After hours news and warnings -->
Interwoven (IWOV) 16.95 -1.97: Company announces the availability of Interwoven TeamXpress for IBM's new WebSphere User Experience offering. Interwoven TeamXpress is available directly from IBM (IBM); see press release.
Barr Labs (BRL) 67.70 -0.55: -- Update -- Company announces that a US Court of Appeals has reaffirmed its earlier decision invalidating the patent protecting Eli Lilly's (LLY) Prozac anti-depressant. The decision invalidates the patent that would have prevented generic competition prior to December 2003. Barr said that it expects to launch its generic 20 mg capsule product on August 3, 2001 at the expiration of Eli Lilly's pediatric exclusivity; see press release.
After Hours Action : Last trade and change from mkt close: TECD 26.25 -2.00...MIKE 36.00 +0.01...ALOY 11.00 +0.25...PHSY 18.31 -0.19.
Cypress Semi (CY) 20.98 -1.77: Announces the acquisition of ScanLogic, a provider of USB controllers for embedded and PC applications. Deal is expected to be accretive to 2001 earnings, and will be accounted for as a purchase; see press release.
24/7 Media (TFSM) 0.37 unch: Company warns; expects Q2 revenues between $18 and $21 mln, compared with the $22 to $25 mln range previously expected (consensus is $23.25 mln). The reduction in revenue is a direct result of the removal of Exactis and Sabela revenues; see press release.
PacifiCare Hlth (PHSY) 18.50 -0.51 (halted): Company warns that FY01 EPS will be $1.65-1.75 vs the current consensus of $2.45 and Q2 will be comparable to Q1's $0.39 vs consensus of $0.45, cites higher than expected costs in its California operations; see press release.
Optimal Robotics Corp. (OPMR) 27.10 +1.13: Company announces it will acquire substantially all of the assets of the information technologies service business of Alpha Microsystems, LLC for approximately $5.8 mln, of which $4.7 mln is being paid by the assumption of certain liabilities and the balance is being paid in cash; see press release.
Citrix Systems (CTXS) 25.09 -1.25: Announced that Mark B. Templeton, the current president, has been appointed CEO, effective immediately. Roger W. Roberts will remain Chairman of the Board; see press release.
Hartmarx Corp (HMX) 2.76 -0.09: Announces agreement to acquire substantially all the assets of the Consolidated Apparel Group; see press release.
Tech Data (TECD) 28.60 -3.49 : Reports Q1 earnings of $0.57 a share, $0.07 better than the First Call consensus of $0.50, vs year-ago earnings of $0.68; revenues fell 5% to $4.68 mln from a year-ago of $4.92 mln. Company warns for Q2; sees sales of $4.1 to $4.3 bln and EPS of $0.39-0.45; current EPS estimate is $0.51; see press release.
Alloy Online (ALOY) 10.75 +0.56: Reports Q1 loss of $0.20 a share, $0.02 better than the First Call consensus of ($0.22); revenues rose 238.2% to $28.24 mln from a year-ago of $8.35 mln. Company issues Q2 revenue guidance in the range of $23 to $24 mln (consensus is $23.3 mln) and pro forma loss to be in the $2.4 to $2.6 mln range; see press release.
Michaels Stores (MIKE) 35.90 -1.55: Reports Q1 EPS of $0.30, $0.02 better than consensus, vs $0.25 in the year-ago period. Revenue of $524.7 mln was up 10.7% from the year-ago period; see press release. |
