Achtung ARIBA!!!
Seite 1 von 1 Neuester Beitrag: 27.02.01 13:45 | ||||
| Eröffnet am: | 27.02.01 13:37 | von: senbani | Anzahl Beiträge: | 4 |
| Neuester Beitrag: | 27.02.01 13:45 | von: senbani | Leser gesamt: | 2.338 |
| Forum: | Börse | Leser heute: | 1 | |
| Bewertet mit: |  | |||
B2B stocks head south in pre-open
Extreme Networks downgraded; VoiceStream edges up
By Tomi Kilgore, CBS.MarketWatch.com
Last Update: 7:33 AM ET Feb 27, 2001
NEW YORK (CBS.MW) - Shares of business-to-business e-nablers lost ground in pre-open trading Tuesday after sector saw strong
gains on Monday.
Among B2B stocks seeing activity, I2 Technologies (ITWO: news, msgs, alerts) slid $4.50 to $31, Ariba (ARBA:
news, msgs, alerts) fell 69 cents to $19, Commerce One (CMRC: news, msgs, alerts) lost 44 cents to $21.75 in
Instinet. Those stocks are all components of the Merrill Lynch B2B Internet Holdrs (BHH: news, msgs, alerts) ,
which surged 7.9 percent to $11.86 on Monday. The sector tracking stock had hit an all-time low of $10.10 on
Friday, compared to its high of $113.50. The BHH began trading in March 2000.
Also potentially weighing on the sector is the announcement from U.S. shoemaker Nike (NKE: news, msgs,
alerts) late Monday said problems implementing its internal distribution systems contributed to anticipation of a
fiscal third-quarter shortfall. See full story. Nike's shares were still untraded in the pre-open.
Extreme Networks (EXTR: news, msgs, alerts) eased 81 cents to $25 in Instinet. Analyst Mark Sue at Lehman Bros. lowered his rating on
the stock to "buy" from "strong buy," and cut his price target to $40 from $70. Sue believes a combination of changing demand and rising
channel inventory levels, as well as increased competitive pressures, may lead to some near-term uncertainty. He also revenue and
earnings estimates for 2001.
In other stocks seeing pre-open activity, Sun Microsystems (SUNW: news, msgs, alerts) edged up 25 cents to $21, VoiceStream Wireless
(VSTR: news, msgs, alerts) advanced $2.44 to $96.
Stock futures indicated U.S. share markets would be slightly negative at the open. March S&P futures (WP=H1: news, msgs, alerts) trimmed
4.10 to 1,269.50, which was about 1 point below fair value, according to figures provided by HL Camp & Company. Nasdaq 100 futures
(AH=H1: news, msgs, alerts) shed 15.00 to 2,085.00.
Tomi Kilgore is a reporter for CBS.MarketWatch.com.
Gruß Dampf
