CIBC Wrestles With USA Networks, The Telecomm Analyst News.Business Editors NEW YORK--(BUSINESS WIRE)--July 5, 2000 On June 27, Wachovia Securities reiterated its strong buy on Worldcom (Nasdaq-WCOM) shares. Between June 26 and 30, first the United States Justice Department sued to halt the company's merger with Sprint (NYSE NYSE See: New York Stock Exchange :FON Fon People of southern Benin and adjacent parts of Togo. They speak a dialect of Gbe, a Kwa language of the Niger-Congo language family. Numbering about 3 million, the Fon are mainly farmers. ), then the European Union said it opposed the merger, even though the companies had told the Commission that they were withdrawing their official merger notification. The report continues, almost breathlessly, "we would note Deutsche Telekom's (NYSE:DT) recent attempt to purchase Qwest Communications (NYSE:Q). Dain Rauscher Wessels initiated coverage of Time Warner Telecommunications (Nasdaq:TWTC TWTC Taipei World Trade Center (Taiwan, ROC) TWTC Time Warner Telecom ) on June 28 with a strong buy. On June 28, CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. reiterated its strong buy on USA Networks. On June 27, a court ruled in favor of World Wrestling Federation Entertainment (Nasdaq:WWFE WWFE World Wrestling Federation Entertainment Inc. ) in its bout with USA Networks over contractual obligations. To find out more about this week's Analyst's strong buys, read the article in Multex.com's The Telecomm Analyst(sm), http://www.telecommanalyst.com/individual/000704.asp Companies profiled: Worldcom (Nasdaq-WCOM) http://www.multexinvestor.com/af003961/tickersearch.asp?ticker=wcom Sprint (NYSE-FON) http://www.multexinvestor.com/af003961/tickersearch.asp?ticker=fon Deutsche Telekom (NYSE-DT) http://www.multexinvestor.com/af003961/tickersearch.asp?ticker=dt |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion