CPN: Calpine Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CPN: Calpine Corporation

FRO 23.66

-0.3%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Softechie	2/7/2002 1:03:41 PM
	of 555

Calpine concerns 'overblown': analysts -------------------------------------------------------------------------------- 11:34 ET Shares of Calpine are bulling $1.22, or 18 percent higher, to $7.02. Volume is 17.3 million shares, which is more than double the daily average over the past 200 sessions. On Wednesday, the stock tumbled 22 percent on volume of 61.4 million shares after the energy marketer disclosed that it had received an informal request from the U.S. Securities and Exchange Commission's enforcement division in the wake of a Dow Jones newswire report last month about selective disclosure allegations. Analyst Christopher Ellinghaus at Williams Capital said the SEC issue is "overblown," as the "mere action of seeking enhancements to financial disclosure does not equate to a questioning of the financials or the accounting." Deutsche Banc Alex. Brown's James Dobson also came to Calpine's defense. He said Wednesday's declines were "unwarranted," since the company reiterated an ongoing effort to improve financial transparency. "Importantly, we remain confident that the accounting, liquidity and viability concerns surrounding Calpine are overblown by the market," Dobson said in a note to clients.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next