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To: Terry D who wrote (8970)5/18/2000 3:40:00 PM
From: Perry P.  Respond to of 9236
 
More general news:

Telecom stocks in broad-based retreat
Opposition to WorldCom-Sprint deal pressures sector

By Jeffry Bartash, CBS.MarketWatch.com
Last Update: 12:17 PM ET May 18, 2000 NewsWatch
Latest headlines

NEW YORK (CBS.MW) - Shares of telecommunications equities were mostly lower on Thursday, pressured in part by reports that U.S. regulators are prepared to block the $115 billion merger of Worldcom and Sprint.

Losses were concentrated among the local phone carriers, the major long-distance carriers and the older equipment makers.

Heading the retreat were WorldCom (WCOM: news, msgs), down 1 3/8 to 40 5/8; Sprint (FON: news, msgs), off 1 3/4 to 56 1/4; AT&T (T: news, msgs), which lost 1 1/16 to 37 1/16; Cisco Systems (CSCO: news, msgs), which fell 1 7/8 to 56 1/8; and Alcatel (ALA: news, msgs), 1 15/16 lower to 50 1/4.

WorldCom and Sprint were stung by reports that the U.S. Justice Department is moving to block their merger. See related story. That added to the selling of telecom stocks amid a dearth of other industry news.

Several sectors stood out, including satellite carriers, independent suppliers of high-speed Internet service over copper phone lines and newer equipment developers that supply gear used to support the Internet.

Standouts included Nextel Communications (NXTL: news, msgs), Aware (AWRE: news, msgs) and Covad Communications (COVD: news, msgs), which surged for the second day in a row on talk that growth is set to explode. Covad jumped 2 1/4 to 26 1/4 in recent trading. See related story.

Also rising was CFW Communications (CFWC: news, msgs). Shares soared nearly 17 percent after the telecom carrier agreed to acquire R&B Communications and PrimeCo?s digital wireless operations in Virginia.


Perry P.



To: Terry D who wrote (8970)5/18/2000 3:46:00 PM
From: Scrapps  Respond to of 9236
 
Ah...I see. Thought you were indicating it came out in the CC. ADI set out to do their own software about 2 years back, but as yet nothing has come about...thus far, which cuts into the AWRE relationship.

Also I've since read the full Warburg release. It very clearly says it should not be a problem for AWRE considering AWRE's other customers who will pick up any slack.



To: Terry D who wrote (8970)5/18/2000 3:57:00 PM
From: Scrapps  Read Replies (1) | Respond to of 9236
 
The last question it had to be. <g> The answer was the ADI built-in ability for them to place their own software on the product would be complimentary and not substitutional to AWRE's. He also said they see a long relationship ahead with AWRE. It doesn't seem bad to me.

Good luck and see you soon in the triple digits. <gg>