talk.com stabil bei 2,50 , crash oder Richtung norden für die n. woche - 500 Beiträge pro Seite

[Torsten10]

Hallo Leute,

bin im Moment gut dabei, bin aber Dienstag in Urlaub. Was meint Ihr, soll ich mit Kurs von 2,50 E verkaufen oder sehen wir in den nächten 2 Wochen die 3 - 4 E.

Was meint Ihr ?

[Nando]

Moin Torsten,

bleib drin. Gewinne laufen lassen. Sonst setzte doch Stopp loss bei $2 oder 2 Euro. Damit du sicher bist.

Gemunkelt wird immer vom Einstieg in Kalifornien, ...

Warten wir es ab.

Gruß
nando

[ow36]

Hast Du näheres zum Einstieg in Kalifornien. Gibt es einen geplanten Zeitpunkt????

[Nando]

Moin ow,

gehört habe ich das bei raging bull und yahoo, angeblich sind die da dran und haben Marktforschungen laufen.

IR von TALK spricht auch davon, aber darf natürlich nichts konkretes sagen, hören sagen im board (also Vorsicht). Die Q-Zahlen kommen etwas später als gewöhnlich, jetzt ist die Frage schlechtes oder gutes Zeichen. Ich glaube gutes, das steht jedem frei.

Ich bleibe drin wg. Kurs/Umsatz, Buch bzw. Unternehmenswert/Kurs, Cash/Kurswert und weil imho die Telko-Werte wieder kommen. Die anderen Gerüchte nehme ich als nette Beilage, nach den nächsten Zahlen irgendwann Mitte/Ende Februar überlege ich mir, ob ich weiter drin bleibe.

Gruß
Nando

[ow36]

Servus,

darf man den verschiedenen Gerüchten Glauben schenken ist AOL mit 8% bei Talk.com eingestiegen. Wer weiß näheres??

[Nando]

Moin,

die sind schon länger drin. IM raging bull board und yahoo haben die sich drüber ausgelassen (mit links), also das ist nichts wirklich neues aber beruhigend finde ich das schon ;-)).

Gruß
Nando

[teicker]

Bei diesen Kursen - strong buy

Börsenwert zur Zeit: 156.042.000$
Umsatz in 1999 . 561.000.000$

Umsätze für die ersten drei Quartale 2000:

1: 156.059.000$
2: 135.758.000$
3: 121.254.000$


Zahlen für 2000 am 15.02.2001

[ow36]

Kann mir mal jemand erklären wieso der Kurs so nach Süden geht?

[Nando]

Moin,

innerhalb einer Stunde von $1,6 auf $2 mit ein paar dicken orders und dann war wieder Ruhe.

????????????

Komisch ist das schon.

Aber dasmuss ja nichts schlechtes sein ;-))).

Gruß
nando

[chipi]

Hallo ow36

Kein grund zur Panik,
Kurs in USA von -10% auf +12,70% bei fast 2us$

[Nando]

Moin,

talk hat wieder mehr neue Anschlüsse als in den Vormonaten. sieht nach einem kontinuierlichen Wachstum aus:

Quelle - yahoo finance, schlagt nach.

Gruß
Nando

[ow36]

Zahlen kommen wohl am 27.02.2001.

Die gemachte Vorankündigen lassen auf gute Zahlen hoffen.

[ow36]

TALK.com (ticker: TALK, exchange: NASDAQ)
News Release - 14-Feb-2001
TALK.com Previews Fourth Quarter Results and First Quarter Highlights


265,000 Local Lines Billed in December, Increase of 110,000 from Third Quarter Results in Line with Guidance, Excluding One-time, Non-cash Items Company Reaffirms Positive EBITDA for 1Q 2001 and Fully Funded Status Earnings Release on February 27th.
TALK.com (NASDAQ NM: TALK), an integrated communication services provider, today previewed financial results for the three months ended December 31, 2000.

Local lines billed in the fourth quarter grew by more than 70 percent to 265,000, up from 155,000 billed in the third quarter. The increase in local lines contributed to double-digit sequential growth in total sales to $134.9 million, up from $121.2 million in the third quarter 2000 in line with Company guidance excluding a one-time adjustment relating to the timing of customer refunds. The Company`s EBITDA loss will be within the guidance range of $10-12 million and represents an improvement of approximately $16 million over third quarter results, excluding one-time and non-cash items. The Company also announced its cash position for year-end 2000 was $40.6 million ahead of previous guidance.

The Company expects to take one-time and non-cash charges of approximately $17 million during the quarter to reflect newly established reserve policies regarding its non-AOL long distance partners, such as Traffix, as well as other expense accounts. The Company also confirmed 30 percent bundled revenue growth for the first quarter of this year as well as its positive EBITDA forecast for the first quarter. The Company reiterated that its business plan is fully funded and will begin generating cash in the second quarter.

The Company will release actual fourth quarter and year-end 2000 results on Tuesday, February 27, 2001 at 3:00 p.m. EST followed by a conference call at 4:30 p.m. EST to discuss these results. To access the call, dial 800-205-6183 (Domestic) or 415-908-4720 (International). You are invited to listen to the conference call over the Internet through Vcall, a service of the Investor Broadcast Network, at www.vcall.com. To listen to the live call, please go to the Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. You may also listen to the call live at www.talk.com, www.streetevents.com or www.streetfusion.com.

In addition, a replay will begin shortly after the call has ended and will be available through March 6, 2001. The replay number to listen to the call is: 800-633-8284 (Domestic) or 858-812-6440 (International). The passcode for the replay is 17971158.

ABOUT TALK.COM

TALK.com, is a rapidly growing integrated communications provider marketing a bundle of local and long distance services to residential and small business customers utilizing its proprietary "real-time" online billing and customer service platform. The Company delivers value in the form of savings, simplicity and quality service to its customers based on the efficiency of its low-cost, nationwide network and the effectiveness of its systems that interface electronically with the Bell Operating Companies.

For further information, visit the Company online at:
www.talk.com.

Please Note: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This news release is based on preliminary financial results, which are subject to further review and adjustment and statements in this press release regarding TALK.com`s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company`s Registration Statement on Form S-4, SEC File No. 333-40980, filed July 7, 2000, as well as the discussions contained in its Annual Report on Form 10-K for the year-ended December 31, 1999 (and the amendment thereto) and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2000, and any subsequent SEC filings.

