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3COM CORP (COMS, 7.17)- The networking company beat estimates by six cents as its second quarter loss widened to 15 cents per share from last year's loss of 12 cents.  Revenues in the quarter fell 5% sequentially to $766.7 million.  The company attributed the lower revenues to a drop in spending by telecoms.  Gross margins rose to 37% from last quarter's 36%.  The shares are up 0.83 in pre-open trading on the news.

ETHAN ALLEN INTERIORS (ETH, 28)- The furniture maker warned that its second quarter earnings will fall short of expectations.  The company now sees earnings of $0.56-$0.59 per share in the quarter, compared to analysts' estimates of 61 cents.  The company attributed the shortfall to slower retail sales and startup costs associated with the opening of a new factory.

FORD MOTOR CO (F, 24.19)- The automaker warned that fourth quarter earnings will fall short of expectations due to slower U.S. economic growth.  The company now sees earnings of 64 cents per share.  Analysts were looking for the company to earn 74 cents.  The company lowered its first quarter vehicle production target to 1.05 million units from its previous target of 1.157 million vehicles.  The shares are down 1.19 in pre-open trading on the news.

LAMSON & SESSIONS (LMS, 11)- The maker of electrical supplies warned that fourth quarter earnings will fall short of expectations due to inventory adjustments and slowing economic conditions.  The company now sees earnings of $0.17-$0.20 per share, compared to its previous estimates of $0.25-$0.35.

LA-Z-BOY INC (LZB, 15)- The furniture maker warned that its third quarter earnings will fall sort of expectations due to weakening consumer demand.  The company now sees earnings of $0.25-$0.31 per share, compared to analysts' estimates of 41 cents.

R.R. DONNELLEY & SONS (DNY, 15)- The printing company warned that its full year earnings will fall short of estimates.  The company now sees earnings of $2.15-$2.20 per share, compared to analysts' estimates of $2.30.

RUDDICK CORP (RDK, 11.19)- The diversified operator of supermarkets and maker of industrial sewing thread warned that its fiscal first quarter earnings will fall short of expectations.  The company now sees earnings of 25 cents per share, compared to analysts' estimates of 29 cents.  The company attributed the shortfall to a slowdown in consumer spending.

TARRANT APPAREL GROUP (TAGS, 3)- The private label apparel maker warned that its fourth quarter earnings will fall short of expectations due to a soft retail environment.  Analysts were looking for the company to earn 15 cents per share in the quarter.

ARROW INTERNATIONAL (ARRO, 36.43)- The maker of catheters and cardiac care products met expectations as its fiscal first quarter earnings rose 2% to 51 cents per share.  Revenues in the quarter rose 0.8% to $77.3 million.  The company warned that its second quarter earnings will fall short of expectations.  The company now sees earnings of $0.51-$0.52 per share, compared to analysts' estimates of 55 cents.

REAL NETWORKS (RNWK, 9.94)- The maker of Internet streaming audio and video products warned that fourth quarter results will fall short of expectations.  The company now sees revenues of $58-$60 million and earnings of $0.02 per share.  Analysts were looking for the company to earn four cents.  The company attributed the shortfall to slowing Internet spending.  The shares tumbled 3.56 to 6.38 in after hours trading on the news.

SALON.COM (SALN, 1.06)- The Internet content provider warned that it will report a wider than expected third quarter loss of ($0.23)-($0.26) per share.  Analysts were looking for a loss of 13 cents.  The company also said it will cut 20% of its workforce in a cost cutting move.

SONIC FOUNDRY (SOFO, 1.09)- The maker of digital media products warned that its first quarter revenues will be below expectations by up to $3 million due to a slowdown in spending by Internet companies.  The company now expects to report a loss larger than the current consensus of ($0.32) per share.  The company also announced cost cutting moves, including a 40% cut in its workforce, designed to save $20 million annually.

ZORAN CORP (ZRAN, 13.38)- The provider of digital compression products warned that fourth quarter results will fall short of expectations due to slower economic growth.  The company now sees revenues of $18-$22 million and earnings of $0.00-$0.05 per share.  Analysts were looking for the company to earn 33 cents.

APPLIED MICRO CIRCUITS (AMCC, 2.94)- The maker of fiber optic products will join the S&P 500 Index after the close on December 29th.  The shares are up 1.50 in pre-open trading on the news.

NOBLE DRILLING (NE, 41.50)- The oil services company will join the S&P 500 Index on an as yet undetermined date.  The shares are up 0.88 in pre-open trading on the news.

AFTERMARKET TECHNOLOGY (ATAC, 2.94)- The maker of automotive products warned that fiscal 2001 earnings will fall short of expectations.  The company now sees earnings of $1.30 per share, compared to analysts' expectations of $1.80.  The company attributed the shortfall to slowing auto sales and product price cuts.

DOLLAR TREE STORES (DLTR, 36.38)- The operator of variety stores warned that fourth quarter earnings will fall short of expectations due to lower than expected holiday sales.  The company now sees revenues of $605-$615 million and earnings of $0.59-$0.62 per share.  Analysts were looking for the company to earn 70 cents.

ELOQUENT INC (ELOQ, 1.06)- The maker of Internet based rich media products warned that it will report a wider than expected loss of 50 cents per share.  Analysts were looking for a loss of 39 cents.  The company also said it will reduce its workforce by at least 44%.

MEAD CORP (MEA, 28.50)- The forest products company warned that fourth quarter earnings will fall short of expectations.  The company now sees earnings of $0.15-$0.20 per share, compared to analysts' estimates of 33 cents.  The company attributed the shortfall to slowing economic conditions, a strong dollar, and higher energy costs.

7-ELEVEN INC (SE, 8.68)- The convenience store operator said November same store sales rose 1.7%.  November total sales increased 2.5% to $510.5 million.

ETOYS INC (ETYS, 1.03)- The online toy retailer warned that its third quarter revenues will fall far short of estimates due to consumers' fears of an economic downturn.  The company now sees revenues of $120-$130 million in the quarter, compared to previous estimates of $210-$240 million.  The company expects to end the quarter with $50-$60 million in cash at quarter's end, compared to previous estimates of $100-$120 million.  The company said its projected cash figures are only sufficient to fund operations to 3/31/01, and that it will require "substantial" new funding to continue operations after March 31st. The company said it plans to announce job cuts in January, and has hired an investment banker to explore strategic alternatives.

J2 COMMUNICATIONS (JTWO, 9.75)- The operator of the nationallampoon.com web site said its fiscal first quarter loss widened to 92 cents per share from last year's loss of 13 cents.

OFFICEMAX INC (OMX, 1.81)- The office supply retailer received a favorable mention in this weekend's Barron's.  A hedge-fund operator gives the stock a 12-month price target of $10-$12.

PANCHO'S MEXICAN BUFFET (PAMX, 3)- The restaurant operator reported a fourth quarter loss of 13 cents per share, compared to last year's profit of eight cents.  Revenues in the quarter fell 3.4% to $14.1 million, and same restaurant sales declined 4.4%.

STAN LEE MEDIA INC (SLEE, 0.83)- The online entertainment company said it has "suspended its production operations" and eliminated most of its workforce.  The company said it will continue to seek additional financing.