Sorry I'm late with this. After the close news -->
Time Warner Tcom (TWTC) 48 -1.90: Reports Q1 loss of $0.26 a share, $0.03 better than the First Call consensus of ($0.29);
revenues rose 72.9% to $173.13 mln from a year-ago of $100.14 mln; the increase in the net loss was primarily a result of the acquisition
of the GST assets and the related increase in depreciation and interest expense; company expects to offer fiber-based telecom solutions for
business customers in 44 U.S. markets by the end of 2001; see press release.
Network Cmrc (NWKC) 0.29 +0.06: Reports Q1 loss of $0.28 a share, $0.01 worse than the First Call consensus of ($0.27);
revenues fell 45.9% to $10.11 mln from a year-ago of $18.68 mln; major restructuring continues; staffing levels have been reduced from
660 in October to 220 today; certain businesses have been shut down, several facilities and locations closed and a number of other assets
impaired; the company is exploring strategic alternatives, which may include a merger, an asset sale and additional equity or debt
investment; see press release.
Triton PCS (TPCS) 39 -1.31: Reports Q1 loss of $0.73 a share, $0.04 better than the First Call consensus of ($0.77); revenues rose
80.4% to $113.36 mln from a year-ago of $62.85 mln; the company recorded $61.2 mln in capital expenditures toward the construction
of its network buildout and added 55,592 net new customers in the quarter; see press release.
Edison Intl (EIX) 9.13 -0.12: Edison Mission Energy, a subsidiary of Edison Intl, announces today that it has commenced an offer to
exchange up to $600 mln aggregate principal amount of new 9.875% Senior Notes for an equal principal amount of its outstanding
9.875% Senior Notes; Midwest Generation, a subsidiary of Edison Mission, also announces that it has commenced an offer to exchange
up to $333.5 mln aggregate principal amount of new 8.30% Series A Pass-Through Certificates and up to $813.5 mln aggregate principal
amount of new 8.56% Series B Pass-Through Certificates; see press release.
S&P 500 Changes : Pepsi Bottling Group (PBG) to replace Adaptec (ADPT) in the S&P 500 Index.
Genesis Microchip (GNSS) 15.15 +0.38: -- Update -- On conference call, mgmt saying they are seeing more price competition, but
volumes are rising. Expect gross margin of 46%-47% for fiscal 2002 (ending March). This past year has gross margin of 49%...company
has 43% market share in LCD flat panel market...DSOs went up by 9 days in MarQ to 71 days vs DecQ...stock trading at 16.50.
Genesis Microchip (GNSS) 15.15 +0.38: -- Update -- On conference call, this flat panel display chipmaker saying that JunQ "shaping
up to be a strong quarter;" 80% of business is already booked...SepQ and DecQ sales each should grow 10% sequentially...stock trading
at 16.50.
priceline.com (PCLN) 5.30 -0.78: -- Update -- Company reaffirms guidance for revenue and achieve pro forma operating profitability in
the 2nd quarter 2001.
priceline.com (PCLN) 5.30 -0.78: Chairman Richard S. Braddock has been reappointed as CEO. COO, Jeffery H. Boyd was named
President of the Company; see press release.
EMCORE (EMKR) 37.11 -2.44: Reports Q2 earnings of $0.08 a share, including unspecified non-recurring items. The First Call
consensus was ($0.07); revenues rose 100.2% to $47.91 mln from a year-ago of $23.93 mln; see press release.
SONICblue (SBLU) 4.20 -0.18: Announced the appointment of John J. Todd as the Company's CFO and COO; see press release.
Whole Foods (WFMI) 47.10 -1.95: Reports Q2 earnings of $0.54 a share, $0.01 better than the First Call consensus of $0.53, vs
year-ago earnings of $0.49; revenues rose 21.5% to $516.70 mln from a year-ago of $425.10 mln. Company expects to see top line
growth of 15-20% driven by a 17% increase in square footage year-over-year and comparable store sales of 6-8% for the third quarter
and 5-7% for the fourth quarter; see press release.
Vital Signs (VITL) 41.20 -0.50: Reports Q2 earnings of $0.48 a share, $0.02 worse than the First Call consensus of $0.50, vs
year-ago earnings of $0.36; revenues rose 15.2% to $40.87 mln from a year-ago of $35.48 mln; see press release.
High Speed Access (HSAC) 1.42 +0.18: Reports Q1 loss of $0.55 a share, $0.09 better than the First Call consensus of ($0.64);
revenues rose 251.3% to $7.00 mln from a year-ago of $1.99 mln; see press release.
MyPoints.com (MYPT) 1.02 +0.17: Reports Q1 loss of $0.29 a share, $0.06 better than the First Call consensus of ($0.35).
Revenues fell 37% to $10.03 mln; see press release.
Dell Computer (DELL) 25.91 +0.07: -- Update -- Company remains cautious about the outlook for the balance of the year. Plans to
announce full Q1 results and discuss Q2 expectations on May 17; there is no conference call associated with today's announcement.
VoiceStream (VSTR) 100.93 -1.13: -- Correction -- First Call estimate has fallen to ($2.55), making VSTR's actual per share loss a
penny better than consensus.
Choice One Comm (CWON) 8.90 -0.98: Reports Q1 loss of $1.96 a share, $0.02 worse than the First Call consensus of ($1.94);
revenues rose 413.3% to $34.85 mln from a year-ago of $6.79 mln; see press release.
Qualstar (QBAK) 7.50 +0.40: Company warns for Q4; sees EPS of $0.11-0.13; current EPS estimate is $0.14.
Dell Computer (DELL) 25.91 +0.07: Computer maker expects Q1 to meet previous guidance of $8 bln in revenue and earnings per
share of $0.17. Sees operating profit margin slightly exceeding previous guidance. Plans to eliminate 3,000-4,000 positions over the next
two qtrs; see press release.
Genesis Microchip (GNSS) 15.70 +0.93: -- Update -- Company raises revenue expectations in the June quarter to approximately
$20 mln (vs consensus of $19.39 mln) and expects sequential growth for the September and December quarters of approximately 10%.
Genesis Microchip (GNSS) 15.70 +0.93: Reports Q4 loss of $0.15 a share, $0.01 better than the First Call consensus of ($0.16), vs
year-ago earnings of $0.03; revenues rose 74.2% to $18.47 mln from a year-ago of $10.61 mln. GNSS also announced Alex Lushtak
was elected as the company's new Chairman, succeeding Genesis Founder and Former CEO Paul Russo.
US Unwired (UNWR) 8.50 -0.10: Reports Q1 loss of $0.40 a share, $0.07 better than the First Call consensus of ($0.47); revenues
rose 114.9% to $47.89 mln from a year-ago of $22.29 mln; see press release.
Vical (VICL) 14.13 +0.17: Reports Q1 loss of $0.10 a share, $0.04 better than the First Call consensus of ($0.14). Revenues of $2.4
mln were up 106% from Q1 2000 revenues of $1.2 mln; see press release.
UNUM Corp (UNM) 29.83 -0.12: Reports Q1 earnings of $0.61 a share, in line with the First Call consensus of $0.61, vs year-ago
earnings of $0.56; revenues fell 2.2% to $2.34 bln from a year-ago of $2.39 bln; see press release.
VoiceStream (VSTR) 101.65 -0.41: Reports Q1 loss of $2.54 a share, $0.01 better than the First Call consensus of ($2.55). Total
revenue for the first quarter was $732.1 mln, up 183% from $258.4 mln in the year-ago qtr; see press release. |
