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CNN Live At Daybreak

Portable Digits

Aired June 09, 2003 - 06:44   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz right now. Cell phone users take their phones almost everywhere, and they soon may be able to take their cell phone number with them as well.
For more on that, live to New York and Susan Lisovicz.

What?

SUSAN LISOVICZ, CNN FINANCIAL NEWS CORRESPONDENT: Well, you know we told you about the portable mortgages, so now we're going to tell you about the portable cell phone numbers. A federal appeals court ruled that cell phone users can keep their old number when switching to a new company. Ruling scheduled to go into effect in November.

This is seen as a blow to the wireless industry, which claims that the necessary software upgrade will cost it about just hundreds of millions of dollars to upgrade it, but also just in marketing expenses to try to keep those cell phone -- cell phone users from defecting. But needless to say, Carol, consumer advocates love the decision because they say now that cell phone users can shop around, really, on price and service rather than staying with one designated carrier just because they don't want to switch numbers.

COSTELLO: I like that -- Susan.

LISOVICZ: Yes, I thought you would.

COSTELLO: I like that a lot, yes.

LISOVICZ: I thought you would.

COSTELLO: A quick look at the futures before you have to go.

LISOVICZ: Futures slightly higher. Stocks ended mixed on Friday but logged gains for the week. The Dow closed above 9,000 for the third straight day, rising 2.5 percent for the week. The Nasdaq ended the day down but added 2 percent on the week. Since hitting their lows for the year in March, the three major indices, which includes the S&P 500, has each rallied at least 20 percent, which is one definition of a bull market.

As far as stocks to watch today, General Electric, a Dow component. Late Friday, NBC, which is owned by GE, won the rights to broadcast the Olympic Games in 2010 and 2012 for $2.2 billion. And one of those games could be held in New York City. New York City is one of the contenders for the Summer Games. COSTELLO: Yes, we'll keep our eye on that. Thank you. Susan Lisovicz live from New York this morning.

LISOVICZ: My pleasure.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com






Aired June 9, 2003 - 06:44   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz right now. Cell phone users take their phones almost everywhere, and they soon may be able to take their cell phone number with them as well.
For more on that, live to New York and Susan Lisovicz.

What?

SUSAN LISOVICZ, CNN FINANCIAL NEWS CORRESPONDENT: Well, you know we told you about the portable mortgages, so now we're going to tell you about the portable cell phone numbers. A federal appeals court ruled that cell phone users can keep their old number when switching to a new company. Ruling scheduled to go into effect in November.

This is seen as a blow to the wireless industry, which claims that the necessary software upgrade will cost it about just hundreds of millions of dollars to upgrade it, but also just in marketing expenses to try to keep those cell phone -- cell phone users from defecting. But needless to say, Carol, consumer advocates love the decision because they say now that cell phone users can shop around, really, on price and service rather than staying with one designated carrier just because they don't want to switch numbers.

COSTELLO: I like that -- Susan.

LISOVICZ: Yes, I thought you would.

COSTELLO: I like that a lot, yes.

LISOVICZ: I thought you would.

COSTELLO: A quick look at the futures before you have to go.

LISOVICZ: Futures slightly higher. Stocks ended mixed on Friday but logged gains for the week. The Dow closed above 9,000 for the third straight day, rising 2.5 percent for the week. The Nasdaq ended the day down but added 2 percent on the week. Since hitting their lows for the year in March, the three major indices, which includes the S&P 500, has each rallied at least 20 percent, which is one definition of a bull market.

As far as stocks to watch today, General Electric, a Dow component. Late Friday, NBC, which is owned by GE, won the rights to broadcast the Olympic Games in 2010 and 2012 for $2.2 billion. And one of those games could be held in New York City. New York City is one of the contenders for the Summer Games. COSTELLO: Yes, we'll keep our eye on that. Thank you. Susan Lisovicz live from New York this morning.

LISOVICZ: My pleasure.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com