MASTERING
THE TRADE
ORIGINAL, INTERACTIVE SEMINAR ON TRADING USING
TECHNICAL ANALYSIS 

 SEC FILINGS

DOUBLECLICK INC (DCLK, 11)- The Internet advertising network beat estimates by two cents as it reported breakeven fourth quarter earnings, compared to last year's loss of 11 cents.  Revenues in the quarter rose 41%, but fell 2.1% sequentially, to $132.3 million.  The company warned that it sees a wider than expected first quarter loss of ($0.07)-($0.09).  Analysts were looking for a first quarter loss of five cents.  First quarter revenues are expected to fall to $110-$115 million, but the company sees full year 2001 revenue growth of 6%-12%.  The company sees full year earnings of $0.07-$0.09, compared to analysts estimates of 15 cents.  The shares are up 2.43 in pre-open trading on the news.

LAZARE KAPLAN INTERNATIONAL (LKI, 6)- The diamond seller reported a second quarter profit of nine cents per share, compared to last year's loss of 10 cents.  Revenues in the quarter fell to $78.3 million from last year's $111.9 million, but gross margins improved to 11.4% from last year's 8.1%.

LOOKSMART LTD (LOOK, 3.09)- The Internet portal warned that fourth quarter earnings will fall short of expectations.  The company now sees revenues of $30-$31 million and expects to report a loss of ($0.14)-($0.15) per share.  Analysts were looking for the company to report a loss of 12 cents and revenues of $33-$36 million.  The company attributed the shortfall to lower untargeted advertising revenues. The company said it will cut 31% of its workforce, or 172 employees.  The company expects the cost cutting moves to lower its annual expenses by $44 million.

MIPS TECHNOLOGIES (MIPS, 27.50)- The chipmaker missed estimates by a penny as its second quarter revenues fell to 14 cents per share from last year's 17 cents.  Revenues in the quarter slipped to $21.2 million from last year's $21.5 million.  The shares fell 1.50 in after hours trading on the news.

PRINTRONIX INC (PTNX, 7)- The printer maker said its third quarter earnings fell to three cents per share, excluding charges, from last year's 51 cents.  Revenues in the quarter declined 21.9% to $40.4 million, and gross margins fell to 26.5% from last year's 33%.

RAMBUS INC (RMBS, 48.89)- The memory chip developer missed estimates by a penny as its fiscal first quarter earnings jumped 300% to 12 cents per share.  Revenues in the quarter rose 191%, and 29% sequentially, to $34.7 million.  The company said lower SDRAM pricing could slow its second quarter revenue growth.  The shares are down 5.47 in after hours trading on the news.

SENSORMATIC ELECTRONICS (SRM, 20)- The maker of electronic security systems warned that second quarter results will fall short of expectations.  The company now sees revenues of $281 million and earnings of $0.20-$0.21 per share.  Analysts were looking for the company to earn 25 cents.  The company attributed the shortfall to slowness in video product and label sales, and to fluctuations in foreign exchange rates.

SHOWCASE CORP (SHWC, 6.97)- The maker of web content management software revised its first and second quarter earnings to reflect an accounting adjustment related to license fees.  The first quarter loss was revised upwards to a loss of 10 cents per share from the previous six cents, and second quarter earnings were revised to four cents from the previously reported three cents.

APPLIED SCIENCE AND TECHNOLOGY (ASTX, 14.25)- The maker of industrial gas processing products warned that fourth quarter earnings will fall short of expectations due to higher manufacturing costs.  The company now sees earnings of $0.18-$0.20 per share, compared to analysts expectations of 30 cents.

BOOKS-A-MILLION (BAMM, 2.06)- The book retailer warned that fourth quarter earnings will fall short of expectations.  The company now sees earnings of $0.27-$0.30 per share, compared to analysts expectations of 38 cents.  The company attributed the shortfall to lower sales of Pokeman products.  The company said 9-week holiday sales fell 3.5% to $102.3 million, and same store sales slid 9.1%.

COACH INC (COH, 23)- The maker of leather handbags and accessories said it expects to beat the consensus analyst estimate of 79 cents per share for its second quarter.  The company now expects to report earnings of at least 85 cents.  The company said second quarter revenues rose 10% to $214.2 million, and same store sales increased 2.5%.

JACO ELECTRONICS (JACO, 8.50)- The electronics distributor missed estimates by three cents as its second quarter earnings jumped to 65 cents per share from last year's 16 cents.  Revenues in the quarter increased 122% to $100.2 million.

MARTIN MARIETTA MATERIALS (MLM, 42.38)- The maker of construction aggregates warned that fourth quarter earnings will fall short of expectations.  The company now sees earnings of $0.41-$0.44 per share.  Analysts were looking for the company to earn 67 cents. The company attributed the shortfall to higher energy costs, and "severe winter weather".

NAUTICA ENTERPRISES (NAUT, 17.57)- The apparel maker missed estimates by a penny as its third quarter earnings rose 4.2% to 50 cents per share.  Revenues in the quarter increased 5% to $178.5 million.

UNITED PARCEL SERVICE (UPS, 61)- The package delivery company has agreed to acquire freight forwarder Fritz Companies Inc (FRTZ, 7) for $450 in an all-stock deal.  Under the terms of the deal FRTZ shareholders will receive 0.2 shares of UPS for each share held, valuing FRTZ at $12.20 per share, a 74% premium to yesterday's closing price.  UPS
  FRTZ

ZAPWORLD.COM (ZAPP, 3)- The maker of electric scooters said December sales rose 87% to $1.26 million.

GALAXY NUTRITIONAL FOODS (GXY, 3.88)- The maker of dairy products warned that third quarter earnings will fall short of expectations due to equipment problems and bad weather.  The company now sees revenues of $11.2-$11.5 million and earnings of $0.03-$0.04 per share, compared to analysts' estimates of five cents.

GALEY & LORD INC (GNL, 2.50)- The maker of textiles said its CFO will resign to "pursue other opportunities".

GRUPO IUSACELL SA (CEL, 11.50)- The Mexican wireless operator said a group of its shareholders have agreed to sell their 34.5% stake in the company to Vodafone  Plc for $973.4 million.

IOMEGA CORP (IOM, 4.05)- The maker of removable storage drives warned that fourth quarter results will fall short of expectations due to lower sales of its Zip drive related products.  The company now sees revenues falling to $325-$330 million from last year's $434 million, and expects to report earnings of $0.07-$0.09 per share.  Analysts were looking for the company to earn 10 cents.  The shares fell 0.60 to 3.45 in after hours trading on the news.

KRISPY KREME DOUGHNUTS (KREM, 76.43)- The donut shop operator announced a secondary offering of 2 million shares, with 1.85 million of the shares being sold by existing shareholders.  The shares fell 4.55 in after hours trading on the news.

NEW ERA OF NETWORKS (NEON, 5.50)- The maker of e-business software warned that fourth quarter results will fall short of expectations due to customer delays in closing sales of its software.  The company now sees revenues of $40 million, and expects to report a loss of 35 cents.  Analysts were looking for a profit of 11 cents.  The shares tumbled 1.55 to 3.95 in after hours trading on the news.