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THIS MORNING'S STOCKS
WEEK OF 12/27/99-12/31/99 |
12/31/99 |
AG-CHEM EQUIPMENT CO (AGCH,
10)- The agricultural equipment maker reported a third quarter loss of
32 cents per share, compared to last year's gain of 5 cents.
Revenues fell 14% to $56.5 million in the quarter. The company
attributed the poor showing, in part, to higher costs, lower margins, and
costs associated with the rollout of a new version of its agricultural
data software.
ECHOSTAR COMMUNICATIONS (DISH,
91.63)- The provider of satellite TV services has rescinded its
$23 million offer to purchase parts of the bankrupt SkyView Media Group. |
12/30/99 |
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12/29/99 |
BIO-TECHNOLOGY GENERAL (BTGC,
14.56)- The biotech warned that full year 1999 earnings will be
$0.25-$0.28, significantly below current analysts' estimates of 40
cents. The company attributed the lowered expectations to an
inventory reduction by one of its distributors.
CELLSTAR CORP (CLST,
11.5)- The wireless products distributor warned that fourth quarter
earnings will fall short of expectations. The company now sees
earnings of $0.20-$0.23 in the quarter, analysts were looking for 34
cents. The company attributed the shortfall to a worldwide shortage
of wireless phones.
DAY RUNNER INC (DAYR,
5)- The maker of organizers and planners arned that second quarter
revenues and earnings will fall short of expectations due to
"inventory tightening" by a major customer. The company
now sees revenues of $56-$58 million in the quarter and expects to report
a loss of 14 to 24 cents per share. Analysts were looking for a
profit of 21 cents in the quarter.
MERISEL INC (MSEL,
1.31)- The computer distributor warned that it expects to report a
fourth quarter loss of $0.15-$0.20, excluding charges. Analysts were
looking for a loss of 10 cents in the quarter. The company also said
it will take a charge of $5-$10 million in the quarter to cover the costs
of a planned restructuring. Merisel said it will eliminate 400 jobs
as part of the restructuring, and expects the move to yield annual savings
of $25 million.
YOUNG & RUBICAM INC (YNR,
62.56)- The ad agency will join the S&P 500 after the close on
January 5th. |
12/28/99 |
COPART (CPRT,
41)- The company announced a 2 for 1 stock split .
GLOBAL IMAGING SYSTEMS (GISX,
11.38)- The provider of office imaging equipment warned that third
quarter earnings will fall short of expectations due to a Y2K related
revenue shortfall and rising interest rates. The company now sees
earnings of $0.18-$0.20 per share in the quarter. Analysts were
looking for the company to earn 26 cents.
PAPA JOHN'S INTERNATIONAL (PZZA,
23.06)- The pizza restaurant operator said same store sales rose 4.7%
in the latest four weeks, and 1.8% in the fourth quarter.
PLASMA-THERM INC (PTIS,
12.13)- The maker of plasma processing equipment released preliminary
1999 results. The company expects revenues of $40.6 million and a
loss of 7 cents per share. Analysts were looking for a loss of 4
cents per share.
TAIWAN SEMICONDUCTOR (TSM,
43)- The semiconductor maker is reportedly in talks to merge with 30%
owned TSMC-Acer Semicon. VALUEVISION
INTERNATIONAL (VVTV,
60)- The home shopping network operator said pre-holiday December
sales rose 84% from the prior year. |
12/27/99 |
CATAPULT COMMUNICATIONS (CATT,
9.34)- The maker of telecom test systems said it will buyback 2
million of its shares, or 15.7% of its outstanding shares.
COAST DENTAL SERVICES (CDEN,
3.13)- The operator of dental centers warned that fourth quarter
revenues and earnings will not meet current analysts' expectations.
The company sees revenues of $15.0-$15.4 million in the quarter and a loss
of ($0.03)-($0.05). Analysts were looking for a profit of nine
cents. The company blamed the shortfall on higher costs at its
Dental Centers and a revenue shortfall.
CONSOLIDATED STORES (CNS,
14.25)- The toy store operator was the subject of a favorable article
in this weekend's Barron's. An analyst said he sees a spinoff of the
company's KBkids.com unit next year, and gives CNS shares a price target
of $30-$35.
FLOWSERVE CORP (FLS,
16.06)- The maker of engineered pumps announced a restructuring and
said it plans to take an unspecified fourth quarter charge to cover costs
related to a planned 9% downsizing of its work force.
LUXTEC CORP (LXU,
1.88)- The maker of surgical headlights and lighted instruments
reported a fourth quarter loss of 22 cents per share, compared to last
year's profit of $0.04. Revenues in the quarter declined to $3.1
million from last year's $3.43 million. The company attributed the
lower results to competitive price-cutting and a restructuring.
S3 INC (SIII,
10.56)- Chipmaker VIA Technologies will increase its stake in the
graphics chipmaker to 14.9% by buying 10.8 million shares of S3 Inc at
$13.50 per share in a $145.8 million transaction. |
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