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THIS MORNING'S STOCKS WEEK OF 8/16/99-8/20/99

8/20/99

BOOKS-A-MILLION (BAMM, 10.06)- The bookseller reported breakeven results for its second quarter, beating analysts' estimates of a 3 cent loss.  Sales rose 15.3% to $89.9 million in the quarter, and same store sales increased 5.4%.

BORDERS GROUP (BGP, 13)- The bookseller met expectations of a second quarter loss of 3 cents a share as revenues climbed $15.6% to $631 million.

COHU INC (COHU, 38.38)- The company announced a 2 for 1 stock split.

DILLARDS (DDS, 29.5)- The retailer missed estimates by 14 cents, earning 34 cents a share in its second quarter.  The compared cited lower than expected sales at stores acquired in its purchase of Mercantile Stores, and an increase in S,G,&A expenses at the acquired stores for the disappointing results.  The company said that the problems could continue into the third quarter.

DUN & BRADSTREET (DNB, 30.68)- The company warned that third quarter earnings will be below current analysts' estimates of $0.40-$0.41, and full year earnings will be $1.62-$1.65, compared to estimates of $1.73-$1.75.  The company blamed the shortfall on lower than expected July revenue at its U.S. Dun & Bradstreet operating unit.

EXABYTE (EXBT, 3.88)- The maker of storage devices said it will reduce its workforce by 200 and take a $2.8 million third quarter charge as part of a restructuring .  The company expects the move to result in annual savings of $12 million.

FLORIDA PANTHERS HOLDINGS (PAW, 10.19)- The resort and hockey team operator reported a wider than expected fourth quarter loss of 13 cents a share.  Analysts were looking for a loss of 9 cents.  Revenue rose to $87.1 million from last year's $71.9 million.

NOVELL (NOVL, 24.88)- The software maker's third quarter earnings rose 100% to 14 cents a share, beating estimates by a penny.  Revenues jumped 20% to $327 million in the quarter.

8/19/99

AMERICAN EAGLE OUTFITTERS (AEOS, 37.56)- The apparel retailer's second quarter earnings rose 77% to 35 cents a share, beating estimates by 4 cents.  Revenues rose 42% to $178.6 million in the quarter as same store sales leapt 19.8%.

BOMBAY CO (BBA, 5.68)- The furniture retailer earned 1 cent in its second quarter, meeting expectations. Revenue rose to $90.7 million in the quarter from $82 million last year.  The company said its same store sales rose 5% in the quarter. 

CORECOMM (COMMF, 46.19)- The company announced a 3 for 2 stock split.

FIRST BANCORP (FNBC, 27)- The bank holding company announced a 3 for 2 stock split.

MICRON ELECTRONICS (MUEI, 11)- The PC maker has acquired web hosting provider HostPro for an undisclosed amount.

NATIONAL COMPUTER SYSTEMS (NLCS, 37)- The information services company beat expectations by 4 cents, earning 40 cents a share as revenues rose 31% to $167.7 million.

ONSALE (ONSL, 16.25)- The online closeout retailer said it expects third quarter revenues to grow 8%-12% sequentially ($6-$10 million), and fourth quarter sequential revenue growth of 15%-20%.  The company expects third quarter marketing expenses to increase by $14-$15 million.  The revenue growth is below expectations.  The added costs do not include costs related to the companies proposed merger with Egghead.com, Onsale will provide guidance on merger related costs once the merger is completed.  The shares rose 1 1/2 in after hours trading on the news.

SMARTMODULAR TECHNOLOGIES (SMOD, 20)- The maker of computer memory products missed estimates by 2 cents, earning 31 cents a share in its third quarter.  Revenues rose 49% to $223.6 million in the quarter.  The company also announced the acquisition of Compaq's embedded computer product unit.  Terms were not disclosed.

