FFBN Tech Wrap: Index Hits Record Again
09/08/1999
Federal Filings Newswires
(Copyright (c) 1999, Dow Jones & Company, Inc.)
ISSUER: FEDERAL FILINGS BUSINESS NEWS
SYMBOL: X.FFI
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"The Daily Technology Market Wrap-Up"
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Published By The Federal Filings Technology Group
September 8, 1999
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The Federal Filings Technology Index inched up 0.1% to 23,248.15
Tuesday, still managing to reach a new record high. Three of the sub-
indexes also chimed in with more record gains.
For the third time in a row, the Semiconductor Index expanded its
record to 5,560.95, up 0.1%. Advanced Micro Devices Inc. (AMD) soared 10.7%
to 23 1/4. C-Cube Microsystems Inc. (CUBE) advanced 7.2% to 32 1/2. The
Semiconductor Equipment Index reached a record high for a second day in a
row, moving 1% higher to 178.58. FSI International Inc. (FSII) vaulted
12.9% to 8 3/16. PRI Automation Inc. (PRIA) jumped 9.6% to 37 1/4.
The Computer Index followed with a record performance of its own,
adding 1% to 5,824.13. The Programming & Information Services Index climbed
0.9% to 154.86. Aspen Technology Inc. (AZPN) roared 10.5% ahead to 9 3/16
and Analysts International Corp. (ANLY) finished at 13 7/8, up 9.9%.
(ATML) jumped 8.9% to 38 3/8.
The Software Index slipped 0.7% to 6,367.79. Integrated Systems
Inc. (INTS) surged 15.3% to 12 1/4. Symantec Corp. (SYMC) followed with an
8.5% increase to 34 15/16. Unigraphics Solutions Inc. (UGS) fell 3.7% to 29
3/8.
Investors' concerns over an interest hike were prevalent once again
as the Dow Jones Industrial Average dropped 44.32 points to 11,034.13. The
Standard & Poor's 500 lost 6.79 points to 1,350.45, and the Nasdaq Composite
Index slid 5.85 points to 2,837.26.
COMPANY NEWS:
Net Pct EPS EPS
Close Change Change 99E 2KE
IMRGLOBAL CORP. (IMRS) 16 7/16 -5/8 -3.7% $0.96 $1.25
IMRGlobal has revised its projected earnings for the third quarter ending
Sept. 30. The company anticipates third-quarter revenue to be in the range
of $62 million and $67 million. In addition, IMRGlobal expects third-
quarter earnings in the range of 12 cents to 16 cents a share, below
analysts' estimates of 25 cents a share.
Net Pct EPS EPS
Close Change Change 99E 2KE
DATA GENERAL CORP. (DGN) 19 +3/8 +2.0% $(0.13)$(0.04)
EMC CORP. (EMC) 64 11/16 +1 13/16 +2.9% $1.05 $1.37
Data General set an Oct. 8 shareholders meeting to vote on its proposed
merger with EMC. Only shareholders of record on Sept. 6 will be eligible to
vote on the agreement. Under terms of the transaction, EMC will give 0.3262
share for each of Data General's 51.2 million shares outstanding.
Net Pct EPS EPS
Close Change Change 99E 2KE
USWEB/CKS (USWB) 25 1/4 +2 3/8 +10.4% $0.46 $0.74
USWeb/CKS completed its acquisition of Mitchell Madison Group, a consulting
firm, for 14.4 million USWeb/CKS common shares. Tom Steiner was named
president and chief operating officer of USWeb/CKS following the completion
of the transaction.
Net Pct EPS EPS
Close Change Change 2KE 01E
MOTOROLA INC. (MOT) 100 +4 7/8 +5.1% $2.04 $3.01
RATIONAL SOFTWARE CORP. (RATL) 29 3/4 0 0.0% $0.91 $1.17
SCIENT CORP. (SCNT) 74 1/2 +9 11/16 +15.0% $(0.23) $0.26
IXL ENTERPRISES INC. (IIXL) 28 5/8 +3 5/8 +14.5% $(0.75)$(0.54)
Lehman Brothers Inc. lifted Motorola's rating to "buy" from "outperform,"
First Albany Corp. raised Rational Software's rating to "accumulate" from
"neutral," Lehman Brothers initiated coverage of Scient at "buy," and
Robinson-Humphrey Co. started coverage of iXL Enterprises at "near-, long-
term buy."
Net Pct EPS EPS
Close Change Change 99E 2KE
ELECTRONIC DATA SYSTEMS CORP. (EDS) 58 1/4 +1 +1.8% $1.86 $2.24
Electronic Data Systems approved the repurchase of up to 27 million common
shares. The company said the buyback hedges against its long-term exposure
to outstanding options and restricted stock units. Electronic Data Systems
will repurchase 5 million shares from General Motors Corp.'s (GM) hourly-
rate employees pension plan, a minimum of 1.9 million shares from Delphi
Automotive Systems Corp's (DPH) pension plan through Sept. 30. Electronic
Data Systems has 493 million shares outstanding.
Net Pct EPS EPS
Close Change Change 2KE 01E
WIND RIVER SYSTEMS INC. (WIND) 16 0.0 0.0% $0.63 $0.85
Wind River Systems hired Tom St. Dennis as its new chief executive officer,
effective Sept. 20. The company has been searching for a replacement since
late April when former CEO Ron Abelmann resigned.
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THE FEDERAL FILINGS TECHNOLOGY INDEXES
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INDEX CLOSE NET CH PCT CH YTD CH
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FEDERAL FILINGS TECHNOLOGY INDEX 23248.15 15.31 0.07% 38.43%
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COMPUTER & RELATED EQUIPMENT
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Computer 5824.13 58.55 1.02% 26.78%
Storage 645.14 10.83 1.71% 33.00%
Peripheral 119.35 0.62 0.52% 26.06%
Networking 2830.56 -3.40 -0.12% 53.99%
Electronics & Circuit Boards 492.57 3.22 0.66% 37.84%
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SOFTWARE & PROGRAMMING
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Software 6367.79 -44.15 -0.69% 29.83%
Programming & Information Svcs 154.86 1.31 0.85% 4.35%
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SEMICONDUCTOR & RELATED EQUIPMENT
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Semiconductor 5560.95 8.01 0.14% 60.34%
Semiconductor Equipment 178.58 1.81 1.03% 69.43%
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INTERNET 1074.22 -21.51 -1.96% 34.53%
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Gee L. Lee
Technology Reporter
(202) 628-7681
e-mail: gee.lee@fedfil.com
Note: All earnings estimates provided by Zacks Investment Research.
Index components are available on request.
FEDERAL FILINGS CONTACTS: (202) 393-7856 for Editorial,
(202) 628-8990 for Newswire Sales,
(888) FED-FILE for Technical Support
fedfil.com
(END) FEDERAL FILINGS-DOW JONES NEWS 09-08-99
09:01
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