as_Castlégar News _ september 21,1908 BUSINESS IBM tops list By PETER COY Associated Press NEW YORK -. The United States doesn't have the world's biggest phone company any more. Or the biggest banks. Or even the biggest stock market But it still has the biggést computer company IBM towers over almost every facet of the information industry. IBM's $54 billion in revenue last year was more than triple that of its closest Japanese competitor, Fujitsu. But even Big Blue is adjusting to a new age of limits. Last week, for instance, nine smaller rivals ganged up to adopt a new data pathway for personal computers, rejecting the one IBM had hoped to establish as an industry standard In -its adjustment, IBM has. cut jobs still, however, clinging to its time-honored policy of not laying people off — while trimming expansion plans and trying to be less imperious with customers. “They're being hit from all sides by the Japanese as well as smaller American companies that are faster on their feet and don’t suffer the problem of bureaucracy,” says Bernard Slade, a former IBM man who now is a management consultant with United Research: Being big means IBM can afford $5.4 billion a year for research, development and engineering. It also means IBM is the only company that offers products in every segment, from personal computers to mainframes. That gives it an advantage in the coming era of systems integration. But size isn't everything. CHANGES 8YSTEM John Akers, the noe of IBM, has been trying to st the cing staff and moving more people into jobs that bl directly with customers. Akers, 53, also said he wants IBM people to take more risks — “which by its very nature suggests we are going to make more mistakes in the future than we have in the past. IBM's profit fell in 1985. and 1986 — its first back-to-back - earnings declines since the Great Depression, which analysts attributed to overstaffing and overbuilding in the early 1980s, IBM is determined not to let that happen again, says Mare Schulman of Salomon Brothers. Most observers agree IBM is nimbler than other big companies, and they praise its no-layoff tradition. “It's created a higher degree of esprit de corps, a better environment for people to work and a higher degree of professionalism because people have been wedded to the company,” says Slade, who spent 16 years at IBM. Being IBM means carrying a lot of baggage — product lines such as mainframes, which made IBM into a giant but will become less important. U.S. firm wants Doman VANCOUVER (CP) — A major American forest products company said Tuesday it wants.to take over Doman Industries of Duncan. Louisiana-Pacific of Portland, Ore., said it had acquired a 10.6-per-cent stake in the Vancouver Island-based forest company and that it intends to negotiate for all of, or a controlling interest in, Doman's shares. Louisiana-Pacifie said it had been -buying-Doman shares on the Toronto Stock Exchange and that it would consider purchasing more, depending on market conditions. Doman's Class A voting shares slipped '4 to $9'% on the Toronto exchange on Tuesday. Herb Doman, company president share! given him the goashead to start discussions with interested parties. Louisiana-Pacific, one of the top 10 forest products companies in the United States. SKATING STAR *% BARBIE x DOLL Beautiful Ice Princess Explore the world with Barbie and have fun matching the flags to the countries she visits. SKATING STAR * BARBIE x in Toyland . . th a glamorous tiora, removable skirt ond ice shates for @ star: PHARMASAVE PRICE . Now ot Phormasove Barbie comes wi ‘Canadian Press SEOUL — The Alberta Connection scored big in Olympic boxing. Light flyweight Seott Olson of Edmonton and light heavyweight Brent Kosolofski of Calgary did the wildrose province proud by winning their first Olympic bouts in convincing style. Kosolofski stopped Ahmad El-Masri of Lebanon at 1:57 of the third round. The fight was overwhelmingly Kosolofski’s, who seemed able to hit his opponent with ease. Despite being outpunched. El-Marsi didn't go down, but took standing eight-counts in the second and third. “He's a stocky little guy,” said Kosolofski. “You y & Barbie Large & Small Doll Coses | Vanity Sets Now in Stock can’t knock guys like that down.” NEW YORK (AP) — A sign of the times has arrived on the market: a newsletter dedicated to the thesis that the way to make money in stocks is to buy undervalued blue chip stocks and hold them The publishers of Blue Chip Values stress research to find