Group Created with Sketch.
Volume 24 No. 156

Finance

          Intel Corp. and Mitsubishi Corp. have agreed to buy
     "substantial stakes" in FL-based SportsLine USA, according
     to David Poppe of the MIAMI HERALD.  SportsLine said Intel
     agreed to buy 537,634 shares of stock and Mitsubishi agreed
     to buy 215,054 shares for $9.30 per share.  Together, the
     two companies would invest $7M into SportsLine in exchange
     for a 5.5% ownership stake.  Their purchase would be part of
     SportsLine's IPO of 3.5 million shares, in which SportsLine
     "anticipates" other investors paying $10 per share.  One
     analyst told Poppe that the commitments from Intel and
     Mitsubishi "may help sell the IPO to other investors who
     have shied away" from SportsLine.  Poppe adds that
     SportsLine originally "hoped to raise at least" $40M in its
     IPO, but the latest prospectus says that figure has been
     "scaled back" to $35M (MIAMI HERALD, 10/30).

          The "financial windfall" from hosting four World Series     games "could run" $88M for the Marlins and other businesses,     according to Horn & Fins of the Fort Lauderdale SUN-     SENTINEL.  The following numbers, all in millions, come from     Marlins economic analyst Jeff Ross (SUN-SENTINEL, 10/28).       
INDUSTRY
DIRECT
SALES
INDIRECT
SALES
TOTAL
SALES
Marlins
$19.86
$43.44
$63.31
Hotels
5.6
6.27
11.88
Restaurants/Bars
2.26
2.194
4.46
Transit
1.98
2.09
4.07
Entertainment
1.74
1.76
3.5
Retail Stores
0.346
0.491
0.836
Laundry, etc.
0.147
0.024
0.171
OVERALL
$31.96
$56.28
$88.24