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

 SEC FILINGS

ASK JEEVES INC (ASKJ, 9.68)- The provider of Internet search technologies warned that fourth quarter results will fall short of expectations.  The company now sees a loss of 50 cents per share, compared to analysts' expectations of a loss of 33 cents.  The company said it will show a sequential drop in revenues to $25 million due to "advertising pricing pressures" [editor's note--see this morning's Tulips AM market commentary for a rant about our own advertising pricing pressures] and a weak online advertising market.  The company also announced that its CEO will be stepping down.  The shares tumbled 4.55 to 5.13 in after hours trading on the news.

INTEL CORP (INTC, 32.31)- The chipmaker warned that fourth quarter revenues will fall short of expectations.  The company now sees revenues flat with the third quarter's $8.7 billion, compared to previous expectations of 4%-8% growth.

MACROVISION CORP (MVSN, 51.38)- The maker of copy protection software will join the S&P MidCap 400 Index after today's close.  The shares gained 3.13 in after hours trading on the news.

PC CONNECTION INC (PCCC, 18)- The computer products direct marketer warned that fourth quarter results will fall short of expectations.  The company now sees revenues of $335-$350 million, and earnings of $0.21-$0.24 per share.  Analysts were looking for the company to earn 42 cents.  The company attributed the shortfall to slowing economic conditions.

PRICELINE.COM (PCLN, 1.88)- The Internet airline ticket seller said it will eliminate 11% of its work force in a cost cutting measure.

QUANTUM CORP HDD GROUP (HDD, 9)- The maker of hard disk drives warned that third quarter revenues will fall short of expectations due to component shortages.  The company now sees revenues of $725-$750 million in the quarter.  The company sees a loss of less than 12 cents per share in the quarter.  Analysts were looking for the company to earn three cents.

WICKES INC (WIKS, 5)- The building materials maker said its November sales fell 16.7% to $70.5 million.  The company attributed the slump to a drop in lumber prices and a slower housing market.

BEST BUY CO (BBY, 29)- The consumer electronics retailer said it has agreed to acquire music retailer Musicland Stores Corp (MLG, 10) for $12.55 per share in an all-cash $685 million deal.  The company has also agreed to buy audio equipment retailer Magnolia Hi-Fi Inc in a $87 million deal.  Musicland shares are up 2.31 in pre-open trading on the news, while Best Buy shares are indicated to open down.
BBY
MLG

CIENA CORP (CIEN, 95)- The maker of optical networking systems beat estimates by two cents as its fourth quarter earnings rose 56% sequentially to 14 cents per share.  Revenues in the quarter jumped 103%, and 23% sequentially, to $287.6 million. The company raised its fiscal 2001 revenue growth forecast to 75%-85%.  The shares are down 6.37 in pre-open trading on the news.

SANDERSON FARMS (SAFM, 7)- The maker of chicken products said its fourth quarter earnings rose to 44 cents per share from last year's eight cents.  Revenues in the quarter increased 14.3% to $170.7 million.

UPROAR INC (UPRO, 2)- The operator of interactive entertainment web sites has agreed to acquire Internet marketing company TrafficMarketplace.com Inc for 3.6 million shares of UPRO stock in an all-stock deal valued at $7.2 million.

VARIFLEX INC (VFLX, 5)- The maker of in-line skates and scooters said its fiscal first quarter earnings rose to 21 cents per share from last year's two cents.  Revenues in the quarter jumped 110% to $19.96 million.

DELIA*S CORP (DLIAD, 1)- The beleaguered catalog merchant/apparel retailer/teen community web site operator said its third quarter loss, excluding charges, widened to 47 cents per share from last year's loss of 42 cents.  Revenues in the quarter rose 8.8% to $52.3 million.  The company's cash and investments position dropped to $27.4 million on October 28th from $57.9 million on January 29th.  The company said in its conference call that gross margins fell to 44% from last year's 46%.

