All I can find on SEBL is a blurb in a Marketwatch report:
Juniper Jumps in Pre-Open; Rambus, AMD Fall
July 13, 2001 08:17:01 (ET)
NEW YORK (CBS.MW) - Shares of Juniper Networks rallied in pre-open
trading Friday after reporting results that met lowered estimates.
Meanwhile, indications mounted that U.S. share markets would give back some
of Thursday's hefty gains. Among the decliners were Rambus and Advanced
Micro Devices, which reported quarterly results after Thursday's closing bell.
Juniper (JNPR, Trade) jumped $1.28, or 4.5 percent, to $29.75 in Instinet, after
soaring 16 percent on Thursday. The number two Internet router maker posted
results after Thursday's closing bell that were in-line with its reduced targets for
the second quarter.
Robertson Stephens upgraded to Juniper Networks to a "strong buy" from a
"buy", telling clients in an overnight note that they believe a Juniper product
code-named Gibson is ahead of Cisco Systems (CSCO, Trade) in development.
.
Meanwhile, Cisco added 36 cents to $18.20 in the pre-open.
Rambus (RMBS, Trade) dropped $1.33, or 12 percent, to $9.55 over the Island
ECN. That more-than reversed the $1.28 gain the stock saw on Thursday.
The memory chip maker reported fiscal third quarter earnings of 4 cents a share,
while analysts surveyed by First Call/Thomson Financial had pegged EPS in a
3-to-5 cent range. Revenue was $23.3 million compared with $17.8 million
during the same quarter last year.
"With the slowdown in the PC and other markets, we expect the DRAM
industry to continue to struggle for the next few quarters," said Geoff Tate, the
company's chief executive.
Also in the chip sector, Advanced Micro Devices (AMD, Trade) slumped 60
cents to $22.10 over the Redibook ECN. The company said that it earned a
nickel a share in the second quarter, well below EPS of 61 cents recorded in the
comparable period a year ago. The results topped the lowered consensus
analyst estimate of 4 cents a share. Initial expectations were for earnings of 27
cents a share, until the company warned earlier in July.
AMD rival Intel Corp. (INTC, Trade) eased a nickel to $30.05 in pre-open
trading.
Microsoft (MSFT, Trade), which helped fuel with a 7.7-percent gain, slipped 5
cents to $71.55. The software giant said late Thursday that it reached settlement
with New Mexico regarding antitrust charges.
In other software stocks, Siebel Systems (SEBL, Trade) surged $1.76 to $46.50,
while Oracle (ORCL, Trade) eased 16 cents to $19.50.
Motorola (MOT, Trade) which also helped to spark the tech rally on Thursday,
lost 14 cents to $18.01 over Redibook.
Motorola leapt 16 percent Thursday after reporting smaller-than-expected
losses for the second quarter and painted a rosier picture of the future tinged
with pink slips.
Shares of telecom giant AT&T (T, Trade) were lower in European trading of
U.S. shares at $21.20, down 25 cents. The shares have been rising after a bid
from cable company Comcast (CMCSK, Trade) for AT&T's broadband assets,
and as speculation emerges that AT&T may get a higher bid for the assets.
Stock futures indicated that U.S. shares markets would pull back slightly at the
open. September S&P futures eased 2.70 to 1,211.50, which was about 2
3/4-points below fair value, according to figures provided by HL Camp &
Company. Nasdaq 100 futures trimmed 8.00, or about 9 1/2-points below fair
value, to 1,753.50. On Thursday, the S&P 500 cash index (SPX) jumped 27.96
points to 1,208.14 and the Nasdaq 100 cash index (IXO) surged 108.57 to
1,750.13.
The 'triple Qs' (IXO), a tracking stock for the Nasdaq 100, were 19-c |
