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

 SEC FILINGS

CELESTIAL SEASONINGS (CTEA, 17.06)- The tea maker met expectations as it earned 22 cents per share, excluding charges, in its fourth quarter.  Revenues rose 8% to $25 million in the quarter.  Case volume in the quarter increased to 1.267 million from last year's 1.12 million.

INDIVIDUAL INVESTOR GROUP (INDI, 3.25)- The magazine publisher and web site operator's third quarter loss narrowed to 15 cents per share, including a gain, from the prior year's loss of 16 cents.  Revenues increased 10% to $4.5 million in the quarter.  The company said total page views at its Internet sites fell 24% sequentially to 12 million during the quarter.  The company attributed the drop in page views to "seasonal factors" that according to the company also resulted in lower traffic at many other financial web sites during the quarter [editor's note: we have no idea what these "seasonal factors" were, our traffic was up 55% during the third quarter].

SUMMIT TECHNOLOGY (BEAM, 18.13)- The maker of laser systems used to correct vision problems reported a third quarter loss of $0.01 per share, compared to last year's loss of 7 cents.  Revenues in the quarter increased to $28.11 million from $23.14 million last year.  The company said procedure volume rose 79% from the prior year, and 10% sequentially.

WALT DISNEY CO (DIS, 28.13)- The diversified entertainment company met expectations as earnings fell 38% to 10 cents per share.  Revenues in the quarter fell 6% to $5.8 billion. The company warned that higher costs and a continuation of recent trends will result in fiscal 2000 earnings being flat with 1999's.  Analysts are expecting full year earnings of 75 cents for 1999, and before the announcement were looking for Disney to earn 92 cents in fiscal 2000.  The company also broke its results down by operating segment for the first time.  During the quarter,  gains in operating income were seen by Media Networks, up 21% (revenues up 2%), and Theme Parks and Resorts, up 6% (revenues up 2%).  Lower operating profits were experienced by Internet and Direct Marketing (losses increased 35%, revenues fell 18%), Consumer Products (down 35%, revenues down 8%), and Studio Entertainment.

BLUEFLY INC (BFLY, 10.75)- The Internet based off-price apparel retailer missed estimates by 30 cents as it reported a much wider than expected third quarter loss of 71 cents per share.  Gross revenues grew 17% sequentially to $1.2 million (net sales, which includes the effects of returns and allowances, were $873,000).  S,G,&A expenses were $2.6 million in the quarter, and "General and Administrative" expenses were $1 million in the quarter.  The total operating loss was $3.3 million, nearly 3 times revenues.  Inventories at quarter's end were $4.45 million.  The stock is rated a strong buy by the two brokerage analysts who cover it despite estimates that call for its loss to widen to $3.07 a share in fiscal 2000.  

DAISYTEK INTERNATIONAL (DZTK, 16.75)- The computer supplies distributor beat estimates by a penny on flat second quarter earnings of 30 cents per share, excluding charges. Revenues rose 12.1% to $246.7 million in the quarter.

DITECH COMMUNICATIONS (DITC, 90.5)- The telecommunications equipment company said it expects to exceed second quarter estimates.  The company sees earnings of $0.58-$0.61 in the quarter, analysts were looking for 26 cents.  Ditech expects revenues to be $25.5-$26 million in the quarter.

LA-Z-BOY INC (LZB, 18.88)- The furniture maker beat estimates by 3 cents as second quarter earnings rose 26% to 44 cents per share.  Second quarter revenues increased 15.9% to $387.7 million.  The company said its sales continue to meet the most optimistic internal expectations.

PROJECT SOFTWARE & DEVELOPMENT (PSDI, 44.38)- The enterprise software maker beat estimates by a penny, but fourth quarter earnings fell to 43 cents per share from last year's 50 cents.  Revenues increased 20% to $42.4 million in the quarter.  Separately, the company announced a 2 for 1 stock split.

RADWARE LTD (RDWR, 80)- The Internet company met expectations as it lost a penny per share in its third quarter.  Revenues increased to $3.6 million from $1.4 million, and gross margins improved to 84% from 78%.  The shares traded down by as much as 20 in after hours trading on the news.

SCIENT CORP (SCNT, 126.43)- The shares gained 6 in after hours trading after the company announced a 2 for 1 stock split.

SUIZA FOODS (SZA, 36.19)- The dairy distributor's third quarter earnings rose 19% to 91 cents per share, matching expectations, as revenues increased 11.1% to $1.1 billion in the quarter.  Operating margins fell to 6.5% from 7.15, but margins in the dairy business improved to 7.1% from 6.7%.

BIOGEN INC (BGEN, 68.63)- The biotech announced it has stopped all remaining clinical trials of its Antova drug.  The company had previously suspended two clinical trials of the drug.  The shares tumbled 4 points in after hours trading on the news.

