HAVERTY FURNITURE (HVT, 28.19)- The furniture retailer reported a 15.3% jump in May same store sales.  Revenues rose $19.9% to $54.2 million during the month.

INSO CORP (INSO, 7)- One to avoid today.  The software maker lost $1.42 a share in its first quarter, compared to a loss of 71 cents last year.  Revenues were slightly below expectations at $11.49 million.  The company said it will take a $5-$7 million restructuring charge and announced plans to fire 20% of its workers in an effort to return to profitability.  Inso also said that it is the subject of a formal investigation by the S.E.C. relating to the company's restatement of 1998 earnings.   The shares are down from a 52 week high of 29.

MICHAELS STORES (MIKE, 28.43)- The retailer beat expectations by 3 cents, earning 18 cents a share in its first quarter.   Revenues rose 16% to $388.5 million in the quarter.

PFIZER (PFE, 108.5)- Ralph Nader's Public Citizen consumer group has asked the FDA to ban the company's second largest drug Trovan.   The group alleges the drug can cause liver damage.

CHEVRON (CHV, 92)- Texaco has rejected the oil giant's $92 a share bid for Texaco.  Texaco's board said the bid price was too low, it was seeking $80 a share.

HARTE HANKS (HHS, 22.88)- The company will be added to the S&P MidCap 400 Index.

OFFICE DEPOT (ODP, 20.88)- The office supply retailer will be added to the S&P 500 Index.  Look for the stock to get a boost from the news in today's trading.

ORTEL CORP (ORTL, 11.43)- The fiber optics company reported a narrower than expected loss of 4 cents a share in its fourth quarter, beating expectations of a loss of 9 cents.  Revenues in the quarter rose 6% to $16 million, with fiber optic revenues increasing 15%.  The company also announced plans to sell its wireless operations.

RCM TECHNOLOGIES (RCMT, 15.25)- The info services provider beat expectations by 2 cents, earning 35 cents a share in its second quarter, an increase of 30% from last year.  Revenues jumped 65% to $80.5 million in the quarter.

US XPRESS ENTERPRISES (XPRSA, 12.25)- The company warned that its second quarter earnings will be 30% to 36% below last year's 38 cents a share.  Analysts were looking for 43 cents in the quarter.  The trucking and logistics company blamed the shortfall on "less than expected equipment utilization".

ADFORCE (ADFC, 28.94)- The unprofitable Internet based ad agency said that Geocities will no longer be using the company's services following Yahoo's acquisition of Geocities.   Geocities accounted for 17% of the company's revenues.  Look for the shares to come under pressure this morning on the news.

AMERICAN HOME PRODUCTS (AHP, 52)- The drug maker warned that weak demand for its agricultural products will cause it to report second quarter earnings 7 cents below analysts' current expectations of 41 cents a share.   the company expects full year earnings to be 11 cents below current expectations.   The company expects the problems to last into next year and said it is considering strategic alternatives, including the possible sale of the units, for its agricultual and livestock divisions.  The shares tumbled 5 points in after hours trading on the news.

CHERRY CORP (CHERA, 13)- The company warned that its first quarter earnings will be below current expectations.  The electronics company sees earnings of 35 cents a share, analysts were looking for 48 cents.

COMVERSE TECHNOLOGY (CMVT, 67)- The communications equipment and software maker beat first quarter estimates by 3 cents, earning 48 cents.  Revenues rose 25% to $200.51 million in the quarter.

NEWBRIDGE NETWORKS (NN, 27.06)- The telecom equipment manufacturer missed fourth quarter estimates by a penny, earning 12 cents a share in the quarter.

BARNES & NOBLE (BKS, 28.19)- The Federal Trade Commission is strongly considering blocking the company's planned acquisition of Ingram Book on antitrust grounds.  The shares could come under pressure today as a result of the news.

BROWN FORMAN (BF.a, 61)- Allied Domecq Plc is reportedly discussing a $18.7 billion merger with the drink maker, according to a published report in yesterday's The Independent (UK).

CUTTER & BUCK (CBUK, 29.63)- The company announced a 3 for 2 split after Friday's close.

E*TRADE GROUP (EGRP, 44.5)-  The online broker will acquire Telebanc Financial in a $1.8 billion deal according to the Wall Street Journal Interactive.

FIRST AMERICAN (FAM, 40.81)- AmSouth Bancorp (ASO) will reportedly acquire the bank holding in a $6.3 billion deal according to Bloomberg.  First American shareholders will receive 1.8 shares of ASO for each share of FAM (about $51 a share for FAM stockholders).

FRANKLIN COVEY (FC, 9.75)- The company warned that it will lose 22 cents a share in its third quarter due to disappointing revenues in its Training and Education line and poor international sales.  The company expects fiscal year 1999 earnings to be $1.05-$1.10 per share.  The maker of agendas and planners is trading at a price/book ratio of 0.59 and a price/sales ratio of 0.40.  The shares trade on a forward P/E ratio of 9 and are down from a 52 week high of 21.13.

LOCKHEED MARTIN (LMT, 40.43)- The aircraft manufacturer received a favorable mention in this weekend's Barron's.

PEGASYSTEMS (PEGA, 8.38)- The S.E.C. has launched an investigation into the company's accounting practices and into the trading of its stock.  The shares, down from a 52 week high of 31 7/8, could come under renewed pressure in today's trading.

SKYTEL (SKYT, 20.31)- MCI WorldCom will acquire the wireless provider in an agreed $1.3 billion deal (about $21.50 a share based on Friday's close).