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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (26713)	11/11/1999 5:27:00 PM
From: Currency	Respond to of 108040

WRDP NEWS! AND IT'S HUGE. GETTING $573 million buckeroos! Energis to Buy Worldport's EnerTel for 352 Mln Pounds London, Nov. 11 (Bloomberg) -- Energis Plc, Britain's largest carrier of Internet traffic, said it will buy Dutch telecommunications network operator EnerTel NV from Worldport Communications Inc., for 352 million pounds ($573 million) in its second acquisition outside the U.K. The purchase price includes 19 million pounds in debt. Energis will sell 14.7 million new shares in a private placement with investors and arrange bank loans to pay for the purchase. At yesterday's closing price for Energis, the share sale would raise 316 million pounds. EnerTel offers voice, data, video and Internet services to businesses through its 1,200-kilometer Dutch fiber-optic network and connections to other European countries. It competes with former monopoly Royal KPN NV and others. It's Energis' second Dutch acquisition and the second outside its U.K. home, having bought Unisource Carrier Services in August for 60 million pounds. ''It's really a mini-Energis, with a similar business focus,'' said Mike Grabiner, chief executive of Energis. ''EnerTel will make us the leading alternative telecom operator in Holland.'' Energis shares rose as much as 91 pence or 4.2 percent to 2,240, helped by British Telecommunications Plc, which climbed to a record after reporting higher second-quarter earnings. Rotterdam-based EnerTel's revenue for the nine months ended Sept. 30 was 28 million pounds after bringing in 17 million pounds in sales in all of 1998. EnerTel, whose customers include Europe's No. 3 computer-services company Getronics NV and Internet service provider Excite At Home Corp., earned 1.3 million pounds before interest, tax, depreciation and amortization in the first nine months. The European market for business telecommunications is expected to grow to 110 billion pounds in 2003 from 90 billion in 1997, Energis said, citing research from Schema. The Dutch business telecommunications market is worth 2.3 billion pounds and growing at 8 percent a year, the company said. Cash Needed Energis got a good price for EnerTel because Worldport needed to sell quickly to repay a $100 million loan due Nov. 18, Grabiner said. EnerTel was one of few assets left to Worldport, which shut most of its U.S. operations in August, including its Atlanta headquarters, after it was delisted from the Nasdaq SmallCap Market and failed to pay back the loan. EnerTel, which had attracted 10 bidders, was cheap when compared with Dutch network operator VersaTel Telecom International NV, Grabiner said. VersaTel has a market capitalization of 1 billion euros ($1.04 billion) and lost $10 million before interest, tax, depreciation and amortization in 1998. VersaTel's business is similar to Energis' and EnerTel's, though focused on small and medium-sized businesses. ''Worldport needed to sell,'' Grabiner said in an interview. ''Compared with VersaTel, it's well beneath the traditional ratios.'' Energis said in a statement it ''continued to grow strongly in the current financial year'' and earnings are developing in line with its expectations. The London-based company will report fiscal first-half earnings on or about Nov. 23. Dresdner Kleinwort Benson advised Energis and is managing the share sale, which will start tomorrow. Salomon Smith Barney advised EnerTel. The acquisition is expected to be completed within two months.

To: $Mogul who wrote (26713)	11/11/1999 6:31:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 108040

CNQR trading after hours above $40...VIXL much stronger due to similar IPO(Finisar) tomorrow......I guess if Finisar explodes,then VIXL is worth a lot more...check out VIXL's trading volume today.

To: $Mogul who wrote (26713)	11/11/1999 6:35:00 PM
From: Rick McDougall	Respond to of 108040

I was hoping for $47.50 but will settle for $40.00:). BTW, have you given up on clic?..I dumped today at a loss. Am still holding ppro from the 30's.....Rick

To: $Mogul who wrote (26713)	11/11/1999 6:44:00 PM
From: gizmo&jack	Respond to of 108040

Would rather be buying CMDX than CNQR. I guess you may want to diversify, but CNQR reported a horrible last quarter and seems risky while CMDX is an absolutely stellar 1st tier B2B stock, clearly of the same caliber as CMRC, ARBA, and PPRO (actually better than PPRO imo).

