EBKR made this morning's list of HOT STOCKS on Bloomberg:
bloomberg.com
Hot Stocks
Tue, 18 Jan 2000, 8:35am EST
U.S. Equity Preview: Ebookers.com, E-Tek Dynamics, Ethan Allen
By Maxine Clayton
U.S. Equity Preview: Ebookers.com, E-Tek Dynamics, Ethan Allen
New York, Jan. 18 (Bloomberg) -- The following is a list of
companies whose shares may move in U.S. markets on Tuesday, Jan.
18. U.S. Equity Preview includes news that broke after the
markets closed. Friday's closing prices are included. The markets
were closed yesterday. The stock symbol is in parentheses after
the company name.
Accessible Software Inc. (ASWE): International Business
Machines Corp. (IBM) agreed to buy the software maker for more
than $75 million, or $7.10 a share, in cash. Accessible Software
rose 1 3/4 to 9 3/4.
Allied Holdings Inc. (AHI): The hauler of cars and light
trucks expects fourth-quarter earnings to be 65 to 75 cents a
share, higher than the average estimate of 63 cents of analysts
polled by First Call/Thomson Financial. Allied fell 1/4 to 7 1/8.
America Online Inc. (AOL): The online service must pay a fee
of about $5.4 billion if it backs out of its agreement to buy
Time Warner Inc. (TWX) for $160 billion in the largest
acquisition ever, according to a government filing. America
Online fell 2 1/2 to 63. Time Warner rose 5/16 to 83 1/4.
American Home Products Corp. (AHP): The drugmaker is dusting
off plans to sell its shrinking agricultural-chemicals unit as
prospects dim for its takeover of rival Warner-Lambert Co. (WLA),
people familiar with the situation said. American Home rose 1 5/8
to 44 1/4. Warner-Lambert rose 1 13/16 to 93 11/16.
Analysts International Corp (ANLY): The software-services
provider said lingering effects of the Y2K slowdown in software
activity are likely to constrain third-quarter profits. Analysts
International was unchanged at 11 13/16.
Arcadia Financial Ltd. (AAC): The consumer finance company
said it expects a loss in the fourth quarter and a reduction to
its gain on sale revenue. Arcadia rose 1/8 to 4 3/4.
Baker Hughes Inc. (BHI): The oilfield services company plans
to restate its earnings because two unidentified senior officers
misrepresented the company's financial position and artificially
inflated its stock, a complaint says. Baker Hughes rose 1/4 to 22
3/4.
Baltimore Technologies Plc (BALT): The software maker agreed
to buy GTE Corp.'s (GTE) CyberTrust Solutions Inc. for $150
million in stock to increase its U.S. business. Baltimore
American depositary receipts, each representing one ordinary
share, rose 5 13/16 to 89 1/16.
Bass Plc (BAS): The owner of Holiday Inn and other lodging
chains agreed to pay $208 million in cash for Southern Pacific
Hotel Corp. to fill the Asia-Pacific gap in its operations. Bass
American depositary receipts, each representing one ordinary
share, were unchanged at 11 5/8.
Bell Industries Inc. (BI): The computer-services company
said billionaire investor Warren Buffett sold his 5.3 percent
stake in the company, and that it plans to move its stock to the
Nasdaq Stock Market from the New York Stock Exchange because its
equity has fallen below the minimum required by the NYSE. Bell
shares were unchanged at 5 7/8.
Caere Corp. (CAER): ScanSoft Inc. (SSFT) agreed to buy the
maker of scanner software for $143.4 million in cash and stock,
buying out a competitor in the digital-imaging market. Caere
shareholders will get $4 in cash and $7.75 in ScanSoft stock for
each of their shares. Caere was unchanged at 7 7/16. ScanSoft was
unchanged at 5 3/8.
Centennial Cellular Corp. (CYCL): The provider of wireless
telephone services said it bought 70 percent of closely held All
America Cables and Radio Inc. for $25 million to add customers in
the Dominican Republic. Centennial fell 3/16 to 85 5/16.
Clarify Inc. (CLFY): Microsoft Corp. (MSFT) chose the
customer-support software firm to provide its eFrontOffice
software as part of Microsoft's Web-based customer support
worldwide. Clarify fell 3 5/32 to 117 7/8.
Coastal Corp. (CGP): El Paso Engery Corp. (EPG) agreed to
buy the oil refiner for $16 billion in stock and assumed debt to
create the world's biggest gas distributor. Coastal rose 1 11/16
to 36. El Paso fell 3/16 to 37 1/8.
Commercial Intertech Corp. (TEC): Parker Hannifin Corp. (PH)
said it will buy the maker of cylinders, pumps and valves for
hydraulic systems for $473 million in cash, stock and assumed
debt to add more equipment for systems used on dump trucks, fork
lifts and backhoes. Commercial Intertech rose 1 3/8 to 16 5/8.