8/18/99

APPLIED MATERIALS (AMAT, 71.75)- The semiconductor equipment maker earned 61 cents a share in its third quarter, beating estimates by 8 cents.  Revenues rose 62% from the prior year, and 28% sequentially, to $1.43 billion.  The company said new orders rose 40% from last year, and 5% sequentially to $1.46 billion.  Gross margin rose to 48.7% from 46.3% in the second quarter.  The shares fell 1 5/8 on the news in after hours trading.

CABLE DESIGN TECHNOLOGIES (CDT, 18.94)- The maker of data transmission cables expects fourth quarter earnings of at least 40 cents, compared to current analysts' estimates of 35 cents.  The company cited a moderation of Y2K related spending for the improved outlook.

DELL COMPUTER (DELL, 41.13)- The PC maker beat estimates by 2 cents, earning 19 cents a share in its second quarter, an increase of 58%.  Revenue rose 42% to $6.1 billion in the quarter. The company said its Internet based sales now represent 40% of its revenues.  Shipments rose 55% in the quarter, twice the industry average.  The shares rose 2 points in after hours trading on the news.

HADCO CORP (HDCO, 41.88)- The electronics company beat estimates by 4 cents, earning 48 cents a share in its second quarter.  Sales rose 25% to $252.4 million in the quarter.  The company said its book-to-bill ratio is 1.01.

KOHLS (KSS, 71.75)- The retailer's second quarter earnings rose 44% to 27 cents a share, beating analysts' estimates of a 23 cent profit.  Revenue rose to $939.5 million from $758.7 million, and same store sales jumped 8.8% in the quarter.

LYCOS (LCOS, 42.31)- The Internet portal earned 1 cent a share in its fiscal fourth quarter, before charges, beating estimates by a penny.  Revenue rose 137% to $45.1 million in the quarter.  The company said average daily page views grew 17% in the quarter.

OLSTEN CORP (OLS, 9.5)- Adecco SA has agreed to buy the company's staffing and information technology units in a $1.4 billion deal.  Olsten shareholders will receive $8.75 a share from Adecco, and one share of Olsten's $1.3 billion in revenues health services unit which will be spun off to shareholders.

READERS DIGEST (RDA, 31.63)- The magazine publisher beat estimates by 2 cents, earning 15 cents a share in its fourth quarter.  Fourth quarter revenue fell 16% to $530.5 million.

SAKS INC (SKS, 19)- The retailer earned 18 cents a share in its second quarter, meeting expectations.  Revenue rose 11% to $1.43 billion, and same store sales grew 4% in the quarter.  The company warned, however, that it now sees full year profits of $1.80 a share, below analysts' current  estimate of a full year profit of $2.16.

SIZZLER INTERNATIONAL (SZ, 2.88)- The steakhouse said earnings rose 21.6% to 9 cents a share in its latest quarter, the 10th consecutive quarterly rise in net income.  Revenues rose 8.4% to $57 million in the quarter, the first quarterly rise in 7 years.  The shares are trading at 10 times earnings and at 0.36 times sales.

SPORTS AUTHORITY (TSA, 3.63)- The beleaguered sporting goods retailer reported second quarter earnings of 7 cents a share, missing estimates by a penny.  Revenue fell 9.8% to $385.5 million, and same store sales tumbled 8.1% in the quarter.  Gross margins fell to 26.2% from 26.6%.  Inventories during the year's first 6 months rose to $392.7 million from $367.9 million.

8/17/99

BURLINGTON RESOURCES (BR, 45.31)- The oil and gas explorer has agreed to acquire Canada's Poco Petroleums Ltd. for approximately  C$16.78 per share in a $2.5 billion stock and debt deal.  The companies expect the transaction to be accretive to earnings and cash flow this year.

CRIIMI MAE (CMM, 2.43)- The commercial mortgage company reported a second quarter loss of 4 cents a share, compared to last year's profit of 85 cents. Total interest income rose to $55.6 million from last year's $49.58 million.  The company continues to operate under Chapter 11 bankruptcy protection.

