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To: Clint E. who wrote (22206)	7/20/1999 11:34:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 69762

Internet Trips Up Wall Street (Again) (Michael Lewis, the author of ''Liar's Poker'' and ''The Money Culture,'' is a columnist for Bloomberg News. His opinions don't necessarily represent those of Bloomberg News.) New York, July 20 (Bloomberg) -- A few weeks ago Bloomberg News ran a story about Wall Street earnings forecasts that showed just how completely the Internet undermines the power of big securities firms. The article explained how a pair of Web sites -- streetIQ.com based in Carmel, California, and EarningsWhispers.com in Jackson, Missouri -- routinely provide better estimates of corporate earnings than the biggest Wall Street firms. A study of 101 high-tech companies showed that estimates by the Web sites were, on average, off by only 21 percent, while the Wall Street estimates were off by 44 percent. The Web site analysts tended to guess high; the Wall Street analysts tended to guess low; but the Web siteserred far less on the upside than the Wall Street firms erred on the downside. The operator of one of the Web sites as much as confessed that his technique was simply to take the Wall Street estimates - - in turn, more or less dictated to them by the companies under consideration -- and goose them a bit. The Web site analysts know what everyone knows: Companies systematically poor-mouth their immediate prospects. And Wall Street analysts systematically repeat what they are told by the very companies whose earnings they are meant to be analyzing. These companies want the markets to be pleasantly surprised by their actual earnings. They hope that newspapers will print, after the fact, that they ''exceeded expectations.'' They want the mood in the air after they release their earnings to be one of pleasant surprise. This is much more likely to occur if Wall Street analysts keep expectations low. Conflicts of Interest Of course, the behavior of the Wall Street analysts is corrupt. The companies they are meant to be ''analyzing'' are almost always either customers, or potential customers, of their investment banking divisions. To keep their big, corporate investment banking clients happy, the analysts essentially lie to the greater investing public. To mollify the big institutional investors, they offer them, on the sly, higher and more honest estimates. The small investor gazing in on this situation can be forgiven for thinking that he's on the wrong end of a sting. Enter, the Internet. Among other things, the Internet creates something like a free market in information. If the Web site analysts prove to be more reliable than the Wall Street analysts, the Wall Street analysts will be ignored. Indeed, the Bloomberg story describes several cases in which a company's stock price fell after it had exceeded the ''expectations'' of Wall Street analysts because the market had traded off the much higher and more accurate estimates of the Web site analysts. Changes to Come Ultimately, the Internet will force analysts at big securities firms to decide between alienating their corporate customers and making themselves ridiculous to the wider public. Actually, the decision will be made for them: They will alienate their corporate customers. If they don't, they will simply be ignored by investors altogether, and thus rendered entirely useless to their corporate customers. This small change is likely to have several significant consequences. First, it will disrupt the investment banking industry. The main reason corporations are loyal to Wall Street firms, and pay them huge investment banking fees, is that the securities firms help to manage public opinion. Wall Street offers large companies a chance to participate in what amounts to an information protection racket. But the racket is now collapsing; a pillar is being yanked from beneath the power structure. One day soon, big companies will look around Wall Street and say: What are we paying these guys for, anyway? Fairer Play Another consequence will be that the Big Corporation will lose a lot of its ability to manipulate public opinion. Big companies will thus lose an important advantage they have over small ones in the competition for capital. Take away that advantage and you make big companies even more vulnerable than they already are, and small ones even more hopeful. A third consequence is that the big institutional investor, who has grown fat on what amounts to inside information, will cease to be fed. He will no longer reap any advantage from hearing the honest opinions of Wall Street analysts, as the Wall Street analysts will be forced to disclose their honest opinions to the great unwashed. The institutional investor will respond to losing his privilege in the same way that the big company responded -- badly. When a Wall Street broker calls him he will wonder a bit more than he now does why he should pick up the phone. If he wants to know what the market is thinking, he won't need to talk to an analyst on Wall Street. He'll need to surf the Web.

To: Clint E. who wrote (22206)	7/20/1999 11:43:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 69762

Tuesday July 20, 6:43 PM,- U.S. stocks end down sharply on techs NEW YORK , July 20 (Reuters) - Stocks were hammered on Tuesday as the market was caught in the crossfire of a selloff in the technology sector. The Dow Jones industrial average ended down 191.55 points, or 1.71 percent, at 10,996.13, with pressure coming from big losses in two technology components -- International Business Machines Corp.(NYSE:IBM - news) and Hewlett-Packard Co.(NYSE:HWP - news) It was the Dow's fifth-biggest point drop this year. ...volume of 752 million shares on the New York Stock Exchange. The Nasdaq plunged 98.11 points, or 3.47 percent, to 2,732.18. IBM sank 6-5/16 to 128-7/16, a day after its cautious comments(????) about future results offset its better-than-expected earnings. Brokerage houses raised their earnings estimates on IBM but the firms also warned that the stock could be ripe for a pause in the coming months after surging in the first half of the year. Hewlett-Packard fell 5-3/4 to 110-1/2. The software giant Microsoft Corp.,(Nasdaq:MSFT - news) meanwhile, was off 5-1/16 at 93-5/16 after its earnings beat Wall Street's expectations but it warned of slower growth ahead. ''I think managers would rather err on the side of caution,'' said Larry Rice, chief investment officer at Josephthal & Co., of the mood on Wall Street. ''You have so many factors weighing on the economy going forward.'' Investors will turn their attention on Thursday to Federal Reserve Chairman Alan Greenspan's Humphrey-Hawkins testimony before Congress for any clues on future interest-rate increases. But last week's economic numbers, which showed there was no threat of inflation, have all but vaporized fears of more interest-rate hikes by the Fed in the near future. Wall Streeters doubted whether companies can keep delivering the expectation-topping earnings that have pushed major stock indexes to record levels as recently as last Friday. A troubling market indicator for some analysts was the wide margin that declining stocks outpaced advances on the NYSE. ''The last two weeks have seen a loss of momentum,'' said Ralph Bloch, chief technical analyst at Raymond James & Associates. ''You have this massive disparity between the advance/decline index and the Dow. It is an extreme warning time.'' But other analysts noted that despite the market's sharp drop, they did not yet see signs that a major break was imminent, pointing to the subdued trading activity. Telecommunications company Lucent Technologies Inc.(NYSE:LU - news) dropped 6-3/16 to 69-15/16 after an analyst, who said he talked to the company, said profits in the quarter ending in December may fall short of expectations.(???????)........ Sales to U.S. corporations, though, lagged some forecasts, leading one analyst to predict it will be tougher for Lucent to match its recent sales growth in coming quarters. Tellabs Inc. (TLAB) fell 5 3/16, or 7.4 percent, to 64 9/16. The phone-equipment maker was cut to ''buy'' from ''strong buy'' at Lawrence M. Harris at Josephthal & Co., largely on concerns about the company's MartisDXX system, which had lower second- quarter sales than analysts and the company expected. The company also was cut to ''neutral'' from ''buy'' by Timothy Savageaux at Volpe, Brown Whelan & Co. Texas Instruments fell 9 to 141. The biggest maker of semiconductors for cellular phones said its second-quarter earnings more than doubled, fueled by soaring demand for its specialized chips. Profit from operations rose 92 cents a share from 35 cents a year earlier, beating the 86 cent First Call average estimate. Qualcomm Inc. (QCOM) rose 4 1/4(!!!!!), or 2.7 percent, to 162 15/16. The developer of the world's second-most popular cell- phone technology said third-quarter earnings from continuing operations rose to 86 cents a share. Profit was 75 cents when including a cell-network equipment division it sold to Ericsson AB. (ERICY). That beat the 63-cent average estimate of analysts surveyed by First Call. SBC Communications Inc. (SBC) rose 1 1/16, or 1.9 percent, to 58 1/8. The No. 2 U.S. local telephone company reported net income of 59 cents a share. The company was expected to earn 58 cents, the average estimate of analysts surveyed by First Call. Yahoo! Inc. (YHOO) fell 7 3/8, or 4.9 percent, to 142 1/8. The top Internet search service said it will take a third-quarter charge of $22 million for its $5.05 billion acquisition of broadcast.com inc. General Motors Corp. (NYSE:GM - news) was down 1-13/16 at 66-1/2. The world's biggest automaker's earnings beat expectations but analysts said the company indicated its outlook for the second half of the year was mixed. Health care giant Johnson & Johnson (NYSE:JNJ - news) edged up 1/2 to 96-7/16 after its earnings surpassed Wall Street's expectations. Genentech Inc.