"Stocks in the Spotlight's"
A CURRENT UP-DATE
Sunday - August - 25 - 2002
"Current" up-dates on "Spotlight" stocks
The "Current Up-Date" are stocks that were covered by the Spotlight newsletter in the past. Just because a stock is not listed on the Current Up-Date does not mean that we have dropped that particular stock, it only means that there are no current news. If and when we do drop a stock, we will inform you as to why we are dropping that particular stock. We pick up or drop coverage weekly as items of importance or prices dictate the showing of any particular stock!
Closing prices are from the market close on Friday 8/23/2002
Up - Off - Flat = the change from last week
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Advanced Micro Devices, Inc. (AMD) (semiconductor), $9.67 (off $0.26). On 8/19/2002, AMD Powers Up HP Business Desktop, Bringing New Era of Choice to PC Market (more) On 8/20/2002, German Government Grants Guarantee For AMD,Infineon,DuPont Project (more) On 8/21/2002, AMD Unveils World's Highest-Performing Processor for Desktop PCs On Third Anniversary of AMD Athlon Processor (more) AMD has no PE and a 52 week range of 7.01 - 20.60. Nice company and one with a future once the economy gets going again. The problem is the lower than expected earnings and outlook will not help the near term stock price. The recent testing of the $7 level was a decent entry level. The low point was about 6 1/4 in late 1998. If the market returns to selling we could see under $7 again. "Hold" here with best entry under $7!
AOL Time Warner, Inc. (AOL) (Internet & Communications), $12.76 (up $0.20). On 8/19/2002, AOL unit investigated for "round trip" trades-WSJ (more) On 8/19/2002, SEC Clears AOL Time Warner CEO, CFO Sworn Certifications (more) On 8/19/2002, Holders File Suit Versus AOL Time Warner Inc (more) On 8/19/2002, Itau, AOL-LatAm discuss changes to marketing deal (more) On 8/19/2002, AOL Set to Pay AT&T for TWE Stake-Sources (more) On 8/21/2002, AOL Time Warner Announces Restructuring of Time Warner Entertainment Company (more) On 8/21/2002, S&P puts AOL Time Warner on review for downgrade (more) On 8/21/2002, Moody's affirms AOL ratings, outlook negative (more) On 8/21/2002, AOL Time Warner upgraded by Barrington Research (more) On 8/21/2002, TEXT-Fitch affirms AOL BBB-plus rtg (more) On 8/21/2002, AOL to avoid "junk" status for now (more) On 8/21/2002, AT&T, AOL in Deal to Unravel TWE Venture (more) On 8/22/2002, WorldCom Deal With AOL Under Scrutiny - WP (more) On 8/22/2002, AOL's Planned Cable Spinoff Spurs Talk Of Acquisitions (more) On 8/22/2002, Switchboard amends AOL deal, faces Nasdaq delisting (more) On 8/22/2002, Time Warner Telecom to cut 11 percent of work force (more) On 8/22/2002, SEC To Probe AOL Outlook And Share Sales -FT (more) On 8/22/2002, AOL plots content-driven course to boost revenues (more) On 8/23/2002, SEC Probing AOL Swap Deals With Qwest, Worldcom - NYT (more) On 8/23/2002, CNN To Reveal When Guests Promote Drugs For Companies - NYT (more) AOL has no PE and the 52 week trading range is 8.70 - 42.09 (high expired). There are no support levels to work with in this current price range. The slew of negative news is not good and offers a strong chance of another new 52 week low. There is trouble brewing in this one and a good rule is to avoid companies with trouble when floating in a sea of bargains. There are better places to be. Watch & Wait!
Books-A-Million, Inc. (BAMM) (Retail/specialty), $3.56 (up $0.02). On 8/21/2002, Books-A-Million, Inc.announced financial results for the second quarter ended August 3, 2002. Net sales for the second quarter of fiscal 2003 increased 0.6% to $104.7 million from $104.0 million in the year-earlier period. Comparable store sales for the quarter decreased 1.2%. Comparable store sales for all book categories increased 0.3% when compared with the same 13-week period last year. Earnings before interest, taxes and depreciation for the second quarter decreased 1.3% to $3.9 million from $4.0 million in the year-earlier period. Net loss for the quarter was $667,000, or $0.04 per diluted share, compared with a net loss of $676,000, or $0.04 per diluted share, in the year-earlier period. A corrected repetition follows. biz.yahoo.com (more) BAMM has a PE of 13.58 and a 52 week range of 2.42 - 5.25. The stock started on a slow uptrend in January 2001 from under $1 to leveling at $3 where it built strong support until a quick move to over $5 in March and has been trending lower since. There is strong support at the $3 to $3.50 area. BAMM is a slow climber, but the recent pull back might offer another opportunity if looking for a slow upward moving stock. If long term, hold here, but if wanting in wait for a pullback to $3.25 before entry!
