Unfazed Nasdaq hits a new high

Article Abstract:

Prices of technology stocks have increased, pushing the Nasdaq composite to its seventh-straight record level on Nov 8, 1999. Investors seemed to disregard Microsoft Corp's legal problems as its stock price fell by just 1 5/8 to $90 while share prices of its competitors rose even higher. Analysts attributed the resilience of the technology stocks to the significant changes caused by the Internet on industries and the fact that Microsoft's competitors will benefit from the ruling that the software giant is a monopoly.

Strategy & planning, Industrial Stocks, Nasdaq Stock Market Inc.

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UPS to go public after 92 years

Article Abstract:

United Parcel Service of America Inc (UPS) of Atlanta, GA, is getting ready to become public after 92 years as a private enterprise. The company, the world's biggest in the field of express delivery, submitted plans for an initial public offering on Jul 21, 1999. UPS, which intends to sell a 10% stake valued at an estimated $3 billion, plans to use the proceeds in a tender offer for shares held by some of its employee-owners.

Organizational history, Couriers and Messengers, Private Mail & Express Services, United Parcel Service of America Inc.

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