Comtech Telecommunications Corp. (CMTL): The maker of
telecommunications equipment said it filed a registration with
the Securities and Exchange Commission to sell 2.3 million shares
to the public. Comtech fell 1/16 to 15 1/4.
Convergys Corp. (CVG): The provider of billing and customer
services to wireless companies could see annual profit growth of
about 20 percent, with earnings per share rising to $1.24 from 98
cents last year, Ethan Silverman, manager of SilverTree E*TV
Capital, told Barron's in its ``Up & Down Wall Street' column.
Convergys fell 11/16 to 29 3/16.
Cort Business Services Corp. (CBZ): Wesco Financial Corp.,
which is 80 percent owned by Warren Buffett's Berkshire Hathaway
Inc. (BRK/A), agreed to buy the furniture renter for $467 million
in cash and assumed debt. Cort rose 3/8 to 17 1/8.
Creditrust Corp. (CRDT): The collector of delinquent credit-
card accounts is offering to pay 15 percent interest on a private
placement of $20 million to $55 million. The interest rate on the
three-year notes is 5.57 points higher than the 9.43 percent rate
it paid on five-year notes sold in August, according to an
offering summary obtained by Bloomberg News. Creditrust was
unchanged at 6 13/16.
Delta & Pine Land Co. (DLP): The cottonseed producer said
its loss for the first quarter ended Nov. 30 widened to 16 cents
a share, before special charges, from 15 cents a year ago,
primarily because of a delay in shipments to foreign units. Delta
& Pine rose 3/4 to 18 3/8.
Diebold Inc. (DBD): The maker of ATMs said its Brazilian
unit received a $105.5 million contract to supply voting
machines, the company's largest single contract ever. Diebold
fell 3/16 to 25.
DoubleClick Inc. (DCLK): The Internet advertising company is
expected to report 1999 revenue of about $275 million and turn a
profit this year, perhaps in the third quarter, Lazard Freres &
Co. analyst Dana Serman told Barron's. DoubleClick rose 5 to 120
3/4.
Ebookers.com Plc (EBKR): The U.K. online travel company said
it signed an agreement with Wal-Mart Stores Inc.'s (WMT) Asda
unit to offer travel-information services on the Internet.
Ebookers.com American depositary receipts, each representing one
ordinary share, rose 6 3/4 to 21.
Eni SpA (E): The oil and gas firm and two power companies
agreed to buy 49 percent of Galp-Gas e Petroleos de Portugal SGPS
SA, an oil and gas company controlled by the Portuguese
government, for $1.41 billion. Eni American depositary receipts,
each representing 10 ordinary shares, fell 1/4 to 52 7/8.
E-Tek Dynamics Inc. (ETEK): JDS Uniphase Corp. (JDSU) agreed
to acquire the maker of parts used to boost capacity and signals
on fiber-optic communications networks for about $15 billion in
stock. JDS Uniphase will pay 1.1 share of its stock for each
share of E-Tek, or $211.40. E-Tek rose 6 3/16 to 135 7/8. JDS
Uniphase rose 4 1/2 to 192 3/16.
Ethan Allen Interiors Inc. (ETH): The furniture maker and
retailer said fiscal second-quarter earnings rose 17 percent as
the company opened new stores and improved existing ones. Ethan
Allen rose 9/16 to 26 3/8.
First Southern Bancshares (FSTH): The bank holding company
said its fourth-quarter net income rose to 20 cents a share from
13 cents a year ago. First Southern was unchanged at 11 1/2.
Glaxo Wellcome Plc (GLX) and SmithKline Beecham Plc (SBH):
The companies agreed to create the world's biggest drug company
in a stock swap worth $75.8 billion, after a wave of mergers
among rivals heated up competition. Glaxo American depositary
receipts, each representing two ordinary shares, rose 2 to 60.
SmithKline ADRs, each representing five ordinary shares, rose 3
5/16 to 70.
Greg Manning Auctions Inc. (GMAI): The auctioneer's GMAI-
Asia.com Inc. said it plans to pay $3.6 million in stock and up
to $4.8 million in debt for a 65 percent stake in a distribution
network now wholly owned by China Everbright Technology Ltd.,
which sells computer peripherals and mobile phones in China. Greg
Manning rose 1/8 to 19 1/2.
Kinnard Investments Inc. (KINN): Stockwalk.com Group Inc.
(STOK) said it's dropping its offer to purchase the investment
banking firm for $8 a share, or $39.2 million. Kinnard was
unchanged at 7 1/2. Stockwalk.com rose 1/4 to 7 3/4.
LSI Logic Corp. (LSI): The maker of custom semiconductors
said it licensed chip technology to Broadcom Corp. (BRCM) that
allows high-speed voice transmission over the Internet. LSI Logic
rose 4 1/8 to 72 3/4.
