Mutate

Analyst: Utilities ‘Desperation’ Creates Value

The “desperation” by utilities to consolidate, mutate or get outof the business altogether is a good thing, said utilities analystDaniel Ford of ABN AMRO, because this fear is where most of thestock values are now being created. Ford, a keynote speaker at lastweek’s PowerMart 2000 in Houston, called investors a “ficklebunch,” but added they are sticking with utility stocks.

October 23, 2000

Analyst: Utilities’ ‘Desperation’ Creates Value

The “desperation” by utilities to consolidate, mutate or get outof the business altogether is a good thing, said utilities analystDaniel Ford of ABN AMRO, because this fear is where most of thestock values are now being created. Ford, a keynote speaker atPowerMart 2000 in Houston, called investors a “fickle bunch,” butadded they are sticking with utility stocks.

October 19, 2000