To: $Mogul who wrote (26713)	11/11/1999 6:54:00 PM
From: mike machi	Read Replies (1) \| Respond to of 108040

Thursday, November 11, 1999 - 3:27 PM PT SBA Communications Corporation Reports Record 3rd Quarter Results 11/11/99 2:31:00 PM Source: PR Newswire BOCA RATON, Fla., Nov. 11 /PRNewswire/ -- SBA Communications Corporation (Nasdaq: SBAC) ("SBA") announced its financial condition and results of operations for the third quarter ended September 30, 1999. Total revenues for the quarter increased 85.1% to $24.6 million from the third quarter of 1998, due to both higher site leasing revenue and site development revenue. The quarterly revenues were the highest in the company's history. Site leasing revenue increased to $7.1 million for the quarter, also a record for the company, and a 113.6% increase over the third quarter of 1998. Gross profit for the quarter increased 130.7% to $7.7 million from the third quarter of 1998, due to higher site leasing and site development gross profit. Site leasing gross profit, or tower cash flow, increased to $3.9 million for the quarter, again a record for SBA and a 174.9% increase over the third quarter of 1998. Earnings before interest, taxes, depreciation, amortization and non- cash compensation charges (EBITDA) for the quarter increased to $3.0 million from a loss of ($0.9 million) in the same period last year. As of the end of the quarter, SBA owned 956 towers, compared to 494 towers owned as of December 31, 1998. In addition, SBA experienced a record number of new tenant additions to its tower portfolio in the quarter. On a pro forma basis, same tower revenue increased 31% from September 30, 1998 to September 30, 1999. "The third quarter was a very successful quarter for us," commented Steven E. Bernstein, Chief Executive Officer, "and was a continuation of the strong operational execution and financial performance we have enjoyed all year. We added a record number of towers to our portfolio, and enjoyed many synergies between our site development and site leasing businesses which resulted in record quarterly revenue, gross profit and EBITDA. We are well-positioned for continued growth. There remain an abundance of opportunities to add quality tower assets and the demand for our services is very strong. Most importantly, we are enjoying great success in adding new tenants to our towers. Demand from wireless voice carriers is very high, and we are starting to see increased activity from the newer wireless technologies. We believe our portfolio of mostly newly built, high capacity towers, in locations specifically selected by us, will continue to have very good lease-up." SBA is a leading independent owner and operator of wireless communications infrastructure in the United States. SBA generates revenue from two primary businesses -- site leasing and site development services. The primary focus of the company is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. Since it was founded in 1989, SBA has participated in the development of over 13,000 antenna sites in the United States. At September 30, 1999, SBA was involved in projects for over 700 new tower builds throughout the nation and had agreements to acquire 63 additional existing towers in 14 separate transactions for an aggregate purchase price of $19.1 million, representing a 13.1 times multiple of current tower cash flow. These acquisitions are anticipated to close by March 31, 2000. SBA will host a conference call Friday, November 12 at 10:00 a.m. Eastern Time to discuss its financial results for the quarter ended September 30, 1999. The conference call number is 800-230-1092.

To: $Mogul who wrote (26713)	11/11/1999 10:52:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 108040

Good article on AETH's arena.....Ameritrade (AMTD: news, msgs), E-Trade (EGRP: news, msgs), J.B. Oxford (JBOH: news, msgs), Morgan Stanley Dean Witter Online (MWD: news, msgs), the former Discover Direct, are among the Net brokerages with wireless trading offerings, some with services provider Aether Systems (AETH: news, msgs). Charles Schwab (SCH: news, msgs) is expected to begin offering the capability in the next quarter. After this column was first posted, industry consultant Alan Reiter of Wireless Internet & Mobile Computing pointed out that the U.S. is behind European countries and Hong Kong in particular in wireless applications for financial services. There's plenty of room to grow, he said. cbs.marketwatch.com Post QP ML recommendation on Monday would put the icing on the cake...hoping