TECH STOCKS: THE JUNK BONDS OF THE NEW MILLENNIUM? -- As tech stocks continue their decline on Wall Street, will they be thought of as the equivalent of the junk bonds that burned investors in early 1990s? Possibly, says Temple finance professor Dr. Jonathan Scott. "When junk bonds got beat up in 1990, the stronger ones survived, came back, and did quite well," says Scott. "The better junk bonds were actually one of the best investments you could have made between 1990-1995." Scott adds that the long-run performance of initial public offerings is not good and was an aberration in late 1999 and 2000 when the stocks of tech companies continued strong showings. "Yahoo will never reach $300 a share again," predicts Scott, "but the tech companies that generate a stream of earnings and have persistent growth are going to do quite well in the long term. But there were a lot of companies that went public that should not have." Reach Scott through the Office of News and Media Relations, 215/204-7476, or e-mail him directly at [email protected].
LITTLE CHANCE FOR SMALL MARKET TEAMS TO MAKE WORLD SERIES -- It could be a long season for Phillies fans, says Temple economics professor Mike Leeds, an expert on the economics of sports. "Money is no guarantee of victory, but not spending money is a guarantee of failure," says Leeds. While it's become more of an issue in recent years with the astronomical salaries being ponied up for players like Alex Rodriguez, the dominance of deep-pocketed, big-market owners is nothing new, says Leeds. "People forget that from 1947 to 1964 the Yankees were in every World Series except three," he says. No matter who wins the World Series, the real winners and losers could be determined this fall when the bargaining agreement between the players union and major league baseball is up, says Leeds. "This season is really a sideshow to next off-season. There's the potential for a major bloodletting." Reach Leeds through the office of News and Media Relations.
OUT WITH THE OLD, IN WITH THE NEW LEADS TO HEALTHY GARDENS -- Still waiting to see those first buds in your garden or among your landscaping? Don't worry says Lisa Blum, a plant pathology professor in the Department of Landscape and Horticulture at Temple's Ambler Campus. "With all the moisture and cold temperatures, this has been a really hard winter for plants," says Blum. "Because of that, most plants are about two weeks behind their usual schedule." The best thing to do right now is get rid of any old mulch, branches, or other debris left on the ground over the winter, she says. "Sanitation is really important because that old tissue is a really good breeding ground for insects and bacteria," warns Blum. After you've got the old stuff up, put down two to three inches of fresh mulch before the warmer temperatures come and can dry out the soil, she says. Check with your local nursery or garden center to find out what mulch will work best, but stay away from the red stuff, says Blum. "You want to use a darker mulch. That red stuff reflects way too much light and is harmful to a lot of plants." Reach Blum through the Office of News and Media Relations.
HIGH SCHOOL PRESS TOURNAMENT BRINGS TOGETHER STUDENTS AND PROS -- More than 250 student journalists from public, private and parochial high schools from throughout Pennsylvania, New Jersey, Delaware and Maryland will compete in the day-long 57th Annual Temple Press Tournament on Friday, April 6 at the University's Main Campus. Students will participate in workshops and compete for awards in contests conducted by media professionals from The Philadelphia Inquirer, the Daily News and by Temple University journalism professors. For more information, contact the Office of News and Media Relations.
This Week at Temple . . .
Tuesday, April 3, 10-11:45 a.m. PROJECT RAINBOW -- Some 20 mentally gifted students, grades 5-8, from William Pierce Middle School will receive hands-on training in using Internet resources to support learning. The visit is part of Project RAINBOW, a collaborative partnership between Temple's College of Education and the Philadelphia School District's Audenried Cluster. (LITT Lab, 308 Ritter Hall, 1301 Cecil B. Moore Ave.).
Saturday, April 7, 9 a.m.-3 p.m. MINORITY RESEARCH AND MENTORING CONFERENCE -- This day long conference provides minority students majoring in science and technology the opportunity to showcase their research projects. The conference will also feature professional development workshops. Co-sponsored by Temple and the Philadelphia Alliance for Minority Participation (AMP). (Tuttleman Learning Center, 13th St. and Montgomery Ave.)
Cheryl AfonsoTemple UniversityOffice of News andMedia Relations215.204.7476[email protected]
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