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Meeting, AES and CHKP reports
Remember, this Sunday: Lets buy some biotechs (come prepared), and we'll
have the opportunity to pick a new President (and other officers) before the
country does! (who knew?) --See you then. -G
Shares Held: 166
Date Purchased: 23-Dec-98 (average unweighted-by-date)
HPD paid: $24.53 (average)
Currently Trading: $ 55.88 @ 10am est, 15-Nov-00
Percentage Gain: 127.78%
Annualized Return: 54.28% (using average purchase date)
Strong Buy 5
In the news:
New Energy joined other energy companies to form "the Alliance for Retail
Markets" (ARM), industry coalition to advance and support efforts to
deregulate the energy market in Texas.
AES announced an offer to acquire 80% of Chilean electric company Gener
S.A.. AES would buy American Depositary Shares (ADSs) in exchange for AES
common stock having a value of US$16 per ADS and that it had commenced in
Chile an offer to acquire 3,466,600,000 Gener shares at the Chilean Peso
equivalent of US$0.235294118 per share in cash.
AES's $2.75 Term Convertible Securities, Series B have been called for
redemption on Dec. 15, 2000.
Employees at Brazil's state power distributor Cemig (co-owned by AES) went
on an indefinite strike Wednesday demanding wage hikes, but the firm rushed
to assure consumers there would be no power supply disruptions.
Oman has named AES as the preferred bidder to build a 175 million rial ($455
million) Barka private
Good article in the WSJ on AES:
Shares Held: 34
Date Purchased: 25-Apr-00
HPD paid: $99.06 (average)
Currently Trading: $ 134.75 @ 10am est, 15-Nov-00
Percentage Gain: 36.03%
Annualized Return: 119.32% -not so relevant because of the short time held.
Strong Buy 11
In the news:
(New violence in the Middle East has some investors concerned. Others are
not worried: CHKP could pick up and move from Tel Aviv if it had to, and has
contingency plans in the event of some great crisis. They do not expect to
have to use those plans.)
Rainfinity introduced the first in a family of software modules for its
RainFront multifunction platform: RainWall 2.0 for firewall high
availability, and RainSLB 2.0 for server load balancing. These products
boost the availability, reliability and performance of Check Point VPN-1 and
FireWall-1 products, keeping
them up and running around the clock.
Telenisus Corporation, in partnership with Check Point Software, announced a
managed virtual private network (VPN) service to enable secure high-speed
Internet access to small offices and broadband users across the country.
Managed Small Office VPN will be available at the end of the year.
Check Point Software Technologies was downgraded by Bank Hapoalim analyst
Racheli Gershon from buy to hold. She set her 12-month target to $196.
Check Point announced Check Point SiteManager-1SmallOffice, integrating
low-cost appliances running the Check Point VPN-1/FireWall-1 SmallOffice
solution with Check Point's extensive service provider management solution.
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