(Applies to: ATSN CES NN ONE MBG)
FEATURED ARTICLES FROM S&P PERSONAL WEALTH
NEW YORK, Aug. 25 /PRNewswire/ -- Read the following articles
exclusively at S&P Personal Wealth (http://www.personalwealth.com).
Standard & Poor's is a division of the McGraw-Hill Companies:
"S&P Index Changes -- Who's In, Who's Out"
personalwealth.com
Standard & Poor's announced changes in the S&P MidCap 400 and SmallCap
600 Indexes. Artesyn Technologies (Nasdaq: ATSN) will replace
Commonwealth Energy System (NYSE: CES) in the S&P SmallCap 600 Index
after the close of trading on Wednesday, August 25. Commonwealth
Energy
and BEC Energy are merging into a new holding company to be called
NSTAR
(NST). The transaction is still subject to SEC approval. For more
changes, check out this morning's Word on the Street.
"S&P Reiterates Avoid on Newbridge Networks Shares"
personalwealth.com
Standard & Poor's reiterated its 2 STARS (avoid) recommendation on shares
of Newbridge Networks (NYSE: NN) despite the company reporting better
than expected fiscal 2000 (Apr.) earnings per share of US$0.18, before
non-recurring gains and charges. S&P analyst Mark Cavallone says the
results were aided by a stronger Canadian dollar, orders that slipped
from the fourth quarter, and management's conservative guidance after the
prior quarter's preannouncement. Word on the Street brings you comments
every trading day from Wall Street's top equity analysts on stocks or
industries that are moving significantly.
"Bank One Warns of 1999 Earnings Shortfall"
personalwealth.com
Bank One (NYSE: ONE) sees 1999 operating earnings per share of
$3.60-$3.65, down 7%-8% from current estimates. The company cited a
change in growth and margin prospects for First USA, its credit card
unit. PaineWebber and Merrill both downgraded the shares. Other stocks
featured in this morning's MarketMovers include Mandalay Resort Group,
Northrop Grumman, Analog Devices, Semtech Corp., Texas Instruments, Fluor
Corp., and Walt Disney Co.
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SOURCE Standard & Poor's
-0- 08/25/99 /CONTACT: Mike Fink of
Standard & Poor's, A Division of The McGraw-Hill Companies,
212-438-4792/
/Web site: personalwealth.com (ATSN CES NN ONE)
CO: Standard & Poor's ST: New York IN: FIN PUB SU:
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