(NYSE:DNA - news) jumped 30 to 127 after its parent company, Roche Holding spun off 15.7 percent of the biotechnology company in an initial public offering. Engage Technologies Inc. (ENGA) rose 26, or 173 percent, to 41. The Internet marketing company controlled by Web venture company CMGI Inc. (CMGI) yesterday sold 6 million shares at $15 each, raising $90 million. Healtheon Corp. (HLTH) rose 4 1/16, or 6.9 percent, to 63 1/8. The company, which links doctors, insurers and patients through the Internet, said it will provide online drug- prescription services to customers of Merck & Co.'s (MRK) pharmacy benefit unit. Immunex Corp. (IMNX) fell 11 9/16, or 10 percent, to 109 1/2. The biotechnology company fell after second-quarter sales of its Enbrel rheumatoid-arthritis drug didn't beat analysts' forecasts as it did in the first quarter. PRI Automation Inc. (PRIA) fell 6 1/4, or 16 percent, to 31 7/8. The biggest maker of automation equipment for semiconductor plants fell on concern that lower prices charged to customers in Asia will result in a wider-than-expected loss this quarter. The Standard & Poor's composite index of 500 stocks fell 30.55 points to 1,377.10. The American Stock Exchange index fell 11.76 to 805.90. ========------------========------------========------------========= Technology News,,,,Tue, 20 Jul 1999, 11:32pm EDT Lucent, Microsoft, IBM, Other Tech Stocks Tumble on Concern About 2nd Half By Anthony Effinger Lucent, Microsoft, IBM Tumble on Concern for 2nd Half (Update2) (Updates with closing stock prices.) San Francisco, July 20 (Bloomberg) -- Lucent Technologies Inc., Microsoft Corp. and other technology stocks fell amid concern that sales and earnings won't increase enough in the second half to justify this year's rally in their shares. Lucent, the No. 1 maker of telephone equipment, fell 6 41/64 to 70 3/16. Microsoft, the most active U.S. stock, fell 5 1/16 to 93 5/16. International Business Machines Corp. dropped 6 1/4 to 128 3/8, and Sun Microsystems Inc. fell 3 13/16 to 70. The Nasdaq Composite Index, which includes many high-tech firms, fell 98.11, or 3.5 percent, to 2732.18. Before today, it had risen almost 30 percent in 1999. Investor enthusiasm for technology waned today after several bellwether companies reported earnings that included indications of slower growth. Lucent, for one, said sales to corporate customers rose 4 percent, compared with overall revenue growth of 22 percent. IBM said sales of server computers rose just 3.3 percent, falling short of some expectations. ''There was a tremendous run-up of (technology) stocks in anticipation of good results,'' said Bill Milton, an analyst at Brown Brothers Harriman & Co. ''It's going to be really hard'' to keep up the pace in the second half, he said. Lucent's profit from operations for the quarter ended June 30 climbed 60 percent to $829 million, or 26 cents a share, from $518 million, or 17 cents, a year earlier. That beat the 23-cent average estimate from First Call Corp. and matched the highest forecasts published on Internet sites. Still, concern about corporate sales slammed the stock, which had increased about 40 percent this year before today. ''The company has been stretching to make an aggressive growth target,'' said analyst Steven Levy at Lehman Brothers Inc., who rates Lucent ''neutral.'' Levy said Lucent's sales missed his forecasts by about $200 million. Tougher Comparisons Investors found fault with IBM even though profit from operations rose 17 percent to $1.69 billion, or 91 cents a share, from $1.45 billion, or 75 cents, in the year-earlier period. The results missed by a penny some unpublished estimates on the Internet. Wall Street analysts expected earnings of 88 cents, according to a survey by First Call. ''A lot of stocks had already baked in best-case scenarios,'' said Randy Yuen, technology analyst at Salomon Brothers Asset Management Inc. ''There's no room for error.'' In the third and fourth quarters, IBM faces a tougher comparison to the year-earlier periods, when personal computer prices stabilized and its sales began to pick up. That could reduce sales and earnings growth rates this year. Further, IBM Chief Financial Officer Doug Maine said yesterday he couldn't predict the impact of the Year 2000 computer glitch on IBM's sales. The Year 2000 glitch causes computers to read 2000 as 1900. Microsoft Microsoft, the world No. 1 software maker, also cited concern about Y2K issues in its caution that revenue growth will slow in fiscal 2000, which began July 1. ''We remain cautious about the third and fourth calendar quarters,'' with respect to the Year 2000 bug, Microsoft Chief Financial Officer Greg Maffei said yesterday. Before today's decline, Microsoft shares had risen almost 42 percent for the year. IBM had risen 46 percent. Some investors said they remain optimistic about technology in the face of today's decline. Christian Koch, senior analyst at Fifth Third Bank in Cincinnati, said he likes Hewlett-Packard Co. and chipmaker Texas Instruments Inc. in particular. ''The general picture is still solid,'' Koch said. Texas Instruments shares fell 8 15/16 to 141 as the rout in technology overshadowed strong earnings. Its profit from operations more than doubled to $372 million, or 92 cents a share, from $142 million, or 35 cents, in the year-earlier period. Sales rose 8.3 percent to $2.35 billion. Before today's losses, Texas Instruments shares had risen more than 75 percent, boosted by optimism about its digital signal processors, which are used in mobile phones. ========------------========------------========------------=========

To: Clint E. who wrote (22206)	7/20/1999 11:51:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 69762

========== IBM/TXN/LU ========== Tuesday July 20, 9:48 PM,,,,FOCUS-IBM shares fall amid an uncertain outlook By Eric Auchard NEW YORK, July 20 (Reuters) - International Business Machines Corp. (NYSE:IBM - news) posted better-than-expected second-quarter results, but Wall Street reacted with a heavy dose of caution to the computer maker's outlook for the rest of 1999. IBM shares tumbled $6.31 to close at $128.44 on the New York Stock Exchange Tuesday, as investors retreated from recent record price levels in the absence of compelling new reasons to buy the stock after Monday's quarterly financial report. ''As expected, another good quarter,'' Salomon Smith Barney analyst John Jones said after the report. But he noted how IBM stock has ''had a huge run...I don't think you'll see the stock duplicate that over the next 12 months.'' The slide came on the heels of a 150-percent gain in the stock price on the New York Stock Exchange over the past 12 months. That surge reflected a view that IBM had transformed itself into a diversified supplier of electronic business s months. That surge reflected a view that IBM had transformed itself into a diversified supplier of electronic business s ervices and was shifting into high-gear. Late Monday, the world's top computer maker reported second-quarter operating earnings of 91 cents per share, 3 cents ahead of expectations, on 16 percent revenue growth, driven by strong gains in services and hardware. The stock tumble came in spite of optimistic comments IBM Chief Financial Officer Doug Maine in a conference call with analysts that followed the earnings report Monday night. Later Monday, in an interview with Reuters, Maine reiterated his positive outlook for the remainder of 1999. ''I certainly hope so,'' he replied in response to a direct question about whether he meant to convey an upbeat outlook. As an example, Maine pointed to what he said were more than 7,000 e-business consulting contracts on which IBM's fast-growing IBM Global Services business was now at work. On Tuesday, brokers reiterated positive recommendations on IBM. Some made slight upward adjustments on earnings estimates, even as they warned of uncertainties around Big Blue's financial results and share price later this year. ''The slowdown in profit momentum could cause the stock to pause since it's a bit overbought,'' Merrill Lynch analyst Steve Milunovich said in a note to brokerage clients. Still, Milunovich continued to recommend the stock. ''IBM is at the head of the technology parade,'' he said, noting that IBM has had faster and more consistent growth than many companies with higher stock valuations. Nonetheless, because IBM has become the beneficiary of the rush by established companies to develop Internet business, Jones said he believed IBM can continue to outperform the stock market overall in the coming year. Financial analysts nudged up their earnings targets in the wake of the second-quarter report, although by minor amounts. The consensus for IBM's 1999 year moved to $3.91 per share from the $3.86 prior to the report, and to $4.50 from $4.44 for the 2000 year, according to First Call Corp., which surveys broker estimates. Nineteen of 21 analysts who track IBM had revised their estimates on First Call's service