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THIS MORNING'S STOCKS WEEK OF 9/13/99-9/17/99

9/17/99

ADOBE SYSTEMS (ADBE, 97.88)- The maker of graphics software beat estimates by 8 cents, earning 88 cents a share in its third quarter.  Revenue rose 20.6% to $260.9 million in the quarter.  The company attributed its better than expected performance to strong sales of its web publishing products.  Adobe also announced a 2 for 1 stock split.  The shares rose 4 points in after hours trading on the news.

ASV INC (ASVI, 15.56)- The maker of all purpose crawler vehicles warned that third quarter revenues and sales will fall short of expectations.  The company sees third quarter revenues 6%-12% below the second quarter's $9.06 million, and expects earnings to be below $0.07 a share.  Analysts were looking for earnings of 13 cents in the quarter.

EBAY INC (EBAY, 151.75)- The company's shares are down 5 points in European trading on competition worries after Excite At Home, Lycos, Microsoft, and Dell announced plans to form a competing auction network.

NIKE INC (NKE, 54.75)- The athletic shoe maker beat estimates by 5 cents, earning 70 cents a share in its fiscal first quarter.  Total revenues were flat at $2.5 billion, with the company reporting 4% revenue growth in its footwear operations and a 6% revenue decline in its apparel business.

OGDEN CORP (OG, 19.5)- The company warned that third quarter earnings will be "substantially below" the current consensus estimate of 68 cents a share.  The company also said it planned to eliminate its dividend.

TIBCO SOFTWARE (TIBX, 35.75)- The maker of Internet software reported a wider than expected loss of 7 cents a share in its third quarter.  Analysts were looking for a loss of 4 cents.  Revenue rose 121% to $24 million in the quarter.

9/16/99

ALIGN-RITE INTERNATIONAL (MASK, 14.75)- The photomask maker has agreed to be acquired by Photronics (PLAB, 24.25) for $23.09 a share in a $115 million deal.

BIOGEN INC (BGEN, 84.13)- The biotech's shares rose 2 points in after hours trading after the company said it expects to report third quarter earnings of 38 cents a share, two cents above the current consensus estimate.  The company attributed the better than expected showing to strong sales of its MS drug Avonex.

BIRMINGHAM STEEL (BIR, 7.63)- The steelmaker reported a wider than expected loss of 59 cents a share in its fourth quarter, compared to estimates of a 17 cent loss.  Revenues in the quarter fell to $183.97 million from $214.21 million in last year's fourth quarter.

BURLINGTON COAT FACTORY WAREHOUSE (BCF, 18.75)- The apparel retailer reported a narrower than expected first quarter loss of 14 cents a share, beating estimates by 6 cents.  Revenues rose 12.8% to $391.7 million in the quarter, and same store sales increased 7.5%.

HELEN OF TROY (HELE, 12.25)- The maker of hair dryers and artificial fingernails warned that second quarter earnings will be 26 to 28 cents, two cents below the current consensus estimate.  The company blamed the shortfall on lower than expected retail sales of its products.

JABIL CIRCUIT (JBL, 48.31)- The circuit board maker's fourth quarter earnings fell 2 cents below the consensus expectation of 32 cents a share.  Revenues rose 69% to $536.5 million in the quarter.

QUINTILES TRANSNATIONAL (QTRN, 34.75)- The provider of clinical trials services warned that third quarter earnings will fall short of estimates due to cancellations of several drug testing trials.  The company sees earnings of 27 cents a share, analysts were looking for 36 cents.

RENAISSANCE WORLDWIDE (REGI, 4.06)- The consulting firm warned that third quarter revenues and earnings will be below current expectations. The company sees revenues of $180-$185 in the quarter and expects earnings to be $0.01-$0.02 a share.  Analysts were looking for earnings of 11 cents.  The company blamed the shortfall on a slowdown in demand for IT consulting and staffing services.

RESPIRONICS (RESP, 9.75)- The medical device maker warned that fiscal first quarter earnings could be as much as 5 cents below the current consensus analyst estimate of 19 cents a share.  The company said revenues in the quarter could fall 5% from last year's $86.4 million.

TARRANT APPAREL GROUP (TAGS, 11.25)- The apparel maker warned that lower margins will cause third quarter and full year earnings to fall short of current analysts' expectations.  The company sees third quarter earnings of $0.30-$0.33 a share, and full year earnings of $1.20.  Analysts were looking for third quarter earnings of 59 cents and full year earnings of $1.71.

VITESSE SEMICONDUCTOR (VTSS, 86.13)- The company announced a 2 for 1 stock split.

9/15/99

BOSTON SCIENTIFIC (BSX, 35.31)- The medical device maker warned that third quarter revenues will be below expectations due to lower than expected sales of its coronary stents.  The company now sees revenues of $690 million in the quarter.

DENDRITE INTERNATIONAL (DRTE, 41.69)- The company announced a 3 for 2 stock split.

GREAT PLAINS SOFTWARE (GPSI, 55.25)- The maker of back office software beat expectations by two cents as it earned 22 cents a share in its fiscal first quarter.  Revenue rose 47% to $39.9 million in the quarter.

ORACLE CORP (ORCL, 45.43)- The database software maker met expectations as first quarter earnings rose 21% to 16 cents a share.  Revenues rose 21% to $2 billion in the quarter, with license revenue rising 9%, database software revenues increasing 8%, and service revenues jumping 16%.  The shares fell 4 points in after hours trading on the news.

SEAGATE TECHNOLOGY (SEG, 31.94)- The disk drive maker will take a $200 million charge in the current quarter and cut 10% of its workforce in an effort to cut costs.  The company expects the move to yield annual savings of $150 million.

