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Loureiro Bows Out of StarMedia with Bite
6/4/2001 6:15:00 PM
By Renata de Freitas
SAO PAULO, Brazil (Reuters) - Francisco Loureiro, who until Friday was chief operating officer of Internet media company StarMedia Network Inc. (STRM) , slammed StarMedia`s management team on Monday for focusing on image instead of profitability.
StarMedia dismissed Loureiro`s comments as irrelevant.
Loureiro, who said he had left the firm although his contract had yet to be canceled, told Reuters that he had differed with management over a recently-announced financing agreement with BellSouth Corp. (BLS) and other investors that netted StarMedia $36 million.
Loureiro said the funds were barely more than the $31.2 million loss posted by StarMedia in the first quarter, leaving the company still vulnerable.
``This kind of money evaporates very quickly,`` Loureiro said in a telephone interview from New York. ``For BellSouth, this is an interesting and appropriate deal. But it doesn`t seem to me that this value of money for the company (StarMedia) guarantees long-term sustainability,`` he said.
A StarMedia spokeswoman said Monday that Loureiro`s comments were ``irrelevant because he was terminated`` as of Friday. The company declined to comment further.
StarMedia said on Wednesday that it received $25 million from local phone operator BellSouth, $5 million from media firm Primedia Inc. (PRM) and $6 million from J.P. Morgan Partners and other private investors.
In return, BellSouth gained an 11 percent stake in StarMedia, which targets Spanish- and Portuguese-speakers. The funds gave the Internet company some breathing room in its mission to turn a profit and the agreement pushed up StarMedia`s stock last week.
Loureiro, a Brazilian, said Chairman and Chief Executive Fernando Espuelas and Vice Chairman Jack Chen had ignored a profitability plan he drew up that sought to make the company cash-flow positive by the end of 2000.
``I never believed that a company could sustain itself with external financing. Rather it has to generate results internally,`` said Loureiro, formerly president of America Online Latin America (AOLA) .
He said Espuelas and Chen were obsessed with raising fresh capital.
Loureiro, who joined StarMedia in December 1999, also criticized the company for maintaining cash-draining operations, particularly its headquarters in top-dollar office space in New York.
``The company all works as a question of image,`` he said. ``Creating the image of producing results without having the results.``
Loureiro`s departure comes after StarMedia announced a management shuffle on Friday. StarMedia promoted the former general manager of StarMedia`s mobile division, Enrique Narciso, to the post of president while Chen was named vice chairman of the board.
StarMedia shares ended down 19 cents, or 7.5 percent, at $2.35 in Monday trading on Nasdaq. The stock has a 52-week range of $1.50 to $21.50.
Reut18:15 06-04-01
6/4/2001 6:15:00 PM
By Renata de Freitas
SAO PAULO, Brazil (Reuters) - Francisco Loureiro, who until Friday was chief operating officer of Internet media company StarMedia Network Inc. (STRM) , slammed StarMedia`s management team on Monday for focusing on image instead of profitability.
StarMedia dismissed Loureiro`s comments as irrelevant.
Loureiro, who said he had left the firm although his contract had yet to be canceled, told Reuters that he had differed with management over a recently-announced financing agreement with BellSouth Corp. (BLS) and other investors that netted StarMedia $36 million.
Loureiro said the funds were barely more than the $31.2 million loss posted by StarMedia in the first quarter, leaving the company still vulnerable.
``This kind of money evaporates very quickly,`` Loureiro said in a telephone interview from New York. ``For BellSouth, this is an interesting and appropriate deal. But it doesn`t seem to me that this value of money for the company (StarMedia) guarantees long-term sustainability,`` he said.
A StarMedia spokeswoman said Monday that Loureiro`s comments were ``irrelevant because he was terminated`` as of Friday. The company declined to comment further.
StarMedia said on Wednesday that it received $25 million from local phone operator BellSouth, $5 million from media firm Primedia Inc. (PRM) and $6 million from J.P. Morgan Partners and other private investors.
In return, BellSouth gained an 11 percent stake in StarMedia, which targets Spanish- and Portuguese-speakers. The funds gave the Internet company some breathing room in its mission to turn a profit and the agreement pushed up StarMedia`s stock last week.
Loureiro, a Brazilian, said Chairman and Chief Executive Fernando Espuelas and Vice Chairman Jack Chen had ignored a profitability plan he drew up that sought to make the company cash-flow positive by the end of 2000.
``I never believed that a company could sustain itself with external financing. Rather it has to generate results internally,`` said Loureiro, formerly president of America Online Latin America (AOLA) .
He said Espuelas and Chen were obsessed with raising fresh capital.
Loureiro, who joined StarMedia in December 1999, also criticized the company for maintaining cash-draining operations, particularly its headquarters in top-dollar office space in New York.
``The company all works as a question of image,`` he said. ``Creating the image of producing results without having the results.``
Loureiro`s departure comes after StarMedia announced a management shuffle on Friday. StarMedia promoted the former general manager of StarMedia`s mobile division, Enrique Narciso, to the post of president while Chen was named vice chairman of the board.
StarMedia shares ended down 19 cents, or 7.5 percent, at $2.35 in Monday trading on Nasdaq. The stock has a 52-week range of $1.50 to $21.50.
Reut18:15 06-04-01
News Headlines and Company Releases for Starmedia Network Inc (STRM)
4:16pm 11/01/01 StarMedia moving forward with wireless business - Reuters U.S. Company News
3:17pm 10/31/01 StarMedia Network launches location-based service - CBS MarketWatch.com
3:15pm 10/31/01 StarMedia Unveils Comprehensive Location-Based Service Capabilities For Wireless Carriers in Latin America - PRNewswire
4:49pm 10/08/01 MSNBC.com in content deal to serve U.S. Hispanics - Reuters U.S. Company News
7:13pm 09/20/01 Wechsler Harwood Halebian & Feffer LLP Announces Class Periods - Internet Wire
10:33am 09/17/01 Stream International Holdings withdraws IPO - Reuters U.S. Company News
9:30pm 09/08/01 Stull, Stull & Brody Brings Class Actions Targeting IPO Underwriters - Internet Wire
7:03am 08/26/01 Stull, Stull & Brody Brings Class Actions Targeting IPO Underwriters - Internet Wire
5:32pm 08/20/01 Schiffrin & Barroway, LLP Announces Class Periods for Shareholder Lawsuits-- ABTL, EPAY, CNQR, PER; CORRECTED - this release corrects release of August 17 - PrimeZone
11:31pm 08/18/01 Stull, Stull & Brody Brings Class Actions Targeting IPO Underwriters - Internet Wire
3:20pm 08/17/01 Schiffrin & Barroway, LLP Announces Class Periods for Shareholder Lawsuits Against Several Companies Who Recently Issued IPOs -- ABTL, EPAY, CNQR, PER - PrimeZone
1:28pm 08/16/01 Wechsler Harwood Announces Securities Class Action Suit Against StarMedia Network, Inc. (Nasdaq: STRM) - PRNewswire
6:47pm 08/10/01 Class Action Lawsuit Commenced Against StarMedia Network, Inc. By The Law Offices of Marc S. Henzel - PRNewswire
9:15pm 08/08/01 Stull, Stull & Brody Brings Class Actions Targeting IPO Underwriters - Internet Wire
5:39pm 08/08/01 Wolf Haldenstein Adler Freeman and Herz LLP Commences StarMedia Network Class Action - PRNewswire
10:52am 08/08/01 StarMedia stock falls amid change at top, Q2 result - Reuters U.S. Company News
7:23pm 08/07/01 UPDATE 3-StarMedia unlikely to break even in Q4 - Reuters U.S. Company News
5:38pm 08/07/01 UPDATE 2-StarMedia Q2 loss narrows, CEO Espuelas steps down - Reuters U.S. Company News
4:54pm 08/07/01 New Starmedia CEO says Q4 breakeven unlikely - Reuters U.S. Company News
4:40pm 08/07/01 StarMedia Loss Narrows, CEO Espuelas Steps Down - Reuters U.S. Internet News
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ING Barings StarMedia Target as Low as It Gets: Call of the Day
Lars Schonander of ING Barings says he couldn`t have aimed much lower when setting a new price target for Web site operator StarMedia Network Inc.`s shares.
08/09/2001 17:00
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ING Barings` Forecast for StarMedia`s Stock: 20 Cents (Update1)
Lars Schonander of ING Barings says he couldn`t have aimed much lower when setting a new price target for Web site operator StarMedia Network Inc.`s shares.
08/09/2001 16:36
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StarMedia Network Cut to `Sell` at ING Barings
StarMedia Network Inc. (STRM US) was downgraded to ``sell`` from ``hold`` by analyst Lars Schonander at ING Barings. The price target is $0.20 per share.
08/09/2001 09:25
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StarMedia Seen Struggling to Stay Above $1: Call of the Day
Lehman Brothers Inc.`s Michael Simpson slashed his prediction for StarMedia Network Inc.`s share price by three quarters. If the stock reaches his forecast, the Internet company still will face possible delisting by the Nasdaq Stock Market.
08/08/2001 16:49
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StarMedia Network Cut to `Market Underperform` at Lehman
StarMedia Network Inc. (STRM US) was downgraded to ``market underperform`` from ``market perform`` by analyst Michael Simpson at Lehman Brothers.
08/08/2001 10:53
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StarMedia Networks Reiterated `Hold` at CSFB
StarMedia Network Inc. (STRM US) was reiterated ``hold`` by analyst William M Landers at Credit Suisse First Boston.
08/08/2001 08:13
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New York Trinity Church Feels Pinch From Internet (Update1)
What the Internet boom gaveth, the bust taketh away. That`s the lesson that the Parish of Trinity Church, a Manhattan landlord since 1705, has learned.
07/02/2001 16:44
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New York Landlord Trinity Church Feels Pinch of Internet Plunge
What the Internet boom gaveth, the bust taketh away. That`s the lesson that the Parish of Trinity Church, a Manhattan landlord since 1705, has learned.
07/02/2001 15:53
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StarMedia Network Price Target Cut at Santander Central Hispano
StarMedia Network Inc. (STRM US) was maintained ``hold`` by analyst Robert Hinchcliffe at Santander Central Hispano Investment. The year-end 2001 price target was cut to $2.10 from $4.00.
06/13/2001 09:39
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Starmedia Netwrk Raised to `Hold` at ING Barings
Starmedia Network Inc. (STRM US) was raised to ``hold`` from ``sell`` by analyst Lars Schonander at ING Barings. The price target is $2.55 per share.
06/05/2001 16:04
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StarMedia Appoints Narciso President, Replaces Chen (Update1)
StarMedia Network Inc., the Internet media company partly owned by BellSouth Corp., named Enrique Narciso president, replacing co-founder Jack Chen.
06/01/2001 18:33
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Starmedia Netwrk Cut to `Sell` at ING Barings
Starmedia Network Inc. (STRM US) was downgraded to ``sell`` from ``hold`` by analyst Lars Schonander at ING Barings. The 12-month target price is $2.55 per share.
06/01/2001 10:12
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Starmedia Cut to `Neutral` at Bear Stearns
Starmedia Network Inc. (STRM US) was downgraded to ``neutral`` from ``buy`` by analyst Christopher A. Recouso at Bear, Stearns & Co.
06/01/2001 07:53
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U.S. Equity Movers Final: CEC Entertainment, H Power, StarMedia
The following is a list of companies whose shares moved in U.S. markets Thursday, May 31. The stock symbol is in parentheses after the company name.
05/31/2001 17:25
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StarMedia Shares Rise 38% After BellSouth Buys Stake (Update3)
Shares of StarMedia Network Inc. rose 38 percent after U.S. local-telephone company BellSouth bought an 11 percent stake in the Internet media company that targets Spanish-speaking consumers.
05/31/2001 16:17
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StarMedia Shares Rise 60% After BellSouth Buys Stake (Update2)
Shares of StarMedia Network Inc. rose as much as 60 percent after U.S. local-telephone company BellSouth bought an 11 percent stake in the online media company that targets Spanish-speaking consumers.
05/31/2001 15:20
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U.S. Equity Movers: Alloy Online, CEC Entertainment, StarMedia
The following is a list of companies whose shares are moving in U.S. markets Thursday, May 31. The stock symbol is in parentheses after the company name.
05/31/2001 10:32
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StarMedia Network Shares Rise After BellSouth Buys 11% Stake
Shares of StarMedia Network Inc. rose as much as 54 percent in early trading after BellSouth Corp. paid $25 million for an 11 percent stake in the online media company.
05/31/2001 09:08
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U.S. Equity Preview: Citrix, Rogers Wireless, Sprint, StarMedia
The following is a list of companies whose shares may move in U.S. markets Thursday, May 31. U.S. Equity Preview includes news that broke after markets closed Wednesday. Stock symbols are in parentheses after the company name.
05/31/2001 08:58
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PacifiCare Health Shares Fall; Index Futures Gain: After-Hours
PacifiCare Health Systems Inc. shares fell in extended trading after the health-care insurer cut its forecast for 2001 profit, citing a sharper-than- anticipated rise in medical costs.
05/30/2001 19:12
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StarMedia Netwrk Cut to `Market Perform` at Goldman Sachs
StarMedia Network Inc. (STRM US) was downgraded to ``market perform`` from ``market outperform`` by analysts Michael K Parekh and Chris Hussey at Goldman, Sachs & Co. The 2001 revenue estimate was cut to $72 million from $108 million.
05/17/2001 08:18
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U.S. Companies Issuing Profit Outlooks the Week of May 7
The following U.S. companies provided their financial outlooks this week. There were a total of 113 companies issuing outlooks. The table is sorted alphabetically by ticker symbol. Estimates are provided by First Call/Thomson Financial unless otherwise noted.