CONTACT: Fusion Public Relations
Christa Lauri
212-651-4218 (t)
212-840-0505 (f)
[e-mail]

CONTACT: TALK.com
Ruth E. Abeshaus, Director, Investor and Public Relations
877/OUR-STOCK (t)
215/862-1085 (f)
www.talk.com

[ow36]

Was haltet Ihr davon????


TALK.com Announces Fourth Quarter and Year End Results
RESTON, Va.--(BUSINESS WIRE)--Feb. 27, 2001--

Revenue from Local Customers Doubled from Third Quarter

Local Lines Billed Increased by 110,000
Sequential EBITDA Improvement of $16 Million Excluding One-Time Items

Management Reiterates Positive EBITDA Outlook for 1Q01

TALK.com (NASDAQ NM: TALK - news), an integrated communications provider, today announced financial results for the fourth quarter and year-ended December 31, 2000.

Total sales for the fourth quarter increased 12 percent sequentially to $135.1 million, excluding a one-time adjustment of $3.6 million, compared with $121.2 million for the third quarter 2000. Reported revenue for the fourth quarter was $131.5 million compared with $148.8 million for same quarter last year. Adjusted revenue from local customers in the fourth quarter was $34 million, approximately two times the $17.3 million reported in the third quarter 2000. The sharp increase in revenue from local customers was directly related to the 110,000 additional lines in billing to 265,000 lines billed in December.

The Company reported gross profit margins of 48.8 percent for the fourth quarter, a modest increase over the 46.2 percent gross margins, for the same period in 1999. Excluding adjustments, fourth quarter gross profit margin rose to 50.1 percent up slightly from 49.8 percent in the third quarter 2000. The Company`s adjusted EBITDA loss was $11.0 million, in line with guidance and represents a $16 million improvement sequentially. Reported EBITDA loss of $27.8 million includes one-time charges of $16.8 million related to accrual policies for credits and adjustments and reserve policies regarding its non-AOL long distance partners, such as Traffix, formerly known as Quintel, as well as other expense accounts.

The Company`s adjusted net loss for the quarter was $21.4 million compared with $34.8 million in the third quarter 2000. The reported net loss for the fourth quarter was $39.6 million compared with net income of $16.7 million reported in the fourth quarter of 1999. Adjusted net loss per share for the fourth quarter was $0.27 per share compared with a net loss of $0.48 per share in the third quarter 2000.

The Company reported total sales for the year ended December 31, 2000 of $544.5 million, an increase of 5.4 percent compared with total sales of $516.5 million for the same period last year. Gross margin for the year ended December 31, 2000 increased to 46.2 percent from 44 percent for the same period in 1999. The net loss for the year 2000 was $61.9 million compared with net income of $57.7 million, before extraordinary gain of $21.2 million for the same period last year. Cash and cash equivalents were $40.6 million at December 31, 2000, ahead of previous guidance, compared with $78.9 million for the year ended December 31, 1999.

The Company`s operational and financial targets for the first quarter and year ended 2001 are as follows:


Metrics Q1 2001 Year End 2001
------- ------- -------------
Billed Local Lines 300,000+ 550,000+
Total Revenue Growth 7-10% 15 - 20%
(excluding discontinued business
lines)
Bundled Revenue Growth 25 - 30% 400%+
EBITDA Positive $25 - $30 Million

The Company will hold a conference call to discuss these results beginning at 4:30 p.m. Eastern Time Tuesday, February 27, 2001. Dial in number for the call is (800) 205- 6183. International callers should dial (415) 908 - 4720. Individual investors are invited to listen to the conference call over the Internet through vcall, a service of the Investor Broadcast Network, at http://www.vcall.com. To listen to the live call, please go to the Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. You may also listen to the call live at www.talk.com, www.streetevents.com, and www.streetfusion.com. In addition, a replay will begin shortly after the call has ended and will be available for 7 days. The replay number to listen to the call is: (800) 633 - 8284 (Domestic) or (858) 812 - 6440 (International) and the passcode for the replay is 17971158.

ABOUT TALK.COM

TALK.com, is a rapidly growing integrated communications provider marketing a bundle of local and long distance services to residential and small business customers utilizing its proprietary ``real-time`` online billing and customer service platform. The Company delivers value in the form of savings, simplicity and quality service to its customers based on the efficiency of its low-cost, nationwide network and the effectiveness of its systems that interface electronically with the Bell Operating Companies.

For further information, visit the Company online at: www.talk.com.

Please Note: ``Safe Harbor`` statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding TALK.com`s business that are not historical facts are ``forward-looking statements`` that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ``Risk Factors`` in the Company`s Registration Statement on Form S-4, SEC File No. 333-40980, filed July 7, 2000, as well as the discussions contained in its Annual Report on Form 10-K for the year-ended December 31, 1999 (and the amendment thereto) and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2000, and any subsequent SEC filings.

TALK.COM INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited - Thousands of dollars, except share data)

For the Three Months For the Twelve Months
Ended December 31, Ended December 31,
2000 1999 2000 1999

Sales $131,535 $148,811 $544,548 $516,548
Cost of sales 67,401 80,094 292,931 289,029
Gross profit 64,134 68,717 251,617 227,519

Operating expenses
(income):
General and administrative
expenses 21,363 11,547 65,360 39,954
Provision for doubtful
accounts 26,599 6,181 53,772 28,250
Promotional, marketing
and advertising
expenses 43,963 32,774 170,864 96,264
Depreciation and
amortization 8,927 1,572 19,257 6,214
Significant other income -- -- -- (2,718)
Total operating
expenses 100,852 52,074 309,253 167,964
Operating income (loss) (36,718) 16,643 (57,636) 59,555
Interest (income)
expense, net 1,043 461 438 1,991
Other (income) expense,
net 1,854 (500) 3,822 (135)
Income (loss) before
income taxes (39,615) 16,682 (61,896) 57,699
Income tax benefit -- -- -- --
Income (loss) before
extraordinary gain (39,615) 16,682 (61,896) 57,699
Extraordinary gain -- -- -- 21,230
Net income (loss) $(39,615) $16,682 $(61,896) $78,929

