Enron Mail |
Light'n'up - about sums up Monday's pre-holiday shortened trading session.
Things opened down but quickly picked up with a lower NAPM # - the Nasdaq was up 25, Dow Indust. up 112 and the S&P up 14. The news for the day was ORCL's (Oracle) #2 stepping down in a cloud of mystery - stock was down 4 1/2%. Also IFMX (Informix) down over 35% on profit warning. FON (Sprint Fon Group) was up 3 with more speculation about Deut T. In the transportation space EAGL (Eagle Inc) merged with CRCL (Circle International Group). Financials and insurance were up: ALL (Allstate CP), CNC (Conseco Inc), JPM (JP Morgan), FTU (First Union Corp), WFC (Wells Fargo), KEY (Keycorp New) all up over 5%; BK (Bank of New York) and BAC (Bank of America) up over 4.5%. In Tech - AMD (Advanced Micro Devices) up 9%, INTC (Intel Corp) and MU (Micron Technologies) up over 2%, YHOO (Yahoo), NOK (Nokia) and ERICY (LM Erics Tel) up 3%, CSCO (Cisco Systems) and MOT (Motorola) up over 1%..... In the CEUT Universe: BWAY* (Breakaway Solutions) up 6%... PSDI* (Project Software) and NATI* (National Instruments) up over 1.... SSTI* (Silicon Storage) up over 10... NT* (Nortel Networks) up almost 4, JDSU* (JDS Uniphase) up over 8... BRCD* (Brocade Communications) down 5, NTAP* (Network Appliance) up 2, PRCM (Procom Technologies) up 1 13/16...PROX* (Proxim) down over 3, RIMM* (Research In Motion) up over 3... MUSE* (Micromuse) down 12... SIRI+ (Sirius Satellite) up over 3, XMSR* (XM Satellite) down over 3.... COVD* (Covad Communications) up over 1, ICIX* (Intermedia Communications) down 1..... Friday brings us unemployment #s. Saudis - will check with OPEC before boosting oil production. MSFT - Telewest deal in trouble - Euro regulators don't like it. KPN and NTT DoCoMo team with Hutch. Whampoa for 3rd gen. lic. in Europe. WSJ Heard in Europe - Deut T - expensive when compared to other Euro Telcos/ Overhang issue/ FON deal, even if real, won't help. Deut T - majority stakes in Hungarian and Slovak phone co.s T, France Tel., Brit. Tel. and SBC - considering large debt issues post Deut T deal. COVD - expands DSL service in New Mexico. WSJ Heard - Banks oversold? positive on CMB, FLT, WFC, SOTR, STI, CMA; negative on ASO, BBT and RGBK. Nippon Credit Bank - Softbank only wants minority stake on board. CA - neg. pre-announce - stock down in pre-trading. LHSP - negative analyst comments - stock down pre-trading. David Boies - helped gov. in MSFT case - now helping Napster vs. music industry. ex - Bertelsmann exec. Jan Buettner - starting $250 million VC fund - next gen. net service infrast - backers include: Bertelsmann, Standford U., AOL, Sumitomo... any others. Genset (GENXY) - key french bio-tech - new CEO after major board fight. SCBI - re-stating #s. Excite@Home - countersuit vs. Cablevision. SNE, Matsushita and Toshiba - agree to standard for dig. TV and interactive services. Apex and Cybex Comp. Prod. - merge and form new co. - Avocent (AVCT) - server management solutions. Analog Devices - buys Irish Optical wafer maker BCO Tech.. Priceline Europe - gets Burger King CEO to run show. Manila Phil. - text messaging is all the rage. Survey - 44% of tech savvy high school students prefer manually submitting college aps - nervous about security. CSCO's chief startegy officer invterviwed in NY Times. Ex - Novell exec. gets $10 million to start XML co. named Tilion. Smartmoney - article on COMS view of the dig. home. There is talk: DT for CWP?/ C.E. Unterberg Towbin: INIT marketing in Boston/ Mike Renegar marketing in NY. Futures up. The information contained herein is obtained from sources we believe to be reliable but its accuracy and completeness, and that of the opinions based thereon, are not guaranteed. C.E. Unterberg Towbin, or one or more of its partners, may have a position in any of the securities discussed herein. All rights reserved by C.E. Unterberg Towbin. May not be reproduced in whole or in part without prior written authorization. This report is not an offer to sell or solicitation of an offer to buy the securities mentioned herein. *C.E. Unterberg Towbin makes a market in this security and/or has analyst coverage. +C.E. Unterberg Towbin makes a market in this security and has been involved in a recent financing. _____________________________ Bram Towbin C.E. Unterberg Towbin 10 East 50th Street New York NY 10022 Telephone: 212 572 8163 Fax: 212 759 4032 Btowbin@unterberg.com www.unterberg.com ---------------------------------------------------------------- Pursuant to SEC and NASD requirements, all incoming and outgoing e-mail of C.E. Unterberg, Towbin is subject to review by the Compliance Department. Please note that C.E. Unterberg, Towbin does not allow the use of e-mail to request, authorize or effect the purchase or sale of any security, to send fund transfer instructions, or to effect any other transactions. Any such request, orders or instructions that you send will not be accepted and will not be processed. ================================================================
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