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

 SEC FILINGS

BOOKS-A-MILLION (BAMM, 1.72)- The bookseller missed estimates by a penny as its fourth quarter earnings fell 25% to 27 cents per share.  Revenues in the quarter rose 2.8% to $141.7 million, but same store sales declined 8.4%.  The company warned that its first quarter earnings will fall short of expectations.  The company now sees earnings of ($0.02)-$0.00 per share, compared to analysts' estimates of a profit of three cents.  The shares rose 0.22 in after hours trading on the news.

IMMUNEX CORP (IMNX, 18.88)- The biotech said it will end clinical testing of its drug Enbrel for treatment of heart failure.  The shares tumbled 8.94 to 9.94 in after hours trading on the news.

LUMINANT WORLDWIDE (LUMT, 0.91)- The provider of e-business consulting services missed estimates by 46 cents as its fourth quarter loss widened to 49 cents per share from last year's loss of seven cents.  Revenues in the quarter tumbled 24.3% to $22.8 million.

RED HAT INC (RHAT, 5.22)- The Linux software maker beat estimates by a penny as it reported breakeven fourth quarter results, compared to last year's loss of four cents.  Revenues in the quarter jumped 106%, and 20% sequentially,  The shares rose 1.22 in after hours trading on the news.

24/7 MEDIA INC (TFSM, 0.70)- The Internet advertising network missed expectations by 25 cents as its fourth quarter loss widened to 75 cents per share from last year's loss of 29 cents.  Revenues in the quarter rose 4.1% to $38.6 million.  Including charges, the company lost $677.1 million ($15.96 per share) in the quarter.  The company warned that it expects first quarter earnings to fall 35%-40% sequentially.

DEL MONTE FOODS CO (DLM, 8.97)- The fruit and vegetables producer warned that its third quarter and full year results will fall short of expectations.  The company now sees third quarter earnings of $0.20-$0.23 per share and full year earnings of $0.88-$0.92.  Analysts were looking for the company to earn $0.26 in the quarter and $1.01 for the full year.  The company attributed the shortfall to customers reducing their inventory levels.

FINLAY ENTERPRISES (FNLY, 12)- The jewelry retailer beat estimates by six cents as its fourth quarter earnings rose 3% to $2.79 per share.  Revenues in the quarter increased 11.2% to $420.5 million.

HARTMARX CORPORATION (HMX, 3.37)- The apparel maker missed estimates by six cents as it reported a first quarter loss of three cents per share, compared to last year's profit of four cents.  Revenues in the quarter fell 13.7% to $141.8 million, but gross margins improved to 27.6% from last year's 26.4%.

KENT ELECTRONICS (KNT, 15.90)- The electronics distributor has agreed to be acquired by electronics distributor Avnet Inc (AVT, 23.55) in an all-stock deal valued at $550 million.  Under the terms of the deal, KNT shareholders will receive 0.87 shares of AVT (approximately $20.49) for each share held, a 29% premium to yesterday's close.
KNT
AVT

MCCLATCHY COMPANY (MNI, 38.51)- The newspaper publisher warned that its first quarter earnings will fall short of expectations due to weaker ad spending.  The company now sees earnings of $0.20-$0.24 per share, compared to analysts' estimates of 35 cents.

TRIBUNE CO (TRB, 36.20)- The newspaper publisher warned that its first quarter earnings will fall short of expectations due to weaker ad spending.  The company now sees earnings of $0.18-$0.20 per share, compared to analysts' estimates of 25 cents.

AMERON INTERNATIONAL (AMN, 49.00)- The maker of water transmission lines and other engineered  industrial products beat estimates by nine cents as its first quarter earnings jumped 70.8% to 41 cents per share.  Revenues in the quarter inched up 0.1% to $121.6 million.

ASPECT COMMUNICATIONS (ASPT, 8.31)- The provider of customer relationship portals warned that its first quarter results will fall short of expectations due to slowing economic conditions.  The company now sees revenues of $110-$115 million, compared to previous estimates of $150-$153 million.  The company now sees a loss of $37-$41 million in the quarter.  The shares fell 0.90 in after hours trading on the news.

DELIAS CORP (DLIA, 3.53)- The beleaguered teen mall retailer and direct marketer missed estimates by 10 cents as it reported a wider than expected fourth quarter loss of 23 cents per share, excluding charges.  The company's quarter end cash and investments position fell to $21 million from $27 million at the end of the third quarter.  The company said it will "wind down" its Storybook Heirlooms unit by May, rather than selling it as originally planned.

GOODYS FAMILY CLOTHING (GDYS, 4.68)- The apparel retailer beat estimates by 16 cents as its fourth quarter earnings jumped to 34 cents per share from last year's three cents.  Revenues in the quarter rose 2.4% to $400.3 million, but same store sales slid 9.2%.