Borland Software Corporation (BORL) (Software & programming), $10.459 (up $0.689). On 8/19/2002, Borland Software Corporation announced a global distribution and marketing agreement with IBM Corporation (NYSE: IBM) to provide customers with an industry-leading development solutions for Windows® and Linux® operating systems. Designed to leverage the popularity of IBM® DB2® database software and Borland® Rapid Application Development (RAD) technology with the development community, this agreement will allow enterprises to create GUI, database, Web, and Web Services applications for Windows and Linux. As part of the agreement, IBM and Borland will also create a portal to assist developers interested in migrating to IBM and Borland's cross-platform solutions. The portal will be hosted on the IBM web site and marketed by IBM and Borland. (more) Borland has a PE of 37.69 and a 52 week range of 6.48 - 18.40. Nice company with nice products and growing revenue. BORL moved from over $6 to 18.40 since September before easing back and building a base near $10 before a quick fall to under $7. The stock has been climbing again and is over the resistance level at $10. The PE is high enough to support another backing off but with a bright future it will be hard to tell when 'how much is too much'. "Hold" here with entry best closer to $7!
Cisco Systems, Inc. (CSCO) (Computer Networks), $14.45 (flat). On 8/19/2002, Arizona Western College Makes the Move to an End-to-End Cisco Network (more) On 8/19/2002, Diageo Selects Cisco Systems Technology for Global IP Telephony Solution (more) On 8/19/2002, Cisco to Launch New Storage Products (more) On 8/19/2002, Cisco Systems Hosts ``Speaker Series'' Educational Webcast: Cisco IOS Technology Enables Network-wide Resilience (more) On 8/20/2002, Cisco Systems Announces Agreement to Acquire Andiamo Systems, Inc. (more) On 8/20/2002, Cisco Announces the Cisco MDS 9000 Family of Multilayer Intelligent Storage Switches (more) On 8/20/2002, Cisco Teams with Storage Industry Leaders for Storage Networking Solutions Interoperability (more) On 8/20/2002, Cisco Systems downgraded by Dresdner Klnwrt Wass (more) On 8/22/2002, Bredbandsbolaget Deploys Cisco Technology to Deliver First Sip Based Residential IP Telephony Service Worldwide (more) Cisco has a PE of 60.40 and a 52 week range of 11.04 - 21.92. CSCO is one of the most popular stocks on the market. The company is one to own, either long term or short term, but the PE is high and a strong sell off could bring another new 52 week low, although, it will be hard catching this very active stock at the bottom. "Hold" here with best entry near $11!
Cypress Semiconductor (CY) (Semiconductors), $12.16 (off $0.32). On 8/19/2002, Cypress Semiconductor Corp. -- the industry leader in USB -- announced the availability of EZ-USB® TX2 (CY7C68000), the latest addition to its rapidly expanding USB 2.0 product portfolio. TX2 is a stand-alone high-speed USB 2.0 transceiver that is compliant with the USB 2.0 Transceiver Macrocell Interface (UTMI) specification. This device includes a 8- or 16-bit interface for applications such as scanners, printers, digital camcorders, and digital still cameras. (more) On 8/20/2002, Cypress Samples Industry's Highest-Density Burst SRAM (more) On 8/20/2002, Cypress To Improve Manufacturing Yield Using WaferYield Technology (more) On 8/22/2002, Cypress Semiconductor Names Ross Chief Technology Officer (more) Cypress has no PE and a 52 week range of 9.45 - 26.20. Nice company to own for the longer term. Expect a return to profits once the economy improves. The stock broke under the $15 support level and fell all the way to under $10 before turning back up. There is resistance at $15 and stronger at $20. Entry under $13 should work just fine for the long term investor!
