Wall Street: AOL vor Analystenkonferenz leicht unter Druck - 500 Beiträge pro Seite

[Nachrichten [wO]]

Für 23:00 Uhr unserer Zeit ist die Analysten-Konferenz des Medien- und Internet-Riesen AOL Time Warner angesetzt. Viele Beobachter gehen davon aus, dass der Konzern die Gelegenheit nutzen wird, seine bisherigen Wachstumsprognosen für das Jahr 2002 zurück zu nehmen . Im Vorfeld der Veranstaltung wird in amerikanischen Medien spekuliert, dass AOL den Bertelsmann-Anteil an AOL Europe im Wert von 6,75 Mrd. Dollar in Bar bezahlen wird. Dabei sollen 5,25 Mrd. Dollar noch im Januar und 1,5 Mrd. Dollar im Juli gezahlt werden. Vorbörslich fällt die Aktie des Konzerns leicht von 31,95 auf 31,87 Dollar.

Gerüchte gibt es zudem um aggressive Restrukturierungspläne des Automobil-Herstellers Ford. Die werden nach Angaben der Financial Times die Entlassung von rund 20.000 Mitarbeitern und die Schließung von Werken beinhalten. Außerbörslich verbessert sich Ford leicht von 16,94 auf 17,00 Dollar.

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einsurance hat Versicherer zum Thema „Riester-Rente“ durchleuchtet einsurance hat für Sie bereits die Versicherer zum Thema „Riester-Rente“ durchleuchtet. Von ausgewählten Versicherungsgesellschaften können Sie weitere Informationen zu der staatlich geförderten Rente anfordern.

Gut sieht es heute für den in der vergangenen Woche arg geschundenen Biotech-Sektor aus. So heben beispielsweise die Analysten von Lehman die Kursziele von gleich fünf Aktien des Sektors an und bewerten die Aktie des Branchen-Primus Amgen nach zuvor „buy“ nun mit „strong buy“. Sowohl die Experten der UBS Warburg als auch von Prudential Securities heben zudem ihre Empfehlung zu Gilead Sciences von „hold“ auf „buy“ an. Amgen steigt vorbörslich von 55,62 auf 57,25 Dollar und Gilead verteuert sich von 61,40 auf 63,00 Dollar.

Die Futures auf die maßgeblichen US-Indizes verheißen einen freundlichen Start in die neue Handelswoche. Die März-Kontrakte auf den Nasdaq100 notieren 1,3 Prozent besser und die Termingeschäfte auf den S&P 500 liegen 0,1 Prozent im Plus.

Charttechnik

Die obere Begrenzung der seit Wochen vorherrschenden Korrekturbewegung hat am Freitag standgehalten. Die Seitwärtsphase kann deshalb noch nicht als beendet gelten. Erst wenn die Nasdaq den Bereich um 2.065 Punkte mit Abstand hinter sich gelassen hat, sollte es für den Index weiter aufwärts gehen. Aktuell ist aber ein Rebound an dieser Marke wahrscheinlicher.

Denn der ProjectionOscillator sendet aus der überkauften Zone ein Verkaufssignal. Dieser Indikator ist bestens für kurzfristige Schwingungen in trendlosen Phasen geeignet. Und eine solche Seitwärtsbewegung wird durch den Trendbestimmungsindikator Aroon angezeigt. Positiv ist hingegen der MACD gestimmt. Der Trendfolger generiert seit langem ein Kaufsignal. Der Umsatzanstieg am vergangenen Handelstag ist ebenso ein gutes Zeichen.

Unternehmen heute

Der US-amerikanische Elektronik-Einzelhändler Circuit City rechnet damit, die bisherigen Prognosen für sein viertes Geschäftsquartal übertreffen zu können. Vor allem die hohe Nachfrage nach Video-Spielen, Digital-Kameras, PC und DVD trage dazu bei, heißt es. Circuit City rechnet mit einem Gewinn je Aktie zwischen 72 und 76 Cent nach 46 Cent vor einem Jahr. Im außerbörslichen Handel verteuert sich die Aktie von 27,46 auf 28,05 Dollar.

Der Software-Hersteller Tibco wird den Mitbewerber Talarian für 115 Mio. Dollar in Aktien, Bar und übernommenen Schulden akquirieren. Das Gebot bewertet Talarian mit 5,30 Dollar je Aktie und liegt damit um 69 Prozent über deren Schlusskurs vom vergangenen Freitag. Vorbörslich fällt Tibco von 16,60 auf 16,50 Dollar.

Das US-Anlegermagazin Barron’s betrachtet die Aktien des Herstellers von Video-Spielen Electronic Arts als überbewertet. Grund seien die Verzögerungen bei der Einführung der Online-Version des erfolgreichen Spiels „The Sims“ sowie der noch nicht sichere Erfolg der neuen Spielekonsole Xbox von Microsoft. Vorbörslich verliert das Papier von 62,96 auf 61,00 Dollar.

Autor: Björn Junker (© wallstreet:online AG),14:48 07.01.2002

[olliho]

na herrlich, aol zieht direkt an und mein OS steigt mit, anscheinend aufs richtige Pferdchen gesetzt. Dann lasst uns mal schaun was heute abend so erzählt wird, ich bin optimistisch.

