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Deutsche Telekom (DT) - Get Dynatrace, Inc. Report is in talks to acquire long distance provider Qwest Communications (Q) , USA Today reported, citing people close to the companies.

The newspaper said Deutsche Telekom has held talks with several local and long-distance telecommunications companies but has now set its sights on Qwest, which is expected to complete a $36 billion merger with

U S West


later this year. The newspaper pointed out that breaking up the Qwest-U.S. West deal by bidding solely for Qwest would be difficult considering that shareholders of Qwest and U. S. West have approved their merger. However, Deutsche Telekom could easily afford to buy both firms, but it would likely have to wait until after Qwest and U.S. West's merger is finalized. Deutsche Telekom rose 4, or 4.7%, to 88 5/16 and Qwest rose 5 5/16, or 11.5%, to 51 9/16.

Separately, U.S. West said it is in a deal with


(INTC) - Get Intel Corporation Report

to offer Intel high-speed home networking. U.S. West rose 3 3/8 to 76, while Intel was up 2 1/16 to 115 1/16.

Mergers, acquisitions and joint ventures




Hicks Muse Tate & Furst


Pacific Century CyberWorks

are forming a new venture capital partnership,

TheStreet Recommends

@Ventures Global Partners

. Each entity in the venture capital partnership will invest up to $500 million, to aid the development of Internet companies based in Asia, Europe and the Americas. CMGI shed 1 11/16 to 127 7/8.


(EBAY) - Get eBay Inc. Report


Wells Fargo

(WFC) - Get Wells Fargo & Company Report

announced a plan to let online sellers take credit card payments when selling over the Internet. Wells Fargo will take a 35% stake in the effort, which will be called Billpoint. eBay rose 7 1/8, or 5%, to 150 1/2; Wells Fargo was up 3/4 to 33 13/16.

Mirage Resorts



MGM Grand's


$3.4 billion takeover offer as inadequate but said it was willing to discuss a transaction recognizing the company's real value. Mirage said it adopted a shareholder purchase rights plan to assure that its board was in a position to best represent the interests of all its stockholders. Mirage gained 3/16 to 15 15/16, while MGM wasn't so grand, losing 1 point to 18 7/8.


(SAP) - Get SAP SE Report

is attempting to form an e-commerce joint venture with



in hopes of getting a stake in a big online marketplace for the automotive industry,

The Wall Street Journal


Last week, Daimler said it was teaming up with


(F) - Get Ford Motor Company Report


General Motors

(GM) - Get General Motors Company Report

for an online automotive-parts exchange. Daimler is the only one of the Big Three automakers that hasn't named a technology partner for the venture yet, the story says. SAP rose 5/16 to 71 5/8; DaimlerChrysler fell 1 3/4 to 66; Ford was up 7/16 to 42 1/16, while GM was lousy, down 1 1/8 to 74 15/16.

SBC Communications





are in talks to merge their U.S. cellular-phone businesses to create a nearly national wireless provider,

The Wall Street Journal


Goldman Sachs

upgraded BellSouth to trading buy from market outperform. SBC was up 8.7%, or 3 5/16, to 41 1/16, while BellSouth gained 1 1/2 to 42 1/16.

Sirius Satellite

(SIRI) - Get Sirius XM Holdings, Inc. Report

said it is in a marketing and technology alliance with

ATX Tech

. Sirius could dig it, up 6 to 67, a 9.6% gain.

Earnings/revenue reports and previews


Earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified.



(EXPE) - Get Expedia Group, Inc. Report

said it will take a onetime reserve of $4 million to $6 million in the current quarter, which is related to fraudulent transactions on The stock was up 1/4 to 20 1/4.

Fleetwood Enterprises


posted third-quarter earnings of 48 cents a share, a penny shy of the five-analyst estimate and down from the year-ago 59 cents. The stock was off 3/8 to 15 1/6.

Offerings and stock actions



said its board approved a 2-for-1 stock split. The market approved, boosting the stock 4 3/16 to 100 1/4.

Art Technology


approved a 2-for-1 stock split. The stock rose 10, or 6.9%, to 154 1/2.

Lucent Technologies


plans to spin off its




structured cabling and LAN-based data businesses to shareholders, forming a separate company focusing on the enterprise networking market.

Lucent said the new company will start out with an $8 billion business and a customer list that includes more than 90% of Fortune 500 companies. Lucent's board, which has approved the spinoff, is expected to be done via a tax-free distribution of shares to Lucent's shareholders. Lucent anticipates the spinoff to be completed by the close of its fourth fiscal quarter of 2000, which ends Sept. 30.

Donald Peterson, currently Lucent's executive vice president and CFO, will become president and CEO of the new company. Henry Schacht, former Lucent chairman and a current member of the company's board, will become chairman of the new company. The new company will be named at a later date, Lucent said. The stock was up 21.6%, or 13, to 72 1/2.

Goldman Sachs

priced a 5 million-share IPO for



at $25 a share, above the expected $20-$22 range. The stock was up 44 1/4, or 177%, to 69 1/4.



approved a 3-for-1 stock split. The stock was up 1 point to 89.

Credit Suisse First Boston

priced an 8 million-share IPO for


at $21 a share, the top of the estimated range. is an e-marketplace for small companies to buy and sell goods and services. The newbie was up 31 15/16, or 152%, to 52 15/16.

Network Peripherals


said its 2.5 million-share offering was priced at $60.875 a share. The stock rose 2 1/16 to 63 7/8.



set a 2-for-1 stock split. The stock rose 5 3/4 to 47 3/4, a 13.7% increase.