by midday Tuesday. Most analysts have calculated in slower rates of revenue growth in the second half -- about 10 percent or lower -- down from roughly 15 percent in the first half of 1999. Despite the strong second-quarter, BancBoston Robertson Stephens analyst Daniel Niles was moved, ''given the valuation and uncertainties related to Y2K in the corporate sector'' in the second half of 1999. He was referring to the hefty gains in IBM shares over the past year and to fears IBM results might be hobbled if corporate spending on new computers grinds to a halt as customers fix possible Year 2000 glitches in older equipment. Merrill Lynch said slowing profit growth in the 1999 second half could occur in the face of difficult comparisons with strong year-ago results, the negative effects of a strong U.S. dollar on IBM's overseas business, and the potential for a fourth-quarter Y2K repair slowdown. But SoundView Technology analyst Gary Helmig said he was surprised by the IBM stock drop Tuesday, based on the computer maker's impressive double-digit 1999 first-half revenue growth and his sense that IBM has set up a financial buffer to ensure a continued strong performance in the second half of the year. ''It would appear that IBM brought ahead some of their ongoing restructuring costs into the second quarter to provide a cushion for results in the second half,'' Helmig told Reuters. ''Once again IBM told analysts they should not change their numbers even though they've beat them two quarters running,'' Helmig said. ''They are setting up themselves to over-acheive expectations in the third and fourth quarter.'' IBM has soundly beaten Wall Street expectations in the first two quarters of 1999. The sharp drop in IBM's share price on Tuesday fueled a 192-point retreat by the Dow Jones industrial average, which closed at 10,996.13. It was the fifth-biggest single-day point drop this year, and a 1.71 percent overall decline. ========------------========------------========------------========= Tuesday July 20, 10:26 PM,,,Texas Instruments Q2 earnings up sharply (Adds stock price drop in para 3) By Marcus Kabel DALLAS, July 20 (Reuters) - Texas Instruments (NYSE:TXN - news), riding a wave of demand for high tech communications using its semiconductors, said on Tuesday that second quarter net earnings jumped to $325.0 million, or 83 cents per basic share, from $43 million or 11 cents a year earlier. Excluding special charges, TI's earnings per share were 92 cents, beating Wall Street estimates of 86 cents as compiled by financial analysis group First Call. Despite the strong results, the company's shares fell $8.94 to $141 in consolidated New York Stock Exchange trading on Tuesday, part of a general sell-off in technology stocks by profit-taking investors. Earnings were $372 million, excluding charges, as against $142 million in the second quarter of 1998, ''primarily due to the absence of losses from the divested memory business and also increased profits in semiconductors,'' the company said. TI sold its computer memory (DRAM) chip business to Micron Technology Inc. (NYSE:MU - news) in the third quarter of 1998 as part of restructuring to focus on semiconductors for voice and data communications, including wireless phones and computer modems. As a result it has returned to high growth rates fueled by demand for products using its Digital Signal Processors (DSPs), widely used in mobile telephones and other voice communications, and analog chips, which convert real-world information into digital form that computers understand. ''We're very pleased with these results and think they are evidence of the progress we're making,'' Chief Financial Officer Bill Aylesworth told Reuters by telephone. TI also poured on the growth in sales and margins when compared with the first quarter, a more accurate reflection of the company's new structure. Revenues of $2.35 billion were up only 8 percent from a year ago, before the DRAM division was sold, but rose 15 percent from the first quarter's $2.04 billion. Operating margins rose 5.5 percentage points from the first quarter to 21.4 percent, more than double the year-ago rate. Aylesworth said about half the margin increase from the previous quarter stemmed from catch-up royalties of $85 million from South Korea's Hyundai Electronics Industries, part of a cross-licensing deal signed after TI pressed a patent infringement lawsuit. The Hyundai payment added 12 cents to earnings per share. The other half of the margin growth came from ongoing efforts by TI to use capacity efficiently, hold costs flat and boost revenues, Aylesworth said. Aylesworth said the pace of sales growth in TI's core semiconductor products will continue rising in the second half of 1999. Revenues from DSP, which rose 16 percent year-on-year in the first quarter, were up 23 percent in the second quarter, while analog sales, which were flat in the first three months of this year, grew 14 percent in the second quarter. ''We think that growth (in DSP and analog) will accelerate,'' Aylesworth said. ''A measure of that I think is if you look at our order rates in semiconductors in the second quarter. Orders were up 46 percent compared to the second quarter a year ago and those increases are heavily in the area of DSP and analog,'' he said. Revenues typically lag orders by about one quarter, he said. TI, whose DSPs are used in an estimated two out of three digital cell phones on the market, also made two acquisitions in the second quarter aimed at securing a similar major role in the emerging market for high capacity broadband communications. It acquired Telogy Networks, which makes software for voice communications over the Internet, and Libit Signal Processing Ltd, which makes chip sets for cable modems. ========------------========------------========------------========= Tuesday July 20 5:58 PM,,,,,Lucent Profits Jump 60 Percent But Stock Drops NEW YORK (Reuters) - Lucent Technologies Inc. (NYSE:LU - news), the world's largest maker of telecommunications equipment, Tuesday posted a stronger-than-expected 60 percent jump in fiscal third-quarter profits, due to growth overseas and strong demand for products that build and improve phone networks. Wall Street, however, all but ignored the robust results, focusing instead on word that although Lucent's overall profit next year would exceed current forecasts, its first quarter profit likely would fall short as it works to smooth out its business cycle. That forecast, coupled with broader weakness among technology and telecom equipment maker stocks, helped trigger a sell-off in Lucent shares. The stock ended down $6.19, or more than 8 percent, at $69.54 in heavy trading on the New York Stock Exchange. Lucent's stock fall and its results also came one day after the company lost senior executive Carly Fiorina, who resigned to become president and chief executive of Hewlett-Packard Co. (NYSE:HWP - news) . and to be the first woman to lead a Dow 30 company. Lucent said profits, before acquisition-related charges, rose to $829 million, or 26 cents per share, from $518 million, or 17 cents, a year earlier. Wall Street expected the company to earn 23 cents, according to the research firm First Call Corp. Lucent, based in Murray Hill, N.J., has topped Wall Street earnings expectations every quarter since it was spun off from AT&T Corp. in 1996. Lucent's revenues for the quarter ended June 30 rose 22 percent to $9.32 billion, compared with $7.64 billion. After releasing its third quarter statement, however, Lucent called analysts to tell them about the adjustments to the fiscal 2000 forecast, analysts said. ''Management is giving guidance that fiscal 2000 earnings should be 5 to 7 cents ahead of the current consensus, but that (due to) the seasonality of those earnings...December is likely to be below the current consensus, with the rest of the quarters considerably higher,'' said Paul Sagawa, a telecommunications equipment analyst with Sanford Bernstein. Wall Street's consensus earnings estimate for the first quarter of fiscal 2000 is $0.57 a share, and $1.48 for the full year, according to the research firm First Call. Lucent declined to comment on its specific forecasts fiscal 2000 but it said its outlook for the year is strong. Lucent Chairman Rich McGinn said in a telephone interview that he expects the company to grow about 3 to 5 percentage points above the industry's growth rate of 14 percent. Sagawa said Lucent's business outlook remains strong but the company has been working to distribute its sales throughout the year instead of having the bulk of its business reported in the December quarter. Therefore, some analysts may trim their estimates for December but raise expectations in other quarters, he said. ''The irony here is that a couple of years ago the analysts were concerned that we were so strong in that quarter vis-a-vis the other quarters that we've been working to smooth the business out ... I think we've been successful here in getting that smoothness,'' McGinn said. In the third quarter, Lucent saw strong demand from both established and emerging service providers and across geographic regions. International sales increased 48 percent in the quarter and now represent about 30 percent of the company's total sales. Including costs related to its $24 billion acquisition of data networking company Ascend Communications Inc., net income was $750 million, or 24 cents a share. A year ago, the company reported a loss of $150 million, or 5 cents, after