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

 SEC FILINGS

ADAPTIVE BROADBAND CORP (ADAP, 139)- The developer of wireless broadband services met expectations as its second quarter loss narrowed to 15 cents per share from last year's loss of 24 cents.  The company reported revenues of $2.2 million and bookings of $19.7 million in the quarter.  The company said it plans to divest noncore businesses in order to focus on its wireless broadband business.  The company also announced a 2 for 1 stock split.  The shares rose 8 in after hours trading on the news.

INTERTRUST TECHNOLOGIES (ITRU, 173)- The maker of "digital rights management" software beat estimates by a penny as it reported a fourth quarter loss of 25 cents per share.  Revenues in the quarter rose to $692,000 from last year's $77,000.  The company also announced a 2 for 1 stock split.  The shares jumped 25 to 198 in after hours trading on the news.  The company, with $1.5 million in revenues last year, now has a market cap of $7.8 billion.  Separately, the American Stock Exchange announced plans to start trading options on the company's stock next Thursday.

STERLING COMMERCE (SE, 26.75)- The provider of e-business services said it expects to report fiscal first quarter earnings of $0.33-$0.34, excluding charges, compared to analysts' expectations of $0.31.  The company also said it has agreed to sell its XcelleNet unit to investment group Francisco Partners for $50 million.

TARRANT APPAREL GROUP (TAGS, 7.50)- The maker of private label apparel warned that fourth quarter 1999 earnings and revenues will fall short of expectations.  The company now sees revenues of $90 million and earnings of $0.01-$0.05 per share in the quarter.  Analysts were looking for the company to earn 26 cents.  Tarrant also lowered its forecast for full year 2000 earnings to $1.10-$1.20, compared to expectations of  $1.38.  The company attributed the shortfall to higher costs and inventory markdowns.

CALLAWAY GOLF (ELY, 17.06)- The golf club maker met expectations as it reported breakeven fourth quarter results, compared to last year's loss of 93 cents per share.  Revenues rose 1.1% to $115.7 million in the quarter.  The company also warned that first quarter earnings could be as low as 12 cents per share.  Analysts were looking for the company to earn 28 cents in the first quarter.

CONEXANT SYSTEMS (CNXT, 74.31)- The communications chipmaker will join the S&P 500 after Friday's close.  The shares surged 15.69 to 90 in after hours trading on the news.

DELL COMPUTER (DELL, 40.38)- The PC maker warned that fourth quarter earnings will fall short of expectations.  The company now sees earnings of 15 cents per share, excluding a one cent gain, in the quarter.  Analysts were looking for the company to earn 21 cents.  The company attributed the shortfall to component shortages and a Y2K related revenue slowdown.  The company said it expects annual revenue growth to slow to between 30%-34%, and sees margins falling to between 7%-7.5%.  The shares fell 3.88 in after hours trading as investors digested the company's second straight quarterly warning.

HNC SOFTWARE (HNCS, 93.38)- The maker of real-time predictive software beat expectations by seven cents as its fourth quarter loss narrowed to 12 cents per share from last year's loss of 19 cents.  Revenues were essentially flat,  rising 0.8% to $53 million in the quarter.

JDS UNIPHASE (JDSU, 216.75)- The acquisitive fiber optic equipment maker beat estimates by two cents as second quarter earnings rose 125% to 18 cents per share, excluding charges.  Revenues increased 119% from the prior year, and 22% sequentially, to $281.7 million.  The shares rose 4.88 in after hours trading on the news.

JOHN HANCOCK FINANCIAL (JHF,-)- The financial services company priced 102 million shares at $17 a share.  Trading begins on the NYSE on Thursday.

MCLEOD USA (MCLD, 67.75)- The provider of telecom services met expectations as its fourth quarter loss widened to 43 cents per share from last year's loss of 25 cents.  Revenues increased 50.5% to $909 million in the quarter.  The shares rose 2.25 in after hours trading on the news.

MEDIMMUNE INC (MEDI, 166.06)- The biotech company met expectations as fourth quarter earnings increased 149% to 69 cents per share.  Revenues rose 55% to $173.7 million in the quarter, and gross margins improved to 77% from 74%.  The shares fell 4 points in after hours trading on the news.

AMGEN INC (AMGN, 69.38)- The biotech beat estimates by one cent as fourth quarter earnings rose 18% to 26 cents per share.  Revenues rose 20.1% to $926.9 million in the quarter.  The company said it sees earnings rising at a "low double digit" rate during 2000, and sees full year earnings of $1.05-$1.07, compared to analysts' expectations of $1.09.

BMC SOFTWARE (BMCS, 43.68)- The software maker missed lowered expectations by a penny as third quarter earnings fell 9% to 41 cents per share.  Revenues rose 24% to $426.3 million in the quarter.  The shares fell 1.68 in after hours trading on the news.

