European Stars and Stripes (Newspaper) - August 26, 1994, Darmstadt, Hesse                                Friday August 26, 1994 Money matters the stars and stripes Page 15 i 1 today s rates following Are fixed rate which Community banking. And credit Union facilities will sell for eign currencies to . Personnel for personal use British Pound 1.59 dutch Guilder 1.69 German Mark 1.51 note the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rate that fluctuate and should be regarded As the approximate value of the , Dollar to foreign Curren cies austrian Schilling 10.889 Bahrain Dinar 0.377 belgian franc 31.92 British Pound 1.5495 Canadian Dollar 1.374 danish Krone 6.1397 dutch Guilder 1.7397 French franc 5.3031 German Mark 1.5476 greek drachma 235.05 italian lira 1,573.75 Kuwait Dinar 0.2972 norwegian Krone 6,80 portuguese escudo. 158.29 saudi rial 3.7503 Spanish peseta 129.01 Swiss franc. 1.3057 turkish lira 33,250.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $383.40 an ounce Silver quote $5.26 an ounce sources merchants National Bank & Trust co. And the associated press new York Exchange h ism slashing prices on pcs at _ _ a new York a sales Trie 15 most Active new York nationally wednesday  team exams. Sally Mac Lac Ming Rwjr Nab Compaq s Walmart Esghel for motor Sim   at to corp 4 . Price and net change of Stock Exchange issues trading volume 6,093.800 5,677,200 5,0586qo 3,943,300 3 777,6003,743,900 3,420,300 3,055,200 2,777.700 2,653,8002,581,500 2,525,6002,374,100 2,238,500 2,237,1.00 list cig. 26h -1v4 66h 10vs 4 it 6vi unch36v4 h 24h it 13 it 30h 1 67v4 h 23v 1 57 h 50 a 2v4 21h h s4m 1 american Exchange new York a sales closing Price and net Changsoo the 10 most Active american Stock Exchange issues trading nationally wednesday name volume Uit  Ltd 2,671,700 11/16 unch Viacom we -1.810.300 33/18-7/16 Watcomb 1 57,m22cheysns a 5s2 Viacom it. 94oooroyaloakg 925,600 arcing 873,200echobay j3,000 Hasbro 630,600weathfrd 606.700 34v v11% a 4h a 4v v2v4-1/16 11v it 31v4 1 12v4 -1h Dow Jones new York a Dow Jones closing Range of aver Ages on wednesday High Low Clou Chann .5630 industrials 20 transport swies 3852.5 3767.41 3846.73 up 70.90 1 608.88 1 584.27 1 601 .52 up 1 5.1 8189.16 186.26 188.24 upo.53 1326.43 1301.21 132253 up 17.85 sold to business customers new York a ism says it will Cut prices 10 percent to 27 percent on personal computers sold to business customers a move that appeared to be the equivalent of a year end clearance to make Way for new car models ism however did not change pricing on desktop pcs sold through stores to Consumers. In my Cut announced wednesday came nine Days after Compaq computer corp. Dropped prices on similar business models 7 percent to 22 percent. Compaq led the Industry in sales through the first six months of the year. While some news accounts have portrayed the actions As signs of a Price War they so far Are typical of Cost cuts that occur in the weeks ahead of new product introductions. Both ism and Compaq plan to introduce new pcs for business this fall. In addition while both companies touted cuts in excess of 20 percent Only a few of the oldest models received such a deep discount. There s certain elements to a War that Are not embodied by what s happening in the Market right now said Richard Zwetchkenbau pc analyst at International data corp in Framingham   certain degree of uncertainty and blood that is  instead another analyst said ism and Compaq Are trying to manage the transition from old product lines to new ones. They re taking pricing actions on product that is either going to be re placed or product that is not moving in the volumes that they hoped it would be said Randy Giusto at Bis strategic decisions in Norwell mass. Ism s deepest Cut was made to an advanced computer known As a server that ships data around networks of other pcs. Its server 95 with a 486dx2 microprocessor running at 66 Mhz and 3,000 megabytes of storage capacity was Cut 27 per cent from $13,090 to $9,500. The cuts were made to 104 of ism s More than 400 pc models chiefly in its ps-2 and value Point desktop models for business., ism also Cut the Price of its thin pad slots a subnotebook computer with a color screen by 25 percent from $2,399 to $1,799. Trade journals have reported the company plans to Roll out a new sub  a full sized keyboard. Since the Early 1980s, ism has led the Industry in annual pc sales. It slipped be Hind Compaq and Apple computer inc. During the first half of this year but analysts expect a recovery in the fourth Quarter traditionally ism s strongest period. Executive who put Roar in Disney movies quits Dow Jones average jumps 70.90 Points new York a the . Stock Market snapped investors awake with a surge that sent the Dow Jones average to its highest level in nearly six  closely followed Index of 30 Blue Chip stocks Rose 