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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Mad2 who wrote (3232)	11/21/2000 4:10:52 PM
From: RockyBalboa	Respond to of 3543

ok...but now? They can't feed them until they are fat. What about MRCHfirst (old USWB/CKS)? $1.50 and trading like PSIX/PILT/COVD etc.... Looks like the new mission is: Bring all stocks downto $1...

To: Mad2 who wrote (3232)	11/21/2000 4:36:24 PM
From: RockyBalboa	Respond to of 3543

Mad2, new spin: As reported earlier, consumer demand for Quicken and QuickBooks in the year-ago quarter was exceptionally strong due to Y2K purchases, which has contributed to slower revenue growth in the first quarter of fiscal 2001. First Quarter Results Intuit reported revenue of $187.5 million for the first quarter of fiscal 2001, an increase of 6 percent compared to $176.9 million in the first quarter of fiscal 2000. Revenue growth resulted primarily from three factors: -- A 49 percent increase in payroll revenue; -- $5.1 million in new QuickBooks Internet Gateway revenue; and -- A 53 percent increase in Intuit funded online mortgage revenue.

To: Mad2 who wrote (3232)	11/21/2000 8:23:23 PM
From: RockyBalboa	Respond to of 3543

_

To: Mad2 who wrote (3232)	11/21/2000 8:23:23 PM
From: RockyBalboa	Respond to of 3543

(deleted)

To: Mad2 who wrote (3232)	11/21/2000 8:23:23 PM
From: RockyBalboa	Respond to of 3543

(deleted, double post)

To: Mad2 who wrote (3232)	11/21/2000 8:23:23 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 3543

Telekom Austria Scurrile Hooplas A stock exchange course [an initial public offering, ed.]on two continents to execute at the same time, even no simple thing this is for professionals. The OEIAG afforded with the largest transaction of its history however some particularly scurrile mistakes. The most important moment in a stock exchange emission is the publication of the issue price. At the Telekom Austria (TA) occurred this on a Sunday evening in one send New York restaurant, where the journalists and owner representative did not understand a word because of the noisy music. OEIAG state control expert Wilhelmine Goldmann wrote the number of nine [E9] on a napkin and circulated it around the desk. Some though, read the paper wrong around and already thought the TA share will cost only six euro . Explanations concerning this decision were available on the following day. OEIAG executive committee Johannes Ditz announced his press conference [scheduled] for 13 o'clock in another New Yorker restaurants, but he arrived with a half hour delay. Because of the timeshift therefore, the deadline of many Austrian newspapers has been missed. They had it still better than the international media. The OEIAG arrived with large "Trara" on the New Yorker stock exchange, in order to prove their internationality, however no English-language press release was available [laughs]. The few international financial journalists who wanted to write about the TA, had translated the German press text by Viennese agency colleague. (ef, the STANDARD, print output 22,11,2000)

To: Mad2 who wrote (3232)	11/21/2000 8:50:24 PM
From: RockyBalboa	Respond to of 3543

Telekom Austria 20.11.2000 19:18 MEZ Dangerous stock exchange play The " people's share " Telekom Austria can finally ruin the Viennese stock exchange, too on 10 March of this year Federal Chancellor Wolfgang dish was still felsenfest [absolutely] convinced, that the new law for the acquisition by the state getting thing OEIAG was a " [huge] possibility for professionals in denationalizing in the context of the market conditions. No humans will say to the OEIAG executive committee from the policy, you must now sell." Rudolf Streicher, general manager of the OEIAG, saw on Monday already a little more differentiated: The point of time of the privatisation of the Telekom Austria (TA) was not adjustable, particularly since, according to government job the TA must be denationalized in this government period to 100 per cent. The result of the first TA stock exchange course is disappointing: Instead of estimated 120 to 130 billion of the Austria former monopolist by the international financial markets, with now sleek 64 billion Schilling, the Minister of Finance may take in for the first Tranche of 25,8 per cent only 15.9 billion . In addition the Italian partner, which bought two years ago much more expensive, had to be calmed down with a share gift of almost three billion . To the comparison: The German Telekom, based on the domestic customer potential approximately ten times as largely as the Telekom Austria, is worth presently 1631 billion Schilling - thus the 26fold. And with 296 billion Schilling comparable Swiss Swisscom is also still four and one-half times more worth than the Austria stock exchange beginner. It would be, however, too easy to attribute the bad start of the " people's share " solely to the up-to-date bad basic conditions at the stock exchanges. The timing was bad, but the preparation of the enterprise on the stock exchange course in Vienna and New York was still worse. The secret hope of the politicians of Austria, that the investors don't notice that an enterprise completely financially robbed by the state comes to the stock exchange, did not live up. Already toward end of the seventies-years "special dividends" came into fashion, amounts of billion, which the post office & Telekom Austria at that time naturally never earned, but nevertheless had to dole out to the Minister of Finance. Thanks to the special dividends, over 110 billion debts, which were later divided on the occasion of the separation from post office and Telekom, added up and constitutes a part of the debt mountain of the OEIAG to date . While other Telekom enterprises could use proceeds from stock exchange issues for investments and foreign purchases, the Telekom gets no dime, but must pay back the debts of former Ministers of Finance. About acquisitions is not to be thought at all, and in such a way dull and grey also looks the " Investment Story ", which is set to energize investors to the purchase. The fact that a stock exchange candidate must finance billion-investments for a modern glass fiber network by bank loans made probably many investors concerned, while, at the same time, competitors with full war chests show off. Like that it is not a miracle that also very prominent fund managers in the discussion with STANDARD admit, on short term profits on exchange to speculate (of " Austria banks will by devil come there raus to support to have ") and on a long-term basis rather on German Telekom or France Télécom to set. For the Viennese stock exchange could have fatal following: Very many kleinanleger invested with the Telekom Austria for the first time in shares. Rise some large funds after starting gains out, could fall the course soon under the emission level, and then many will probably lose the share A riser the nerves and will also step out. The topic shares and the next emissions of the OEIAG are to be forgotten then on long time. OEIAG boss Streicher hopes that the next Tranche of the TA runs better. That is to be required Austria. To occur there however nothing more may. (Michael Moravec, the standard, print output, 21,11,2000)

