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Enron Mail |
Salomon makes a negative call on chips; ENTU (Entrust Technologies) CA*
(Computer Associates) and BMCS* (BMC Software) miss big and oh yes lets not forget the post-holiday reverberations of ORCL's (Oracle) # 2 man stepping down - it wasn't pretty in tech. Is it any wonder the Nasdaq was never in the green and closed down over 125? In listed-land it was Saudi Arabia threatening to sink oil prices vs. some buoyancy in the financials and drugs - and the bears won with the Dow Industrials closing down 77. In tech - ENTU down over 50%, ORCL down almost 9%, AMAT (Applied Materials) AMD (Advanced Micro Devices) NSM (National Semiconductor) down 10% or more, VTSS (Vitesse Semiconductor) MU (Micron Technologies) TXN (Texas Instruments) down over 6%, LU* (Lucent Technologies) CSCO (Cisco Systems) SUNW (Sun Microsystems) GE (General Electric) YHOO (Yahoo) all down over 4%, RHAT (Red Hat Inc) down 7% - a couple of bright spots (but only a couple) AOL (America Online) up over 2 1/2% and T (AT&T) up over 3%. The oils and the drillers were a drag - BPA (BP Amoco PLC) and APA (Apache Corp) down 7%, TX (Texaco Inc) CHV (Chevron Corp) and SLB (Schlumberger Inc) down over 4%, XOM (Exxon Mobile) down 3%, BHI (Baker Hughes Inc.) down 6% meanwhile IMNX (Immunex Corp) BGEN (Biogen) LLY (Ely Lilly) all up 4%, AMG (Affliated Mangers Group) up 7%, BMY (Bristol Myers Squibb) up 2% and the financials - WFC (Wells Fargo) GS (Goldman Sachs Group) C (Citigroup) all up 1%, MER (Merrill Lynch) MWD (MS Dean Witter) ONE (Bank One Corp) ALL (Allstate Corp) all up 2%.... In the CEUT Universe the stories of the day were BMCS* and CA* - both down 40% after negative pre-announcements - CA* announced first and Paul Rodriguez attributed the miss to three factors - Europe, mainframe slowness and not closing two deals; BMCS* followed - the street did not react positively to their morning call. Karl Motey's space was hit due to the Saloman call - PMCS* (PMC Sierra Corp) KOPN+ (Kopin) down 8, TLCM* (Telecom Semiconductors) PSEM* (Pericom Semiconductors) down 9, SSTI* (Silicon Storage) down almost 15... JDSU (JDS Uniphase) down over 9... IMAN (Imanage Inc) down 8%.... PROX* (Proxim) down over 5... VRTS* (Veritas Software) down over 4 1/2, MUSE* (Micromuse) up over 3 1/2.... SPOT* (Panam Sat) down over 2.... JBL* (Jabil Circuit) down over 2.... COVD* (Covad) up over 1.... after the close RDCM+ (Radcom) pre-announced negatively. FBI questioning Japan's NTT purchase of US ISP Verio - security concerns - how can we bug? Datek - taking limit orders in decimals. Lernout and Hauspie - down 16% - questions about concentration of revenues. AmericasMart.com - retailer of furnishings - UPS offering credit cards and unsecured lines of credit to customers. AOL - stake in SpeechWorks - maker of voice recong. software - phone access to net becoming more vital. Edgewater Tech - formally StaffMark - dumping temp staff business to be e-commerce consulting firm. Alcatel - buys private maker of optical components (Innovative Fibers of Canada). Ionics EMS - $1Billion disk drive order from Philips. Sanyo - mobile phone/audio player (developed by consortium featuring Fujitsu and Hitachi). Comverse Tech. - buys Israeli wireless infrast. firm Exalink. Carrefour (huge French retailer) and BNP-Paribas - online financial services via retailers web portal. Cable and Wireless - $30 million to Euro net incubator Gorilla Park. Swissair - CEO quits for net start-up. Brit T - aggressive WAP ad push - not paying off - consumers aren't buying. Japan's NEC - planning NYSE listing. WSJ - overview of sites targeting Latin American women. NY Times - online phone calls catching on. Waterpark in Denver - kids wear electronic wristwatch tracking device so parents can locate them at all times. Buy.com , Staples and eZimba - victims of electronic fraud - hackers use gift certificates to get free merchandise. Hotwire.com - coming in Sept. - discounted last minute empty airline seats - watch out Priceline (not to be confused with airline backed Orbitz site). iFilm - layoffs. 3i Networks - Java based ap service provider - for e-commerce - $1 million first round. Dept. of Agriculture - have invented Plumcots - cross between apricot and plum. petersons.com/private/ - site for info on private schools. Mossberg of WSJ - review of Omnisky "wireless web" - has potential but not really here yet. Global Quest Network - hear 15 second ad - place call for free -available in Dallas/Ft. Worth. Dell - drops NextMonet.com (art sales site) from intranet - doesn't like nude pictures. INTC - settles patent suit vs. Via Tech. HWP - 5% sake in Novadigm - intergrate their management soft. into HWP's solution. WorldSpy.com - free ISP - goes under. Norway's Opera Soft. - develops browser for Psion's OS. DSTM - profit warning. Ibidlive - auctioning .tv domain names on web and TV. WSJ Heard - analysis of CA debacle. alteregonet.com - soft. to unify format of wireless content without regard to device. BMET - 3 for 2. onlineconservatory.com - musicians can jam with their friends online. CIBC - intiates RIMM* with a buy. (trading up in pre-market). Orange - buys Brit. news site Ananova (and animated news anchor) European Parl. - angry about American eavesdropping - say it's for corporate espionage. C.E. Unterberg Towbin's Paul Rodriguez - on CNN yesterday commenting on his space. C.E. Unterberg Towbin - INIT marketing in NY. 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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