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Technology Stocks : Nuevo Grupo Iusacell (CEL) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (94)	3/23/2001 2:58:49 PM
From: Rob Preuss	Respond to of 206

[Deutsche Banc starts Iusacell at Market Perform] Friday March 23, 12:01 pm Eastern Time RESEARCH ALERT-Deutsche Banc starts Iusacell MEXICO CITY, March 23 (Reuters) - Deutsche Banc Alex. Brown financial analyst Ronald Aitken said on Friday he was initiating coverage of No. 2 Mexican wireless telecommunications company Grupo Iusacell (NYSE:CEL - news) with a market perform rating. In a report, Aitken said: -- Our cautious stance on the stock primarily reflects our expectations of continued negative market sentiment toward the sector, intensifying competitive forces in the Mexican wireless market and unattractive valuation comparisons. -- Despite the company's slower growth, contract customer- focused strategy, Iusacell's profitability level has not outperformed the sector average. -- Iusacell's valuation multiples are also not compelling, in our view. Based on our new 2001 estimates, the stock trades at an enterprise value/EBITDA (earnings before interest, taxes, depreciation and amortization) multiple of 11.2 times and $1,012 per subscriber. This compares with the Latin American and Asian averages of 8.8 times and $697 and 8.8 times and $1,461, respectively.

To: Dennis Roth who wrote (94)	3/26/2001 3:18:26 PM
From: Rob Preuss	Respond to of 206

[CEL bounces back on restructuring news] Monday March 26, 11:45 am Eastern Time Mexico's Iusacell shares bounce back on restructuring news MEXICO CITY, March 26 (Reuters) - Mexico's second biggest wireless telephone company, Grupo Iusacell (NYSE:CEL - news), rallied in early Monday trade on news of an internal restructuring and a rebound from last week's heavy losses, traders said. ``News of restructuring is positive and is helping the stock,'' said a local trader. After markets closed on Friday, Iusacell said it was restructuring its retail section into three departments that will report directly to the president, and that Chief Operation Officer Rolando Stevens was stepping down. On the Mexican stock exchange early Monday, Iusacell was up nearly 6 percent to 7.95 pesos per share, on volume of 232,200 shares. On the New York Stock Exchange, Iusacell's American Depositary Receipts (ADRs), gained 3.3 percent to $8.21. Iusacell shares lost 17 percent last week, closing at 7.60 pesos per share on Friday on the Mexican stock exchange, compared with 9.13 pesos a week earlier. Deutsche Banc financial analyst Ronald Aitken initiated coverage of Iusacell last Thursday with a market perform rating. In a research note, Aitken said that intensifying competition in the Mexican wireless market and unattractive valuation comparisons were the reasons he was taking a cautious stance on the stock.

To: Dennis Roth who wrote (94)	3/27/2001 11:02:46 AM
From: Rob Preuss	Respond to of 206

[Iusacell President Del Valle Quits] MEXICO CITY -- Grupo Iusacell SA President and CEO Fulvio del Valle said Monday that he was leaving his posts, citing "personal reasons." It was announced only hours later that he will become the new president and CEO of Maxcom Telecomunicaciones SA, a Mexican phone carrier. Maxcom, which is backed by Bank of America Corp. and CT Communications Inc., said Mr. del Valle will lead the company in its "high-growth phase." Maxcom has local networks in Mexico City and the central city of Puebla, and is planning expansions along the Gulf coast and in the southeast of Mexico Mr. del Valle's departure from Iusacell, which comes only days after the country's second largest wireless company announced a major restructuring, is effective April 15. He will start in the posts at Maxcom on the following day. More... public.wsj.com