05/11/2001 16:21
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U.S. Companies Issuing Profit Outlooks for May 11
The following U.S. companies provided their financial outlooks today. There were a total of 12 companies issuing outlooks. The table is sorted alphabetically by ticker symbol. Estimates are provided by First Call/Thomson Financial unless otherwise noted.
05/11/2001 16:21
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U.S. Companies Issuing Profit Outlooks the Week of May 7
The following U.S. companies provided their financial outlooks this week. There were a total of 113 companies issuing outlooks. The table is sorted alphabetically by ticker symbol. Estimates are provided by First Call/Thomson Financial unless otherwise noted.
05/11/2001 16:21
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U.S. Companies Issuing Profit Outlooks for May 11
The following U.S. companies provided their financial outlooks today. There were a total of 12 companies issuing outlooks. The table is sorted alphabetically by ticker symbol. Estimates are provided by First Call/Thomson Financial unless otherwise noted.
05/11/2001 16:21
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StarMedia 1st-Qtr Loss Narrower Than Expectations; Shares Rise
StarMedia Network Inc. (STRM) rose 28 cents, or 13 percent, to $2.45 and traded as high as $2.70. The Internet company that targets Latin American customers had a loss in the first quarter, excluding 1 cent of stock-based compensation, of 45 cents a share. On that basis, it was expected to lose 51 cents, the average estimate of six analysts polled by First Call/Thomson Financial.
05/11/2001 11:49
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StarMedia Network Reiterated `Strong Buy` at UBS Warburg
StarMedia Network Inc. (STRM US) was reiterated ``strong buy`` by analyst Stephen H Graham at UBS Warburg. The 12-month target price is $9.75 per share.
05/11/2001 09:36
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StarMedia Network Cut to `Market Perform` at Lehman
StarMedia Network Inc. (STRM US) was downgraded to ``market perform`` from ``strong buy`` by analyst Michael Simpson at Lehman Brothers. The price target was cut to $3 from $9 per share.
05/11/2001 08:38
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StarMedia Network Cut to `Hold` at CSFB
StarMedia Network Inc. (STRM US) was downgraded to ``hold`` from ``buy`` by analyst William M Landers at Credit Suisse First Boston.
05/11/2001 07:57
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Wild Oats Declines, Index Futures Little Changed: After-Hours
Wild Oats Markets Inc. shares dropped in extended trading after the supermarket chain had a first-quarter loss because of weaker-than-expected sales at some of its stores and higher costs.
05/10/2001 19:06
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U.S. Equity Preview: Electronic Arts, Lesco, Pixar, StarMedia
The following is a list of companies whose shares may move in U.S. markets Friday, May 11. U.S. Equity Preview includes news that broke after markets closed Thursday. Stock symbols are in parentheses after the company name.
05/10/2001 18:28
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StarMedia to Fire 200 Workers; 1st-Qtr Loss Narrows (Update1)
StarMedia Network Inc., an Internet company that targets Latin American customers, is eliminating approximately 200 jobs, or 25 percent of its workforce, and had a narrower first-quarter loss.
05/10/2001 18:27
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StarMedia to Eliminate 25% of Workforce; 1st-Qtr Loss Narrows
StarMedia Network Inc., an Internet company that targets Latin American customers, is eliminating 25 percent of its employees and had a narrower first- quarter loss.
05/10/2001 17:21
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U.S. Equity Preview: Amazon.com, B.F. Goodrich, Silicon Storage
The following is a list of companies whose shares may move in U.S. markets Monday, March 12. U.S. equity preview includes news that broke after markets closed Friday. Stock symbols are in parentheses after the company name.
03/12/2001 09:04
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StarMedia Netwrk Cut to `Hold` at Santander Central Hispano
StarMedia Network Inc. (STRM US) was downgraded to ``hold`` from ``strong buy`` by analyst Robert Hinchcliffe at Santander Central Hispano Investment. The 2001 year-end price target was cut to $4.00 from $13 per share. This stock was cut to ``hold`` from ``strong buy`` on 3/9/01.
03/12/2001 07:23
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StarMedia Network Reiterated `Buy` at CSFB
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst William M Landers at Credit Suisse First Boston. Landers cut his year-end price target to $9.00 from $11.00 per share.
03/01/2001 08:32
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StarMedia Network Reiterated `Buy` at Wedbush Morgan
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Anne E Thompson at Wedbush Morgan Securities. The price target was cut to $7 from $20 per share.
02/22/2001 09:59
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StarMedia Network Estimate Raised at Lehman Brothers
StarMedia Network Inc. (STRM US) was maintained ``strong buy`` by analyst Michael Simpson at Lehman Brothers. The 12-month target price is $9.00 per share. The 2001 revenue estimate was raised to $109.8 million from $90.3 million.
02/22/2001 09:32
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StarMedia Network Reiterated `Outperform` at Bluestone
StarMedia Network Inc. (STRM US) was reiterated ``outperform`` by analyst Kathleen Heaney at Bluestone Capital Partners LP. The 12-month target price is $9.00 per share.
02/22/2001 09:13
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Starmedia Maintained `Buy` at Bear Stearns
Starmedia Network Inc. (STRM US) was maintained ``buy`` by analyst Christopher A. Recouso at Bear, Stearns & Co.
02/22/2001 06:43
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StarMedia Network 4th-Qtr Loss Widens in Line With Estimates
StarMedia Network Inc., an Internet company that targets Latin American users, said its fourth-quarter loss widened in line with estimates as operating costs outpaced a jump in revenue.
02/21/2001 17:17
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Chase`s Segal, Once `Queen of the Web`, Stops Funding Startups
J.P. Morgan Chase Corp`s Susan Segal was once dubbed Latin America`s ``Queen of the Web`` for leading Wall Street`s rush to fund Internet startups in the region.
01/31/2001 06:55
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StarMedia Network Reiterated `Buy` at Lehman
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Michael Simpson at Lehman Brothers. The 12-month target price is $9.00 per share.
01/12/2001 05:24
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Flatiron`s Wilson Sees 50% Returns in 2001, 10 Sales (Update1)
Flatiron Partners, venture capital backers of GeoCities and StarMedia Network Inc., expects returns above 50 percent in 2001, even in the immediate absence of an initial public offering market, its co-founder said.
01/08/2001 15:19
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Flatiron Sees Lower Industry, Firm Returns; Fewer Investments
Flatiron Partners, venture capital backers of GeoCities and StarMedia Network Inc., expects returns above 50 percent in 2001, even in the immediate absence of an initial public offering market, its co-founder said.
01/08/2001 12:10
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StarMedia Network Reiterated `Buy` at CSFB
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst William M Landers at Credit Suisse First Boston. The target price is $11 per share.
01/05/2001 08:21
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Starmedia Raised to `Buy` at Bear Stearns
Starmedia Network Inc. (STRM US) was raised to ``buy`` from ``attractive`` by analyst Christopher A. Recouso at Bear, Stearns & Co.
12/07/2000 08:41
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Chase 4th-Qtr Earnings Expected to Be Hurt by Stock Declines
Chase Manhattan Corp. will likely post fourth-quarter earnings below forecasts as falling stock prices bite into the No. 2 U.S. bank`s investments in start- up companies, analysts said.
11/28/2000 17:05
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Brazil`s Submarino.com to Raise Money From Shareholders
Brazil`s Submarino.com, which sells books, compact discs and other consumer products over the Internet, said it plans to raise money from shareholders, as a decline in Internet stocks forces it to put off an initial stock sale.
11/23/2000 07:02
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StarMedia Reiterated `Buy` at BBVA Securities
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst George Monserrat at BBVA Securities. The year-end 2001 price target was cut to $12 from $35.
11/06/2000 09:41
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N.Y. Office Vacancies Up as `Silicon Alley` Shrinks (Correct)
With the Internet sector`s decline, some unfamiliar words have crept back into New York commercial real estate brokers` conversations -- words like ``vacancy`` and ``availability.``
11/01/2000 12:16
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StarMedia Network Reiterated S-T `Outperform` at Bluestone
StarMedia Network Inc. (STRM US) was reiterated short-term ``outperform`` by analyst Kathleen Heaney at Bluestone Capital Partners LP. The long-term rating was also reiterated ``outperform.`` The short/long-term target price are $26/$42 per share respectively.
10/31/2000 14:49
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StarMedia Network Reiterated `Buy` at BBVA Securities
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst George Monserrat at BBVA Securities.
10/31/2000 13:34
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StarMedia Network Reiterated `Buy` at Wedbush Morgan
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Anne Thompson at Wedbush Morgan Securities. The target price is $20 per share.
10/31/2000 10:07
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StarMedia Network 3rd-Qtr Loss Widened, Revenue Tripled
Starmedia Networks Inc., an Internet company that targets Latin American users, said its third- quarter loss widened even as revenue jumped and spending on marketing slowed.
10/30/2000 17:16
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StarMedia Network Rated New `Strong Buy` at Santander
StarMedia Network Inc. (STRM US) was rated new ``strong buy`` in new coverage by analyst Robert Hinchcliffe at Santander Central Hispano Investment. The price target is $13.
10/24/2000 09:42
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Starmedia Raised to `Attractive` at Bear Stearns
Starmedia Network Inc. (STRM US) was raised to ``attractive`` from ``neutral`` by analyst Christopher A. Recouso at Bear, Stearns & Co.
10/05/2000 08:21
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Ziff-Davis to Sell Content to Latin American Sites (Update1)
Ziff-Davis Inc., which is being acquired by Cnet Networks Inc., said it signed agreements with five of Latin America`s biggest Internet portals to provide content for Web sites focused on technology.
09/26/2000 16:09
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StarMedia Network Rated New `Buy` at Wedbush Morgan
StarMedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst Anne Thompson at Wedbush Morgan Securities. The 12-month target price is $20.00 per share.
09/22/2000 09:20
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Starmedia Rated New `Neutral` at Bear Stearns
Starmedia Network Inc. (STRM US) was rated new ``neutral`` in new coverage by analyst Christopher A. Recouso at Bear, Stearns & Co.
09/22/2000 07:40
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StarMedia Network Reiterated `Buy` at CSFB
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst William M Landers at Credit Suisse First Boston. The 12-month target price range is $19-$21 per share.
09/14/2000 09:44
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StarMedia Network Price Target Raised at Lehman Brothers
StarMedia Network Inc. (STRM US) was maintained ``buy`` by analyst Michael Simpson at Lehman Brothers. The price target was raised to $19 from 17.50 per share.
09/14/2000 05:45
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StarMedia to Cut 15% of Workers to Try to Turn Profit (Update2)
StarMedia Networks Inc., the first Latin American Internet company to sell shares to the public, fired 15 percent of its workers, or 125, under a plan to turn a profit by the end of next year.
09/13/2000 19:59
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U.S. Equity Preview: Conexant Systems, Fatbrain.com, StarMedia
The following is a list of companies whose shares may move in U.S. markets Thursday, Sept. 14. U.S. Equity Preview includes news that broke after markets closed Wednesday. The stock symbol is in parentheses after the company name.
09/13/2000 18:23
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StarMedia to Cut 15% of Workers to Try to Turn Profit (Update1)
StarMedia Networks Inc., the first Latin American Internet company to sell shares to the public, fired 15 percent of its workers under a plan to turn a profit by the end of next year.
09/13/2000 17:24
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Starmedia Netwrk Rated New `Buy` at Lehman
Starmedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst Michael Simpson at Lehman Brothers. The 12-month target price is $17.50 per share.
09/13/2000 13:58
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Argentina Readies `Nasdaquito` Stock Exchange (Update1)
Argentina expects to approve regulations within two weeks for a new stock exchange for Internet and technology companies, though few start-ups are seen rushing to list their shares.
09/07/2000 13:45
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Argentina Readies Internet Stock Exchange Amid Tepid Interest
Argentina expects to approve regulations within two weeks for a new stock exchange for Internet and technology companies, though few start-ups are seen rushing to list their shares.
09/07/2000 10:16
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StarMedia Surges 25% on Report Televisa to Buy Stake (Update2)
Shares in StarMedia Networks Inc., the biggest publicly traded Latin American Internet company, surged on reports Mexico`s Grupo Televisa SA may buy a stake in the company.
09/06/2000 16:40
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StarMedia Surges on Report Televisa to Buy Stake (Update1)
Shares in StarMedia Networks Inc., the biggest publicly traded Latin American Internet company, surged on reports Mexico`s Grupo Televisa SA may buy a stake in the company.
09/06/2000 15:30
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StarMedia Shares Surge on Report of Televisa Stake Purchase
Shares in StarMedia Networks Inc., the biggest publicly traded Latin American Internet company, surged on reports Mexico`s Grupo Televisa SA may buy a stake in the company.
09/06/2000 14:26
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U.S. Equity Preview: Gadzoox, Pinnacle, Siebel (Correct)
The following is a list of companies whose shares may move in U.S. markets Tuesday, Aug. 8. U.S. Equity Preview includes news that broke after markets closed Monday. The stock symbol is in parentheses after the company name.
08/08/2000 08:17
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StarMedia Network 2nd-Quarter Loss Doubles on Marketing Costs
Starmedia Networks Inc., the biggest publicly traded Latin American Internet company, said its second-quarter loss doubled as marketing costs offset rising advertising sales.
08/07/2000 17:19
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StarMedia Claims Executive Breached Pact When he Joined Tiaxa
StarMedia Networks Inc. claims in a federal lawsuit that former executive Luis Samra breached his employment contract after he left the Latin American Internet company to head rival Tiaxa.
