ALL AFTER HOURS NEWS AND WARNINGS -->
Rockwell Intl (ROK) 45.26 -0.87: -- Update -- Company also to reduce its workforce by approximately 1,000 and consolidate and close facilities; see press release.
Molex (MOLX) 37.35 +0.57: -- Update -- Company to host conference call at 5ET to discuss earnings warning and workforce reductions; dial-in number is 1-303-267-1000, conference ID:1071237
Rockwell Intl (ROK) 45.26 -0.87: Company warns for Q3; sees EPS of $0.45, vs estimate of $0.82 due to a decline in revenue in the automation business. Automation revenue is now expected to be approximately 15% below last year's Q3; cites further deterioration in North American industrial automation markets; see press release.
Intel (INTC) 31.16 +1.34: Company sees revenue, gross margin percentage and expenses for the second quarter will be within the previous expectations and slightly below the midpoint of the ranges provided on April 17. That guidance was: revenue to be in the $6.2 bln-$6.8 bln range; gross margin to be 49%, plus or minus a couple of points; and capital spending for 2001 to be roughly $7.5 bln. Amortization of goodwill and other acquisition related intangibles and costs, is expected to be higher due to the impact of acquisitions that have closed within the current quarter; see press release.
TranSwitch (TXCC) 14.86 +0.96: -- Update -- Company warns for Q2; sees loss of $0.10-$0.12 vs $0.05 profit anticipated by analysts; projects revenues of $10-$12 mln (consensus $29.8 mln); cites telecom weakness in N. America, which is now spreading Europe and some parts of Asia; see press release.
Weyerhaeuser (WY) 58.92 +0.56: Announced that it has extended its $50 per share cash tender offer for all of the outstanding common stock of Willamette Industries, (WLL) until midnight ET on June 28, 2001; see press release.
Handspring (HAND) 8.90 -0.10: Company warns for Q4; sees revenues for the period of $60-$65 mln (consensus $121.5 mln); cites short-term competitive inventory pressures, significant price reductions throughout the market and softened consumer demand over the past two months.
DuPont (DD) 46.82 +0.48: Company to sell the DuPont Pharmaceuticals Company to Bristol-Myers Squibb Company (BMY) for $7.8 bln in cash; see press release.
Lantronix (LTRX) 8.45 unch: Announced a definitive agreement to acquire privately-held, Lightwave Communications, a device and system console management solutions company. Lantronix will issue an undisclosed amount of common stock and cash for all outstanding shares of Lightwave; see press release.
Openwave (OPWV) 42.21 -1.50: Announced that Alain Rossmann, Chairman of the Board and Executive Vice President, Strategy, is leaving the Company to be CEO of Secret Seal Inc., a newly formed security infrastructure software company; see press release.
3Com Corp (COMS) 5.66 +0.16: -- Update -- Company warns for Q4; reduces Q4 revenue est. to $450-$475 mln (mean $556 mln); sees negative gross margins for the qtr; says lower sales volumes negatively affected manufacturing utilization and led to increased provisions for excess inventories; see press release.
Molex (MOLX) 37.35 +0.57: -- Update -- Company warns for Q4; sees $0.21-0.23; current EPS estimate is $0.26. Company will reduce worldwide employment by approximately 900 full time employees and approximately 600 temporary employees due to continuing weak industry conditions; see press release.
3Com Corp (COMS) 5.66 +0.16: -- Update -- Announces it will discontinue its line of consumer cable and digital subscriber line (DSL) modems; does not impact 3Com's continued focus on business DSL routers and modems; see press release. |
