Nasdaq 100 After Hours Indicator currently trading down 6.67 -->
Allied Riser (ARCC) 1.02 -0.06: Facilities-based provider of broadband data, video and voice communications services announces
further cost reductions, reduces workforce by 117, roughly 23%; see press release.
Active After Hours : Nasdaq 100 After Hours Indicator currently trading down 6.67...stocks on the move (change vs. close)...CHRT
trading down 1.75 following its downside warning after the close today...SVVS trading up 1.14, almost 83% after it announced a 5-year
contract with Reuters...CRDS trading down 1.07 after it missed the consensus estimate by $0.03.
AT&T (T) 21.91 -0.19: Briefing.com is hearing that AT&T priced 25 mln shares at $21; we do not yet have any details on the
offering.
EchoStar (DISH) 36.58 +1.03: -- Update -- Company issues press release confirming what Briefing.com reported earlier - they are
offering $1 bln in convertible notes due 2008; see press release.
SAVVIS Comm (SVVS) 1.31 -0.03: -- Update --In their 10-Q filing, provider of high performance global data networking and
Internet-related services reports Q1 loss of $0.62 a share, $0.01 better than the First Call consensus of ($0.63).
SAVVIS Comm (SVVS) 1.65 +0.31: Announces that it has entered into a commitment with a Reuters subsidiary on a five-year
contract for payments totaling $366 mln to provide networking services to customers of the BRIDGE businesses that are to be acquired
by Reuters; see press release.
Mercury Interactive (MERQ) 74.21 +4.59: Provider of software for testing the functionality and performance of Internet and
client/server applications announces acquisition of privately held, Freshwater Software, for $147 mln in cash for all of Freshwater's
outstanding capital stock; see press release.
Chartered Semi (CHRT) 32.85 +1.75: -- Update -- Will host a conference call at 9:00 pm ET (9:00 am Singapore time): (913)
981-5520 Res# 431647, replay (719) 457-0820. Stock trading down to $31.05 after hours.
Allergan (AGN) 84.76 +1.67: Global health care company and Oculex Pharmaceuticals announce that they have entered into a
license and research collaboration agreement to discover, develop and commercialize compounds for ophthalmic use, based on
Oculex's proprietary biodegradable and resevoir drug delivery technologies; see press release.
Rural Cellular (RCCC) 36.60 +4.58: Company announces the signing of a definitive agreement with Country Road Communications
selling certain assets, primarily from its Saco River ILEC operations, for approximately $35.5 mln; see press release.
Phillips Petro (P) 67.27 -0.25: Phillips Alaska, a wholly owned subsidiary of Phillips Petro, and Anadarko Petroleum Corporation
(APC 68.48 +0.14) announce the first discoveries in the National Petroleum Reserve-Alaska since the area was reopened to
exploration in 1999; see press release.
Iomega (IOM) 3.48 +0.02: Company announces the resignation of Bruce Albertson as President and Chief Executive Officer and as
a Member of the Board of Directors; a special committee of the Board will oversee management of the company until a successor is
named; see press release.
EchoStar (DISH) 36.58 +1.03: Stock trading down sharply to 34.00 after hours; Briefing.com is hearing that UBS Warburg priced a
convertible note offering after the close; still awaiting details of the offering.
Chartered Semi (CHRT) 32.75 +1.65: Semiconductor foundry warns Q2 will be a loss of $0.76-0.78; current First Call estimate is
($0.52); cites weaker-than-expected market conditions and the prolonged process of bringing inventories into balance throughout the
supply chain; see press release.
CyberOptics (CYBE) 11.50 +0.26: Announces that its board of directors has authorized the repurchase of up to 500,000 shares of
the company's common stock; CyberOptics has approximately 8.0 mln shares outstanding; see press release.
OpenTV (OPTV) 10.15 +0.40: Company and Phillips Semiconductor, a division of Philips Electronics enter into Interactive
Television alliance; the integration of OpenTV's iTV middleware solution with the Nexperia's Home Entertainment Engine platform is
expected to deliver interactive television applications on both today's set-top boxes and "next generation" boxes; see press release.
Redback Ntwrks (RBAK) 19.00 +1.01: Company announces that CEO Vivek Ragavan has resigned to pursue other opportunities;
Pierre Lamond to serve as interim CEO as company searches for a new President and CEO. Conference call to discuss changes:
719-457-2637 at 5 pm ET. Stock trading down to 18.15 after hours.
E*TRADE (ET) 9.85 +0.65: -- Update -- Announces that it plans to sell approximately $250 mln aggregate principal amount of
Convertible Subordinated Notes that will be in due 2008 in a private placement; see press release.
Storage Computer (SOS) 7.34 +0.66: Announces that company has redeemed $700,000 of its Series A Convertible Preferred
Stock, and all of the outstanding shares of Series B Convertible Preferred Stock; total repurchase cost was approximately $2,172,000;
see press release.
Wind River Sys (WIND) 24.14 +1.62: Company names Michikazu Fujiyoshi as president of Wind River Japan; Fujiyoshi will serve
on Wind River's executive staff and be responsible for field operations, including all sales and service activities in Japan; see press
release.
Crossroads Sys (CRDS) 8.92 +0.22: Fibre channel networking company reports Q2 loss of $0.21 a share, $0.04 worse than the
First Call consensus of ($0.17), vs year-ago earnings of $0.06; revenues fell 8.2% to $10.21 mln from a year-ago of $11.12 mln; see
press release. |
