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

 SEC FILINGS

ALTERNATIVE RESOURCES CORP (ALRC, 3.75)- The provider of information technology management services warned that first quarter revenues and earnings will fall short of current analysts' expectations.  Analysts were looking for a loss of four cents per share in the quarter.  The company attributed the shortfall to weak industry conditions and said the conditions were likely to persist into the second quarter. 

AUREAL INC (AURL, 7.88)- The maker of digital audio products said its fourth quarter loss narrowed to 95 cents per share from last year's loss of $1.62.  Revenues fell 21.2% to $8.5 million in the quarter.  Fourth quarter gross margins improved to 35% from last year's 30%.  The company said it needs "an immediate capital infusion" to continue its operations.

DARDEN RESTAURANTS (DRI, 14.68)- The restaurant operator beat estimates by four cents as third quarter earnings rose 33% to 36 cents per share.  Revenues increased 6% to $917.5 million in the quarter.  The company attributed the better than expected results to strong performances from its Olive Garden and Red Lobster chains.

EMACHINES INC (EEEE, -)- The PC maker priced 20 million shares at $9.  The shares begin trading on NASDAQ today.

GILLETTE CO (G, 35.25)- The maker of grooming products and batteries has agreed to sell its White Rain hair care products business to Diamond Products Co for an undisclosed amount.  Gillette said the sale of the unit will not effect its earnings.

HARDING LAWSON ASSOCIATES (HRDG, 9.25)- The provider of construction services has agreed to be acquired by MACTEC Inc for $11.50 per share in a $58 million deal.

LECHTERS INC (LECH, 1.5)- The housewares retailer said fourth quarter earnings fell to 14 cents per share, excluding a one-time gain, from last year's 31 cents.  Revenues in the quarter slipped 2.6% to $150.97 million, but same store sales rose 2.9%.  The company also announced plans to buyback 3 million of its shares.

LENNAR CORP (LEN, 21.13)- The homebuilder beat estimates by two cents as first quarter earnings fell 11.1% to 40 cents per share.  First quarter revenues rose 8% to $640.4 million.

MANUGISTICS GROUP (MANU, 56.5)- The software maker beat estimates by two cents as its fourth quarter loss narrowed to four cents per share from last year's loss of $2.66.  Revenues in the quarter increased to $43.65 million from last year's $40.46 million.  The shares rose 3.50 in after hours trading on the news.

MDC HOLDINGS (MDC, 15.81)- The homebuilder said it expects first quarter earnings to exceed 68 cents per share.  Analysts were looking for a profit of 65 cents in the quarter.

MONARCH DENTAL CORP (MDDS, 2.68)- The operator of dental offices said it has hired an investment banker to help it explore strategic alternatives to enhance shareholder value, including the possible sale of the company.

POWER INTEGRATIONS (POWI, 49.25)- The maker of power conversion integrated circuits warned that first quarter revenues will fall short of expectations.  The company now sees revenues of $26.5-$27.5 million in the quarter.  Analysts were looking for the company to earn 18 cents per share in the quarter.  The shares tumbled 11.38 in after hours trading on the news.

SPS TECHNOLOGIES (ST, 37.75)- The maker of aerospace fasteners warned that first quarter earnings will fall short of expectations.  The company now sees earnings of $0.75-$0.85 per share in the quarter, compared to analysts' expectations of 93 cents.  The company attributed the shortfall to weakness in the North American aerospace industry.

TELXON CORP (TLXN, 23.56)- The designer of wireless networks warned that fourth quarter revenues could miss the current expectations of $100 million by up to 10%.  The company attributed the shortfall to a component shortage.  Analysts were looking for the company to report a fourth quarter loss of 69 cents per share.  The shares slipped 1.18 in after hours trading on the news.

VIRATA CORP (VRTA, 172.13)- The chipmaker announced a 2 for 1 stock split.  The shares jumped 13.87 in after hours trading on the news.

