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.

Technology Stocks : Nuevo Grupo Iusacell (CEL) -- Ignore unavailable to you. Want to Upgrade?

To: Nancy Haft who wrote (20)	12/9/1999 3:31:00 PM
From: Rob Preuss	Respond to of 206

I wish I'd bought more too. Clearly, my job is interfering with my investing<g>. BTW> I discounted that $19 price target for Year-End 2000. They must have meant to say $19 for Yead-End 1999. I expect this to be well into the 30's by Dec'00. Rob

To: Nancy Haft who wrote (20)	12/9/1999 5:42:00 PM
From: Rob Preuss	Respond to of 206

Mexico's Iusacell places $350 mln senior notes Thursday December 9, 5:06 pm Eastern Time MEXICO CITY, Dec 9 (Reuters) - Mexico's No. 2 cellular telephone company, Nuevo Grupo Iusacell SA de CV (NYSE:CEL), said it placed $350 million in seven-year senior notes with a 14.25 percent coupon on Thursday. The issue was increased from a $225 million offering that was originally planned. Chase Manhattan and Salomon Smith Barney were joint lead managers on the notes, which carried a price of $100. The coupon and the yield were both 14.25 percent, said a source at Salomon Smith Barney. The notes, which have not been registered under the U.S. Securities Act of 1933 cannot be offered or sold in the United States, have been rated B1 by Moody's Investors Service and B+ by Standard & Poor's Corp, Iusacell said in a statement. Iusacell said that approximately $134 million of the net proceeds would be placed in a security account to pay the first six semi-annual interest payments. ``The remaining proceeds will be used primarily to fund recent capital expenditures, future investments in Iusacell's existing cellular operations, as well as for general corporate purposes,' the Iusacell statement said. ``These investments allow the company to expand digital network capacity, increase coverage and better meet customer's requirements for quality service,' the company said. Iusacell originally planned to sell the bond in October but postponed the issue after major shareholder Bell Atlantic (NYSE:BEL) said it was considering a shake-up of the company's ownership structure. Iusacell is the main rival to Mexico's leading cellular firm Telcel, a division of Telefonos de Mexico (Telmex) (NYSE:TMX). With booming growth in cellular users in Mexico this year, wireless phone networks have found their existing systems crammed with an overload of calls. Mexico's telecommunications regulator, the Federal Telecommunications Commission, has pressured cellular phone companies to expand their networks.

To: Nancy Haft who wrote (20)	12/13/1999 12:09:00 PM
From: Rob Preuss	Respond to of 206

RESEARCH ALERT - Iusacell cut Monday December 13, 11:41 am Eastern Time NEW YORK, Dec 13 (Reuters) - Dresdner Kleinwort Benson said Monday that it cut its rating on Mexico's Grupo Iusacell (NYSE:CEL) to add from buy and set a price target of $17 in light of the recent bond sale. -- said it sees some profit-taking at these levels and thinks investors should begin to take caution considering that the terms of the company's bond offering were not as accommodating as expected. -- said still believes in the company's story of top line growth as it fights for a national footprint. -- its ADRs were last up 1/8 at 15-7/8.

To: Nancy Haft who wrote (20)	12/13/1999 2:12:00 PM
From: Rob Preuss	Read Replies (1) \| Respond to of 206

Mexico cellphone firm Iusacell stock plummets Monday December 13, 2:01 pm Eastern Time MEXICO CITY, Dec 13 (Reuters) - Mexico's No. 2 cellphone company Nuevo Grupo Iusacell skidded 12.82 percent on the bolsa Monday as the company corrected from last week's steep gains and was hurt by a downgrade on its stock, traders said. Iusacell V shares eased 2.18 pesos to 14.82 pesos while its ADRs (NYSE:CEL - news), or American Depositary Receipts, fell 1/8 to 15-5/8 on Wall Street. Last Thursday, Iusacell shares jumped 25 percent after Morgan Stanley Dean Witter said the company was its top pick in the Latin American wireless sector and set a new end-2000 target price of $19 for the firm's ADRs from previous $16.50. Iusacell was also boosted by news it had placed $350 million in seven-year senior notes. The issue was increased from $225 million originally planned. ``It's a natural market correction ... on Thursday we had a very sharp increase and new life-high at 17 (pesos) and besides it didn't trade Friday on the local market,' said one trader. Iusacell is not traded every day on the Mexico City exchange as the stock is not very liquid.