Nasdaq - After Hours Ten Most Active Share Volume
dynamic.nasdaq.com/dynamic/afterhourma.htm
an erster Stelle mit hohem Volumen CSCO im plus und WCOM im minus,hier die Gründe:Cisco higher after Lehman puts stock on '10 Uncommon Values' list
SAN FRANCISCO (AFX) - Shares in Cisco Systems Inc were higher in midafternoon trade, benefitting from its inclusion in this year's Lehman Brothers "10 Uncommon Values" list, dealers said.
At 2.59 pm in New York trading, Cisco gained 1.05 usd or 5.9 pct to 18.98. The Nasdaq composite surged 68.74 points to 2,143.48 and the DJIA was 175.65 higher at 10,610.49.
Lehman Brothers said that Cisco may be the best-positioned large-cap telecom equipment vendor to weather the recent slowdown in the macro-economy and slump in capital expenditure.
"With 70 to 75 pct of sales to the enterprise sector, which we believe may rebound over the next three to six months, and increasing momentum in its service provider segment, we believe Cisco should benefit with the eventual telecom rebound," said the broker.
FCC's Powell Urges Delay in Choosing Spectrum for Mobile Internet Use
Dow Jones Newswires
WASHINGTON -- Federal Communications Commission Chairman Michael Powell is asking for support from the Bush administration for delaying the choice of spectrum for high-speed wireless mobile-Internet service.
The request was expected and was also advocated by the wireless industry. It shows the difficulty that government spectrum managers have had finding a way to clear airwaves for what was originally thought to be the next major growth opportunity for the wireless industry, known by the futuristic name "third- generation," or 3G, wireless.
"The entire federal government faces a challenging set of issues in addressing how best to make available sufficient U.S. spectrum for advanced wireless services," Mr. Powell wrote in a letter to Commerce Secretary Donald Evans. "In connection with these efforts, I believe that the public interest would be best served by additional time for informed consideration, even if this results in some delay in reaching allocation decisions."
In the waning months of his presidency, Former President Clinton launched an urgent search for airwaves to accommodate 3G, warning that the U.S. was falling behind its international competitors in rolling out high-speed mobile Internet service. Under Mr. Clinton's ambitious plan, new spectrum was to be identified for auction by next month.
The search was constrained by the desire to harmonize the choice of airwave frequencies in the U.S. with bands earmarked by a global spectrum conference to allow "global roaming." Unfortunately, the bands earmarked are already in use in the U.S.
The FCC, which allocates spectrum for private use, was to study bands now used by educators for distance learning and for companies like WorldCom Inc. (WCOM) and Sprint Corp. (FON) for high-speed, fixed wireless Internet. The Commerce Department's National Telecommunications and Information Administration, which allocates spectrum for government use, was to study bands now in use by the Department of Defense.
Not surprisingly, the residents of those spectrum neighborhoods don't want to move. Government spectrum managers have found few viable alternatives, and some members of Congress have begun looking at legislative solutions to the impasse.
Meanwhile, the wireless industry has gone into a slump, with questions raised about the demand for 3G services to begin with. At the same time, the Cellular Telecommunications and Internet Association, representing the mobile-phone industry, has suggested the FCC broaden its search to look at airwaves that satellite-phone providers were on the verge of using for their service.
Mr. Powell's desire for a delay is likely to draw questions from members of the Senate Appropriations Committee, where he is scheduled to testify Thursday morning. Members are likely to be concerned about budgetary impact, since delay could force a postponement of a related spectrum auction, now slated for September 2002. All revenue from spectrum auctions goes to the Treasury and has been included in budget projections.
Greg Rohde, head of the National Telecommunications and Information Administration, said it appears the process for selecting new 3G spectrum "has broken down."
"It's not a debate where people are looking to see what their options are," he noted. "It's people saying, 'Don't touch my spectrum.'"
