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

 SEC FILINGS

ADOBE SYSTEMS INC (ADBE, 57.31)- The maker of graphics design and imaging software beat estimates by five cents as its fourth quarter earnings fell to 34 cents per share from last year's 38 cents.  Revenues in the quarter rose 26% to $355.2 million.

MICROSOFT CORP (MSFT, 55.50)- The software maker warned that its second quarter results will fall short of expectations.  The company now sees revenues of $6.4-$6.5 billion and earnings of $0.46-$0.47 per share, compared to analysts' estimates of 49 cents.  The company sees full year earnings of $1.80-$1.82 per share.  Analysts were looking for the company to earn $1.90. The company attributed the shortfall to the effects of a slowdown in global economic growth.

MILLER INDUSTRIES (MLR, 1)- The maker of vehicle towing equipment missed estimates by four cents as its second quarter loss widened to four cents per share from last year's loss of two cents.  Revenues in the quarter fell 13% to $129.3 million.

ORACLE CORP (ORCL, 27.50)- The database software maker beat estimates by a penny as its second quarter earnings rose to 11 cents per share from last year's six cents.  Revenues in the quarter increased 14.8% to $2.7 billion.

BED, BATH, & BEYOND (BBBY, 21.68)- The home furnishings retailer met expectations as its third quarter earnings rose 27.3% to 14 cents per share.  Revenues in the quarter increased 25.3% to $609.5 million, and same store sales rose 4.2%.

CHAMPION ENTERPRISES (CHB, 3.25)- The maker of manufactured homes warned that it will report a wider than expected fourth quarter loss of ($0.31)-($0.33) per share, excluding charges.  Analysts were looking for a loss of 23 cents.  The company sees revenues in the quarter tumbling 31% to $390 million.

GEORGIA GULF CORP (GGC, 12)- The specialty chemicals maker warned that fourth quarter earnings will fall short of expectations due to slow sales of vinyl resin products.  The company now sees a loss of ($0.20)-($0.25), compared to analysts' expectations of a profit of one cent.

HEICO CORP (HEI, 15)- The maker of aerospace and defense products said its fourth quarter earnings jumped 203% to 71 cents per share.  Analysts were looking for the company to earn 22 cents.  Revenues in the quarter rise 6% to $47.5 million.

IMPERIAL SUGAR CO (IHK, 1)- The sugar processor said its fourth quarter loss widened to $1.15 per share from last year's loss of 27 cents.  Revenues in the quarter fell 6.3% to $457.2 million.  Gross margins slumped to 4.2% from last year's 8.2%.

MAX & ERMA'S RESTAURANTS (MAXE, 8)- The operator of casual dining restaurants said its fourth quarter loss widened to 52 cents per share from last year's loss of 10 cents.  Revenues in the quarter rose 5% to $29.7 million, and same store sales increased 1.9%.

ORGANIC INC (OGNC, 1.15)- The provider of Internet services warned that fourth quarter earnings will fall short of expectations.  The company now sees revenues flat at $26 million, and expects to report a loss greater than the current consensus of a loss of six cents.  The company said it will cut its workforce by 25%, or 270 jobs.  The company expects its planned restructuring moves to result in $25 million in annual cost savings.

SANMINA CORP (SANM, 73.38)- The provider of outsourced electronics manufacturing services announced a 2 for 1 stock split.

COMPAQ COMPUTER (CPQ, 20.77)- The PC maker warned that fourth quarter results will fall short of expectations.  The company now sees revenues of $11.2-$11.4, 8% below estimates, and expects to report earnings of $0.28-$0.30 per share.  Analysts were looking for the company to earn 36 cents.  The company attributed the shortfall to weakness in the consumer and "dot com" markets.  The shares are down 1.27 in pre-open trading on the news.

DELIAS CORP (DLIAD, 1)- The teen apparel maker and teen web site operator said it is exploring strategic alternatives for its Internet operations.

ENGAGE TECHNOLOGIES (ENGA, 2)- The CMGI-majority owned provider of Internet advertising and marketing solutions missed estimates by three cents as its fiscal first quarter loss widened to 26 cents per share from last year's loss of 17 cents.  Revenues in the quarter rose 105%, but tumbled 38% sequentially to $41 million.  First quarter gross margins slid to 26% from the fourth quarter's 47%.  Ad impressions served fell to 28.6 billion from the fourth quarter's 38.9 billion.  The shares are down 0.37 to 1.63 in pre-open trading on the news. The company's shares have tumbled from a 52-week high of 94.5.