basic values, using such mathematical evidence as price-earnings ratios, yields, price-to book-value variations and return on equity “Now more than ever,” they say, “good fundamental research is need ed to bring true values to the surface — not hocus.pocus and market timing trends.” What a contrast to a year ago. Back then, the stock market was a carnival, a blur of activity, with ex. citement kept at high level by thrilling performances, fantastic forecasts and big winners. Then the tent collapsed on the carnival and the esoteric theories. The Dow Jones industrial average plunged. Thus developed the setting for Gerald Perritt and Cheryl Pierce to offer their basic-value newsletter. SIMPLE PLAN Their proposal is simple: Buy ind common stocks whose value can be demonstrated. Choose value, Area pulp logs going to coast By CasNews Staff Westar Timber is logging Tree Farm Licence 23 for round wood pulp logs says the company’s area man ager for Nakusp woodlands opera tions. Jim LeLacheur told the Castlegar News Westar will log about one million cubic metres of wood this year from the tree farm to be used primarily for “dimension lumber at the Eagle River and Southern Wood Products sawmills.” However, LeLacheur said Westar is also shipping roundwood pulp logs to the coast UtiliCorp gets rate increase UtiliCorp United Inc. has received an order from the Missouri Public Service Commission allowing its Missouri Public Service division to increase natural gas rates by 12 9 per cent. The new rates became effective Sept. 15. The order is in response to an application UtiliCorp filed in January to increase rates by $6.1 million or 16.5 per cent. It was the division's first request for a general gas rate increase in five years “We are reasonably satisfied with the PSC’s action in this matter,” said William I. Owen, president of Mis. souri Public Service. “The commis sion recognized that operating costs have increased over the last five years and are allowing us to recover much of the substantial investment we have made to improve safety and generally upgrade the gas system.” then wait for the market to come to you. The approach eschews the day-to- day view. “If you need to know daily about your investments, then they're not investments,” says Perritt, whose background is as a professor of mathematics. Co-editor Pierce says small inves- tors who don’t take the long-term view “are drawn in only when the market is exciting; they're always in and out at the wrong time.” Perritt’s theories rely on the effi- ciency of the market — that is, that stocks selling above or below their real value eventually adjust. Says Pierce: “Too few people who buy stock even realize that they are buying a business. They don't think in such terms; they're gambling, playing the funny money games.” NEW TOYS ARRIVING DAILY ea! Including C Dinosaurs, Disney, Storybook, woos" The Classic C: Wooden “In the Heart of Downtown Castlegar” OPEN THIS SUNDAY FOGO BLASTER BALLS & CARS — Rodio, Remote Control and Battery Operated SUMMER TOY CLEARANCE Dorts Sno Cone Machines “We're going to be shipping 30,000 cubic metres from TFL 23 near Nakusp and Revelstoke,” he said. We hope it's going to get bigger.” Lumber giant MacMillan Bloedel is purchasing the logs for its coastal pulp mill operations. LeLacheur said the pulp logs are loaded on trains at Revelstoke and shipped to the coast. Most sawmills in the Kootenays have an excess of chips, so they are not accepting roundwood pulp at the moment. Westar is shipping round wood. to the coast where there is a demand for pulp logs. Even with ihe increase, Missouri Public Service base gas rates still will be at the approximate level they were in 1983 because of decreases in the cosi of gas purchased from sup. phers. Purchased gas costs are passed through directly to custom. ers The average monthly bill for most of Missi Public Service's 39,300 resid: gas customers wil] in. crease from $36.46 to $44.02, or 20.7 per cent, for 10,000 cubic feet of gas. Other firm industrial and commercial customers will experience similar in creases while large interruptible in dustrial and commercial customers will see a small decrease. Missouri Public Service distributes natural gas to customers in 26 com munities in 13 countries in western and north-central Missouri STAR GROCERY Now taking orders for 12:55pm daily (week-end service varies) vp ane v 9:00am =12:20 pm 3:05 pm AirCanada Connecting you to Air Canada We connect with Air Ganada throughout the west, across Canada and around the world, Offering the savings and convenience of one and January 5-31 Varying advance purchase stay and other conditions apply. Prices vary upon commence by January 31 California'Grapes and Grape Juice BOCCE BALLS... OLIVE OBL coro. 2 sires ANCHOVIES |... 