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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (9703)2/21/2001 6:32:57 PM
From: hobo  Read Replies (1) | Respond to of 10876
 
Received this e-mail (via Schwab):

Internet Daily for Wednesday, February 21, 2001
by Frank Barnako CBS MarketWatch.com

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Amazon, dot-coms on credit watch

Suppliers are reported growing nervous about the business
prospects for Amazon.com and tightening credit and payment terms for the company. The Washington Post said publishers,
manufacturers and distributors are no longer confident about assurances from Amazon.com chairman Jeff Bezos that "The company has never been in better shape." Insurance companies are also cutting back or becoming unwilling to write policies covering goods delivered to dot-coms, including Amazon, the Post reported.

An executive at an electronics distributor was quoted saying, "We've got the rope very tight on Amazon and all the other e-commerce accounts. We've no idea who's going to stay in business and who isn't."

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Go.com details shutdown changes

The Walt Disney Co.'s Go.com has posted information on the site explaining how registered users will be affected when it is closed. Free e-mail accounts will be offered through other Disney sites and message boards will also shift. A link on the site gives users more information about the changes, and includes assurance personal information collected at the site will not be sold to other parties.

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$5 billion buys 112 Web companies

Whether it was bargain hunting or speculation or consolidation, 112 Internet companies changed ownerships in January in deals worth $5 billion. "The Internet sector saw more than two weddings for every funeral," said Tim Miller, chairman of Webmergers.com. He added at least 49 Internet companies closed their doors, estimating the companies had run through $1.5 billion in investment. Miller said struggling Web companies could avoid shutdown by planning. We advise startups to begin planning for M&A as an exit option from the very beginning, at the business plan stage," he said.

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For late-breaking market news you can't afford to miss, go to cbs.marketwatch.com

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Not a good day for me at all... although I managed to re load short calls on SUNW NTAP and BVF

Tomorrow will be a most interesting day... good trading to everyone