SP99Z 1319 -7.00
YEN: 107.64 +1.36
27 New Highs 146 New Lows NYSE
102 New Highs 74 New Lows Nasdaq
decisionpoint.com
decisionpoint.com
06:50 [MOT] MOTOROLA SHARES SHED 2 TO 92 15/16 IN PRE-MARKET TRADING, MADOFF
06:50 [INTC] SHARES OF INTEL ARE DOWN 4 11/16 TO 72 IN PRE-MARKET TRADING, MADOFF
Intel Corp. (INTC): The No. 1 semiconductor maker said third- quarter earnings fell short of expectations as sales of microprocessors, the brains of personal computers, lagged some forecasts. It earned 55 cents a share before acquisition-related charges, compared with a 57-cent average estimate of analysts surveyed by First Call Corp. Intel rose 3/16 to 76 11/16.
Motorola Inc. (MOT): The No. 2 cell-phone maker took a $994 million third-quarter charge to boost its reserves in the cash- strapped Iridium satellite system and said it may have to set aside more money. The company also said earnings, not including the charge and gains from the sale of businesses, rose as it sold more cellular phones and semiconductors. Motorola fell 1 11/16 to 94 15/16.
Compaq Computer Corp. (CPQ): Prince Alwaleed Bin Talal of Saudi Arabia denied reports that he's buying shares of the biggest maker of personal computers. Shares of Compaq rose 6 percent after a message appeared on the Jagnotes.com Internet site saying the prince was buying shares. The message was followed by a Dow Jones wire service report citing unnamed sources. A spokesman for Alwaleed denied the reports. Compaq rose 1 5/16 to 23 3/16.
AlliedSignal Inc. (ALD): The largest maker of flight-safety systems will fire 400 workers in Phoenix by month's end because of a drop in demand for commercial planes, company spokesman Bill Reavis said. The workers, mostly middle management in Phoenix and Tempe, Arizona, were told last month that job cuts were likely. AlliedSignal fell 2 3/4 to 60 3/8.
Duramed Pharmaceuticals Inc. (DRMD): The generic drugmaker said the U.S. Food and Drug Administration approved its generic version of Abbott Laboratories' Demerol painkiller. The drug, an orally administered tablet form of the drug, will be the eighth generic version of Demerol to come in a tablet form. Duramed rose 7/8 to 9 1/2.
Emulex Corp. (EMLX): The maker of computer-networking products said it will split its stock 2 for 1; shareholders as of Oct. 4 must approve the measure. Emulex fell 6 to 105.
E-Tek Dynamics Inc. (ETEK): The maker of parts for the fiber- optic equipment in phone networks said its first quarter profit before charges rose to 17 cents a share for the period ended Oct. 2, compared with a 14-cent average estimate of analysts polled by First Call. E-Tek rose 3 1/4 to 67 1/4.
IXL Enterprises Inc. (IIXL): The Internet services company and some of its shareholders filed with the Securities and Exchange Commission to sell 7 million shares, which are worth more than $270 million at current prices. The number of shares outstanding will increase by 2.9 percent to 70 million, based on details in the filing. IXL rose 1/4 to 38 5/8.
Seagate Technology Inc. (SEG): The world's largest independent computer disk-drive maker reported a profit in its fiscal first quarter, despite price cuts and a restructuring charge. It earned 1 cent a share, compared with a 7-cent average loss predicted by analysts polled by First Call Corp. Seagate fell 3/8 to 31 3/8.
Silicon Storage Technology Inc. (SSTI): The maker of computer-memory chips reported third-quarter earnings of 2 cents a share, compared with a 32-cent loss a year ago. Silicon Storage fell 1/8 to 17 5/16.
Terayon Communications Systems Inc. (TERN): The cable modem maker agreed to buy closely held Telegate Ltd. for $100 million and will acquire Radwiz Ltd. for about $50 million in stock. Terayon also said it lost $1.18 a share in its third quarter, wider than the 63-cent loss last year. Terayon fell 3 3/16 to 41 15/16.
Tricon Global Restaurants Inc. (YUM): The No. 2 U.S. restaurant company said third-quarter profit from operations rose to 70 cents a share, from 58 cents a year earlier on higher sales at its Pizza Hut chain and overseas. Tricon fell 1/4 to 41 13/16.
Whirlpool Corp. (WHR): The world's largest maker of washers, stoves and other large appliances said third-quarter profit from operations rose to $1.40 a share, beating estimates of $1.34, according to nine analysts polled by First Call. Whirlpool fell 1/16 to 63 5/16. |