WIT CAPITAL GROUP (WITC, 16.56)- The investment banking group said it expects first quarter revenues and earnings to exceed current analysts' estimates.  The company now sees revenues of at least $85 million in the quarter and said it expects to turn a profit.  Analysts were looking for a loss of three cents and revenues of $47.6-$54 million in the quarter.  The shares rose 3.75 in after hours trading on the news.

XIRCOM INC (XIRC, 41)- The maker of laptop modems warned that second quarter revenues and earnings will fall short of expectations.  The company now sees revenues of $108-$110 million and earnings of $0.30-$0.35 in the quarter.  Analysts were looking for the company to earn 56 cents.

AMERICAN XTAL TECHNOLOGY (AXTI, 33.94)- The maker of LEDs beat estimates by a penny as fourth quarter earnings fell 20% to eight cents per share.  Revenues rose 5.4% to $21.66 million in the quarter.  The company also restated its earnings for the first three quarters of the year due to a revenue adjustment.  Revenues for the first nine months of the year were adjusted downward to $59.6 million from $61.4 million, and nine-month earnings were restated from a profit of 34 cents to a loss of nine cents. 

AVENTIS (AVE, 55)- The drugmaker said 1999 earnings fell 5% to 89 euros per share.  Revenues slipped 2% to $20.66 billion.

CLICKACTION INC (CLAC, 51)- The e-marketing company announced a 2 for 1 stock split.  The shares jumped 10 points to 61 in after hours trading on the news.

COBALT NETWORKS INC (COBT, 61)- The maker of Internet server appliances has agreed to acquire ASP software developer Chili!Soft Inc for 1.15 million shares of Cobalt stock in a $70 milion deal.

CREDENCE SYSTEMS CORP (CMOS, 132)- The maker of automated semiconductor testing equipment announced a 2 for 1 stock split.

INTERMAGNETICS GENERAL (IMG, 21)- The maker of superconducting materials beat estimates by six cents as third quarter earnings rose 300% to 12 cents per share.  Revenues in the quarter rose 22% to $28.1 million.

L90 INC (LNTY, 19)- The provider of online advertising services said it expects first quarter revenues to exceed current expectations.  The company now sees revenues rising 209%-248% to $8-$9 million in the quarter.  The shares rose 5.50 in after hours trading on the news.

NETIVATION.COM (NTVN, 7.75)- The operator of a public affairs web site said its fourth quarter loss widened to 35 cents per share from last year's loss of 32 cents.

ODETICS INC (ODETA, 18.13)- The technology incubator postponed a planned initial public offering of its Iteris Inc unit due to stock market conditions.

RCM TECHNOLOGIES (RCMT, 15.25)- The maker of web enabled e-commerce products warned that first quarter earnings will fall short of expectations.  The company now sees earnings of $0.15-$0.18 per share in the quarter, compared to analysts' expectations of 30 cents.  The shares tumbled 5.25 in after hours trading on the news.

REXALL SUNDOWN (RXSD, 16.56)- The maker of vitamins and nutritional supplements beat estimates by a penny as second quarter earnings rose 12% to 26 cents per share.  Revenues increased 27% to $176.3 million in the quarter.  The shares rose 0.44 in after hours trading on the news.

RICHARDSON ELECTRONICS (RELL, 11.25)- The electronic components distributor beat estimates by four cents as third quarter earnings rose to 20 cents per share from last year's five cents.  Revenues in the quarter increased 28% to $98.9 million, but gross margins slipped to 26.7% from 28.2% last year.

RIMAGE CORP (RIMG, 25.38)- The maker of CD-R and DVD duplication systems announced a 3 for 2 stock split.  The shares rose 2 in after hours trading on the news.

SEA CONTAINERS LTD (SCR.b, 22)- The provider marine container leasing services and operator of hotels and ferries said fourth quarter earnings fell to 43 cents per share from last year's 85 cents.  Revenues slipped 4.9% to $330 million in the quarter.  The company attributed the earnings drop to higher fuel costs, bad weather, and lower than expected travel due to Y2K worries.