1 364-1824 328 Rossland Ave. APPLE JUICE wittiom roti. 1 tire. by the cose. Per tin 99.00 8.95 * Prices applicable September 6-December 16, 1988 1989. Tickets are non-refundable time and day of travel. Seats are limited, Travel must 1989. For complete details, call your travel agent or AirBC The new spirit of the west. minimum and maximum AirBC flights. ticket through-fares and baggage handling and Aeroplan miles on all For reservations call your travel agent or AirBC at 1-800-663-0522. On the punch that ended the fight —a right to El-Marsi's forehead — Kosolofski hurt his hand. He was in pain at that moment, but said later he had only jammed some knuckles. After taking his gloves off, Kosolofski was flexing the hand and said he felt no pain. The injury won't be a factor in his next fight, Sunday against Andrea Magi of Italy. Earlier today, Olson used a wicked right hand and a little inspiration from coach Paul Hortie to win his fight. Olson — the smallest member of the Canadian boxing team — scored a first-round knockout over Washington Bania of Papua New Guinea. Bania never had a chance. Olson was on him from the opening bell and one minute into the round he lined up a roundhouse right-handed punch that started at Olson’s knees and ended abruptly on Bania’s nose. After the fight, Olson wasn't impressed with his own prowess. But he was thrilled that Hortie, his coach for six years, had made it to Seoul and had made it to his corner. A month ago, neither was likely. weight Lennox Lewis and middleweight Egerton Marcus, two of Canada's best medal chances, and the fighters threatened to stay home if their coach wasn't sent to the Olympics.) After being released from hospital, Hortie began to walk himself back into shape. First a block, then two and finally up to a mile. He improved so much that he got his mile walk down to 24 minutes “which is something that I couldn't do before I got sick.” Once off the official coaching staff, Hortie had to pay his own way to Seoul. The Cougar club started a fundraiser and Hortie was on his way after an anonymous man dropped by one day with $3,000. So, Hortie had his health and he had his ticket to Seoul. But how did he manage to work Olson's corner when he has no Olympic credentials? “Well, Imore or less just walked in there and pretended I could speak Korean,” Hortie said with an impish grin. SLIDING TACKLE . . . A Midway player puts a day in Castlegar. Stanley Humphries beat Midway sliding tackle on one of the Stanley Humphries 1-0. CosNews photo players during high school soccer action yester- Higson takes 7th SEOUL (CP) — Three world records fell in the Olympic pool and, sadly for the Canadian team, one belonged to Allison Higson. Silke Hoerner of East Germany, whose world mark in the 200-metre breaststroke Higson shattered at the Canadian trials in Montreal last May, snatched back the record at the Olymipe Games today while Higson finished seventh. Hoerner won in two minutes 26.71 seconds, easily beating the 15-year-old Brampton, Ont., high school student's record of 2:27.27. Xiaomin Huang of China was second and Antoaneta Frenkeva of Bulgaria won the bronze medal. Higson's time was 2:29.60. “It wasn't the race I was trying for,” said a red-eyed Higson, who needed an hour after the race to compose herself. “I think I realized it on the third lap. “My stroke just started falling apart.” The defeat indicated the Canadian team's optimism may also be falling apart. Higson was Canada's best hope for a swimming gold medal in Seoul and her loss came two days after another safe bet, Victor Davis of Pointe-Claire, Que., came fourth in the men’s 100-metre breaststroke. Tamas Darnyi of Hungary set a world record of 4:14.75 in the men’s 400-metre individual medley, confirming him as the successor to the retired Alex Baumann of Sudbury, Ont., whose records inthe 200. and 400-metre IM Darnyi broke last year in France. OTHER WINNERS David Wharton of the United States won the silver medal and Stefano Battistelli of Italy took the bronze. The American men's 4x200-metre freestyle relay team, anchored by Matt Biondi, also set a world record of 7:12.51, while the Canadian team of Gary Vandermeulen and Darren Ward of Calgary, Turlough O'Hare of