07/25/2000 17:56
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Chase 2nd-Qtr Profit Falls 10% on Equity Investments (Update5)
Chase Manhattan Corp.`s second-quarter profit fell 10 percent as a stock market slump cut the value of its investments in Internet and other start-up companies, and revenue from consumer banking barely rose.
07/19/2000 16:12
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Mexican Candidates Look to the Internet for Help in Close Vote
Mexico`s leading presidential candidates, both 57, have reached out to the Internet looking for an edge in Sunday`s tight vote.
06/29/2000 12:11
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Chase Capital Invests $10 Mln in Argentine Web Co. Yeyeye.com
Chase Capital Partners and other venture funds invested $10 million in Argentina`s Yeyeye.com, betting that more Latin Americans will want music and entertainment over the Internet.
06/15/2000 08:55
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Chase Manhattan Profit Estimate Cut by J.P. Morgan (Update1)
Chase Manhattan Corp.`s earnings estimates were cut by J.P. Morgan & Co., which said the No. 2 U.S. bank would have trouble cutting expenses as it builds its investment banking business, and may lose money from its venture capital investments.
06/09/2000 16:18
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StarMedia`s Espuelas on Terra Networks Buying Lycos: Comment
The following are comments by StarMedia Network Inc. Chairman Fernando Espuelas on Terra Networks SA`s plans to buy Lycos Inc. He spoke at the Silicon Alley Reporter`s International Network 2000 conference in New York. StarMedia, based in New York, provides Internet access and content in Spanish and Portuguese.
05/31/2000 12:15
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StarMedia Network Rated New `Buy` at CSFB
StarMedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst William M Landers at Credit Suisse First Boston Inc. The 12-month target price is $29.00 per share.
05/30/2000 09:07
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BellSouth, StarMedia Link Web, Wireless Phone Service in Chile
BellSouth Corp. and StarMedia Network Inc. said they set up a venture that will link the Internet and wireless telephones in Chile as demand for both services surges.
05/19/2000 11:43
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StarMedia Network Raised to `Strong Buy` at Guzman & Co
StarMedia Network Inc. (STRM US) was raised to ``strong buy`` from ``buy`` by analyst Patrick Comack at Guzman & Company. The price target is $40 per share.
05/17/2000 10:21
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Terra Networks Close to Buying Lycos for $12.5 Bln (Update10)
Terra Networks SA, Telefonica SA`s Internet arm, plans today to announce it will buy Lycos Inc. for about $12.5 billion in stock to gain one of the top three Web- search services, people familiar with the talks said.
05/16/2000 16:21
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Chase 1st-Quarter Profit Up 16% on Investment Banking (Update6)
Chase Manhattan Corp.`s first-quarter profit rose 16 percent as its purchase of investment bank Hambrecht & Quist helped double fees from advising on mergers. Venture capital gains also helped, though less than in the fourth quarter.
04/19/2000 16:23
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StarMedia Network Rated New `Hold` at ING Barings
StarMedia Network Inc. (STRM US) was rated new ``hold`` in new coverage by analyst Lars Schonander at ING Barings.
04/19/2000 15:01
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Chase Capital Portfolio Rises to $10.4 Bln, Contribution Falls
Chase Manhattan Corp.`s Chase Capital Partners, created 15 years ago and today one of the biggest U.S. investors in Internet start-ups, just keeps right on investing even during stock market swings.
04/19/2000 13:58
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`Portal` Stock Losses Hurt AltaVista: David Wilson (Correct)
The only surprise in AltaVista Co.`s postponement of its initial public stock sale is that it didn`t happen sooner.
04/19/2000 12:43
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StarMedia Network Rated New `Buy` at Guzman & Co
StarMedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst Patrick Comack at Guzman & Company. The price target is $32.
04/17/2000 15:10
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StarMedia Network Reiterated S-T `Outperform` at Bluestone
StarMedia Network Inc. (STRM US) was reiterated short-term ``outperform`` by analyst Kathleen Heaney at Bluestone Capital Partners LP. The long-term rating was also reiterated ``outperform.``
04/12/2000 10:26
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StarMedia Network Reiterated `Buy` at E*Offering
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Patrick Winton at E*Offering.
04/12/2000 09:59
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StarMedia Network Reiterated `Buy` at Chase H&Q
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Paul W. Noglows at Chase H&Q.
04/12/2000 09:40
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Starmedia Network Reiterated Near-Term `Accumulate` at Merrill
Starmedia Network Inc. (STRM US) was reiterated near-term ``accumulate`` by analyst Michel Morin at Merrill Lynch. The long-term rating was reiterated ``buy.``
04/12/2000 08:29
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U.S. Equity Preview: American Superconductor, Corillian, Triton
The following is a list of companies whose shares may move in U.S. markets on Wednesday, April 12. U.S. Equity Preview includes news that broke after the markets closed. Tuesday`s closing prices are included. The stock symbol is in parentheses after the company name.
04/12/2000 08:18
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StarMedia Network 1st-Qtr Loss Widens, Sales Soar (Update1)
Starmedia Networks Inc., a Latin American Internet company, said its first-quarter loss widened less than expected as sales and its customer base soared.
04/11/2000 18:27
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StarMedia Network 1st-Qtr Loss Widens, Sales Rise Five-Fold
Starmedia Networks Inc., a Latin American Internet company, said its first-quarter loss widened less than expected as sales and its customer base soared.
04/11/2000 17:42
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IFX Offers Venezuelans Free Internet Access Despite Govt Ban
IFX Corp, a Chicago-based company providing Internet service in Latin American, became the first company to offer free Internet access in Venezuela, betting the government won`t enforce its plan to outlaw free access.
04/10/2000 16:22
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Venezuela`s Two Cell-Phone Companies to Offer Internet Access
Venezuela`s two cellular phone companies, in a neck-and-neck battle for supremacy in Latin America`s fastest growing wireless market, have begun offering Internet access, marking a new phase to their competition.
04/07/2000 15:27
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Latin American Web IPOs May Be Shaken by Wild Markets (Update1)
This year`s crop of eager Latin American Web start-ups may be forced to postpone dreams of big stock offerings because of the volatility in U.S. markets, analysts said.
04/05/2000 15:18
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StarMedia Network Says 42% of Users Shop Online, Trend to Rise
Starmedia Network Inc., the first publicly traded Web company to target Latin Americans, said 42 percent of its users have shopped online last year, about in line with the average U.S. online shopping figures.
04/03/2000 12:40
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Explorador`s Cummins Globetrots to Fund Latin E-Startups
Andrew Cummins is racking up frequent-flyer miles jetting across Latin America, seeking out promising Internet ventures.
03/28/2000 11:19
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Insiders: Top Sellers, Buyers for the Week Ending March 24
The following lists the top purchases and sales of stocks by insiders as reported by the Washington Service.
03/27/2000 12:05
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Starmedia Netwrk Rated New Short-Term `Outperform` at Bluestone
Starmedia Network Inc. (STRM US) was rated new short-term ``outperform`` in new coverage by analyst Kathleen Heaney at Bluestone Capital Partners LP. The long-term rating is also ``outperform.`` The short-term and long-term price targets are $45 and $52 per share, respectively.
03/27/2000 08:58
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New York Times Sells Stake in Internet Unit to 3 Venture Firms
The New York Times Co., publisher of the third-largest U.S. newspaper, said it sold an undisclosed stake in its Internet operations to three venture capital firms.
03/21/2000 18:42
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Soros` Quantum Fund Expands in Argentine Free Internet Market
Billionaire George Soros` Quantum Dolphin Fund expanded its presence in Latin America`s Internet market by acquiring another free Web access provider in Argentina.
03/17/2000 15:33
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Starmedia Netwrk Reiterated Near-Term `Accumulate` at Merrill
Starmedia Network Inc. (STRM US) was reiterated near-term ``accumulate`` by analyst Michel Morin at Merrill Lynch & Co. The long-term rating was reiterated a ``buy.``
03/17/2000 07:39
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Venezuela Nixes Free Net Access, Bucking Latin Trend (Update1)
Venezuela`s government won`t allow Internet service providers to offer free Web access, bucking a free-market online trend in Latin America, the world`s fastest growing Internet market.
03/15/2000 15:27
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Argentina`s El Sitio to Pay $44.7 Mln for DeCompras (Update4)
El Sitio Inc., Argentina`s biggest Internet company, will pay about $44.7 million for a Mexican Web retailer, seeking more sources of revenue as investors drive down its shares.
03/14/2000 17:36
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Juno Unveils Spanish Internet Service With StarMedia (Update2)
Juno Online Services Inc., an e-mail and Internet-access provider, will develop a Spanish- language online service with StarMedia Network Inc. to attract Spanish-speaking customers in the U.S.
03/14/2000 16:08
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U.S. Equity Movers Final: B/E Aerospace, I-Flow, J.P. Morgan
The following is a list of companies whose shares moved in U.S. markets Monday, March 13. The stock symbol is in parentheses after the company name.
03/13/2000 17:26
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U.S. Equity Movers: Intel, Laserscope, StarMedia, Times Mirror
The following is a list of companies whose shares are moving in U.S. markets Monday, March 13. The stock symbol is in parentheses after the company name.
03/13/2000 11:36
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StarMedia Network Cut to `Neutral` at Salomon Smith Barney
StarMedia Network Inc. (STRM US) was downgraded to ``neutral`` from ``buy`` by analyst Lanny Baker at Salomon Smith Barney. The 12-month target price is $45.00 per share.
03/13/2000 10:03
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Starmedia Network Cut to Near-Term `Accumulate` at Merrill
Starmedia Network Inc. (STRM US) was downgraded to near-term ``accumulate`` from near-term ``buy`` by analyst Michel Morin at Merrill Lynch & Co. The long-term rating remained ``buy.``
03/13/2000 08:00
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Starmedia, L`Oreal Create Web Site for Latin Women (Update1)
Starmedia Network Inc., one of Latin America`s largest Internet companies, and L`Oreal SA, the world`s No. 1 beauty products maker, created a Web site targeted at Latin women.
03/09/2000 11:13
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Starmedia, L`Oreal Join Forces to Make Web Site for Latin Women
Starmedia Network Inc., one of Latin America`s largest Internet companies, and L`Oreal SA, the world`s No. 1 beauty products maker, created a Web site targeted at Latin women.
03/09/2000 08:09
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Starmedia Network Inc. Rated New `Buy` at Stires O`Donnell
Starmedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst Elena Castro at Stires, O`Donnell & Co. The 12-month target price is $67.70 per share.
03/02/2000 12:35
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Argentina`s El Sitio to Buy DeCompras; 4Q Loss Widens (Update4)
El Sitio Inc., Argentina`s biggest Internet company, agreed to buy Web retailer DeCompras.com Inc. and posted a wider fourth-quarter loss because of heavy spending to boost offerings in the region.
02/29/2000 15:18
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Mexican Bolsa Adapting to Offer Dot-Com Shares: Latin Markets
For years, Mexican startup companies seeking to raise capital on the stock exchange couldn`t. Regulatory hurdles kept them off until they were very well established. The Internet may be changing that.
02/26/2000 09:28
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Latin America Could Soon Become Land of Free Access (Update1)
The days of paid Internet access in Latin America may be numbered.
02/17/2000 13:51
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StarMedia Network Reiterated `Buy` at Thomas Weisel
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst P. Gordon Hodge at Thomas Weisel Partners.
02/17/2000 13:15
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Latin America Could Soon Become Land of Free Internet Access
The days of paid Internet access in Latin America are numbered.
02/17/2000 07:48
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StarMedia Joins CMGI, Chase to Offer Free Web Access (Update2)
StarMedia Network Inc., CMGI Inc. and other partners created a company with a $200 million investment to offer free Web access in Latin America, hoping to attract users as competition in the Internet industry heats up.
02/16/2000 17:56
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Suramericana Makes Quick $150 Mln Profit on Internet (Update1)
Suramericana de Inversiones SA, an insurance holding company, has become the first major Colombian company to profit from the rush to invest in the potential growth of the Internet in Latin America.
02/16/2000 17:02
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StarMedia Joins CMGI, Chase to Offer Free Web Access (Update1)
StarMedia Network Inc., CMGI Inc. and other partners created a company with a $200 million investment to offer free Internet access in Latin America, hoping to attract users in the region.
02/16/2000 15:37
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StarMedia Networks CEO Espuelas Said Company Not for Sale
StarMedia Network Inc. Chief Executive Fernando Espuelas said Latin America`s biggest publicly traded Web site is not for sale after the stock soared on speculation it might be acquired by a larger Web company.
02/16/2000 12:57
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StarMedia Network Reiterated `Buy` at Thomas Weisel
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst P. Gordon Hodge at Thomas Weisel Partners.
02/16/2000 10:25
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Suramericana Makes Quick $150 Million Profit on Internet Stake
Suramericana de Inversiones SA, an insurance holding company, has become the first major Colombian company to gain from the rush to invest in the potential growth of the Internet in Latin America.
02/16/2000 08:08
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Latin Americans to Spend $8.3 Billion Online By 2005 (Update1)
Latin American spending online will surge to an annual $8.3 billion in the next five years, or more than 40 times what was spent last year as regional demand for Internet services grows, Jupiter Communications Inc. said.
02/15/2000 17:12
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Yahoo! Plans to Develop Own Content to Win Latin American Users
Yahoo! Inc., the world`s most popular Internet directory, will develop its own Spanish and Portuguese content as part of its strategy to capture new users across Latin America.
02/15/2000 17:09
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Latin Americans Projected to Spend $8.3 Billion Online By 2005
Latin American spending online will surge to an annual $8.3 billion in the next five years, or more than 40 times what was spent last year as regional demand for Internet services grows, Jupiter Communications Inc. said.
