European Stars and Stripes (Newspaper) - October 5, 1991, Darmstadt, Hesse                                Page 18 b the stars and stripes saturday october 5, 1991money matters a y. The Stock of both International business machines corp. And Apple computer inc. Tumbled thursday one Day after officials from the two computer giants announced an Alliance. In my a Stock traded on the new York Stock Exchange plunged $1,375 a share to $99,750, in late trading on the new York Stock Exchange. Volume was heavy at 1 million shares near the close. Apples Stock traded on the Over the counter Market fell $1.50 a share to $48.25, on 1.4 million shares traded near the close. Marc g. Schulman a vice president at us securities inc., said the Stock plunge May have been the result of Early a great expectations that As yet remain unfulfilled. A one thing came through loud and Clear it will be two or three years before ism receives any benefits Quot Schulman said. A dapple will receive benefits sooner by the macintosh going into the ism  conversion rates London up fridays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $356 25 an ounce Silver Al �4 15 oct 3 oct 4 British Pound.1.7500 17400 German  1.6800 French Iran .5 6515 5 6800 dutch guilder.1.8765 1 8770 belgian Iran .34.2275 34.3425 italian lira .1,243.05 1,244.25 Swiss franc. 1.4540 1 4655 greek  185.35 turkish  4.71900 saudi arabian  3.7502 Spanish peseta. A 105 27 portuguese escudo. A 143 00 Canadian Dollar a 11318 austrian  11 7000 norwegian  6 5070 danish  6.4135 these Are commercial rates and can he related Only to the use of foreign currency by . Forces for official business. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.62 through monday based on fridays noontime Price fixing. New York Exchange new York up York Slock Exchange the 15 most Active stocks in new composite trading on thursday Stock Sites lilt net chg. Am express 8.967.900 23 off 2% Rwjr Nab bldg 7.522.400 11 of vhf Chrysler up 3,410.900 10% 0 1 % Rwjr Nab of 3.054,700 40% up 2% Conner or Perl 2,537,000 15% off 2 is Citicorp 2.288.200 13% off % Telesin do mex 1.909.200 37 % up is Telton a esp 1,803.000 33 up % Upjohn co 1.681.500 44% Oil 1 % adv Mic Dev 1.651,800 m Oil % at amp to company 1.603.900 37% Oft is nag Monk per 1.491,500 17% up a Philip Morns 1.310,200 72 Oil % ism corp 1,295.000 99 off 2% Pepsico inc 1.243,500 28% off % Ameri can sex Cha nge new York american Stock Slock metro mob b Echo Bay in Bergen Brun Mallard coach Wang labs b Rhone i cart carnival cars be Mac corp Nabors kinds Mitchell Energy a a the 10 most Active stocks in nge composite trading thursday ladies Lett nil chg. 1.644,100 21% of % 417.600 8% up a it 362.100 21% of % 313.900 2% up % 276,800 2% unch 268.100 2 5-16 unch 224,100 25% off Quot a 221.200 16% of 1 % 198.100 5% Oft % 196.600 19% off % Dow Jones new York up Dow Jones dosing my a d tvo rages thursday 30 industrials 20 transport 15 Uli films 65 stocks 302 121394 214 57 1082 19 Law 2972.50 1188 s3 212 13 1064 05 2984.79 1198.43 21319 1069 82 2sk ott3 36 Oil 0 44 of 6 88 Mcdonnell Douglas is facing bankruptcy Dod auditors say Washington a Mcdonnell Douglas corp., the nation s largest defense contractor is so financially strapped that it might have to cease operations the head of the Pentagon a contract auditing told Congress on thursday. A a we re concerned about the ability of the corporation to raise sufficient Cash to maintain ongoing operations As their debt increases a said William h. Reed director of the defense contract audit Agency which oversees All Pentagon contracts. A we believe that their ongoing operations arc threatened a Reed told the oversight and investigations subcommittee of the House Energy and Commerce committee. Mcdonnell Douglas based in St. Louis manufactures a variety of military weapons for the military including the air forces f-15 fighter the Navy a Tomahawk cruise missile and the army s Apache attack helicopter. Alt those weapons played important roles in the persian Gulf War. The company took Issue with the glum results of the investigation. A we believe that the do a a assessment of Mcdonnell Douglas Overall financial condition is flawed is based on old data and faulty financial modelling a said Mike Burch Public relations vice president of Mcdonnell Douglas in Washington. He said the report failed to take into account a the commercial aspects of our business and our ability to generate Large volumes of Cash with the delivery of each commercial  he said the company has just posted the Best first six months of operating