Wednesday's TV Talkers

Author:
Publish date:

TheStreet.com

updates the TV Tipsheet throughout the day to reflect the speakers' comments.

CNBC Guests for July 23, 1997

4:30 a.m.

David Horner,

Merrill Lynch

6:10 a.m.

Neal Soss,

Credit Suisse First Boston

Last week Soss was quoted by

Investor's Business Daily

as saying, "This is a truly spectacular economic environment ... In the 1970s, it was hard to imagine or even envision a return to price stability ... but I think it's reasonable for us to believe that we've done so after 30 years of trying to get inflation out of the system."

7:10 a.m.

Sanjay Kumar,

Computer Associates

(

(CA) - Get Report

CA)

7:40 a.m.

Rep. James Talent, Chairman,

Small Business Committee

8:10 a.m.

Albert Dunlap, Chairman & CEO,

Sunbeam

(

(SOC)

SOC)

The chainsaw makes an appearance.

What he said:

After celebrating his one-year anniversary at the company, Dunlap is extremely happy with how things are going. Sales are up significantly, especially with the top 10 accounts, and the company expects 20% margins through the development of new products and globalization. Dunlap also stressed the superior management at Sunbeam. He feels good about earnings and growth estimates even though the total market for household products is shrinking. He expects to gain market share through highly differentiated products.

8:10 a.m.

James Cramer, President,

Cramer Berkowitz

The market has rebounded nicely, earnings are up, interest rates are stable and the bulls are smiling. Yep, it's Cramer time.

What he said:

Cramer once again backed up his bet that the

Dow

will reach 9000 by Labor Day. Although he sees a rough 1000 points ahead, he is confident that it will happen. Mark Haines asked him about the recent article in

The Wall Street Journal

comparing this market to the ones in 1929 and 1987. As he wrote

here, he thinks the current bull run is completely different from 1987. In 1987 there was an amazing certainty in the market that prices would just keep on going higher, but there was no fundamental basis for this assumption. Now, though, there are great earnings, falling interest rates and low inflation, Cramer said.

9:10 a.m.

David House, Chairman & CEO,

Bay Networks

(

(BAY)

BAY)

What he said:

House said that Bay Networks' turnaround is not complete yet. He expects that the company's 50% gross margins will remain stable while net margins will increase with the growth of the top line.

9:40 a.m.

Delbert Yocam, Chairman & CEO,

Borland International

(

(BORL)

BORL)

What he said:

Our condolences to Yocam, who had the bad luck to appear on

CNBC

when Jim Cramer was guest host. In his usual go-for-the-jugular style Cramer came right out with it. Is Yocam buying stock in Borland? Not options, not a few thousand symbolic shares, not being "aligned with shareholders," as Yocam tried to put it. Simply, is the CEO confident enough to buy a serious stake in his company? Want to guess the answer?

10:30 a.m.

Peter Currie, CFO,

Netscape

(

(NSCP)

NSCP)

10:40 a.m.

Lawrence Rice,

Josephthal Lyon & Ross

What he said:

Rice said he is wishing for a nice, solid correction so he can find some more buying opportunities in the market. He said he would buy

IBM

(

(IBM) - Get Report

IBM) if he could get it at a discount to the

S&P 500

. He likes both

Chrysler

(

(C) - Get Report

C) and

Ford

(

(F) - Get Report

F) for the long term. He is also very positive on

Sun Microsystems

(

(SUNW) - Get Report

SUNW).

11:20 a.m.

Ginger Broderick, Certified Public Accountant

Hopefully this won't be too exciting; you know how crazy those accountants can get.

11:30 a.m.

David Goode, Chairman & CEO,

Norfolk Southern

(

(NSC) - Get Report

NSC)

3:03 p.m.

Arthur Cashin,

PaineWebber

View from the floor.

3:40 p.m.

Steven Strongin,

Goldman Sachs

In Monday's

Wall Street Journal

, Strongin addressed worries of a emerging deflationary trend. "I spent two years saying that inflation wasn't going to be an issue," he said. "Now I can spend two years saying deflation isn't going to be an issue." Some on the Street may

disagree.

4:10 p.m.

David Jones,

Aubrey G. Lanston

In the July 16 issue of

SmartMoney

, Jones was quoted as saying that as the economy slows to a "more sustainable pace,

it will make the Fed happy as long as it continues to see no inflationary price pressures in the market." Mr. Greenspan seems to agree.