HEWLETT PACKARD (HWP, 110.31)- The PC maker's third quarter earnings rose 37% to 81 cents a share, beating expectations by a penny.  Revenues rose 11% to $12.2 billion in the quarter.  The company reported record shipments of consumer PC's during the quarter.

HOTT TOPIC (HOTT, 29.06)- The apparel retailer beat estimates by 8 cents, earning 24 cents a share in its second quarter, up from last year's 7 cents.  Revenues rose 58% to $32.78 million in the quarter.  Same store sales jumped 16.9% in the quarter.

PARACELSUS HEALTHCARE (PLS, 1.25)- The hospital owner lost 14 cents a share in its second quarter as revenues declined to $143.3 million from last year's $176.7 million.  The company said it remains in compliance with NYSE listing requirements.

PAXSON COMMUNICATIONS (PAX, 16.43)- The television station owner reported a much wider than expected loss of $1.35 a share.  Analysts were looking for a loss of 86 cents a share.  Revenues rose 90.5% to $57.9 million in the quarter.  The company said its PAX TV network now reaches 76% of U.S. TV households.

PROVIDENT AMERICAN (PAMC, 19)- The insurer's second quarter loss widened to 88 cents a share from last year's loss of 20 cents.  The company also said it has agreed to sell its Provident Indemnity Life Insurance to AHC Acquisition.  The sale will mark the company's exit from the insurance business.  Provident plans to refocus its efforts on its HealthAxis.com unit.

XOMA CORP (XOMA, 7.63)- The biotech reported a second quarter loss of 24 cents a share, compared to estimates of a breakeven quarter.  The shares fell 1 1/2 in after hours trading.

8/16/99

AG CHEM EQUIPMENT (AGCH, 9.38)- The farm equipment maker's third quarter loss widened to 6 cents a share from last year's loss of 5 cents.  No analyst estimates were available.

AIR CANADA (ACNAF, 4.19)- The airline's shares could get a boost in today's trading after the Canadian government's decision to ease anti-competition rules in the airline industry for 90 days in an effort to help ailing Canadian Airlines.

BERKSHIRE HATHAWAY (BRKa, 66,100)- The company's second quarter operating profits fell to $197 a share from $251 last year.  The company blamed lower profits at its General Re and GEICO units for the lower earnings.

DEL LABORATORIES (DLI, 14.5)- The maker of cosmetics and OTC pharmaceuticals said its second quarter earnings fell to 21 cents a share from last year's 58 cents.  Revenues in the quarter fell to $70.56 million from $73.97 million.

MALLON RESOURCES (MLRC, 8.43)- The oil and gas producer reported a narrower than expected second quarter loss of 7 cents a share.  Analysts were looking for a loss of 11 cents.  Revenues were essentially flat at $2.9 million in the quarter.

MINING SERVICES INTERNATIONAL (MSIX, 3.31)- The maker of mining explosives reported second quarter earnings of 1 cents a share, below expectations of a 12 cent profit, and down from last year's 15 cent profit.  The company blamed the shortfall on a slowdown in the gold and metals mining industries caused by lower prices, and said 1999 earnings could fall below last year's 52 cents a share if commodity prices remain weak.

NIELSEN MEDIA RESEARCH (NMR, 32.81)- The company has agreed to be acquired by VNU NV for $37.50 a share in cash in a deal valued at $2.7 billion.

OILGEAR COMPANY (OLGR, 8.5)- The maker of piston pumps and valves reported second quarter earnings of 17 cents a share, compared to 35 cents last year.  The company cited "continued softness in the U.S. hydraulic market" for the lower profits.  Backlog increased to $23.2 million from $22.2 million in the first quarter. 

REYNOLDS METALS (RLM, 69.38)- The aluminum company's board of directors unanimously rejected a hostile bid from Alcoa, according to the company.

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Last modified: April 02, 2000

Published By Tulips and Bears LLC