This is down 72 cents (-2.63%) when yield chg is unch. Is this because of Futures rolls or treasury auction today?
The old shorts may be clearing out of the way for the merger arbitrage guys. Lots of volume after Apr 5 - well in excess of the ADV before Apr 5.
Do you think the old shorts were the short side of long/short plays? e.g. Long CHK/short SD
Also, where do you get your updated short interest figures?
There is definitely an increase in the short interest when the merger arbitrage (MA) guys got involved. They will buy ARD and short SD. Just look at the daily volume spikes in each of the stocks after Apr 5. They will continue to build the position while the deal spread looks good. A good side effect of this for the guys who are long SD is that if the deal breaks, SD will pop up as the MA guys get out of the position.
Does anyone think MPS is a competitor?
Also, does anyone think ANSR will actually
benefit from the fall of Andersen? They did
have some infrastructure and other IT consulting groups. (and I'm not talking
about Accenture )
They have almost the same revenues yet it posts
a way bigger loss. It would appear that ANSR's
clients are more immune to current environment:
ANSR rev breakdown
25% 15M - WM
25% 15M - #2 - #5 clients? (Excelon?, McGraw Hill?, Alcoa?, Mattel?)
11% 6.6M - #6 - #10 clients (HR Block?, ACNielson?, ?, ?, ?)
39% 23.4M - rest of clients - a big ?
Anyone care to fill this in. I think CSCO is in there
SAPE does have a lot of cash though.
The 1600 professionals is heading down to 1150.
I guess since the Technology Integration Group has let go so many web guys, no one has had time to update the website.
Anyone have any idea as to the size of these
"grow our relationship with BellSouth" --TF
How much revenue is already in ANSR's current revenues? Maybe an additional 2M?
From orbiscom website:
Monday, 24th September 2001
To support the continuing global rollout of its secure online payment technology, Orbiscom announced today that it has secured $17.5 million in private financing from HgCapital (formerly Mercury Private Equity) a leading provider of capital to the European private equity market. The funding was arranged by Goodbody Corporate Finance. Orbiscom will use the funds to deliver on its growth plans to bring secure and authenticated online payments to consumers worldwide through partnerships with financial institutions and mobile providers, as well as supporting its strong Intellectual Property position
I bet ANSR only got a small piece of that 17.5 M (maybe 1M)
So with this guess, 3M is good in that it is
giving ANSR some more wins, but the impact won't be as dramatic as what some have previously posted. Maybe this will build up the brand a little more or maybe they will
not be able to handle the Bell South project.
I don't know.
Can someone else give "productive" comments on this?