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THIS MORNING'S STOCKS
WEEK OF 6/26/00-6/30/00 |
6/30/00 |
ARGOSY GAMING (AGY,
17.81)- The casino operator warned that second quarter earnings will
fall short of expectations. The company now sees earnings of
$0.37-$0.40 per share in the quarter, compared to analysts' estimates of
45 cents.
HERCULES INC (HPC, 14.38)- The
specialty chemicals maker warned that second quarter earnings will fall
short of expectations. The company now sees earnings in the
"low to mid 20 cents per share range". Analysts were
looking for the company to earn 41 cents in the quarter. The company
attributed the shortfall to weakness in its Process Chemicals business.
OMNIS TECHNOLOGY CORP (OMNS, 7)-
The maker of RAD software tools said fourth quarter revenues fell to $1.31
million from last year's $1.6 million. The company reported a loss
of 17 cents per share in the quarter, compared to last year's profit of 15
cents.
PLANTRONICS INC (PLT, 106.38)-
The maker of communications headseats announced a 3 for 1 stock split.
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6/29/00 |
CABLETRON SYSTEMS INC (CS, 22)- The
networking company met estimates as it reported a first quarter loss of
two cents per share. Revenues from continuing operations improved to
$218.5 million from last year's $203.6 million.
DEL MONTE FOODS CO (DLM 8.38)-
The fruit and vegetable producer warned that fourth quarter earnings will
fall short of expectations. The company now sees earnings of
$0.20-$0.24 per share, compared to analysts' expectations of 30
cents. The company said full year sales are likely to drop 3% from
last year's levels.
GANNETT CO (GCI, 58.94)- The
newspaper publisher has agreed to acquire Central Newspapers (ECP,
64.25), a publisher of 15 newspapers in Arizona and Indiana, for $2.6
billion in an all-cash deal. Under the terms of the deal, holders of
Central Newspaper's class A shares will receive $64 in cash for each share
held. Gannett expects the deal to be accretive to this year's cash
earnings.
GCI
ECP
ION NETWORKS INC (IONN, 4.19)-
The maker of Internet security products warned that first quarter revenues
will fall short of expectations. The company now sees revenues
tumbling to $2 million in the quarter from last year's $4.9 million.
PALM INC (PALM, 26.38)- The maker
of handheld computers beat estimates by three cents as fourth quarter
earnings rose to three cents per share from last year's one cent.
Revenues jumped 101%, and 29% sequentially, to $350.2 million in the
quarter.
PMC-SIERRA INC (PMCS, 183.03)-
The maker of communications semiconductors has agreed to acquire DSP
chipmaker Datum Telegraphic for 681,000 PMCS shares in a $124.6 million
all-stock deal.
THE FINISH LINE INC (FINL, 7)-
The footwear and apparel retailer beat estimates by a penny as it reported
flat first quarter earnings of 15 cents per share. Revenues rose 11%
to $146.7 million in the quarter, but same store sales slipped 1%.
WD-40 COMPANY (WDFC, 21.06)- The
maker of multi-purpose lubricants and Lava soap missed estimates by three
cents as third quarter earnings increased 6.7% to 32 cents per
share. Revenues rose 14.4% to $38.3 million in the quarter, but
European sales fell 11%. The company warned that it is unlikely to
achieve its target of recording record earnings for the year.
Analysts were looking for full year earnings of $1.45 per share.
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6/28/00 |
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6/27/00 |
ACTIVE VOICE CORP (ACVC, 7.94)- The
maker of messaging products warned that first quarter earnings will fall
short of expectations due to slow telecom equipment industry sales.
The company now sees a loss of ($0.50)-($0.60) per share in the
quarter. Analysts were looking for the company to lose 14
cents. The shares tumbled 1.44 in after hours trading on the news.
ARIBA INC (ARBA, 92.19)- The B2B
software maker has agreed to acquire B2B collaborative sourcing solutions
provider SupplierMarket.com for 6.3 million shares in a $581 million in an
all-stock deal. Ariba shares dipped 2.19 in after hours trading on
the news.
DANA CORP (DCN, 21)- The auto
parts maker warned that second quarter earnings will fall short of
expectations. The company now sees earnings of $1.00-$1.03 per
share. Analysts were looking for the company to earn $1.14.
The company attributed the shortfall to weakness in the North American
auto after market industry. Separately, the company said it plans to
sell its Mr. Gasket Performance Group unit.
HARMONICS INC (HLIT, 40.19)- The
maker of broadband products warned that second quarter earnings and
revenues will fall short of expectations. The company now sees
revenues of $74-$82 million and earnings of $0.12-$0.16 per share,
compared to analysts' expectations of 28 cents. The company
attributed the shortfall to lower spending by satellite operators, slower
than expected sales to cable operators, and lower sales to AT&T.
The shares fell 32.5% in after hours trading to 27.13 on the news.
KULICKE & SOFFA (KLIC, 60)-
The semiconductor equipment maker announced a 2 for 1 stock split.
MOORE CORP (MCL, 3.06)- The
business forms maker warned that second quarter earnings will fall short
of its previous estimates. The company now sees a loss of greater
than 10 cents per share in the quarter.
QWEST COMMUNICATIONS (Q, 52.94)-
The telecom will join the S&P 500 Index on an as yet undetermined
date.
SYBRON INTERNATIONAL (SYB, 29.56)-
The maker of laboratory supplies warned that third and fourth quarter
earnings will fall short of expectations. The company now sees third
quarter earnings of 33 cents per share, compared to analysts expectations
of 37 cents.
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6/26/00 |
LILLIAN VERNON CORP (LVC, 9.88)- The
specialty catalog retailer said its first quarter loss narrowed to 18
cents per share from last year's loss of 28 cents. Revenues rose
20.8% to $35.2 million in the quarter.
NAUTICA ENTERPRISES (NAUT, 9.06)- The
apparel maker said its CFO has resigned in order to pursue other
interests.
PHILIP MORRIS CO (MO, 23.43)- The
tobacco and food maker has agreed to acquire Nabisco Holdings Corp (NA,
51.63) for $55 per share in an $18 billion deal. The company
will merge Nabisco into its Kraft Foods unit, and said it plans an early
2001 IPO of Kraft. The company said the deal will be accretive to
2002 earnings, and will be accretive to current cash earnings.
MO
NA
R.J. REYNOLDS TOBACCO (RJR, 26.88)-
The tobacco maker has agreed to acquire Nabisco Group Holdings (NGH,
25.56) for $9.8 billion in an all-cash deal. Under the terms of
the agreement, NGH shareholders will receive $30 per share in cash.
SARA LEE CORP (SLE, 18.13)- The
food maker received a favorable mention in this weekend's Barron's.
An analyst sees the stock hitting $25.
UNITED PAN-EUROPE COMMUNICATIONS (UPCOY,
26.81)- The provider of broadband services has agreed to take a 25%
economic stake in U.K. cable operator Telewest Communications plc.
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