CALIFORNIA AMPLIFIER (CAMP, 19.06)- The maker of microwave systems beat estimates by 4 cents as it reported earnings of 7 cents a share in its second quarter.  Revenues jumped 123% to $18.58 million in the quarter.  The company attributed the strong quarter to strong sales of DBS satellite products, but said that shipments of its wireless products continue to be soft.

CUTTER & BUCK (CBUK, 12.31)- The maker of golf apparel beat estimates by a penny in its fiscal first quarter as it reported earnings of 12 cents a share.  Revenues rose 64% to $29.2 million in the quarter.  The company said its fall 1999 bookings were up 42%.  Gross margin rose to 43.8% from 42.9% in the quarter.

DSP COMMUNICATIONS (DSP, 26)- The company is mentioned as a possible acquisition target in the latest issue of Business Week.

ILLINOIS TOOLWORKS (ITW, 80.13)- The maker of engineered components has agreed to acquire Premark International (PMI, 34.25) in a $3.4 billion merger that will value each Premark share at $55, based on yesterday's closing price.  The company expects the deal to be accretive to earnings if its share price remains near current levels.

INTUIT INC (INTU, 97.06)- The company announced a 3 for 1 stock split.  The shares surged 6.75 in after hours trading on the news.

LABOR READY (LRW, 10.63)- The provider of temporary staffing services warned that second half revenues and earnings will fall short of current expectations due to soft August sales.  Analysts were looking for the company to earn 33 cents in the third quarter and 87 cents for the full year.

MASTECH CORP (MAST, 16.19)- The InfoTech services provider warned that third quarter earnings will be $0.18-$0.22, below the current consensus estimate of 26 cents.  The company sees third quarter revenues of $116-$120 million, and blamed the shortfall on market conditions and lower revenue from one of its major customers.

NATIONAL SEMICONDUCTOR (NSM, 32)- The company's shares are up 3/4 in European trading after it reported a first quarter operating profit of $1.2 million, excluding a one time gain (including the gain, the company earned 25 cents a share in the quarter).  Analysts were looking for a loss of 14 cents in the quarter.  Revenues rose 2.6% to $481.8 million in the quarter, and first quarter bookings rose 12%.

POTASH CORP. OF SASKATCHEWAN (POT, 56.75)- The company is warning this morning that third quarter earnings will be half of the current consensus estimate of 55 cents a share.

ST. JUDE MEDICAL (STJ, 37.31)- The cardiac device maker will buy privately held Vascular Sciences for $100 million.  In a separate release, the company announced a $250 million stock buyback plan.

CONSECO INC (CNC, 25)- The insurer and lender said it will change its method of accounting for revenues.  The switch to the portfolio method of accounting will result in 1999 and 2000 earnings coming in at $2.95, and $3.00 a share, respectively.  Analysts were looking for 1999 earnings of $3.96 and 2000 earnings of $4.54.  The stock fell 1 1/2 in after hours trading on the news.

DELL COMPUTER (DELL, 47.63)- The PC maker made its first ever acquisition as it bought privately held data storage company ConvergeNet Technologies for 6.9 million shares in a $340 million deal.  Dell will take a charge of $0.05-$0.07 as a result of the transaction.

DRYPERS CORP (DYPR, 2.31)- The diaper maker will supply Wal-Mart's U.S. stores with private label Dri Bottoms diapers.

NOVO NORDISK (NVO, 59.13)- The drug maker plans to split the company into two separate units, with shareholders receiving one share in the diabetes products unit and one share in the industrial enzymes unit.

PAXSON COMMUNICATIONS (PAX, 16.5)- NBC is reportedly planning to buy 32% of the TV broadcaster, according to the WSJ.

REXAM PLC (REXMY, 5)- The packaging company's first half profits rose to  �86 million from last year's �84 million.  Revenues rose to �1.16 billion from �943 million in last year's first half.

FIRST AVIATION SERVICES (FAVS, 5.88)- The company's second quarter earnings rose 100% to 16 cents a share and revenues rose 31.5% to $48.9 million.

IMRGLOBAL CORP (IMRS, 16.43)- The information technology services provider warned that third quarter earnings will be $0.12-$0.16 a share, below the current consensus estimate of 21 cents.  The company blamed lower than expected revenues due to delays in program startups and a longer sales cycle for the shortfall.

INGRAM MICRO (IM, 19.31)- The computer wholesaler warned that price competition and gross margin pressures in its U.S. business will result in third quarter earnings of $0.14-$0.21, significantly below current expectations of a 41 cent profit.

JLG INDUSTRIES (JLG, 17.5)- The industrial equipment manufacturer met expectations of a 49 cent profit in its fourth quarter.  Revenues rose 45% to $256.6 million in the quarter.

LYCOS INC (LCOS, 43.63)- The Internet portal has agreed to acquire privately held  financial web site Quote.com for $78.3 million.

AMDOCS LTD (DOX, 27.5)- The company has offered to buy Int'l Telecommunication Data Systems (ITDS, 8.13) for $182 million.

BRITISH BIOTECH (BBIOY, 4.78)- Schering-Plough has agreed to partner with the biotech on the development of BBIOY's marimastat cancer drug.

CHAMPION INDUSTRIES (CHMP, 5.94)- The commercial printer and business forms maker said third quarter earnings fell to 3 cents a share from last year's 11 cents.  The company blamed its earnings decline on "sluggish sales" and investments in technology and employees.  Revenues fell 2% to $30 million in the quarter.  The company also said it is revising its fourth quarter earnings estimate to 10 cents a share.

ELECTRICIDADE DE PORTUGAL (EDP, 33)- The utility's first half operating profit fell to 98.75 billion escudos from last year's 109.75 billion escudos.  Revenues rose to 307 billion escudos from 297.5 billion escudos.

FSI INTERNATIONAL (FSII, 7.25)- The electronics maker warned that it expects fourth quarter revenues of $32 million, compared to current analyst expectations of $38 million.

INSIGHT COMMUNICATIONS (ICCI, 27.38)- The cable TV operator said second quarter revenues rose to $46.41 million from the prior year's $25.16 million.  The company reported a loss of $1.07 a share, compared to last year's profit of 7 cents.

MITCHAM INDUSTRIES (MIND, 4.71)- The maker of seismic equipment reported a wider than expected second quarter loss of 22 cents a share, compared to estimates of a loss of 17 cents.  Revenue declined precipitously to $625,000 from the prior year's $7.7 million.

NATIONAL WESTMINSTER BANK (NW, 112)- Life insurer Legal & General Group Plc has agreed to be acquired by NatWest for 210 pence per share in a $17.2 billion stock and cash deal.

NAVIGATORS GROUP (NAVG, 13.88)- The insurer warned that it will take a third quarter charge of $0.45-$0.50 to cover the write-off of reinsurance recoverables.