Dell Computer Corporation (DELL) (Computer hardware), $27.85 (up $0.32). On 8/19/2002, Houston Texans' New Stadium Designed On Dell Systems (more) On 8/20/2002, Dell To Sell Unbranded PCs Through Dealers (more) On 8/20/2002, Dell to double tiny professional services in year (more) On 8/21/2002, Corel/Dell Products -2: Part Of WordPerfect Productivity Pack (more) Dell has a PE of 61.80 and a 52 week range of 16.01 - 30.52. The problem with DELL is the PE is too high to buy for this current market and Sony offers better prices on equal features. The stock does trade between $23 and $28, but not much more. The PC business is expected to expand, once the economy gets going again, but how much and when is still an unknown. There is room for a close under the $20 area if the markets sell off hard again. "Hold" here with a $27.50 PUT, with a best entry under $21!
Hypertension Diagnostics, Inc. (HDII) (Medical Equipment & Supplies), $0.85 (up $0.06). On 8/20/2002, Hypertension Diagnostics, Inc. announced that it will be offering a direct-to-consumer CVProfile(TM) Test to members of Costco Wholesale warehouses as part of a test market to be conducted this fall in several West Coast stores. Cardiovascular profiles, utilizing the CVProfilor® DO-2020 System, will be conducted in conjunction with OnSite Wellness Medical Associates, Inc. of Torrance, California. Assuming that the test market proves valuable to Costco members, cardiovascular profiles will be offered to members nationwide. (more) Hypertension has no PE and a 52 week range of 0.59 - 6.13. Products that help doctors learn more about our body is always worth a closer look. The stock has fallen off a cliff and with big losses and poor revenue. It will be hard to get back up very far, but it could pull up enough to make it worth a closer look. The stock is setting just off the 52 week low. HDII should find a bottom in here somewhere. If owned higher consider cost averaging when under 65 cents. Entry under $0.65 if a 'High Risk' investor!
Innovative Gaming Corporation of America (IGCA) (Casinos & Gaming), $0.17 (off $0.021). On 8/21/2002, Innovative Gaming Corporation of America announced that it was recently notified by Nasdaq that it failed to maintain Nasdaq's Marketplace Rule 4815(b) minimum bid price of $1.00 per share for 30 consecutive days and would be delisted as of August 22, 2002. The Company has requested a hearing with Nasdaq which will stay the Nasdaq delisting pending Nasdaq's decision following the hearing. The Company was previously notified on February 14, 2002 that it must maintain a closing bid price of $1.00 per share for at least 10 consecutive days by August 13, 2002. The Company has been informed by Nasdaq that it did not meet such requirement. The Company believes that its previously announced 10-for-1 reverse stock split, along with improved performance and pending financings, will help the trading price of the Company's Common Stock meet Nasdaq minimum-bid requirements. Nevertheless, there can be no assurance that the Nasdaq Hearing Panel will grant the Company's request for continued listing. (more) Innovative Gaming has no PE and a 52 week range of 0.14 - 1.58. The slot machine business is growing and is expected to keep growing, but there are still too many problems with IGCA and a ton of stock that can come in any time. News of losing the Nasdaq symbol is no surprise and not as negative as a 10 for 1 reverse. Here is another company screwing the previous shareholders by reversing the stock. Better the company than the investors. Watch out, after the reverse the stock will continue to fall. There is simply no reason to own this stock when floating in a sea of bargains. If in, get out!
Iomega Corporation (IOM) (Computer storage devices), $12.28 (up $0.24). On 8/19/2002, Iomega Corporation, a global leader in reliable data storage, announced that it is now shipping a new line of Windows Powered Iomega® Network Attached Storage (NAS) servers, built with an optimized version of Windows 2000 technology. The new Iomega® NAS P400M, P405M, and P410M servers offer seamless integration into Windows 2000 networks for cross- platform file sharing, organizing and protecting critical organizational data for small and medium businesses. (more) IOM has no PE and a 52 week range of 5.50 - 13.90. IOM is involved in data back up and storage, a top industry and one that will remain strong for some time to come. The stock had been trending higher since mid September, but peaked in May and has bounced off the $10 support level a couple of times since. Still too high for entry here. "Hold" here with a best entry under $8!
Longs Drug Stores Corporation (LDG) (Retail/drugs), $24.75 (up $0.03). On 8/21/2002, Longs Drug Stores Corporation reported net income of $10.9 million (29 cents per diluted share) for the 13 weeks ended August 1, 2002. Longs had net income of $11.2 million (30 cents per share) in the comparable period of fiscal 2002. Excluding goodwill amortization expense, which as reported earlier was eliminated by SFAS No. 142 effective with the first quarter of this fiscal year, net income in the comparable period of fiscal 2002 was $12.2 million (32 cents per share). (more) Longs has a PE of 20.87 and a 52 week range of 20.90 - 32.25. The stock had been climbing since January but ran into resistance over $30 before turning back down again. The support level under $24 held and recently the stock is trending higher again. A close over $27 could bring $30. "Hold" here with best entry under $23!
