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: stockman_scott who wrote (45415)	12/20/2001 8:12:13 AM
From: Dealer	Read Replies (2) \| Respond to of 65232

M A R K E T .. S N A P S H O T -- Stock averages set for steady open By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 7:43 AM ET Dec 20, 2001 NEW YORK (CBS.MW) -- The stock averages are set for an open on the flat side once the opening bell sounds on Thursday as investors ponder Ma Bell's deal mega cable deal with Comcast. Late on Wednesday, in fact, AT&T (T) informed investors that it was unloading its broadband unit to Comcast (CMCSK) for $72 billion, beating out AOL Time Warner and Cox Communications. Bidding for AT&T's broadband business began in July with an unsolicited offer from Comcast. The AT&T cable unit and Comcast will be merged to form a new company called AT&T Comcast. In trading before the official opening bell, AT&T was last up 5 percent while Comcast had not yet changed hands. Microsoft was down 12 cents to $69.37 In Europe. Microsoft is viewed as a winner in the colossal merger as it competes with AOL Time Warner to provide online access. Checking the futures markets, the March S&P 500 contract edged down 0.70 point, or 0.1 percent, and was trading about 1.30 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, climbed 5.00 points, or 0.3 percent while the Dow Jones Indicative Index rose 6.80 points, or 0.7 percent, to 10,057. Government bonds traded lower across the board with investors keeping a keen eye on developments in Argentina. The country's economy minister Domingo Cavallo reportedly resigned Thursday as rioting and looting threw the country into chaos on Wednesday. The 10-year Treasury note was off 12/32 to yield ($TNX) 5.09 percent while the 30-year government bond gave back 14/32 to yield ($TYX) 5.48 percent. On the economic front, weekly jobless claims, the November Treasury budget statement and the December Philly Fed Index will be out. Check economic calendar and forecasts. In the currency sector, the dollar put on 0.2 percent to 128.41 yen while the euro slipped 0.3 percent to 89.76 cents.

To: stockman_scott who wrote (45415)	12/20/2001 10:52:51 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 65232

Excite@Home killed by three factors in my view 1. acquisition of Mountain Crapp for $700m - it has no earnings, little prospect - totally sapped the treasury 2. ATT in their typical braindead leadership - sale of TCI gave all cablers an exit door from ties to E@H - that was "pure sabotage" 3. E@H executives put growth over quality in priority - quality problems persisted, finally hitting cashflow all in all, I doubt this will be a big deal the pipes will all be working soon, nothing abandoned big winner might be ATT morons, buying for 30c on $ / jim