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

 SEC FILINGS

AK STEEL CORP (AKS, 11.88)- The steelmaker beat estimates by a penny as it reported a first quarter loss of 12 cents per share, its first quarterly loss in 7 years, compared to last year's profit of 24 cents.  Revenues in the quarter slid 14% to $998 million, and shipments declined 6% to 1.51 million tons.

ARIBA INC (ARBA, 7.03)- The B2B software maker missed estimates by a penny as its second quarter loss widened to 20 cents per share from last year's loss of six cents.  Revenues in the quarter rose 126% to $90.7 million, below analysts' estimates of $120 million.  The shares are down 0.07 in pre-open trading on the news.

BOEING CO (BA, 60.63)- The aircraft maker beat estimates by nine cents as its first quarter earnings jumped 117% to 89 cents per share.  Revenues in the quarter rose 34% to $13.29 billion.  The company said its backlog rose 19% sequentially to $20.4 billion.

BROCADE COMMUNICATIONS (BRCD, 31.34)- The maker of network storage products warned that its second quarter results will fall short of expectations.  The company now sees revenues falling 30% sequentially from the first quarter's levels to approximately $115 million, and expects to report earnings of $0.05-$0.06 per share.  Analysts were looking for the company to earn 11 cents and to report revenues of $146 million.  The shares are down 2.83 in pre-open trading on the news.

CHARTERED SEMICONDUCTOR (CHRT, 26.70)- The chipmaker beat estimates by a penny as it reported a second quarter loss of 22 cents per ADS, compared to last year's profit of 29 cents.  Revenues in the quarter fell 18%, and 35.1% sequentially, to $214.6 million.  The company warned that it expects second quarter revenues to slide 25% sequentially from the first quarter's levels, and said it sees a loss of ($0.50)-($0.52) per share.  Analysts were looking for a second quarter loss of 23 cents.  The shares are up 0.30 in pre-open trading on the news.

G&K SERVICES INC (GKSRA, 20.20)- The maker of corporate identity apparel warned that its third quarter earnings will fall short of expectations.  The company now sees revenues of $151.4 million, and earnings of $0.38-$0.39 per share, compared to analysts' estimates of revenues of $152 million and earnings of 46 cents.

HERSHEY FOODS CORP (HSY, 63.53)- The food maker beat estimates by two cents as its first quarter earnings rose 11.8% to 57 cents per share.  Revenues in the quarter increased 8.8% to $1.08 billion.

INKTOMI CORP (INKT, 7.01)- The maker of Internet infrastructure software beat lowered expectations by three cents as it reported a second quarter loss of 22 cents per share, compared to last year's profit of one cent.  Revenues in the quarter fell 13.8% to $37.5 million.  The shares are up 1.22 in pre-open trading on the news.

LATTICE SEMICONDUCTOR (LSCC, 25.18)- The maker of programmable logic devices missed estimates by a penny as its first quarter earnings fell 7.7% to 24 cents per share.  Revenues in the quarter declined 12%, and 26% sequentially, to $111.1 million.  The company warned that it expects a second quarter revenue decrease in the "double digits".  Analysts were looking for second quarter revenues to increase  to $128 million.

LEARN2.COM (LTWO, 0.42)- The learning services provider has agreed to merge with transportation management systems provider E-Stamp Corp. (ESTM, 0.17).  Following the merger, ESTM shareholders will own 50.1% of the combined companies.  The shares of both companies are up 0.01 in pre-open trading on the news.
LTWO
ESTM

MERCK & CO INC (MRK, 78.27)- The drugmaker met expectations as its first quarter earnings rose 13% to 71 cents per share.  First quarter revenues increased 28% to $11.35 billion, above analysts' estimates of $10.9 billion.  The shares are down 1.62 in pre-open trading on the news.

SCIENTIFIC-ATLANTA (SFA, 58.71)- The maker of broadband transmission networks beat estimates by four cents as its third quarter earnings doubled to 46 cents per share.  Revenues in the quarter increased 51% to $663.7 million.  The company said its backlog rose 29.5% to $1 billion, and bookings improved 20% to $712.6 million.  The company said it sees full year earnings of $1.72 per share, above analysts' estimates of $1.66.  The shares are up 3.05 in pre-open trading on the news.

