European Stars and Stripes (Newspaper) - October 5, 1991, Darmstadt, Hesse                                Page 18 the stars and stripes saturday october 5, 1991 Money matters 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  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 Tock 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 Quot great expectations that As yet remain unfulfilled. A one thing came through loud and Clear it will be two or three 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 $357.00 an ounce Silver at $4.10. Oci. 3 oct. 4 British Pound. 1.7500 1.7510 German  1.6630 French franc .5.6515 5.6665 dutch guilder.1.8765 1.8770 belgian franc .34.2275 34.2500 italian lira. 1,243.05 1,243.00 Swiss franc.1.4540 1.4530 greek  165.35 turkish  4,719.00 saudi arabian  3.7502 Spanish  105.27 portuguese  143.00 Canadian  1.1318 austrian  11.7000 norwegian  6.5070 danish  6.4135 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rate concerns the Sale of British pounds to . Personnel for personal use. Through monday this will be $1.79 for a Pound based on a Price fixing Friday afternoon at military banking facilities. New York Exchange new York up York Stock Exchange Stock am express Rwjr Nab bldg Chrysler up Rwjr Nab of Conner or Phi Citicorp Telen de mex Teflon d esp Upjohn co Adu Mic Dev at amp to company nag Monk per Philip Morris ism corp Pepsico inc the 15 most com Salei 8.967.900 7,522,400 3.410.900 3,054,700 2.537.000 2,208,200 1.909.200 1.803.000 1.681.500 1,651.800 1.603.900 1.491.500 1.310.200 1.295.000 1.243.500 Active stocks in new on thursday. It 23 11 104 40v. 15vb 13 v. 37v 33 44v 04k 37 a 17 vib 72 99 28v. Net chg. Off 24k Oil 4k off1 up 24k Oil 24k Oil a up 4k up v. Off in. Off v. Off 4k up 4k off 4k off 2vk off 4k american Exchange new York american Stock Stock metro mob b Echo Bay in Bergen Brun Mallard coach Wang labs b Rhone i cart carnival cars be Mac corp Nabors kinds Mitchell Energy Pic the 10 most Active stocks in Anne composite trading thursday. My Lei my eng. 1,644,100 211 off a 417,600 b4 up a off 4 352,100 211 313,900 2v up 4 278,800 21 unch 268.100 2 5-16 unti 224.100 2544 off 221,200 161 off 1 v4 198,100 54 off a 195.800 194 off 4 Dow Jones new York Hupfl Dow Jom Csc Nung rang of wages thursday 30 industrials 20 transport 15 it idles 65 stocks 3021$ 121394 21457 1082 19 la 2972 50 1188 53 212.13 1064 05 2964.79 1198.43 213.19 1069.82 comm 06 2773 off 3.36 off 0 44 off 6.88 Mcdonnell Douglas is facing bankruptcy Dod auditors say Washington a Mcdonnell Douglas corp., the nations 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 Are 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 a Apache attack helicopter. All 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 Ducaa 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  Dingell 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 apr 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 a vice president for marketing displays the a open top computer. Rizzo said users should View the pen As stores next month is a for people who Are providing some of the functions of a time constrained on the go and  a mouse a the hand held computer Point several other pen based computers Are ing device popularized by the macintosh. On the Market but they Are aimed at re he said the Momenta which will carry placing the clipboards used by some Blue a list Price of $4,995 when it appears in 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. That 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 took Home honors As the Best Selling vehicle Overall. The Accord and the of series it were repeat winners from last year. Automakers were Happy to close the books on the 1991 Model year and have predicted that the 1992 Model year should be an improvement. A looking at the remainder of the 1991 Calendar year and toward the 1992 Model year we Are optimistic that consumer buying attitudes will strengthen resulting in a gradual sales recovery for the Industry a pm vice president j Ames b. Fitzpatrick said