Bob Brinker Data

[Davidk555]

The question was posed to me whether Bob Brinker ever mentioned purchasing shares of AT&T's wireless tracking stock (Ticker: AWE) on Moneytalk. Indeed he did as shown below from in excerpts from my newsletter relative to AWE:

David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials and Special Alert E-mail Service.

From my April 29, 2001 Newsletter:

Caller: What do you think of the initial public offering market in the next few months. Bob thinks the IPO market is in "shambles" right now as a result of the tech stock debacle. Bob though that the one triumph was the AT&T wireless IPO. Elizabeth wanted to know specifically if a biotech IPO would be worthwhile. Bob thought it might be worth looking at, but overall that sector has done very poorly lately.

EC: AT&T's wireless tracking stock (NYSE: AWE) priced at $29.50 at its initial public offering which brought in $10.62 billion in proceeds from the 360 million share deal ranking it as the largest U.S. IPO ever. The stock opened at $30.13 per share, so you could have purchased it on the open market for only .63 cents more than the IPO price. It closed Friday at $31 15/16. After the offering, AT&T retains about 82.5 percent of equity interest in AWE and plans to use about $7 billion in proceeds from the IPO, plus an additional $5 billion credit line, to acquire, upgrade, and expand its network, Until recently, AT&T was the largest wireless carrier, but now that Bell Atlantic, and Vodafone Airtouch have merged, AT&T will no longer be the biggest wireless company in town. See article for more:

http://www.redherring.com/ipo/2000/0428/ipo-attws042800.html?id=yahoo

From my May 6, 2000 Newsletter

Brinker Comment/EC: On Sunday's show, Bob told his listening audience that he purchased shares of the AT&T wireless spin off (Ticker: AWE) at the initial public offering price. For those of you who like to purchase stocks that Bob owns, Bob paid $29.50 at its initial public offering. It closed Friday at $30 1/2 so you can pick it up for only $1 more per share than Bob paid.

July 27, 2003 EC UPDATE: Bob Brinker has not mentioned AWE in a very very long time and I have no record of him ever saying he sold it. One could presume he still owns it, and it went the way of TEFQX in that it was simply "removed" from discussion. Shares closed Friday at $8.59 and have suffered dearly since their IPO which nearly coincided with the end of the bull market in the first quarter of 2000:

http://finance.yahoo.com/q?s=AWE&d=c&k=c1&a=v&p=s&t=5y&l=on&z=m&q=l

- David Korn,

Editor of David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials and Special Alert E-mail Service.

Website: http://www.BeginInvesting.com/