Basic earnings (loss)
per share:
Income (loss) before
extraordinary gain $ (0.51) $ 0.26 $ (0.88) $ 0.94
Extraordinary gain -- -- -- 0.35
Net income (loss) $ (0.51) $ 0.26 $ (0.88) $ 1.29
Weighted average common
shares outstanding 78,037 64,017 70,527 61,187

Diluted earnings (loss)
per share:
Income (loss) before
extraordinary gain $ (0.51) $ 0.25 $ (0.88) $ 0.90
Extraordinary gain -- -- -- 0.33
Net income (loss) $ (0.51) $ 0.25 $ (0.88) $ 1.23
Weighted average common
and common
equivalent shares
outstanding 78,037 67,212 70,527 64,415

SELECTED BALANCE SHEET HIGHLIGHTS
($ In Thousands)
Unaudited

December 31, December 31,
2000 1999

Cash and cash equivalents $ 40,604 $ 78,937
Total current assets 97,203 150,893
Net property and equipment 83,656 57,335
Total assets 407,749 215,008
Total current liabilities 92,871 63,768
Convertible debt 84,945 84,985
Commitments and contingencies 114,630 114,630
Stockholders` equity (deficit) 82,700 (69,375)

Please see accompanying notes to consolidated financial statements

[ow36]

Jetzt ist ein günstiger Einstieg.

Talk.com gibt Verlust in Q4 bekannt
Talk.com (Frankfurt: 900206.F - Nachrichten), ein Ferngespräch Service-Provider, gab einen Verlust im letzten Quartal des vergangenen Geschäftsjahres bekannt, welcher sich auf 39,6 Mio. US-Dollar oder 51 Cents je Aktie beläuft.
Für die Zukunft gibt sich das Unternehmen jedoch positiv. Man bestätigte seine Ziele, den Umsatz im Jahr 2001 um 20 Prozent zu verbessern und einen positiven Cash-Flow im ersten Quartal zu erzielen.

Der Verlust ging einher mit einem Umsatzrückgang von 148,8 auf 131,5 Mio. US-Dollar. Dies soll sich jedoch bereits im ersten Quartal dieses Jahre ändern, da Talk.com hier einen Umsatzanstieg von 7 bis 10 Prozent anpeilt.

[Nando]

Moin,

ich bleibe drin, allein zB die MK ist so niedrig da ist noch viel Platz. Wenn der Kurs noch mal auf ca. 1$ einknickt stocke ich auf.

Gruß
Nando

[quadral66]

Nicht schlecht wie Talk am Freitag in USA performt hat:
+10% gegen den Trend.

Wenn die Prognosen eintreffen sollten, daß in Q1 ein positives Ergebnis erzielt wird, geht die Post ab.
Ich denke auch, daß sie den Mund bei ihrer Prognose nicht zu voll genommen haben:
schließlich sind vom Q1 bereits 2 Monate vergangen als die Meldung über den Ticker lief.

[ow36]

In ca. 4 - 6 Wochen kommen die neuen Zahlen. Heute bei 1,38 Euro, aus meiner Sicht zu tief bewertet. Denkt Ihr man sollte heute noch nachkaufen? Denn wenn die Erwartungen eintreffen, sind sicherlich gute 100% drin.

[quadral66]

Talk wurde gerade in FF zu 1,38 EUR gehandelt, obwohl sie in USA bei 1,38 Dollar steht.
Der Typ muß entweder einen an der Waffel haben oder ganz dringend Geld benötigen.
Ich halte jedenfalls noch, Talk ist für mich bei der derzeitigen Bewertung nach wie vor ein Small Cap der vor der Explosion steht.

[Nando]

die kurse in D sind schon merkwürdig. Ich konnte vor zwei Monaten auch zu Euro 1,08 nachkaufen obwohl NY $ 1,25 Kurs meldete. Das kommt davon wenn man ohne Limit verkauft.

Nachkaufen oder halten, aber im Moment auf keinen Fall raus gehen. Auf das nächste halbe Jahr freue ich mich.

Gruß
Nando

[quadral66]

Vor einiger Zeit schrieb ein Analyst von Lehmann Broth. zur Bewertung von Talk:
"Valuation borders on absurd".
An der absurden Bewertung hat sich bisher nichts geändert.
Deshalb denke ich auch, daß es das vernünftigste ist, Talk noch im Depot zu lassen.
Ich denke auch, daß Talk seinen Boden gefunden hat, von 10% plus oder minus mal abgesehen.
Meiner Meinung nach kann es kurz bis mittelfristig eigentlich nur noch nach oben gehen, unabhängig von der weiteren Nasdaq-Performance.

[Nando]

Moin,

der Service Rollout in California ist jetzt amtlich. Die Meldung ist draussen, der Kurs hat noch nicht wirklich reagiert. Im Moment haben halt wohl die meisten noch etwas Bammel.

Party on

Gruß
nando

[tj10]

Aktie hat reagiert. 1,78 in amerika. Bei uns wohl morgen über 2,00. Bin schon länger dabei. Habe bei 2,19 gekauft. Was meint Ihr endlich über 3 oder mehr ?

[ow36]

Icfh denke bis Ende April sehen wir die 2,50 Euro, das wären gute 50 %.

[Nando]

Moin,

ich gehe auf 3-4 Euro im Sommer.

Gruß
Nando

[Nando]

Moin,

gestern auf 2,25 da sind die 2,5 Euro doch schon da ;-)).

Endlich geht es einmal los.

In einem Interview hat der CEO den Service in 28 Staaten als Ziel genannt (momentan 13 mit CA).

So macht das doch Spaß.

Gruß
Nando

[quadral66]

War ja gestern eine richtige Kaufpanik bei Talk in USA.
Vor der Meldung über den California Rollout hatte ich noch kleine Zweifel, ob Talk kurzfristig die 2 $ überwinden kann.
Diese Zweifel wurden Gott sei Dank mit dem gestrigen Handelstag pulverisiert.
Talk. com = Strong buy!!!