one-time charges from its acquisitions of Yurie Systems and Optimay. Sales of equipment and services to telecommunications companies and network operators rose 27 percent to $6.09 billion. The increase was driven by sales to local and long distance companies, wireless service providers and continued demand for increased network capacity, Lucent said. Lucent saw some weakness in sales of communications equipment to businesses, as sales increased only 4 percent to $2.10 billion. Strong sales of its Definity Enterprise Communications Server, a phone switch capable of handling large businesses, were partially offset by decreased sales of its Systimax cabling systems for corporate campuses. Systimax's sales declined due to increased competition and pricing pressure, Lucent said. McGinn said the company is looking at several ways of to address that weakness, including restructuring or possibly shedding the unit. ''We need to have all parts of the business growing and taking share in that market. To the extent that we can't do that, then we've got to restructure the business,'' McGinn said. ''We expect to continue to sell businesses that don't fit our portfolio for growth performance in the top line and the bottom line,'' he said. Sales in its microelectronics unit, which makes semiconductors for phone equipment, increased 23 percent to $902 million due to strong demand for components and customized chips for high-speed communications, data networking systems and wireless systems. ========------------========------------========------------=========

To: Clint E. who wrote (22206)	7/21/1999
From: Clint E.	Respond to of 69762

======== Earnings After The Close ======== Tuesday July 20, 10:18 PM,,,-ExciteAtHome reports small 2nd-quarter loss REDWOOD CITY, Calif., July 20 (Reuters) - ExciteAtHome Corp.(Nasdaq:ATHM - news) Tuesday reported a small second-quarter loss, in line with analysts' forecasts, as revenues more than doubled and traffic to its Internet portal rose modestly. The company, formed through the recent merger of the Internet portal Excite and the high-speed access provider AtHome, reported a second-quarter pro forma loss, excluding merger costs and other unusual items, of $5.9 million or two cents per share. Analysts on average forecast a loss of two cents, according to First Call Corp., which tracks such estimates. Including all the unusual items, the company had a net loss of $217.9 million, or 76 cents per share, compared with a loss in the year-ago period of $24.8 million, or 11 cents. Revenues rose to $100.4 million from $42.2 million, on a combined company basis, a year earlier. Traffic to the ExciteAtHome Internet portal rose to 81 million page views per day in June from 77 million in March. ''This quarter we focused on integrating the operations of both companies and delivering on the promise of providing a compelling Internet experience in both narrowband and broadband,'' ExciteAtHome Chairman Tom Jermoluk said in a statement. In an interview after earnings were reported, ExciteAtHome President George Bell said the integration of the two companies was about 95 percent complete, and that the company was on target to build its high-speed service subscriber base to one million at the end of the year. The company currently has about 620,000 high-speed subscribers. On Tuesday it announced a deal to offer its high-speed service and a pre-installation kit at the consumer electronics chain Circuit City Stores (NYSE:CC - news). Bell said the company planned to pursue more partnerships that will make it easier for consumers to install the service, ''If consumers are able to walk into a retail outlet, get hooked up to the service, go home and install it, it lessens our dependence on cable operators,'' Bell said. ========------------========------------========------------========= Tuesday July 20, 9:51 PM,,,,Siebel Systems again tops analyst forecasts PALO ALTO, Calif., July 20 (Reuters) - Siebel Systems Inc. (Nasdaq:SEBL - news), the largest maker of customer relationship management software, on Tuesday reported quarterly earnings that again topped analyst forecasts as sales surged 83 percent. The San Mateo, Calif. company said second-quarter net income for the period ended June 30 was $25.8 million, or 24 cents a share, compared with a loss of $810,000, or one cent a share a year ago, including charges. Revenue rose to $164.4 million from $90.0 million. The results surpassed the average forecast of analysts polled by First Call Corp. of 21 cents a share. Unlike other software companies such as SAP AG of Germany that have seen sales and profits decline because of a shift in technology spending to deal with the Year 2000 bug, Siebel continues to rack up revenues and new customers. During the quarter, Siebel said it added new customers such as America Online Inc., Abbott Laboratories Ltd., Enron Corp., Nokia Corp. and others. Siebel also gets a boost because about half of its revenues come from repeat buyers. Revenues from sales of new software rose 63 percent to $110.0 million from $67.3 million and accounted for 67 percent of sales. Revenues from maintenance, consulting and other services surged 140 percent to $54.4 million from $22.7 million a year ago. Siebel shares tumbled $5.06 to close at $58.44 amid a rout in technology shares on the Nasdaq. The company, whose shares are a bit off their year high of $67.38, reported the results after the close of regular U.S. trading. Because the enterprise resource planning market, dominated by SAP (NYSE:SAP - news), PeopleSoft Inc. (Nasdaq:PSFT - news) and Oracle (Nasdaq:ORCL - news), has slowed, others are moving into Siebel's market, analysts said. Oracle recently introduced a full suite of sales force management, call center and other types of software to help companies automate and streamline more of their business. Analysts expect Redwood Shores, Calif.-based Oracle eventually to challenge Siebel in its bread-and-butter market, but for now noted that Siebel continues to steam ahead. ========------------========------------========------------========= Tuesday July 20, 9:29 PM,, Xilinx July quarter earnings top expectations PALO ALTO, Calif., July 20 (Reuters) - Xilinx Inc. (Nasdaq:XLNX - news), a leading maker of chips used in cell phones and data networking equipment, on Tuesday reported quarterly results that topped expectations as it rode a rebound in the semiconductor industry. The San Jose, Calif. firm said net income in the quarter ended July 3, 1999 rose to a record $51.6 million, or 31 cents a diluted share, from a loss of $635,000 in the similar period a year ago. Revenue rose 41 percent to $211.4 million from $149.5 million. The results topped analyst forecasts of 28 cents a share, according to First Call Corp., which tracks such figures. The semiconductor industry is steadily coming out of its worst slump ever and chip giants such as Intel Corp. (Nasdaq:INTC - news) are forecasting a strong second half of the year. Companies such as Xilinx and Altera Corp., (Nasdaq:ALTR - news) which make chips used in data networking gear and cell phones are also reaping profits because of stiff demand. Xilinx makes so-called programmable logic devices and field programmable gate-array semiconductors, both of which can be reprogrammed by the customer to perform different functions. Xilinx stock close down $2.56 at $58.56 on the Nasdaq amid a rout in technology shares. The stock has surged from a year-low of $14.88. ========------------========------------========------------========= Computer Associates hits earnings expectations July 20, 1999, 3:55 p.m. PT Computer Associates International, the No. 4 U.S. software maker, said its fiscal first-quarter profit increased 10 percent on rising demand for its consulting services and corporate software. Profit before charges for the quarter ended June 30 rose to $214 million, or 39 cents a share, compared with $194.2 million, or 34 cents, a year earlier. The company was expected to earn 39 cents a share, the average estimate of analysts polled by First Call. Some unpublished estimates forecast a profit as high as 41 cents a share. Revenue rose 17 percent to $1.22 billion from $1.05 billion. Computer Associates acquired several technology consulting companies during the past year to boost revenue from servicing other companies' computers. The company warned in the year- earlier quarter that sales and earnings growth would slow because of the Asian economic crisis and as customers were spending money on fixing the Year 2000 glitch, which could cause computers to malfunction if they read they year "2000" as "1900." "One of the motivations the company had in this series of acquisitions is that they're trying to rejuvenate the company from a growth perspective,'' said First Albany analyst Damian Rinaldi, who expected a per-share profit of 38 cents a share and revenue of about $1.2 billion. Islandia, New York-based Computer Associates bought rival Platinum Technology in June for $3.5 billion in cash to bolster its fledgling services business. The company said revenue from its consulting unit more than doubled to $119 million. Software sales rose 22 percent to $596 million. CA's flagship Unicenter software lets companies monitor and control their computer networks. "Unicenter has more competition today than it did,'' said Rinaldi. Computer Associates formerly battled primarily with IBM's Tivoli product, but now there's a host of new competitors such as BMC Software. After charges related to the Platinum