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

 SEC FILINGS

BMC SOFTWARE (BMCS, 48.38)- The software maker beat estimates by 2 cents, earning 42 cents a share in its second quarter.  Revenues jumped 43% to $400.7 million in the quarter, with license revenues rising 47% and mainframe revenues increasing by 42%.

CIENA CORP (CIEN, 34.31)- The company will join the NASDAQ 100 on August 4th.

ELECTRONIC DATA SYSTEMS (EDS, 62.13)- The computer services company earned 44 cents a share in its second quarter, an increase of 13%, and a penny above expectations.  Revenues rose 10% to $4.6 billion in the quarter.  The company expects full year revenue growth to be 10%.

LAM RESEARCH (LRCX, 46.38)- The semiconductor equipment company reported fourth quarter earnings of 28 cents a share, beating estimates of a 12 cent profit.  Revenues rose 38% sequentially to $210.9 million.  The company said its book to bill ratio rose to 1.2 to 1 in the quarter.  Gross margins improved to 38.8% from last year's 35.5%.

NET OBJECTS (NETO, 7.06)- The maker of web design software reported a wider than expected third quarter loss of 30 cents a share.  Analysts were looking for a loss of 22 cents.  Revenues rose to $5.2 million from $4.8 million.

NOODLE KIDOODLE (NKID, 6.31)- The retailer warned that it will lose $0.28-$0.30 in its second quarter.  Analysts were looking for a loss of $0.15 a share.  The company blamed the shortfall on startup costs associated with a new Internet joint venture, and a "scarcity of Beanie Babies merchandise".

NORTEL NETWORKS (NT, 88.31)- The company announced a 2 for 1 stock split.

BRITISH TELECOM (BTY, 184.63)- The telecom disappointed with a less than expected 9% rise in first quarter profits to �536 million.  The shares are down 4.4% in London trading after the company announced plans to step up spending on ADSL technology.

COMPAQ COMPUTER (CPQ, 25.94)- The PC maker beat expectations by a penny, losing 10 cents a share in its second quarter.  The company announced that it would cut 6,000-8,000 jobs as part of a $700-$900 million restructuring plan.  Gross margin fell to 20.5% from 24.7% in the first quarter

DEUTSCHE TELECOM (DT, 41 )- The German telecom reported a 4.4% drop in first half profits and a 5% decline in revenues as lower tariffs took their toll on the company.  Analysts were looking for a 3.8% rise in profits.

GLAXO WELLCOME (GLX, 55.31)- The drugmaker reported a 8.4% rise in first half profits to 25.6 pence a share, beating analysts expectations, but warned that full year profit and revenue growth will fall short of its 10% plus targets. The company cited increased competition for two of its drugs and slower sales of its AIDS drug for the lowered expectations.  The shares are down 148 pence, or 8.3% on the LSE.  The news could put pressure on the shares of other drug stocks when N.Y. trading begins. 

SAWTEK INC (SAWS, 65.63)- The company announced a 2 for 1 stock split.

FOSTER WHEELER (FWC, 13.88)- The construction company reported second quarter earnings of 13 cents a share, compared to expectations of a 32 cent profit.  Revenues fell to $874 million from $1.05 billion, and unfilled orders slumped to $6.99 billion from $7.96 billion.  The company also announced a cut in its quarterly dividend to 6 cents a share, a broad based restructuring, and  an agreement with bondholders to exit from the operation of its Robbins Resource Recovery Facility.

IMMUNEX (IMNX, 117.13)- The biotech announced a 2 for 1 stock split.

MYLAN LABORATORIES (MYL, 26.88)- The drug manufacturer warned that lower than expected revenues and higher costs will cause first quarter earnings to fall short of analysts' expectations of 33 cents a share.

MYLEX CORP (MYLX, 10.25)- IBM will acquire the maker of RAID adapters for $12 a share in a $240 million deal.

NORTEL NETWORKS (NT, 84.63)- The telecom equipment maker beat estimates by 5 cents, earning 55 cents a share in its second quarter.  Revenues jumped 30% to $5.41 billion.

REVLON INC (REV, 22.25)- The cosmetics giant earned 11 cents a share excluding charges in its second quarter, compared to analysts expectations of a 32 cent profit.  Sales fell to $553.4 million from last year's $575.3 million.  the company cited competition in the U.S., economic uncertainty, and currency fluctuations for the weaker than expected results.  Revlon said that increased promotional spending in the second half will cause full year operating earnings to fall short of current estimates.

THESTREET.COM (TSCM, 31.75)- The Internet financial news web site reported a narrower than expected loss of 30 cents a share excluding charges in its second quarter.  Analysts were looking for a 37 cent loss. Revenues in the quarter rose to $3.3 million.

BENCKISER N.V. (BNV, 55.88)- The company has agreed to be bought by the U.K.'s Reckitt & Colman Plc.  Benckiser shareholders will receive 5 shares of Reckitt & Colman for each BNV share held.  The new company will be called Reckitt Benckiser and will be the world's largest maker of household cleaning products.

COX COMMUNICATIONS (COX, 38.81)- The Wall Street Journal is reporting that the company plans to buy Gannett's cable TV assets for $2.7 billion.

EBAY INC (EBAY, 104.38)- The auctioneer beat estimates by a penny, earning 4 cents a share in its second quarter, a 20% decrease from last year's 5 cents.  Revenues rose 154% to $19.5 million in the quarter.  The company said registered users grew 46% sequentially to 5.6 million. Gross margins fell to 78% from 83%.  After an initial 5 1/2 point gain on the news in after hours trading, the shares reversed and fell to 99 3/4.

GUESS? (GES, 14.94)- The apparel maker earned 16 cents a share in its second quarter, 4 cents ahead of analysts' estimates.  Revenues in the quarter rose 21.9% to $119.6 million.  Same store sales rose 30.9% in the quarter.

JDS UNIPHASE (JDSU, 158.13)- The fiberoptic component maker reported fourth quarter earnings of 48 cents a share, beating estimates by 7 cents.

MACROVISION (MVSN, 76.06)- The company beat estimates by 2 cents, earning 23 cents a share in its second quarter.  Revenues rose 42% to $8.1 million in the quarter.  The company also announced a 2 for 1 stock split.

DISNEY, WALT (DIS, 26.81)- The company received a favorable mention in this weekend's Barron's, with a 12 month target of $43.

HOST MARRIOTT SERVICES (HMS, 9.75)- The company beat estimates by 5 cents, earning 19 cents a share in its second quarter.  Revenues increased 8% to $350 million in the quarter. MONDAY: The company has agreed to be acquired by Italy's Autogrill for $15.75 per share in cash.

ROBERTS PHARMACEUTICALS (RPC, 25)- The drug maker will merge with the U.K.'s Shire Pharmaceuticals Group Plc in a $1 billion merger that values each RPC share at approximately U.S. $30.71.

SEACOR SMIT (CKH, 53.75)- The company earned 51 cents a share in its second quarter, compared to analysts' expectations of 82 cents.  Revenues in the quarter fell to $68.5 million from $95.7 million last year.

UNISTAR FINANCIAL SERVICES (UAI, 27.63)- The company has cancelled a planned 2 for 1 stock split after the American Stock exchange suspended trading in its shares pending a review.