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THIS MORNING'S STOCKS
WEEK OF 11/29/99-12/03/99 |
12/03/99 |
BURR-BROWN CORP (BBRC,
47)- The company announced a 3 for 2 stock split. The shares
rose 1.5 in after hours trading on the news.
JO-ANN STORES INC (JAS.a,
13)- The fabric store operator warned that lower than expected same
store sales will result in fourth quarter earnings coming in below current
analyst's estimates. The company said it still expects earnings to
top the $1.08 it earned in last year's fourth quarter.
NAVISITE INC (NAVI,
55.88)- The web hosting provider reported a narrower than expected
fiscal first quarter loss of $3.49. Analysts were looking for a loss
of $4.03. Revenues in the quarter increased to $5.9 million from
$1.7 million last year. The shares added 2.13 in after hours trading
on the news.
OSICOM TECHNOLOGIES (FIBR,
21.75)- The maker of fiber optic products earned 14 cents per share in
its third quarter, compared to last year's loss of 50 cents.
Revenues increased 34% to $18.9 million in the quarter. The shares
jumped 6.75 in after hours trading on the news.
PERFORMANCE TECHNOLOGIES (PTIX,
20.13)- The maker of products for telecom networks has agreed to
acquire MicroLegend Telecom Systems for $2.166 million shares in a $43.6
million deal. PTIX will take a fourth quarter charge of 14 cents per
share to cover acquisition related costs. The shares dipped 0.68 in
after hours trading on the news.
SPORTS AUTHORITY (TSA,
2.13)- The sporting goods retailer said same store sales fell 4.6% in
November, and total sales fell to $85.2 million from $99.1 million.
The company said its men's apparel business remains weak.
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12/02/99 |
ADC
TELECOMMUNICATIONS (ADCT,
54.19)- The maker of broadband networking equipment beat estimates by
4 cents as fourth quarter earnings increased 24% to 46 cents per share.
Revenues increased 32% to $582 million in the quarter. The shares
rose 1.50 in after hours trading on the news.
CASELLA WASTE SYSTEMS (CWST,
17.43)- The waste management company met expectations as it earned 29
cents per share in its second quarter. Revenues in the quarter
increased to $56.1 million from last year's $47.8 million.
CSK AUTO CORP (CAO,
17.75)- The auto parts retailer beat estimates by two cents as third
quarter earnings increased to 49 cents per share, excluding charges, from
last year's 37 cents. Revenues rose 26% to $331.3 million in the
quarter, and same store sales increased 2%. The company said its
revenues were negatively impacted by unseasonably warm weather early in
the quarter. The company said operating profit rose to 10.3% of net
sales from last year's 8.9%.
FINISH LINE INC (FINL,
6.31)- The apparel retailer said third quarter revenues increased 10%
to $120.8 million, and same store sales fell 4%. The company said
same store footwear sales rose 5%, but same store apparel sales fell 24%
in the quarter. Finish Line warned that lower than expected apparel
sales will result in a third quarter loss of ($0.08)-($0.10), compared to
expectations of a profit of one cent. The company expects the
negative trend to continue into the fourth quarter, and now sees earnings
of $0.15-$0.20. Analysts were expecting the company to earn 32 cents
in the fourth quarter.
HOT TOPIC INC (HOTT,
43.13)- The specialty apparel retailer said November same store sales
rose 31.9%, and total revenues increased 72% to $13.37 million. The
company also said it will split its shares 2 for 1. The shares rose
3.88 to 47 in after hours trading on the news.
IXNET INC (EXNT,
22.13)- The provider of networking services reported a wider than
expected fourth quarter loss of 43 cents per share, compared to
expectations of a loss of 33 cents. Revenues rose 97.5% in the
quarter to $20.9 million.
JETFORM CORP (FORM,
4.75)- The maker of web based business forms software reported a
narrower than expected second quarter loss of four cents per share,
compared to expectations of a loss of 9 cents. Revenues fell 17% to
$25 million in the quarter. The company warned that its business
continues to suffer from the effects of a Y2K related spending slowdown,
and it expects third quarter earnings to be below the second quarter's.