Novell, Inc. (NOVL) (Computer networks), $2.77 (up $1.04). On 8/19/2002, Novell Secure Identity Management Puts Critical Information in the Right Hands At Mount Sinai NYU Health (more) On 8/22/2002, Novell, Inc. reported revenue of $282 million and earnings of $0.03 per share for its third fiscal quarter ended July 31, 2002. Excluding the impact of a $3 million charge for purchased in-process research and development, the company posted earnings of $0.04 per share for its third fiscal quarter 2002. The results for the third fiscal quarter compare to revenue of $249 million for the same period in fiscal 2001. In the prior year, the company reported a third quarter loss of $0.06 per share, which included charges for restructuring, integration and impaired investments. When these charges were excluded, earnings for the third fiscal quarter 2001 were $0.04 per share. (more) Novell has no PE and a 52 week range of 1.571 - 5.64. One of our favorite stocks for the long or short term. A year from now, if the markets end strong, we could see something closer to $8. Moving into the stock here might be the thing to do for this low risk, high return stock, but the recent big move up could be a reason enough to back off a bit. Still, NOVL is under book value at the current price and there is no guarantee it will ease back. Entry here OK with best on a pull back of 20%, or about $2.15!
Symantec Corporation (SYMC) (Software & programming), $31.57 (off $1.36). On 8/19/2002, Symantec Experts Examine Malicious Security Threats and Peer-to-Peer Networking at WebSec 2002 (more) On 8/19/2002, Symantec Acquisitions of Riptech and Recourse Technologies Completed (more) On 8/21/2002, Symantec's New Norton AntiVirus 2003 Provides Consumers Automatic Protection From Multiple Threats (more) On 8/21/2002, Symantec Experts Share Critical Infrastructure Security Knowledge At SECTOR 5 Summit in Washington, D.C (more) Symantec has a PE of 112.93 and a 52 week range of 15.77 - 43.10. Nice company with nice and needed computer products. The best anti virus program around, but SYMC does so much more. The stock has been finding support in the just under $30 area but the moves off this level are quick and back down again. With such a high PE, it is hard to find a value entry level, but last quarter SYMC did not even have a PE. If the markets return to selling, we could see something under $28. "Hold" here with a best entry under $28!
Tarantella, Inc. (TTLA) (Software & programming), $0.329 (up $0.089). On 8/21/2002, Tarantella, Inc., a leading supplier of Internet infrastructure software, and Xtria Healthcare Systems announced a strategic OEM agreement. Under the agreement, Xtria Healthcare will license Tarantella Enterprise 3 software as part of Xtria Entrust. Xtria Entrust is a component of the Xtria Encompass toolkit, which addresses current Health Insurance Portability and Accountability Act (HIPAA) compliance and security issues. (more) TTLA has no PE and a 52 week range of 0.21 - $0.91. The future could brighten up, but the company is losing a bunch on lower revenue. The chances are growing that TTLA will lose the Nasdaq symbol if it does not get over a dollar soon. Could be another reverse in order to keep the Nasdaq listing. Watch & Wait!
TeamStaff, Inc. (TSTF) (Business Services), 4.00 (off $0.04). On 8/19/2002, TeamStaff, Inc., one of the nation's top Business Outsourcers and Professional Employer Organizations (PEOs), announced financial results for the third quarter and nine months ended June 30, 2002. The Company's revenues for the three months ended June 30, 2002 and 2001 were $174,930,000 and $164,427,000 respectively, which represents an increase of $10,503,000 or 6.4%. While the Company's Medical Staffing business continued its strong growth, growing $1,929,000, or 11.9%, over last year's third quarter, PEO revenues grew $8,413,000, or 5.7%, over the same period last year. The modest growth in revenue in PEO is principally the result of two factors: the sale of the Company's El Paso based PEO business in September 2001 and the loss of a major customer. These two events resulted in a loss in revenue of approximately $13.7 million on a quarterly basis. (more) On 8/21/2002, TeamStaff downgraded by Raymond James (more) TeamStaff has a PE of 18.00 and a 52 week range of 2.66 - 10.80. Nice growing company in a people oriented industry. The stock fell from $10 to $3.88 (February/02) due to the Attack on America, but started working its way higher but ran into a quick drop to under $4 before recovering slightly. There is strong resistance/support near $6. Entry here while near $4 should work just fine, but best if under 3 3/4!