SEMITOOL INC (SMTL, 10.90)- The chip equipment maker beat estimates by four cents as its second quarter earnings rose 55.6% to 28 cents per share.  Revenues in the quarter increased 28% to $69.6 million, above analysts' estimates of $68 million.  The company warned that it expects its third quarter results to fall short of expectations.  The company now sees revenues of $50-$55 million, and earnings of $0.05-$0.10 per share.  Analysts were looking for third quarter revenues of $76 million and earnings of 25 cents.

VISTEON CORPORATION (VC, 16.50)- The auto parts maker said its first quarter earnings fell to 24 cents per share from last year's $1.13.  Revenues in the quarter declined 10% to $4.7 billion.

ADVANCED MICRO DEVICES (AMD, 27.85)- The chipmaker beat estimates by four cents as its first quarter earnings fell to 37 cents per share from last year's 55 cents.  Revenues in the quarter increased 8.9%, and 1% sequentially, to $1.19 billion.  PC processor sales rose 17% sequentially, but sales of flash memory products declined 10% sequentially.  The shares are up 2.35 in pre-open trading on the news.

CENDANT CORP (CD, 16.89)- The provider of real estate and travel services beat estimates by three cents as its first quarter earnings rose to 19 cents per share from last year's nine cents.  Revenues in the quarter jumped 37.9% to $1.3 billion.  The company said it sees full year earnings of $1.00 per share, compared to analysts' estimates of 95 cents.  The shares are up 0.11 in pre-open trading on the news.

COASTCAST CORP (PAR, 10.75)- The maker of golf clubheads reported a first quarter loss of nine cents per share, compared to last year's profit of 38 cents.  Revenues in the quarter slid 26.7% to $27.3 million.  The company attributed the revenue decline to sharply lower sales of steel golf clubheads and higher prices for titanium scrap.

CONSOLIDATED FREIGHTWAYS (CFWY, 6.20)- The trucking company said its first quarter loss widened to 61 cents per share, excluding gains, from last year's loss of 14 cents.  Revenues in the quarter fell 3.2% to $574.6 million.

CYPRESS SEMICONDUCTOR (CY, 20.01)- The chipmaker missed estimates by three cents as its first quarter earnings fell 38% to 25 cents per share.  Revenues in the quarter were flat, but down 29% sequentially to $262.3 million, slightly above analysts' estimates of $259 million.

EXTREME NETWORKS (EXTR, 21.75)- The maker of networking products met lowered expectations as it reported a third quarter loss of seven cents per share, compared to last year's profit of eight cents.  Revenues in the quarter increased 67% to $112 million.  The shares are up 1.75 in pre-open trading on the news.

LEGATO SYSTEMS (LGTO, 9.92)- The maker of enterprise storage products missed estimates by a penny as its first quarter loss narrowed to three cents per share from last year's loss of four cents.  Revenues in the quarter inched up 0.8% to $61 million.

MIDAS INC (MDS, 15.05)- The operator of automotive service shops met expectations as its first quarter earnings fell 50% to 21 cents per share.  Revenues in the quarter slipped 1.4% to $77.5 million.  The company warned that it sees second quarter earnings of $0.45-$0.50 per share, compared to analysts' estimates of 54 cents.

RELIANCE STEEL & ALUMINUM (RS, 26.70)- The metals processing company missed estimates by three cents as its first quarter earnings fell 14% to 50 cents per share.   First quarter revenues rose 0.5% to $432.9 million, and gross margins increased to 27.8% from last year's 27.2%.  The company said it sees full year earnings near $2.20 per share, compared to analysts' estimates of $2.32 per share.

RYDER SYSTEMS (R, 18.60)- The provider of logistics and truck leasing services beat lowered expectations by three cents as its first quarter earnings fell to 18 cents per share from last year's 33 cents.  Revenues in the quarter declined 2% to $1.28 billion.  The company said it sees second quarter earnings of $0.40-$0.44 per share, above analysts' estimates of 38 cents.

SIEBEL SYSTEMS INC (SEBL, 33.98)- The maker of e-business software beat estimates by a penny as its first quarter earnings rose 114% to 15 cents per share.  Revenues in the quarter increased 84% to $588.7 million.  The shares are up 6.88 in pre-open trading on the news.

SOUTHTRUST CORP (SOTR, 45.98)- The bank holding company announced a 2 for 1 stock split.

COCA COLA CO (KO, 45.70)- The beverage maker beat estimates by two cents as its first quarter earnings rose to 35 cents per share from last year's 22 cents.  Revenues in the quarter rose 5% to $4.48 billion.

