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

 SEC FILINGS

CALPINE CORP (CPN, 47.5)- The power company beat estimates by 10 cents as third quarter earnings rose 37% to 74 cents per share.  Third quarter revenue increased 42% to $263.6 million.

CNET INC (CNET, 53.56)- The Internet media company reported a wider than expected third quarter loss of 35 cents per share.  Analysts were looking for a loss of 32 cents.  The company earned two cents per share in last year's third quarter. Revenue rose 93% to $28.4 million in the quarter.  The company attributed the earnings decline to increased marketing expenses.

EASTMAN CHEMICAL (EMN, 36.68)- The chemical producer met expectations as it earned 35 cents per share in its third quarter, a drop from last year's $1.14.  Revenues rose 5% to $1.19 billion in the quarter.  The company said its bottom line was impacted by a 40% rise in the price of propane during the third quarter.

ELECTRONIC ARTS (ERTS, 69.88)- The entertainment software company beat estimates by three cents as second quarter earnings increased 65% to 28 cents per share.  Revenues rose 38% to $339 million in the quarter.  The company said holiday season sales have been strong.

GILLETTE CO (G, 37.88)- The consumer products company met expectations as it earned 32 cents per share in its second quarter.  Revenues fell $22 million to $2.509 billion in the quarter.  The shares fell 4 points in after hours trading after Gillette warned that planned inventory reductions will result in the company missing fourth quarter earnings and revenues projections.  The company sees revenues declining "in the mid-single digits" and earnings falling 15%-19%.

IXC COMMUNICATIONS (IIXC, 41.68)- The fiber optic network operator reported a wider than expected third quarter loss of $2.29 per share, compared to expectations of a loss of $2.16.  Revenue fell 8% to $170 million in the quarter.

SAPIENT CORP (SAPE, 101.38)- The provider of Internet consulting services beat estimates by a penny, earning 29 cents per share in its third quarter.  Revenues rose 70% to $73 million in the quarter.  The company announced plans for a two for one stock split, and said it had filed a registration statement for an offering of 3.5 million shares.

SYBASE INC (SYBS, 11.06)- The database software maker beat estimates by six cents as it earned 20 cents per share in the third quarter.  Revenue rose $5.9 million to $216.1 million in the quarter.

CENDANT CORP (CD, 16.25)- The consumer services company beat estimates by a penny as it earned 31 cents per share (from continuing operations) in the third quarter. Revenues rose 12% to $1.22 billion in the quarter.  The company also announced a $1 billion stock buyback plan.

COLGATE-PALMOLIVE CO (CL, 54)- The consumer products company beat estimates by a penny as third quarter earnings rose 15% to 38 cents per share.  Revenues rose 2% to $2.3 billion, and gross profit margin increased to 54.2% from 52.6%.

GATEWAY INC (GTW, 52)- The PC maker beat estimates by a penny as third quarter earnings rose 38% to 35 cents per share.  Revenues increased 20% to $2.18 billion in the quarter, unit shipments climbed 39%, and non-pc revenues increased to 15% of total revenues.  The company attributed the better than expected results to strong sales during the back to school season.

HCC INSURANCE HOLDINGS (HCC, 8.5)- The insurer warned that full year earnings will be below expectations.  The company sees earnings of $1.20 per share, analysts were looking for $1.47.  HCC blamed deteriorating conditions in its aviation and property underwriting businesses.

IKON OFFICE SOLUTIONS (IKN, 9.63)- The supplier of copier and printing systems warned that fourth quarter earnings will be $0.13-$0.15, compared to analysts' estimates  of 22 cents per share.  the company attributed the lowered expectations to slow conditions in its technology services and document services businesses.

INTERNATIONAL BUSINESS MACHINES (IBM, 107)- The company met expectations of third quarter earnings of 90 cents per share. Shares of the computer giant fell 5 3/8 in late composite trading after it warned that fourth quarter earnings would be 15%-20% below last year's $1.24 per share due to a Y2K related slowdown in hardware sales.  Analysts were looking for the company to earn $1.33 in the quarter.  The company said it sees the slowdown lasting into the first quarter, and sees earnings of $0.78 or below in the first quarter, compared to analysts' expectations of $0.90.  The shares, which ended at $107 in NYSE composite trading, are currently trading at 100 1/2 in London.

ORANGE PLC (ORNGY, 115.63)- The cell phone service provider has agreed to be acquired by Mannesmann AG in a $36 billion cash and stock deal.  The shares are up 51 pence in early London trading on the news.

PHILIPS NV (PHG, 93.81)- The electronics company beat expectations as it earned 374 million euros in its third quarter, compared to estimates of a profit of 320 euros.  Revenues increased 6% in the quarter. 

EXCITE@THOME (ATHM, 40.63)- The broadband service and Internet portal met expectations of a one cent loss in its third quarter.  Revenues increased 95% to $113 million in the quarter.  Page views on the company's Excite portal web site increased 10% sequentially to 89 million per day. The company said it expects to be profitable in the fourth quarter. The shares rose 1 3/8 in after hours trading on the results.