acquisition, the company lost $431.9 million, or 80 cents a share. A charge a year earlier resulted in a loss of $480.8 million, or 87 cents. ========------------========------------========------------========= Tuesday July 20 6:43 PM,,,RealNetworks Loss Is Smaller Than Expected SEATTLE (Reuters) - RealNetworks Inc. (Nasdaq:RNWK - news), which makes the dominant software for playing audio and video over the Internet, said Tuesday it nearly broke even in the second quarter, beating analyst expectations. The Seattle-based company said it lost $270,000, nil per share, compared with a net loss of $2.6 million or 4 cents per share a year earlier. Revenue rose 86 percent to $28 million from $15.1 million. On average analysts had expected the company to lose two cents a share in the quarter, according to First Call. The company also said it has 70 million registered users of its RealPlayer Internet media software, compared with 27 million a year earlier. The company, founded by former Microsoft Corp. (Nasdaq:MSFT - news) executive Rob Glaser, gives away a basic version of its main products as part of a strategy to make them ubiquitous and develop a market for its higher-end software and services. The vast majority of RealNetworks' revenue, 72 percent in the latest quarter, is generated by sales to software for playing or transmitting multimedia content. The company says 85 percent of all Internet sites that include audio or video feeds use the RealPlayer format. Advertising is the fastest-growing revenue source, generating $2 million in the latest quarter, up 165 percent over the year-earlier period. In addition to ''streaming'' audio and video, which is played as the user downloads it off the Internet, RealNetworks has hopped aboard the craze to download complete music files from the Web in various formats including the popular MP3. The company said more than 5 million people have installed its RealJukebox music software, which was released 10 weeks ago in beta test form. ========------------========------------========------------========= Updated: 20-Jul-99 AFTER THE CLOSE ****** Hutchinson Technology Inc. (HTCH) 26 7/8 -1 7/16: supplier of suspension assemblies for disk drives posts a fiscal Q3 loss of $0.22 a share, two cents wider than the First Call mean, vs year-ago loss of $0.47; net sales rose 22.5% to $131.26 mln and suspension assembly demand remains soft, with limited visibility; see press release..... Boston Scientific Corp. (BSX) 45 3/8 -11/16: medical device maker posts a Q2 net of $0.27 a share, a penny better than the First Call mean, vs year-ago profit of $0.17; revenue increase 49% to $726 mln; see press release..... RF Micro Devices (RFMD) 72 3/8 -11 1/4: manufacturer of chips for wireless communications applications reports Q1 net of $0.25 a share, three cents above the First Call mean, vs yr-ago EPS of $0.05; revenue rose 165% to $62 mln; company also declares a 2-for-1 stock split; see press release.... CDW Computer Centers Inc. (CDWC) 51 -2 13/32: direct solutions provider posts a Q2 net of $0.51 a share, five cents ahead of the First Call mean, vs year-ago profit of $0.36; net sales increased 46% to $597.5 mln; see press release..... GenRad Inc. (GEN) 21 3/8 -3/8: provider of hardware, software and services for electronics OEMs posts a Q2 net of $0.27 a share, two cents better than the First Call estimate, vs year-ago profit of $0.19; revenues rose 8% to $63.6 mln; see press release..... PeopleSoft Inc. (PSFT) 14 1/2 -1: provider of enterprise application software posts a Q2 net of $0.01 a share, in line with the First Call estimate, vs year-ago profit of $0.15; revenues fell 2.6% to $312.2 mln; see press release..... New Era of Networks (NEON) 16 1/2 -1/2: provider of Enterprise Application Integration (EAI) solutions reports a Q2 loss of $0.19, two cents wider than analysts were expecting, vs a yr-ago profit of $0.05; earlier this month, NEON warned of a $0.12 and $0.22 per share loss for the qtr; see press release.... Netegrity Inc (NETE) 25 1/8 -2 1/2: provider of software and services for controlling user access to electronic commerce applications reports a Q2 loss of $0.13 a share, a penny narrower than analysts were expecting, vs a yr-ago loss of $0.14; revenue rose 150% to $2.63 mln; see press release..... Xilinx Inc. (XLNX) 58 9/16 -2 9/16: provider of complete programmable logic solutions posts a fiscal Q1 net of $0.31 a share, three cents better than the First Call estimate, vs year-ago break-even; revenue increased 41% to $211.4 mln and 15% on a sequential basis; see press release..... Excite@Home (ATHM) 45 1/16 -1 11/16: provider of cable-based Internet access reports a Q2 loss of $0.02 a share (excluding certain costs), in line with the First Call mean estimate, vs a yr-ago loss of $0.05; pro forma revenue rose 140% to $100.4 mln; see press release.... uBid Inc (UBID) 30 -5/8: online auctioneer reports a Q1 loss of $0.46 a share (before charges), three cents narrower than analysts were expecting, vs a yr-ago loss of $0.14; revenue rose 575% to $45.6 mln; gross margin was 8.7%; see press release.... Siebel Systems (SEBL) 58 7/16 -5 1/16: supplier of Web-based front office software systems reports Q2 net of $0.24 a share, three cents above the First Call mean, vs yr-ago earnings of $0.12; revenue rose 83% to $164.4 mln; see press release..... Diamond Technology Partners Inc. (DTPI) 25 3/4 +5/16: e-commerce services company posts a fiscal Q1 net of $0.19 a share, a penny ahead of the First Call estimate, vs year-ago profit of $0.14 a share; revenues increased 40% to $25.7 mln; see press release..... E-Tek Dynamics Inc. (ETEK) 45 15/16 -1 29/32: designer and manufacturer of high quality passive components and modules for fiber optic systems posts a fiscal Q4 pro-forma net of $0.15 a share, a penny ahead of the First Call mean, vs year-ago profit of $0.08 a share; net revenues rose 68.6% to $51.5 mln; see press release; company also announces the purchase of a controlling interest in FibX Corp., the Taiwanese manufacturing joint venture formed by E-TEK and Walsin Lihwa Corp.; see press release...... Razorfish Inc (RAZF) 32 7/8 -2: digital communications solutions provider reports Q2 earnings of $0.03 a share, a penny above the First Call mean, vs a yr-ago loss of $0.05; revenue rose 397% to $15.1 mln; see press release..... Juniper Networks (JNPR) 138 +3: maker of the M40 Internet backbone router posts a Q2 pro-forma loss of $0.09 a share, vs year-ago loss of $0.20; there are no First Call estimates for this period; net revenues rose 75% to $17.6 mln; see press release..... Galileo Technology Ltd. (GALT) 54 1/4 -6: semiconductor maker reports Q2 earnings of $0.28 a share, three cents above the First Call mean, vs yr-ago net of $0.15; revenue improved 61% to $18.3 mln; see press release..... Ramp Networks (RAMP) 25 -4 5/16: supplier of high speed Internet access solutions for the small office reports a Q2 loss of $0.45 a share, six cents narrower than analysts were expecting; vs a yr-ago loss of $0.89; revenue rose 137% to $4.5 mln; see press release....... MIPS Technologies (MIPS) 43 3/8 - 1 1/8: designer of microprocessor intellectual property for embedded systems applications reports a fiscal Q4 profit of $0.12 a share, two cents above the First Call mean estimate, vs yr-ago pro forma EPS of $0.08; revenue rose 62% to $17.8 mln; see press release..... Silknet Software (SILK) 34 5/8 -2 3/4: provider of customer-centric e-business applications and systems reports a Q4 loss of $0.30 a share, nine cents narrower than analysts were expecting, vs yr-ago red ink of $0.71; revenue rose 206% to $4.77 mln; see press release..... Computer Associates (CA) 52 15/16 -2 3/8: software developer reports Q1 net of $0.39 a share, in line with the First Call mean estimate, vs yr-ago earnings $0.34; revenue rose 17% to $1.222 bln; see press release.... F5 Networks Inc. (FFIV) 62 13/16 -6 3/16: Internet traffic management solutions provider posts a fiscal Q3 loss of $0.10 a share, nine cents narrower than the First Call estimate, vs year-ago loss of $0.11 a share; net revenues rose 565% to $7.605 mln; see press release..... DSP Group (DSPG) 36 7/8 -1 3/4: developer of Digital Signal Processing Cores reports Q2 net of $0.26 a share, four cents above the First Call mean, vs yr-ago earnings of $0.42; see press release..... Digital River Inc. (DRIV) 29 -1 7/8: provider of electronic commerce outsourcing solutions posts a Q2 loss of $0.27 a share, excluding amortization of goodwill and acquisition-related costs, eight cents narrower than the First Call mean, vs year-ago loss of $0.30; sales rose 355% to $15.81 mln and 35% on a sequential basis; see press release..... Cadence Design Systems (CDN) 14 7/8 -5/8: supplier of electronic design products and services reports Q2 earnings of $0.08 a share, well below the First Call mean estimate of $0.20, vs yr-ago net of $0.24; company says expects a sequential decrease in Q3 revenues as it transitions to a new product sales model; see press release..... Hambrecht & Quist Group (HQ) 39 1/16 +3/4: investment firm posts a fiscal Q3 net of $1.39 a share, well above the First Call mean of $0.83, vs year-ago profit of $0.52; revenues rose 73% to $178.1 mln; company to also repurchase up to 2 mln additional shares; see press release..... Teradyne Inc (TER) 69 5/8 -5 7/8: chip equipment maker reports Q2 earnings of $0.40 a share, two cents above the First Call mean, vs yr-ago net of $0.46; see press release.... Xoom.com Inc. (XMCM) 46 1/8 -6 5/8: direct e-commerce company posts a Q2 pro-forma loss of $0.16 a share, eleven cents narrower than the First Call estimate, vs year-ago loss of $0.18; see press release ..... Infoseek (SEEK) 40 -11/16: Internet portal reports a Q3 loss of $0.36 a share (before charges), six cents narrower than analysts were expecting, vs a yr-ago loss of $0.04; including merger costs, company lost $0.83 a share; company also announces departure of CFO Leslie E. Wright by end of the month..... Triquint Semiconductor (TQNT) 47 5/8 -2 1/8: chip maker reports Q2 earnings of $0.26 a share, three cents above the First Call mean, vs yr-ago EPS of $0.14; see press release .... RealNetworks Inc. (RNWK) 77 13/16 -5 11/16: Internet streaming media software developer reports breakeven Q2 results, two cents better than the $0.02 loss projected by analysts; RNWK lost $0.04 in the yr-ago; see press release .... USWeb Corp. (USWB) 24 9/16 -1 3/16: Internet professional services firm reports Q2 net of $0.12 a share, two cents above the First Call mean, vs yr-ago EPS of $0.05; see press release .... ========------------========------------========------------=========

