BUSINESSWEEK ONLINE : SEPTEMBER 13, 1999 ISSUE
MANAGEMENT

Long Term Investor?
It's All Relative

Average time a share is held, for 100 top American companies

I-Z
Company Average Time Held
(Based on Float)**
IBM13.74 months
Intel Corporation6.04 months
International Paper Co.4.58 months
"ITT Industries, Inc."13.73 months
"J.C. Penney Company, Inc."18.17 months
Johnson & Johnson30.23 months
Kmart Corp.7.49 months
"Kroger Company, The"18.07 months
LM Ericsson Telephone Co.5.73 months
Lockheed Martin Corp.7.5 months
Lucent Technologies Inc.14.17 months
Marriott Int'l Inc. (NEW)22.48 months
May Department Stores18.35 months
McDonald's Corporation22.06 months
"MCI WorldCom, Inc."6.94 months
"Merck & Co., Inc."21.43 months
Microsoft Corporation6.31 months
Minnesota Mining & Mfg.19.78 months
Mobil Corporation21.37 months
Morgan Stanley Dean Witt.11.85 months
"Motorola, Inc."9 months
Nabisco Holdings Corp.5.63 months
"PepsiCo, Inc."19.93 months
"Pfizer, Inc."18.26 months
Philip Morris Companies16.08 months
"Procter & Gamble Co., The"25.13 months
Raytheon Company15.79 months
Rockwell Int'l Corp. NEW16.48 months
"Safeway, Inc."8.85 months
Sara Lee Corp21.93 months
SBC Communications Inc.30.84 months
Schering-Plough Corp.19.64 months
"Sears, Roebuck & Co."12.48 months
Smithkline Beecham85.08 months
"Tenneco, Inc. (NEW)"9.56 months
"Time Warner, Inc."15.39 months
"TRW, Inc."10.73 months
Tyco Int'l. Ltd. (NEW)9.54 months
UAL Corporation1.1 months
"U.S. West, Inc."10.14 months
United Technologies12.14 months
V.F. Corporation6.05 months
"Wal-Mart Stores, Inc."18.37 months
Walgreen Company22.2 months
"Walt Disney Company, The"13.5 months
Warner-Lambert Company13.98 months
"Winn-Dixie Stores, Inc."21.2 months
Xerox Corporation10.66 months


Companies A-H

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RELATED ITEMS
Main Story: When Capital Gets Antsy

TABLE: Long-Term Investor? It's All Relative (extended)

TABLES: The 100-Company List, Sorted Alphabetically:
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