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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (46033)	1/23/2001 12:44:50 AM
From: ekn	Read Replies (1) \| Respond to of 57584

STRX is going to breakout tomorrow--passing its 50 day ma will break 50 day moving average tomorrow and breakout. finance.yahoo.com biz.yahoo.com companysleuth.com In a related action, STAR's board elected Brett S. Messing to the position of chairman, chief executive officer and president; Paul Vogel to STAR's board of directors; Allen Sciarillo to the position of chief financial officer; and Timothy F. Sylvester to the position of executive vice president-General Counsel. Messing served as the chief executive of InterPacket Networks Inc., a Santa Monica-based provider of Internet services via satellite, until its acquisition by a subsidiary of American Tower Corp. (NYSE:AMT - news) on Dec. 29, 2000. Messing previously served as a senior vice president at Merrill Lynch and a vice president at Goldman Sachs & Co. Vogel is a founder and principal of Atlantic Investors, a real estate investment firm, and an active consultant to Goldman Sachs & Co. Sciarillo served as chief financial officer for InterPacket Networks until its acquisition by a subsidiary of American Tower Corp. on Dec. 29, 2000. He previously served in senior finance positions in the telecommunications industry. Sylvester served as executive vice president-Business and Legal Affairs for InterPacket Networks until its acquisition by a subsidiary of American Tower Corp. on Dec. 29, 2000. He was previously a principal at Riordan & McKinzie, a law firm in Los Angeles. Messing will immediately commence a thorough review and analysis of STAR's various businesses and operations. ``While this has been a remarkably difficult year for telecommunications companies, I believe that STAR has assembled a terrific collection of assets that are not properly reflected in its stock price,'' said Messing. ``STAR's core business units are healthy, and we believe that our cost-cutting program will result in a return to profitability. We intend to dispose of business units that do not contribute to our bottom line.'' Income Statements Sales (ttm) $1.02B EBITDA (ttm) -$2.31M Income available to common (ttm) -$54.3M Market Capitalization $30.3M Shares Outstanding 58.7M Float 25.8M