4:30 p.m.

William Mattison,

Gerard Klauer Mattison

5:40 p.m.

Alan Wapnick,

Lexington Growth & Income Fund

Wapnick's $220.2 million fund (

(LEXRX)

LEXRX) has, yes, beaten the

S&P 500

in 1997 with a 25.2% year-to-date return, ranking it No. 84 out of the 605 growth and income funds tracked by

Lipper Analytical Services

.

What he said:

Wapnick does not own

Bay Networks

(

(BAY)

BAY) and wouldn't because he is not comfortable with the picture going forward. Two drug stocks he likes are

Warner-Lambert

(

(WLA)

WLA) and

Pfizer

(

(PFE) - Get Report

PFE). Wapnick admits both stocks are very pricey, but believes they have great earnings potential.

Wapnick does not think that

Kellogg

(

(K) - Get Report

K) is a great buy after its recent move and would rather own

Heinz

(

(HNZ)

HNZ) or

Nabisco

(NA:NYSE).

6:10 p.m.

David Cudaback,

Institutional Investor

CNNfn Guests for July 23, 1997

Business Day

appears on

CNN

from 6 a.m. to 7 a.m. All guests appearing afterwards will appear on

CNNfn.

6:00 a.m.

Jack Baker, Head of Trading,

Furman Selz

6:30 a.m.

Stephen Slifer, Economist,

Lehman Brothers

6:40 a.m.

Glenn Stewart, Aerospace Analyst,

A.G. Edwards

7:00 a.m.

Jack Baker, Head of Trading,

Furman Selz

7:15 a.m.

Glenn Stewart, Aerospace Analyst,

A.G. Edwards

7:30 a.m.

Stephen Slifer, Economist,

Lehman Brothers

7:40 a.m.

Sanjay Kumar, President,

Computer Associates

(

(CA) - Get Report

CA)

9:10 a.m.

Peter Di Teresa, Equity Fund Analyst,

Morningstar

9:15 a.m.

David Horner, Senior Financial Strategist,

Merrill Lynch

9:40 a.m.

David Klassen, Fund Manager,

Chase Manhattan

10:15 a.m.

John Shaughnessy, Director of Research,

Advest Inc.

11:45 a.m.

Jerry Tweddell, Co-Author,

Winning With Index Mutual Funds

11:05 a.m.

Peter Currie,

Netscape

(

(NSCP)

NSCP)

11:15 p.m.

Christian Svensson, Editor,

Next Generation Online

11:40 p.m.

Robert Walberg, Tech Stock Analyst,

Briefing.com

12:00 p.m.

Tom Julian, Menswear Expert,

Fallon McElligot

12:15 p.m.

Dennis Jorgenson, Chief Operating Officer,

American Marketing Association

12:30 p.m.

Lorraine Shanley, Editor,

Publishing Trends

12:35 p.m.

Dan Rosenbaum, Cyberspace Expert,

Net Guide

1:00 p.m.

Todd Eberhard, Stock Strategist,

Eberhard Investment Associates

1:00 p.m.

Jo-Ann Johnston, Author,

The Post-College Survival Handbook

1:30 p.m.

Alan Sklover, Employment Attorney

2:05 p.m.

Laura D'Andrea Tyson,

Haas School of Business, University of California-Berkeley

2:30 p.m.

Sara Horowitz, Executive Director,

Working Today

3:00 p.m.

Dan Jacobs, Portfolio Manager,

UAM Jacobs International Octagon Fund

3:30 p.m.

Joel Kurtzman, Editor, Strategy & Business,

Booz Allen & Hamilton

3:30 p.m.

Lewis Casabianca, Editor,

The Rough Guides

4:10 p.m.

William Sullivan, Money Market Economist,

Morgan Stanley Dean Witter Reynolds

4:40 p.m.

Timothy Ghriskey, Manager,

Dreyfus Aggressive Value Fund

5:00 p.m.

Richard Johnston, Managing Director,

Offitbank

5:05 p.m.

Scott Shevick, Senior Drug Analyst,

Bear Stearns

5:30 p.m.

Kenneth Austin, Founder & President,

Safe Not Sorry

5:45 p.m.

Bethany Kandel, Author,

The Expert Parent

6:00 p.m.

Brian Maxwell, CEO,

PowerBar

6:00 p.m.

Jim Leyritz, Catcher,

Anaheim Angels