Motorola Inc. (MOT): The cellular-phone maker said fourth-
quarter profit more than tripled on sales of digital mobile
phones and a turnaround in its semiconductor business. Profit
from operations rose to 82 cents a share from net income of 26
cents a year earlier. Motorola rose 12 7/16 to 151.
MyPoints.com Inc. (MYPT): Great Universal Stores Plc (GUS
LN), a U.K. mail-order company, said it will form a joint venture
with the online direct marketer to develop Internet and direct-
marketing services. GUS has a 13 percent holding in MyPoints.com.
MyPoints.com rose 1/2 to 60 1/2.
Net Perceptions Inc. (NETP): The software maker said it
agreed to acquire closely held KD1 Inc., which advises retailers
on in-store and online sales, for $126.4 million. Net Perceptions
rose 3/16 to 56 7/16.
Osmonics Inc. (OSM): The maker of water-purification and
fluid-filtration products said it expects to break even for the
fourth quarter after charges and to post a 5 cent-a-share loss
from operations. Osmonics fell 1/8 to 9 3/4.
Papa John's International Inc. (PZZA): The operator of pizza
restaurants said part of its costs from a lawsuit brought against
it by rival Pizza Hut will be recorded as a charge of 10 cents a
share in the fourth quarter. Papa John's fell 1/16 to 26.
PC-Tel Inc. (PCTI): The developer of specialized modem
technology said Compaq Computer Corp. (CPQ) is using PC-Tel's new
modems in some of its PCs. PC-Tel was unchanged at 57 1/2.
Philip Morris Cos. (MO): The tobacco company and rival R.J.
Reynolds Tobacco Holdings Inc. (RJR) raised prices by about 7
percent to boost profit and pay for rising taxes and payments for
a legal settlement. Philip Morris fell 1/4 to 24 1/4. R.J.
Reynolds was unchanged at 19 13/16.
Pimco Advisors Holdings LP (PA): The investment-management
company said it will report fourth-quarter earnings of 33 cents
to 35 cents a unit, below expectations of 44 cents, the average
estimate of four analysts polled by First Call. Pimco was
unchanged at 37 7/8.
Precision Optics Corp. (POCI): The maker of optical products
said its net loss for the second quarter ended Dec. 31 widened to
9 cents a share from 5 cents a year earlier because of expected
lower sales of medical and night vision products. Precision
Optics fell 5/16 to 14 15/16.
Red Hat Inc. (RHAT): The developer of the free Linux
computer-operating system filed with the Securities and Exchange
Commission to sell about 4 million shares of common stock worth
$529 million. Red Hat rose 15/16 to 132 1/4.
Remedy Corp. (RMDY): The software maker and Commerce One
Inc. (CMRC) agreed to integrate Remedy's Purchasing@Work
software, which shortens order and processing time between the
customer and supplier, into Commerce One's Web site. Remedy rose
1 5/16 to 42 13/16. Commerce One fell 7 7/8 to 166.
RSA Security Inc. (RSAS): The maker of software security
products and Microsoft Corp. (MSFT) are extending their
relationship by embedding RSA's technology into Microsoft's new
Windows 2000 operating system. RSA rose 3 to 74.
SAP AG's (SAP): The maker of business-management software's
1999 profit will be cut by as much as 360 million euros ($365
million) because of its stock-based employee incentive program,
Die Welt newspaper reported. SAP American depositary receipts, 12
of which represent a share, fell 1/2 to 62 1/2.
SBC Communications Inc. (SBC), Bell Atlantic Corp. (BEL) and
BellSouth Corp. (BLS): The three remaining U.S. ``Baby Bells,'
local telephone-service providers created in the breakup of AT&T
Corp. in 1984 are being undervalued and overlooked in the wake of
America Online Inc.'s (AOL) agreement to buy Time Warner Inc.
(TWX), Barron's reported. SBC rose 1 3/16 to 42. Bell Atlantic
rose 3/4 to 56 5/16. BellSouth fell 11/16 to 43 11/16.
Travelers Property Casualty Corp. (TAP): The insurance
provider boosted its quarterly dividend on Class A and B shares
12 percent to 14 cents a share from 12.5 cents in the previous
quarter. The dividend is payable Feb. 25 to shareholders of
record Feb. 7. Travelers rose 3/8 to 37 3/8.
Tyco International Ltd. (TYC): The electronic-connectors
maker's undersea fiber-optic cable unit will build an undersea
fiber optic communications network that will connect 25 cities
worldwide. Tyco also plans to offer as much as 20 percent of this
unit for sale in an initial public offering. Tyco rose 1/2 to 34
7/8.
VerticalNet Inc. (VERT): Softbank Corp., Japan's Internet
investment company, said it will form a joint venture with the
firm, which runs business-to-business Web sites, to support
electronic commerce between companies. VerticalNet rose 15/16 to
139 11/16.
Tickers: EBKR ETH ETEK |
