Enron Mail |
"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 - United GlobalCom. 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 interactive games. 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 investor. 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 Jeeves. EK - online photo printing. BRCD* - mentioned positively on CNBC. Latest round of dot com layoffs - Urban Box Office's Indie Planet and Pseudo. 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 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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