Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (45133)	12/13/2001 3:39:56 PM
From: stockman_scott	Respond to of 65232

13:14 ET Covad Comms (COVD.OB) 1.39 +0.64 (+85.3%): Experiences a surge in price on news that a bankruptcy court approved co's reorganization plan. The plan completes the pre-negotiated bondholder agreement that eliminates $1.4 bln of high-yield and convertible bondholder debt for approx. $257 mln, or $0.19 on the dollar. According to Covad, shareholders will retain approx. 80% of the company. "We believe we are the first of the emerging telecommunications companies to exit successfully from bankruptcy with existing shareholders maintaining a majority interest."

To: Sully- who wrote (45133)	12/13/2001 6:47:40 PM
From: stockman_scott	Respond to of 65232

Mutual Fund Assets Hit Record High Total Money Market Mutual Fund Assets Hit Another Record High of $2.383 Trillion Thursday December 13, 6:37 pm Eastern Time NEW YORK (AP) -- Continuing their upward trend, total money market assets hit another record high at $2.383 trillion for the week, a report from the Investment Company Institute showed Thursday. Assets for the previous week were $2.357 trillion after revision to reflect reporting errors and a change in the number of funds reporting. Assets of the nation's retail money market mutual funds rose by $934.0 million in the latest week to $1.104 trillion, the Investment Company Institute said Thursday. Assets of taxable money market funds in the retail category rose by $909.2 million to $910.99 billion for the week ended Wednesday, the Washington-based mutual fund trade group said. Tax-exempt fund assets rose by $24.8 million to $193.05 billion. Assets of institutional money market funds rose by $25.31 billion to $1.279 trillion for the same period. Among institutional funds, taxable money market fund assets rose by $26.40 billion to $1.193 trillion; assets of tax-exempt funds fell by $1.09 billion to $86.10 billion. The seven-day average yield on money market mutual funds fell in the week ended Tuesday to 1.71 percent from 1.82 percent the previous week, said Money Fund Report, a service of iMoneyNet Inc. in Westboro, Mass. The 30-day average yield fell to 1.83 percent from 1.90 percent, according to Money Fund Report. The seven-day compounded yield fell to 1.73 percent from 1.84 percent the previous week, and the 30-day compounded yield fell to 1.85 percent from 1.92 percent, said Money Fund Report. The average maturity of the portfolios held by money funds was 58 days, up from 57 days, said Money Fund Report. The online service Bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation's 10 largest markets showed the annual percentage yield available on money market accounts held at 1.16 percent as of Wednesday. The North Palm Beach, Fla.-based unit of Bankrate Inc. said the annual percentage yield available on interest-bearing checking accounts remained 0.49 percent. Bankrate.com said the annual percentage yield was 1.95 percent on six-month certificates of deposit, down from 2.00 percent the previous week. Yields were 2.19 percent on 1-year CDs, down from 2.21 percent; 2.93 percent on 2 1/2-year CDs, up from 2.92 percent; and 3.99 percent on 5-year CDs, unchanged.