SENSORY SCIENCE CORP (VCR, 2.56)- The maker of the Dual-Deck VCR warned that lower than expected sales of its digital TV products will cause second quarter earnings to fall short of expectations.  Analysts were looking for a profit of 11 cents in the quarter, the company now expects to incur a "small loss".

VERITY INC (VRTY, 57.25)- The maker of knowledge retrieval software earned 32 cents a share in its fiscal first quarter, double the consensus analyst estimate of 16 cents.  Revenues rose 50% to $19.8 million in the quarter.

9/14/99

ATLANTIS PLASTICS (AGH, 13.88)- The maker of plastic products said that it is considering strategic alternatives to enhance shareholder value, including the possible sale of the company.

DONALDSON CO (DCI, 20.25)- The maker of filtration systems beat estimates by 6 cents as it earned 39 cents a share in its fourth quarter.  Revenues rose 6% to $254.2 million in the quarter.  Total backlogs increased 17% to $283.7 million, and gross margins increased to 30.2% from 28.2% last year.

FEDERAL-MOGUL CORP (FMO, 39.38)- The auto parts maker warned that third quarter and full year results will fall short of current analysts' expectations.  The company sees $1.00-$1.05 a share in the third quarter and $4.20-$4.30 for the full year.  Analysts were looking for $1.25 in the third quarter and $4.75 for the full year.  The company blamed the shortfall on lower than expected productivity, a weakening in the global market for automotive aftermarket parts, and problems at its camshaft business.

FEDERAL SIGNAL (FSS, 20.56)- The maker of signaling products and emergency vehicles warned that third quarter earnings will be $0.30-$0.32 a share, compared to expectations of 37 cents.  The company blamed the lower than expected forecast on a delays in the delivery of its fire rescue vehicles, lower margins in its sign business, and lower than expected orders for street sweepers in the U.S.

GLOBE BUSINESS RESOURCES (GLBE, 13.5)- The provider of corporate housing and relocation services, and furniture rentals, warned that second quarter earnings will be $0.25-$0.30, below the current consensus estimate of 43 cents a share.  The company also said that it has hired an investment banker to explore strategic alternatives to enhance shareholder value.

HERBALIFE INTERNATIONAL (HERBA, 12)- The nutritional products maker has agreed to a $17 per share buyout offer from its CEO Mark Hughes.

INTERMET CORP (INMT, 11.43)- The auto parts maker warned that third quarter earnings will be "slightly below" the current consensus estimate of 35 cents a share.

PIER 1 IMPORTS (PIR, 5.68)- The retailer reported second quarter earnings of 12 cents a share, a penny below expectations.  Revenues rose to $291.8 million from the prior year's $281.5 million.

SMART MODULAR TECHNOLOGIES (SMOD, 24.31)- The maker of memory modules has agreed to be acquired by Solectron Corp (SLR, 73.75) in a $2 billion deal.  SMOD shareholders will receive 0.51 shares of SLR for each share held.  SLR expects the deal to add 9 cents a share to fiscal 2000 earnings.

TOSCO CORP (TOS, 26.38)- The company will join the SP 500 after the close on Friday.

9/13/99

CONEXANT SYSTEMS (CNXT, 77.63)- The company announced a 2 for 1 stock split this morning.

ENERGIS PLC (ENGSY, 133.5)- The telecom provider said that it is in talks to acquire Racal Telecom from Racal Electronics Plc.

HARBINGER CORP (HRBC, 13.88)- The e-commerce software provider expects to meet or beat analysts' estimates of a 9 cents a share third quarter profit.

KORN/FERRY INTERNATIONAL (KFY, 19.38)- The consulting group said that it will acquire $40 million in revenues executive search firm PA Consulting Group for $35 million in cash.

MEDWAVE INC (MDWV, 7.25)- The medical equipment maker's first quarter revenues tumbled nearly 80% to $40,183.  The company's loss widened to 11 cents a share from last year's 9 cents.

MOTOROLA (MOT, 98.75)- The company is reportedly planning a $10 billion bid for General Instruments Corp (GIC, 52.5) according to the Los Angeles Times.

OEC MEDICAL SYSTEMS (OXE, 34.88)- The medical device maker warned that problems associated with a product transition will result in lower than expected third quarter revenues and earnings.  The company now sees third quarter revenues of $35-$40 million and breakeven earnings. Analysts were looking for a profit of 37 cents in the quarter.  The company said the product transition issues have been rectified and it expects to "meet or exceed" frouth quarter expectations.

PAIRGAIN TECHNOLOGIES (PAIR, 12.88)- The telecom equipment maker warned that third quarter earnings and revenues will be "well below" current consensus analyst estimate of 2 cents a share.  The company blamed the shortfall on lower than expected revenues in its T1 access and subscriber carrier businesses.

POSSIS MEDICAL (POSS, 9.81)- The cardiovascular device maker reported a narrower than expected fourth quarter loss of 16 cents a share, compared to expectations of a 21 cent loss.  Revenues increased 171% to $4.76 million in the quarter.

SINGER CO NV (SEW, 1.63)- The sewing machine maker and consumer durables retailer has filed for Chapter 11 bankruptcy protection.

TAG HEUER INTERNATIONAL SA (THW, 13.13)- The watch maker said that it is in talks to be acquired by an undisclosed company.

TOTAL FINA SA (TOT, 67.38)- The French oil company will acquire Elf Aquitaine (ELF, 92.75) for $54 billion in an all stock deal.  The end to the hostile bidding war between the two companies was made possible after ELF withdrew its competing bid for TOT following a sweetened offer by TOT.  

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Last modified: April 02, 2000

Published By Tulips and Bears LLC