Morning Stock Notes: 1/5/00
Notes on Global Crossing, Qwest, Intel, Compaq, Inacom, Dell, Gateway, Sears, Freddie Mac, Northwest Airlines, Amazon.com, Bristol-Myers Squibb, Grupo Televisa ADR, and BMC Software.
Global Crossing (GBLX) announced this morning that Japanese telecom company KDD Corp. has purchased $100 million of capacity in Global's worldwide network. KDD will utilize capacity on the Trans-Pacific line built by Asia Global Crossing, a joint venture between Global Crossing, Microsoft, and Softbank. The deal marks another success for Global Crossing as KDD Corp. has been negotiating a partnership with rival Qwest Communications (Q) for the past few months.
Intel (INTC) is expected to introduce a Web appliance--quite different from its traditional territory of microprocessor chips--today at the Consumer Electronics Show in Las Vegas. The device is expected to cost between $300 and $700, and it will be targeted at those who aren't yet hooked up to the Internet. This product announcement reinforces a hot trend that is developing for PC makers in 2000--that is, one away from the traditional PC and more towards gadgets like Internet appliances.
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