BIZWATCH : MARKETS.

MARKET LOGIC: The Dow, which closed above 6,200 for the first time Thursday, rose 13.78 to a new high of 6,219.82, rebounding from a 15-point deficit over the last hour. It was the fifth straight winning session for the Dow, which gained 197.89 points, or 3.3 percent, on the week.

MEMO

NESEN SELLS DEALERSHIPS: After nearly a half-century in the auto sales business, Nesen Motor Car Co. of Thousand Oaks has sold its dealerships to Silver Star Automotive Group. Silver Star takes over sales of the Land Rover, Range Rover, Lexus, Rolls-Royce, Bentley, Aston Martin, Hummer, Cadillac and Oldsmobile models. The purchase price was not disclosed. Silver Star has retained most of Nesen's 130 employees, although several top managers and body shop workers were let go. Previously, Silver Star had sold Buicks, GMC Trucks, Hondas, Jaguars, Lotus, Mazdas, Mercedes-Benz, Nissans, Saabs and Subarus.

CHIP SITE: Intel Corp. is looking at sites in Texas for another computer chip factory, the latest in a global expansion for the leading maker of the basic building block of computers. According to news reports, the Santa Clara, Calif., company plans to build a wafer fabrication plant near Alliance Airport, about 25 miles north of downtown Fort Worth. A year ago, Intel announced it would spend $3 billion on new plants in Israel, Ireland and Malaysia.

CONRAIL STAKES HIGHER: The stakes are getting higher in the battle for control of Conrail, the newly attractive collection of once-failed Northeast freight railroads. Norfolk Southern Corp. increased its hostile bid by 10 percent to about $10 billion in cash, widening the gap from the $8.5 billion cash-and-stock offer of friendly Conrail suitor CSX Corp. Conrail said its board would study the increased offer of $110 a share. But it also said the board already had considered the relative merits of a merger with Norfolk Southern rather than with CSX and ``had unanimously determined that a merger with CSX was in the best interests of Conrail and its constituencies.''

LOCKHEED GETS CONTRACT: The Pentagon awarded Lockheed Martin a $1.8 billion contract to build a satellite system designed to provide improved warning against ballistic missile attack. The contract goes to Lockheed's Missile and Space Corp. in Sunnyvale, Calif. It follows two years of research and analysis by Lockheed and competitor Hughes Space and Communications of Los Angeles. Target date for completion of the ground station is fiscal year 1999. The satellites are to be ready to launch by 2006.

COFFEE SUPPLIER INDICTED: A Berkeley-based coffee supplier has been indicted on fraud and money laundering charges, accusing him of making up to $5 million from the sale of the bogus beans. Michael L. Norton, owner of Kona Kai Farms, was arraigned in Oakland for allegedly selling thousands of pounds of counterfeit Kona coffee beans to Starbucks and other gourmet coffee shops. Court documents say Norton bought Central American beans, told his employees to rebag them into sacks with a ``Kona'' label, and sold them to ``unwitting wholesalers.'' Investigators say it's been happening since 1987.

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2 Charts

Chart: (1) EMERGING AUTO MARKETS

(2) DOW INDUSTRIALS