Tetra Tech, Inc. (TTEK) (Business services), $9.35 (off $0.25). On 8/23/2002, Tetra Tech announced that it was selected to receive a 9-year engineering services contract from the City of Lansing, Michigan. Under the engineering contract, Tetra Tech will upgrade the stormwater management and sewer systems to improve water quality in the surrounding watershed. Work will begin immediately. Tetra Tech will provide consulting services, infrastructure design and construction observation to build a new, watertight sanitary sewer system. (more) TTEK has a PE of 13.86 and a 52 week range of 7.71 - 23.784. A nice growing successful company. Nice stock for the long term investor. The fall under $8 about three weeks ago set a new 52 week low and an excellent entry level. Entry here still OK but best if under $9.
The TJX Companies, Inc. (TJX) (Retail/apparel), $19.75 (off $1.06). On 8/21/2002, Too Inc. (NYSE:TOO), a retailer of apparel for girls, said it won a preliminary injunction against off-price retailer TJX Cos. Inc. from selling 31 styles of Limited Too brand apparel at TJ Maxx and Marshalls stores. Too filed suit against TJX earlier this year, alleging that certain styles of young girl's apparel sold by TJ Maxx and Marshalls were either unauthorized or counterfeit. (more) TJX has a PE of 9.95 and a 52 week range of 14.80 - 22.45. Another growing company while others are not. The stock has been on a solid uptrend for two years and looks to keep the habit. "Hold" here with best entry on pull backs of 20%, currently in under $18!
VillageEDOCS (VEDO) (Electronic documents), $0.065 (up $0.005). On 8/19/2002, VillageEDOCS announced a strategic relationship with Line1 Communications Inc., a leading provider of voice, fax, and unified messaging services. Line1 Communications offers Automated Voice & Fax Answering and Information Services, Voice Messaging, Fax Mail, Fax Broadcasting, Voice Broadcasting, Fax-on-demand, Automated Order Entry, Conference Calling, and Unified Messaging among its core services. The relationship provides Line1 Communications with the opportunity to provide their clients with several significant solutions for sending and receiving faxes through a private branded service entry point website ( www.line1.us ). (more) VillageEDOCS has no PE and a 52 week range of 0.05 - 0.35. VEDO has been around since 1995 and holds promise of increasing growth over the near term. The close at $0.065 is just off the new 52 week and all time low. For those able to handle the risk of low priced stocks entry here might be the thing to do!
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The Spotlight's Stocks to Watch for the current market are: AMD, AIRM, BORL, CSCO, COMS, DELL, EXNT, FONR, INTC, INLD, NOVL, QCOM, SHRP, SYMC, TSTF, TTEK, UCO, VEDO and ZILA. We feel this group is worth a "closer look" and all hold promise for a strong future. Visit our "Stocks To Watch" section for our brief opinion on the above listed companies.
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Make sure to visit the Week Ahead for information on the
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Remember, if in the right stock, at the right price,
the market direction will mean little!
I am J.R. Budke and this is my opinion!
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J.R. Budke had been a stock broker since 1981, an options principle since 1982 and a branch office manager since 1987. He is currently inactive as a stockbroker as of 12/31/99. J.R. writes the articles and opinions for the Stocks in the Spotlight. The stories and stocks found on this site, or any "Stocks in the Spotlight" written material, are the opinions of J.R. Budke unless other wise stated, and should not be considered as advice. You should not purchase any stocks solely on the opinions found on the "Stocks in the Spotlight's" web site or in any of its written material. You should also be aware that options are not for everybody and carry a high degree of risk.
The "Stocks in the Spotlight" provides information only, this is not meant to be a recommendation to buy or sell the profiled security, nor is this an offer to buy or sell the security. The publishers of "Stocks in the Spotlight" are not investment advisors and are not acting in any way to influence the purchase or sale of the security. Before purchasing or selling any security profiled, it is encouraged and recommended that you consult a stockbroker or other registered financial advisor. The reader must understand that the companies we select may involve a high degree of investment risk. Potential investors must understand that they may lose all or a portion of their investment due to the risk involved.
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