The Commerce Department had no immediate response. But the administration has also been hampered by the fact that Nancy Victory, a telecommunications lawyer nominated by the White House to replace Mr. Rohde, hasn't been confirmed by the Senate.
dynamic.nasdaq.com/dynamic/afterhourma.htm
an erster Stelle mit hohem Volumen CSCO im plus und WCOM im minus,hier die Gründe:Cisco higher after Lehman puts stock on '10 Uncommon Values' list
SAN FRANCISCO (AFX) - Shares in Cisco Systems Inc were higher in midafternoon trade, benefitting from its inclusion in this year's Lehman Brothers "10 Uncommon Values" list, dealers said.
At 2.59 pm in New York trading, Cisco gained 1.05 usd or 5.9 pct to 18.98. The Nasdaq composite surged 68.74 points to 2,143.48 and the DJIA was 175.65 higher at 10,610.49.
Lehman Brothers said that Cisco may be the best-positioned large-cap telecom equipment vendor to weather the recent slowdown in the macro-economy and slump in capital expenditure.
"With 70 to 75 pct of sales to the enterprise sector, which we believe may rebound over the next three to six months, and increasing momentum in its service provider segment, we believe Cisco should benefit with the eventual telecom rebound," said the broker.
FCC's Powell Urges Delay in Choosing Spectrum for Mobile Internet Use
Dow Jones Newswires
WASHINGTON -- Federal Communications Commission Chairman Michael Powell is asking for support from the Bush administration for delaying the choice of spectrum for high-speed wireless mobile-Internet service.
The request was expected and was also advocated by the wireless industry. It shows the difficulty that government spectrum managers have had finding a way to clear airwaves for what was originally thought to be the next major growth opportunity for the wireless industry, known by the futuristic name "third- generation," or 3G, wireless.
"The entire federal government faces a challenging set of issues in addressing how best to make available sufficient U.S. spectrum for advanced wireless services," Mr. Powell wrote in a letter to Commerce Secretary Donald Evans. "In connection with these efforts, I believe that the public interest would be best served by additional time for informed consideration, even if this results in some delay in reaching allocation decisions."
In the waning months of his presidency, Former President Clinton launched an urgent search for airwaves to accommodate 3G, warning that the U.S. was falling behind its international competitors in rolling out high-speed mobile Internet service. Under Mr. Clinton's ambitious plan, new spectrum was to be identified for auction by next month.
The search was constrained by the desire to harmonize the choice of airwave frequencies in the U.S. with bands earmarked by a global spectrum conference to allow "global roaming." Unfortunately, the bands earmarked are already in use in the U.S.
The FCC, which allocates spectrum for private use, was to study bands now used by educators for distance learning and for companies like WorldCom Inc. (WCOM) and Sprint Corp. (FON) for high-speed, fixed wireless Internet. The Commerce Department's National Telecommunications and Information Administration, which allocates spectrum for government use, was to study bands now in use by the Department of Defense.
Not surprisingly, the residents of those spectrum neighborhoods don't want to move. Government spectrum managers have found few viable alternatives, and some members of Congress have begun looking at legislative solutions to the impasse.
Meanwhile, the wireless industry has gone into a slump, with questions raised about the demand for 3G services to begin with. At the same time, the Cellular Telecommunications and Internet Association, representing the mobile-phone industry, has suggested the FCC broaden its search to look at airwaves that satellite-phone providers were on the verge of using for their service.
Mr. Powell's desire for a delay is likely to draw questions from members of the Senate Appropriations Committee, where he is scheduled to testify Thursday morning. Members are likely to be concerned about budgetary impact, since delay could force a postponement of a related spectrum auction, now slated for September 2002. All revenue from spectrum auctions goes to the Treasury and has been included in budget projections.
Greg Rohde, head of the National Telecommunications and Information Administration, said it appears the process for selecting new 3G spectrum "has broken down."
"It's not a debate where people are looking to see what their options are," he noted. "It's people saying, 'Don't touch my spectrum.'"
The Commerce Department had no immediate response. But the administration has also been hampered by the fact that Nancy Victory, a telecommunications lawyer nominated by the White House to replace Mr. Rohde, hasn't been confirmed by the Senate.