DELTA AIR LINES (DAL, 41.10)- The airline missed estimates by 17 cents as it reported a first quarter loss of $1.02 per share, compared to last year's profit of $1.27.  Revenues in the quarter slipped to $3.84 billion from last year's $3.91 billion.  The company attributed the loss to slower economic growth and labor troubles.

HEWLETT-PACKARD CO (HWP, 29.25)- The computer maker warned that its second quarter results will fall short of expectations due to slower sales of consumer PCs and printers.  The company now sees earnings of $0.13-$0.17 per share, compared to analysts' estimates of 35 cents.  The company also said it will eliminate 3,000 managerial jobs.

KNIGHT TRADING GROUP (NITE, 15.44)- The market maker beat lowered expectations by three cents as its first quarter earnings fell to 21 cents per share from last year's $1.07.  Revenues in the quarter tumbled 56%, and 10% sequentially,  to $225.6 million.  Pre-tax margins slumped to 19.1% from last year's 42.5%.

UAL CORP (UAL, 33.65)- The holding company for United Airlines missed estimates by $1.54 as it reported a first quarter loss of $5.82 per share, compared to last year's profit of 84 cents.  Revenues in the quarter fell 2.7% to $4.42 billion.  The company warned that it expects to post a second quarter loss, compared to analysts' estimates of a profit of 94 cents.

ACTUATE CORP (ACTU, 9.05)- The maker of information delivery software beat estimates by a penny as its first quarter earnings doubled to six cents per share.  Revenues in the quarter increased 89% to $35.5 million.  The company warned that its second quarter and full year results will fall short of expectations.  The company now sees second quarter revenues of $32.5 million and earnings of three cents per share.  Analysts were looking for the company to earn five cents.  The company sees full year revenues of $143 million and earnings of 20 cents, compared to analysts' expectations of $165 million and 25 cents.  The shares fell 1.04 in after hours trading on the news.

CHARLES sch (SCH, 18.00)- The brokerage met expectations as its first quarter earnings slid to eight cents per share from last year's 23 cents.  Revenues in the quarter declined 30.5% to $1.2 billion.

CISCO SYSTEMS (CSCO, 17.20)- The maker of networking products warned that its third quarter results will fall substantially below expectations due to slowing economic conditions and lower telecom and IT spending.  The company now sees revenues dropping 30% sequentially to $4.7 billion, compared to analysts' estimates of $6.1 billion.  The company now sees earnings "in the very low, single-digit range", compared to analysts' estimates of eight cents.  The company said it will take a restructuring charge of $800 million-$1.2 billion in the quarter.  The company said it sees fourth quarter revenues of $4.23-$4.7 billion.  The shares fell 1.45 in after hours trading on the news.

EXCITE@HOME CORP (ATHM, 4.87)- The provider of broadband Internet access warned that its first quarter results will fall short of expectations due to slumping ad revenues.  The company now sees revenues of $140-$145 million, and expects to post a loss of ($0.14)-($0.15) per share.  Analysts were looking for a loss of 13 cents.  The company expects to end the quarter with $105 million in cash, down from $201 million at the end of the fourth quarter.  The company said it will need to raise $75-$80 million in cash by the end of the second quarter.

GANNETT CO (GCI, 63.05)- Themedia company beat estimates by seven cents as its first quarter earnings fell to 74 cents per share from last year's $3.44.

MILLIPORE CORP (MIL, 50.20)- The maker of purification products beat estimates by seven cents as its first quarter earnings rose 5.4% to 59 cents per share, excluding charges.  Revenues in the quarter rose 9% to $244 million.  The company said it had reduced its workforce by 13%, or 400 jobs.

PHILIP MORRIS (MO, 46.56)- The food and tobacco company beat estimates by a penny as its first quarter earnings rose 6.7% to 95 cents per share.  Revenues in the quarter increased 11.6% to $22.4 billion.

24/7 MEDIA INC (TFSM, 0.34)- The Internet ad network will reduce its workforce as part of a cost reduction program that is expected to yield $10 million in annual savings.

ANALYSTS INTERNATIONAL (ANLY, 5.59)- The provider of IT consulting and staffing services warned that its first quarter earnings will fall short of expectations.  The company now sees earnings of $0.05-$0.07 per share, compared to analysts' estimates of 10 cents.  The company said it sees full year earnings of $0.30-$0.40 per share, compared to analysts' expectations of 59 cents.

