CANNONDALE (BIKE, 11)- The mountain bike maker warned that equipment problems at a manufacturing facility will cause fourth quarter earnings and revenues to fall short of expectations.  The company sees a $3 million revenue shortfall and earnings of 10 cents a share in the quarter.  Analysts were looking for a 24 cent profit.

CNET INC (CNET, 51.88)- The Internet company beat second quarter estimates by 6 cents, earning 11 cents a share.  Revenues rose 92% to $25.6 million.

CYPRUS AMAX MINERALS (CYM, 14.56)- The copper producer will merge with Asarco in a $2.3 billion deal.  The new company will be called Asarco Cyprus and will be the world's largest copper producer.

HORACE MANN EDUCATORS (HMN, 28.94)- The insurer warned that second quarter earnings will be below expectations.  The company sees 34 cents a share in the quarter, compared to estimates of 50 cents.  The company cited higher than expected claims for the shortfall.

SEAGATE TECHNOLOGY (SEG, 30)- The disk drive maker missed estimates by 5 cents, earning 30 cents a share in its fiscal fourth quarter.  The company also warned that weak industry wide demand and pricing pressures will continue into its first and second quarters.

APPLE COMPUTER (AAPL, 55.94)- The computer maker beat third quarter estimates by 5 cents, earning 69 cents a share, a 52% increase from last year's third quarter.  Revenues rose 11% to $1.56 billion in the quarter, and gross margins improved to 27.4% from 25.7%.   The company reported unit growth of 40%, compared to the industry wide average of 21%.  The company also said it plans to buy back $500 million of its shares.

ARIS CORP (ARSC, 8.63)- The software services company warned that second quarter earnings will be below expectations.  The company sees 4 to 7 cents a share in the quarter, analysts were looking for 17 cents.   The company blamed a slowdown in its U.S. training business for the shortfall.

CYBERCASH (CYCH, 12.75)- The company warned that it will report a widen than expected second quarter loss of 53 to 56 cents a share.  Analysts were looking for a loss of 37 cents.  The company cited lower than expected revenues from its new InstaBuy and Agile Wallet payment systems for the wider than expected loss forecast.

ELECTRONICS FOR IMAGING (EFII, 58.13)- The company beat second quarter estimates by 8 cents a share, earning 42 cents in the quarter, a 31% increase.  Revenues rose 13% to $136 million in the quarter.

INKTOMI CORP (INKT, 128.88)- The Internet software maker reported a narrower than expected third quarter loss of 10 cents, beating expectations by 2 cents.  Revenues rose 212% to $19.6 million in the quarter, and 34% sequentially.

LANDAMERICA FINANCIAL GROUP (LFG, 28.25)- The insurer warned that second quarter earnings will be $0.78-$0.88, compared to estimates of $1.25. The insurer also sees full year earnings below current analysts estimates. The company cited a shift in revenues to lower margin business and higher personnel costs for the disappointing forecast.

MCKESSON HBOC (MCK, 31)- The company warned that its fiscal year 2000 first quarter earnings will fall "significantly short" of current analysts' estimates of a 51 cent profit.  The drug wholesaler also restated its results for fiscal 1997, 1998, and 1999.  Revenues were revised down $245.8 million for fiscal 1999, and earnings were lowered by 53 cents a share.

RAWLINGS SPORTING GOODS (RAWL, 9.68)- The sporting goods company reported third quarter earnings of 4 cents a share excluding charges, compared to estimates of a 20 cent profit.  Revenues inched up to $46.61 million from last year's $46.2 million.

SANDISK CORP (SNDK, 54.38)- The flash memory maker beat estimates by 4 cents, earning 19 cents a share in its second quarter.   Revenues rose 68%, and 19% sequentially, to $52.5 million in the quarter.

US AIRWAYS GROUP (U, 44.31)- The airline warned that its third and fourth quarter earnings would be below expectations.  The company blamed higher fuel costs and lower than expected revenues for the shortfall.

GARDEN RIDGE (GRDG, 6)- The home decor retailer warned that an inventory reduction program will reduce its fiscal second quarter earnings by 11 cents a share.

INTEL CORP (INTC, 65.38)- The chip maker missed estimates by 2 cents, earning 51 cents a share in its second quarter, an increase of 49%.  Revenues rose 14% from last year's second quarter, but fell 5% sequentially to $6.7 billion.  Analysts were expecting revenues to rise 18%.  The company blamed the weaker than expected results on pricing pressures and seasonal weakness.   The shares rose 1 point in after hours after the company forecast a strong second half and said it saw gross margins improving to 60%.

