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

 SEC FILINGS

ADVANCED MICRO DEVICES (AMD, 28.64)- The chipmaker said its second quarter revenues fell 17% sequentially to $985 million.  Analysts were looking for revenues of $1.1 billion in the quarter.  The company warned that it sees second quarter earnings of $0.03-$0.05 per share, compared to analysts estimates of 27 cents.  The company attributed the shortfall to weaker than expected demand for flash memory devices, and competitive pricing pressures in its PC processor unit.  The shares are down 5.03 in pre-open trading on the news.

BMC SOFTWARE INC (BMC, 22.75)- The mainframe software maker warned that its fiscal first quarter earnings will fall short of expectations due to weak economic conditions.  The company now sees revenues of $338-$345 million, and earnings of $0.06-$0.08 per share.  Analysts were looking for earnings of 13 cents.

LUMINENT INC (LMNE, 3.77)- The maker of fiber optic components warned that its second quarter revenues will fall short of expectations due to continued weakness in the communications industry.  The company now sees revenues of $41 million, compared to analysts' estimates of $46 million.  The company sees earnings in line with expectations of $0.02 per share.

STEIN MART INC (SMRT, 9.96)- The off-price apparel retailer warned that its second quarter results will fall short of expectations.  The company said it sees revenues of $321 million and earnings of $0.25-$0.27 per share, compared to analysts' estimates of revenues of $327 million and earnings of 37 cents.  The company said same store sales rose 1.5% in the quarter, below its expectations.  The company sees full year earnings flat with last year's $0.86 per share, compared to analysts' estimates of $1.00.

TEKELEC (TKLC, 24.85)- The maker of telecom equipment warned that its second quarter results will fall short of expectations due to the effects of slower economic activity.  The company now sees revenues of $70-$71 million and earnings of $0.02-$0.03 per share, compared to analysts' estimates of revenues of $91 million and earnings of 16 cents.

FILENET CORP (FILE, 14.00)- The maker of e-business software warned that its second quarter revenues will fall short of previous guidance due to global economic weakness and reductions in corporate IT budgets.  The company now sees revenues of $80-$82 million, compared to previous estimates of $84-$87 million.  The shares are down 0.75 in pre-open trading on the news.

KNIGHT TRADING GROUP INC (NITE, 10.21)- The NASDAQ market maker warned that its second quarter earnings will fall short of previously lowered guidance.  The company now sees earnings of $0.07-$0.10 per share, compared to previous guidance of $0.15-$0.20.  The shares are down 0.57 in pre-open trading on the news.

LIQUIDATION WORLD INC (LIQWF, 6.20)- The operator of consumer merchandise liquidation outlets and auctions said its third quarter revenues rose 6% to $42 million.

OCE NV (OCENY, 10.69)- The provider of document printing systems said its second quarter revenues slipped 1% to euro 809 million.  Second quarter net income fell 37% to euro 25.1 million (euro 0.28 per share) from last year's euro 0.47 per share.

PARAMETRIC TECHNOLOGY CORP (PMTC, 12.37)- The developer of technology products warned that its second quarter results will fall short of expectations.  The company now sees revenues of $228-$230 million and earnings of $0.02-$0.04 per share, compared to analysts' estimates of earnings of eight cents and revenues of $240 million.  The shares are down 2.38 in pre-open trading on the news.

PF CHANG'S CHINA BISTRO INC (PFCB, 37.75)- The restaurant operator said its second quarter revenues jumped 43% to $76.5 million, above analysts' estimates of $73 million.  Same restaurant sales increased 3.4% in the quarter.  The company said it sees third quarter revenue growth of 26%-30%.  The shares are up 0.40 in pre-open trading on the news.

PHILIPS ELECTRONICS (PHG, 27.02)- The electronics maker agreed to acquire Marconi Medical Systems for $1.1 billion.

SUPPORT.COM INC (SPRT, 6.00)- The maker of support automation software warned that its second quarter results will fall short of expectations.  The company now sees revenues of $6.2-$6.6 million, and expects to report a loss of ($0.22)-($0.24) per share.  Analysts were looking for revenues of $9.9 million, and a loss of 18 cents in the quarter.  The company now sees full year revenues of $32.7 million-$34 million, compared to analysts' estimates of $43 million.  The company attributed the lowered outlook to "delayed IT expenditures" by its customers.