To: Mad2 who wrote (3232)	11/21/2000 8:50:24 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 3543

Telekom Austria 20.11.2000 19:18 MEZ Dangerous stock exchange play The " people's share " Telekom Austria can finally ruin the Viennese stock exchange, too on 10 March of this year Federal Chancellor Wolfgang dish was still felsenfest [absolutely] convinced, that the new law for the acquisition by the state getting thing OEIAG was a " [huge] possibility for professionals in denationalizing in the context of the market conditions. No humans will say to the OEIAG executive committee from the policy, you must now sell." Rudolf Streicher, general manager of the OEIAG, saw on Monday already a little more differentiated: The point of time of the privatisation of the Telekom Austria (TA) was not adjustable, particularly since, according to government job the TA must be denationalized in this government period to 100 per cent. The result of the first TA stock exchange course is disappointing: Instead of estimated 120 to 130 billion of the Austria former monopolist by the international financial markets, with now sleek 64 billion Schilling, the Minister of Finance may take in for the first Tranche of 25,8 per cent only 15.9 billion . In addition the Italian partner, which bought two years ago much more expensive, had to be calmed down with a share gift of almost three billion . To the comparison: The German Telekom, based on the domestic customer potential approximately ten times as largely as the Telekom Austria, is worth presently 1631 billion Schilling - thus the 26fold. And with 296 billion Schilling comparable Swiss Swisscom is also still four and one-half times more worth than the Austria stock exchange beginner. It would be, however, too easy to attribute the bad start of the " people's share " solely to the up-to-date bad basic conditions at the stock exchanges. The timing was bad, but the preparation of the enterprise on the stock exchange course in Vienna and New York was still worse. The secret hope of the politicians of Austria, that the investors don't notice that an enterprise completely financially robbed by the state comes to the stock exchange, did not live up. Already toward end of the seventies-years "special dividends" came into fashion, amounts of billion, which the post office & Telekom Austria at that time naturally never earned, but nevertheless had to dole out to the Minister of Finance. Thanks to the special dividends, over 110 billion debts, which were later divided on the occasion of the separation from post office and Telekom, added up and constitutes a part of the debt mountain of the OEIAG to date . While other Telekom enterprises could use proceeds from stock exchange issues for investments and foreign purchases, the Telekom gets no dime, but must pay back the debts of former Ministers of Finance. About acquisitions is not to be thought at all, and in such a way dull and grey also looks the " Investment Story ", which is set to energize investors to the purchase. The fact that a stock exchange candidate must finance billion-investments for a modern glass fiber network by bank loans made probably many investors concerned, while, at the same time, competitors with full war chests show off. Like that it is not a miracle that also very prominent fund managers in the discussion with STANDARD admit, on short term profits on exchange to speculate (of " Austria banks will by devil come there raus to support to have ") and on a long-term basis rather on German Telekom or France Télécom to set. For the Viennese stock exchange could have fatal following: Very many kleinanleger invested with the Telekom Austria for the first time in shares. Rise some large funds after starting gains out, could fall the course soon under the emission level, and then many will probably lose the share A riser the nerves and will also step out. The topic shares and the next emissions of the OEIAG are to be forgotten then on long time. OEIAG boss Streicher hopes that the next Tranche of the TA runs better. That is to be required Austria. To occur there however nothing more may. (Michael Moravec, the standard, print output, 21,11,2000)