MOTOROLA (MOT, 96.5)- The company earned 44 cents a share in its second quarter, beating estimates by 3 cents but missing the whisper number by 1 cent. Revenues rose a less than expected 7% to $7.5 billion in the quarter.  The shares fell 2 in after hours trading on the lower than expected revenue numbers and a warning that the company may be forced to take a third quarter charge if the situation at 18% owned Iridium continues to deteriorate.

NORFOLK SOUTHERN (NSC, 29.5)- The railroad operator warned that second quarter earnings will be below expectations.   The company sees 18 to 22 cents a share in the quarter, analysts were looking for 35 cents.  The company cited higher than expected costs related to the integration of Conrail and sees the problems continuing into the third quarter.

THREE FIVE SYSTEMS (TFS, 16.68)- The LCD maker reported second quarter earnings of 15 cents a share, beating expectations by 10 cents.  Revenues rose 39% to $31.6 million in the quarter.  The company's gross margin improved to 20.6% in the quarter from 12.4% in the first quarter.

BOC GROUP PLC (BOX, 42.56)- Air Products and Chemicals, and AirLiquide SA will buy the industrial gas supplier for $11.2 billion, with the 2 companies splitting BOC's assets.  Air Products will get the group's Australian and New Zealand assets, and 50% of its U.S. assets.

CONOCO (COC, 26.63)- The oil company will join the SP 500 after the close on August 6th, replacing Battle Mountain Gold, which will be dropped from the index.

CORPORATE EXPRESS (CEXP, 8.56)- The office products distributor has agreed to be bought by Buhrmann NV for $9.70 a share in a $2.3 billion deal. Buhrmann expects annual synergies of $100 million from the deal.

DOUBLECLICK (DCLK, 94)- The Internet ad agency said second quarter revenues rose 154% to $44 million.

FLOWERS INDUSTRIES (FLO, 21.38)- The bakery warned that second quarter and full year estimates will be below expectations due to a restructuring at its Mrs. Smiths unit.  The company sees 10 cents a share in the second quarter, and $0.98-$1.05 for the full year.  Analysts were looking for 20 cents in the quarter and $1.18 for the full year.

INTERGRAPH (INGR, 6.31)- The company warned that weakness in the worldwide computer hardware industry will result in a $25 million revenue shortfall.  The company expects the lower than expected second quarter revenues to have a "significant adverse effect" on second quarter earnings.  Analysts were looking for a breakeven quarter.

LASER VISION CENTERS (LVCI, 67.5)- The company announced a 2 for 1 stock split.

EBAY (EBAY, 135.75)- The company suffered an outage on Saturday, its first since June 29th.  eBay's latest outage occurred one day after online broker E*Trade was beset by technical difficulties. 

GBC BANCORP (GBCB, 21.31)- The bank beat second quarter estimates by 2 cents, earning 53 cents a share in the quarter.  The company earned 48 cents in last year's second quarter.  Total deposits grew 4.1% to $1.437 billion.

GENERAL MOTORS (GM, 68.43)- The auto maker has been ordered to pay 6 people injured in a 1993 car crash $4.9 billion in damages after losing a California product liability suit. The company plans to appeal the decision. The stock fell 2 1/4 in after hours trading on the news.

INFOSEEK (SEEK, 51.5)- Disney will buy the remaining shares of the Internet portal.  Infoseek shareholders will receive 1.15 shares of a new company to be called go.com. 

INPRISE CORP (INPR, 5)- The software maker warned that it sees a wider than expected second quarter loss of $0.17-$0.22 a share, compared to estimates of a 12 cent loss.  The company sees revenues declining to $38-$41 million in the quarter from $46.5 million last year.

MORRISON KNUDSEN (MK, 10.13)- The company beat second quarter estimates by 6 cents, earning 26 cents a share, an increase of 9 cents from last year.  The company's backlog increased to $3.1 billion from $2.7 billion.   Revenues increased to $568 million from $436 million last year.  The shares should get a lift from the news in today's trading.

RED ROOF INNS (RRI, 18.31)- France's Accor has offered to buy the operator of economy hotels for $22.75 a share in a $1.1 billion deal.  The deal will be accretive to Accor's earnings.

TRIPOS INC (TRPS, 7.68)- The medical software maker warned that its second quarter earnings and revenues will be below expectations.  The company sees 11% revenue growth and a loss of 36 cents a share compared to analysts' estimates of a 4 cent loss.

UROCOR INC (UCOR, 5)- The company warned that it will report a second quarter loss and will take a $7-$7.5 million restructuring charge.  Analysts were looking for a 2 cent profit.