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

 SEC FILINGS

BRIGHTPOINT (CELL, 7.28)- The company posted a wider than expected first quarter loss, losing 2 cents a share in the quarter, compared to a profit of 16 cents last year.  The company expects international operations to continue to negatively impact its operations for the remainder of the year.

COMPUTER ASSOCIATES (CA, 42.38)- The software maker expects to beat fourth quarter estimates by 2 cents a share.  The company cited strong sales of its client server software for the better than expected results.  The shares should get a lift from the news in today's trading.

DEERE (DE, 45.13)- The company warned that second quarter revenues will fall 20% and full year revenues will sink 18%-20%.   The company cited weak agricultural prices and pricing pressures in the construction equipment industry for the revenue shortfall.  The earnings warning will put pressure on Deere in today's trading and could put pressure on the other cyclicals.

EARTHWEB (EWBX, 51.13)- The Internet web site operator reported a first quarter loss of 82 cents a share, compared to a loss of 27 cents last year.  Analysts were looking for a loss of 93 cents a share in the quarter.  Revenues grew 1,112% to $3.7 million.

INFOSPACE (INSP, 118.63)- The internet content provider's shares soared 10 points in after hours trading after it reported a narrower than expected first quarter loss of 3 cents a share, beating expectations by 11 cents.  The company broke even in last year's first quarter. Revenues grew 406% in the quarter to $5.1 million.

MARKETWATCH.COM (MKTW, 72.5)-The company posted a wider than expected loss of 52 cents a share in its first quarter, missing estimates by 8 cents.  Revenues in the quarter were $3.1 million.

WR GRACE (GRA, 15.13)- The company beat first quarter estimates by 2 cents, as sales rose 1% in the quarter.

AMAZON.COM (AMZN, 193.5)- The 4th largest retailer (ranked by market capitalization) reported a first quarter loss of 39 cents a share, compared to a loss of 7 cents last year.  Factoring out M&A related costs, the bookseller lost 23 cents a share, beating estimates of a 29 cents a share loss.   Revenues grew to $293.6 million, beating expectations of $260 million. In what could amount to a sea change of opinion in how investors choose to analyze Internet stock earnings, rather than focusing on the beating of expectations the focus in after hours trading is on the company's announcement that the pace of revenue growth will slow and costs will continue to mount.  The shares are down over 10% in European trading.

CALLAWAY GOLF (ELY, 14.94)- The golf club maker beat first quarter expectations by 6 cents a share, earning 18 cents.  Sales rose 5% to $185.7 million in the quarter, while the operating margin rose to 15.8% compared to 12.8%.  The company remains cautious on the sales outlook for the full year.  The shares, which have been strong of late, should get a boost from the better than expected results.

COMFORCE (CFS, 3.5)- The company warned that it will lose 7 to 9 cents a share in its first quarter, compared to estimates of a 2 cents a share profit.  The company cited a decline in demand from Boeing, its largest client, for the shortfall.

ETHAN ALLEN INTERIORS (ETH, 51.94)- The furniture company announced a 3 for 2 stock split and a 50% dividend boost.

KANSAS CITY SOUTHERN (KSU, 61.43)- The company topped first quarter estimates by 3 cents, earning 60 cents a share in its first quarter, an increase of 48%.  Revenues jumped 30% in the quarter, while assets under managment grew 25%.

MEDIAONE GROUP (UMG, 80.06)- The take over target beat first quarter expectations of a 34 cents a share loss, losing 21 cents a share in the quarter.  Separately, America Online reportedly is considering making a joint bid with Comcast for the company.

MIDAMERICAN ENERGY (MEC, 31.19)- The utility reported a 33% rise in first quarter revenues and a 44% jump in earnings.   The company earned 50 cents a share, beating expectations of 41 cents.

READERS DIGEST (RDA, 32.5)- The publisher beat third quarter estimates by 6 cents a share, earning 23 cents.  The company expects profits to show a further improvement in the fourth quarter.  The shares should get a lift from the news.

SCHULER HOMES (SHLR, 7.31)- The company earned 24 cents a share in its first quarter, beating estimates of 15 cents a share.   Revenues rose 72.7% and backlog jumped 62.6% in the quarter.

APRIA HEALTHCARE (AHG, 15.25)- The company said it will earn 30 cents a share in its first quarter compared to current analysts' estimates of 22 cents.  The shares closed near their 52 week high of 15 1/2 yesterday and should get a boost from the news in today's trading.

