AGILE
SOFTWARE (AGIL, 50.5)- The software maker's fiscal first quarter
revenues rose 82% to $5.9 million as its loss widened to $1.23 a share
from last year's 94 cents. The company went public on August 20th at
$21 per share.
AUTODESK (ADSK, 24.81)- The
software maker's second quarter earnings fell to 9 cents a share from last
year's 64 cents. The figures were a penny below expectations.
Revenues fell to $202.9 million from last year's $226.8 million. The
company also said it will cut its workforce by 10% in an effort to cut
costs.
CORINTHIAN COLLEGES (COCO, 16)-
The operator of 37 colleges beat expectations by 5 cents as it earned 23
cents a share in its fourth quarter. Revenue rose 24.8% to $34.8
million, largely due to a 14.4% increase in enrolled students and a 9.7%
rise in the average tuition.
DAVE & BUSTER'S (DAB, 24.88)-
The restaurant operator warned that lower than expected revenues in its
second quarter will result in earnings falling short of analysts' current
expectations. The company now sees $0.14-$0.16, analysts were
looking for 28 cents. The company also announced that ame store
sales fell 2.2% in the quarter.
INTUIT (INTU, 82.88)- The maker
of tax software reported a narrower than expected fourth quarter loss of
26 cents a share as revenues rose 28% to $149.9 million. Analysts
had been looking for a loss of 33 cents. The company said its
Internet based revenues grew to $125.3 million during fiscal 1999, 15% of
the company's full year revenues of $847.6 million.
PETCO ANIMAL SUPPLIES (PETC, 12.63)-
The pet supply retailer beat expectations by 2 cents as second quarter
earnings rose 78% to 19 cents a share. Revenues rose 20% to $236.2
million, and same store sales jumped 12.1% during the quarter.
ROSS STORES (ROST, 42.31)- The
retailer announced a 2 for 1 stock split.
STEELCASE (SCS, 16)- The office
furniture maker warned that second quarter earnings will be 20 to 35 cents
a share, below the current analyst consensus estimate of 35 cents.
The company blamed the shortfall on lower than expected gross margins and
below expectation sales volume.
TOYS R US (TOY, 16)- The toy
retailer said CEO Robert Nakasone had resigned unexpectedly.
8/26/99
TECHNICAL
DIFFICULTIES
8/25/99
AMERICAN
SOFTWARE (AMSWA, 3.75)- The software maker beat expectations by a
penny as it earned 4 cents a share in its first quarter, an improvement
over last year's loss of 16 cents. Revenues rose 3% to $28.2 million
in the quarter.
BANK ONE (ONE, 55.63)- The bank
holding company said that its credit card unit FirstUSA was experiencing a
slowdown due to account attrition, slower industry growth, and increased
competition. ONE warned that full year earnings as a result will
fall short of analysts estimates of $3.92 a share. The company now
sees earnings in the $3.60-$3.65 range.
FREMONT GENERAL (FMT, 16.81)- The
insurer said that lower than expected reinsurance recoveries in its
workers compensation business would result in a $50 million charge against
earnings. The company also plans to take a $25 million charge for
discontinued operations. The 2 charges will lower earnings by $1.07
a share. The company had been expected to earn 50 cents this
quarter.
FURON (FCY, 16.68)- The company's
second quarter earnings rose 20% to 38 cents a share, beating expectations
by 4 cents. Revenues fell to $117.2 million from $125 million last
year. The company attributed the revenue slowdown to weakness in
Europe, a slowdown in the U.S. commercial aircraft business, and a delay
in releasing new medical products.
MANDALAY RESORT GROUP (MBG, 21)-
The casino operator missed estimates by 2 cents, earning 29 cents a share
in its second quarter. Revenues rose to $516.18 million from $384.66
million in last year's second quarter.
NEWBRIDGE NETWORKS (NN, 27.56)-
The maker of communications networking equipment beat first quarter
estimates by 2 cents as it earned 18 cents a share. Revenue rose 8%
sequentially to C$495 million in the quarter.
8/24/99
AAVID
THERMAL TECHNOLOGY (AATT, 19.75)- The company has agreed to be
acquired by private equity investment firm Willis Stein for $25.50 a share
in cash in a $260 million deal.
COLORADO MEDTECH (CMED, 22.81)-
The provider of outsourced services and medical products earned 21 cents a
share in its fourth quarter, an increase of 69%, and two cents above
estimates. Revenues rose 32% to $19 million in the quarter.
E-LOAN (EELN, 23.38)- The company
will acquire CarFinance.com for 2.88 million shares. The deal will
give Bank of America, which owns 80% of CarFinance.com, a 5% ownership
stake in E-LOAN.
HUMMINGBIRD COMMUNICATIONS (HUMC,
20.07)- The maker of enterprise software said its third quarter
revenues rose 27% to $42.5 million. the company beat expectations by
13 cents, earning 52 cents a share.
LOGILITY (LGTY, 3.88)- The
software maker beat expectations by 3 cents, earning 6 cents a share in
its fiscal first quarter as revenues increased 28% to $8.4 million in the
quarter.
PPTV VISION SYSTEMS (PPTV, 4.88)-
The company reported a much wider than expected third quarter loss of 19
cents a share. Analysts were looking for a loss of 6 cents.
Revenues fell to $2.92 million from $3.19 million in last year's third
quarter.
ROCKY MOUNTAIN CHOCOLATE FACTORY (RCMF,
5.88)- The company has agreed to be acquired by Whitman's Candies for
$6.25 a share.
SILICON GRAPHICS (SGI, 12.44)-
The struggling workstation maker named Robert Bishop as its new chairman
and CEO, replacing Richard Belluzo who resigned to pursue other
interests.
8/23/99
AMERICAN
NATIONAL CAN GROUP (CAN, 16.38)- The beverage can maker's earnings
rose 7.5% to 72 cents per share in its second quarter as revenues fell
7.7% to $657 million. the company cited lower can volumes in the
U.S. and Brazil, European currency effects, and lower metals prices for
the decline in earnings.
DATA RACE (RACE, 2.97)- The maker
of remote communications products reported a 54% drop in fourth quarter
revenues. The company cited a delay in product shipments for the
decline in revenues.
DBT ONLINE (DBT, 31.25)- The
company has agreed to purchase KnowX.com and other Internet businesses
from Information America for $25 million in cash and 329,172 DBT
warrants. The provider of public records data expects the deal to be
dilutive to earnings.
EQUITEX INC (EQTX, 10.31)- The
financial services marketing holding company's second quarter loss
narrowed to 10 cents a share from last year's loss of 25 cents.
FLORIDA PROGRESS (FPC, 44.63)-
The utility is in talks to be acquired by Carolina Power & Light in a
$5.2 billion deal, according to the New York Times. The merger would
value each FPC share at $54.
GEORGIA PACIFIC (GP, 46.68)- The
paper maker received a favorable mention in this week's Barron's, with a
1-year $60 target price.
IVILLAGE (IVIL, 41.5)- The
Internet web site operator has acquired Lamaze Publishing Co for $5
million in cash and 1.7 million shares of IVillage.
PARK PLACE ENTERTAINMENT (PPE, 11.06)-
The company was the subject of a favorable cover story in this weekend's
Barron's, with a target price of $15.
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Last modified: April 02, 2000
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