ÿBob,big surge in Telecoms today:T, DT,FT, BSC,BLS " because of great biz. and excitementÿ
about wireless.
I guess NN / ALA will also have big jump as soon as people understand thatÿ
ÿÿÿ a)above companies are MAJOR NN customers and thus owe their success to NN.
ÿÿÿÿÿÿÿÿÿ ( at least in part ).
ÿÿÿ b)that NN/ALA are MAJOR Wireless infrastructure suppliers
ÿÿÿ c) NN/ALA will be winning even more contracts with better/newÿ
ÿÿÿÿÿÿÿÿÿ equipment coming out and that the above companies are testing
ÿÿÿÿÿÿÿÿÿ the new equipment even as we speak.
TA
==================================
biz.yahoo.com
Thursday March 2, 7:46 pm Eastern Time
US telecoms up again on deals, wireless enthusiasm
NEW YORK, March 2 (Reuters) - The shares of major U.S. telecommunications stocksÿ
jumped again on Thursday, driven by investor enthusiasm following a major wirelessÿ
communications trade show and merger activity worldwide, analysts said.-
Shares of the North American Telecom Index (^XTC - news) gained 1.36 percentÿ
to 1665.41, outpacing a slim 0.27 percent gain in the Dow Jones Industrials average.
-AT&T Corp. (NYSE:T - news), the No. 1 U.S. long-distance company,
surged 6-1/2, or 13 percent, to 54-5/16 in heavy trading on the New York
Stock Exchange. SBC Communications Inc. (NYSE:SBC - news), the No. 1 U.S.ÿ
local telephone company, gained 3-1/16 to 44-1/2, also on the NYSE.-
International telecommunications stocks also surged. -The
pan-European Euro STOXX 50 index gained 3.27 percent to 5,406.37,
helping to send the broader FTSE Eurotop 300 index 1.59 percent higher to a record 1,619.50.
-France Telecom saw a stunning 25.5 percent rise in the wake
of robust annual results and Internet hopes.
Heavyweights Deutsche Telekom AG and British Telecommunications
(quote from Yahoo! UK & Ireland: BT.L) rose over eight percent and 7.7 percent respectively.-<>
The gains throughout the sector on Thursday built on strength seen earlier this week.
-Analysts and traders pointed to several factors for this week's gains,
such as speculation Deutsche Telekom may acquire Qwest Communications International Inc.
(NYSE:Q - news) and its merger partner U S West Inc. (NYSE:USW - news)
Deutsche Telekom has also been looking at Global Crossing Ltd (NasdaqNM:GBLX - news)ÿ
and PSINet Inc. (NasdaqNM:PSIX - news), the Wall Street Journal reported earlier this week.
Several partnerships and new product announced during the Cellular Telecommunicationsÿ
Industry Association (CTIA) trade show in New Orleans also stirred optimismÿ
about the potential growth of wireless data services, analysts said.
-``The (telecom) group's kind of leap frogging coming out of wireless show ... there's the sense
that these companies with low multiples are moving into these new spaces,'ÿ
said Brown Brothers Harriman analyst Robert Wilkes.
Other developments in the wireless sector also bolstered stock prices.
BellSouth Corp. (NYSE:BLS - news) and SBC are in talks to combine their regional wirelessÿ
networks to broaden their geographic reach and cut costs, sources familiar with the situation said.-
SBC also reassured analysts at a meeting last week that it had no deals in the works that would
dampen profits. This helped ease some of the concerns that had been weighing on the stock,
analysts said.
AT&T, meanwhile, continues to gain investor attention as it moves closer to its plannedÿ
an initial public offering of its wireless operations, traders said.
``There's excitement for all things wireless,' one trader said.
The potential growth in wireless services should help strengthen the Blue Chip
telecommunications stock, which historically underperform the broader market
in the first quarter and then jump as mergers and other corporate developments
draw investors, analysts said.
-The telecommunications sector, a hot bed of merger activity in recent years, also should
see more deals in the U.S. and Europe as companies seek to expand globally to serve largeÿ
corporate customers and reduce costs.
Earlier this week, Britain's Cable & Wireless Plc (quote from Yahoo! UK & Ireland: CW.L)ÿ
agreed to sell its Hong Kong subsidiary. The move gives it cash to build itself into an
Internet leader, but also leaves it vulnerable to a takeover, analysts said.
France Telecom and KPN Telecom NV of the Netherlands are among the likely bidders forÿ
British wireless company Orange Plc (NasdaqNM:ORNGY - news)-
--------------------------------------------------------------------------------
More Quotes
and News: AT&T Corp (NYSE:T - news)
BellSouth Corp (NYSE:BLS - news)
Global Crossing Ltd (NasdaqNM:GBLX - news)
N.A. TELECOM NDX (American Stock Exchange) (^XTC - news)
Orange PLC (NasdaqNM:ORNGY - news)
Psinet Inc (NasdaqNM:PSIX - news)
QWEST COMMS INTL (NYSE:Q - news)
SBC Communications Inc (NYSE:SBC - news)
US West Inc (NYSE:USW - news)ÿ |