[berniek]

naja ,sagen wir mal so:wer jetzt schon drinne ist der hatte den richtigen riecher,aber die gefahr der gewinnmitnahme schwebt nun erstmal über der aktie.darüber sollte sich jeder neu einsteiger im klaren sein.
talk.com ist keine klitsche und die neu ausrichtung "bundle service" kommt gut an.(verständlich bei den chaotischen amerikanischen telefonabrechnungen mit verschiedenen gesellschaften)

wir werden mal sehen ob die "4" oder die zocker gewinnen.....

[ow36]

Monday April 9, 8:02 am Eastern Time

Press Release

TALK.com, Moving Across America, Takes New Name: Talk America
RESTON, Va.--(BUSINESS WIRE)--April 9, 2001--TALK.com (Nasdaq NM: TALK - news), an integrated communications provider of bundled local and long distance services to residential and small business customers, will now be known as Talk America Holdings, Inc. The company will keep its current URL, www.talk.com and will market under the TalkAmerica brand.

``As we continue to answer the call for bundled telecom services from New York to California, we have chosen the name `TalkAmerica` to reflect our coast-to-coast reach,`` stated Chairman and CEO of Talk America, Gabe Battista. ``While our scope may be growing, TalkAmerica still maintains our `neighbor next door` approach to customer service, which includes 24/7 support, real-time rating and billing information along with one bill for all your telecommunications needs.``

Talk America recently expanded into its first west coast RBOC region (Pacific Bell), and now offerings local and long distance bundled services to consumers in 13 states. Talk America realized a 70% jump in local and long distance bundle sales from third to fourth quarter of last year and has already signed up approximately 10,000 California customers. By the end of 2001, Talk America`s national presence will be comprised of 28 states, which covers approximately 70% of the residential U.S. population.

Offering the simplicity and value of an all-in-one provider, Talk America utilizes UNE-P facilities to ensure rapid and broad geographic reach. UNE-P is a vehicle for delivering local services that enables Talk America to lease an entire platform of service elements from the incumbent provider, in order to provide customers with a full range of telecommunications services at the same or better quality than their current provider. Talk America then adds enhanced service features and provisions the customer in a quick, seamless fashion.

About Talk America

Talk America, is a rapidly growing integrated communications provider marketing a bundle of local and long distance services to residential and small business customers utilizing its proprietary ``real-time`` online billing and customer service platform. The Company delivers value in the form of savings, simplicity and quality service to its customers based on the efficiency of its low-cost, nationwide network and the effectiveness of its systems that interface electronically with the Bell Operating Companies.

For further information, visit the Company online at: www.talk.com.

Please Note: ``Safe Harbor`` statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Talk America`s business that are not historical facts are ``forward-looking statements`` that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in its Annual Report on Form 10-K for the year-ended December 31, 2000.

[Nando]

Moin,

wenn die dashalbwegs schaffen mit dem "Service-Rollout" in 28 Staaten (jetzt 13), dann sitzen wir auf einer schönen Chance.

Mir ist das Ausmass der Vertragsbindung an AOL (ok die sind mit ca. 8% beteiligt, aber sonst) nicht so recht klar, davon wird ständig im RB-board erzählt, habt ihr dazu mehr Infos?????

Danke und Gruß
Nando

[ow36]

Talk nun auch in Michigan.

http://www.talk.com/web.cgi/user/talkirpressroom4.24.01.htm

[Nando]

Moin,

http://thetelecommanalyst.com/individual/010424sections/spot…

V. Grover der Analyst von Kaufmann zu Talk (kopiert aus dem Yahoo Board), der ist wie immer positiv. Sein Kursziel $13 in 12 Monaten, na ja ich bin auch schon mit weniger zufrieden ;-)).

Anyway, fundamental sieht es gut, angeblich soll der Cashflow Mitte des Jahres positiv werden, nächstes Jahr voll in der Gewinnzone (alle Quartale). Party on.

Gruß
nando

[ow36]

Also am Mittwoch kann es einiges nach oben gehen. Bei positiven zahlen sind gute 30% drin.

Talk America First Quarter Earnings Notification
RESTON, Va.--(BUSINESS WIRE)--April 25, 2001--Talk America (Nasdaq NM: TALK - news), an integrated communications provider of both local and long distance services, is scheduled to announce first quarter 2001 operating results on Thursday, May 3, 2001 at 3:00 p.m. EDT.

Talk America Senior Management will host a conference call to discuss the quarter at 4:30 p.m. EDT on Thursday, May 3, 2001. The call can be accessed by dialing the following: US [phone], International [phone]. A replay of the call will be available through May 10, 2001 by dialing the following: US [phone], International [phone]. The reservation number for the replay is 18712688.

Additionally, a live web simulcast of the conference call will be available online at www.talk.com, www.vcall.com and www.streetevents.com.

[Nando]

Hi,

die Verizon und Worldcom Zahlen sind gut aufgenommen worden, das gleiche wird wohl auch bei Talk passieren. Zumal die ja momentan Expansionskurs fahren.

Gruß
Nando

[Nando]

Hi,

http://biz.yahoo.com/bw/010501/2109.html

Die Zusammenarbeit mit AOL (non-exclusive) wird erweitert ab dem 3. Quartal und dauert bis Juni 2003 an.

Das sollte dem Kurs helfen ;-).

Gruß
Nando

[ow36]

Sehen wir morgen die 2,60 ?????

[Nando]

Hi,

heute q-zahlen nach B-schluss in den USA.

Gruß
Nando

[ow36]

Wie ist eure Prognosse für die nächsten tage, sehen wir die 3 USD oder wieder unter 2 USD ????

[ow36]

Wieso kommen die Zahlen nicht sonst auch früher??? Hat dies etwas zu bedeuten???

[ow36]

Talk America Announces First Quarter Financial Results
RESTON, Va.--(BUSINESS WIRE)--May 3, 2001--


Sequential Growth in Bundled Revenue Exceeds 55 Percent Gross Margins Increased to a Record 53 Percent Achieved Goal of Positive EBITDA

Talk America (NASDAQ NM:TALK), an integrated communications provider, today announced financial results for the first quarter ended March 31, 2001.