02/15/2000 11:29
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Brazil Telecoms Capitalize on Internet: Latin Markets (Correct)
Internet fever has hit Brazilian telephone stocks.
02/12/2000 12:08
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StarMedia Shares Rally on Speculation of Takeover (Update2)
StarMedia Network Inc., one of Latin America`s biggest Internet companies, rose 11 percent to a six-month high on speculation of a takeover by a U.S. online company seeking to fortify its offerings in the region.
02/11/2000 16:34
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U.S. Equity Movers: InfoCure, Lexington Global, StarMedia
The following is a list of companies whose shares are moving in U.S. markets Friday, Feb. 11. The stock symbol is in parentheses after the company name.
02/11/2000 10:32
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U.S. Stocks in Europe: Abitibi, Microsoft, Siebel, TriQuint
U.S. stocks advanced in Europe. Computer-related companies and phone shares rose after Siebel Systems Inc. announced an agreement with International Business Machines Corp. and TriQuint Semiconductor said fourth-quarter revenue increased 60 percent.
02/11/2000 05:56
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U.S. Equity Preview: Cox Radio, Policy Management, StarMedia
The following is a list of companies whose shares may move in U.S. markets on Friday, Feb. 11. U.S. Equity Preview includes news that broke after the markets closed. Thursday`s closing prices are included. The stock symbol is in parentheses after the company name.
02/11/2000 01:34
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Chase Mulls Tracking Stock for Venture Capital Unit (Update4)
Chase Manhattan Corp. might issue a separate stock to track the performance of its growing venture capital investments, in an effort to boost lagging shareholder returns.
02/09/2000 16:45
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ING Barings` Collins on Possible Chase Tracking Stock: Comment
Andrew Collins, an analyst at ING Barings, comments on Chase Manhattan Corp.`s possible issuance of a separate stock to track the performance of its venture capital investments if its shares don`t get a lift from its growing portfolio of start-up companies.
02/09/2000 13:17
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Brazil`s Submarino.com Raises $71.3 Mln From TH Lee, Others
Brazil`s Submarino.com, which sells books, compact discs and toys over the Internet, said it raised $71.3 million in a second round of financing, higher than the amount the company had announced earlier in January.
02/09/2000 09:55
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U.S. Equity Movers: Eco Soil, GlobeSpan, Grand Union, Metro One
The following is a list of companies whose shares are moving in U.S. markets Tuesday, Feb. 8. The stock symbol is in parentheses after the company name.
02/08/2000 15:28
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Starmedia Netwrk Reiterated Near-Term `Buy` at Merrill
Starmedia Network Inc. (STRM US) was reiterated near-term ``buy`` by analyst Michel Morin at Merrill Lynch & Co. The long-term rating was also reiterated ``buy.``
02/08/2000 07:35
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StarMedia Fourth-Qtr Loss Rises 15% on Higher Development Costs
StarMedia Network Inc., which runs a network of Web sites that targets a Latin American audience, said its fourth-quarter loss widened 15 percent, as the company boosted expenses to develop new products and technology.
02/07/2000 17:45
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Chase Puts Venture Capital Head Walker on Stage for Investors
Chase Manhattan Corp., the nation`s No. 2 bank, with 70,000 workers, earned $6.27 billion in revenue during the last three months of 1999. What surprised many shareholders was that $1.31 billion came from just 150 employees.
02/07/2000 14:23
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Argentine Fund Manager Makes Internet Foray Via Son (Correct)
Eduardo Costantini, the owner of Argentina`s biggest investment management firm, is making his foray into the Internet business through his 23-year- old son.
02/04/2000 12:54
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Soros` Quantum Fund Betting on Free Web Access in Argentina
Quantum Dolphin Fund, controlled by billionaire George Soros, took a majority stake in Argentine start up RedAlternativa, adding a free Internet access provider to its growing list of Latin American Web investments.
02/03/2000 12:05
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Argentine Fund Manager Makes Internet Foray Via Son`s Venture
Eduardo Costantini, the owner of Argentina`s biggest investment management firm, is making his foray into the Internet business through his 23-year-old son.
02/03/2000 07:01
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StarMedia to Buy Mexico`s AdNet for $20 Million (Update2)
StarMedia Networks Inc., one of Latin America`s biggest Internet companies, plans to pay $20 million in cash and stock for a Mexican Internet company in a transaction that could be worth more than five times as much.
02/01/2000 17:08
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U.S. Equity Movers: Netcentives, Transportation Technologies
The following is a list of companies whose shares are moving in U.S. markets Monday, Jan. 31. The stock symbol is in parentheses after the company name.
01/31/2000 10:23
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Starmedia Network Raised to Near-Term `Buy` at Merrill
Starmedia Network Inc. (STRM US) was raised to near-term ``buy`` from near-term ``accumulate`` by analyst Michel Morin at Merrill Lynch & Co. The long-term rating remained ` `buy.``
01/31/2000 07:50
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Latin American Web Startups Use U.S. as Model to Draw Capital
When Alec Oxenford and his partners set out to become Internet millionaires, they hoped a Latin American version of U.S. online auctioneer eBay Inc. would attract venture capitalists.
01/28/2000 08:08
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StarMedia Appoints Bilenky, Loureiro to Top Positions (Update1)
StarMedia Networks Inc., one of Latin America`s biggest Internet companies, appointed two new executives, one coming from rival America Online Inc.`s Brazilian unit.
01/27/2000 17:50
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Chase Manhattan Reorganizes to Focus on `New Economy` (Update2)
Chase Manhattan Corp. shuffled its top management to focus on the Internet and other ``new economy`` efforts as the No. 2 U.S. bank sees more of its profit coming from online banking and investments in start-up companies.
01/27/2000 16:14
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StarMedia Partners With MercadoLibre to Add Online Auctions
StarMedia Networks Inc., one of Latin America`s biggest Internet portals, said it partnered with closely held MercadoLibre to add an online auction service to its Web site.
01/20/2000 00:01
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U.S. Equity Movers Final: Radica Games, SonicWall, SLI, Xoma
The following is a list of companies whose shares moved in U.S. markets Wednesday, Jan. 19. The stock symbol is in parentheses after the company name.
01/19/2000 17:19
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Chase 4th-Qtr Profit Up 46% on Private Equity Gains (Update6)
Chase Manhattan Corp., the No. 2 U.S. bank, said fourth-quarter earnings rose 46 percent on venture capital investments in Internet and other start-up companies and fees from investment banking.
01/19/2000 16:32
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Terra Networks Develops Web Site for U.S. Hispanics (Update3)
Terra Networks SA, Europe`s largest publicly traded Internet company, said it has developed a Web site for the Hispanic community in the U.S.
01/19/2000 16:19
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Spain`s Terra Develops Web Site for U.S. Hispanics (Update2)
Terra Networks SA, Europe`s largest publicly traded Internet company, said it has developed a Web site for the Hispanic community in the U.S.
01/19/2000 15:51
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U.S. Equity Movers: JLG Industries, Microsoft, Sanmina, Viasoft
The following is a list of companies whose shares are moving in U.S. markets Wednesday, Jan. 19. The stock symbol is in parentheses after the company name.
01/19/2000 11:26
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U.S. Equity Movers Final: Comdisco, Microsoft, Venture Catalyst
The following is a list of companies whose shares moved in U.S. markets Wednesday, Dec. 22. The stock symbol is in parentheses after the company name.
12/22/1999 18:08
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StarMedia Buys Rights to Chat Software to Try to Attract Users
StarMedia Networks Inc., which runs a network of Web sites that targets Latin Americans, said it acquired the exclusive rights to use two chat technologies to help it expand the popular service.
12/22/1999 16:58
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U.S. Equity Movers: Broadvision, Dynegy, Lucent, PanAmSat
The following is a list of companies whose shares are moving in U.S. markets Wednesday, Dec. 22. The stock symbol is in parentheses after the company name.
12/22/1999 15:33
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StarMedia Network Inc. Reiterated `Buy` at J.P. Morgan
Starmedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Susan Walker White at J.P. Morgan Securities. The 12-month target price is $66.00 per share. StarMedia is White`s top internet pick for 2000.
12/22/1999 12:51
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Brazil`s Submarino.com Uses Retail Strategy for Internet Sales
A few years ago, Antonio Bonchristiano was selling beans and rice in Brazilian supermarkets. Now he`s selling everything from compact discs and toys to books over the Internet.
12/14/1999 07:02
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El Sitio Shares More Than Double After $131.2 Mln IPO (Update4)
Shares of El Sitio Inc., Argentina`s biggest Internet company, more than doubled in their first day of trading after the company raised $131.2 million in an initial stock sale.
12/10/1999 16:48
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El Sitio Increases IPO Price, May Raise $123 Million (Update4)
El Sitio Inc. shares are poised to rise when sold tomorrow, after the Latin American Internet company upped the price of its initial stock sale on strong demand.
12/09/1999 17:56
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Chase CEO Says Internet Stocks Deserve High Prices (Update4)
Chase Manhattan Corp. Chief Executive William Harrison said Internet companies with little or no earnings may deserve the high stock prices they fetch because they will have a growing role in a changing economy.
12/08/1999 16:58
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StarMedia Network Reiterated `Buy` at Thomas Weisel
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst P. Gordon Hodge at Thomas Weisel Partners.
12/08/1999 10:31
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Chase CEO Says Internet Stocks Not Overpriced, Has $1.5 Bln Bet
Chase Manhattan Corp. Chief Executive William Harrison says Internet companies with little or no earnings may deserve the high stock prices they fetch because they will have a growing role in a changing economy.
12/08/1999 10:04
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Teleglobe Open to Mergers, Alliances, CEO Says: Bloomberg Forum
Teleglobe Inc., Canada`s biggest international telecommunications carrier, is ``looking at all alternatives`` -- including mergers and joint ventures, to bolster its stock price, said Chief Executive Charles Sirois.
12/01/1999 12:37
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Starmedia Networks Moving Operations to Downtown Manhattan
StarMedia Networks Inc., which runs a network of Web sites that targets a Latin American audience, agreed to lease 210,000 square feet of space in 1 Hudson Square, one of the largest lease transactions of the year in lower Manhattan.
12/01/1999 09:04
4:16pm 11/01/01 StarMedia moving forward with wireless business - Reuters U.S. Company News
3:17pm 10/31/01 StarMedia Network launches location-based service - CBS MarketWatch.com
3:15pm 10/31/01 StarMedia Unveils Comprehensive Location-Based Service Capabilities For Wireless Carriers in Latin America - PRNewswire
4:49pm 10/08/01 MSNBC.com in content deal to serve U.S. Hispanics - Reuters U.S. Company News
7:13pm 09/20/01 Wechsler Harwood Halebian & Feffer LLP Announces Class Periods - Internet Wire
10:33am 09/17/01 Stream International Holdings withdraws IPO - Reuters U.S. Company News
9:30pm 09/08/01 Stull, Stull & Brody Brings Class Actions Targeting IPO Underwriters - Internet Wire
7:03am 08/26/01 Stull, Stull & Brody Brings Class Actions Targeting IPO Underwriters - Internet Wire
5:32pm 08/20/01 Schiffrin & Barroway, LLP Announces Class Periods for Shareholder Lawsuits-- ABTL, EPAY, CNQR, PER; CORRECTED - this release corrects release of August 17 - PrimeZone
11:31pm 08/18/01 Stull, Stull & Brody Brings Class Actions Targeting IPO Underwriters - Internet Wire
3:20pm 08/17/01 Schiffrin & Barroway, LLP Announces Class Periods for Shareholder Lawsuits Against Several Companies Who Recently Issued IPOs -- ABTL, EPAY, CNQR, PER - PrimeZone
1:28pm 08/16/01 Wechsler Harwood Announces Securities Class Action Suit Against StarMedia Network, Inc. (Nasdaq: STRM) - PRNewswire
6:47pm 08/10/01 Class Action Lawsuit Commenced Against StarMedia Network, Inc. By The Law Offices of Marc S. Henzel - PRNewswire
9:15pm 08/08/01 Stull, Stull & Brody Brings Class Actions Targeting IPO Underwriters - Internet Wire
5:39pm 08/08/01 Wolf Haldenstein Adler Freeman and Herz LLP Commences StarMedia Network Class Action - PRNewswire
10:52am 08/08/01 StarMedia stock falls amid change at top, Q2 result - Reuters U.S. Company News
7:23pm 08/07/01 UPDATE 3-StarMedia unlikely to break even in Q4 - Reuters U.S. Company News
5:38pm 08/07/01 UPDATE 2-StarMedia Q2 loss narrows, CEO Espuelas steps down - Reuters U.S. Company News
4:54pm 08/07/01 New Starmedia CEO says Q4 breakeven unlikely - Reuters U.S. Company News
4:40pm 08/07/01 StarMedia Loss Narrows, CEO Espuelas Steps Down - Reuters U.S. Internet News
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ING Barings StarMedia Target as Low as It Gets: Call of the Day
Lars Schonander of ING Barings says he couldn`t have aimed much lower when setting a new price target for Web site operator StarMedia Network Inc.`s shares.
08/09/2001 17:00
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ING Barings` Forecast for StarMedia`s Stock: 20 Cents (Update1)
Lars Schonander of ING Barings says he couldn`t have aimed much lower when setting a new price target for Web site operator StarMedia Network Inc.`s shares.
08/09/2001 16:36
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StarMedia Network Cut to `Sell` at ING Barings
StarMedia Network Inc. (STRM US) was downgraded to ``sell`` from ``hold`` by analyst Lars Schonander at ING Barings. The price target is $0.20 per share.
