Thursday, April 13, 2006
Covad Gets $50M Credit Facility From Silicon Valley Bank - Symbol DVW
Dow Jones Real-Time News for InvestorsSM
4:55 p.m. 04/13/2006
Dow Jones Newswires
Covad Communication Group (DVW) obtained a two-year, $50 million senior secured revolving credit facility with Silicon Valley Bank.
The San Jose telecommunications company said the credit facility its available for general corporate purposes.
As part of the transaction, Covad redeemed its existing collateralized customer deposit liability with AT&T Inc. (T).
Covad also withdrew its unused universal shelf registration statement filed with the Securities and Exchange Commission in October.
4:55 p.m. 04/13/2006
Dow Jones Newswires
Covad Communication Group (DVW) obtained a two-year, $50 million senior secured revolving credit facility with Silicon Valley Bank.
The San Jose telecommunications company said the credit facility its available for general corporate purposes.
As part of the transaction, Covad redeemed its existing collateralized customer deposit liability with AT&T Inc. (T).
Covad also withdrew its unused universal shelf registration statement filed with the Securities and Exchange Commission in October.
Word On The Street Is That VistaPrint May Blow Away Their Numbers On The Next Earnings Release!
VPRT is running again. The stock finally breaks above the downward resistence line that started on March 21 triggering a technical "Buy" signal. Also, the float is very very tight and in solid hands and there are about 687,000 shares short! And, short buying and continued Institutional buying could fuel us up to the $35.00 - $37.00 level soon. We have seen this before on VPRT.
Lastly, VistaPrint is a favorite Internet pick for Goldman Sachs, a premier Wall Street firm in New York. Upgrades may be in the works.
Lastly, VistaPrint is a favorite Internet pick for Goldman Sachs, a premier Wall Street firm in New York. Upgrades may be in the works.
Wednesday, April 12, 2006
VoIP To Reach $18 Billion By 2010
According to a new report by Juniper Research, the market for VoIP business services is set to reach $18 billion by 2010. This will bode well for investors in Covad Communications - Symbol DVW.
VoIP News Article
VoIP News Article
All Eyes Are On Oil These Days - Oil At $69 Per Barrel
Most of the OPEC members are already producing close to the limit and the group has missed its 28 million barrels per day output target every month this year, mainly because rebels have shut down a quarter of Nigeria's output.
Tuesday, April 11, 2006
Energy Prices Retreat - A Bullish Sign
Thankfully, oil and gas shares dropped Tuesday after initially showing strong gains as crude prices retreated from historically high levels. Notably, the Philadelphia Oil Service Index (OSX) suffered the greatest decline, losing 1.9% to 212.95 points. Also - the Amex Oil Index (XOI) fell 0.6% to 1,106.
The market sectors that sold off over the last two days and the investors who retreated into gold should come back strong as oil prices continue to drop.
The market sectors that sold off over the last two days and the investors who retreated into gold should come back strong as oil prices continue to drop.
Sector Sell Offs Due To Oil And Gas Fears
Stocks are selling off a bit due to worries over oil and gas prices. Crude futures are holding above $69 per barrel, making some worried investors shift into gold as a "safe-haven". Gold is now over $600 per ounce.
Monday, April 10, 2006
BWNG - DVW - CCOI Prime Takeover Candidates
Today stocks were seen as opening higher amid several mergers and acquisition announcements. Alcatel (ALA) put speculation to rest and says it will buy Lucent (LU) in a $3.45 billion deal, valuing LU shares at about $3.01 each. Also - Iconix (ICON) says it will buy Mossimo (MOSS) for $7.50 per share in cash and stock. Aztar (AZR) receives an offer from Ameristar Casinos (ASCA) at $42 per share in cash and Alderwoods Group (AWGI) will be bought by Service Corp (SCI) for $20 per share in cash. Lastly, General Motors (GM) rises on news it sold a 51% stake in GMAC.
Broadwing - BWNG - Still In Accumulation Mode
BWNG was downgraded from a Buy rating to Accumulate today by Janco Partners that set off a number of weak hands (day traders) or stop orders that spurred some selling on this news. This negative trading activity was unwarranted in our opinion. Nothing has changed with Broadwing except their increased marketing efforts in broadband and IP services to enterprise partners that should produce continued growth over the next several quarters. To reiterate - the company was "not" given a Sell recommendation, but rather an Accumulation rating. Accumulating on dips is not a bad idea especially after today's activity.
We Scooped Jefferies & Co. on Their Buy Upgrade on Covad - DVW Today
DVW is running now and should continue for a while.
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