This is worth reading:.................................
The Inside Wall Street column in this week's Business Week had positive things to
say about ACTV (IATV:Nasdaq), Wells Fargo (WFC:NYSE) and 3Com
(COMS:Nasdaq).
The column says ACTV could attract more interest because of its e-commerce and
interactive television technology. Shares were up 1 1/8, or 7%, at 17 1/16.
Wells Fargo, not normally an Internet play, receives mention because of its Internet
operations. A money manager quoted in the article says Wells has more online
bankers than any other bank, including stand-alone Internet banks. But, despite this
acclaim, shares of Wells Fargo were lately down 1, or 2%, at 42 3/8, likely the result
of interest-rate fears.
3Com is mentioned as a potential takeover target -- certainly not fresh news, and this
is anything but a scoop for the column's author, Gene Marcial. The column quotes
Mike Murphy, editor of the California Technology Stock Letter, as saying 3Com will
be taken over at 40 to 50 a share by year-end or sooner. But Murphy has been touting
3Com as a takeover target for some time. In a Jan. 12 article in the Los Angeles
Times, Murphy was quoted as saying he expected Lucent (LU:NYSE) to make a bid
for 3Com. 3Com was up 2 1/8, or 8%, at 28 11/16. |
