P6 & Xpdr on CNBC
CNBC 9/5/00 - 5:36 PM... ready the break out.And the ipo market has been
in the doldrums but september could put an end to that. We'll lookt the solid
companies lookto go public this month. You're watching "market wrap" on cnbc.
Maria: A revenue warning from xpedior, internet company expects third quarter
revenue to fall about 10% from its second quarter levels, due to a pullback in
snding by dot com companies. [ Xpedior has 1700 employees, provides
e-business solution force the public and private sector. This is a year-to-date
chart, currently down at 8 1/3. Time for tko tuesday, focus is a technical look at
the markets. Today's topic, the nasdaq, now that summer is officially over, i
don't know who declared but they said it all day any stocks ready to break out?
Joining us with an answer is john murphy, president of murphy morris.Com.
Always good to see you. >> Thank you. >> Speaking earlier today to another
technician who sd that nasdaq looked pretty healthy at least as measured by net
new 52-week highs....
tveyes.com
CNBC 9/5/00 - 5:33 PM... internet companies as
robertson stephens kicked off its internet conference
today in san francisco. Lycos among those speaking
to investors. Tomorrow among companies making
presentations, ebay, commerce one, in the b-to-b
sector. Excite@home and psinet among others.
tveyes.com
CNNFN 9/5/00 - 3:39 PM... $28 million, related
to a payment it may not be able to collect from a european customer. >>>
Newport. Abn amro cut its rating on the technology equipment company to
"outperform" from "buy," saying the stock has become overvalued. >>> And
xpedior. The internet services company says third quarter revenue will fall about
10-percent below the level seen in the second quarter. >>> For more on the
markets now, i'm joined by william rhodes, chief investment strategist at williams
capital. Good to see you again. >> Good to see you, tony. Tony: I'm thinking
this xpedior story i just read, just a little highlight about it's giving a warning. We
had two or three warnings today and i'm beginning to wonder about the warning
season which we're about to enter, i guess. >> Right. Tony: And how much
surprise you think there's going to be for wall street. >> What we have here is a
shift in revenue acceleration in the economy away from highly valued stocks.
High p/e stocks like tech...
tveyes.com |
