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01/12/2010

Update On SuperMedia

In last week�s Tuesday Report (1/5/2010) we reported on SuperMedia�s emergence from a prearranged Chapter 11 bankruptcy reorganization, noting how they�re operating a barter exchange network called SuperTradeExchange.

This past week was noteworthy for the Texas-based company (they have reduced their debt from more than $9 billion to $2.75 billion of secured bank debt) in that they began trading under the new name on Wednesday. SuperMedia (Nasdaq:SPMD) gained $6 or 17%, hitting $41 per share on their first day of trading.



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