THE WIRED INDEX
Globalstar Telecommunications lost a dozen satellites and nearly half of its market value when a rocket launch failed in September. Investors cautiously returned after the company said the 48-satellite system would be delayed, not derailed.
In other Index news: MCI WorldCom won final approval for its $40 billion merger, as did Daimler-Benz and Chrysler ... Qwest Communications plunked down $185 million in stock for Icon CMT, allowing the fiber-optic carrier to offer Internet services for businesses ... Yahoo!'s value advanced after inking a deal with AT&T for a cobranded online service ... Dell Computer also climbed into the sack with AT&T (along with Excite and SBC Communications) for its own all-in-one package. Synergy lives.
The Wired Index tracks 40 public companies selected by editors of Wired to serve as a bellwether for the new economy. For a complete description and the latest results, see stocks.wired.com/. The Wired Index is not a traded fund or portfolio. Some of the companies in the Wired Index may have an advertising relationship with Wired. Readers who use this information for investment-related decisions do so at their own risk.
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