ADTRAN INC (ADTN, 18.94)- The
maker of broadband equipment received a favorable mention in this
weekend's Barron's. A money manager sees the shares doubling within
the next year.
BRIDGFORD FOODS CORP (BRID, 11.88)- The
maker of convenience food products said its fourth quarter earnings fell
to 21 cents per share from last year's 24 cents. Revenues in the
quarter rose 16.7% to $42.9 million. The company attributed the drop
in profits to higher meat, energy, and transportation prices.
CHAMPION INDUSTRIES (CHMP, 2.25)-
The commercial printer said its fourth quarter earnings fell to five cents
per share from last year's 10 cents. Revenues in the quarter fell
5.8% to $32.25 million.
CUBIC CORP (CUB, 29.50)- The
military electronics maker said its fiscal 2000 earnings, excluding a
charge of $2.05 per share, rose to $2.13 per share from last year's
$1.57. Revenues increased 4.1% to $531.5 million.
INSIGHT ENTERPRISES INC (NSIT, 15.56)-
The direct marketer of computer equipment said it plans to spin off its
Direct Alliance Corp. unit to shareholders late next year.
MCCLAIN INDUSTRIES (MCCL, 4)- The
maker of solid waste handling equipment reported a fourth quarter loss of
38 cents per share compared to last year's profit of 25 cents.
Revenues in the quarter slumped to $32.56 million from last year's $38.66
million. The company attributed the lower revenues to slower sales
of package dump trucks.
PLM INTERNATIONAL (PLM, 2.25)-
The provider of management services to transportation companies has agreed
to be acquired by MILPI Acquisition Corp for $3.46 per share in an
all-cash deal.
SONUS CORP (SSN, 1.38)- The
hearing aid retailer said its fiscal first quarter earnings rose to two
cents per share from last year's loss of 10 cents. Revenues in the
quarter increased 34% to $13.56 million.
USX-MARATHON GROUP (MRO, 27.06)-
The oil company has agreed to acquire Pennaco Energy (PN, 14.63)
for $19 per share in a cash deal valued at $500 million.
MRO
PN
VISX INCORPORATED (EYE, 13)- The
maker of refractive laser surgery products warned that its fourth quarter
earnings will fall short of expectations. The company now sees
earnings of $0.15-$0.17 per share, compared to analysts' estimates of 21
cents. The company attributed the shortfall to weaker economic
conditions.