Vancouver and Don Haddow of Toronto came eighth and last, but set a Canadian record of 7:24.91 Anthony Nesty became the first swimmer from Surinam ever to win an Olympic medal when he nipped Biondi to win the men’s 100-metre butterfly in an Olympic record time of 53.00 seconds. Biondi won silver in 53.01 and Briton Andy Jameson won the bronze medal. Tom Ponting of Calgary was seventh in 54.09. Biondi, looking for seven Olympic medals, already has three, with gold in the relay, silver in the butterfly and a bronze won Monday in the 200-metre freestyle. Higson's hopes now rest in the 100-metre breast. stroke Friday and the 200-metre IM Saturday. Higson shot out at the start with leader Tania Dangalakova of Bulgaria and hit the turn at 100 metres near world-record time. But Higson then faltered and the muscular Hoerner swept past to claim the gold. CONFIDENT SWIMMER “I knew I could swim a world record,” said Hoerner. “I thought two or three others could swim a world record too, though. “I was really surprised with Allison. I thought she would do better.” Higson admitted she was nervous at her first Olympics, but said the pressure to lead the team to a medal was not a factor. “I could block that out,” she said. Higson's coach, Paul Bergen, who is retiring from swimming after the Olympics to train horses, blamed himself for his swimmer's defeat. “I think the biggest single reason is that I didn't swim the kids in training right,” said the soft-spoken Bergen, who appeared to be trying to take pressure off his star swimmer by criticizing himself. He said his swimmers from the Etobicoke Swim Club in Toronto, including Higson, should have been working hard on cardio-vascular fitness in July when he took the team to California for two meets. Higson vowed a better showing in the 100 metres. “It makes me want to go out and beat her (Hoerner) even more,” said Higson Arbol Liaison Air Canada Connector / 6.49 -69 Trait 1217-3rd Street, Ca EST’S TRAVEL AGENCY HENNE TRAVEL 1410 Bay Avenue, Trail 368-5595 Kelesi ousted in tennis SEOUL (CP) — Two of Canada’ rising tennis stars — Martin endeau and Helen Kelesi — were eliminated from the Olympic tour. nmament Wednesday after battling tough opponents and stifling heat. Meanwhile, Grant Connell of North Varcouver, advanced with a four-set victory late Tuesday over Aus- tralian John Fitzgerald. Kelesi, Canada’s national champion from Toronto, was upset by Gisele Miro of Brazil, 7-5, 7-5. Laurendeau, of Ville Mont-Royal, Que., lost to seventh-seeded Anders Jarryd of Swedn, 7-6 (10-8), 6-4, 7-5, 7-5 in a match that lasted three hours 44 minutes. Earlier this month, Laurendeau advanced to the fourth round of the U.S. Open —his best showing at a Grand Slam tournament. He kept pace with Jarryd on Wed- nesday, but was hurt by 18 double faults. Still, he was pleased with his game. “I thought I fought pretty well the whole match,” he said. Kelesi seemed frustrated by her match against the 19-year-old Brazi lian. In the seventh game of the second set, Kelesi was penalized a point for yelling two “audible ob- scenities” — in both cases she yelled “Jesus” after losing a point. After Miro went up 6-5 in the second set, Kelesi walked off the court and said, “Oh god, I don’t even care any more.” time. I didn't eat for 30 days.” and gave his job as assistant Teodorescu. Hortie, who works out of Edmonton's Cougar Boxing Club, was in hospital for surgery to correct a bowel obstruction. After one operation, Hortie said, “They told me they had made a mistake and had to cut me Open again. It was rather bad the second While he didn't eat, Hortie did everything possible to make sure he could still go to Seoul — even after the Canadian Amateur Boxing Associa tion decided he was too sick to go to the Olympics (While they won't admit it, Hortie's misfortune resolved a headache for the Canadian association. Teodorescu is the personal coach of superheavy coach to Adrian Tuesday. He was aided in his ploy by the coach of Irish fighter Wayne McCullough, who assured security officials that Hortie was with him. Maybe the Irish coach shouldn't have been so kind. McCullough and Olson meet inthe tiext round and the Canadian is predicting that he will “go home early again.” Olson said having Hortie was more rewarding to him than his knockout fight. “He's my life,” said Olson. “ wouldn't be the same.” If Olson defeats McCullough on Sunday, he will likely face American champion Michael Carbajal next Carbajal won his first fight Wednesday with a 