Jetform also announced the resignation of its CEO, effective immediately.
The shares rose 1.13 in after hours trading on the news.
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12/01/99 |
ANALOG DEVICES (ADI, 57.5)- The
maker of integrated circuits beat estimates by 5 cents as fourth quarter
earnings rose 150% to 40 cents per share. Revenues increased 45% to
$431 million, and gross margins rose to 52.2% from 49.7%. The
company attributed the strong results to better than expected revenue
growth and margin improvements. The company said it expects first
quarter earnings to come in above current expectations. The company
sees $0.43-$0.45, analysts were looking for 35 cents.
CABLE DESIGN TECHNOLOGIES (CDT,
24)- The maker of networking products beat estimates by three cents as
fiscal first quarter earnings rose 8.9% to 45 cents per share.
Revenues increased 8.1% to $187.6 million in the quarter. The
company warned that second quarter earnings will be $0.30-$0.35, compared
to analysts' expectations of $0.36.
CMGI INC (CMGI,
147)- The company is reportedly planning to sell shares in its
AltaVista unit next March in a $5 billion I.P.O., according to a story in
today's Financial Times. The shares are up 2 in pre-open trading on
the news.
COMVERSE TECHNOLOGY (CMVT,
120.88)- The maker of communications software beat estimates by two
cents as third quarter earnings increased 53% to 56 cents per share.
Revenues increased 25% to $221.8 million in the quarter. The shares
are up 6.13 to 127 in pre-open trading on the news.
FIDELITY HOLDINGS INC (FDHG,
16)- The company announced a 3 for 2 stock split.
INTIMATE BRANDS (IBI,
43)- The retailer said November same store sales rose 9%, and revenues
increased 16.5% to $400 million.
JACK HENRY & ASSOCIATES (JKHY,
39.56)- The provider of ATM products warned that a Y2K related
slowdown will cause second quarter earnings to fall short of
expectations. The company sees earnings of 17 to 21 cents in the
quarter, analysts were looking for 40 cents. The company sees second
quarter revenues falling 10% to $43-$48 million.
MEDCO RESEARCH (MRE,
27)- The company has agreed to be acquired by King Pharmaceuticals
(KING,
46) in a $350 million all stock deal that values MRE at $31.50 per
share.
PALL CORP (PLL,
23.43)- The maker of filtration products beat estimates by two cents
as fiscal first quarter earnings increased 83% to 20 cents per
share. Revenues increased 6.9% to $267.1 million in the
quarter. The company attributed its better than expected showing to
strong sales, increased margins, and the benefits of restructuring.
SEACHANGE INTERNATIONAL (SEAC,
25.25)- The company announced a 3 for 2 stock split.
TECH DATA CORP (TECD,
25)- The computer distributor beat estimates by a penny as it earned
60 cents per share in its third quarter. The company earned 63 cents
in last year's third quarter. Revenues increased 31.5% to $4.31
billion. Separately, the company said its President had resigned to pursue
other interests. The shares are down 1.25 in pre-open trading on the
news.
YAHOO! INC (YHOO,
212.75)- The Internet portal will be added to the S&P 500 Index
after the close on December 7th. The shares are up 20.38 in pre-open
trading on the news
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11/30/99 |
ALBERTSON'S INC (ABS,
36)- The supermarket operator missed estimates by 15 cents as it
earned 44 cents per share in the third quarter. Revenues rose 1.6%
to $9 billion in the quarter, and same store sales rose 2.2%. The
company attributed the poor showing to the costs of combining its American
Stores acquisition and the effects of store divestures. The company
also warned that full year earnings will be $2.22 per share, analysts were
looking for $2.59.
AXOGEN LTD (AXG,
32.63)- Drugmaker Elan Corp (ELN,
27.25) will acquire the remaining shares of the company for $24.56 per
share in a $182.8 million deal.