08/09/2001 09:25
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StarMedia Seen Struggling to Stay Above $1: Call of the Day
Lehman Brothers Inc.`s Michael Simpson slashed his prediction for StarMedia Network Inc.`s share price by three quarters. If the stock reaches his forecast, the Internet company still will face possible delisting by the Nasdaq Stock Market.
08/08/2001 16:49
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StarMedia Network Cut to `Market Underperform` at Lehman
StarMedia Network Inc. (STRM US) was downgraded to ``market underperform`` from ``market perform`` by analyst Michael Simpson at Lehman Brothers.
08/08/2001 10:53
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StarMedia Networks Reiterated `Hold` at CSFB
StarMedia Network Inc. (STRM US) was reiterated ``hold`` by analyst William M Landers at Credit Suisse First Boston.
08/08/2001 08:13
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New York Trinity Church Feels Pinch From Internet (Update1)
What the Internet boom gaveth, the bust taketh away. That`s the lesson that the Parish of Trinity Church, a Manhattan landlord since 1705, has learned.
07/02/2001 16:44
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New York Landlord Trinity Church Feels Pinch of Internet Plunge
What the Internet boom gaveth, the bust taketh away. That`s the lesson that the Parish of Trinity Church, a Manhattan landlord since 1705, has learned.
07/02/2001 15:53
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StarMedia Network Price Target Cut at Santander Central Hispano
StarMedia Network Inc. (STRM US) was maintained ``hold`` by analyst Robert Hinchcliffe at Santander Central Hispano Investment. The year-end 2001 price target was cut to $2.10 from $4.00.
06/13/2001 09:39
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Starmedia Netwrk Raised to `Hold` at ING Barings
Starmedia Network Inc. (STRM US) was raised to ``hold`` from ``sell`` by analyst Lars Schonander at ING Barings. The price target is $2.55 per share.
06/05/2001 16:04
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StarMedia Appoints Narciso President, Replaces Chen (Update1)
StarMedia Network Inc., the Internet media company partly owned by BellSouth Corp., named Enrique Narciso president, replacing co-founder Jack Chen.
06/01/2001 18:33
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Starmedia Netwrk Cut to `Sell` at ING Barings
Starmedia Network Inc. (STRM US) was downgraded to ``sell`` from ``hold`` by analyst Lars Schonander at ING Barings. The 12-month target price is $2.55 per share.
06/01/2001 10:12
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Starmedia Cut to `Neutral` at Bear Stearns
Starmedia Network Inc. (STRM US) was downgraded to ``neutral`` from ``buy`` by analyst Christopher A. Recouso at Bear, Stearns & Co.
06/01/2001 07:53
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U.S. Equity Movers Final: CEC Entertainment, H Power, StarMedia
The following is a list of companies whose shares moved in U.S. markets Thursday, May 31. The stock symbol is in parentheses after the company name.
05/31/2001 17:25
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StarMedia Shares Rise 38% After BellSouth Buys Stake (Update3)
Shares of StarMedia Network Inc. rose 38 percent after U.S. local-telephone company BellSouth bought an 11 percent stake in the Internet media company that targets Spanish-speaking consumers.
05/31/2001 16:17
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StarMedia Shares Rise 60% After BellSouth Buys Stake (Update2)
Shares of StarMedia Network Inc. rose as much as 60 percent after U.S. local-telephone company BellSouth bought an 11 percent stake in the online media company that targets Spanish-speaking consumers.
05/31/2001 15:20
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U.S. Equity Movers: Alloy Online, CEC Entertainment, StarMedia
The following is a list of companies whose shares are moving in U.S. markets Thursday, May 31. The stock symbol is in parentheses after the company name.
05/31/2001 10:32
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StarMedia Network Shares Rise After BellSouth Buys 11% Stake
Shares of StarMedia Network Inc. rose as much as 54 percent in early trading after BellSouth Corp. paid $25 million for an 11 percent stake in the online media company.
05/31/2001 09:08
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U.S. Equity Preview: Citrix, Rogers Wireless, Sprint, StarMedia
The following is a list of companies whose shares may move in U.S. markets Thursday, May 31. U.S. Equity Preview includes news that broke after markets closed Wednesday. Stock symbols are in parentheses after the company name.
05/31/2001 08:58
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PacifiCare Health Shares Fall; Index Futures Gain: After-Hours
PacifiCare Health Systems Inc. shares fell in extended trading after the health-care insurer cut its forecast for 2001 profit, citing a sharper-than- anticipated rise in medical costs.
05/30/2001 19:12
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StarMedia Netwrk Cut to `Market Perform` at Goldman Sachs
StarMedia Network Inc. (STRM US) was downgraded to ``market perform`` from ``market outperform`` by analysts Michael K Parekh and Chris Hussey at Goldman, Sachs & Co. The 2001 revenue estimate was cut to $72 million from $108 million.
05/17/2001 08:18
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U.S. Companies Issuing Profit Outlooks the Week of May 7
The following U.S. companies provided their financial outlooks this week. There were a total of 113 companies issuing outlooks. The table is sorted alphabetically by ticker symbol. Estimates are provided by First Call/Thomson Financial unless otherwise noted.
05/11/2001 16:21
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U.S. Companies Issuing Profit Outlooks for May 11
The following U.S. companies provided their financial outlooks today. There were a total of 12 companies issuing outlooks. The table is sorted alphabetically by ticker symbol. Estimates are provided by First Call/Thomson Financial unless otherwise noted.
05/11/2001 16:21
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U.S. Companies Issuing Profit Outlooks the Week of May 7
The following U.S. companies provided their financial outlooks this week. There were a total of 113 companies issuing outlooks. The table is sorted alphabetically by ticker symbol. Estimates are provided by First Call/Thomson Financial unless otherwise noted.
05/11/2001 16:21
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U.S. Companies Issuing Profit Outlooks for May 11
The following U.S. companies provided their financial outlooks today. There were a total of 12 companies issuing outlooks. The table is sorted alphabetically by ticker symbol. Estimates are provided by First Call/Thomson Financial unless otherwise noted.
05/11/2001 16:21
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StarMedia 1st-Qtr Loss Narrower Than Expectations; Shares Rise
StarMedia Network Inc. (STRM) rose 28 cents, or 13 percent, to $2.45 and traded as high as $2.70. The Internet company that targets Latin American customers had a loss in the first quarter, excluding 1 cent of stock-based compensation, of 45 cents a share. On that basis, it was expected to lose 51 cents, the average estimate of six analysts polled by First Call/Thomson Financial.
05/11/2001 11:49
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StarMedia Network Reiterated `Strong Buy` at UBS Warburg
StarMedia Network Inc. (STRM US) was reiterated ``strong buy`` by analyst Stephen H Graham at UBS Warburg. The 12-month target price is $9.75 per share.
05/11/2001 09:36
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StarMedia Network Cut to `Market Perform` at Lehman
StarMedia Network Inc. (STRM US) was downgraded to ``market perform`` from ``strong buy`` by analyst Michael Simpson at Lehman Brothers. The price target was cut to $3 from $9 per share.
05/11/2001 08:38
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StarMedia Network Cut to `Hold` at CSFB
StarMedia Network Inc. (STRM US) was downgraded to ``hold`` from ``buy`` by analyst William M Landers at Credit Suisse First Boston.
05/11/2001 07:57
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Wild Oats Declines, Index Futures Little Changed: After-Hours
Wild Oats Markets Inc. shares dropped in extended trading after the supermarket chain had a first-quarter loss because of weaker-than-expected sales at some of its stores and higher costs.
05/10/2001 19:06
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U.S. Equity Preview: Electronic Arts, Lesco, Pixar, StarMedia
The following is a list of companies whose shares may move in U.S. markets Friday, May 11. U.S. Equity Preview includes news that broke after markets closed Thursday. Stock symbols are in parentheses after the company name.
05/10/2001 18:28
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StarMedia to Fire 200 Workers; 1st-Qtr Loss Narrows (Update1)
StarMedia Network Inc., an Internet company that targets Latin American customers, is eliminating approximately 200 jobs, or 25 percent of its workforce, and had a narrower first-quarter loss.
05/10/2001 18:27
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StarMedia to Eliminate 25% of Workforce; 1st-Qtr Loss Narrows
StarMedia Network Inc., an Internet company that targets Latin American customers, is eliminating 25 percent of its employees and had a narrower first- quarter loss.
05/10/2001 17:21
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U.S. Equity Preview: Amazon.com, B.F. Goodrich, Silicon Storage
The following is a list of companies whose shares may move in U.S. markets Monday, March 12. U.S. equity preview includes news that broke after markets closed Friday. Stock symbols are in parentheses after the company name.
03/12/2001 09:04
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StarMedia Netwrk Cut to `Hold` at Santander Central Hispano
StarMedia Network Inc. (STRM US) was downgraded to ``hold`` from ``strong buy`` by analyst Robert Hinchcliffe at Santander Central Hispano Investment. The 2001 year-end price target was cut to $4.00 from $13 per share. This stock was cut to ``hold`` from ``strong buy`` on 3/9/01.
03/12/2001 07:23
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StarMedia Network Reiterated `Buy` at CSFB
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst William M Landers at Credit Suisse First Boston. Landers cut his year-end price target to $9.00 from $11.00 per share.
03/01/2001 08:32
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StarMedia Network Reiterated `Buy` at Wedbush Morgan
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Anne E Thompson at Wedbush Morgan Securities. The price target was cut to $7 from $20 per share.
02/22/2001 09:59
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StarMedia Network Estimate Raised at Lehman Brothers
StarMedia Network Inc. (STRM US) was maintained ``strong buy`` by analyst Michael Simpson at Lehman Brothers. The 12-month target price is $9.00 per share. The 2001 revenue estimate was raised to $109.8 million from $90.3 million.
02/22/2001 09:32
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StarMedia Network Reiterated `Outperform` at Bluestone
StarMedia Network Inc. (STRM US) was reiterated ``outperform`` by analyst Kathleen Heaney at Bluestone Capital Partners LP. The 12-month target price is $9.00 per share.
02/22/2001 09:13
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Starmedia Maintained `Buy` at Bear Stearns
Starmedia Network Inc. (STRM US) was maintained ``buy`` by analyst Christopher A. Recouso at Bear, Stearns & Co.
02/22/2001 06:43
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StarMedia Network 4th-Qtr Loss Widens in Line With Estimates
StarMedia Network Inc., an Internet company that targets Latin American users, said its fourth-quarter loss widened in line with estimates as operating costs outpaced a jump in revenue.
02/21/2001 17:17
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Chase`s Segal, Once `Queen of the Web`, Stops Funding Startups
J.P. Morgan Chase Corp`s Susan Segal was once dubbed Latin America`s ``Queen of the Web`` for leading Wall Street`s rush to fund Internet startups in the region.
01/31/2001 06:55
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StarMedia Network Reiterated `Buy` at Lehman
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Michael Simpson at Lehman Brothers. The 12-month target price is $9.00 per share.
01/12/2001 05:24
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Flatiron`s Wilson Sees 50% Returns in 2001, 10 Sales (Update1)
Flatiron Partners, venture capital backers of GeoCities and StarMedia Network Inc., expects returns above 50 percent in 2001, even in the immediate absence of an initial public offering market, its co-founder said.
01/08/2001 15:19
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Flatiron Sees Lower Industry, Firm Returns; Fewer Investments
Flatiron Partners, venture capital backers of GeoCities and StarMedia Network Inc., expects returns above 50 percent in 2001, even in the immediate absence of an initial public offering market, its co-founder said.
01/08/2001 12:10
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StarMedia Network Reiterated `Buy` at CSFB
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst William M Landers at Credit Suisse First Boston. The target price is $11 per share.
01/05/2001 08:21
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Starmedia Raised to `Buy` at Bear Stearns
Starmedia Network Inc. (STRM US) was raised to ``buy`` from ``attractive`` by analyst Christopher A. Recouso at Bear, Stearns & Co.
12/07/2000 08:41
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Chase 4th-Qtr Earnings Expected to Be Hurt by Stock Declines
Chase Manhattan Corp. will likely post fourth-quarter earnings below forecasts as falling stock prices bite into the No. 2 U.S. bank`s investments in start- up companies, analysts said.
11/28/2000 17:05
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Brazil`s Submarino.com to Raise Money From Shareholders
Brazil`s Submarino.com, which sells books, compact discs and other consumer products over the Internet, said it plans to raise money from shareholders, as a decline in Internet stocks forces it to put off an initial stock sale.
11/23/2000 07:02
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StarMedia Reiterated `Buy` at BBVA Securities
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst George Monserrat at BBVA Securities. The year-end 2001 price target was cut to $12 from $35.
11/06/2000 09:41
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N.Y. Office Vacancies Up as `Silicon Alley` Shrinks (Correct)
With the Internet sector`s decline, some unfamiliar words have crept back into New York commercial real estate brokers` conversations -- words like ``vacancy`` and ``availability.``
11/01/2000 12:16
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StarMedia Network Reiterated S-T `Outperform` at Bluestone
StarMedia Network Inc. (STRM US) was reiterated short-term ``outperform`` by analyst Kathleen Heaney at Bluestone Capital Partners LP. The long-term rating was also reiterated ``outperform.`` The short/long-term target price are $26/$42 per share respectively.
10/31/2000 14:49
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StarMedia Network Reiterated `Buy` at BBVA Securities
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst George Monserrat at BBVA Securities.
10/31/2000 13:34
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StarMedia Network Reiterated `Buy` at Wedbush Morgan
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Anne Thompson at Wedbush Morgan Securities. The target price is $20 per share.
