After Hours Indications : Futures are mixed on a few warnings and two earnings reports. S&P futures at 1187, trade one point below
fair value while Nasdaq 100 futures at 1640, trade two points above fair value.
DoubleClick (DCLK) 12.02 -0.74: -- Update -- On conference call, management says they expect advertising weakness "through at least
Q4, if not through the middle of next year." stock at 12.00.
After Hours Movers : Somewhat of a mixed bag in the late session. Prices relative to 4 pm close... RATL +0.26 after beating consensus
by a penny. DCLK -0.12 after beating consensus for the current qrt and warning for the upcoming qtr. YHOO -0.20 in sympathy. The
Compaq release is taking the shape of a non-event with CPQ +0.25, DELL +0.14, SUNW +0.03. MDT +0.20 after it receives approval
for its heart device from an FDA panel as expected.
Compaq Reaction : Compaq turns around now with CPQ +0.26... DELL +0.09 in sympathy.
Compaq (CPQ) 13.76 -0.44: -- Update -- Resumes trading; CPQ 13.50 -0.26 versus 4 pm close.
Medtronic (MDT) 47.75 +1.45: Newswires reporting that MDT received approval for its heart device from an FDA panel, as had
been expected.
Allstate Corp (ALL) 42.30 -0.30: Company warns for Q2; cites an active spring storm season, combined with significant damage due to
Tropical Storm Allison; see press release.
Compaq (CPQ) 13.76 -0.44: -- Update -- Company will hold a conference call at 5:30 ET; Dial in number: 712-257-3734 Password:
Compaq.
DoubleClick (DCLK) 12.02 -0.74: -- Update -- Company warns for Q3; sees loss of $0.06 vs. current EPS estimate of ($0.04).
DoubleClick (DCLK) 12.02 -0.74: Reports Q2 loss of $0.07 a share, $0.01 better than the First Call consensus of ($0.08); revenues
reported at $101.9 mln which is in line with consensus estimate; revs fell 20.4% vs. year-ago level of $128.09 mln; see press release.
Compaq (CPQ) 13.76 -0.44: -- Update -- Company says Europe is getting worse; "It is now clear that the economic slowdown is
spreading overseas, and we will therefore move more swiftly and go even deeper in our structural cost reduction programs."'
Compaq (CPQ) 13.76 -0.44: -- Update -- Maintains Q2 outlook on earnings; but warns on revs at $8.4 bln vs. Multex consensus of
$8.9 bln; will cut an additional 4,000 jobs; see press release. |
