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Technology Stocks : BE Aerospace (BEAV) Breakout -- Ignore unavailable to you. Want to Upgrade?

To: Harry Abruzzese who wrote (85)	2/5/1998 1:58:00 PM
From: Harry Abruzzese	Read Replies (1) \| Respond to of 210

Hi Neil, BE Aerospace jumped today. I suspect that it's on the news below, but I'm not certain of this (the sale of notes in a couple day's is in the last sentence of the article). The Company's stock should trading higher on the fundamentals alone, one would think, but as we know, many of these companies which accommodate the aerospace industry, are trading lower than you would think they would. Harry ---------------------------------------------------------------------- Thursday February 5, 11:58 am Eastern Time U.S. high-grade corp debt issuance seen slowing NEW YORK, Feb 5 (Reuters) - High-grade U.S. corporate debt issuance was expected to slow Thursday in the wake of large global deals priced Wednesday, market sources said. High-grade syndicate sources said Wednesday's issuance of large global deals by Ford Motor Credit and Merrill Lynch helped sate investor appetite for the time being, and debt issuance may also slow in anticipation of Friday's release of payroll data. In the high-grade sector, sources said, Bayer AG (OTC BB:BAYZY - news; BAYG.F) was expected to price a two-part $500 million deal Thursday or Friday, including a 30-year bullet and a 10-year puttable/callable structure with a 30-year legal final via Goldman Sachs. Unofficial price talk was 78 to 80 basis points over Treasuries for the bullet and 62 to 65 over for the puttable/callable tranche, sources said. Harris Corp (HRS - news), a Florida-based communications company, was expected this week to sell $150 million in 30-year debt puttable in 10-years (A3/A-minus) via Morgan Stanley, sources said. Also in the high-grade sector, Sony Corp (NYSE:SNE - news; 6758.T) was expected in the near future to sell $1.5 billion in a five-year global deal via Goldman Sachs, sources said. Market anticipation of the deal began recently when the company filed a shelf registration, sources said. And AlliedSignal (ALD - news) was rumored to be in the market with a $200 million deal via J.P. Morgan, sources said. In the high-yield sector, market sources said, Magellan Health Services Inc (MGL - news) was expected on Thursday to sell $400 million in senior subordinated notes (B3/B-minus) via Chase Securities. Price talk was in the nine to 9.25 percent range, sources said. On Friday, Nextel Communications is expected to sell $800 million in 10-year senior discount notes via Morgan Stanley Dean Witter. Panavision Inc (PVI - news), a motion picture camera company, was expected Friday to sell $150 million in eight-year senior subordinated notes (B3/B-minus) via Credit Suisse First Boston, sources said. Proceeds of the deal will go toward the buyout of the company by Ron Perelman's MacAndrews & Forbes. Also Friday, BE Aerospace Inc [Nasdaq:BEAV - news] is expected to sell $200 million in 10-year non-call five senior subordinated notes (B1/B) via Chase Securities. More Quotes and News: AlliedSignal Inc (NYSE:ALD - news) Bayer AG (OTC BB:BAYZY - news) BE Aerospace Inc (Nasdaq:BEAV - news) Harris Corp (NYSE:HRS - news) Magellan Health Service Inc (NYSE:MGL - news) Panavision Inc (NYSE:PVI - news) Sony Corp (NYSE:SNE - news) Related News Categories: IPOs, US Market News, options