FYI - There is quite a bit of INCORRECT earnings info published this evening. The last paragraph of this newswire is totally incorrect. Hopefully BEA PR will contact AP and also Investor's Business Daily and correct the WRONG info they provided to the world today....
News Alert from AP Online via Quote.com
Topic: (NYSE:IBM) International Business Machines Corp, (NASDAQ:ZONA) Zonagen, Inc., (NASDAQ:VRTS) VERITAS Software Corporation, (NYSE:MAT) Mattel Inc, (NASDAQ:SUNW) Sun Microsystems, Inc., (NYSE:WMT) Wal Mart Stores Inc, (NASDAQ:KSTN) Keystone Financial, Inc., (NASDAQ:MSFT) Microsoft Corporation, (NYSE:MTB) M&T Bank Corp., (NYSE:A) Agilent Technologies Inc, (NASDAQ:BEAS) BEA Systems, Inc., (NYSE:AWE) AT&T Wireless Group, (NYSE:HWP) Hewlett Packard Co
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Quote.com News Item #14038398
Headline: Big Movers in the Stock Market
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NEW YORK (AP) - Stocks that have been moving substantially or
trading heavily today on the New York Stock Exchange and Nasdaq
Stock Market.
NYSE
AT&T Corp., down 13/16 at 38 1/16
Salomon Smith Barney analyst Jack Grubman cut his revenue and
earnings forecast for AT&T, citing deterioration in the consumer
long-distance business. Grubman lowered his 12-month price target
to 65 from 75.
Mattel Inc., up 1 1/2 at 12 3/4
Robert A. Eckert, the former top executive at Kraft Foods, was
named chairman and CEO of the troubled toy manufacturer. Eckert
replaces Jill Barad, who resigned in February after three turbulent
years as chief executive officer.
Agilent Technologies Inc., down 18 1/4 at 77 3/4
The company, a spinoff of Hewlett-Packard, said Tuesday its
fiscal second-quarter net income rose 5.7 percent, while orders
surged 38 percent. But Agilent saw weakness in its
healthcare-products and chemical-analysis equipment lines.
National Presto Industries Inc., down 4 9/16 at 30 1/4
The company, a maker of small household appliances, said it
expects a significant reduction in sales to Wal-Mart Stores Inc.,
which plans a shift to marketing private label merchandise.
NASDAQ
Veritas Software Corp., up 7 5/16 at 111 5/16
The company will provide its complete set of storage management
software to IBM for use in its AIX/Monterey server systems. Veritas
already has contracts with Sun Microsystems, Hewlett-Packard and
Microsoft, and investors had perceived IBM as the last major
holdout.
Keystone Financial Inc., up 4 1/4 at 20
M&T Bank Corp. plans to acquire Keystone Financial Inc. for $1
billion in stock and cash. The combined company will have 424
branches in New York and Pennsylvania, and 25 banks in Maryland and
Virginia.
Zonagen Inc., down 15/16 at 3 13/16
The Food and Drug Administration is requesting an additional
two-year rodent study before considering Zonagen's impotence drug,
Vasomax, for approval. Zonagen is appealing the decision.
BEA Systems Inc., down 6 19/64 at 42 13/16
The company widened its losses to 3 cents per share in the first
quarter, from 1 cent per share in the first quarter of 1999. BEA
provides technology used in electronic commerce.
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