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Strategies & Market Trends : The Thread II
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To: stan s. who started this subject6/11/2001 12:08:43 PM
From: SirRealist  Read Replies (1) of 9026
 
News bytes:

11:41 ET Anadigics (ANAD) 18.15 -1.33 (-6.8%): -- Update -- Trading resumes.

11:32 ET Goldman Sachs (GS) 92.82 -2.54 (-2.7%): Financial services stocks come under pressure as rumor circulates that Goldman Sachs will issue an earnings warning. The speculation has pushed GS shares to fresh session lows and contributed to weakness in the DJIA (-88).

11:23 ET Anadigics (ANAD) : -- Update -- Stocks to watch in reaction to ANAD comments include competitors RFMD, AHAA, TQNT, CNXT. Company's biggest customers are ERICY and MOT, which accounted for 44% and 26% of

11:18 ET Cree (CREE) 28.14 -1.78 (-6%): Banc of America Sec. downgraded (after the open) to BUY from Strong Buy in reaction to Spectrian (SPCT) warning (20% of revenues); firm believes that shipments to Spectrian have largely been completed for the current qtr, which means the slowdown for that customer could impact Sept qtr results.

11:12 ET Anadigics (ANAD) 18.52 halted: -- Update -- Company issues press release ahead of conference call. Announces 10% reduction in workforce and projects Q2 basic loss of $0.44; loss using historical tax rates is estimated at $0.28... Company says Q2 revenues remain on track, but that low fab utilization and start-up costs will result of 10% gross margin.

10:50 ET Scientific-Atlanta (SFA) 52.00 -2.23 (-4.1%): Comcast Cable selects company to assist in the installation, integration, and digital launch support of VOD across 10 large cable systems.

10:23 ET Tripath Technology (TRPH) 9.15 +0.27 (+3%): Announces that Motorola (MOT) will use Tripath's Class-T digital audio amplifiers to help power its Digital Convergence Platform, a new line of consumer electronic products distributed through retail channels targeted for the consumer market.

10:19 ET Liberty Digital (LDIG) 5.35 +0.57 (+11.9%): Positive reaction by investors to appointment of former Disney exec. to the CEO post at company's digital music unit, DMX/AEI Music
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