BALANCE BAR (BBAR,
9.81)- The natural food and beverage maker warned
that its first quarter revenues and earnings would fall short of analyst expectations.
The company expects to earn $0.05-$0.06 a share in the quarter, analysts were
looking for 12 cents a share.
BROADCAST.COM
(BCST, 118.19)- The company's shares rose 7 points
in after hours trading on reports that it has agreed to be acquired by Yahoo for
approximately $130 a share. The two companyies have scheduled a news conference for
this morning to announce the deal. The Internet stocks will rally on the news today.
COMPUSA (CPU, 7)- In yet another sign of weakness in the PC industry, the retailer
reported that same store sales fell 7.2% in its third quarter.
HVIDE MARINE (HMAR, 4.31)- The troubled oil service company warned that it will post a loss in its
first quarter and as a result will not be in compliance with covenants in its bank credit
agreements. The company also outlined a plan to improve liquidity by disposing of
assets, reducing capital expenditures, attempting to amend financing terms, and management
salary reductions.
JOHNSON & JOHNSON (JNJ, 93.5)- The FDA approved the company's anti fungal treatment Sporanox Injection
for intravenous use. Sporanex had previously been available in capsule form.
The news will lift JNJ shares today.
KING WORLD PRODUCTIONS (KWP, 30.56)- Today's Wall Street Journal reports that the TV program syndicator is in
advanced merger talks with CBS. According to the report, a deal could be announced
today for $2.4 billion in stock. KWP will rise on the news today. This deal,
combined with the BP Amoco-Arco and Yahoo-Broadcast.com deals, will put the overall market
in rally mode.
NOVACARE (NOV, 1.75)- The company warned that its third quarter loss will be three times
greater than expected due to continued weakness in its long term care business.
Novacare added that third quarter results will be delayed until mid May. This stock
is already down from a 52-week high of 15.38, but there are still 100 percentage points
separating it from 0.
SILICON GRAPHICS (SGI, 16.56)- The computer maker warned that it will lose 27 to 32 cents a share
compared to estimates of 7 cents. The company blamed the larger than expected third
quarter loss on production delays of new workstation models and product transition issues.
The shares will come under pressure today.
3/31/99
BED BATH &
BEYOND (BBBY, 34.5)- The retailer beat analyst's
fourth quarter revenues by 2 cents a share. Earnings rose 37.7% in the quarter and
revenues jumped 37.4%.
CERPROBE CORP
(CRPB, 15.5)- The company warned that first quarter
earnings will be 2-4 cents a share versus current estimates of 13 cents a share. The
company blamed a slower than expected recovery in the semiconductor industry for the
shortfall. The stock will fall on the news.
DALLAS GOLD & SILVER EXCHANGE (DLS, 3.5)- The stock will likely rise on the news that it has been selected to be a
merchant on Amazon.com's new auction site.
ETEC SYSTEMS (ETEC, 43.13)- Yet another warning from the chip making sector. The company
warned that third quarter earnings (before charges) will be 10 cents a share compared to
current estimates of 26 cents a share. After taking a charge to cover an 8% cut in
its workforce, the company will lose 35-45 cents a share. Revenues will be $55-$60
million in the quarter, against estimates of $70 million. The stock will land with a
thud today.
ILOG SA (ILOG7.63)- The software maker said a drop in revenues will cause it to lose 5-20
cents a share, against current analyst estimates of a gain of 7 cents a share. The
company blamed Y2K spending deferrals among other reasons for the disappointing figures.
MIDWAY GAMES (MWY, 9)- The company warned that weak conditions in the coin operated video game
industry will cause it to miss third quarter revenue and earnings forecasts.
Earnings will be 1 to 3 cents a share in the quarter compared to estimates of 13
cents. The stock will be under pressure today.
TECHNOLOGY SOLUTIONS (TSCC, 6.94)- The company warned that it will report a break even first quarter.
Analysts were looking for 10 cents a share. The company will also take a
restructuring charge and cut its workforce by 18%.
3/30/99
AMERICAN EAGLE
OUTFITTERS (AEOS, 71.5)- The apparel retailer will
split its shares 2 for 1 on May 3rd. The stock is in an uptrend, and the uptrend
will accelerate after this news.
