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To: SecularBull who wrote (152488)1/27/2000 10:45:00 PM
From: MikeyT  Respond to of 176387
 
Better of investing in nickel.



To: SecularBull who wrote (152488)1/27/2000 10:48:00 PM
From: stockman_scott  Respond to of 176387
 
~OT~ LoF: It seems like good old Janus is getting a healthy dose of fiber in its diet <G>. According to a passage in this article they are now the world's largest owner of Nokia shares..!! Regards, Scott
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<<Thursday January 27, 10:02 pm Eastern Time
FOCUS-Healtheon gets $930 million Janus investment
By Angela Moore

NEW YORK, Jan 27 (Reuters) - Janus Capital Corp., one of the fastest-growing U.S. fund managers, has agreed to invest $930 million to buy 9 percent of Healtheon/WebMD Corp., which is seeking to become a dominant force in the use of the Internet for health-care transactions.

The announcement is the latest in a dizzying series of moves by Healtheon/WebMD (NasdaqNM:HLTH - news) to set up partnerships and financing and become the key Online link connecting doctors, patients, drug companies, insurers and other health services companies.

Denver-based Janus, which manages about $250 billion in assets through 42 retail, institutional or offshore funds, will buy 15 million Healtheon/WebMD shares at $62 each in a private transaction. The investment was made on behalf of Janus' mutual funds, it said, without specifying the funds.

Wall Street gave the announcement a thumbs-up. Healtheon/WebMD shares closed up 4-3/4 at 71-1/16 on the Nasdaq stock market.

''It certainly lends a lot of credibility, to get a marquee buy-side firm like that to step up and invest that much money in the firm,'' said Jeffrey Peters, an analyst with Dain Rauscher Wessels.

Separately, Healtheon/WebMD said on Thursday it had completed a previously announced $1 billion programming and marketing deal with News Corp. Ltd. (Australia:NCP.AX - news) (NYSE:NWS - news) Under the terms of the deal, the huge media conglomerate will take a 10.8 percent stake in the company.

Proceeds from the Janus deal will fund part of Healtheon/WebMD's $2.5 billion acquisition of Envoy Corp., the electronic transaction unit of Quintiles Transnational Corp. (NasdaqNM:QTRN - news).

The move by Janus is its latest investment in the technology sector. The fund manager is the largest shareholder in Nokia Corp. (NYSE:NOK - news), the world's biggest mobile phone maker, with a 6.5 percent stake.

''This (Healtheon/WebMD) is a company that is essentially trying to get itself in the center of information flow in the entire health-care delivery system,'' said Brian Kearns, an analyst with Banc of America Securities.

''The Envoy deal is a very strong strategic positive for the company, and it gets them closer to the point of critical mass, at which they can't be ignored and everybody in the health-care industry is going to have to pay attention to them and play ball with them,'' he said.

On Tuesday, medical device maker Medtronic Inc. (NYSE:MDT - news) said it was forming a $100 million, four-year partnership with Healtheon/WebMD to provide online health-care information.

The company also announced on Thursday that it was launching the WebMD Sports & Fitness Channel with HealthSouth Corp. (NYSE:HRC - news) at my.webmd.com.

The companies said the channel was designed for consumers who participate in recreational activities, as well as those who are injured and require rehabilitation.

HealthSouth is a provider of outpatient surgery and rehabilitative and diagnostic health-care services. Financial terms of the deal were not disclosed.

Healtheon/WebMD, whose corporate headquarters is in Atlanta and whose technology headquarters is in California's Silicon Valley, was formed in November from the mergers of Healtheon Corp., WebMD Inc., MEDE America and Medcast.>>

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FYI: Nokia seems to be firing on ALL 8 cylinders...

<<FINLAND: NOKIA'S PROFIT SEEN GROWING BY 51% IN 1999.

27-Jan-2000

Nokia's profit is expected to grow by 51% to EUR 3.71bn in 1999, according to a poll of analysts conducted by Kauppalehti and Sweden's SIX Market Estimates (SME).

The analysts expect final-quarter sales at Nokia Mobile Phones, the company's handset unit, to rise by 54% to EUR 4.16bn. They said mobile phone sales figures depended on how Nokia had overcome the shortage of components. One analyst said that if Nokia, as the biggest buyer in the market, had managed to buy larger volumes of components than its competitors, sales volume growth and relative profitability of the mobile phone unit would be surprisingly good.

Nokia is to announce its 1999 results on 1 February.

Source: Finnish daily business and financial newspaper KAUPPALEHTI today 2000-01-27>>