10/31/2000 10:07
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StarMedia Network 3rd-Qtr Loss Widened, Revenue Tripled
Starmedia Networks Inc., an Internet company that targets Latin American users, said its third- quarter loss widened even as revenue jumped and spending on marketing slowed.
10/30/2000 17:16
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StarMedia Network Rated New `Strong Buy` at Santander
StarMedia Network Inc. (STRM US) was rated new ``strong buy`` in new coverage by analyst Robert Hinchcliffe at Santander Central Hispano Investment. The price target is $13.
10/24/2000 09:42
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Starmedia Raised to `Attractive` at Bear Stearns
Starmedia Network Inc. (STRM US) was raised to ``attractive`` from ``neutral`` by analyst Christopher A. Recouso at Bear, Stearns & Co.
10/05/2000 08:21
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Ziff-Davis to Sell Content to Latin American Sites (Update1)
Ziff-Davis Inc., which is being acquired by Cnet Networks Inc., said it signed agreements with five of Latin America`s biggest Internet portals to provide content for Web sites focused on technology.
09/26/2000 16:09
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StarMedia Network Rated New `Buy` at Wedbush Morgan
StarMedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst Anne Thompson at Wedbush Morgan Securities. The 12-month target price is $20.00 per share.
09/22/2000 09:20
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Starmedia Rated New `Neutral` at Bear Stearns
Starmedia Network Inc. (STRM US) was rated new ``neutral`` in new coverage by analyst Christopher A. Recouso at Bear, Stearns & Co.
09/22/2000 07:40
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StarMedia Network Reiterated `Buy` at CSFB
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst William M Landers at Credit Suisse First Boston. The 12-month target price range is $19-$21 per share.
09/14/2000 09:44
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StarMedia Network Price Target Raised at Lehman Brothers
StarMedia Network Inc. (STRM US) was maintained ``buy`` by analyst Michael Simpson at Lehman Brothers. The price target was raised to $19 from 17.50 per share.
09/14/2000 05:45
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StarMedia to Cut 15% of Workers to Try to Turn Profit (Update2)
StarMedia Networks Inc., the first Latin American Internet company to sell shares to the public, fired 15 percent of its workers, or 125, under a plan to turn a profit by the end of next year.
09/13/2000 19:59
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U.S. Equity Preview: Conexant Systems, Fatbrain.com, StarMedia
The following is a list of companies whose shares may move in U.S. markets Thursday, Sept. 14. U.S. Equity Preview includes news that broke after markets closed Wednesday. The stock symbol is in parentheses after the company name.
09/13/2000 18:23
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StarMedia to Cut 15% of Workers to Try to Turn Profit (Update1)
StarMedia Networks Inc., the first Latin American Internet company to sell shares to the public, fired 15 percent of its workers under a plan to turn a profit by the end of next year.
09/13/2000 17:24
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Starmedia Netwrk Rated New `Buy` at Lehman
Starmedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst Michael Simpson at Lehman Brothers. The 12-month target price is $17.50 per share.
09/13/2000 13:58
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Argentina Readies `Nasdaquito` Stock Exchange (Update1)
Argentina expects to approve regulations within two weeks for a new stock exchange for Internet and technology companies, though few start-ups are seen rushing to list their shares.
09/07/2000 13:45
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Argentina Readies Internet Stock Exchange Amid Tepid Interest
Argentina expects to approve regulations within two weeks for a new stock exchange for Internet and technology companies, though few start-ups are seen rushing to list their shares.
09/07/2000 10:16
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StarMedia Surges 25% on Report Televisa to Buy Stake (Update2)
Shares in StarMedia Networks Inc., the biggest publicly traded Latin American Internet company, surged on reports Mexico`s Grupo Televisa SA may buy a stake in the company.
09/06/2000 16:40
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StarMedia Surges on Report Televisa to Buy Stake (Update1)
Shares in StarMedia Networks Inc., the biggest publicly traded Latin American Internet company, surged on reports Mexico`s Grupo Televisa SA may buy a stake in the company.
09/06/2000 15:30
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StarMedia Shares Surge on Report of Televisa Stake Purchase
Shares in StarMedia Networks Inc., the biggest publicly traded Latin American Internet company, surged on reports Mexico`s Grupo Televisa SA may buy a stake in the company.
09/06/2000 14:26
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U.S. Equity Preview: Gadzoox, Pinnacle, Siebel (Correct)
The following is a list of companies whose shares may move in U.S. markets Tuesday, Aug. 8. U.S. Equity Preview includes news that broke after markets closed Monday. The stock symbol is in parentheses after the company name.
08/08/2000 08:17
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StarMedia Network 2nd-Quarter Loss Doubles on Marketing Costs
Starmedia Networks Inc., the biggest publicly traded Latin American Internet company, said its second-quarter loss doubled as marketing costs offset rising advertising sales.
08/07/2000 17:19
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StarMedia Claims Executive Breached Pact When he Joined Tiaxa
StarMedia Networks Inc. claims in a federal lawsuit that former executive Luis Samra breached his employment contract after he left the Latin American Internet company to head rival Tiaxa.
07/25/2000 17:56
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Chase 2nd-Qtr Profit Falls 10% on Equity Investments (Update5)
Chase Manhattan Corp.`s second-quarter profit fell 10 percent as a stock market slump cut the value of its investments in Internet and other start-up companies, and revenue from consumer banking barely rose.
07/19/2000 16:12
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Mexican Candidates Look to the Internet for Help in Close Vote
Mexico`s leading presidential candidates, both 57, have reached out to the Internet looking for an edge in Sunday`s tight vote.
06/29/2000 12:11
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Chase Capital Invests $10 Mln in Argentine Web Co. Yeyeye.com
Chase Capital Partners and other venture funds invested $10 million in Argentina`s Yeyeye.com, betting that more Latin Americans will want music and entertainment over the Internet.
06/15/2000 08:55
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Chase Manhattan Profit Estimate Cut by J.P. Morgan (Update1)
Chase Manhattan Corp.`s earnings estimates were cut by J.P. Morgan & Co., which said the No. 2 U.S. bank would have trouble cutting expenses as it builds its investment banking business, and may lose money from its venture capital investments.
06/09/2000 16:18
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StarMedia`s Espuelas on Terra Networks Buying Lycos: Comment
The following are comments by StarMedia Network Inc. Chairman Fernando Espuelas on Terra Networks SA`s plans to buy Lycos Inc. He spoke at the Silicon Alley Reporter`s International Network 2000 conference in New York. StarMedia, based in New York, provides Internet access and content in Spanish and Portuguese.
05/31/2000 12:15
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StarMedia Network Rated New `Buy` at CSFB
StarMedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst William M Landers at Credit Suisse First Boston Inc. The 12-month target price is $29.00 per share.
05/30/2000 09:07
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BellSouth, StarMedia Link Web, Wireless Phone Service in Chile
BellSouth Corp. and StarMedia Network Inc. said they set up a venture that will link the Internet and wireless telephones in Chile as demand for both services surges.
05/19/2000 11:43
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StarMedia Network Raised to `Strong Buy` at Guzman & Co
StarMedia Network Inc. (STRM US) was raised to ``strong buy`` from ``buy`` by analyst Patrick Comack at Guzman & Company. The price target is $40 per share.
05/17/2000 10:21
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Terra Networks Close to Buying Lycos for $12.5 Bln (Update10)
Terra Networks SA, Telefonica SA`s Internet arm, plans today to announce it will buy Lycos Inc. for about $12.5 billion in stock to gain one of the top three Web- search services, people familiar with the talks said.
05/16/2000 16:21
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Chase 1st-Quarter Profit Up 16% on Investment Banking (Update6)
Chase Manhattan Corp.`s first-quarter profit rose 16 percent as its purchase of investment bank Hambrecht & Quist helped double fees from advising on mergers. Venture capital gains also helped, though less than in the fourth quarter.
04/19/2000 16:23
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StarMedia Network Rated New `Hold` at ING Barings
StarMedia Network Inc. (STRM US) was rated new ``hold`` in new coverage by analyst Lars Schonander at ING Barings.
04/19/2000 15:01
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Chase Capital Portfolio Rises to $10.4 Bln, Contribution Falls
Chase Manhattan Corp.`s Chase Capital Partners, created 15 years ago and today one of the biggest U.S. investors in Internet start-ups, just keeps right on investing even during stock market swings.
04/19/2000 13:58
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`Portal` Stock Losses Hurt AltaVista: David Wilson (Correct)
The only surprise in AltaVista Co.`s postponement of its initial public stock sale is that it didn`t happen sooner.
04/19/2000 12:43
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StarMedia Network Rated New `Buy` at Guzman & Co
StarMedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst Patrick Comack at Guzman & Company. The price target is $32.
04/17/2000 15:10
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StarMedia Network Reiterated S-T `Outperform` at Bluestone
StarMedia Network Inc. (STRM US) was reiterated short-term ``outperform`` by analyst Kathleen Heaney at Bluestone Capital Partners LP. The long-term rating was also reiterated ``outperform.``
04/12/2000 10:26
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StarMedia Network Reiterated `Buy` at E*Offering
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Patrick Winton at E*Offering.
04/12/2000 09:59
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StarMedia Network Reiterated `Buy` at Chase H&Q
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Paul W. Noglows at Chase H&Q.
04/12/2000 09:40
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Starmedia Network Reiterated Near-Term `Accumulate` at Merrill
Starmedia Network Inc. (STRM US) was reiterated near-term ``accumulate`` by analyst Michel Morin at Merrill Lynch. The long-term rating was reiterated ``buy.``
04/12/2000 08:29
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U.S. Equity Preview: American Superconductor, Corillian, Triton
The following is a list of companies whose shares may move in U.S. markets on Wednesday, April 12. U.S. Equity Preview includes news that broke after the markets closed. Tuesday`s closing prices are included. The stock symbol is in parentheses after the company name.
04/12/2000 08:18
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StarMedia Network 1st-Qtr Loss Widens, Sales Soar (Update1)
Starmedia Networks Inc., a Latin American Internet company, said its first-quarter loss widened less than expected as sales and its customer base soared.
04/11/2000 18:27
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StarMedia Network 1st-Qtr Loss Widens, Sales Rise Five-Fold
Starmedia Networks Inc., a Latin American Internet company, said its first-quarter loss widened less than expected as sales and its customer base soared.
04/11/2000 17:42
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IFX Offers Venezuelans Free Internet Access Despite Govt Ban
IFX Corp, a Chicago-based company providing Internet service in Latin American, became the first company to offer free Internet access in Venezuela, betting the government won`t enforce its plan to outlaw free access.
04/10/2000 16:22
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Venezuela`s Two Cell-Phone Companies to Offer Internet Access
Venezuela`s two cellular phone companies, in a neck-and-neck battle for supremacy in Latin America`s fastest growing wireless market, have begun offering Internet access, marking a new phase to their competition.
04/07/2000 15:27
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Latin American Web IPOs May Be Shaken by Wild Markets (Update1)
This year`s crop of eager Latin American Web start-ups may be forced to postpone dreams of big stock offerings because of the volatility in U.S. markets, analysts said.
04/05/2000 15:18
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StarMedia Network Says 42% of Users Shop Online, Trend to Rise
Starmedia Network Inc., the first publicly traded Web company to target Latin Americans, said 42 percent of its users have shopped online last year, about in line with the average U.S. online shopping figures.
04/03/2000 12:40
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Explorador`s Cummins Globetrots to Fund Latin E-Startups
Andrew Cummins is racking up frequent-flyer miles jetting across Latin America, seeking out promising Internet ventures.
03/28/2000 11:19
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Insiders: Top Sellers, Buyers for the Week Ending March 24
The following lists the top purchases and sales of stocks by insiders as reported by the Washington Service.
03/27/2000 12:05
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Starmedia Netwrk Rated New Short-Term `Outperform` at Bluestone
Starmedia Network Inc. (STRM US) was rated new short-term ``outperform`` in new coverage by analyst Kathleen Heaney at Bluestone Capital Partners LP. The long-term rating is also ``outperform.`` The short-term and long-term price targets are $45 and $52 per share, respectively.
03/27/2000 08:58
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New York Times Sells Stake in Internet Unit to 3 Venture Firms
The New York Times Co., publisher of the third-largest U.S. newspaper, said it sold an undisclosed stake in its Internet operations to three venture capital firms.
03/21/2000 18:42
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Soros` Quantum Fund Expands in Argentine Free Internet Market
Billionaire George Soros` Quantum Dolphin Fund expanded its presence in Latin America`s Internet market by acquiring another free Web access provider in Argentina.
03/17/2000 15:33
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Starmedia Netwrk Reiterated Near-Term `Accumulate` at Merrill
Starmedia Network Inc. (STRM US) was reiterated near-term ``accumulate`` by analyst Michel Morin at Merrill Lynch & Co. The long-term rating was reiterated a ``buy.``
03/17/2000 07:39
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Venezuela Nixes Free Net Access, Bucking Latin Trend (Update1)
Venezuela`s government won`t allow Internet service providers to offer free Web access, bucking a free-market online trend in Latin America, the world`s fastest growing Internet market.
03/15/2000 15:27
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Argentina`s El Sitio to Pay $44.7 Mln for DeCompras (Update4)
El Sitio Inc., Argentina`s biggest Internet company, will pay about $44.7 million for a Mexican Web retailer, seeking more sources of revenue as investors drive down its shares.
03/14/2000 17:36
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Juno Unveils Spanish Internet Service With StarMedia (Update2)
Juno Online Services Inc., an e-mail and Internet-access provider, will develop a Spanish- language online service with StarMedia Network Inc. to attract Spanish-speaking customers in the U.S.