BAAN NV (BAANF, 8.63)- Shares of the enterprise resource planning software maker rose 8% in European trading after the company reported a loss of $19.1 million in its first quarter, compared to analysts' estimates of a $26 million loss.  Revenues fell 2% to $175.8 million.  The company expects industry conditions to remain difficult through the end of the year.  Baan also announced that it will provide Dutch telco giant Royal KPN with software solutions.   The shares of Baan, along with the other E.R.P. software makers represent good long term value at current levels.

BMC SOFTWARE (BMCS, 41.75)- The software maker reported fourth quarter earnings of 47 cents a share, compared to estimates of 45 cents.

CHRONIMED (CHMD, 5.63)- The medical company said it will explore strategic alternatives to increase shareholder value.   The company also announced third quarter earnings of 4 cents a share, one cent ahead of expectations.  Revenues jumped to $51.7 million from last year's $33.7 million.  The shares, trading near their 52 week low of 4 3/4, should get a boost in today's trading from the news.

CULLEN FROST BANKERS (CFR, 52.43)- The banking grup announced a 2 for 1 stock split, a $100 million stock buyback, and a 5 cent increase in its quarterly dividend to $0.35.

INTERFACE (IFSIA, 10.19)- The company missed first quarter earnings estimates by 5 cents a share, earning 11 cents in the quarter.  The company warned that weak carpet and fabric sales will cause full year earnings to come in at $0.65-$0.75 a share, compared to current estimates of $1.00.   The news will put added pressure on the shares, which are down from a 52 week high of 21 3/8, in today's trading.

MINDSPRING ENTERPRISES (MSPG, 116.31)-   The Internet company beat first quarter estimates by 3 cents a share, earning 16 cents a share in the quarter.  Revenues rose to $61.6 million in the quarter from $39.5 million last year.  The shares should get a boost from the better than expected results.

PCORDER.COM (PCOR, 74)- The e-commerce solutions provider reported a narrower than expected loss of 20 cents a share.   Revenues rose 70% to $7.7 million in the quarter.

AIRBORNE FREIGHT (ABF, 35.68)- The freight handler reported a 17% drop in first quarter earnings to 51 cents a share, 7 cents below analysts' estimates of 58 cents a share.  The company blamed the worse than expected results on a low growth rate in domestic shipments and severe weather.  The shares could come under pressure in today's trading.

AMAZON.COM (AMZN, 207.19)- The Internet based company announced that it is buying 3 Internet companies (Accept.com, Alexa Internet, and Exhange.com) for $645 million.

CHEAP TICKETS (CTIX, 41.75)- The company reported first quarter earnings of 5 cents a share, beating expectations of a breakeven quarter.  Revenues rose 87% in the quarter.  The shares gained 1 1/4 in after hours trading on the news.

CMS ENERGY (CMS, 41.25)- The company will join the S&P 500 on Friday.

EBAY (EBAY, 209)- The stock gained 4 1/2 in after hours trading after the online auctioneer reported earnings of 5 cents a share, beating expectations by 2 cents.  Revenues of the Internet giant surged to $34 million in the quarter.  Look for the Internet stocks to rally on the better than expected results.

HARTFORD FINANCIAL SERVICES (HIG, 59)- The insurer beat estimates by 4 cents in its first quarter, earning 95 cents a share.

KN ENERGY (KNE, 21.94)- The gas company warned that first quarter earnings will come in considerably below forecasts.  The company expects 13 cents a share, analysts were looking for 24 cents.  The company blamed warmer than normal weather and margin pressures for the expected  earnings shortfall.

READ RITE (RDRT, 6)- The disk drive component maker posted a much wider than expected second quarter loss of 39 cents a share. Revenues rose to $206 million from $187 million in the prior year's quarter.  The company also said it expects industry conditions to remain weak and warned that it will report a third quarter loss.  Read Rite plans to cut 2500 jobs as it attempts to adjust to slowing conditions.

BROADCOM (BRCM, 68.75)- The company will buy chip maker Epigram for 4.6 million shares of Broadcom stock in a $316 million deal.

FIRSTFED AMERICA BANCORP (FAB, 13)- The banking company earned 32 cents a share, beating analysts' fourth quarter estimates by 2 cents.  Earnings rose 78% in the quarter, and total assets increased 8.7% to $1.39 billion.

FUNDTECH (FNDTF, 36.75)- The company beat estimates by 2 cents a share, earning 16 cents in its first quarter.  Revenues jumped 161% in the quarter, and software license fees rose 128%.  Maintenance and service revenue increased 310% to $2.8 million in the quarter.

JABIL CIRCUIT (JBL, 41.56)- The company will join the S&P MidCap 400 after today's close.