BROADBASE SOFTWARE (BBSW, 1.08)- The maker of e-business software missed estimates by 11 cents as its first quarter loss widened to 22 cents per share from last year's 14 cents.  Revenues in the quarter rose 107% to $13 million, below analysts' estimates of $22 million.

CAIS INTERNET (CAIS, 0.60)- The provider of broadband Internet access said its fourth quarter loss widened to $7.27 per share ($171.6 million) from last year's loss of 89 cents.  Revenues in the quarter rose to $5.36 million from last year's $4.68 million.  The company said it will need additional financing by the end of the second quarter.  The company's auditors are expected to issue a "going concern" advisory.  The shares fell 25%, or 0.15, in after hours trading on the news.

CENTRAL GARDEN & PET (CENT, 10)- The maker of garden and pet products warned that its third quarter earnings will fall short of expectations.  The company now sees earnings of $0.10-$0.15 per share, compared to analysts' estimates of 43 cents.  The shares fell 25%, or 2 points, in after hours trading on the news.

DOUBLECLICK INC (DCLK, 12.06)- The Internet advertising company beat lowered estimates by a penny as its first quarter loss narrowed to eight cents per share from last year's loss of 11 cents.  Revenues in the quarter increased 4% to $114.9 million, compared to analysts' estimates of $112 million.  The company warned that its second quarter and full year results will fall short of expectations.  The company now sees second quarter revenues of $100-$105 million, and expects to post a loss of ($0.05)-($0.07) per share.  Analysts were looking for second quarter revenues of $125 million and a loss of two cents.  The company sees full year revenues of $425-$450 million, compared to estimates of $524 million, and expects to post a full year loss of ($0.18)-($0.22).  Analysts were looking for a full year profit of four cents. The shares fell 1.31 in after hours trading on the news.

ECHELON CORP (ELON, 14.61)- The maker of networking products met expectations as it reported breakeven first quarter results, compared to last year's loss of two cents.  Revenues in the quarter increased 10% to $12.6 million, and gross margins improved to 61.9% from last year's 58.4%.  The shares rose 1.39 in after hours trading on the news.

ELANTEC SEMICONDUCTOR (ELNT, 33.91)- The chipmaker met expectations as its second quarter earnings rose 30% to 20 cents per share.  Revenues in the quarter rose 53%, but fell 25% sequentially, to $30.6 million, below analysts' estimates of $32 million.  The company warned that it sees third quarter earnings of $0.10-$0.12 per share, compared to analysts' estimates of 21 cents.

GENENTECH INC (DNA, 45.65)- The biotech met expectations as its first quarter earnings rose 21% to 17 cents per share.  Revenues in the quarter increased 37% to $540.1 million, above analysts' estimates of $445 million.  The shares rose 4.19 in after hours trading on the news.

HANDSPRING INC (HAND, 14.25)- The maker of hand held computers met expectations as its third quarter loss narrowed to six cents per share from last year's loss of 13 cents.  Revenues in the quarter rose 261% to $123.8 million, above analysts' estimates of $119 million.

MIPS TECHNOLOGIES (MIPS, 22.23)- The chipmaker beat estimates by a penny as its third quarter earnings fell to 21 cents per share from last year's 26 cents.  Revenues in the quarter rose 3% to $27.8 million.  The shares fell 0.48 in after hours trading on the news.

POWERWAVE TECHNOLOGIES (PWAV, 13.42)- The maker of wireless products missed estimates by nine cents as it reported a first quarter loss of 15 cents per share, compared to last year's profit of 16 cents.  Revenues in the quarter declined 29.7% to $73 million.  The shares fell 1.42 in after hours trading on the news.

RAMBUS INC (RMBS, 19.53)- The developer of memory chip products missed estimates by three cents as its second quarter earnings doubled to eight cents per share.  Revenues in the quarter rose 99%, but fell 10% sequentially, to $31.2 million.  The company said it expects its third quarter revenues to decline 20% from the second quarter's levels.  The shares fell 1.55 in after hours trading on the news.

SILICON STORAGE TECHNOLOGIES (SSTI, 7.86)- The maker of flash memory products missed estimates by a penny as its first quarter earnings slid to six cents per share from last year's 11 cents.  Revenues in the quarter rose 38.5%, but fell 46.4% sequentially, to $86.3 million.  The company said it expects its second quarter revenues and earnings to rise 5%-10% from the first quarter's levels.  Analysts were looking for second quarter earnings of six cents per share.  The shares rose 1.19 in after hours trading on the news.