03/14/2000 16:08
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U.S. Equity Movers Final: B/E Aerospace, I-Flow, J.P. Morgan
The following is a list of companies whose shares moved in U.S. markets Monday, March 13. The stock symbol is in parentheses after the company name.
03/13/2000 17:26
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U.S. Equity Movers: Intel, Laserscope, StarMedia, Times Mirror
The following is a list of companies whose shares are moving in U.S. markets Monday, March 13. The stock symbol is in parentheses after the company name.
03/13/2000 11:36
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StarMedia Network Cut to `Neutral` at Salomon Smith Barney
StarMedia Network Inc. (STRM US) was downgraded to ``neutral`` from ``buy`` by analyst Lanny Baker at Salomon Smith Barney. The 12-month target price is $45.00 per share.
03/13/2000 10:03
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Starmedia Network Cut to Near-Term `Accumulate` at Merrill
Starmedia Network Inc. (STRM US) was downgraded to near-term ``accumulate`` from near-term ``buy`` by analyst Michel Morin at Merrill Lynch & Co. The long-term rating remained ``buy.``
03/13/2000 08:00
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Starmedia, L`Oreal Create Web Site for Latin Women (Update1)
Starmedia Network Inc., one of Latin America`s largest Internet companies, and L`Oreal SA, the world`s No. 1 beauty products maker, created a Web site targeted at Latin women.
03/09/2000 11:13
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Starmedia, L`Oreal Join Forces to Make Web Site for Latin Women
Starmedia Network Inc., one of Latin America`s largest Internet companies, and L`Oreal SA, the world`s No. 1 beauty products maker, created a Web site targeted at Latin women.
03/09/2000 08:09
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Starmedia Network Inc. Rated New `Buy` at Stires O`Donnell
Starmedia Network Inc. (STRM US) was rated new ``buy`` in new coverage by analyst Elena Castro at Stires, O`Donnell & Co. The 12-month target price is $67.70 per share.
03/02/2000 12:35
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Argentina`s El Sitio to Buy DeCompras; 4Q Loss Widens (Update4)
El Sitio Inc., Argentina`s biggest Internet company, agreed to buy Web retailer DeCompras.com Inc. and posted a wider fourth-quarter loss because of heavy spending to boost offerings in the region.
02/29/2000 15:18
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Mexican Bolsa Adapting to Offer Dot-Com Shares: Latin Markets
For years, Mexican startup companies seeking to raise capital on the stock exchange couldn`t. Regulatory hurdles kept them off until they were very well established. The Internet may be changing that.
02/26/2000 09:28
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Latin America Could Soon Become Land of Free Access (Update1)
The days of paid Internet access in Latin America may be numbered.
02/17/2000 13:51
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StarMedia Network Reiterated `Buy` at Thomas Weisel
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst P. Gordon Hodge at Thomas Weisel Partners.
02/17/2000 13:15
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Latin America Could Soon Become Land of Free Internet Access
The days of paid Internet access in Latin America are numbered.
02/17/2000 07:48
---
StarMedia Joins CMGI, Chase to Offer Free Web Access (Update2)
StarMedia Network Inc., CMGI Inc. and other partners created a company with a $200 million investment to offer free Web access in Latin America, hoping to attract users as competition in the Internet industry heats up.
02/16/2000 17:56
---
Suramericana Makes Quick $150 Mln Profit on Internet (Update1)
Suramericana de Inversiones SA, an insurance holding company, has become the first major Colombian company to profit from the rush to invest in the potential growth of the Internet in Latin America.
02/16/2000 17:02
---
StarMedia Joins CMGI, Chase to Offer Free Web Access (Update1)
StarMedia Network Inc., CMGI Inc. and other partners created a company with a $200 million investment to offer free Internet access in Latin America, hoping to attract users in the region.
02/16/2000 15:37
---
StarMedia Networks CEO Espuelas Said Company Not for Sale
StarMedia Network Inc. Chief Executive Fernando Espuelas said Latin America`s biggest publicly traded Web site is not for sale after the stock soared on speculation it might be acquired by a larger Web company.
02/16/2000 12:57
---
StarMedia Network Reiterated `Buy` at Thomas Weisel
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst P. Gordon Hodge at Thomas Weisel Partners.
02/16/2000 10:25
---
Suramericana Makes Quick $150 Million Profit on Internet Stake
Suramericana de Inversiones SA, an insurance holding company, has become the first major Colombian company to gain from the rush to invest in the potential growth of the Internet in Latin America.
02/16/2000 08:08
---
Latin Americans to Spend $8.3 Billion Online By 2005 (Update1)
Latin American spending online will surge to an annual $8.3 billion in the next five years, or more than 40 times what was spent last year as regional demand for Internet services grows, Jupiter Communications Inc. said.
02/15/2000 17:12
---
Yahoo! Plans to Develop Own Content to Win Latin American Users
Yahoo! Inc., the world`s most popular Internet directory, will develop its own Spanish and Portuguese content as part of its strategy to capture new users across Latin America.
02/15/2000 17:09
---
Latin Americans Projected to Spend $8.3 Billion Online By 2005
Latin American spending online will surge to an annual $8.3 billion in the next five years, or more than 40 times what was spent last year as regional demand for Internet services grows, Jupiter Communications Inc. said.
02/15/2000 11:29
---
Brazil Telecoms Capitalize on Internet: Latin Markets (Correct)
Internet fever has hit Brazilian telephone stocks.
02/12/2000 12:08
---
StarMedia Shares Rally on Speculation of Takeover (Update2)
StarMedia Network Inc., one of Latin America`s biggest Internet companies, rose 11 percent to a six-month high on speculation of a takeover by a U.S. online company seeking to fortify its offerings in the region.
02/11/2000 16:34
---
U.S. Equity Movers: InfoCure, Lexington Global, StarMedia
The following is a list of companies whose shares are moving in U.S. markets Friday, Feb. 11. The stock symbol is in parentheses after the company name.
02/11/2000 10:32
---
U.S. Stocks in Europe: Abitibi, Microsoft, Siebel, TriQuint
U.S. stocks advanced in Europe. Computer-related companies and phone shares rose after Siebel Systems Inc. announced an agreement with International Business Machines Corp. and TriQuint Semiconductor said fourth-quarter revenue increased 60 percent.
02/11/2000 05:56
---
U.S. Equity Preview: Cox Radio, Policy Management, StarMedia
The following is a list of companies whose shares may move in U.S. markets on Friday, Feb. 11. U.S. Equity Preview includes news that broke after the markets closed. Thursday`s closing prices are included. The stock symbol is in parentheses after the company name.
02/11/2000 01:34
---
Chase Mulls Tracking Stock for Venture Capital Unit (Update4)
Chase Manhattan Corp. might issue a separate stock to track the performance of its growing venture capital investments, in an effort to boost lagging shareholder returns.
02/09/2000 16:45
---
ING Barings` Collins on Possible Chase Tracking Stock: Comment
Andrew Collins, an analyst at ING Barings, comments on Chase Manhattan Corp.`s possible issuance of a separate stock to track the performance of its venture capital investments if its shares don`t get a lift from its growing portfolio of start-up companies.
02/09/2000 13:17
---
Brazil`s Submarino.com Raises $71.3 Mln From TH Lee, Others
Brazil`s Submarino.com, which sells books, compact discs and toys over the Internet, said it raised $71.3 million in a second round of financing, higher than the amount the company had announced earlier in January.
02/09/2000 09:55
---
U.S. Equity Movers: Eco Soil, GlobeSpan, Grand Union, Metro One
The following is a list of companies whose shares are moving in U.S. markets Tuesday, Feb. 8. The stock symbol is in parentheses after the company name.
02/08/2000 15:28
---
Starmedia Netwrk Reiterated Near-Term `Buy` at Merrill
Starmedia Network Inc. (STRM US) was reiterated near-term ``buy`` by analyst Michel Morin at Merrill Lynch & Co. The long-term rating was also reiterated ``buy.``
02/08/2000 07:35
---
StarMedia Fourth-Qtr Loss Rises 15% on Higher Development Costs
StarMedia Network Inc., which runs a network of Web sites that targets a Latin American audience, said its fourth-quarter loss widened 15 percent, as the company boosted expenses to develop new products and technology.
02/07/2000 17:45
---
Chase Puts Venture Capital Head Walker on Stage for Investors
Chase Manhattan Corp., the nation`s No. 2 bank, with 70,000 workers, earned $6.27 billion in revenue during the last three months of 1999. What surprised many shareholders was that $1.31 billion came from just 150 employees.
02/07/2000 14:23
---
Argentine Fund Manager Makes Internet Foray Via Son (Correct)
Eduardo Costantini, the owner of Argentina`s biggest investment management firm, is making his foray into the Internet business through his 23-year- old son.
02/04/2000 12:54
---
Soros` Quantum Fund Betting on Free Web Access in Argentina
Quantum Dolphin Fund, controlled by billionaire George Soros, took a majority stake in Argentine start up RedAlternativa, adding a free Internet access provider to its growing list of Latin American Web investments.
02/03/2000 12:05
---
Argentine Fund Manager Makes Internet Foray Via Son`s Venture
Eduardo Costantini, the owner of Argentina`s biggest investment management firm, is making his foray into the Internet business through his 23-year-old son.
02/03/2000 07:01
---
StarMedia to Buy Mexico`s AdNet for $20 Million (Update2)
StarMedia Networks Inc., one of Latin America`s biggest Internet companies, plans to pay $20 million in cash and stock for a Mexican Internet company in a transaction that could be worth more than five times as much.
02/01/2000 17:08
---
U.S. Equity Movers: Netcentives, Transportation Technologies
The following is a list of companies whose shares are moving in U.S. markets Monday, Jan. 31. The stock symbol is in parentheses after the company name.
01/31/2000 10:23
---
Starmedia Network Raised to Near-Term `Buy` at Merrill
Starmedia Network Inc. (STRM US) was raised to near-term ``buy`` from near-term ``accumulate`` by analyst Michel Morin at Merrill Lynch & Co. The long-term rating remained ` `buy.``
01/31/2000 07:50
---
Latin American Web Startups Use U.S. as Model to Draw Capital
When Alec Oxenford and his partners set out to become Internet millionaires, they hoped a Latin American version of U.S. online auctioneer eBay Inc. would attract venture capitalists.
01/28/2000 08:08
---
StarMedia Appoints Bilenky, Loureiro to Top Positions (Update1)
StarMedia Networks Inc., one of Latin America`s biggest Internet companies, appointed two new executives, one coming from rival America Online Inc.`s Brazilian unit.
01/27/2000 17:50
---
Chase Manhattan Reorganizes to Focus on `New Economy` (Update2)
Chase Manhattan Corp. shuffled its top management to focus on the Internet and other ``new economy`` efforts as the No. 2 U.S. bank sees more of its profit coming from online banking and investments in start-up companies.
01/27/2000 16:14
---
StarMedia Partners With MercadoLibre to Add Online Auctions
StarMedia Networks Inc., one of Latin America`s biggest Internet portals, said it partnered with closely held MercadoLibre to add an online auction service to its Web site.
01/20/2000 00:01
---
U.S. Equity Movers Final: Radica Games, SonicWall, SLI, Xoma
The following is a list of companies whose shares moved in U.S. markets Wednesday, Jan. 19. The stock symbol is in parentheses after the company name.
01/19/2000 17:19
---
Chase 4th-Qtr Profit Up 46% on Private Equity Gains (Update6)
Chase Manhattan Corp., the No. 2 U.S. bank, said fourth-quarter earnings rose 46 percent on venture capital investments in Internet and other start-up companies and fees from investment banking.
01/19/2000 16:32
---
Terra Networks Develops Web Site for U.S. Hispanics (Update3)
Terra Networks SA, Europe`s largest publicly traded Internet company, said it has developed a Web site for the Hispanic community in the U.S.
01/19/2000 16:19
---
Spain`s Terra Develops Web Site for U.S. Hispanics (Update2)
Terra Networks SA, Europe`s largest publicly traded Internet company, said it has developed a Web site for the Hispanic community in the U.S.
01/19/2000 15:51
---
U.S. Equity Movers: JLG Industries, Microsoft, Sanmina, Viasoft
The following is a list of companies whose shares are moving in U.S. markets Wednesday, Jan. 19. The stock symbol is in parentheses after the company name.
01/19/2000 11:26
---
U.S. Equity Movers Final: Comdisco, Microsoft, Venture Catalyst
The following is a list of companies whose shares moved in U.S. markets Wednesday, Dec. 22. The stock symbol is in parentheses after the company name.
12/22/1999 18:08
---
StarMedia Buys Rights to Chat Software to Try to Attract Users
StarMedia Networks Inc., which runs a network of Web sites that targets Latin Americans, said it acquired the exclusive rights to use two chat technologies to help it expand the popular service.
12/22/1999 16:58
---
U.S. Equity Movers: Broadvision, Dynegy, Lucent, PanAmSat
The following is a list of companies whose shares are moving in U.S. markets Wednesday, Dec. 22. The stock symbol is in parentheses after the company name.
12/22/1999 15:33
---
StarMedia Network Inc. Reiterated `Buy` at J.P. Morgan
Starmedia Network Inc. (STRM US) was reiterated ``buy`` by analyst Susan Walker White at J.P. Morgan Securities. The 12-month target price is $66.00 per share. StarMedia is White`s top internet pick for 2000.
12/22/1999 12:51
---
Brazil`s Submarino.com Uses Retail Strategy for Internet Sales
A few years ago, Antonio Bonchristiano was selling beans and rice in Brazilian supermarkets. Now he`s selling everything from compact discs and toys to books over the Internet.
