FRIEDMANS INC (FRDM, 6.81)- The jewelry retailer reported a wider than expected fourth quarter loss of seven cents per share, compared to estimates of a loss of five cents.  Revenues increased 15.6% to $62.5 million in the quarter, and same store sales rose 3.5%.

GLOBIX CORP (GBIX, 42.63)- The Internet data center operator reported a wider than expected fourth quarter loss of $2.06 per share.  Analysts were looking for a loss of $1.85 in the quarter.  Revenues increased 97% to $11.4 million in the quarter, with Internet segment revenues rising 129% to $4.7 million.  The shares fell 2.63 in after hours trading on the news.

LEARNING TREE INTERNATIONAL (LTRE, 18.88)- The IT training company beat estimates by seven cents as fourth quarter earnings rose 30.8% to 26 cents per share.  Revenues declined 1.1% to $48.52 million in the quarter.

PETCO ANIMAL SUPPLIES (PETC, 11.81)- The pet store operator beat estimates by five cents as it earned 23 cents per share in the third quarter, compared to last year's loss of 9 cents.  Revenues increased 22% to $249 million in the quarter, and same store sales jumped 13.2%.  Gross margins improved to 27.2% from 25.4% in last year's third quarter.  The shares are up 1.69 in after hours trading on the news.

SYCAMORE NETWORKS (SCMR, 280.63)- The maker of networking products reported a fiscal first quarter loss of 11 cents per share, compared to last year's loss of 5 cents.  Revenues increased 72% sequentially to $19.5 million in the quarter.  The shares fell 5.50 in after hours trading on the news.

US OFFICE PRODUCTS CO (OFIS, 3.38)- The office supplies distributor and owner of Mail Boxes Etc. lost 75 cents per share in its fiscal second quarter, an increase from last year's loss of 11 cents.  Revenues fell to $642.5 million from $677.2 million last year.  The company said full year earnings could be "as much as 10%" below previous forecasts due to slower than expected sales in its office supplies business.

APPLIED MATERIALS (AMAT, 110)- The chipmaking equipment company beat estimates by 13 cents as it earned 77 cents per share in its fourth quarter, compared to last year's two cents.  Revenues increased 10% to $1.57 billion in the quarter. The company said new orders rose 13% sequentially to $1.65, and gross margins improved to 50.1% from the third quarter's 48.7%. The shares are down 3/4 in after hours trading on the news.

COMMERCE ONE INC (CMRC, 310)- The company announced a 3 for 1 stock split.  The shares surged 29.88 in after hours trading on the news.

HEWLETT PACKARD CO (HWP, 77.43)- The computer and printer maker beat lowered estimates by a penny as fourth quarter earnings increased 4.2% to 75 cents per share.  Revenues increased 10% to $11.4 billion.

NEOMAGIC CORP (NMGC, 11.68)- The maker of multimedia chips beat estimates by five cents as third quarter earnings fell 51.5% to 16 cents per share, compared to last year's 33 cents.  Revenues rose 4% to $67.4 million in the quarter.  the shares are up 3/8 in after hours trading on the news.

RESTORATION HARDWARE (RSTO, 7.25)- The home furnishings retailer reported a wider than expected third quarter loss of 10 cents per share, compared to last year's loss of 5 cents per share.  Revenues rose 30.5% to $64.8 million in the quarter, but same store sales fell 0.2%.

SAFESKIN CORP (SFSK, 10.81)- The surgical glove maker has agreed to be acquired by Kimberly Clark Corp (KMB, 68.06) in an $850 million all stock deal that values the company at $13.40 per share.  Under the terms of the agreement, each SFSK shareholder will receive 0.1956 shares of KMB for each Safeskin share held.

SIZZLER INTERNATIONAL (SZ, 2.5)- The steakhouse operator reported its 12th straight quarter of higher earnings growth as second quarter earnings rose 28% to seven cents per share.  Revenues increased 8.3% to $55.3 million in the quarter.  The company also announced a 1.5 million share buy back (5.3% of outstanding shares).

ARIBA INC (ARBA, 210)- The maker of business-to-business e-commerce software has agreed to acquire software maker Trading Dynamics Inc in a $400 million all-stock deal.

AUTHENTIC FITNESS CORP (ASM, 19.5)- The swimwear maker has agreed to be acquired by Warnaco Group (WAC, 14.43) for $20.80 per share in a $540 million deal.

BOB EVANS FARMS (BOBE, 14.63)- The family-style restaurant operator met expectations as second quarter earnings came in flat at 37 cents per share.  Revenues increased 3% to $245.6 million in the quarter.  The company said same restaurant sales increased 3.1% in the quarter, but comparable sales growth in October slowed to a 1.8% pace.  The company said restaurant margins were hurt by higher labor costs in the quarter, and its food products business was hurt by higher labor, marketing, and raw materials costs.  The company warned that third quarter earnings will be "slightly below" the 34 cents earned in  last year's quarter.

CONTINENTAL MATERIALS (CUO, 22.25)- The construction materials and HVAC company earned 78 cents per share in its third quarter, a penny above last last year, as revenues rose 15% to $33.4 million in the quarter.

CRANE CO (CR, 18.43)- The engineered products maker warned that fourth quarter earnings will be 15%-20% below last year's $0.51 due to lower than expected results in its Aerospace and Merchandising Systems units.

E.PIPHANY INC (EPNY, 112.5)- The Internet software maker has agreed to acquire  e-marketing software maker RightPoint Corp for 3.5 million shares of stock in a deal valued at $394 million.

