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
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