Globo Cabo - GLCBY Message Board

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Technology Stocks : Globo Cabo - GLCBY

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To: Xenogenetic who started this subject	9/5/2000 2:48:46 PM
From: Xenogenetic	of 21

UBS Warburg Starts Coverage Of Globo Cabo At Buy Dow Jones Newswires SAO PAULO -- UBS Warburg initiated coverage of Globo Cabo SA (GLCBY) with a buy recommendation. The investment bank has a 12-month price target for Globo Cabo of $19 an American Depository Receipt. UBS Warburg said relative to other cable television providers Globo Cabo has strong customer growth and accelerating EBITDA, or earnings before interest, taxes, depreciation and amortization. UBS Warburg added that Globo Cabo is well-positioned to take advantage of emerging interactive television technologies because of its relationship with software maker Microsoft Corp. (MSFT), which owns about 10% of Globo Cabo. Interactive television programming is likely to add to Globo Cabo's EBITDA, Warburg said. ADRs of Globo Cabo opened for trade Tuesday at $15 7/8 each. -Terry Wade, Dow Jones Newswires

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