NAVISITE INC (NAVI, 5.31)- The CMGI-majority owned provider of application hosting services beat estimates by a penny as its fiscal first quarter loss narrowed to 39 cents per share from last year's loss of $1.75.  Revenues in the quarter jumped 344%, and 27% sequentially, to $26 million. The company's cash position fell to $43 million on October 31st from $77.9 million on July 31st.  The company warned that it will report a second quarter loss of ($0.41)-($0.43) per share, wider than analysts' expectations of a loss of 34 cents.  2Q gross margins are expected to be (-12%)-(-14%).  The shares are down 0.31 in pre open trading on the news.  The shares have a 52-week high of 164.94.

STEWART ENTERPRISES (STEI, 2)- The operator of funeral homes and cemetaries beat estimates by a penny as its fourth quarter earnings slid 33% to 10 cents per share.  Revenues in the quarter fell 9.9% to $171.2 million.

CROWN GROUP INC (CNGR, 5)- The operator of used car dealerships said its second quarter earnings fell to 19 cents per share from last year's 76 cents.  Revenues in the quarter rose 97% to $89.6 million.

DOUBLECLICK INC (DCLK, 11.94)- The Internet ad agency warned that fourth quarter and rist quarter earnings will fall short of expectations.  The company now sees a fourth quarter loss of three cents per share, compared to analysts' estimates of a profit of two cents.  The company sees fourth quarter revenues of $126-$129 million, and expects first quarter revenues to fall to $115 million, 4.3% above last year's levels.

INTERSTATE BAKERIES CORP (IBC, 14.38)- The bakery products maker missed estimates by 19 cents as its second quarter earnings tumbled to 22 cents per share from last year's 40 cents.  Revenues in the quarter inched up 0.9% to $817.8 million.

M.S. CARRIERS INC (MSCA, 22.50)- The trucking company has agreed to be acquired by Swift Transportation Co (SWFT, 22.19) in an all-stock deal valued at approximately $375 million.  Under the terms of the deal, MSCA shareholders will receive 1.7 shares of SWFT (about $34) for each share held.  SWFT expects the deal to be accretive to next year's earnings.
MSCA
SWFT

PANAMERICAN BEVERAGES INC (PB, 14.06)- The soft drink bottler announced cost cutting moves designed to cut its after tax expenses by 35 cents per share.  The company will restructure its Venezuelan operations and cut 8% of its workforce, or 3,300 jobs.

WALLACE COMPUTER SERVICES (WCS, 16.75)- The provider of print management products beat estimates by a penny as its fiscal first quarter earnings slipped to 41 cents per share from last year's loss of 44 cents.  Revenues in the quarter rose 5.2% to $407.8 million, but the company's operating margin fell to 8.8% from last year's 9.7%.

ADTRAN INC (ADTN, 28.13)- The maker of broadband telecom products warned that fourth quarter earnings will fall short of expectations.  The company now sees revenues of $110-$115 million and earnings of $0.16-$0.20 per share, compared to analysts' expectations of 55 cents.  The company attributed the shortfall to slowing order rates and lower margins.

AMERICAN SKIING CO (SKI, 2.75)- The ski resort operator has agreed to acquire hotel management company MeriStar Hotels & Resorts (MMH, 2.25) in a $151 million all-stock deal.  Under the terms of the agreement, MMH shareholders will receive 1.88 shares of SKI for each share held, valuing the shares at approximately $5.  The company will be renamed Doral International following the merger, and said its annual post merger revenues will be $600 million.
SKI
MMH

CARLTON COMMUNICATIONS (CCTVY, 42)- The media company has agreed to sell its Technicolor unit to Thomson Multimedia for $2.06 billion in a cash and stock deal.  Under the terms of the deal, CCTVY will receive a 5.5% stake in Thomson Multimedia and $1.35 billion in cash.

KINDER MORGAN INC (KMI, 45.69)- The pipeline operator will join the S&P 500 Index on an as yet undetermined date.

LOWE'S COMPANIES (LOW, 39.88)- The home improvements retailer warned that its fourth quarter earnings will fall short of expectations.  The company now sees earnings of $0.40-$0.42 per share, compared to analysts' estimates of 47 cents.  The company attributed the shortfall to slowing economic conditions.

ZILA INC (ZILA, 2.63)- The maker of dental products reported breakeven fiscal first quarter earnings, flat with last year.  Revenues in the quarter rose 5.5% to $18.84 million.