To: Clint E. who wrote (22206)	7/21/1999 2:22:00 AM
From: Clint E.	Respond to of 69762

=-=-= Tuesday July 20, 1999,,,Nets =-=-= Symbol Last Trade Change Volume Avg Vol Day's Range Open 52-week Range P/E Mkt Cap ^IXIC Jul 20 2732.18 -98.11 -3.47% N/A N/A 2728.81 2830.28 2806.37 1357.09 2874.92 N/A N/A ^IXY2 Jul 20 509.47 -24.91 -4.66% N/A N/A 509.22 533.02 533.02 414.87 696.76 N/A N/A ^INX Jul 20 1377.10 -30.55 -2.17% N/A N/A 1375.19 1407.39 1407.39 923.32 1420.14 N/A N/A ^GIN Jul 20 451.45 -20.03 -4.25% N/A N/A 451.30 471.48 471.48 101.15 696.30 N/A N/A PORTALS No such ticker symbol. Try Symbol Lookup (Look up: PORTALS) YHOO Jul 20 142.12 -7.38 -4.93% 6,083,100 8,065,772 141.75 150.50 148.12 29.50 244.00 364.63 29.047B BCST Jul 20 109.75 -5.75 -4.98% 392,500 590,000 109.75 116.00 114.31 16.38 177.25 N/A 3.994B LCOS Jul 20 95.81 -4.50 -4.49% 1,443,700 2,651,000 95.50 102.75 99.88 20.06 145.38 N/A 4.180B SEEK Jul 20 40.00 -0.69 -1.69% 1,661,300 1,938,636 39.25 40.81 40.81 14.88 100.00 N/A 2.472B GNET Jul 20 76.44 +1.31 +1.75% 1,585,600 915,318 71.00 79.00 73.31 3.19 99.50 N/A 1.983B XMCM Jul 20 46.12 -6.62 -12.56% 1,003,100 529,681 46.06 51.25 51.00 21.12 98.50 N/A 739.7M INSP Jul 20 52.38 -4.62 -8.11% 750,800 1,157,500 51.50 55.12 55.00 9.75 72.62 N/A 2.474B TGLO Jul 20 15.81 -0.81 -4.89% 441,900 860,681 15.50 16.50 16.25 12.69 48.50 N/A 417.7M EWBX Jul 20 42.88 -3.00 -6.54% 201,900 294,727 40.12 46.00 46.00 25.38 89.00 N/A 401.1M SPLN Jul 20 38.38 -0.81 -2.07% 459,300 482,863 37.12 39.50 39.25 6.38 59.25 N/A 860.7M BOUT Jul 20 41.62 -2.50 -5.67% 71,000 206,272 39.12 42.75 41.62 23.00 100.00 N/A 502.0M GOTO Jul 20 57.25 -3.62 -5.95% 516,800 45 54.50 59.50 56.88 20.00 69.88 N/A 2.542B ISP_TELCM No such ticker symbol. Try Symbol Lookup (Look up: ISP_TELCM) AOL Jul 20 113.19 -5.81 -4.88% 18,492,700 23,172,500 113.00 119.00 117.88 17.25 175.50 238.00 122.5B ATHM Jul 20 45.06 -1.69 -3.61% 8,442,200 6,117,954 44.25 47.25 46.44 11.75 99.00 N/A 11.326B STRM Jul 20 48.38 -2.88 -5.61% 206,300 45 47.75 51.12 49.38 24.00 70.00 N/A 2.571B CNCX Jul 20 36.00 -0.75 -2.04% 368,400 693,090 34.31 36.88 36.56 7.12 57.62 N/A 1.448B MSPG Jul 20 44.38 -1.12 -2.47% 2,338,400 2,141,000 42.75 46.12 45.12 11.56 66.50 379.17 2.726B ELNK Jul 20 58.75 +2.25 +3.98% 1,602,300 1,459,681 53.50 60.50 55.62 19.50 99.38 N/A 1.872B PRGY Jul 20 24.94 -0.81 -3.16% 352,600 439,863 23.75 25.56 25.56 20.00 50.62 N/A 1.521B FLAS Jul 20 24.88 -1.25 -4.78% 87,900 232,590 24.19 26.94 26.94 15.62 51.50 N/A 345.2M GEEK Jul 20 19.38 -1.25 -6.06% 296,800 221,863 18.31 20.38 20.12 11.50 61.00 206.25 133.6M PSIX Jul 20 57.75 -2.62 -4.35% 1,514,100 1,589,136 57.25 59.75 59.62 8.38 73.75 N/A 3.726B ONEM Jul 20 28.75 -1.62 -5.35% 371,900 443,818 28.00 29.31 28.62 14.19 46.75 N/A 619.2M ALGX Jul 20 57.38 -0.62 -1.08% 432,200 444,818 54.00 57.62 57.38 5.00 59.50 N/A 3.570B MGCX Jul 20 26.75 -2.00 -6.96% 294,400 177,500 26.75 28.56 28.50 4.00 52.75 N/A 468.3M RCNC Jul 20 45.97 -1.28 -2.71% 361,400 607,272 45.38 48.62 47.25 8.75 54.50 N/A 3.455B RTHM Jul 20 59.12 -4.88 -7.62% 355,200 518,000 58.75 63.94 63.00 42.50 111.50 N/A 4.254B PCNTF Jul 20 40.12 -1.25 -3.02% 274,500 303,954 40.00 41.94 41.62 26.25 104.25 N/A 492.5M COVD Jul 20 60.75 -4.00 -6.18% 729,000 872,545 59.00 65.25 65.00 20.62 81.00 N/A 4.878B CMTN Jul 20 97.00 +2.72 +2.88% 279,700 45 86.75 97.12 89.75 50.50 107.00 N/A 2.172B RBAK Jul 20 153.12 -9.88 -6.06% 466,900 N/A 151.12 163.00 157.12 65.00 199.25 N/A 3.221B BRCD Jul 20 108.50 -7.38 -6.36% 232,500 90 108.44 116.50 115.00 33.00 137.44 N/A 2.787B TUTS Jul 20 42.12 -2.88 -6.39% 200,000 258,181 42.00 44.81 44.38 36.62 86.25 N/A 482.8M UPCOY Jul 20 68.69 -1.44 -2.05% 146,800 184,545 68.69 70.12 69.50 31.12 71.00 N/A 8.878B NTPA Jul 20 29.06 -0.81 -2.72% 437,100 487,863 27.75 29.75 27.88 3.62 37.00 N/A 371.5M LOAX Jul 20 17.88 -1.12 -5.92% 84,800 45 17.69 18.88 18.00 11.38 37.00 N/A 127.6M NPNT Jul 20 40.81 -2.25 -5.22% 497,700 45 39.75 42.38 42.38 30.00 48.75 N/A 4.959B HSAC Jul 20 38.62 -1.88 -4.63% 864,100 45 38.00 40.00 38.75 15.00 49.19 N/A 2.002B WGAT Jul 20 44.50 -3.12 -6.56% 334,300 693,909 43.25 48.00 47.88 21.25 55.75 N/A 931.5M IDTC Jul 20 23.94 -1.00 -4.01% 1,742,300 1,158,863 23.25 24.75 24.38 9.50 35.00 N/A 571.5M NPLS Jul 20 22.69 -1.38 -5.71% 809,300 318 22.00 24.00 23.75 18.38 30.56 N/A 1.210B WEB_HOST No such ticker symbol. Try Symbol Lookup (Look up: WEB_HOST) EXDS Jul 20 122.50 +3.31 +2.78% 7,570,600 1,990,000 109.50 123.75 116.00 7.75 148.19 N/A 5.042B VRIO Jul 20 80.00 -3.25 -3.90% 1,212,600 729,636 78.38 83.00 82.81 13.00 85.00 N/A 2.983B ABOV Jul 20 40.00 -1.16 -2.81% 551,300 1,851,545 39.00 40.88 39.00 5.75 75.50 N/A 1.244B GBIX Jul 20 47.75 -3.12 -6.14% 256,700 273,090 47.75 50.75 50.50 4.00 65.00 N/A 394.8M BANKING No such ticker symbol. Try Symbol Lookup (Look up: BANKING) NTBK Jul 20 27.06 -3.69 -11.99% 4,196,000 1,743,454 26.75 30.00 29.88 3.56 83.00 113.89 779.5M SONE Jul 20 37.31 -3.69 -8.99% 1,034,000 578,590 36.12 40.00 40.00 4.62 79.25 N/A 948.8M TBFC Jul 20 31.44 -1.69 -5.09% 659,200 982,954 30.62 32.31 32.00 3.94 75.88 N/A 1.045B NXCD Jul 20 38.88 -0.88 -2.20% 199,300 45 38.00 39.75 39.25 22.00 50.00 N/A 1.698B ATLB Jul 20 17.12 -1.12 -6.16% 85,800 71,681 16.00 18.25 18.25 7.00 52.25 11.85 69.5M CKFR Jul 20 31.38 -0.75 -2.33% 912,200 1,394,863 30.62 32.00 31.88 5.75 69.12 118.98 1.719B SCAI Jul 20 48.31 -2.56 -5.04% 396,900 235,909 47.00 51.94 50.94 7.75 52.75 188.43 1.139B BROKER No such ticker symbol. Try Symbol Lookup (Look up: BROKER) NITE Jul 20 51.12 -0.88 -1.68% 5,270,200 4,465,681 50.06 52.25 51.00 2.25 81.62 73.24 5.406B SCH Jul 20 47.25 -2.25 -4.55% 4,564,000 3,481,954 46.75 49.50 49.31 9.25 77.50 83.90 38.576B EGRP Jul 20 33.06 -1.62 -4.68% 7,123,800 7,700,000 33.00 34.06 34.06 2.50 72.25 N/A 7.711B AMTD Jul 20 30.25 -1.50 -4.72% 3,707,700 3,159,136 30.06 31.50 30.88 1.88 62.75 211.67 5.277B NDB Jul 20 41.50 -2.75 -6.21% 842,900 1,158,272 41.06 43.69 42.75 8.12 93.00 29.70 688.7M DIR Jul 20 26.75 +1.88 +7.54% 1,233,100 45 25.06 26.75 25.12 23.06 45.62 9.99 2.702B SIEB Jul 20 24.00 -0.88 -3.52% 129,100 214,590 23.25 24.38 24.12 5.75 70.62 118.45 532.7M SWS Jul 20 56.25 -3.38 -5.66% 198,900 627,409 55.75 58.50 58.25 14.19 87.00 29.81 602.7M FIN_NEWS No such ticker symbol. Try Symbol Lookup (Look up: FIN_NEWS) INTU Jul 20 90.38 -2.12 -2.30% 658,400 841,545 89.88 93.00 92.00 34.19 110.75 91.58 5.625B USAI Jul 20 44.38 -0.94 -2.07% 654,100 703,954 44.12 45.88 45.00 13.81 46.69 151.04 7.168B TSCM Jul 20 31.00 -2.94 -8.66% 115,900 45 31.00 34.12 33.94 25.06 71.25 N/A 731.8M MKTW Jul 20 49.75 -0.38 -0.75% 26,800 149,500 48.12 49.75 49.12 45.00 130.00 N/A 605.1M MARG Jul 20 19.88 -2.12 -9.66% 96,700 100,772 19.50 22.00 21.50 3.50 27.25 64.71 95.3M TSCN Jul 20 20.62 -1.12 -5.17% 100,000 176,000 20.38 21.50 21.06 2.62 26.38 N/A 271.4M MLTX Jul 20 22.94 -1.69 -6.85% 113,100 146,272 22.25 24.50 24.25 22.12 71.50 136.81 500.0M STRM_ENTRMT No such ticker symbol. Try Symbol Lookup (Look up: STRM_ENTRMT) RNWK Jul 20 77.81 -5.69 -6.81% 1,961,900 2,632,863 77.12 82.88 81.19 7.62 131.88 N/A 5.563B VDAT Jul 20 17.19 -0.56 -3.17% 212,100 425,409 17.00 17.69 17.62 1.19 46.50 N/A 111.8M TUNE Jul 20 24.62 -2.38 -8.80% 242,100 312,500 24.00 27.12 26.75 2.38 61.00 N/A 2.050B HAUP Jul 20 31.62 -0.50 -1.56% 1,585,900 1,309,000 30.00 35.00 31.31 4.75 38.12 50.99 136.4M NETS Jul 20 23.81 -0.19 -0.78% 441,100 241,227 22.69 23.81 23.00 2.50 25.50 N/A 348.5M VVTV Jul 20 25.00 -1.44 -5.44% 485,200 618,227 24.81 26.38 26.38 3.12 27.75 N/A 652.2M BIGE Jul 20 20.88 -0.50 -2.34% 166,000 174,818 20.50 22.12 21.69 2.12 34.00 N/A 205.4M AVRTISE No such ticker symbol. Try Symbol Lookup (Look up: AVRTISE) DCLK Jul 20 87.62 -7.19 -7.58% 4,740,700 3,485,227 85.56 90.75 90.00 6.75 176.00 N/A 3.468B ABDR Jul 20 88.19 -8.56 -8.85% 540,100 285,727 87.25 92.62 92.38 33.75 105.62 82.69 871.6M ITVU Jul 20 38.06 -5.06 -11.74% 481,100 511,954 38.00 43.25 42.50 5.12 82.00 N/A 512.2M ADFC Jul 20 28.25 -2.00 -6.61% 273,500 181 26.50 30.50 30.12 17.62 62.69 N/A 541.5M NETG Jul 20 23.59 -2.34 -9.04% 625,200 1,119,409 23.25 25.25 24.88 6.31 66.88 N/A 419.5M TFSM Jul 20 33.25 -1.94 -5.51% 448,900 586,363 32.75 34.69 33.75 5.00 69.62 N/A 670.7M MMXI Jul 20 47.50 -1.75 -3.55% 53,700 N/A 46.75 49.00 48.25 32.00 56.62 N/A 794.6M NETP Jul 20 19.62 -1.75 -8.19% 75,600 136 18.94 20.94 20.62 15.00 35.00 N/A 418.4M COMRCE_SW No