wait and expect the day to come when this Internet frenzy will end.

On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Organizational history, Forecasts and trends, Online services, Internet services, Industry trend, Statistics, Securities, Going public (Securities), Initial public offerings

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A slap on the cyberwrist

Article Abstract:

Datek Online Brokerage Services Corp. settled with the S.E.C., agreeing not to use funds held on account for customers to meet expenses. The company was fined $50,000. By comparison, the company will spend $50 million on advertising this year. The author hopes that the S.E.C. will be vigilent in protecting consumers and prosecuting offenders in the rapidly evolving world of Internet securities trading.

Securities Dealers, Investment Banking and Securities Dealing, Security brokers and dealers, Cases, Column, Securities industry, Electronic trading (Securities), Online securities trading, Breach of trust, Datek Online Brokerage Services L.L.C.

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