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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Apr 07, 1999

Page

15

Dow Drops 43.8 Points as Tech Shares Slip

The Dow Jones fell 43.8 points to close at 9,963.5 amid doubts over first quarter earnings. Nasdaq edged up to a record 2,563.16 before fading, while Sun Microsystems rose on Windows NT plans. Lucent surged 5 as analysts praised the telecom outlook. NYSE volume reached 791.35 million shares.

Sun Microsystems Microsoft Corp Yahoo Internet Company MCI WorldCom Nextel Communications Lucent Technologies New York Stock Exchange NYSE Conference Board

Stocks of area interest Quotations Courtesy Feris Baker Watts

Area market items and quotations are listed with brief notes on stock activity and values. Feris Baker Watts provides the quotation source and context for today’s regional market movements.

Feris Baker Watts

Axent expects loss from first quarter acquisitions

AMENT Technologies Inc Gaithersburg said its preliminary Q1 1999 results show revenue of 20 to 22 million dollars, just above 1998's 20.3 million, with an anticipated loss of 5 to 10 cents per share before non recurring acquisition charges for Internet Tools and PassGo. Complete results are due April 29.

Ament ‘Technologies — Inc. Gaithersburg Internet Tools PassGo

CarMax Opens New Site in Rockville Suburb

CarMax opens a new location at 15931 Frederick Head Rockville offering up to 350 used cars and trucks. Showroom hours are 10 a.m. to 9 p.m. Monday through Thursday and Friday 10 a.m. to 10 p.m. Saturday 9 a.m. to 10 p.m. Sunday noon to 7 p.m. Service hours are 7 a.m. to 7 p.m. Monday through Friday. Crown American Realty Trust, operator of the FSK Mall in Frederick, reports tenant sales up 5.5 percent in January and February and 66 percent in 1998 versus 1997.

CarMax Frederick Head Rockville Fnday Crown American Realty Trust Frederick Crown American

KusterNet Opens Web Design and Hosting in Frederick

Mike Kuster launched KusterNet in Frederick offering Web page design hosting and related services. A former University of Maryland 4-H staffer, he self taught HTML for 4-H pages and later partnered with Community Commons in 1998 to start his business serving Frederick County clients and beyond. For details call 301 788 2545 or email infor kusternet com.

Mike Kuster KusterNet Frederick Kuster University of Maryland Community Commons Frederick County Maryland Citizens Against Allegany Garrett Washington Wmcala Public Square Hagerstown

Wheat futures Mixed. corn and soybeans fall at CBOT

Wheat for July up to 2.89 while May corn drops to 2.16 per bushel. May oats fall to 1.05 and May soybeans edge down to 4.77. June live cattle advance to 65.30, May feeders dip to 73.97, June lean hogs rise to 54.90, and July pork bellies climb to 53.32 cents. Sandy Spring Bancorp approves repurchase of up to 480,000 shares through March 31, 2001.

Chicago Chicago Board of Trade Wmcaia Sandy Spring Bancorp Inc Olney

Solarex to become BP Solarex the worlds largest solar firm

BP Amoco will acquire the remaining 50 percent stake in Solarex for 45 million dollars, forming BP Solarex with annual revenues around 150 million and about 20 of the global solar market. The Frederick based company will keep headquarters there with Solarex CEO Harry Shimp and BP Amoco executive Steve Gates guiding leadership.

Solarex Frederick BP Amoco Iing BP Solarex Harry Shimp Steve Gates Sarah Howell Pal Alae John Browne United States Spain Australia India Amoco Enron Maryland Virginia BP Solar California Sunbury England

Banks with cheaper checking come from smaller lenders

Bank Rate Monitor finds that the 20 least costly checking accounts come from regional and community banks. The top price is 330.10 per year at Union Federal Savings, while Bay Financial Savings Bank in Tampa offers the best value at 26.70 annually for a 1500 monthly balance with typical 12 monthly transactions and one bounced check per year. The study, conducted in February, surveyed 348 institutions and 513 interest bearing plus 643 non interest bearing accounts.

U.S Bay Financial Savings Bank Tampa Fla Union Federal Savings Indianapolis Citibank NationsBank Bank of America First Union Bank Rate Monitor

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