SHERWIN WILLIAMS CO (SHW, 21)- The paint and coatings maker said first quarter earnings will exceed current analysts' estimates of $0.19-$0.21 per share.  The company now sees earnings of $0.22-$0.24.

STERICYCLE INC (SRCL, 18.75)- The provider of medical waste management services beat estimates by 11 cents as fourth quarter earnings rose 30% to 26 cents per share.  Revenues increased 167% to $58.6 million in the quarter.  Gross margins in the quarter improved to 36.6% from the prior year's 32.3%.  The shares gained 4.25 in after hours trading on the better than expected news.

VANS INC (VANS, 16.25)- The retailer of active footwear, clothing, and snowboard boots beat estimates by a penny as third quarter earnings rose 140% to 12 cents per share.  Revenues climbed 48.9% to $67.8 million in the quarter, and same store sales rose 5.7%.

ARROW INTERNATIONAL (ARRO, 36.43)- The maker of disposable catheters met expectations as second quarter earnings rose 14.9% to 54 cents per share.  Revenues rose 8.5% to $80.6 million.

CHASE MANHATTAN CORP (CMB, 89.81)- The financial services company announced a 3 for 2 stock split.  The company also said it will raise its quarterly dividend to 48 cents per share from the present 41 cents.

DELTA AND PINE LAND CO (DLP, 20)- The cotton seed producer beat estimates by three cents as second quarter earnings doubled to 30 cents per share.  Revenues jumped 43.1% to $104.2 million in the quarter.

GREAT PLAINS SOFTWARE (GPSI, 61.25)- The maker of accounting and human resource management software beat estimates by a penny as third quarter earnings fell 12.5% to 21 cents per share.  Revenues rose 34% to $48.1 million in the quarter.

HERMAN MILLER (MLHR, 24)- The maker of office furniture met expectations as third quarter earnings rose 14.3% to 40 cents per share.  Revenues in the quarter rose 13.4% to $478.2 million, and new orders increased 20.1% to $464.3 million.

LASER PACIFIC MEDIA CORP (LPAC, 10.75)- The provider of video post production services said its fiscal 1999 earnings rose 59% to 62 cents per share.  Revenues for the year inched up to $30.99 million from last year's $30.7 million.

LIBERATE TECHNOLOGIES (LBRT, 70)- The Internet software maker beat estimates by three cents as its third quarter loss widened to 14 cents per share from last year's loss of 11 cents.  Revenues rose 68% to $7.5 million in the quarter.  The shares rose 0.75 in after hours trading on the news.

MICRON TECHNOLOGY (MU, 130.50)- The memory chipmaker missed estimates by 23 cents as second quarter earnings rose to 58 cents per hare from last year's eight cents.  Revenues climbed 40% to $1.4 billion in the quarter, but a 20% drop in memory chip prices during the quarter caused semiconductor gross margins to fall to 41% from the first quarter's 58%.  The shares dropped 11.50 in after hours trading on the disappointing results.

MOVADO GROUP INC (MOVA, 17.31)- The watchmaker said fourth quarter sales rose 23.5% to $79.5 million, but warned that fourth quarter earnings will fall short of expectations.  The company now sees a loss of $0.21-$0.25 per share in the quarter, excluding a charge of 46 cents.  Analysts were looking for a profit of 47 cents.  The company attributed the shortfall to lower gross margins caused by an unfavorable product mix, higher costs, and higher than expected infrastructure spending.

OAKLEY INC (OO, 9)- The sunglasses and prescription eyewear maker said strong demand for its new eyewear products and improving results in its footwear division will result in better than expected first quarter earnings.  The company now sees earnings of five cents per share in the quarter, compared to analysts' expectations of three cents.

SAMSONITE CORP (SAMC, 5.38)- The luggage maker said its fourth quarter loss narrowed to 34 cents per share from last year's loss of $5.76.  Revenues in the quarter increased to $188.2 million from last year's $178 million.