Gruß Olliq

[RiGoe1]

"AOL Time Warner Provides Update On 2002 With Consolidation of AOL Europe; Company Reports Preliminary Results For 2001
NEW YORK--(BUSINESS WIRE)--Jan. 7, 2002--


Will Acquire Bertelsmann`s Interest and Consolidate AOL Europe in Financial Results in 2002

AOL Time Warner today announced preliminary results for the full year 2001 and fourth quarter.

The Company also provided financial guidance for 2002 based on expectations for its operating businesses and the consolidation of AOL Europe, and the effects of its 2002 adoption of the new accounting standard FAS 142.

2001 Preliminary Results


For the full year 2001, AOL Time Warner said it expects to post EBITDA growth of approximately 18% to just under $10 billion. Revenues for the full year are expected to grow approximately 5% to just over $38 billion. Free cash flow for 2001 will increase by more than 200% to approximately $3 billion. The Company said that fourth quarter EBITDA is expected to grow approximately 14% to over $2.7 billion and that revenues will grow approximately 3% to $10.5 billion.

The 2001 results exclude certain one-time nonrecurring charges that are expected in the fourth quarter, including approximately $50 million of merger-related costs and approximately $1.5 to $1.8 billion of non-cash charges primarily related to the revaluation of certain equity investees and market declines in the Company`s investment portfolio.

Chief Executive Officer Jerry Levin said: "In 2001, AOL Time Warner achieved important goals in all of its divisions despite a difficult economic environment that included the weakest advertising market in memory. The balance and strength of our diverse businesses helped us ride out the tough economy, led by robust subscriber growth across America Online, Time Inc., HBO and Time Warner Cable. Total AOL Time Warner subscribers now exceed 147 million worldwide. We also reduced costs substantially, and financial discipline and productivity gains will continue to be major priorities in the years ahead."

Mr. Levin continued: "The creative side of AOL Time Warner also flourished, adding great value to the Company with an industry-leading portfolio of content, including `Harry Potter` and `Lord Of the Rings,` which represent powerful franchises that will pay dividends well into the future. And, America Online proved to be a unique and highly efficient vehicle to help launch and promote our movies, music, magazines, books and television programming throughout the Company."

Among the other 2001 accomplishments the Company cited were:

-- AOL Membership, including impressive AOL member growth in the
fourth quarter, when 1.9 million new members joined the
service, for a total of 33.2 million at December 31, 2001. On
December 26, the Company posted its second-best day for
subscriber growth ever, adding 63,700 new members.

-- Broadband, including the essential completion of the Company`s
cable broadband and digital pipeline build-out and the
introduction of multiple ISPs, including AOL, in its 20
largest cable markets, passing 15 million digital households.
Starting in 2002, the system will carry an increasing variety
of high-value services to consumers such as Video on Demand
and Subscription Video on Demand.

During the year, the Company added more than 1.5 million
digital subscribers, for a year-end total of approximately 3.3
million. At the same time, the number of high-speed data
subscribers more than doubled to approximately 1.9 million.

-- Box Office Results, which totaled $1.8 billion in domestic
ticket sales for Company releases in 2001, gaining the
number-one position in the industry. Warner Bros. and New Line
created hits and franchise movies such as "Harry Potter and
the Sorcerer`s Stone," "The Lord of the Rings: The Fellowship
of the Ring," and "Rush Hour 2," as well as "Ocean`s 11" and
"Cats and Dogs."

-- Cross-Company Advertising, based on the success of the Global
Marketing Solutions group, which signed more than $1 billion
in cross-divisional advertising and marketing agreements. Key
cross-company advertising agreements included Toyota, Burger
King, Kraft, Kellogg`s, H&R Block, Motorola, and Chrysler.

-- E-Commerce Performance, with online purchases from AOL
customers jumping more than 67% in 2001 to approximately $33
billion, led by a 72% increase in online shopping in the
fourth quarter and approximately $7.2 billion in online
shopping during the holiday season. Nearly 80% of members
shopped online during the past six months, with over 90%
planning additional purchases in the next six months.

AOL Europe


AOL Time Warner said it is acquiring Bertelsmann AG`s 49% interest in AOL Europe. Bertelsmann, which has funded AOL Europe since its creation, will transfer 80% of its current stake to AOL Time Warner on January 31, 2002 in return for $5.3 billion in cash. AOL Time Warner will acquire the remaining 20% for $1.45 billion in cash in July 2002. AOL Time Warner will begin consolidating AOL Europe financial results effective at the beginning of 2002.

Since the Company established the terms of its agreement with Bertelsmann in March 2000, AOL Europe has experienced significant growth, with membership in its AOL services climbing by 40% to 5.5 million in the past year alone. It is the only online service operating in the three largest European countries - Germany, France and the UK - with a single brand, business model and platform. AOL Europe`s services are number-one or -two in each of those countries, based on the number of subscribers, and their usage is significantly higher per member than any other European online service. AOL Europe has substantial growth potential in those countries alone, where current household penetration ranges from under 30% to less than 40%.