Total bundled sales for the first quarter increased 55% sequentially to $49.7 million, up compared with bundled revenue of $32.1 million in the fourth quarter 2000. Total sales for the first quarter increased 4.8% sequentially to $137.8 million compared with reported revenue of $131.5 million for the fourth quarter 2000. The Company reported record gross profit margins of 53.1% for the first quarter, a significant increase over the 48.8% gross profit margins from the fourth quarter 2000.

The Company reported positive EBITDA for the first quarter 2001 of $478 thousand, in line with guidance, which represents approximately a $28 million sequential improvement over the reported EBITDA loss of $27.8 million for the fourth quarter 2000. The Company`s net loss for the quarter was $10.1 million compared with a reported net loss of $39.6 million for the fourth quarter 2000.

Commenting on the quarter, Gabe Battista, Chairman and CEO stated, "Talk America delivered significantly improved financial results while expanding our operations to cover three new RBOC territories. We achieved strong bundled revenue growth, record gross margins and positive EBITDA for the quarter as projected and we are on track to be free cash flow positive in the second quarter. With greater visibility into our business model, we are confident in our ability to capitalize on this large and sustainable opportunity in the consumer voice services market."

Mr. Battista continued, "We are looking to build a scalable national platform for bundled services. We plan to open 14 new states in the next nine months and complete our interconnection with the last remaining RBOC. With this aggressive expansion plan, we will focus on operating efficiency and proving out the cash flow potential of our business model. Although this will result in slower growth in the short term, this will position the Company for accelerated growth with an optimized and scalable platform in 2002."

The Company`s operational and financial targets for the second quarter and year ended 2001 are as follows:

Metrics Q2 2001 Year End 2001
------- ------- -------------
Billed Local Lines 315,000 450,000
Bundled Revenue Growth 5-10% 350-400%

Q2 2001 Year End 2001
------- -------------
Long Distance Revenue Growth down 5-10% down 30%
EBITDA $4-$6 million $25-$30 million


The Company will hold a conference call to discuss these results beginning at 4:30 p.m. Eastern Time Thursday, May 3, 2001. Dial in number for the call is (888) 843 - 1795. International callers should dial (212) 271 - 4786. Individual investors are invited to listen to the conference call over the Internet through Vcall, a service of the Investor Broadcast Network, at http://www.vcall.com. To listen to the live call, please go to the Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. You may also listen to the call live at www.talk.com or www.streetevents.com. In addition, a replay will begin shortly after the call has ended and will be available for 7 days. The replay number to listen to the call is: (800) 633 - 8284 (Domestic) or (858) 812 - 6440 (International) and the passcode for the replay is 18712688.

ABOUT TALK AMERICA


Talk America is a rapidly growing integrated communications provider marketing a bundle of local and long distance services to residential and small business customers utilizing its proprietary "real-time" online billing and customer service platform. Talk America has added local service to its offerings, after ten years as a long distance provider, serving up to 1.5 million customers nationwide. The Company delivers value in the form of savings, simplicity and quality service to its customers based on the efficiency of its low-cost, nationwide network and the effectiveness of its systems that interface electronically with the Bell Operating Companies. For further information, visit the Company online at: www.talk.com.

Please Note: Certain of the statements contained herein may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are identified by the use of forward-looking words or phrases, including, but not limited to, "estimates," "expects," "expected," "anticipates," and "anticipated." These forward-looking statements are based on the Company`s current expectations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to have been correct. Forward-looking statements involve risks and uncertainties and the Company`s actual results could differ materially from the Company`s expectations. In addition to those factors discussed in the foregoing, important factors that could cause such actual results to differ materially include, among others, increased price competition for long distance and local services, failure of the marketing of the bundle of local and long distance services and long distance services under its agreements with its various marketing partners and its direct marketing channels, attrition in the number of end users, adverse developments in the Company`s relationship with its marketing partners, failure or difficulties in managing the Company`s growth, including attracting and retaining of qualified personnel, failure of the Company to expand its offering of local bundled services to new states, failure to provide timely and accurate billing information to customers, interruption in the Company`s network and information systems, and changes in government policy, regulation and enforcement. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in its Annual Report on Form 10-K for the year-ended December 31, 2000. The Company undertakes no obligation to update its forward-looking statements.

TALK AMERICA HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except for per share data)
(Unaudited)

For the Three Months
Ended March 31,
2001 2000

Sales $137,831 $156,043

Cost of sales 64,705 86,528

Gross profit 73,126 69,515

Operating expenses:
General and administrative expenses 20,445 12,196
Provision for Doubtful Accounts 14,697 5,164
Promotional, marketing
and advertising expenses 37,505 36,651
Depreciation and amortization 9,214 1,838

Total operating expenses 81,861 55,849

Operating income (loss) (8,735) 13,666

Interest income (expense) (1,061) 307
Other expense, net (352) (343)

Income (loss) before
provision for income taxes (10,148) 13,630

Provision for income taxes -- 250

Net income (loss) ($10,148) $13,380

======================================================================

Basic Earnings per Share:

Net income (loss) ($ 0.13) $ 0.20

Weighted average common shares outstanding 78,372 65,302

Diluted Earnings per Share:

Net income (loss) ($ 0.13) $ 0.20

Weighted average common and common
equivalent shares outstanding 78,372 68,401


SELECTED BALANCE SHEET HIGHLIGHTS
(Unaudited)
(In Thousands)

March 31, March 31,
2001 2000

Cash and cash equivalents $22,484 $88,440
Total current assets $86,409 $160,726
Total assets $388,568 $232,036
Total current liabilities $92,681 $63,192
Convertible debt $84,945 $84,950
Contingent Redemption $114,630 $114,630
Stockholders` equity (deficit) $72,959 ($42,487)

SOURCE: Talk America Holdings, Inc.

Please see accompanying notes to consolidated financial statements


CONTACT: Fusion Public Relations
Christa D. Lauri
212/651-4218 (t)
212/840-0505 (f)
[e-mail]
or
Talk America
Ruth E. Abeshaus
877/OUR-STOCK (t)
215/862-1085 (f)
[e-mail]

[grischa1972]

was ist mit dem sch.. Kurs los????
warum sinkt er jetzt wieder??
kann mir das jemand erklären?

[Nando]

Moin,

vielleicht weil alle zuviel zu schnell wollten.