such ticker symbol. Try Symbol Lookup (Look up: COMRCE_SW) INKT Jul 20 108.50 -6.44 -5.60% 1,958,700 2,024,636 107.56 114.75 113.44 19.50 159.12 N/A 5.300B VERT Jul 20 95.44 -12.12 -11.27% 433,400 356,681 95.00 106.38 104.25 34.75 149.00 N/A 1.589B VIGN Jul 20 64.50 -1.50 -2.27% 102,800 234,318 62.38 67.12 66.88 37.25 111.75 N/A 1.767B WEBT Jul 20 39.62 -3.06 -7.17% 389,400 442,590 39.00 42.50 41.50 22.00 84.00 1067.19 445.8M BVSN Jul 20 68.50 -5.00 -6.80% 529,700 642,772 67.88 73.00 73.00 9.25 80.00 253.45 1.732B EPAY Jul 20 47.25 -5.31 -10.11% 118,300 244,090 47.00 52.12 52.12 14.00 98.00 131.41 493.6M MACR Jul 20 34.50 -1.25 -3.50% 575,200 684,818 34.12 36.81 35.75 12.31 53.25 81.25 1.462B DRIV Jul 20 29.00 -1.88 -6.07% 424,100 679,227 28.75 30.56 30.50 5.00 61.38 N/A 584.4M USIX Jul 20 33.38 -0.38 -1.11% 144,800 311,136 33.00 33.88 33.56 23.00 60.00 N/A 1.327B ITRA Jul 20 26.06 -0.69 -2.57% 151,200 188,136 25.25 26.50 26.25 16.00 52.38 N/A 627.4M CNQR Jul 20 37.00 -0.25 -0.67% 50,500 146,500 35.50 37.00 36.88 14.00 59.25 N/A 836.9M IMAL Jul 20 19.75 -0.62 -3.07% 425,700 267,045 19.50 20.75 20.25 5.50 32.75 N/A 349.4M USWB Jul 20 24.56 -1.19 -4.61% 1,511,500 2,288,727 24.12 25.62 25.12 7.75 47.00 N/A 1.823B ONXS Jul 20 17.00 -0.25 -1.45% 78,400 90,363 16.62 17.12 16.91 15.88 51.62 N/A 292.7M SCNT Jul 20 50.50 -2.19 -4.15% 64,100 N/A 49.06 52.38 52.38 27.75 58.50 N/A 1.732B PRSF Jul 20 50.75 -2.06 -3.91% 43,500 90 50.00 52.50 52.31 27.75 59.94 N/A 3.824B MRBA Jul 20 43.00 -1.50 -3.37% 120,600 136 41.25 45.66 45.62 30.25 74.38 N/A 991.4M SILK Jul 20 34.62 -2.75 -7.36% 177,700 136 33.62 38.25 38.06 15.62 52.38 N/A 519.3M MUSE Jul 20 54.00 -2.44 -4.32% 437,300 180,227 52.38 55.56 55.25 8.00 60.75 2821.88 857.2M VRTY Jul 20 45.00 -2.94 -6.13% 230,400 310,545 45.00 47.94 47.75 5.06 54.75 54.47 562.8M AUCTION No such ticker symbol. Try Symbol Lookup (Look up: AUCTION) EBAY Jul 20 112.94 -4.75 -4.04% 2,887,200 3,741,363 110.75 116.50 116.00 8.38 234.00 1681.25 14.145B ONSL Jul 20 17.66 -0.47 -2.59% 640,100 713,136 17.00 18.25 18.06 10.62 108.00 N/A 345.7M UBID Jul 20 30.00 -0.62 -2.04% 217,000 358,272 29.00 30.75 30.69 20.50 189.00 N/A 274.4M BID Jul 20 34.62 -1.56 -4.32% 164,600 232,681 34.56 36.44 36.31 15.00 47.00 49.57 1.408B GMAI Jul 20 19.31 -2.25 -10.43% 96,400 160,727 19.12 21.56 21.56 1.50 28.50 82.93 122.8M BOOK_A&V No such ticker symbol. Try Symbol Lookup (Look up: BOOK_A&V) AMZN Jul 20 120.12 -11.56 -8.78% 8,610,900 7,874,636 120.06 129.38 129.12 21.62 221.25 N/A 19.408B BKS Jul 20 24.31 -0.25 -1.02% 450,200 678,681 24.25 24.62 24.50 22.19 48.00 18.61 1.686B BNBN Jul 20 18.62 -0.75 -3.87% 1,270,700 45 18.50 19.44 19.44 14.25 26.62 N/A 2.608B CDNW Jul 20 20.94 -0.88 -4.01% 767,400 1,141,090 20.56 21.50 21.44 7.00 39.25 N/A 630.3M HW&SW No such ticker symbol. Try Symbol Lookup (Look up: HW&SW) BYND Jul 20 26.31 -1.00 -3.66% 396,800 1,067,045 24.62 27.44 26.62 6.19 41.31 N/A 940.6M PCOR Jul 20 35.12 -1.62 -4.42% 26,500 125,954 35.06 38.00 38.00 28.00 94.00 N/A 545.4M CYBRMALL No such ticker symbol. Try Symbol Lookup (Look up: CYBRMALL) ETYS Jul 20 36.91 -0.34 -0.92% 812,500 363 35.62 37.44 37.00 35.50 85.00 N/A 3.752B IVIL Jul 20 48.00 -2.75 -5.42% 110,200 394,363 47.38 50.56 50.50 31.25 130.00 N/A 1.137B ALOY Jul 20 11.00 -0.69 -5.88% 100,900 136 10.88 11.69 11.59 9.75 23.19 N/A 156.6M TURF Jul 20 17.00 -1.44 -7.80% 167,900 385,590 16.62 18.31 18.25 13.25 66.00 614.58 294.6M VUSA Jul 20 18.75 -0.88 -4.46% 100,500 381,818 18.50 19.50 19.25 15.56 74.25 N/A 831.3M TICKET No such ticker symbol. Try Symbol Lookup (Look up: TICKET) PCLN Jul 20 91.56 -6.09 -6.24% 1,670,400 2,587,318 91.00 96.00 95.38 58.00 165.00 N/A 13.031B TMCS Jul 20 38.75 -1.31 -3.28% 1,428,700 783,909 38.25 40.62 38.75 21.56 80.50 N/A 2.811B CTIX Jul 20 36.75 -1.38 -3.61% 19,500 124,045 36.75 38.00 38.00 24.00 49.62 762.50 769.7M PTVL Jul 20 20.50 -0.56 -2.67% 622,700 566,227 20.25 21.62 21.31 9.75 36.00 N/A 283.1M EHEALTH No such ticker symbol. Try Symbol Lookup (Look up: EHEALTH) HLTH Jul 20 63.12 +4.06 +6.88% 1,804,700 1,128,772 59.50 67.50 60.00 21.75 126.19 N/A 4.480B SUPC Jul 20 27.88 -0.38 -1.33% 86,800 177,954 27.62 28.12 28.00 21.00 48.25 28.54 288.9M IDXC Jul 20 18.75 -0.50 -2.60% 224,800 394,454 18.62 19.25 19.06 12.44 55.75 27.90 519.0M INCX Jul 20 55.94 -1.56 -2.72% 241,000 318,863 54.44 57.50 57.25 11.38 58.75 N/A 756.6M MMGR Jul 20 46.25 -0.69 -1.46% 260,700 470,954 45.75 47.44 47.44 12.62 60.50 57.95 1.035B KOOP Jul 20 29.00 -1.88 -6.07% 702,100 N/A 28.81 31.12 31.00 10.00 45.75 N/A 797.9M SECURITY No such ticker symbol. Try Symbol Lookup (Look up: SECURITY) VRSN Jul 20 82.50 -4.38 -5.04% 624,900 1,163,409 82.00 85.75 85.25 9.69 96.75 N/A 4.135B ISSX Jul 20 26.56 -11.75 -30.67% 10,320,400 532,500 25.62 30.00 29.50 8.50 46.25 N/A 1.005B CUST Jul 20 45.00 -0.88 -1.91% 521,700 1,346,590 43.50 46.12 46.06 3.50 90.00 31.00 686.1M ENTU Jul 20 31.62 +2.88 +10.00% 1,451,300 490,636 28.12 32.00 28.50 9.00 43.06 N/A 1.376B SDTI Jul 20 19.75 -0.75 -3.66% 559,900 753,590 19.50 21.00 20.50 5.44 30.62 8.54 768.0M CHKP Jul 20 60.12 +3.88 +6.89% 2,338,900 731,545 56.31 60.75 56.88 10.88 60.25 35.16 2.181B NEWS No such ticker symbol. Try Symbol Lookup (Look up: NEWS) CNET Jul 20 45.38 -3.81 -7.75% 1,712,600 2,200,136 45.12 48.31 48.31 7.25 79.75 92.81 3.232B ZDZ Jul 20 22.88 -1.38 -5.67% 189,300 416,545 22.62 24.38 24.31 16.62 55.50 N/A 1.636B FUND No such ticker symbol. Try Symbol Lookup (Look up: FUND) CMGI Jul 20 97.56 -3.94 -3.88% 5,504,700 5,905,636 97.38 104.75 100.50 8.62 165.00 298.53 9.299B WCAP Jul 20 20.00 -1.75 -8.05% 213,100 289,500 19.62 21.56 21.56 1.56 65.06 4.79 105.1M SFE Jul 20 67.12 -2.62 -3.76% 273,000 840,818 67.00 70.75 70.12 17.12 120.00 18.45 2.222B BGF Jul 20 30.62 -0.19 -0.61% 113,900 214,000 30.50 30.81 30.81 15.19 36.19 17.41 603.3M MRKT_SCVS No such ticker symbol. Try Symbol Lookup (Look up: MRKT_SCVS) MMPT Jul 20 21.88 -1.12 -4.89% 127,600 148,409 21.75 22.75 22.75 21.25 55.12 N/A 242.6M ROWE Jul 20 19.69 -0.06 -0.32% 228,400 192,727 18.75 21.25 19.88 13.12 53.25 N/A 198.6M CPTH Jul 20 44.88 -3.19 -6.63% 118,100 444,954 44.38 49.12 48.06 34.12 150.25 N/A 1.711B TELMRKT No such ticker symbol. Try Symbol Lookup (Look up: TELMRKT) MSGI Jul 20 23.50 -1.56 -6.23% 271,600 576,181 23.00 25.06 25.00 2.00 60.12 N/A 520.6M EMISC No such ticker symbol. Try Symbol Lookup (Look up: EMISC) GMST Jul 20 72.31 -1.75 -2.36% 711,900 643,409 68.62 73.50 73.50 15.50 77.50 N/A 7.227B

To: Clint E. who wrote (22206)	7/21/1999 10:35:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 69762

To much lesser degree than yesterday, caution is still in order. Positive reaction to most stocks reporting earnings last night or this morning is very encouraging. The action in Tech_Titans and some momemtum plays(jnpr+rbak..) is also a good sign. Hit&Run should work much better than yesterday. Tomorrow's expected so-so earnings from aol+amzn plus AG speech should weigh on the market. </preIndices [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- DJII 11042.000 46.000u 10996.000 10996.000 11049.000 10979.000 N/A 1485 N/A 10:27 N/A N/A NDX 2357.300 28.000u 2329.300 2329.300 2363.200 2329.300 310 278 1 10:47 2468.400 1063.300 COMP 2753.500 21.400u 2732.100 2742.800 2761.900 2737.500 63 60 1 10:31 2874.900 1357.100 SOX 495.190 8.030u 487.160 487.160 497.170 487.070 324 304 1 10:27 533.460 182.590 SPZ 1382.700 5.600u 1377.100 1377.100 1384.800 1377.100 250 223 1 10:32 1420.100 923.300 BKX 886.300 3.100d 883.200 886.600 889.000 884.200 221 195 1 10:27 944.300 545.700 QQQ 117.375 0.563u 116.813 117.063 118.125 116.438 20035 506 6 10:27 123.438 97.000 VIX 22.020 -0.390d 22.410 22.710 22.710 21.630 48 37 1 10:31 60.630 16.730 DOW [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- AXP 135.938 2.125u 133.813 133.563 136.250 133.563 3630 374 118 10:31 142.625 67.000 HWP 111.938 1.313u 110.625 110.500 112.000 109.500 10240 673 2 10:27 118.438 47.063 MRK 69.125 0.438u 68.688 68.563 69.188 68.500 13143 706 489 10:32 87.375 57.500 JPM 134.250 0.250d 134.000 134.688 134.688 133.688 2455 129 1 10:25 147.813 72.125 WMT 46.875 0.000u 46.875 46.688 47.000 46.250 12220 749 1 10:27 53.406 26.219 GE 117.500 -0.063u 117.563 117.063 117.875 116.875 8523 759 2 10:27 120.000 69.000 Tech_Titans [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- EMC 62.813 2.750u 60.063 60.500 63.000 60.063 35011 1977 N/A 10:27 67.469 20.844 CSCO 63.375 1.125u 62.250 62.438 63.750 62.125 48584 7435 1 10:32 69.250 20.563 WCOM 88.813 0.688u 88.125 88.500 89.188 88.375 22463 2076 4 10:32 96.766 39.000 MSFT 94.000 0.688u 93.313 93.625 95.063 93.313 N/A 10741 2 10:32 100.750 43.875 INTC 65.313 0.375u 64.938 65.188 66.000 64.813 42002 4348 10 10:32 71.844 34.875 DELL 41.125 0.000u 41.125 41.000 41.625 40.750 42478 5002 10 10:32 55.000 20.375 IBM 127.938 -0.313u 128.250 127.500 128.500 127.000 25879 1362 1 10:27 139.188 55.375 LU 69.438 -0.500d 69.938 70.000 71.000 68.313 N/A 5228 1 10:27 79.750 26.719 ETitans [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- RNWK 84.000 6.188u 77.813 81.000 85.375 81.000 13655 2990 1 10:32 131.875 7.625 AMZN 124.750 4.625u 120.125 121.000 125.375 120.250 23986 5556 3 10:32 221.250 21.656 CMGI 101.188 3.625u 97.563 99.000 101.750 98.500 12801 3536 1 10:32 165.000 8.609 INKT 112.000 3.500u 108.500 110.250 112.875 109.438 7156 1204 3 10:32 159.125 19.500 AOL 116.500 3.313u 113.188 114.688 116.500 113.625 50300 4372 2 10:32 175.500 17.250 YHOO 145.344 3.219u 142.125 142.875 146.000 142.250 19343 4255 4 10:32 244.000 