Webb Interactive Services


said its board approved a 2-for-1 stock split. Webb Interactive rose 1 to 60 5/8.

Analyst actions





price target to 87 from 101. The stock rose 2.7% to 62 7/16.

J.P. Morgan

initiated coverage of

AMB Property


with a buy rating. AMB lost 1/16 to 20 1/8.

Goldman Sachs


Bell Atlantic


to trading buy from market performer. The stock rose 4 1/16 to 53, an 8% gain.

J.P. Morgan initiated coverage of

CenterPoint Properties Trust


with a market perform rating. That stock was down, losing 3/8 to 35 15/16.

Deutsche Banc Alex. Brown



(CHIR) - Get Global X MSCI China Real Estate ETF Report

at a buy and set a price target of 74. The stock took off, rising 9 1/2, or 19%, to 59 1/2.

Alex. Brown raised


(KO) - Get Coca-Cola Company Report

to strong buy from market perform. Coca-Cola gained 2 7/16 to 51 1/16, or 5%.

US Bancorp Piper Jaffrey

started coverage of


(CNMD) - Get CONMED Corporation Report

as a buy with a price target of 35.

Alex. Brown started



as a buy and set a target of 45. The stock lost 1/4 to 36 7/16.

Lehman upgraded

First Union


to outperform from hold. First Union rose 3/16 to 29 11/16.

J.P. Morgan initiated coverage of

First Industrial Realty Trust

(FR) - Get First Industrial Realty Trust, Inc. Report

with a long-term buy rating. The stock was unchanged at 26.

CSFB initiated coverage of



with a strong buy rating. The stock rose 24 5/8 to 217 1/2, or 12.8%.

Goldman Sachs started coverage of


(H) - Get Hyatt Hotels Corporation Class A Report




as market performers. Harcourt rose 1/4 to 34 11/16, while McGraw-Hill lost 3/4 to 50 1/8.

Goldman Sachs upgraded


(GTE) - Get Gran Tierra Energy Inc. Report

to trading buy from market performer. The stock rose 4 1/16 to 63 1/16, or 6.9%.

Alex. Brown started

J.C. Penney

(JCP) - Get J. C. Penney Company, Inc. Report



(JWN) - Get Nordstrom, Inc. Report

at market perform. J.C. Penny lost 1/8 to 15 5/8 and Nordstrom lost 1/16 to 21 1/4.

CSFB reinitiated coverage of

Liberate Technologies

(LBRT) - Get Liberty Oilfield Services Inc. Class A Report

with a buy rating. Shares were up 3 11/16 to 105 9/16.

DB Alex. Brown initiated coverage of

May Department Stores


with a buy rating and set a price target of 35 on the stock. May was higher by 1/16 to 26 1/4.

Lehman named

Noble Affiliates

(NBL) - Get Noble Energy, Inc. Report


Union Pacific Resources


as buys. Noble gained 3/8 to 22 7/8, and Union Pacific rose 3/8 to 9 5/16.

PaineWebber raised

Pacific Sunwear's


2000 earnings estimates to $1.40 from $1.32. The stock fell 15/16 to 24 1/2.

Alex. Brown started coverage of


(S) - Get SentinelOne, Inc. Class A Report

as a market perform. Sears was flat at 27 9/16.

Warburg Dillon Read started coverage of



as a buy and set a price target of 160. The stock gained 9 1/2 to 134 1/2, or 7.6%.

Alex. Brown raised



to strong buy from buy. The stock gained 1 3/8 to 15.

CSFB initiated coverage of



with a buy rating. Spartech gained 15/16 to 26 7/16.

Merrill Lynch named


(VIA) - Get Via Renewables, Inc. Class A Report

a focus one stock and said its 12-month price target is 75. Viacom rose 11/16 to 56 1/16.


Dutch insurer


(AEG) - Get AEGON NV Report

said it would divest the noncore, noninsurance activities of its U.S.


unit. The stock shed 5/16 to 69 5/16.


(FDX) - Get FedEx Corporation Report

said it would add a 1% fuel surcharge effective April 1. FedEx was flat at 34 15/16.

MCI WorldCom


and Britain's

Cable & Wireless


have settled their dispute stemming from Cable & Wireless' acquisition of former

MCI Communication's

Internet business at the time of the MCI and WorldCom merger in 1998.

MCI WorldCom will pay Cable & Wireless $200 million, and Cable & Wireless has agreed to withdraw all litigation and regulatory complaints related to the transaction. MCI WorldCom said the settlement won't impact its earnings. MCI Worldcom was higher, up 1 1/4 to 45 7/8, while Cable & Wireless rose 2 3/16 to 88 11/16.

SmithKline Beecham

(SBH) - Get Sally Beauty Holdings, Inc. Report

has obtained a new U.S. patent on its antibiotic



Glaxo Wellcome


and SmithKline announced in January they plan to merge. SmithKline Beecham rose 2 points to 57 13/16; Glaxo Wellcome was up 2 5/16 to 50 5/16.


(BID) - Get Sotheby's Report


Christie's International

are in talks with plaintiffs' lawyers that could result in the quick settlement of dozens of civil antitrust lawsuits. In addition, Sotheby's announced a new pricing structure, revising its rates to make them nearly identical to Christie's, which changed rates three weeks ago. Sotheby's was up 2 11/16, a 13.7% gain, to 22 3/8.

As part of its cost-cutting plan,


(WY) - Get Weyerhaeuser Company Report

said it is closing four packaging plants. The stock rose 1/2 to 51 13/16.