May 12, 1998 |
The phone is finally ringing for telecom mutual fund investors. After suffering through subpar returns in 1995 and 1996, telecom fund shareholders have reaped a bonanza over the last 12 months. The telecom fund sector has been the top domestic stock fund category so far this year, with a 22% average total return through Friday, according to fund tracker Morningstar Inc. That handily beat the 14.7% return on the blue-chip Standard & Poor's 500 index in the same period.
August 27, 1989 |
A few years after founding Washington-based Black Entertainment Television in 1980, owner Robert Johnson boasted that the nation's only black-owned cable network--then barely breaking even with B-movies and music videos--would be showing more costly dramatic series and soap operas "as early as 1986."
March 13, 2001 |
Among mutual funds, there's bad in this market decline and then there's worse--in some cases, much worse. With Monday's plunge, technology-focused stock funds saw their already-severe losses deepen, of course. For some, that meant that their 12-month declines pushed past the 50% mark. For others, the losses are far beyond the halfway mark and are nearing 90%. Not surprisingly, so-called pure-play Internet stock funds or those with heavy Internet exposure have been decimated.
March 11, 1990 |
They call it "filing for dollars." Savvy investors and communications lawyers have developed it into a nearly risk-free means of getting rich. Here's a simplified version of how it works: The Federal Communications Commission plans to award a new FM radio license. You apply for the license, along with a dozen or so others, even though you may have no intention of ever operating a station. But that doesn't matter. You hang on, through a hearing process that takes three to five years.