Communications Today Stockwire

Communications Today, July 9, 2002

07/08/02 5:00 p.m.

The Dow Jones U.S. Telecommunications Index finished down on Monday, closing at 114.99, a 3.24 percent increase since Friday.

Stocks finished in the red Monday, beaten down by a weakening dollar, accounting concerns and lukewarm earnings results.

In the telecom sector, BTGroup plc [BTY] rose $1.92 to close at $39.62 while BellSouth Corp. [BLS] increased $1.42 to close at $32.

On the wireless side, Nokia [NOK] dropped 4.23 percent to finish at $14.50 while Motorola [MOT] declined 3.17 percent to finish at $14.67.

In the satellite sector, EchoStar Communications [DISH] dropped 79 cents to close at $17.37 while PanAmSat Corp. [SPOT] decreased 86 cents to close $22.16.

The Dow Jones Industrial Average finished down 104.60 points, or 1.12 percent, to 9,274.90. The Nasdaq decreased 42.75 points, or 2.95 percent, to finish at 1,405.61.

Today's Telecom Winners
1.  BT Group plc            37.7   39.62  1.92
2.  Level 3 Comm, Inc.      2.89   4.36   1.47
3.  BellSouth Corp.         30.58  32     1.42
4.  CenturyTel, Inc.        27.96  29.36  1.4
5.  ALLTEL Corp.            45.43  46.76  1.33
Today's Telecom Losers
1.  Microsoft Corp.         54.85  52.92  -1.93
2.  QUALCOMM Inc.           28.54  27.16  -1.38
3.  PanAmSat Corp.          23.02  22.16  -0.86
4.  EchoStar Comm Corp.     18.16  17.37  -0.79
5.  Orbital Sciences Corp.  7.4    6.66   -0.74