HOT TOPIC INC (HOTT, 38.5)- The specialty apparel retailer beat estimates by 19 cents as third quarter earnings soared 142% to 87 cents per share.  Revenues rose 67% to $47.96 million in the quarter, and same store sales jumped 26.1%.  The company attributed the better than expected results to strong back to school and Halloween sales, and said early holiday season sales results have been positive.

LYCOS INC (LCOS, 59.88)- The Internet portal and search site met expectations as it earned a penny per share in its fiscal first quarter.  Revenues increased 24% sequentially, and 126% from the prior year, to $56 million in the quarter.  The shares gained 4 points in after hours trading on the news.

MMC NETWORKS INC (MMCN, 22)- The maker of Network Processors warned that lower than expected sales to its customer Cisco Systems will result in fourth quarter earnings and revenues falling short of expectations.  The company sees revenues of $11-$13 million and expects to post a "slight loss" in the quarter.  Analysts were looking for a profit of 10 cents per share.  The company attributed the revenue slowdown to a product transition.

MTS SYSTEMS CORP (MTSC, 9.91)- The maker of computer based simulation systems warned that fiscal 1999 earnings will fall short of expectations.  The company sees earnings near $0.71 per share, previous estimates called for 95 cents. MTSC blamed the shortfall on higher costs and weakness in its Materials Testing business.  The company plans to take a fourth quarter charge of $0.12-$0.15 to cover the costs of a restructuring.

REAL NETWORKS INC (RNWK, 136)- The company will join the NASDAQ 100 at the open on next Monday.

REVLON INC (REV, 10.43)- The cosmetics company missed estimates by six cents as it posted a wider than expected third quarter loss of $3.21 per share.  Revenues fell 17.5% to $452.4 million in the quarter.  U.S. sales tumbled 25.2% in the quarter as the company tried to reduce customer inventory levels. The company said discussions are continuing on the sale of certain Latin American brands and its professional products division, and expects the sale proceeds to exceed $500 million.  Revlon also warned that full year results will be worse than current estimates of a loss of $3.46 per share.

STAPLES INC (SPLS, 24.75)- The office supplies retailer beat estimates by a penny as third quarter earnings rose 33% to 20 cents per share on a 25% revenue gain to $2.37 billion.  The company said same store sales rose 9% in the quarter.

APPLIED GRAPHICS TECHNOLOGIES (AGTX, 7.25)- The media services company lost four cents per share in its third quarter, significantly below the profit of 17 cents expected by analysts.  Revenues rose 44% to $179.9 million in the quarter.  The company said its results were negatively impacted by a slowdown in advertising and promotion spending by the film industry.

BERLITZ INTERNATIONAL (BTZ, 20)- The provider of foreign language instruction services reported a third quarter loss of 10 cents per share, compared to last year's profit of 10 cents.  Revenues increased by $5.1 million to $119.5 million in the quarter.  Results were negatively impacted by weak economic conditions in Asia and Latin America, but the company said its Asian business is beginning to recover.

DAXOR CORP (DXR, 15.75)- The maker of blood volume measurement kits earned $0.01 per share in its third quarter, compared to breakeven results last year.

GLOBALSTAR TELECOMMUNICATIONS (GSTRF, 27.94)- The company was the subject of a positive article in this weekend's Barron's.

LEISURE TIME CASINOS & RESORTS (LTCR, 9.25)- The gaming company reported a narrower than expected fiscal first quarter loss of 11 cents per share.  Analysts were looking for a loss of 19 cents.  Revenues declined to $11.1 million from $13.6 million last year.

METRETEK TECHNOLOGIES (MTEK, 5.38)- The maker of energy measurement devices reported a third quarter loss of 14 cents per share, compared to last year's loss of four cents.  Revenues in the quarter were flat at $4.6 million.  The company said it will continue to spend heavily over the next two quarters to develop its "eBusiness" consumer energy marketplace.

MICROSOFT CORP (MSFT, 89.19)- The company was given a breakup value of $65 per share by an analyst in this weekend's Barron's.

NATIONAL DATA CORP (NDC, 26.81)- The company's stock was called undervalued in an article in this weekend's Barron's.

MINING SERVICES INTERNATIONAL (MSIX, 2.43)- The supplier of explosives used in mining earned a penny per share in the third quarter, compared to last year's 16 cents.  Revenues in the quarter declined to $7.24 million from last year's $8.06 million.  The company believes that the recent rise in gold prices will allow its operations in Nevada, Colombia, and Canada to return to profitability in 2000.

OAK INDUSTRIES (OAK, 49.75)- The fiber optic maker has agreed to be acquired by Corning Inc (GLW, 90.75) in a $1.8 billion deal that values OAK at $75 per share.  Under the terms of the deal OAK shareholders will receive 0.83 shares of GLW for each OAK share held.  Corning expects the deal to be accretive to next year's earnings.

OMNICARE INC (OCR, 11.38)- The company received a favorable mention in this weekend's Barron's.  A health-care hedge fund manager sees the company benefiting from an expected increase in the use of generic drugs in coming years, and from an expected increase in Medicare payment rates.  The company is seen earning $1.20 per share next year.

RAG SHOPS INC (RAGS, 1.94)- The fabric retailer lost 16 cents per share in its fourth quarter, compared to last year's loss of 15 cents, as revenues increased 10.8% to $20.59 million.  The company said same store sales increased 4.5% in the quarter.

SYNBIOTICS CORP (SBIO, 2.13)- The maker of animal health products reported a wider than expected third quarter loss of 13 cents per share, compared to expectations of a loss of four cents and last year's loss of nine cents.  Revenues fell 12% to $5.98 million in the quarter.  The company attributed the lower results to a change in product mix.