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

 SEC FILINGS

4FRONT TECHNOLOGIES (FFTI, 15.06)- The provider of IT help desk services met expectations as its first quarter earnings fell to one cent per share from last year's 17 cents.  Revenues inched up to $58.1 million from last year's $57.3 million.

CENTRAL GARDEN & PET (CENT, 12)- The maker of lawn, garden, and pet supplies said it plans to spin-off its lawn and garden distribution business in July.

GREAT PLAINS SOFTWARE (GPSI, 40.38)- The maker of accounting and human resource software warned that fourth quarter earnings and revenues will fall short of expectations.  The company now sees earnings of $0.05-$0.10 per share, compared to analysts' expectations of 32 cents.  The company attributed the shortfall to a slower than expected recovery from a Y2K related slowdown.

MERIX CORP (MERX, 31.88)- The circuit board maker said it expects to beat analysts' fourth quarter expectations.  The company now sees fourth quarter revenues of $46.2 million and earnings of $0.45-$0.47.  Analysts were looking for the company to earn 28 cents in the quarter.  The company attributed the upward revision to higher selling prices and a better product mix.

OHIO ART CO (OAR, 7)- The maker of Etch a Sketch toys reported a first quarter loss of $1.61 per share, compared to last year's first quarter profit of 28 cents.  Revenues slipped to $9.1 million from last year's $10.5 million.  The company attributed the loss to higher "overhead costs".

OROAMERICA INC (OROA, 6.81)- The maker of gold and silver jewelry said first quarter earnings rose to 12 cents per share from last year's seven cents.  Revenues were essentially flat at $37.6 million.

REMEC INC (REMC, 47)- The maker of wireless products announced a 3 for 2 stock split.

TROY FINANCIAL CORP (TRYF, 9.75)- The bank holding company has agreed to acquire Catskill Financial Corp (CATB, 18) in a $90 million all-cash deal.  Under the terms of the agreement, Catskill shareholders will receive $23 per share in cash for each CATB share held.  The company expects the deal to be accretive to earnings within a year.
TRYF
CATB

BLOCK DRUG CO (BLOCA, 27)- The maker of denture care products and OTC medicines said fourth quarter earnings rose to 69 cents per share from last year's 62 cents.  Revenues increased 2.6% to $239.1 million in the quarter.  Excluding currency effects, revenues rose 6.6%.  The company said it has hired an investment banker to explore strategic alternatives to enhance shareholder value.

METHODE ELECTRONICS (METHA, 50)- The contract electronics manufacturer beat estimates by a penny as fourth quarter earnings rose 8% to 27 cents per share.  Revenues increased 5.1% to $117.2 million in the quarter.  The company said sales of its fiber optic products jumped 85% in the quarter.

MITEL CORP (MLT, 19.94)- The maker of communications systems and semiconductors has agreed to acquire chipmaker Vertex Networks Inc in exchange for 11 million shares in a $219 million deal.  The company expects fiscal 2001 earnings to be diluted by 20 cents as a result of the deal.

SAMSONITE CORP (SAMC, 5)- The luggage maker said its first quarter loss narrowed to 51 cents per share from $1.03 per share last year.  Revenues increased 9.4% to $192.4 million, with U.S. sales rising 14%.

VARIAN MEDICAL SYSTEMS (VAR, 41.75)- The maker of cancer therapy systems has agreed to acquire oncology software maker IMPAC Medical Systems for 3 million shares of its stock in a deal valued at $135 million.  Varian sees the deal adding three cents per share to 2001 earnings.

BEBE STORES (BEBE, 9)- The women's apparel retailer said May same store sales tumbled 20%.  May total sales fell 10.2% to $17.7 million.

CONVERGYS CORP (CVG, 48)- The provider of outsourced customer care services will join the S&P 500 Index after the close on June 12th.

ELECTRONICS FOR IMAGING (EFII, 35)- The software maker warned that second quarter earnings will fall short of expectations.  The company now sees earnings of $0.38-$0.40 per share, compared to analysts' expectations of 51 cents.  The company also announced a $100 million stock buyback.  The shares are down 13.38 in pre-open trading on the news.

STARBUCKS INC (SBUX, 36)- The coffee restaurant operator will be added to the S&P 500 Index after Wednesday's close.  The shares are up 3.75 in pre-open trading on the news.

BASSETT FURNITURE INDUSTRIES (BSET, 12.75)- The furniture maker warned that second quarter earnings will fall short of expectations.  The company now sees earnings of $0.37-$0.38 per share, compared to analysts' expectations of 42 cents.  The company attributed the shortfall to the installation of a new computer system and a recent slowdown in sales.

CMGI INC (CMGI, 58.50)- The company's AltaVista subsidiary is reportedly planning an $899 million initial public offering of shares in its AltaVista Europe unit, according to London's Sunday Times.

LENNAR CORP (LEN, 19.68)- The homebuilder said May orders for new homes rose 40.2% to 1,772.

MESABA HOLDINGS INC (MAIR, 11.68)- The airline said its May passenger load factor increased to 59.6% from last year's 56.6%.

OFFSHORE LOGISTICS INC (OLOG, 13.56)- The oil services company beat estimates by a penny as fourth quarter earnings rose to 14 cents per share from last year's breakeven results.  Revenues slipped 3.2% to $102.5 million in the quarter.