COMMERCE ONE (CMRC, 199.88)- The provider of b-to-b e-commerce services reported a much wider than expected fourth quarter loss of 40 cents per share.  Analysts were looking for the company to lose 15 cents in the quarter.  Revenues increased 63% sequentially to $16.9 million in the quarter.  The shares fell 14.88 in after hours trading on the news.

COMPAQ COMPUTER (CPQ, 32.25)- The PC maker beat estimates by a penny as fourth quarter earnings tumbled 56% to 16 cents per share (excluding a gain of $0.03).  Revenues fell 4% to $10.5 billion in the quarter.  Despite the year-on-year revenue decline, the company recorded strong sequential revenue growth from the third quarter in both its enterprise and consumer divisions.  The company said first quarter revenues may decline sequentially from the fourth quarter, but it remains confident it can meet current analysts' earnings estimates.  The shares fell 1.25 in after hours trading on the news.

DALLAS SEMICONDUCTOR (DS, 70.06)- The chipmaker announced a 2 for 1 stock split.  The company also said it will raise its quarterly dividend to $0.065 per share from the current rate of $0.05.

EBAY INC (EBAY, 137.50)- The online auction house beat estimates by two cents as fourth quarter earnings rose 33% to $0.04 per share.  Revenues increased 139% to $73.9 million in the quarter.   The company said it expects to face increased competition in the months ahead. The shares rose 9.56 to 146.88 in after hours trading on the news.

ELECTRONIC ARTS (ERTS, 75.94)- The maker of entertainment software beat estimates by five cents as third quarter earnings rose 20% to $1.38 per share.  Revenues rose 15% to $601 million in the quarter.  The shares rose 6.81 in after hours trading on the news.

KIMBERLY CLARK (KMB, 62.25)- The maker of tissues and personal care products beat estimates by three cents as fourth quarter earnings rose 16.2% to 79 cents per share.  Revenues increased 10.2% to $3.4 billion in the quarter.  The company attributed the better than expected results to strong growth in its personal care products.

LSI LOGIC (LSI, 83.43)- The maker of communications semiconductors beat estimates by four cents as fourth quarter earnings increased to 47 cents per share from last year's five cents.  Revenues increased 30% to $585 million in the quarter.  The company also announced a 2 for 1 stock split.  The shares rose 3.50 in after hours trading on the news.

NORTEL NETWORKS (NT, 102.63)- The telecom equipment maker beat estimates by 10 cents as fourth quarter earnings rose 53% to 55 cents per share.  Revenues rose 21% to $6.99 million in the quarter.  The company also announced a 2 for 1 stock split.  The shares rose 2 points in after hours trading on the news.

OPENTV CORP (OPTV, 97.88)- The maker of interactive television software reported a wider than expected fourth quarter loss of 10 cents per share, excluding charges.  Analysts were looking for a loss of six cents.  Revenues increased 150% to $8.4 million in the quarter.

PLANETRX.COM (PLRX, 16.94)- The Internet based drugstore beat estimates by five cents as it reported a fourth quarter loss of 75 cents per share.  Revenues increased 66% sequentially from the third quarter to $5.1 million.  The shares rose 0.42 in after hours trading on the news.

QUALCOMM (QCOM, 149)- The wireless equipment maker beat estimates by a penny as fiscal first quarter earnings rose 212% to 25 cents per share.  Revenues increased 19% to $1.1 billion in the quarter.  The company warned that it may experience a sequential drop in phone chip shipments during the second quarter due to "seasonal factors".  The company said it expects second quarter earnings of at least 25 cents per share.  The shares tumbled 10.50 in after hours trading on the warning.

REALNETWORKS (RNWK, 157.88)- The provider of streaming media products for the Internet beat estimates by two cents as fourth quarter earnings rose to seven cents per share from last year's loss of three cents.  Revenues increased 111% to $43.5 million in the quarter.  The company also announced a 2 for 1 stock split.  Separately, the company said it has agreed to acquire Netzip Inc, a maker of utility software, for $1.7 million shares in a $268 million deal.  The shares rose 14.25 in after hours trading on the news.

ABOUT.COM INC (BOUT, 63.06)- The Internet directory beat estimates by 23 cents as it reported a narrower than expected fourth quarter loss of 57 cents per share, compared to last year's loss of 75 cents.  Revenues increased 65% sequentially from the third quarter to $13 million, and average daily page views rose 55% to 8.2 million.  The shares jumped 8.38 in after hours trading on the news.

BIOGEN INC (BGEN, 85.19)- The biotech will join the S&P 500 after the close on Friday.  The shares soared 11.88 to 97 in after hours trading on the news.

CORNING INC (GLW, 155)- The fiber optics maker beat estimates by 3 cents as fourth quarter earnings rose 28% to 51 cents per share.  Revenues rose 35% to $1.2 billion in the quarter.  The company said it expects fiscal 2000 earnings growth of 20%-25%.

FOUNDRY NETWORKS (FDRY, 143.50)- The networking company beat estimates by five cents as fourth quarter earnings rose 175% to 11 cents per share.  Revenues rose to $55.1 million from last year's $8.8 million.  The shares rose 8.50 in after hours trading on the news.

