AT&T wireless tracking stock expected
Article Abstract:
AT and T Corp is expected to launch a tracking stock for its wireless phone business to take advantage of the rising investor interest on wireless operations and to improve its stock market performance. The phone company did not confirm on the possibility of a tracking stock, which will allow a separate trading for its wireless business. Currently, the top player in the US long-distance phone industry, is suffering from a lackluster stock performance as investors wait for the outcome of its diversification plans.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
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First day out a blast for popular eToys stock
Article Abstract:
eToys, the Santa Monica, CA-based online retailer, launched a wildly successful initial public offering (IPO) that saw its stock zooming 283%. The phenomenal rise, the fifth-largest increase for an IPO, gave the company a market value of $7.8 billion. The success of eToys' IPO points to the huge potential of the online toy retail market: online toy sales are projected to reach $1.5 billion by 2003 from $68 million in 1998.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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