Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (19364)	8/11/1999 1:07:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 43080

I raised this question before...they said they we're doing it off shore....I just figured they were lying....where do they get their shares? From off shore longs?

To: tom pope who wrote (19364)	8/11/1999 1:12:00 PM
From: Jeff Jordan	Respond to of 43080

Colt Is Bullish As Sales Leap 119 Pct Click on our sponsors! Updated 11:10 AM ET August 11, 1999 By Kirstin Ridley LONDON (Reuters) - British stock market darling Colt Telecom Group Plc said Wednesday booming Internet and data services helped propel sales almost 120 percent higher in the first six months of the year. Colt, which is rolling out a high-speed, pan-European network for advanced, corporate telecoms services, said turnover leapt to 179 million pounds ($288 million) from 81.7 million as pre-tax losses widened to 49.8 million from 22.15 million. "Our financial performance reflects the strength in demand for our services across Europe -- especially demand for high bandwidth, data and Internet related services -- combined with our expansions into new markets," the company stated. Colt, whose rocketing share price since its listing around two years ago has earned it a place in London's top FTSE 100 index despite its lack of profits, has started telecoms services in 18 European cities in nine countries. It plans to be providing services in up to 26 cities by the end of 2000. For the first time, more than half Colt's turnover was generated outside Britain as Colt installed more than 1,500 route kilometers of network. Although analysts do not expect pre-tax profits before 2002, the company has won the respect of the market by consistently meeting roll-out targets. Its operations are also becoming cash flow positive on the continent. The group's shares -- which by Tuesday had shed 24 percent from record highs earlier this month amid interest rate concerns -- were trading 5.3 percent, or 63 pence, higher at 12.65 pounds by 1430 GMT. "These figures are bang in line with our expectations," said ABN AMRO Hoare Govett telecoms analyst Andrew Moffatt. But some analyst warn that Colt's heady valuation already discounts significant cash generation that returns from city operations are likely to be lower than those already coming in from the financial centers of London, Paris or Frankfurt. "It's a great company doing all the right things but its valuation is ahead of the underlying fundamentals," noted one. Salomon Smith Barney has reinitiated coverage of the stock with a "high risk, buy" rating and a 12-month share price target of 19 pounds. Fujitsu-Siemens PC Venture Seen Snarled (Previous story) U.S., Microsoft Face Off In New Filings (Next story)