12/14/1999 07:02
---
El Sitio Shares More Than Double After $131.2 Mln IPO (Update4)
Shares of El Sitio Inc., Argentina`s biggest Internet company, more than doubled in their first day of trading after the company raised $131.2 million in an initial stock sale.
12/10/1999 16:48
---
El Sitio Increases IPO Price, May Raise $123 Million (Update4)
El Sitio Inc. shares are poised to rise when sold tomorrow, after the Latin American Internet company upped the price of its initial stock sale on strong demand.
12/09/1999 17:56
---
Chase CEO Says Internet Stocks Deserve High Prices (Update4)
Chase Manhattan Corp. Chief Executive William Harrison said Internet companies with little or no earnings may deserve the high stock prices they fetch because they will have a growing role in a changing economy.
12/08/1999 16:58
---
StarMedia Network Reiterated `Buy` at Thomas Weisel
StarMedia Network Inc. (STRM US) was reiterated ``buy`` by analyst P. Gordon Hodge at Thomas Weisel Partners.
12/08/1999 10:31
---
Chase CEO Says Internet Stocks Not Overpriced, Has $1.5 Bln Bet
Chase Manhattan Corp. Chief Executive William Harrison says Internet companies with little or no earnings may deserve the high stock prices they fetch because they will have a growing role in a changing economy.
12/08/1999 10:04
---
Teleglobe Open to Mergers, Alliances, CEO Says: Bloomberg Forum
Teleglobe Inc., Canada`s biggest international telecommunications carrier, is ``looking at all alternatives`` -- including mergers and joint ventures, to bolster its stock price, said Chief Executive Charles Sirois.
12/01/1999 12:37
---
Starmedia Networks Moving Operations to Downtown Manhattan
StarMedia Networks Inc., which runs a network of Web sites that targets a Latin American audience, agreed to lease 210,000 square feet of space in 1 Hudson Square, one of the largest lease transactions of the year in lower Manhattan.
12/01/1999 09:04
Trading Spotlight
StarMedia and Akumiitti Bring Wireless Entertainment Technology To Latin America
StarMedia Mobile Will Integrate and Offer Leading Finnish Mobile Internet
Platform to Expand Wireless Operator Offerings
NEW YORK, July 19, 2000 -- StarMedia Network, Inc. (Nasdaq: STRM)
( http://www.starmedia.com ), the leading Internet media company for
Spanish- and Portuguese-speaking audiences worldwide, today announced an
agreement with Akumiitti, a leading developer of wireless software
applications, to integrate Akumiitti`s Entertainment Service Center 2 (ESC 2)
platform to StarMedia Mobile`s technology and service offering. The
partnership expands StarMedia Mobile`s service offerings for wireless
operators, enabling them to provide subscribers with unique value added
services such as customized mobile telephone ringing tones, icons, and picture
messaging.
Under the terms of the agreement, StarMedia Network`s wireless division
will have rights to distribute Akumiitti`s ESC 2 platform to Latin American
mobile operators. Developed by Finnish company Akumiitti, ESC 2 is the first
wireless platform product designed to support large-scale deployment of value
added services in today`s GSM, TDMA and CDMA networks. As part of the
agreement, the content for the platform will be provided by Wireless
Entertainment Services (WES), an innovative, global digital content provider
for the wireless networks.
"By bringing Akumiitti`s expertise in wireless technology to Latin
America, we enable regional mobile operators to diversify and enhance their
service portfolio with unique personalization tools," said Enrique Narciso,
General Manager of StarMedia Mobile, the wireless division of StarMedia
Network, Inc. "Our partnership with Akumiitti demonstrates our mission to
provide an end-to-end, turn-key solution for wireless carriers throughout the
Spanish- and Portuguese-speaking world."
The ESC 2 platform allows subscribers to download ringing tones and icons
from a wide variety of content offerings. In addition, the ESC 2 platform
includes a ringing tone composer and icon editor that allows users to compose
their own ringing tones and edit their own personal icons in the service
provider`s website. ESC 2 offers a high degree of scalability, enabling
operators to capitalize on today`s fast-growing markets for digital cellular
services.
"StarMedia Network`s leadership in the region allows us to gain an
extensive and important customer base in a burgeoning market," said Ilkka
Castern, Director of Marketing and Sales for Akumiitti. "By partnering with
the leading mobile Internet enabler for wireless carriers in Spanish- and
Portuguese-speaking markets, we can put our wide range of wireless Internet
services directly into the hands of users."
Strong growth is predicted for wireless services in Latin America.
According to IDC, the number of wireless subscribers in Latin America is
expected to grow to 191.5 million in 2003.
About StarMedia Mobile
StarMedia Mobile, the wireless division of StarMedia Network, Inc., is the
leading mobile Internet enabler for wireless carriers in Latin America and
other Spanish- and Portuguese-speaking markets. By combining the Internet
value proposition with proprietary technology, StarMedia Mobile offers an
end-to end, turnkey solution for wireless companies to close the gap between
market, carrier and technology, allowing a portable window to the Internet.
StarMedia Mobile`s technology has been installed in the majority of the mobile
carriers offering wireless Internet service today, including BellSouth Chile,
Movilnet Venezuela, and ATL, Telet, and Telemig Brazil. StarMedia Mobile
launched the first personalized wireless portal in Chile, Venezuela, and
Colombia, and the first mobile banking solution in Latin America.
About StarMedia Network, Inc.
StarMedia Network is the leading Internet media company for Spanish- and
Portuguese-speaking audiences worldwide. The company is committed to providing
Spanish and Portuguese speakers with a complete selection of services and
products that take full advantage of Internet technologies. StarMedia Network
consists of 12 leading brands including StarMedia.com, Cade?, AdNet, LatinRed,
Zeek!, Guia SP, Guia RJ, OpenChile, Panoramas.cl, Paisas.com, Batepapo.com.br,
Yo Invito; and operates StarMedia Mobile, the wireless division, and StarMedia
Broadband, the broadband services arm. Some of StarMedia Network`s strategic
relationships include Netscape Communications, RealNetworks, Billboard, Dell,
Reuters, eBay, National Broadcasting Company, Hearst Communications, and
Fininvest. Founded in 1996, the Company has over 750 employees and operations
in Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico, Spain, Uruguay,
Venezuela, and major U.S. cities.
About Akumiitti
Akumiitti, founded in 1993, is a leading wireless software company.
Akumiitti is privately owned by its employees and international venture
capital companies. Akumiitti`s main products, Entertainment Service Center
(ESC) and Akumiitti Connectivity Library (ACL), enable mobile operators,
service and content providers to create world-class value added services. The
Akumiitti Telematic Platform (ATP) is a highly advanced telematics platform
for wireless data applications designed to bring mobile connectivity to
automobiles, appliances, mobile devices and other products. DaimlerChrysler,
Nokia, Sonera (Finland), Blu (Italy), Winbox (Belgium) and 123 Internett
(Norway), are among Akumiitti`s largest clients.
About Wireless Entertainment Services Ltd. (WES)
Wireless Entertainment Services is an innovative, globally oriented
digital content provider for the wireless networks, with a mission to create
wireless fun for the mobile phone users all over the world. WES works with
leading mobile phone manufacturers, network carriers and mobile phone
distributors to develop new services. The company was founded by Finnish
companies, SoundOne Ltd and Akumiitti Ltd.
SOURCE StarMedia Network, Inc.
Web Site: http://www.starmedia.com http://www.starmedia.net
---
0.29 us$
StarMedia Mobile Will Integrate and Offer Leading Finnish Mobile Internet
Platform to Expand Wireless Operator Offerings
NEW YORK, July 19, 2000 -- StarMedia Network, Inc. (Nasdaq: STRM)
( http://www.starmedia.com ), the leading Internet media company for
Spanish- and Portuguese-speaking audiences worldwide, today announced an
agreement with Akumiitti, a leading developer of wireless software
applications, to integrate Akumiitti`s Entertainment Service Center 2 (ESC 2)
platform to StarMedia Mobile`s technology and service offering. The
partnership expands StarMedia Mobile`s service offerings for wireless
operators, enabling them to provide subscribers with unique value added
services such as customized mobile telephone ringing tones, icons, and picture
messaging.
Under the terms of the agreement, StarMedia Network`s wireless division
will have rights to distribute Akumiitti`s ESC 2 platform to Latin American
mobile operators. Developed by Finnish company Akumiitti, ESC 2 is the first
wireless platform product designed to support large-scale deployment of value
added services in today`s GSM, TDMA and CDMA networks. As part of the
agreement, the content for the platform will be provided by Wireless
Entertainment Services (WES), an innovative, global digital content provider
for the wireless networks.
"By bringing Akumiitti`s expertise in wireless technology to Latin
America, we enable regional mobile operators to diversify and enhance their
service portfolio with unique personalization tools," said Enrique Narciso,
General Manager of StarMedia Mobile, the wireless division of StarMedia
Network, Inc. "Our partnership with Akumiitti demonstrates our mission to
provide an end-to-end, turn-key solution for wireless carriers throughout the
Spanish- and Portuguese-speaking world."
The ESC 2 platform allows subscribers to download ringing tones and icons
from a wide variety of content offerings. In addition, the ESC 2 platform
includes a ringing tone composer and icon editor that allows users to compose
their own ringing tones and edit their own personal icons in the service
provider`s website. ESC 2 offers a high degree of scalability, enabling
operators to capitalize on today`s fast-growing markets for digital cellular
services.
"StarMedia Network`s leadership in the region allows us to gain an
extensive and important customer base in a burgeoning market," said Ilkka
Castern, Director of Marketing and Sales for Akumiitti. "By partnering with
the leading mobile Internet enabler for wireless carriers in Spanish- and
Portuguese-speaking markets, we can put our wide range of wireless Internet
services directly into the hands of users."
Strong growth is predicted for wireless services in Latin America.
According to IDC, the number of wireless subscribers in Latin America is
expected to grow to 191.5 million in 2003.
About StarMedia Mobile
StarMedia Mobile, the wireless division of StarMedia Network, Inc., is the
leading mobile Internet enabler for wireless carriers in Latin America and
other Spanish- and Portuguese-speaking markets. By combining the Internet
value proposition with proprietary technology, StarMedia Mobile offers an
end-to end, turnkey solution for wireless companies to close the gap between
market, carrier and technology, allowing a portable window to the Internet.
StarMedia Mobile`s technology has been installed in the majority of the mobile
carriers offering wireless Internet service today, including BellSouth Chile,
Movilnet Venezuela, and ATL, Telet, and Telemig Brazil. StarMedia Mobile
launched the first personalized wireless portal in Chile, Venezuela, and
Colombia, and the first mobile banking solution in Latin America.
About StarMedia Network, Inc.
StarMedia Network is the leading Internet media company for Spanish- and
Portuguese-speaking audiences worldwide. The company is committed to providing
Spanish and Portuguese speakers with a complete selection of services and
products that take full advantage of Internet technologies. StarMedia Network
consists of 12 leading brands including StarMedia.com, Cade?, AdNet, LatinRed,
Zeek!, Guia SP, Guia RJ, OpenChile, Panoramas.cl, Paisas.com, Batepapo.com.br,
Yo Invito; and operates StarMedia Mobile, the wireless division, and StarMedia
Broadband, the broadband services arm. Some of StarMedia Network`s strategic
relationships include Netscape Communications, RealNetworks, Billboard, Dell,
Reuters, eBay, National Broadcasting Company, Hearst Communications, and
Fininvest. Founded in 1996, the Company has over 750 employees and operations
in Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico, Spain, Uruguay,
Venezuela, and major U.S. cities.
About Akumiitti
Akumiitti, founded in 1993, is a leading wireless software company.
Akumiitti is privately owned by its employees and international venture
capital companies. Akumiitti`s main products, Entertainment Service Center
(ESC) and Akumiitti Connectivity Library (ACL), enable mobile operators,
service and content providers to create world-class value added services. The
Akumiitti Telematic Platform (ATP) is a highly advanced telematics platform
for wireless data applications designed to bring mobile connectivity to
automobiles, appliances, mobile devices and other products. DaimlerChrysler,
Nokia, Sonera (Finland), Blu (Italy), Winbox (Belgium) and 123 Internett
(Norway), are among Akumiitti`s largest clients.
About Wireless Entertainment Services Ltd. (WES)
Wireless Entertainment Services is an innovative, globally oriented
digital content provider for the wireless networks, with a mission to create
wireless fun for the mobile phone users all over the world. WES works with
leading mobile phone manufacturers, network carriers and mobile phone
distributors to develop new services. The company was founded by Finnish
companies, SoundOne Ltd and Akumiitti Ltd.
SOURCE StarMedia Network, Inc.
Web Site: http://www.starmedia.com http://www.starmedia.net
---
0.29 us$
@kino,
e-mail abrufen bitte.
grüße, fs
e-mail abrufen bitte.
grüße, fs
@kino,
e-mail abrufen bitte.
grüße, fs
e-mail abrufen bitte.
grüße, fs
*lol*
0.34 us$
0.34 us$
fuer wen pusht gigaguro ?
---
verkaufen.
aktuell 0.37 us$
---
verkaufen.
aktuell 0.37 us$
40% - das genuegt.
vorbereiten auf den wiedereinstieg .
zuletzt 0.38 us$
zu erwartender tiefstkurs nach handelsaufnahme - intraday :
0.26 us$
kauflimit in frankfurt deshalb bei maximal 0.3 eu festmachen .
zuletzt 0.38 us$
zu erwartender tiefstkurs nach handelsaufnahme - intraday :
0.26 us$
kauflimit in frankfurt deshalb bei maximal 0.3 eu festmachen .
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