13:35 ET Sector Watch: Biotech : Biotech index (BTK) attempting to work off the lows led by Bio-Technology General (BTGC +8%). Stock has rallied on nearly 2x avg daily volume already (float 53 mln).
13:25 ET Microsoft (MSFT) 70.85 +0.45: -- Update -- Says based on historic volume license sales, under the new program approximately 20% of volume licensees will pay more, 50% will see neutral impact and 30% will pay less.
13:22 ET Terra Targets ELNK/CNET : Reuters reporting that Spanish Internet group Terra Lycos (TRLY) is engaged in talks to acquire ISP Earthlink (ELNK 13.55 +0.82, +6.4%) and content provider CNET (CNET 13.25 +1.58, +13.5%), citing sources close to the negotiations; source close to Terra Lycos says company is more likely to make a bid for ELNK, as company lacks the financial muscle to acquire both.
13:20 ET Informatica (INFA) 20.90 -2.13: Stock under pressure amid rumors that European business has weakened (European sales were roughly 21% of revenues in 2000); no confirmation on this talk, but if European sales do weaken, we're hearing that some other vulnerable names are: COGN, MSTR, BOBJ, and HYSL.
13:16 ET Volume Alert : Sudden volume surge in CNET (CNET 13.08 +1.41, +12%) and Earthlink (ELNK 13.33 +0.60); traders citing Reuters report that Terra Lycos (TRLY) is in considering a bid for the companies. |