FUNCO INC (FNCO, 19.63)- The used video game retailer beat estimates by five cents as it earned 11 cents per share in its second quarter, an increase of 22.2% from the prior year.  Revenues rose 49% to $52.66 million in the quarter, and same store sales jumped 32%.  The company said it expects the video game market to be strong during the second half of the year.

INTELLIGENT LIFE (ILIF, 4.19)- The operator of Bankrate.com and other web sites said it will seek strategic alternatives to enhance shareholder value.  The company has hired Wit Capital as an advisor.

MICROSOFT CORP (MSFT, 86.31)- The software giant beat fiscal first quarter estimates by four cents as it earned 38 cents per share, excluding a one time gain, in the quarter.  Revenue increased 28% to $5.38 billion in the quarter.  The shares rose 4 points in after hours trading on the news.  The company said it expects second quarter earnings to be three cents above current expectations.

CLARIFY INC (CLFY, 45.31)- The eBusiness software maker has agreed to be acquired by Nortel Networks (NT, 52.38) for approximately $68.50 per share in a $2.1 billion deal.  Under the terms of the agreement, Clarify shareholders will receive 1.3 shares of Nortel for each Clarify share held.  In a separate release, Clarify said it expects to beat analyst's current third quarter estimates of 26 cents per share.

COMPUWARE CORP (CPWR, 24.5)- The maker of productivity software beat expectations by three cents as second quarter earnings, excluding charges, climbed to 28 cents per share rom last year's 18 cents.  Revenues increased 55% over last year's second quarter to $568.1 million.  The company said software license fees rose 56.7% in the quarter.

DELL COMPUTER (DELL, 41.31)- The PC maker's shares are down 3 1/4 in European trading after it warned that a surge in memory chip prices in the wake of last month's Taiwan earthquake will impact third quarter profit margins and earnings.  Analysts had been looking for earnings of 20 cents per share in the quarter.  The news has sent NASDAQ 100 futures skidding 25.50 points in early morning trading.

GIBRALTER STEEL (ROCK, 24)- The metal processing company beat estimates by four cents as third quarter net income increased 40% to 56 cents per share.  Revenues rose 7% to $162.9 million in the quarter.

MARTHA STEWART LIVING OMNIMEDIA (MSO,-)- The media company's IPO was priced at $18 a share.  Trading is scheduled to begin today.

UNIVISION INC (UVN, 80.81)- The largest Spanish language TV broadcaster beat estimates by four cents, earning 19 cents per share in its third quarter. Revenues rose 28% to $177.3 million in the quarter.

WEBTRENDS CORP (WEBT, 39.13)- The Internet software maker beat estimates by two cents as third quarter earnings rose to six cents a share from last year's $0.01.  Revenues increased 152% (33% sequentially) to $5.3 million in the quarter.

ASHANTI GOLDFIELDS (ASL, 4.63)- Lonmin Plc has lowered its offer to acquire the gold miner to $5.95 per share.  Lonmin's previous offer had valued Ashanti at $7.50 per share.

CONSOLIDATED GRAPHICS (CGX, 29.75)- The printing company warned that second quarter earnings will be $0.66-$0.68 per share, compared to analysts' estimates of 74 cents.  The company sees revenues rising 47% to $151-$153 million in the quarter.  The company blamed the earnings shortfall on Hurricane Floyd and temporary operational problems.

CRYSTAL GAS STORAGE (COR, 46)- The operator of natural gas storage facilities agreed to merge with El Paso Energy (EPG, 40.38) in a $208 million deal.  Under the terms of the deal, Crystal Gas shareholders will receive $57 in cash for each share held.

DSP COMMUNICATIONS (DSP, 35.06)- The maker of semiconductors used in mobile phones beat third quarter estimates by a penny as it earned 24 cents per share in the quarter.  Revenues increased 18% to $41.17 million.

EASTMAN KODAK CO (EK, 70.88)- The imaging company beat third quarter estimates by 2 cents as it earned $1.45 per share, excluding charges.  Revenues rose 6%to $3.58 billion in the quarter.  The company said it expects to meet estimates for the fourth quarter and full year.

FORD MOTOR CO (F, 50.56)- The automaker beat estimates by 5 cents as third quarter earnings rose 11% to 90 cents per share.  Revenues rose to $37.97 billion in the quarter from last year's $32.64 billion.

NORSTAN INC (NRRD, 8.5)- The technology services company warned that lower than expected second quarter revenue growth will cause its earnings to fall short of expectations.  The company sees second quarter earnings of $0.01-$0.07 per share, analysts were looking for 16 cents.  The company said full year earnings will be $0.59-$0.70, compared to current analysts' estimates of 90 cents per share.  The company sees revenue growth of 8%-10% during the second half of the year.

PENTAIR INC (PNR, 38.19)- The company beat estimates by a penny as third quarter earnings rose 15% to 69 cents per share.  Revenues rose 27% to $604.9 million in the quarter.  The company said it expects to meet or exceed fourth quarter earnings estimates. 

THE TIMKEN CO (TKR, 17.56)- The maker of steel bearings reported third quarter net income of 20 cents per share, a decline from last year's 22 cents.  Revenues in the quarter fell by $15.1 million to $601.7 million.  The company blamed the lower earnings on unfavorable industry conditions and lower than expected demand for its higher margin products.