"I haven't failed. I've found 10,000 ways that don't work." - Albert
Einstein; NASDAQ slides again - down 91 - DOW up 28; H&Q downgrades EBAY
(Ebay Inc) (down 4 5/16) from strong buy to buy; AMZN (Amazon) (down 8 1/8)
falls on cautionary comments from Lehman; ACCL (Accelerated Networks) (up 32
7/8) IPO priced at $15; TWX (Time Warner) (down 4 1/16) shareholders approve
AOL (America Online) (down 4 1/8) purchase; CMGI (CMGI Inc) (down 3 1/2) on
earnings warning - CS First Boston cuts to hold from buy; CAG (Conagra Inc)
(down 1 3/8) buying IHF (International Home Foods) (up 5 1/4); Rumor - NOK
(Nokia Corp) (down 3 5/16) to buy QCOM (Qualcomm) (down 1 7/8); RMBS
(Rambus) (up 17 9/16) on Hitachi settlement; KOOP (DrKoop.com) (up 29/32)
receives $1.5 Million; HGSI (Human Genome) up 10 1/16; SUNW (Sun
Microsystems) down 5 7/16; VSAT (Viasat) down 5 1/4; MSFT (Microsoft) down 2
1/8; BRCM (Broadcom) down 3; AMAT (Applied Materials) down 3 1/6; BMCS (BMC
Software) down 2 1/16;
MO buys Nabisco
AOL, TWX deal - regulators taking closer look.
AMZN* - hit hard (down 19% on analyst comments) - company says
report was wreckless.
SNE - Palm device debuts on Tues.
Liberty Media - biggest shareholder in European Cable and TV giant -
NY Times - delays tracking stock.
USA Networks - interactive business in one division - to go public.
Citrix - Chairman quits - management re-org - stock hit 18%.
Recording industry - younger people buying less music as older
people buy more.
Freeserve and Deut T - deal off.
YHOO - put your company intranet with us.
Dreamworks - record label takes online submissions.
INTC - new Celeron chips (AMD's made their new chip announcement
last week)/ also INTC opening software development center in Russia.
Mattel - nixing software that stirred privacy concerns in their
TXN - buys Alantro - wireless local area networking co.
Oxygen Media - closintg two shopping sites.
More Chinese Net co.s coming to Nasdaq - Netease.com and Sohu.com.
Vivity - video over corporate network - gets $4.5 million - HLIT is
QXL - real challege to Ebay* in Europe.
Overview of "Digital Livingroom" in WSJ - new devices are confusing
- interactive TV and Videa coming as is home networking. (PROX mentioned in
home networking article).
Broadcom - positive article in NY Times.
Electronics Retailer 800.com - pulls IPO.
EXP.com - matches consumers and executives with experts,
counselors..... gets $33 million 2nd round including backing from Ask
EK - online photo printing.
BRCD* - mentioned positively on CNBC.
Latest round of dot com layoffs - Urban Box Office's Indie Planet
CMRC buys APNT.
Tangible Asset Galleries (art and rare coins) buys Gavelnet.com
(Collectables from network of Galleries).
NY Times Page 1 Sunday - Online retailers stop offering endless
bargains - watching bottom line (Dan Ries has been saying this for weeks).
Frank Quattrone - super-star tech banker at First Boston - part of
new deal is in house high tech fund - will do VC work.
Barron's Cover Story - Roundtable group half-way through the year
overview - positive on wide variety of companies - Abby is still bullish
also likes Merck, C and Wells Fargo/ Some think CSCO, Nokia and Nortel are
overvalued/ other picks - Chris Craft, Modine Manufact., MONY Group,
Flextronics, Polaris Industries, Exxon, Royal Dutch, Apache, Anadarko,
Burlington Resources, Novartis, Roche, AXA, UPM Kyrmmene, Nomura, McLeod
USA, ABGenix, Gemstar-TV Guide, Furniture Brands (mentioned by 2 seperate
people), Georgia Pacific, Eserline, ITT Industries, Metlife, Edwards Life
Sciences, BTU International, Ross Stores, Comcast, Kellwood, AK Steel, D R
Horton, Navistar, Parkervision, Impath...
WSJ Heard - was T's Wireless deal an IPO - question not academic -
was pre-deal trading okay?
KOOP - $1.5 million loan from merchant bank.
There is talk: CSCO for RBAK?/
C.E. Unterberg Towbin: Futurelink Roadshow in San Fran./ Paul
Rodriguez marketing in Mid-Atlantic.
Kimberly Breslauer - great job writing this letter last week.
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
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*C.E. Unterberg Towbin makes a market in this security and/or has analyst
+C.E. Unterberg Towbin makes a market in this security and has been involved
in a recent financing.
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