TUESDAY MORNING CORP (TUES, 11.63)- The operator of discount closeout gift stores said its second quarter revenues rose 11.8% to $148.3 million, in line with expectations.  Same store sales increased 1.15 in the quarter.

U.S. MARKET HOLIDAY

DUPONT & CO (DD, 48.12)- The chemicals maker warned that its second quarter earnings will fall short of expectations due to weakening global economic conditions and the strength of the U.S. dollar.  The company now sees earnings of $0.35-$0.45 per share, compared to analysts' estimates of 53 cents.  The shares fell 1.00 in after hours trading on the news.

ELECTROGLAS (EGLS, 17.55)- The semiconductor equipment maker warned that its second quarter revenues will fall short of expectations due to the current  sharp downturn in the global semiconductor industry.  The company now sees revenues of $22-$24 million, compared to analysts' estimates of $28 million.

INTERNET SECURITY SYSTEMS (ISSX, 50.17)- The maker of Internet security management products warned that its second quarter results will fall short of expectations due to continued economic weakness.  The company now sees revenues of $50-$52 million, and expects to report earnings of ($0.02)-$0.00 per share.  Analysts' were looking for revenues of $66 million and a profit of 15 cents.  The shares tumbled 17.07 in after hours trading on the news.

MULTEX.COM INC (MLTX, 16.01)- The provider of investment information products warned that its second quarter and full year results will fall short of expectations.  The company now sees second quarter revenues of $24 million, and expects to report a loss of $1 million.  Analysts were looking for revenues of $30 million and a profit of 10 cents per share.  The company attributed the shortfall to "current economic conditions".  The company said it will close its Sage Online business, and announced a 15% workforce reduction.  The shares fell 0.48 in after hours trading on the news.

NATIONAL INSTRUMENTS (NATI, 32.01)- The maker of measurement instruments and automated test equipment warned that its second quarter results will fall short of expectations due to deteriorating economic conditions.  The company reported preliminary revenues of $98 million, and said it sees earnings of 18 cents per share.  Analysts were looking for revenues of $108 million and earnings of 27 cents.  The shares fell 2.01 in after hours trading on the news.

PC CONNECTION INC (PCCC, 15.45)- The computer products direct marketer warned that its second quarter earnings will fall short of expectations.  The company now sees earnings of $0.05-$0.07 per share, compared to analysts' estimates of 15 cents.  The company said it expects revenues to slip to $296 million from the first quarter's $302 million.

RATIONAL SOFTWARE INC (RATL, 27.40)- The maker of application development software warned that its second quarter revenues will fall short of expectations.  The company now sees revenues of $172-$176 million, compared to analysts' expectations of $187 million.  The shares fell 3.65 in after hours trading on the news.

RSA SECURITY INC (RSAS, 30.39)- The maker of electronic security software will join the S&P MidCap 400 Index after Friday's close.

AWARE INC (AWRE, 9.00)- The maker of DSL equipment warned that its second quarter earnings will fall short of expectations due to weak telecom industry conditions.  The company now sees revenues of $3.8-$4.0 million and breakeven earnings, compared to analysts' estimates of revenues of $5.2 million and earnings of one cent.

EASTMAN CHEMICAL CO (EMN, 47.63)- The chemicals maker warned that its second quarter earnings will fall short of expectations.  The company now sees earnings of $0.53-$0.57 per share, compared to analysts' estimates of 69 cents.  The company attributed the shortfall to economic weakness in the U.S. and Europe.

RADVISION LTD (RVSN, 6.19)- The maker of Internet-based real-time voice and video products warned that its second quarter results will fall short of expectations due to a sharp slowdown in communications capital equipment spending.  The company now sees revenues of $10.2-$10.4 million, compared to previous guidance of $11.5-$12.5 million.  The company expects to report a loss of ($0.04)-($0.05) per share, compared to analysts' estimates of a breakeven quarter.  The company said it will reduce its workforce by 13%-14%, and impose a 5%-10% salary cut on its remaining employees.

SARA LEE CORP (SLE, 18.94)- The maker of branded consumer packaged goods has agreed to acquire baked goods maker Earthgrains Company (EGR, 26.00 ) for $40.25 per share, a 55% premium to Friday's closing price, in a $2.8 billion all-cash deal.  The company expects the deal to be $0.04 per share accretive to this year's cash earnings.
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