Der Rückzug aus dem margenschwachen long-distance geschäft hat umsatz gekostet, aber die zahlen werden besser weil Talk mit den bundled services bessere margen erzielt, aber den umsatz halt noch nicht dementsprechend steigern kann.

da waren wohl ein paar zocker drin die eine schnelle mark machen wollten.

Fundamental sieht es gut aus, die frage ist halt nur wann der markt reagiert. Es sieht so aus, als ob man wieder günstig zu kaufen kann. Just IMHO.

Gruß
nando

[ow36]

Mal wieder etwas neues zu talk:

Friday June 8, 5:01 am Eastern Time

Press Release
Talk America Completes Systems Testing For Local Service Rollout in Ohio

RESTON, Va.--(BUSINESS WIRE)--June 8, 2001--Talk America (Nasdaq NM: TALK - news), an integrated communications provider of bundled local and long distance services to residential and small business customers, today announced completion of its provisioning, billing and customer service testing in the Ameritech region of Ohio.

The expanded coverage increases the Company`s potential market of addressable residential subscribers to approximately 75 million lines and initiates Talk America`s fifteenth statewide launch of bundled phone services, since May of 2000. Ohio marks the second state in the Ameritech region where Talk America is fully integrated with Ameritech`s network and facilities and operationally ready to receive orders.

``We are pleased with performance levels in our provisioning and billing systems in Ameritech territory demonstrating our readiness to enter the Ohio market,`` said Gabe Battista, Chairman and CEO of Talk America. ``Our operational systems are now prepared to provide quality along with seamless service for future Ohio customers.``

Battista concluded, ``Since the FCC landmark 1999 order began to pave the way for an open market in residential telecommunications services, Talk America`s mandate has been to capture market share in the lucrative residential market. We believe the positive results of our current operations in Ohio coupled with thriving success in the fourteen existing states positions us for growth and reaffirms consumer demand for bundled telecommunications offerings.``

[ow36]

Was ist nur los mit talk. Habe ich etwas verpasst??????

[ow36]

The "real" Grandich has sent out two messages. The first was to inform his readers that he had just discovered an associate of his abusing their business relationship on several fronts and that he was severely reprimanded. I knew the petergrandich poster could not be the person posting here. I have copied in his latest comments. He doesn`t sell them so I do this strictly for informational purposes only. I do this only once because I value the real Grandich views. He`s one of the few wall street people who will always talk about the egg on his own face.



While I sit here very pleased that I foresaw the big decline in the stock market, the bear market rally that followed, and what appears to be the resumption of the decline to at least test the previous lows, I take no comfort in the fact that I have a very significant paper loss in the one stock I own-TALK.



I’ve been investing for nearly two decades, and in all those years never did I see a speculative opportunity like TALK is at the current price of $1. Hindsight is 20-20, but it’s fairly clear why we are here at this level:



1- The telecommunications sector is turning out to be the biggest disaster in the stock market in many, many years. Never has so much money gone into a sector, only to see huge losses across the board in a relative short period of time. We have gone from a belief that the entire world would be wired; to a belief we will be back using tom-toms to communicate.

2- The list of big-time blow-ups continues to grow. Nortel Networks announced after the close on Friday, one of the biggest losses ever. This has wide implications to anything remotely related to telecommunications. I have stated to many of you one-on-one, that I felt Lucent Technologies has a strong chance of filing for bankruptcy. I believe it’s now an 80/20 chance for it (up from 50/50 just a few weeks ago).

3- Within the telecommunications sector, CLECs (Competitive Local Exchange Carriers), which were once the darlings of Wall Street, have been taken out and shot. Several weeks ago, Winstar Communications blew up. Now today, McleodUSA, and XOXO Communications are trading like they are about to blow up as well. How does this affect TALK? TALK is a CLEC, but its key difference is being tossed out with the baby water. Unlike Winstar, McLeodUSA and XOXO, TALK didn’t take the approach “build it and they will come”. They instead have used UNE-P to capture customers at a rapid pace without the tremendous high costs associated with building a network like WINSTAR, MCLEOD and XOXO. Unfortunately, they are being included in this bloodbath.

[Nando]

Moin,

Ich sehe das auch nicht dramatisch. Vielleicht kaufe ich noch einmal nach zu diesen Spotpreisen, das Baby lege ich mir ein Jahr in Watte ,-)) und freue mich dann.

Gruß
nando

[ow36]

Talk ist im Sog des Russel sowie dem schweren Stand der Tel.-branche mit unter die Räder gekommen. Ich persönlich bleibe bei meinem Ziel binnen 6 - 9 Monate bei 5 Euro, binnen der nächsten 12 Monate könnte sogar 9 Euro drin sein. Sobald die ersten positiven Zahlen vorliegen springt der Wert an. Da es über talk fast nichts gibt, wäre ich euch dankbar wenn Ihr euro unverbindlichen Tips für die nächsten Monate hier reinstellen könntet.

[ow36]

Und es geht weiter.............

Bin ich eigentlich der einzigste der in talkAmerican investiert ist?????

Wednesday June 27, 8:17 am Eastern Time
Press Release

Talk America Utilizes OSS Capabilities to Offer Oklahoma Residents Customized Phone Service
Using the Net to Provide Real-time Access to Call Detail and Billing Information
RESTON, Va.--(BUSINESS WIRE)--June 27, 2001--Talk America (NASDAQ NM: TALK - news), an integrated communications provider of bundled local and long distance services to residential and small business customers, today announced completion of its provisioning, billing and customer service testing in the Southwestern Bell region of Oklahoma, the second state in this region where Talk is offering service.

The Company`s expansion into Oklahoma completes its 16th state rollout and increases the addressable market to approximately 77 million lines. Talk America is fully integrated with Southwestern Bell`s network and facilities and operationally ready to receive consumer orders.

``Our entry into Oklahoma demonstrates how our proprietary OSS infrastructure has paved the way for extremely efficient provisioning, billing and customer service capabilities,`` said Gabe Battista, Chairman and CEO of Talk America. ``That is why we have successfully entered sixteen markets, without the huge coding efforts and development costs that hinder larger companies with legacy systems.``

Talk America`s OSS infrastructure has integrated all customer support applications with the latest technology servers, storage and database systems, enabling the Company to competitively customize service offerings around the needs of each locale. This flexible technology provides Talk America with the strength and scalability necessary to succeed in the demanding local services market. The Company processes millions of call records each day, provides real-time rating of services and call detail, creates rapid changes to pricing, plans and promotions and provides 24/7 customer service. The OSS infrastructure also utilizes web-based self-provisioning systems that allow customers to easily sign-up for all services and features as well as check order status online.