KB HOME (KBH, 27.75)- The homebuilder beat estimates by four cents as its first quarter earnings rose 25% to 70 cents per share.  Revenues in the quarter rose 2.7% to $799.6 million, and housing gross margins improved to 19.5% from 18.9%.  The company's backlog jumped 41% to $2.2 billion.

LENNAR CORP (LEN, 37.75)- The homebuilder beat estimates by 12 cents as its first quarter earnings jumped 88% to 75 cents per share.  Revenues in the quarter rose 72% to $1.1 billion, and backlog increased 215% to $2.4 billion.

NIKE INC (NKE, 38.01)- The maker of athletic footwear and apparel met lowered expectations as its third quarter earnings slumped to 35 cents per share from last year's 52 cents.  Revenues in the quarter were flat at $2.2 billion.  The company said futures orders were flat at $3.8 billion.  The company attributed the weaker results to slow U.S. footwear sales

OWENS-ILLINOIS INC (OI, 8.45)- The maker of glass containers has agreed to sell its Harbor Capital Advisors mutual fund unit to Robeco Groep N.V. for $490 million in cash.

AAR CORP (AIR, 12.85)- The provider of support services to the aviation industry missed estimates by six cents as its third quarter earnings tumbled 50% to 20 cents per share.  Revenues in the quarter slid 28.2% to $200 million.

AIR PRODUCTS AND CHEMICALS (APD, 40.47)- The maker of industrial gases warned that its second quarter earnings will fall short of expectations due to slowing U.S. economic conditions.  The company now sees earnings of 53 cents per share, compared to analysts' estimates of 60 cents.

ARVINMERITOR INC (ARM, 15.55)- The maker of truck parts warned that its second quarter and full year results will fall short of expectations due to slowing U.S. economic conditions.  The company now sees second quarter revenues declining 13% to $1.8 billion, and expects to report earnings of $0.40-$0.45 per share.  Analysts were looking for the company to earn 51 cents.  The company sees full year revenues falling 14% to $6.6 billion, and lowered its full year earnings forecast down to $1.35-$1.45 per share from the previous estimate of $2.00-$2.30.

FAMILY DOLLAR STORES (FDO, 25.35)- The discount store operator met expectations as its second quarter earnings rose 9.4% to 35 cents per share.  Revenues in the quarter increased 20.8% to $1.037 billion, and same store sales rose 2.2%.  Gross margins fell to 32.6% from last year's 33.1%.

LEVI STRAUSS & CO (-, -)- The apparel maker said its first quarter net income fell to $30 million from last year's $48 million.  Revenues in the quarter declined 8% to $996.4 million.  The company's cash position fell to $82.2 million from the fourth quarter's $117.1 million, and inventories rose to $744 million from the fourth quarter's $652 million.

LIGAND PHARMACEUTICALS (LGND, 10)- The drug developer beat estimates by four cents as its fourth quarter loss narrowed to 22 cents per share from last year's loss of 48 cents.  Revenues in the quarter increased 11% to $13.8 million.

PLANTRONICS INC (PLT, 23.00)- The maker of telephone headsets warned that its fourth quarter results will fall short of expectations due to weakness in telecom equipment spending and slowing economic conditions.  The company now sees revenues of $88-$90 million, compared to previous estimates of $105 million, and earnings of $0.16-$0.19 per share.  Analysts were looking for the company to earn 34 cents.  The shares fell 2.06 in after hours trading on the news.

SOLECTRON INC (SLR, 21.49)- The provider of outsourced electronics manufacturing services beat estimates by a penny as its second quarter earnings rose 57.9% to 30 cents per share.  Revenues in the quarter increased 85.5% to $5.4 billion.  The company warned that third quarter earnings will fall short of expectations.  The company now sees revenues of $4.1-$4.5 billion, and earnings of $0.12-$0.16 per share.  Analysts were looking for the company to earn 31 cents.  The company also said it will eliminate 8,200 positions, or 10.4% of its workforce.  The shares fell 2.39 in after hours trading on the news.

7-ELEVEN INC (SE, 9.91)- The convenience store operator warned that its first quarter results will fall short of expectations due to weak consumer spending, rising utility costs, and higher gasoline prices. The company now sees earnings of ($0.01)-$0.01 per share, compared to analysts' estimates of a profit of 8 cents.

HINES HORTICULTURE (HORT, 2.94)- The operator of commercial nurseries said February same store sales rose 3%.  February total sales increased 23% to $30.4 million.

OSHMANS SPORTING GOODS (OSH, 12.55)- The sporting goods retailer said its fourth quarter earnings jumped to $1.17 per share from last year's 25 cents.  Revenues in the quarter increased 12.5% to $105.4 million, and same store sales rose 6.2%.

PAYCHEX INC (PAYX, 33.74)- The provider of outsourced payroll services beat estimates by a penny as its third quarter earnings rose 38.5% to 18 cents per share.  Revenues in the quarter increased 19% to $229.3 million.