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A Slew of IPOs Due Next Week
by Craig Bicknell
2:10 p.m. 21.May.99.PDT
Last Thursday, eToys quadrupled in its first moments on the market. Friday, online retailer Fashionmall.com inched up briefly in its market debut but ended the day right back where it began.
Are retail investors growing fickle in their affection for new Net stocks?
Barnesandnoble.com tops the list of the dozen or so Net companies that will find out next week.
wired.com
Move Over, Pork Bellies
by Joanna Glasner
12:00 p.m. 20.May.99.PDT
Enron Communications, the telecom unit of energy provider Enron, said Thursday that it will develop a marketplace for trading bandwidth, a move that could change the way companies buy and sell telecommunications services.
Enron (ENE) plans to begin selling contracts for high-speed Internet connections between New York and Los Angeles, and between Washington and the San Francisco Bay Area -- two of the most heavily trafficked
wired.com
ADC Telecom tops target; earnings up 31%
By Cecily Fraser, CBS MarketWatch
Last Update: 6:07 PM ET May 21, 1999
MINNEAPOLIS (CBS.MW) -- Shares of ADC Telecommunications climbed Friday after the company said its second-quarter earnings jumped 31 percent, surpassing analysts' expectations.
The supplier of voice, video and data systems supplier said it earned $45 million, or 32 cents a share, increasing from $34 million, or 25 cents in the year-ago period.
Analysts surveyed by First Call expected ADC (ADCT: news, msgs) to post a profit of 30 cents a share.
Shares closed up 2 15/16 to 50 1/4 on volume of more than 2.9 million shares.
ADC's systems allow for local access and high-speed transmission of communications services over fiber-optic, copper, and wireless media.
cbs.marketwatch.com
Sunday May 23 1:56 AM ET
Wall St. Heading Into A Long, Hot Summer
NEW YORK (Reuters) - Wall Street is getting ready for a long, hot summer with consensus growing that the sizzling economy will send interest rates higher before Labor Day.
With the Dow finally showing signs of pausing after its run on 10,000 and then a month later 11,000, technology stocks down from their highs and big-cap stocks looking expensive, many on Wall Street think some kind of summer slump is inevitable.
After the Federal Reserve's disclosure that it is now leaning toward an interest rate increase, many analysts say a move is likely to come sooner rather than later.
dailynews.yahoo.com
May 19, 1999
United States begins inspections of suspected
nuclear weapons site in North Korea
On May 18, a 14-member team of U.S. nuclear specialists arrived in North Korea to begin inspections of a suspected underground nuclear weapons site. Reports of the suspected site, which first surfaced in August 1998, had been a source of growing tension between the two country's.
According to the Washington Post (May 19), U.S. analysts do not think the inspectors will find any evidence of a nuclear weapons program because North Korea "has had sufficient time to remove whatever incriminating evidence may have been at the site.
bullatomsci.org |
