Marketplace
IPO Watch
These are the top tech companies offering IPOs this week.
1. Infinite Technology Group LT, 2M shares offered; $12 high/$10 low offer prices.
2. Innovative Solutions and Support Inc., 3M shares offered; $12 high/$10 low offer prices.
3. Floware Wireless Systems Ltd., 4.50M shares offered; $13 high/$11 low offer prices.
4. Exe Technologies Inc., 7.25M shares offered; $9 high/$7 low offer prices.
5. Extravision Communications Corp., 45M shares offered; $15 high/$13 low offer prices.
6. Eroom System Technologies Inc., 1.80M shares offered; $8.50 high/$6.50 low offer prices.
7. Microtune Inc., 4M shares offered; $15 high/$13 low offer prices.
8. Signalsoft Corp., 4.40M shares offered; $17 high/$15 low offer prices.
9. Screaming Media.Com Inc., 5M shares offered; $13 high/$11 low offer prices.
10. Resonate Inc., 4M shares offered; $19 high/$17 low offer prices.
Dow Jones vs. Kagan Cable MSO Average
[GRAPH OMITTED]
Economic Database 8/2/99 7/26/00 8/2/00
Prime rate 8.00 9.50 9.50
Federal funds 4.75 6.25 6.25
Treasury bills (3 mos.) 4.71 6.02 6.06
Economic Database Year % Chg. Week % Chg.
Prime rate +22.58 0.00
Federal funds +31.58 0.00
Treasury bills (3 mos.) +28.66 +0.66
SOURCE: Paul Kagan Associates Inc.
For Richer …
CEO Company
Jeffrey Bezos Amazon.com
Michael D. Eisner Walt Disney
Christopher B. Galvin Motorola
Peter J. Kight Checkfree Holdings
John F. Welch General Electric
William J. Rouhana Jr. Winstar Communications
John W. Madigan Tribune
Donald E. Graham Washington Post
William J. Cadogan ADC Telecommunications
Edward E. Whitacre Jr. SBC Communications
8/1/00 Change Total Value
CEO (000) (000)
Jeffrey Bezos $109,969 $3,643,631
Michael D. Eisner $18,300 $488,769
Christopher B. Galvin $4,138 $82,764
Peter J. Kight $1,913 $311,897
John F. Welch $1,582 $132,382
William J. Rouhana Jr. $1,000 $35,577
John W. Madigan $574 $50,316
Donald E. Graham $510 $140,411
William J. Cadogan $432 $32,658
Edward E. Whitacre Jr. $298 $34,095
Or For Poorer
CEO Company
Lawrence J. Ellison Oracle
Michael S. Dell Dell Computer
Steven A. Ballmer Microsoft
Robert Glaser RealNetworks
Scott G. McNealy Sun Microsystems
David S. Wetherell CMGI
Michael J. Birck Tellabs
Wilfred J. Corrigan LSI Logic
Bernard J. Ebbers WorldCom
James Q. Crowe Level 3 Communications
8/1/00 Change Total Value
CEO (000) (000)
Lawrence J. Ellison -$828,228 $48,989,697
Michael S. Dell -$497,356 $12,950,381
Steven A. Ballmer -$284,556 $16,444,392
Robert Glaser -$141,375 $2,040,304
Scott G. McNealy -$62,118 $2,848,774
David S. Wetherell -$31,082 $557,532
Michael J. Birck -$18,271 $845,473
Wilfred J. Corrigan -$16,293 $665,491
Bernard J. Ebbers -$14,636 $493,550
James Q. Crowe -$14,127 $658,450
SOURCE: CNET Investor (www.cnetinvestor.com)
Market Comment
CABLE STOCKS RISE — Buyers emerged in the tech sector Aug. 2, taking cable and telecom stocks into positive territory. The solid performance within technology also helped the Dow score respectable gains. The DJIA added 0.6%, and the Nasdaq rose 1.5%.
Cable companies that also saw slight gains included: Adelphia Communications, up 3.8%; Cox Communications, up 2.2%; Liberty Media Group, up 0.9%; Time Warner, up 0.1%; and USA Networks, up 0.6%.
BellSouth, Verizon, SBC Communications and AT&T all rose fractionally. Global Crossing was the best performer among big and mid-sized carriers, up 1.44 points. Lucent Technologies eked out a small gain of 0.44.
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