BROCADE COMMUNICATIONS (BRCD,
320)- The maker of fibre channel networking products beat estimates by
four cents as it earned 12 cents per share in its fourth quarter, compared
to last year's loss of 17 cents. Revenues rose 457% to $30.1 million
in the quarter. The shares are up 5 3/8 in pre-open trading on the
news.
EMUSIC.COM INC (EMUS,
16)- The Internet based music retailer has agreed to acquire Tunes.com,
an operator of music related web sites, for $130 million in an all stock
deal. The shares are up 2 in pre-open trading on the news.
INTEGRATED HEALTH SERVICES (IHS,
0.43)- The health services provider will miss a payment due on $150
million of debt. The company said it is continuing talks to
restructure its debt.
LASER VISION CENTERS (LVCI,
13)- The maker of excimer lasers beat estimates by four cents as
second quarter earnings increased 180% to 14 cents per share.
Revenues increased 100% to $20.84 million in the quarter. The shares
are up 4 1/2 to 17 1/2 in after hours trading on the news.
MOLEX INC (MOLX,
43)- The company will be added to the S&P 500 after the close on
November 30th. The shares are up 6 3/4 in after hours trading on the
news.
OLD KENT FINANCIAL (OK,
36.68)- the company will join the S&P 500 after Wednesday's close.
OSHMAN'S SPORTING GOODS (OSH,
1.75)- The sporting goods retailer's third quarter loss widened to 62
cents per share from last year's loss of 35 cents. Revenues increased 1.3%
to $65.14 million in the quarter, and same store sales rose 3.5%.
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11/29/99 |
CK WITCO CORP (CNW, 10.38)- The
chemical company has agreed to sell its textile dyes operations to
Yorkshire Group Plc in a cash and stock deal valued at $86 million.
EQUANT NV (ENT,
102)- The telecom company announced a secondary offering of 26 million
share, with all of the shares on offer being sold by existing
shareholders. The offering represents 13% of the total shares
outstanding. The shares are down 5% in European trading on the news.
FANNIE MAE (FNM,
65.68)- The mortgage company received a favorable mention in this
weekend's Barron's. A money manager said the stock is worth $85-$90
per share.
FREESERVE PLC (FREE,
48.5)- The provider of free Internet access services is reportedly
considering an e-commerce joint venture with WH Smith Group Plc, according
to the Sunday Telegraph.
HANSON PLC (HAN,
41.31)- The building products group is reportedly considering making a
$2.4 billion bid for Pioneer International Ltd, according to the Sunday
Telegraph.
HEALTHEON/WEB MD (HLTH,
44.75)- Australia's News Corp (NWS,
34.75) is reportedly considering taking a 10% stake in the company,
according to Monday's Financial Times. The stock is up 3.25 in
pre-open trading on the news.
HOLLINGER INC (HLGCF,
9)- The newspaper publisher's third quarter loss narrowed to 11 cents
per share from last year's loss of 71 cents. Revenues fell 5.1% to
C$757 million in the quarter. The company attributed the loss to
start up costs at its National Post newspaper, and to increased
expenditures to develop its Internet properties.
INFOSYS TECHNOLOGIES (INFY,
219.25)- The Indian software maker announced a 2 for 1 stock split.
MAYTAG CORP (MYG,
45.56)- The appliance maker received a favorable mention in this
weekend's Barron's. The company was mentioned as an undervalued
turnaround play. PLAYTEX
PRODUCTS (PYX,
13)- The maker of personal care products received a favorable mention
in this weekend's Barron's. A money manager said the stock would
trade at $20-$23 if its shares were valued similarly to comparable
companies.
REDBACK NETWORKS (RBAK,
136.5)- The broadband networking company has agreed to acquire
privately held optical broadband company Siara Systems for 31.3 million
shares of Redback stock in a merger valued at $4.3 billion. The
shares are down 3 points in pre-open trading on the news.
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