70.90 Points wednesday to 3,846.73. That s its highest closing level since March 23 and its biggest one Day gain since april 5.the Dow Jones average has gained nearly 100 Points since monday. Now it is within striking distance of the uncharted 4,000 threshold it flirted with before Ris ing interest rates derailed a prolonged Wall Street rally Early this year. Burbank Calif. A Jeffre Katzenberg whose creativity and relent less concern for the Bottom line helped make Walt Disney studios into the Money machine that created Aladdin and the lion King is moving on. The announcement wednesday took senior Disney executives and most of Hollywood by Surprise although friends said Katzenberg Long had contemplated the  really made the decision a year ago when he exercised an option not to extend his contract said the record Industry s David Geffen one of Katzen Berg s closest friends. He wants to move on and run his own  it was unclear where Katzenberg was headed after 10 years with Disney. I Haven t talked to anybody and the Only plan i be made is to take my family to Disney world next week Katzenberg 43, said in a Telephone interview. Katzenberg s resignation leaves Disney without two of its most prominent an gifted executives. In april Frank Wells president of Parent Walt Disney co., died in a helicopter Accident. In addition Disney chairman Michael Eisner underwent heart surgery last month. Joe Roth will take Over some of Katzen Berg s duties in september when he be comes chairman of Walt Disney motion pictures. Roth the former chairman of 20th Century Fox most recently was an in dependent Disney producer at caravan  Frank Katzenberg s top Lieuten ant at Disney studios will be promoted to chairman of the newly created Walt Disney television and telecommunications unit and will supervise to production. Katzenberg was considered Disney creative head. He was responsible More Jeffrey Katzenberg. Leaving Disney studios than anyone else for the animated musicals that have become the most Profita ble franchise in show  shepherded such smashes As the Little Mermaid Beauty and the beast Aladdin and the lion King which has sold More than $200 million Worth of tickets at the Domestic Box office. But his Job Security at Disney had Benin doubt and was the subject of insider speculation for some time Wells death created a Power vacuum at the Topi and friends said Katzenberg promised to leave the company if Eisner rejected him for Wells Job Eisner did. Pizza hut logging on to internet for orders Santa Cruz Calif. A for hungry hackers who can t tear themselves away from their key boards pizza hut has the solution order your pizza via the internet. The Chain is test marketing the system in Santa Cruz where a Large population of pizza eaters and internet users is concentrated at the University of California a Santa Cruz. The 90-Day trial began monday. Customers can order a pizza blogging on to pizza net in the world wide web. The order i transmitted to the company s Wichita kan., Headquarters for confirmation then sent Back to the Santa Cruz outlet a lot of our customers Are on the internet pizza hut vice presi Dent Rob Doughty said. If they get hungry in the Middle of the night we want to be there for  the trial is successful the Pep Sico. Inc unit plans to expand it toothed communities where the in ternet the web of computer net works that links users worldwide is popular. Pizza hut s system in t the Only delivery vehicle on the information superhighway. Domino s pizza i developing an interactive television ordering system. Pm expects Plant strike to slow production Anderson ind. A general motors corp. Notified 9,700 workers a three plants wednesday that production was Likely to be interrupted because of a strike at a parts manufacturing Plant. The strike by 3,500 United Auto work ers members at pm s Inland Fisher guide Plant began tuesday. The Plant provides bumpers and lighting systems for pm automobiles. Analysts and the Law have predicted the strike could cripple pm facilities nationwide if they Don t have sufficient sup plies stockpiled. Pm said the strike had no effect on production wednesday but it would be forced to Cut Back production thursday at plants in Flint Mich. Fort Wayne ind. And Oshawa Ontario. We can confirm at this time that cer Tain employees of these Assembly plants have been notified that the strike Proba Bly will interrupt thursday s production schedule John Shea a spokesman for Inland Fisher in Warren Mich., said wednesday. Shea refused to say what the company would do if a protracted strike stopped operations at other pm plants. The Union has said the walkout involves subcontracting health and safety concerns. But neither Side would reveal specific issues being debated. Pm said negotiations continued wednesday afternoon. U a officials did not return Telephone Calls seeking comment