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TECHNICAL ANALYSIS 

 SEC FILINGS

AVNET INC (AVT, 18.48 )- The distributor of semiconductors and computer equipment warned that its first quarter results will fall short of expectations.  The company sees revenues falling 31%, and 13% sequentially to $2.2 billion.  Analysts were looking for revenues of $2.4 billion.  The company now sees a loss of ($0.17)-($0.20) per share, compared to analysts' expectations of a breakeven quarter.

EQUITY OFFICE PROPERTIES (EOP, 31.23)- The REIT will join the S&P 500 Index after next Tuesday's close.

LUBRIZOL CORP (LZ, 32.56)- The chemicals maker warned that it sees third quarter earnings of approximately 45 cents per share, compared to analysts' estimates of 55 cents.

PAXAR CORPORATION (PXR, 13.15)- The maker of tracking systems for retailers warned that its third quarter results will fall short of expectations due to a "sharp slowdown in the retail and apparel industries".  The company now sees earnings of $0.12-$0.14 per share, compared to analysts' estimates of 22 cents.

VALASSIS COMMUNICATIONS (VCI, 31.56)- The provider of marketing services warned that its third and fourth quarter earnings will fall short of expectations due to a continued weakening of the advertisement market.  The company now sees earnings in both quarters falling in the range of $0.50-$0.54 per share, compared to analysts' estimates of third quarter earnings of 58 cents and fourth quarter earnings of 61 cents.

WEBMETHODS INC (WEBM, 7.10)- The maker of integration software warned that its second quarter results will fall short of expectations.  The company now sees revenues of $41 million, and expects to report a loss of ($0.16)-($0.17) per share.  Analysts were looking for a loss of seven cents per share.

APPLEBEES INTERNATIONAL (APPB, 29.74 )- The operator of casual dining restaurants said its system-wide September same restaurant sales rose 2.4%.  The company also warned that it sees third quarter earnings of $0.43-$0.44 per share, compared to analysts' estimates of 46 cents.

NORTEL NETWORKS (NT, 5.29)- The telecom equipment maker warned that its third quarter results will fall short of expectations due to continued weak industry conditions.  The company now sees revenues of $3.5 billion and a loss of $910 million, compared to analysts' estimates of a loss of 21 cents per share and revenues of $4 billion.

TMP WORLDWIDE INC (TMPW, 27.38)- The owner of Internet job search site Monster.com warned that its third quarter results will fall short of expectations due to continued economic weakness and the effects of the recent terrorist attacks.  The company now sees earnings of $0.34-$0.36 per share, compared to analysts' estimates of 43 cents.  The company sees full year earnings of $1.08-$1.12 per share, compared to analysts' estimates of $1.33.

ABERCROMBIE & FITCH (ANF, 16.60)- The apparel maker and retailer warned that its third quarter earnings will fall short of expectations due to below forecast September sales.  The company now sees earnings of 43 cents, compared to analysts' estimates of 44 cents.

CLARUS CORPORATION (CLRS, 3.70)- The maker of B2B e-commerce software warned that its third quarter revenues will fall short of expectations.  The company now sees revenues of $2.8-$3.0 million, compared to analysts' estimates of $5.9 million.  The company sees a narrower than expected loss of ($0.59)-($0.61) per share, compared to analysts' estimates of a loss of 65 cents.

COMPAQ COMPUTER CORP (CPQ, 8.33)- The computer maker warned that its third quarter earnings will fall short of expectations.  The company now sees revenues declining 12% sequentially to $7.4-$7.5 billion, and expects to report a loss of ($0.05)-($0.07) per share.  Analysts were looking for revenues of $8.2 billion and a profit of five cents.  The company also said it will take a $500 million non-cash third quarter charge to write down the value of its investment in beleaguered Internet holding company CMGI.

KANA SOFTWARE INC (KANA, 0.37)- The maker of CRM software warned that its third quarter results will fall short of expectations.  The company now sees revenues of $17-$20 million and a loss of ($0.18)-($0.20) per share.  Analysts were looking for revenues of $36 million and a loss of nine cents.  The company said it sees fourth quarter revenues of $24 million and breakeven earnings, compared to analysts' estimates of revenues of $38 million and a loss of six cents.

MCGRAW-HILL COMPANIES (MHP, 56.90)- The publisher warned that its third quarter and full year results will fall short of expectations due to slowing economic conditions.  The company sees third quarter revenues of approximately $1.5 billion and earnings of $1.25-$1.28 per share, compared to analysts' estimates of revenues of $1.7 billion and earnings of $1.34.  The company sees full year earnings of $2.50-$2.55 per share, compared to analysts' estimates of $2.62.

PULITZER INC (PTZ, 43.46)- The publisher warned that its third quarter earnings will fall short of expectations due to weakening advertising demand.  The company now sees earnings of $0.03-$0.08 per share, compared to analysts' estimates of 26 cents.

ROBERT HALF INTERNATIONAL (RHI, 20.00)- The provider of professional staffing services warned that its third quarter results will fall short of expectations due to a sharp downturn in the demand for permanent placement services and temporary staffing positions.  The company now sees revenues of $555-$570 million and earnings of $0.12-$0.13 per share, substantially below analysts' estimates of revenues of $744 million and earnings of 17 cents.

ADVANCEPCS (ADVP, 71.78)- The provider of health improvement services announced a 2 for 1 stock split.

DIGITAL IMPACT INC (DIGI, 0.88)- The provider of enterprise online direct marketing solutions warned that its second quarter results will fall short of expectations due to weakening economic conditions.  The company now sees revenues of $8.0-$8.5 million and a loss of ($0.21)-($0.25) per share, compared to analysts' estimates of revenues of $12 million and a loss of 18 cents.

FOUNTAIN POWERBOAT INC (FPWR, 2.00)- The maker of leisure boats reported a full year loss of 19 cents per share, compared to last year's profit of 27 cents.  Full year revenues slumped 19.3% to $46 million.  Gross margins fell to 13.5% from last year's 19.8%.

KIRBY CORPORATION (KEX, 22.50)- The operator of inland tank barges and towing vessels raised its third quarter earnings guidance.  The company now sees earnings of $0.45-$0.47 per share, compared to analysts' estimates of 43 cents.  The company attributed the improved outlook to higher volumes and higher spot market rates.