MESA AIR GROUP (MESA, 5.43)- The airline said its November load factor increased to 57.5% from last year's 53.5%.  November revenue passenger miles rose 22.3%.

MOVADO GROUP INC (MOVA, 13)- The watchmaker beat estimates by 10 cents as it reported flat third quarter earnings of $1.07 per share.  Revenues in the quarter rose 6.9% to $105.1 million, and same boutique sales increased 19.6%.  The company also said it will raise its dividend 20% to $0.03 per share.

NORDSTROM INC (JWN, 16.94)- The department store operator said its November same store sales slipped 0.6%.  November total sales rose 9.2% to $594.6 million.

PENN TRAFFIC CO (PNFT, 4)- The supermarket operator said its third quarter loss, excluding charges, narrowed to five cents per share from last year's loss of $1.34.  Revenues in the quarter increased 0.1% to $611.3 million, but same store sales dipped 0.1%.

QLOGIC CORP (QLGC, 106.38)- The maker of storage network adapters will join the S&P 500 Index after next Monday's close.

RITE AID CORP (RAD, 2)- The drugstore operator said November same store sales rose 9.8%.  November total sales increased 8.3% to $1.359 billion.

STRYKER CORP (SYK, 51.93)- The maker of medical products will join the S&P 500 Index after next Monday's close.

VITESSE SEMICONDUCTOR (VTSS, 56.25)- The chipmaker will join the S&P 500 Index after next Monday's close.

ALBERTSONS (ABS, 24)- The grocery store operator missed estimates by three cents as its third quarter earnings rose a penny to 45 cents per share.  Revenues in the quarter inched up 0.1% to $8.99 billion, but same store sales dipped 0.2%.  The company also warned that it sees fourth quarter earnings of 50 cents per share, compared to analysts' estimates of 75 cents.  The shares lost 2.87 in after hours trading on the news.

ALLEGHENY ENERGY INC (AYE, 42.75)- The utility holding company will be added to the S&P 500 Index after the close on Friday.

AMBAC FINANCIAL GROUP (ABK, 78.50)- The insurer will be added to the S&P 500 Index after the close on Friday.

BAYOU STEEL CORP (BYX, 1)- The steelmaker reported a fourth quarter loss of 50 cents per share, compared to last year's profit of eight cents.  Revenues in the quarter slumped to $45.4 million from last year's $54.2 million.  The company attributed the loss to higher electricity and gas prices, and a sharp drop in the price of steel.

GREEN MOUNTAIN COFFEE INC (GMCR, 45.75)- The coffeemaker announced a 2 for 1 stock split.

INTUIT INC (INTU, 45.50)- The maker of personal finance software will be added to the S&P 500 Index after the close on Friday.  The shares jumped 5.38 in after hours trading on the news.

OROAMERICA INC (OROA, 8)- The maker of gold jewelry products said its third quarter earnings fell to 33 cents per share from last year's 53 cents.  Revenues in the quarter fell 12.2% to $48.2 million.  The company said it expects full year sales to fall 3% from last year's levels.

OXFORD INDUSTRIES (OXM, 16.56)- The apparel maker warned that second quarter earnings will fall short of expectations.  The company now sees earnings of $0.30-$0.35 per share, compared to analysts' estimates of 88 cents.  The company attributed the shortfall to a weak retail environment.

AES CORPORATION (AES, 52)- The energy company has agreed to acquire power plant developer KMR Power Corp in an all-stock $53 million deal.

ESS TECHNOLOGY INC (ESST, 10.19)- The maker of PC audio and digital video products warned that fourth quarter results will fall short of expectations.  The company now sees revenues of $57-$63 million and earnings of $0.03-$0.08 per share.  Analysts were looking for the company to earn 29 cents.  The company attributed the shortfall to a weak PC market.

INTRAWARE INC (ITRA, 2.81)- The maker of Internet software announced a restructuring.  The company will close 5 sales offices and said it plans to eliminate 180 of its 380 jobs.  The company sees $20 million in annual cost savings from the measures.  The shares are down from a 52-week high of 99.