[Nando]

Moin,

OW du bist nicht allein ;-).

Kalifornien, Ohio, Oklahoma weiter weiter weiter ......, das wird sich auch irgenwann in den Zahlen niederschlagen, da dort die margenstarken services angeboten.

Wenn der Markt seine Depri Phase hinter sich hat dann geht es wieder voran. Ich kaufe derweil in kleinen Häppchen nach.

Gruß
nando

[ow36]

...und es geht weiter Nr. 17!!!!!!!!!!!!!!

Talk America is Bringing Bundled Phone Service to Customers in Massachusetts
Expansion of Bundled Services To Seventeen States Contributes to Talk America`s Growing Market Share
RESTON, Va.--(BUSINESS WIRE)--June 29, 2001--Talk America (Nasdaq NM: TALK - news), an integrated communications provider of bundled telecom services to residential and small business customers, is operationally ready to provide all-in-one local and long distance service packages to four million subscribers in the Verizon region of Massachusetts.

This marks the second state in NYNEX territory (now known as Verizon) in which Talk America has fully integrated with its networks and systems, expanding its national presence to 17 states and increasing the total number of current addressable access lines to approximately 81 million. Talk America plans to expand to 11 additional states by the end of the year, bringing the addressable line count to over 120 million.

``This successful entrance into Massachusetts continues to validate our local services platform as a viable path for competitive entry and a business model that is proving itself,`` said Gabe Battista, Chairman and CEO of Talk America. ``Our decision to lease the network elements from Verizon, combined with our own high-quality long distance network, allows us to offer a unique service to the large and attractive residential market. This strategy has enabled us to sustain financial flexibility, remaining on track to become cash flow positive by the end of the second quarter. We are proud of this benchmark in today`s challenging telecommunications market.``

The synergy of local and long distance services enables the Company to provide a singular product that is both integrated and flexible. This quality package offers a simple, solution to consumers. Talk America utilizes its unique OSS platform to process and rate millions of call records daily, offer 24/7 customer support and provide real-time call detail that is accessible on one simple bill.

[ow36]

Tuesday July 3, 10:00 am Eastern Time
Press Release
Talk America Expects to Take Second Quarter Accounting Charges
RESTON, Va.--(BUSINESS WIRE)--July 3, 2001--Talk America (Nasdaq NM: TALK - news), an integrated communications provider, today announced that the Company expects to take a non-cash charge in the second quarter to reflect an increase in the provision for doubtful accounts. This charge which is expected to be in the range of $12 to $15 million is associated with customers acquired through targeted direct marketing programs. Excluding this charge, the Company expects second quarter and year-end results to be in line with previously announced EBITDA guidance. Despite the charges, the Company indicated that it increased subscribers and improved its cash position during the quarter.

Commenting on the announcement, Gabe Battista, Chairman and Chief Executive Officer of Talk America, stated, ``We identified provisioning issues with our targeted direct marketing programs in the first quarter and are now seeing the poor credit quality associated with those customers who made it through the provisioning process. Fortunately, the corrective actions taken in the first quarter to address provisioning will also alleviate credit quality issues on a going forward basis.``

Mr. Battista continued, ``These are non-cash charges and will not impact our future results. Our Company has made tremendous progress in proving out our local business model and we are encouraged by the proven demand for our bundled service offering, significant improvements made to our provisioning process as we expand our service coverage area, the strength of our integrated back office systems and the huge opportunity that lies ahead.``

In addition to these non-cash charges, the Company, as previously disclosed, expects to take a non-cash charge to earnings that could be in excess of $40 million in accordance to new accounting rules that took effect during the second quarter. The FASB EITF has issued, ``Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company`s Own Stock,`` which addresses how such contracts should be classified and measured by the Company. Under this issue, contracts that require net-cash settlement would be initially classified as assets or liabilities, and then measured at fair value, with changes in fair value reported in earnings and disclosed in the financial statements as long as the contracts remain classified as assets or liabilities. If contracts classified as assets or liabilities are ultimately settled in shares, any gains or losses on those contracts should continue to be included in earnings. This abstract is effective for all contracts that remain outstanding at June 30, 2001, and presented that date as a cumulative effect of a change in accounting principle.

The Company expects to announce its second quarter results the week of August 6, 2001.

[ow36]

Muß man dies verstehen?????
Wer verkauft jetzt:
14:20 1,05 2.900
14:13 1,10 4.233

[ow36]

Mein eigenes Board:

Talk America Sees 2nd Quarter $12M-$15 Million Charge

RESTON, Va. -(Dow Jones)- Talk America Holdings Inc. (TALK) expects to take a noncash, second quarter charge of $12 million to $15 million to reflect an increase in the provision for doubtful accounts associated with customers acquired through targeted direct marketing programs.
Excluding this charge, Talk America expects second quarter and year-end results to be in line with previously announced guidance for earnings before interest, taxes, depreciation and amortization, the company said in a press release Tuesday.

In May, the company had said it expects second quarter EBITDA of $4 million to $6 million and EBITDA for the year is projected at $25 million to $30 million.

In addition to these noncash charges, Talk America, as previously disclosed, expects to take a noncash charge to earnings that could be more than $40 million in accordance to new accounting rules that took effect during the second quarter.

For the 2000 second quarter, Talk America posted a loss of $891,000, or 1 cent a share, on sales of $135.8 million.

For the 2000 year, Talk America lost $61.9 million, or 88 cents a share, on sales of $544.5 million.

(This story was originally published by Dow Jones Newswires)

[ow36]

RESTON, Va.--(BUSINESS WIRE)--July 25, 2001--Talk America (Nasdaq NM: TALK), an integrated communications provider of bundled local and long distance services to residential and small business customers, is scheduled to announce second quarter 2001 operating results before market open on Wednesday, August 8, 2001.