earnings in its history the firms financial problems Center mainly on several High tech weapons systems it has under development such As the air forces c-17 transport plane and the Navy a a-12 stealth attack aircraft. The Pentagon cancelled the a-12 program last january. By some Pentagon estimates the c-17 project is running at least $1.4 billion Over budget a sum that Mcdonnell Douglas would have to absorb. The company disputes this projection saying it expects a Cost overrun of no More than $400 million. Rep. John Dingell d-mich., chairman of the oversight and investigations subcommittee asked Reed whether he believed the firms financial woes might Lead it to Stop paying its Bills Stop work on defense contracts or seek court Protection under the bankruptcy Law. A fall three of those Are certainly possibilities a Reed said in sworn testimony. Dingell noted that a Pentagon audit report on the defense firm by Reeds office last april raised doubts about the company a financial viability. Asked whether a follow up audit now in draft form showed any improvement Reed said a a it a fair to say that the situation has improved somewhat since the april report. However it has not improved to the extent that we Are Able in any Way to mitigate our concern about their Overall  ticked off a list of questions about the firms defense contract performance its accounting practices and financial condition. He said that although Mcdonnell Douglas blames its financial squeeze on the Pentagon a contracting rules his subcommittees investigation has shown that the problems Are rooted in a Plain old fashioned  firm to unveil pen top computer that recognizes Handwritten notes new York a a Start up company on monday will unveil what it Calls the first a open top computer combining the keyboard of a Laptop with the handwriting recognition capabilities of the new pen based models. Officials of Momenta corp. Said their Slick Black 7-Pound portable which comes with a carrying Case that resembles a briefcase should Appeal to a Mobile  the Momenta allows users to scribble notes on its screen in situations where typing would be inappropriate such As meetings said John Rizzo vice president of marketing for the Mountain View calif., company. Special software recognizes handwriting and gestures made on the screen with its attached pen. Its detachable keyboard allows More extensive entry of text or data he said. Despite its Promise Rizzo said the Momenta sales department will have to create a Market for the computer by educating potential customers. The Market for pen based computers is similar to that for Apple computer  macintosh when it was unveiled in 1984, Rizzo said in an interview this week. Many regarded the macintosh which features user Friendly screen graphics As a toy. He said Momenta has detected a similar reaction toward pen based computers. John Rizzo Momenta s vice president for marketing displays the a ape top Quot computer. Rizzo said users should View the pen As providing some of the functions of a a mouse a the hand held computer pointing device popularized by the macintosh. He said the Momenta which will carry a list Price of $4,995 when it appears in stores next month is a for people who Are time constrained on the go and  several other pen based computers Are on the Market but they Are aimed at replacing the clipboards used by some Blue Collar workers. Big three report dismal 91 Model sales Detroit a the nations big three automakers on thursday reported a 12.4 percent drop in sales for the 1991 Model year while sales of japanese cars were Down Only 5.9 percent. Sales for the Model year which ended sept. 30, came to 12.5 million new cars and Light trucks. Thai made it the worst year since 1983, when automakers sold about 11.7 million vehicles. General motors corp. Reported a 10.6 percent sales decline Ford 12.9 percent and Chrysler corp. 13.3 percent. The Honda Accord assembled in Japan and Marysville Ohio was the hottest car of the Model year by far Selling about 38 percent better than the second place Ford Taurus. The Ford of series truck look Home honors As the Best Selling vehicle Overall. The Accord and the of series were repeat winners from last year. Automakers were Happy to close 1 books on the 1991 Model year and a predicted that the 1992 Model y. Should be an improvement. A looking at the remainder of the v Calendar year and toward the 1992 to year we Are optimistic that constr buying attitudes will strengthen result in a gradual sales recovery for the ind try a pm vice president James b. F Patrick said