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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: tool dude who wrote (83801)	4/17/2003 9:54:14 AM
From: Taki	Read Replies (1) \| Respond to of 122087

APS, now ALMS.Pretty unbelievable,LOL, how people get scamed.JP MORGAN ON APRIL 4th. upgrades APS, and stock goes to over $1.00 in two days, and now get's delisted to PINK sheets from NYSE.LMAO.I guess they new it was coming, and got out, and the rest of the people holding the bag? SECURITY ADDITIONS Updated Symbol Company Name Effective Date/Comments 16:33 ALMS Alamosa Holdings Inc 04/17/2003 From NYSE (APS) (REUTERS) UPDATE 1-Alamosa shares jump after JP Morgan upgrade UPDATE 1-Alamosa shares jump after JP Morgan upgrade (Adds more details, adds closing stock price) CHICAGO, April 4 (Reuters) - Shares of Alamosa Holdings Inc. <APS.N> more than doubled on Friday after JP Morgan raised its investment rating on the wireless telephone company to "overweight" from "neutral." The Lubbock, Texas-based company's stock closed up 50 cents to 86 cents on the New York Stock Exchange, where it was one of the top gainers. Earlier, shares rose to as much as 88 cents. "We believe investors have underestimated the viability of Alamosa, but improved price performance was limited by financial troubles at other Sprint PCS affiliates as well as the challenges at Sprint PCS/Sprint," said Thomas Lee, JP Morgan telecommunications analyst, in a research note. Alamosa is an affiliate of No. 4 U.S. wireless operator Sprint PCS Group <PCS.N> and sells wireless telephone service under the Sprint PCS brand primarily in midwestern and western states such as California, Texas, and Illinois. Sprint PCS is a unit of Sprint Corp. <FON.N>. As customer growth in the wireless industry has slowed down, Sprint PCS affiliates have suffered particularly badly because of their high debt levels. The affiliates have also complained about unfavorable terms in their agreement with Sprint PCS. Among the Sprint PCS affiliates, privately held Horizon PCS, US Unwired Inc. <UNWR.O> unit IWO, and AirGate PCS <PCSA.O> unit iPCS Inc. have filed or disclosed their risk of filing for Chapter 11 bankruptcy. "The headline risks are done and we do not expect Alamosa, or even UbiquiTel <UPCS.O> to be undergoing similar restructuring," Lee said in his note. He added that general visibility at Sprint PCS has improved with the new Sprint chief executive, Gary Forsee, and he expects to see improvement in the affiliates' valuations and general sentiment, as they improve for Sprint PCS. "We forecast a substantial improvement in the company's EBITDA (earnings before, interest, taxes, depreciation and amortization) power in 2003," Lee said. William Benton, wireless analyst with William Blair & Co., said Alamosa is benefiting from its restructuring two years ago. "They ended up replacing their credit facility with long term debt ... They restructured at a time when it was easier to do so," he said. J.P. Morgan's note also drove up the stocks of other Sprint PCS affiliate companies. Shares of UbiquiTel closed up 13 cents or 32.5 percent to 53 cents on Nasdaq while shares of US Unwired closed up a penny or 6 percent to 19 cents. AirGate's stock closed up 3 cents or 13.6 percent at 25 cents. ((Reporting by Yukari Iwatani; editing by Michael Miller; yukari.iwatani@reuters.com; Reuters Messaging: yukari.iwatani.reuters.com@reuters.net; 312-408-8787)) REUTERS * end of story ***