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Grab bag: lock-ups, C-Cube, Dell,more
By Thom Calandra, CBS MarketWatch
Last Update: 10:17 AM ET Aug 16, 1999 More StockWatch
Commentary New!
SAN FRANCISCO (CBS.MW) -- Folks, we had it a week ago: our cheat sheet on the expiring of Internet IPO lock-ups. Click here.
Our latest lock-up alert -- for companies whose newly minted shares may now be traded by company executives and primary shareholders -- mentions Autobytel (ABTL: news, msgs), Intraware (ITRA: news, msgs) and FlashNet Communications (FLAS: news, msgs). See the latest cheat sheet.
-- If you're looking for reasons why DVD chip player C-Cube Microsystems (CUBE: news, msgs) is finally enjoying a decent stock performance, see Jim Hale's notes at The Online Investor. Hale points out the California company, whose MPEG decoder chipsets for digital video disc players have come to define the technology developer, actually gets more business from its Divicom unit. The division makes systems that transmit digital audio and video data. "These systems are sold to customers such as DirectTV, EchoStar, BellSouth and US West," says Hale. C-Cube's Divicom unit accounts for 40 percent of revenue and is growing about 35 percent a year, the analyst says. See the notes.
Budget stock: A steal?
-- All the world's a scoop and its players investors. Or something like that. One outstanding source for investment scoops -- and it's totally free -- comes from Newstraders.com. The Washington. D.C., service, brought to us by the folks who created Federal Filings, scours Securities & Exchange Commission filings, among other things, for events that influence publicly traded companies. Company founder Michael Willner says the service was early with news that Michigan Avenue Partners looked to top Alcoa's (AA: news, msgs) $65-a-share offer for rival Reynolds Metals (RLM: news, msgs). See the Scoops.
Today on CBS MarketWatch
U.S. stocks open mixed; bonds off
Dutch firm buys Nielsen for $2.7 billion
Alcoa will go straight to Reynolds holders
PC sector eyes Dell, H-P quarterly earnings
MCI WorldCom takes troubled data network offline
More top stories...
CBS MarketWatch Columns
Updated:
8/16/99 9:34:44 AM ET
Here's one insider tip from Newstraders.com's SEC filings. Executives and directors are turning out to buy flagging shares of car rental agency Budget Group Inc. (BD: news, msgs). Budget Group Inc. director F. Perkins Hixon, Jr. bought 100,000 shares of common stock at a range of $9.06 to $9.37 each. The shares sell for 9 9/16, not far from an all-time low.
-- The folks at www.LIMresearch.com in Texas see a possible positive trend in shares of Dell Computer (DELL: news, msgs), the once golden stock that has disappointed momentum investors this year. Dell stock this week could test the $44 level, says the service, which charges a fee. Dell stock (here comes the technical talk) formed an "inside-day" chart pattern on Friday. That's when the stock's high is lower than the high on the day before and the low is higher than the low on the day before. "We have seen these conditions on 13 different occasions since 1990. Over the next week, DELL has rallied in 11 of the 13 occurrences," the service says. "How the DELLs and AOLs (AOL: news, msgs) of the world behave at these key chart points will likely determine the direction of the next 5 percent move in U.S. stocks," LIM says. See the notes. Dell shares Monday morning were up 1/4 to 41 11/16.
AOL Live Market Chat: Thom Calandra talks markets, stocks and the economy on America Online's Live Market Chat each Friday at 2:30 p.m. Eastern time. Sage Online runs the discussion. |