BINKS
SAMES CORP (BIN, 16.13)- The company has received
acquisition inquiries and has hired an investment banker to explore strategic alternatives
to enhance shareholder value.
CENTRAL EUROPEAN MEDIA ENTERPRISES (CETV, 8.5)- The company will be bought by SBS Broadcasting System for $615 million
($15.25 a share).
COCA COLA (KO, 64.81)- The soft drink giant warned that first quarter sales will fall 1 to 2%
due to slumping demand in Asia, Eastern Europe, Germany, and Latin America. The
company also said sales volume in the U.S. will increase 2% and Coca Cola will miss
current full year targets of 7-8% case volume growth. The shares fell on the news
and could put pressure on the shares of other multinational consumer stocks in today's
trading.
CYBERIAN OUTPOST (COOL, 21.68)- The Internet based retailer reported a smaller than expected loss in its
fourth quarter. Sales for the quarter rose 310% over the prior year's quarter.
EXPRESS SCRIPTS (ESRX, 74.06)- The company will launch 2 Internet web sites: YourPharmacy.com (an
online drugstore), and DrugDigest.org (drug and medical information). These type (setting
up shop on the Internet) of announcements usually cause a company's shares to rise.
HARRIS CORP (HRS, 31.68)- The electronics company warned that weakness in Latin America and China
will cause third quarter earnings to fall $0.06-$0.10 below current estimates. The
company expects the weakness to continue in its fourth quarter, and said full year
earnings will be 15-20% below last year's. The shares will likely fall on the news
today.
HMT Technology (HMTT, 3.88)- The disk drive component maker warned that fourth quarter revenues will
be 15-20% below last year's. The drop in sales will cause HMTT to suffer a loss in
the quarter.
HUFFY CORP (HUF, 15.31)- The company warned that lower margins on its products will cause its
first quarter earnings to come in below estimates. The company expects 8-12 cents a
share, analysts were looking for 30 cents. The stock will drop today.
MEADOWBROOK INSURANCE (MIG, 16.81)- The insurer warned that it will lose $0.14-$0.16 in the first quarter
compared to current estimates of a 29 cent profit.
SIERRA HEALTH SERVICES (SIE, 12.13)- The health services company warned that lower revenues and a
restructuring charge will cause 1999 earnings to come in 14 cents below expectations.
USA FLORAL PRODUCTS (ROSI, 10.88)- The flower distributor warned that fourth quarter earnings will be
50%-55% below current estimates because of lower revenues and a weak Euro. The
company expects full year 1999 profits to be 30%-38% below expectations. The shares
are down from a 52 week high of 23.88 and will remain under pressure.
3/29/99
ATLANTIC RICHFIELD
(ARC, 65.38)- The Financial Times reported that BP
Amoco Plc and ARCO are in merger talks. BP Amoco is reportedly offering $25 billion for
ARCO. The two companies issued a press release confirming that talks are in progress
but no definitive deal has been struck. Arco is up in European trading on the news,
and the rumor will likely lift the entire oil sector in today's trading.
CORPORATE RENAISSANCE GROUP (CREN, 6.44)- The company has received a buyout offer from its management for $8 a
share in cash.
ISS GROUP (ISSX,
83.25)- The high-flying stock was the subject of a
negative article in this week's Barron's. Barron's says that competition from Cisco
and Network Associates could hurt ISSX. The stock will likely be under pressure
today.
KANSAS CITY SOUTHERN (KSU, 53.68)- The stock will join the S&P 500 index on April 2nd. Indexers
will be snapping the shares up today in response to the news.
MICROSOFT (MSFT, 178.13)- The shares trade on a post-split basis this morning after splitting 2
for 1 after Friday's close.
SWIFT TRANSPORTATION (SWFT, 26.38)- The company said first quarter earnings will exceed current analyst
estimates. No further details were given by the company. the trucking firm's
shares will rise on the news.
WARNER LAMBERT (WLA, 69.5)- The company's controversial drug Rezulin has passed an F.D.A. safety
review after the drug had been linked to several liver-related deaths. The shares
rose 2 points in after hours trading on news of the favorable review.
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Last modified: April 02, 2000
Published By Tulips and Bears
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