3-2 decision over South Korean boxer Oh Kwang-so ithout him, boxing Lewis wants gold SEOUL (CP) — Car! Lewis consid- ers the Olympics the most important meet of his career, but the long- striding American sprinter has not put an expensive price tag on vic. tory. The slick Lewis refused to be baited into controversy over Cana- dian rival Ben Johnson when Lewis held a news conference today at the main press centre. Lewis was asked if the 100-metre final was as important to him as it seems to be to Johnson. The Toronto runner stated earlier that, if he beat Lewis and won the gold medal, he didn’t care if he lost to Lewis the next 100 races. “I really don’t look at it that way,” said Lewis. “I look at it as the next race, the biggest of the season. “It's the Olympic final. Everyone wants to win the gold medal. It's whatever level of importance some- one wants to put on it.” Lewis, 27, who beat Johnson in their last meeting at Zurich in August, won four gold medals at the 1984 Los Angeles Games and will attempt to repeat that performance in Seoul, competing in the 100, 200 sprint relay and long jump. The 100 final is first on Lewis's agenda and that means dealing with Johnson, the world-record holder who had five straight wins over Lewis before the Zurich race. FADES TO THIRD Johnson ran 9.83 seconds at Rome to eclipse the world mark of American Calvin Smith by 1-10th of a second. Lewis's time was 9.93 at Zurich when Johnson faded to third, allowing Smith to take second. The 100-metre preliminaries will be Friday at Olympic Stadium, with the top runners to sprint twice in heats. The semifinals and final on Friday will be only 90 minutes apart. Asked about competing against Johnson — they have raced 15 times in finals, including the 1984 Olympics when Johnson was third — Lewis said: “It’s great for sport, like Muhammed Ali and Joe Frazier were for boxing. We're focusing attention on our sport, advertising our sport.” Lewis, 27, whose mother Evelyn sat quietly at his side, downplayed a confrontation he had with the media when he arrived in Seoul last week. He said he was more than generous with his time at crowded Kimpo air. port. “I don’t recall saying anything. pushing anyone, nothing negative, he said to answer a critical Korean reporter. “I don’t understand what the lecture was. “If there was (a problem), then maybe a part of me went out of control and I can't recall it. 1 simply don’t believe I did anything.” Families burned on hotel rooms SEOUL (CP) The families of some members of the Canadian Olympic swimming team fear they may be out a lot of money because rooms they paid for before leaving Canada don't exist The families, who booked their ac- commodations through Seoul Travel in Toronto, arrived in South Korea to find their hotels had no record of their reservations. Some of the families had paid for their rooms in advance and in full. Paul Anderson of Toronto trav. elled with his wife, Olive, and their daughter, Kim, to cheer on son Paul, who is to compete in the 200-metre individual medley. They arrived to find their “first- class hotel,” was a $19-a-night flea- bag serving a brisk hooker trade. They had paid about $2,800 for 12 nights’ accommodation, but the hotel had never heard of them. “I was approached at one stage when I was with my wife (and asked) if I wanted a nice, young lady,” Paul Anderson says, shaking his head in disbelief. The Andersons stayed overnight in a filthy room with an unmade bed. The next day they found another hotel. They are paying $200 a night for two rooms. Don and Jane Chalmers and their daughter, Jennifer, arrived at the Marathon Hotel only to find it didn't have their reservations. So they booked new rooms for a total of $300 a night The Chalmers still don't know if they'll be asked to cough up $2,700 when they check out after their nine-day stay. “We still don't know if they have any record of us paying,” said Jane Chalmers, adding the hotel manage ment tells them not to worry about the bill when they ask questions. She says the parents of swimmer Debbie Wurzburger — both families are from London, Ont. — are in the same boat The swimmers’ families had been advised to use Seoul Travel by the swim team’s travel agent, Sharp's Travel in Toronto. They believe Seoul Travel booked through a Belgian company. “I didn’t know there was a prob- lem,” said a company representative when reached Tuesday, Vivian Ahn, Seoul Travel’s assistant manager in Toronto, referred all inquiries to a Mr. MacGregor in Seoul.