BUILDING ONE SERVICES (BOSS, 11.19)- The building maintenance services provider met expectations as earnings rose 59% to 54 cents per share in the third quarter.  Revenues increased to $477.9 million from $252.3 million in last year's third quarter.

COMDISCO INC (CDO, 21.31)- The technology services company met expectations as it earned 27 cents per share in its fourth quarter.  Revenues rose 8.9% to $984 million in the quarter.  The company said its services backlog rose to a record $1.2 billion.

DONNA KARAN INT'L (DK, 8.88)- The apparel maker announced a restructuring that will result in 175 job eliminations.  The company will take an $11 million charge in the fourth quarter to cover the costs of the plan, and expects the plan to produce $6 million in annual cost savings.

GIBSON GREETINGS INC (GIBG, 5.5)- The greeting card maker has agreed to be acquired by rival American Greetings (AM, 25.06) for $10.25 per share in a $162 million deal.  American Greetings expects the deal to be accretive to earnings by 30 cents per share.

GOLDEN WEST FINANCIAL (GDW, 114.06)- The thrift announced a 3 for 1 stock split.

QUALCOMM INC (QCOM, 224.81)- The wireless equipment maker beat estimates by four cents as fourth quarter earnings climbed 85% to 91 cents per share.  Revenues increased 14% to $1.1 billion.  The company said it sees a record fiscal first quarter, and announced that it will split its shares four for one.  The shares are up 7 in European trading.

TOMMY HILFIGER CORP (TOM, 27.13)- The apparel maker beat estimates by six cents as second quarter earnings rose 31.7% to 79 cents per share.  Revenues rose by 20.7% to $561.6 million in the quarter.

WINSTAR COMMUNICATIONS (WCII, 40.88)- The broadband communications company reported a narrower than expected third quarter loss of $3.28 per share.  Analysts were looking for a loss of $3.44 in the quarter.  Revenues jumped 162% to $97.6 million, and gross margins in the third quarter improved to 30.1% from the second quarter's 24%.

GOTO.COM (GOTO, 57.25)- The Internet search service reported a narrower than expected third quarter loss of 18 cents per share, compared to analysts' expectations of a loss of 32 cents.  Revenues rose 133% sequentially to $8.4 million in the quarter.  The company said paid clicks rose 74.2% to 54 million in the quarter.

JENNY CRAIG (JC, 2.31)- The diet center operator reported a fiscal first quarter loss of 18 cents per share as revenues slumped 16.9% to $71.5 million.  The company earned 12 cents in last year's first quarter.  The company also announced a restructuring plan that will lead to 16% of its diet centers being closed and 15% of its headquarters staff being made redundant. 

MAXWELL TECHNOLOGIES (MXWL, 10.43)- The maker of electronic devices warned that first quarter earnings and revenues will fall short of expectations due to order delays and weak demand for certain electronic components.  The company sees a loss of ($0.15)-($0.20) per share in the quarter, analysts were  looking for a gain of $0.08.  The company expects the problems to last into the second quarter, and sees a second quarter loss.

PANAMERICAN BEVERAGES (PB, 16.68)- The Latin American soft drink bottler reported a wider than expected third quarter loss of eight cents per share.  Analysts were looking for the company to lose a penny a share.  The company said case volume increased 2.7% in the quarter.  Revenues fell to $605 million from last year's $663 million.

TENNECO INC (TEN, 15.63)- After the finalization of the company's split into two units, its Tenneco Packaging unit will join the S&P 500 and its Tenneco Automotive unit will enter the S&P SmallCap 600.

UNUMPROVIDENT CORP (UNM, 31.25)- The insurer missed estimates by a penny as it earned 70 cents per share, excluding a $623.7 million charge, in the third quarter.  The company said its book value fell to $20.57 from $26.13 in last year's third quarter.  Revenues rose to $2.36 billion from $2.13 in last year's third quarter.

CHICAGO RIVET & MACHINE CO (CVR, 23.13)- The rivet maker's third quarter earnings rose 14.5% to 71 cents per share as revenues rose $1.4 million to $11.7 million in the quarter.

CHESAPEAKE UTILITIES (CPK, 17.88)- The natural gas utility beat estimates by two cents as it reported a third quarter loss of 15 cents per share, an improvement over last year's loss of 25 cents.  Revenues increased by $20.3 million to $56.5 million in the quarter.

CITRIX SYSTEMS INC (CTXS, 64.13)- The company will join the S&P 500.

CONCEPTS DIRECT (CDIR, 7.13)- The catalog and direct marketing company's third quarter loss narrowed to 15 cents per share from last year's 20 cents, but revenues tumbled 42% to $11.25 million in the quarter .

HICKORY TECH CORP (HTCO, 15)- The communications services company met expectations as its third quarter earnings fell to 15 cents per share, compared to last year's 23 cents.  Revenues fell 1% to $24.86 million in the quarter.