HARLEY-DAVIDSON (HDI, 71.38)- The motorcycle maker will join the S&P 500 after the close on Friday.

TIBCO SOFTWARE (TIBX, 156.88)- The software maker announced a 3 for 1 stock split.  The shares rose 5.25 in after hours trading on the news.

ARGONAUT GROUP (AGII, 18.38)- The workers compensation insurer said its fourth quarter loss widened to $1.63 per share from last year's loss of 28 cents.  The company attributed the lower results to price competition.

CAVANAUGHS HOSPITALITY CORP (CVH, 7.75)- The hotel operator and entertainment company warned that a Y2K related slowdown in holiday revenues will cause fourth quarter earnings to fall short of expectations.  The company now sees earnings of $0.05-$0.06 in the quarter.  Analysts were looking for 7 cents. 

ECHELON INTERNATIONAL (EIN, 27.50)- The real estate company has agreed to be acquired by investment group EIN Acquisition Corp for $34.00 per share in a $230 million all cash deal.

ELECTRO SCIENTIFIC INDUSTRIES (ESIO, 80.25)- The maker of laser manufacturing systems announced a 2 for 1 stock split.  The shares rose 5.75 to 86 in after hours trading on the news.

FIRSTFED AMERICAN BANCORP (FAB, 11)- The financial services company beat estimates by seven cents as third quarter earnings rose 9% to 35 cents per share.

IMRGLOBAL CORP (IMRS, 10.88)- The provider of Information Technology services warned that it expects to report a fourth quarter loss due to Y2K related contract signing delays.  The company now sees a loss of 12 to 15 cents in the quarter, compared to analysts' expectations of a profit of 12 cents.

LANDRYS SEAFOOD RESTAURANTS (LNY, 8.81)- The seafood restaurant operator said it expects fourth quarter revenues of $97 million and earnings of six cents per share, a penny above expectations.  The company also sees same store sales rising 4.9% in the quarter.

LIBERATE TECHNOLOGIES (LBRT, 106)- The Internet software company has filed for a secondary offering of 8.5 million shares, with 5.61 million shares being sold by existing shareholders.  The shares fell 3.45 in after hours trading on the news.

MACDERMID INC (MRD, 35.88)- The chemicals maker beat estimates by two cents as third quarter earnings rose 21% to 47 cents per share, excluding charges.  Revenues increased 33% to $201.6 million in the quarter.  Gross margins slipped to 47.4% from 47.8% in last year's third quarter.

MP3.COM (MPPP, 29.63)- The Recording Industry Association of America has filed a copyright infringement suit against the music web site.  The shares fell 1.63 in after hours trading on the news.

ONEOK INC (OKE, 27.56)- The natural gas distributor said it has terminated plans to merge with Southwest Gas (SWX, 22.31).

PEDIATRIX MEDICAL GROUP (PDX, 9.25)- A federal court has dismissed a class action lawsuit that alleged the company engaged in improper billing procedures.

SAUER INC (SHS, 10.81)- The maker of mobile hydraulic products has agreed to merge with Danish hydraulics maker Danfoss Fluid Power A/S in a $259 million cash and debt deal.  Sauer will issue 16.2 million shares of stock to acquire Danfoss, and will assume $80 million of Danfoss's debt.  The company expects the deal to be accretive to 2001 earnings.  Sauer will change its name to Sauer-Danfoss following the merger, and expects the new company to have $840 million in annual revenues.

STARWOOD HOTELS & RESORTS (HOT, 25.43)- the hotel operator has agreed to sell its Westin St. Francis hotel to BRE/St. Francis for $243 million.

STATEN ISLAND BANCORP (SIB, 17.31)- The bank beat estimates by a penny as fourth quarter earnings rose 36% to 38 cents per share.  Net interest income rose 8.6% to $36.5 million in the quarter.

URSUS TELECOM CORP (UTCC, 16.50)- The provider of telecom services warned that it will report a wider than expected third quarter loss of 20 to 22 cents per share.  Analysts were looking for the company to earn 5 cents in the quarter.  The company attributed the lowered expectations to a 39% reduction in its retail prices and said it expects revenues in the quarter to fall 34% to $7.3 million.  The shares fell 1.38 in after hours trading on the news.

VISTA BANCORP INC (VBNJ, 15.50)- The bank beat full year estimates by a penny as earnings rose 22% to $1.33 per share in 1999.  Net interest income rose 13% to $23.64 million in 1999.

WARREN BANCORP INC (WRNB, 7)- The bank beat estimates by 2 cents as fourth quarter earnings rose 23.5% to 21 cents per share.

WESTERBEKE CORP (WTBK, 3)- The maker of marine engines said fourth quarter earnings fell to $0.01 per share from last year's seven cents.  Revenues rose to $8.5 million from $6.4 million in last year's third quarter.