3COM CORP (COMS, 68.56)- The networking company beat estimates by two cents as third quarter earnings rose 9% to 27 cents per share, excluding one-time items.  Revenues were essentially flat at $1.415 billion in the quarter.  Separately, the company announced plans to exit the modem business and to refocus on high growth areas. The shares rose 0.88 in after hours trading on the news.

COREL CORP (CORL, 13.38)- The software maker missed estimates by 13 cents as its first quarter loss widened to 29 cents per share, excluding a one-time gain, from last year's loss of 24 cents.  Revenues increased 9.4% to $44.1 million in the quarter.  The company said it expects second and third quarter results to be similar to the first quarter's.  The shares dropped 2.91 in after hours trading on the disappointing results.

HOOPER HOLMES INC (HH, 34.25)- The provider of  information services to the healthcare industry announced a 2 for 1 stock split.

MICRON ELECTRONICS (MUEI, 17.31)- The PC maker beat estimates by two cents as second quarter earnings rose to six cents per share from last year's four cents.  Revenues in the quarter fell 11% to $334 million, but gross margins improved to 20.0% from 17% in last year's second quarter.  The shares jumped 2.69 in after hours trading on the better than expected results.

TIBCO SOFTWARE (TIBX, 120.64)- The maker of B2B infrastructure software beat estimates by a penny as its first quarter earnings rose to one cent per share from last year's loss of four cents.  Revenues rose 133%, and 26% sequentially, to $42 million in the quarter.  The company said license revenues rose 192% to $28.4 million in the quarter.  The shares fell 7.64 in after hour trading on the news.

ATHEY PRODUCTS CORP (ATPC, 2)- The maker of street cleaning equipment reported fourth quarter earnings of nine cents per share, compared to last year's loss of $1.58.  Revenues in the quarter increased 21.2% to $8.35 million.

CIRCUIT SYSTEMS INC (CSYI, 2)- The circuit board maker said its third quarter loss widened to 25 cents per share from last year's loss of eight cents.  Revenues in the quarter increased 11% to $23.03 million.

GOOD GUYS INC (GGUY, 4.63)- The electronics retailer announced a restructuring that will result in the elimination of 300 jobs.  The company sees $9 million in annual cost savings from the move.

IVEX PACKAGING CORP (IXX, 5.68)- The maker of specialty packaging products warned that first quarter earnings will fall short of expectations.  The company now sees earnings of $0.20-$0.23 per share in the quarter.  Analysts were looking for the company to earn 25 cents.  Ivex attributed the shortfall to rising raw materials costs.

PRICELINE.COM INC (PCLN, 90)- Thee-commerce company received an unfavorable mention in this weekend's Barron's.  The article said the company could face increasing competitive pressures.

PS BUSINESS PARKS INC (PSB, 20.25)- The business park developer met expectations as fourth quarter earnings increased 20% to 42 cents per share.  Funds from operations rose 14.5% to 63 cents per share.  Rental income increased 7.2% in the quarter to $18.6 million.

SENTRY TECHNOLOGY CORP (SKV, 0.56)- The maker of electronic surveillance equipment said its shares will be delisted from the American Stock Exchange on March 31st because the company does not meet the minimum listing requirements.

TRINTECH GROUP PLC (TTPA, 137.06)- The maker of electronic payment software announced a secondary offering of 6 million ADSs, with 2 million of the shares being sold by existing shareholders.

VALERO ENERGY CORP (VLO, 29.38)- The oil refiner said it expects earnings in 2000 and 2001 to exceed current expectations .  The company now sees earnings of $2.99 per share in 2000 and $3.85 in 2001.  Analysts were looking for the company to earn $2.18 this year and $2.81 next year.  The company attributed the raised forecasts to the purchase of a refinery from Exxon Mobil Corp (XOM, 77.13).
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XOM