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Stock Analyst Update

Morning Stock Notes: 1/5/00

Notes on Global Crossing, Qwest, Intel, Compaq, Inacom, Dell, Gateway, Sears, Freddie Mac, Northwest Airlines,, Bristol-Myers Squibb, Grupo Televisa ADR, and BMC Software.

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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.

Morningstar Analysts does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.