Marketplace

Cable World, Sept 11, 2000

IPO Watch

IPO of the Week

After postponing an IPO scheduled earlier this summer, Urban Cool Network has revamped its profile to become more investor-friendly.

The Dallas-based company targets lower-income, urban residents with the deployment of high-speed Internet access kiosks in public places. The kiosks will bring in revenues from Internet access fees, special services such as movie ticket purchases, advertising, content sponsors and integration fees. UCN's technology partners include Darwin Network, Vignette, Akamai and Ask Jeeves.

Urban Cool's new IPO will offer 1.3M shares (a total 37% stake in the company) in a price range of $8 to $10 per share. Its original IPO consisted of 2M shares, priced $9 to $11.

The company has also pared down its expectations of net proceeds from the offering. Whereas the original version anticipated $17M, the revamped plan calls for $9M.

Dow Jones vs. Kagan Cable MSO Average

[GRAPH OMITTED]

Economic Database         9/6/99   8/30/00   9/6/00

Prime rate                 8.25     9.50      9.50
Federal funds              5.44     6.50      6.50
Treasury bills (3 mos.)    4.69     6.14      6.03

                           Year     Week
Economic Database         % Chg.   % Chg.

Prime rate                 15.15     0.00
Federal funds              19.49     0.00
Treasury bills (3 mos.)    28.57    -1.79

SOURCE: Paul Kagan Associates Inc.

For Richer ...

                                          9/6/00        Total
                                          Change        Value
CEO                 Company                (000)        (000)

Jeffrey Bezos       Amazon.com           $21,994   $5,381,138
Michael D. Eisner   Walt Disney          $16,775     $488,006
John F. Welch       General Electric      $3,005     $149,305
John W. Madigan     Tribune                 $383      $55,481
Charles G. Betty    Earthlink               $352       $8,890
Jeffrey A. Miller   Documentum              $350       $7,663
Donald E. Graham    Washington Post         $291     $147,844
Joseph P. Nacchio   Qwest                   $282      $33,214
J. Stewart Bryan    Media General           $195      $18,853
James F. McDonald   Scientific-Atlanta      $163      $23,631

Or For Poorer

CEO                   Company

Lawrence J. Ellison   Oracle
Michael S. Dell       Dell Computers
Scott G. McNealy      Sun Microsystems
Steven A. Ballmer     Microsoft
Bernard J. Ebbers     WorldCom
Kevin O'Connor        DoubleClick
Robert Glaser         RealNetworks
James Q. Crowe        Level 3 Communications
David S. Wetherell    CMGI
Peter J. Kight        Checkfree Holdings

                           9/6/00         Total
                           Change         Value
CEO                         (000)         (000)

Lawrence J. Ellison   -$1,200,930   $59,135,493
Michael S. Dell         -$445,728   $11,737,494
Scott G. McNealy        -$205,333    $3,247,361
Steven A. Ballmer       -$164,743   $16,639,089
Bernard J. Ebbers        -$29,272      $409,801
Kevin O'Connor           -$26,025      $299,783
Robert Glaser            -$25,705    $2,647,576
James Q. Crowe           -$23,341      $775,153
David S. Wetherell       -$23,311      $725,569
Peter J. Kight           -$16,583      $258,957

SOURCE: CNET Investor (www.cnetinvestor.com)

Market Comment

Techs goose NASDAQ -- Rumors swirling around a possible AT&T Wireless, Nextel Communications merger helped push the NASDAQ composite index to a 1.6 percent advance Sept. 7.

Intel's rebound from a three-day slump didn't hurt either. Intel and Nextel led advances with 2 percent and 6 percent jumps, respectively. Also ahead were Sun Microsystems, up 4 percent; Cisco Systems, up 3 percent; and Microsoft, up 2.8 percent.

The grass wasn't greener for other tech stocks, however. Yahoo took a nearly 2 percent hit, while MP3.com tumbled nearly 16 percent following a judge's ruling that the company violated copyrights on CDs sold by Universal Music Group.