Talk America Senior Management will host a conference call to discuss the quarter at 10:00 a.m. ET on Wednesday, August 8, 2001. The call can be accessed by dialing the following: US [phone], International [phone]. A replay of the call will be available through 12:00 p.m. ET on August 16, 2001 by dialing the following: US [phone], International [phone]. The reservation number for the replay is 19442282.

Additionally, a live web simulcast of the conference call will be available online at www.talk.com, www.vcall.com and www.streetevents.com. About Talk America

[Nando]

Hi,

Also irgendwer (welcher Fond) muss immer noch Mengen von Aktien auf den Markt schmeissen.

Und auf die Käuferseite mag sich auch keiner schlagen. Na ja dann wollen wir erst einmal die Zahlen abwarten, angekündigt wurden ja gute - positiver Cash Flow -!

Gruß
nando

[Genialos]

Hallo Nando

bist wohl so ziemlich der einzige der hier den Laden hochhält. Hatte deiner Empfehlung gefolgt und bei 1,2 Euro nachgekauft - nicht gerade die wunderbare Brotvermehrung.

Laut Consors hat talk eine Marktkapitalisierung von 14 Mio Euro - kann das stimmen ? Wenn ich eine Mitteilung von Talk nach in den Augen habe sprachen sie von einem verfügbaren "Barmitteln von 70 Mio Dollar" - sind die schon aufgebraucht ??

wieviel Schulden hat talk konkret ?

So ganz wird einer die Zusammenhänge wohl eh nicht verstehen - ich hoffe jedoch dass es wieder aufwärts geht, zumindest nach den nächsten Zahlen.

Gruß - der hoffende und Mitstreiter-

[MichaelMyers]

hi,

soll man da jetz reingehen??
was meint ihr?

[ow36]

Könnte heute richtig interessant werden. Bereits vorbörslich +15%. Ich denke der Kurs wird in den nächsten Tagen recht stark anziehen:

1.) Nasdaq streicht PennyStocks nach 30 Tagen unter 1USD und der 90 Tage Frist. Talk ist jetzt fast schon am Limit.

2.) Sehr starker vorbörslicher Handel heute

3.) Quartalszahlen werden erstmalig nicht nach Börsenschluß veröffentlicht.

Mein persönliches Fazit: Starker Kursanstieg in den nächsten Tagen.

[Nando]

Moin,

das was im Moment da passiert finde ich sehr merkwürdig. 20% + und dann wieder 20% -!

Für mich ist da immer mehr Risiko in diesem Wert, weil man von keiner Seite etwas hört. Vom Untermehmen -IR-, von Analysten (OK, Talk hat kaum einer (2 lt. Yahoo, Kaufmann Bros. und Wachovia (?) auf dem Zettel), aber mit solchen Sprüngen will irgendjemand Geld verdienen.

@Genialos: Bei Yahoo hat Talk Kap. von 40 Mio$ (umsatz 526,3 Mio$, Umsatz/Aktie ~ 7,0$) und Cash von ca. 23 Mio USD, Book Value 0,93 $. Mein Preis liegt jetzt auch im Schnitt bei ca. 1,2 Euro. Aber verschenken will ich die nicht.

@michael myers: bei dem Risilo momentan kann ich das keinem raten. Warte doch die Zahlen am 8 August ab, dann steht bei mir auch auch die Entschiedung an. Nur verkaufen würde ich im Moment nicht.

Gruß
nando

[ow36]

@MichaelMyers Hoffentlich bist Du noch rechtzeitig eingestiegen, + 40% in einer Woche.

Sollten die Zahlen gut sein, werden wir sicherlich wieder Richtung 1,50 gehen

[ow36]

Wie interpretiert Ihr die Zahlen. Wenn ich es richtig verstanden haben ist es positiv

Die Gesprächsumsätze erhöhten sich um $52,9 Mio.
Bruttogewinn in 02/01 + 22% oder $ 70,2 Mio.
Ebita von $1,1 Mio

http://biz.yahoo.com/bw/010808/0024.html

[Genialos]

Hallo OW 36

wie du vielleicht schon festgestellt hast sind die Zahlen ganz schön mies - zwar positiver trend aber bei über 62 mio dollar verlust und ca 80 cent pro Aktie ist wohl noch ein langer Weg bis buffalo - habe die Nase gestrichen voll -
ganz schön sauer

G.

[Genialos]

Hallo,

die Zahlen sind zwar besser, aber immer noch mies - über 62 mio verlust bei 80 cent pro aktie - leere versprechung und wer sind die gearschten - wir
ganz schön sauer G.

[Nando]

Moin,

cash flow ist wie angekündigt positiv. Ich sehe das alles nicht so schwarz.

Zu dem Preis verkaufe ich nicht, der Trend geht bei den Zahlen nach oben. Im Detail schaue ich mal am WE rein, so weit ich das verstehe ;-).

Gruß
nando

[ow36]

Langsam sind wir wieder bei Einsteigerkursen. Ich habe recht günstig und gekauft und gut verkauft.

Grundsätzlich finde ich die zahlen gar nicht so schlecht, der verlust ist zwar hoch, aber aufgrund der neuen bewertungsmethode und den Marketingaufwendungen denke ich ist im Moment noch alles im grünen bereich. Talk wird im 3 + 4 Quartal kräftig zulegen und somit sind bald wieder Kurse über 1 Euro drin.

[teicker]

Auch gut für Talk:

Nasdaq setzt Delisting-Regeln aus



An der Nasdaq geführte, so genannte Pennystocks erhalten nach den Terroranschlägen vom 11. September eine Gnadenfrist. Um der derzeitigen Unsicherheit an den Finanzmärkten entgegenzuwirken, hat das Nasdaq Board of Directors in der gestrigen Nacht beschlossen, die geltenden Regeln zunächst auszusetzen.

Normalerweise werden Unternehmen, deren Aktienkurs an 30 aufeinanderfolgenden Tagen ein bestimmtes Niveau unterschreitet und deren Marktkapitalisierung im gleichen Zeitraum ebenfalls unter einem bestimmten Level liegt, nach weiteren 90 Tagen aus dem Index entfernt. Diese Regelungen sind nun bis zum 2. Januar 2002 außer Kraft gesetzt.