AOL Germany has more than 2.5 million members, while AOL France has more than a million members and, in the UK, AOL is the leading ISP with more than 1.5 million members. Usage of AOL UK accounts for 16% of all consumer time spent online in that country, compared to just 1% for the next largest ISP, while usage of AOL France represents 20% of all time spent online versus 5% for the country`s largest ISP. Usage of AOL Germany averages five times greater than its chief competitor.

Mr. Levin added: "Looking ahead, we see our expansion in international markets as one of the major contributors to sustained strong performance. This is particularly true in Europe, with AOL Europe and IPC Media, the UK`s leading magazine publisher. By leveraging AOL Europe`s infrastructure, cross-company promotional abilities and other assets, AOL Europe can become the driver for Company-wide growth in international consumer markets that AOL has become in the US."

Expectations for 2002


For 2002, AOL Time Warner said its business plan assumes no recovery in the economy. In addition, the Company will make substantial investments in its businesses to increase the market shares of its operations and ensure they are positioned to take full advantage of an upturn in the economy. Further, the Company`s growth expectations for 2002 reflect the pro forma effects on fiscal 2001 of the AOL Europe and IPC acquisitions.

In light of these factors, AOL Time Warner expects revenue growth to be in the 5%-8% range and EBITDA to increase in the 8%-12% range. For the first quarter of 2002, the Company said EBITDA and revenues will be essentially flat.

Mr. Levin concluded: "Looking at 2002, we have made conservative assumptions about the economic environment and the state of advertising. We`re giving high priority to investing in the development of new products and services, accelerating our international expansion, reinvesting in our core businesses and acquiring new businesses. We are determined to put this Company in the strongest possible competitive position to take full advantage of the eventual renewed growth in the economy and the advertising market."

Longer-Term Outlook


The Company said that an economic upturn in 2002 could lead to EBITDA growth in the low-to-high teens in 2003 and beyond. The Company said that, whatever the state of the economy, it will continue to outperform its competitors, due to its subscription relationships, the strength of its content and the disciplined management of its cost base.

The Company will report its full financial results for 2001 on January 30, 2002.

FAS 142


Effective January 1, 2002, all calendar year companies will be required to adopt the new accounting standard "Goodwill and Other Intangible Assets" ("FAS 142"). FAS 142 eliminates amortization of goodwill and other intangible assets with indefinite lives, which is expected to reduce AOL Time Warner`s annual amortization by over $7 billion.

FAS 142 provides new measurement techniques for goodwill and other intangible assets resulting from business combinations. While its revaluation has not been completed, the Company said it expects to record a one-time, non-cash charge in its income statement for the first quarter of 2002 in the $40-$60 billion range to reflect overall market declines since the AOL Time Warner merger was announced in January of 2000. This charge will reflect the cumulative effect of adopting the accounting change and does not affect the Company`s operations.

About AOL Time Warner


AOL Time Warner (NYSE: AOL) is the world`s first Internet-powered media and communications company, whose industry-leading businesses include interactive services, cable systems, publishing, music, networks and filmed entertainment.

The Company`s conference call to discuss these preliminary results can be heard live on the Internet at 5:00 pm ET on Monday, January 7. To listen to the call, visit www.aoltimewarner.com/investors or AOL Keyword: IR.

Caution Concerning Forward-Looking Statements


This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management`s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and factors affecting the integration of the businesses of Time Warner Inc. and America Online, Inc. More detailed information about these factors may be found in filings by AOL Time Warner with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and its most recent quarterly report on Form 10-Q. AOL Time Warner is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise."

Hört sich alles positiv an keine bösen Überraschungen. Nachbörslicher Kurs 23:17 Uhr 33.51 US$.

AOL sollte jetzt vielleicht doch ins "rennen" kommen, man ist im Vergleich unverhältnismäßig weit zurückgeblieben.

[olliho]

sehe ich genauso, also ab geht die Post :-)))

Guten morgen und frohes Schaffen an alle

[Kephas]

Guten Morgen zusammen,
wollte euch mal fragen,was ihr denkt inwieweit der Kurs heute davon profitieren wird bzw. auf welches Tageshoch ihr tippt??

Gruss
kephas

[olliho]

Dann wagen wir mal einen Blick in die Kugel.

Heute ca. 35$

Ende des Monat 40$ (dann wäre mein call im Geld :-))))

Es könnte evtl. natürlich auch anders kommen

[KingsX]

es kommt auch anders,

zum Monatsende könnten wir in den Bereich von 25US$ fallen.

gruß

KingsX

[olliho]

somit wären wir wieder bei der alten Weisheit.

Hätte der Hund nicht geschissen, .....

also lasst uns das beste hoffen :-)))

z.Zt. fängt sich der Kurs nach anfänglichen Verlusten

[DonaldD456]

da nehmen ein paar schmutzfinken gewinne mit nachdem aol gestern 6% gestiegen ist....

[Mielke50]

Schmale Gewinne! Denn langfristig gesehen war AOL keine Aktie die Freude macht. Mal 5€ hoch, mal 7€ runter! Und für die Zukunft? ich glaube, daß gleiche Spiel!