29.500 EBAY 114.750 1.813u 112.938 113.875 115.625 112.500 6395 1761 3 10:32 234.000 8.406 DCLK 88.875 1.250u 87.625 88.000 90.000 87.000 9266 1726 25 10:32 176.000 6.750 CNET 46.375 1.000u 45.375 46.250 46.875 45.750 2752 749 10 10:32 79.750 7.250 ATHM 45.750 0.688u 45.063 45.500 46.750 45.500 21745 3862 2 10:32 99.000 11.750 PCLN 89.125 -2.438d 91.563 91.813 91.875 89.125 4436 1068 1 10:32 165.000 58.000 Networkers [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- COMS 26.563 -0.313d 26.875 26.750 26.813 26.438 8616 888 3 10:32 51.125 20.000 SUNW 69.313 -0.688d 70.000 69.938 69.938 68.563 34410 3901 1 10:32 76.438 19.188 WirelessMfr_Carrier [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- MOT 92.375 1.875u 90.500 91.000 92.750 90.500 9859 473 2 10:27 100.188 38.375 NOK 93.250 0.438u 92.813 92.813 93.875 92.375 5772 468 1 10:27 99.375 29.531 NXTL 53.750 -0.125- 53.875 53.750 54.313 52.563 14611 1230 16 10:32 58.313 15.375 PCS 58.125 -0.250d 58.375 58.750 58.813 58.000 1898 180 2 10:25 61.875 12.750 QCOM 159.750 -3.188d 162.938 164.000 164.000 158.125 15716 3094 3 10:32 167.250 18.875 Tcom&Cable_Gear [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- JNPR 150.875 12.875u 138.000 144.500 157.375 142.000 9430 3130 1 10:32 162.000 90.125 RBAK 160.000 6.875u 153.125 157.875 165.375 156.000 2026 755 2 10:32 199.250 65.000 HLIT 66.000 3.688u 62.313 63.000 68.000 62.813 423 110 1 10:31 68.375 7.625 TLAB 66.813 2.313u 64.500 65.500 67.625 65.000 17130 2236 4 10:32 74.000 15.688 ADCT 43.750 1.938u 41.813 42.188 43.938 42.000 5491 592 5 10:31 53.625 15.750 ANTC 36.625 1.625u 35.000 34.875 36.938 34.875 1711 154 14 10:31 42.438 11.500 CMVT 77.500 1.625u 75.875 76.188 77.500 75.875 1600 198 1 10:32 82.375 19.578 PDYN 42.000 1.375u 40.625 41.375 43.000 38.313 6168 1128 3 10:31 58.000 40.125 AWRE 58.000 0.938u 57.063 57.125 58.875 56.250 1146 203 9 10:31 87.125 4.250 NT 88.000 0.750u 87.250 87.313 88.500 86.500 8258 310 7 10:26 94.125 26.813 WCII 61.250 0.688u 60.563 60.563 61.625 60.313 4987 317 2 10:32 64.438 10.250 TERN 44.875 0.125d 44.750 46.000 46.000 44.750 1338 227 9 10:32 60.500 7.000 JDSU 167.125 -1.188d 168.313 169.500 169.500 166.375 1509 336 6 10:32 177.438 31.250 OCLI 82.063 -1.188d 83.250 83.000 83.000 81.875 93 30 4 10:31 88.375 14.375 EFNT 47.125 -1.625d 48.750 49.375 52.000 47.000 1853 526 6 10:32 68.000 43.000 ETEK 42.500 -3.438u 45.938 41.000 42.750 40.000 8348 474 2 10:32 51.188 19.438 Tcom&Cable_SrvcPrvdr [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- RCNC 47.813 1.844u 45.969 46.313 47.813 45.625 973 178 1 10:32 54.500 8.750 CMTN 98.313 1.313d 97.000 98.500 101.000 96.500 683 196 2 10:32 107.000 50.500 NXLK 92.063 1.125d 90.938 92.375 92.375 91.813 448 84 2 10:31 98.438 10.563 GTSG 76.000 0.875u 75.125 75.750 77.250 75.625 2267 179 30 10:28 91.688 21.125 GBLX 43.938 0.688u 43.250 43.813 44.063 43.375 2305 390 5 10:32 64.250 8.000 MCLD 60.625 0.250d 60.375 61.000 61.000 60.563 793 79 8 10:30 67.375 15.250 QWST 32.938 0.250u 32.688 32.750 33.313 32.438 23676 2794 2 10:32 52.375 11.000 ADLAC 65.000 0.063d 64.938 65.250 65.750 65.000 522 41 9 10:31 87.000 29.125 MFNX 35.063 -0.313d 35.375 35.375 35.563 34.750 1939 395 3 10:32 47.563 4.219 LVLT 63.063 -0.438d 63.500 64.000 64.188 63.000 1464 297 2 10:31 100.125 22.375 COVD 57.125 -3.625d 60.750 60.875 61.000 56.000 3881 738 1 10:32 81.000 20.656 ISPs [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- PSIX 58.625 0.875u 57.750 58.000 59.375 56.938 1940 349 6 10:32 73.750 8.375 MSPG 44.688 0.313d 44.375 44.875 45.313 44.438 3981 840 3 10:32 66.500 11.563 CNCX 35.125 -0.875d 36.000 35.625 36.250 34.750 287 88 1 10:29 57.625 7.125 ELNK 56.313 -2.438d 58.750 59.250 59.375 56.313 2694 546 1 10:32 99.375 19.500 WebHosting [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- EXDS 122.500 0.000d 122.500 123.875 125.688 119.125 7950 1986 1 10:32 148.188 7.750 VRIO 80.000 0.000u 80.000 79.875 80.125 79.500 1321 178 4 10:32 85.000 13.000 ABOV 39.438 -0.563d 40.000 40.000 40.250 39.375 829 157 2 10:32 75.500 5.750 EPortals [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- LCOS 98.313 2.500u 95.813 96.500 99.000 95.875 4076 921 1 10:32 145.375 20.063 INSP 54.313 1.938u 52.375 52.000 54.750 52.000 2691 389 4 10:32 72.625 9.750 GNET 77.188 0.750u 76.438 76.313 79.125 76.000 3559 899 1 10:31 99.500 3.203 EBanking [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- NTBK 27.938 0.875u 27.063 27.375 28.063 27.000 8058 1047 3 10:32 83.000 3.578 TBFC 31.875 0.438u 31.438 31.750 32.500 31.250 1323 129 4 10:31 75.875 3.938 SONE 37.000 -0.313d 37.313 37.875 38.750 36.938 827 199 2 10:31 79.250 4.625 EBrokers [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- AMTD 31.250 1.000u 30.250 30.688 32.750 30.125 10598 2117 5 10:32 62.781 1.875 NDB 42.375 0.875u 41.500 41.688 42.688 41.500 2315 373 8 10:31 93.000 8.125 EGRP 33.813 0.750u 33.063 33.563 34.250 33.188 14226 2400 4 10:32 72.250 2.500 NITE 51.563 0.438d 51.125 53.125 53.188 51.063 23248 3190 1 10:32 81.625 2.250 SCH 47.375 0.125u 47.250 47.000 47.625 45.563 9851 635 32 10:27 77.500 9.250 ESoftware [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- NSOL 73.750 3.750u 70.000 71.750 75.438 71.625 3465 833 2 10:32 153.750 10.500 BVSN 70.500 2.000u 68.500 69.750 71.500 68.625 883 247 4 10:28 80.000 9.250 VERT 97.000 1.563d 95.438 97.375 97.875 95.500 806 212 2 10:31 149.000 34.750 VRSN 81.625 -0.875d 82.500 82.000 83.250 79.063 2168 595 1 10:32 96.750 9.688 INTU 88.375 -2.000d 90.375 91.000 91.000 86.375 1611 345 50 10:31 110.750 26.250 EMisc [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- PHCM 76.250 3.500u 72.750 73.063 77.750 73.000 461 170 1 10:32 89.750 32.250 STRM 48.875 0.500u 48.375 48.813 49.750 48.000 294 95 1 10:28 70.000 24.000 GMST 71.625 -0.688d 72.313 71.875 72.000 71.000 1604 119 110 10:27 77.500 15.500 PCs [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- BBY 71.125 0.938u 70.188 70.250 71.875 70.250 2624 319 N/A 10:27 80.500 15.969 AAPL 53.625 0.750d 52.875 54.063 54.250 52.875 8839 1576 3 10:32 56.625 28.500 GTW 66.563 -0.813d 67.375 66.813 67.688 65.938 4287 348 4 10:27 84.500 36.125 SemiCapX_EDA [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- TER 72.500 3.500u 69.000 71.500 72.563 70.813 8481 193 2 10:27 79.250 15.000 KLAC 66.438 2.875u 63.563 64.375 66.750 63.875 7276 969 1 10:32 73.063 20.750 AMAT 73.063 0.750u 72.313 72.250 73.750 71.438 19062 2835 1 10:32 79.938 21.563 NVLS 65.875 0.250d 65.625 66.250 67.188 65.125 5374 585 2 10:32 75.875 20.875 LRCX 48.688 0.063u 48.625 48.563 49.500 48.063 1337 207 5 10:31 52.063 8.375 SNPS 57.313 -0.250d 57.563 57.563 57.688 56.625 797 143 5 10:31 63.250 24.500 Semis [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- GALT 57.000 2.750d 54.250 57.750 59.375 54.500 4045 325 7 10:30 64.750 6.625 RMBS 102.250 2.625d 99.625 103.625 103.625 99.500 3274 760 16 10:32 117.500 45.000 XLNX 61.125 2.563u 58.563 60.750 61.938 59.063 26260 2187 2 10:32 65.125 14.875 PMCS 75.750 2.250u 73.500 73.875 76.000 73.625 5607 817 2 10:32 86.625 11.438 RFMD 74.375 2.000d 72.375 77.938 77.938 74.125 11342 1330 10 10:32 86.625 6.125 MMCN 41.750 1.000u 40.750 40.750 42.125 40.750 1721 128 5 10:31 51.500 7.750 ALTR 39.063 0.938d 38.125 39.313 39.625 38.250 15618 1052 4 10:32 46.875 14.531 TXN 141.875 0.875u 141.000 141.000 143.000 140.375 15045 734 N/A 10:27 155.375 45.375 LSCC 58.125 0.594d 57.531 58.250 58.500 57.000 690 107 10 10:32 64.500 18.875 MCHP 50.063 0.188d 49.875 50.250 50.438 49.875 1030 100 2 10:32 54.938 17.000 AMCC 84.750 0.000d 84.750 85.625 86.000 81.375 2470 279 1 10:30 95.000 12.250 TXCC 46.125 0.000d 46.125 46.625 46.750 45.813 427 80 5 10:29 52.250 7.328 VTSS 59.063 -0.188d 59.250 59.500 60.125 58.250 6638 706 11 10:32 73.875 17.125 QLGC 145.500 -0.250d 145.750 148.000 150.000 144.250 1807 443 8 10:32 158.000 23.500 TQNT 46.625 -1.000d 47.625 47.000 47.250 44.750 2200 506 1 10:32 51.875 7.328 LLTC 64.313 -1.063d 65.375 66.000 66.000 63.750 5782 694 18 10:32 75.750 19.563 BRCM 129.875 -2.125d 132.000 132.563 132.625 126.625 5302 1271 10 10:32 149.500 23.500 CREE 69.000 -4.000d 73.000 70.688 71.250 68.125 1541 350 1 10:31 82.000 10.500 Software [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- CHKP 65.375 5.250u 60.125 60.500 65.750 60.500 6060 1188 5 10:31 60.750 10.875 SEBL 63.000 4.563u 58.438 62.000 63.000 60.875 13031 1101 11 10:32 67.375 15.125 BMCS 57.531 2.031u 55.500 55.688 58.188 55.688 12549 1075 10 10:32 64.875 30.000 MERQ 43.250 1.125u 42.125 42.375 43.563 42.375 1871 145 5 10:32 45.875 10.563 ADBE 90.125 0.750u 89.375 90.000 91.500 89.000 1208 267 5 10:30 93.625 23.625 EFII 57.625 0.563u 57.063 56.875 57.750 55.875 1965 233 100 10:31 60.375 13.500 CA 53.375 0.438u 52.938 52.750 53.938 51.875 4158 252 4 10:26 61.938 26.000 ORCL 37.688 0.188u 37.500 37.438 37.813 37.188 16584 1894 1 10:32 41.156 12.125 VRTS 57.688 0.188d 57.500 58.000 58.500 57.500 6074 457 2 10:32 63.438 11.875 RATL 33.313 0.125d 33.188 33.688 33.875 33.000 1489 119 10 10:32 40.000 10.500 CPWR 33.500 -0.125d 33.625 33.875 34.125 33.375 6451 508 20 10:32 39.906 16.375 CTXS 54.438 -0.188d 54.625 55.500 55.750 53.625 9724 1090 4 10:32 65.250 23.125 LGTO 70.750 -1.625d 72.375 72.125 72.438 69.063 3876 562 6 10:31 82.813 27.500 ECM [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- SANM 70.625 2.313u 68.313 68.625 71.000 68.438 2526 400 2 10:31 83.500 19.625 JBL 46.125 0.063u 46.063 46.000 46.250 45.250 513 68 5 10:27 55.375 11.500 SLR 65.000 -0.375u 65.375 64.250 65.375 64.125 2489 182 1 10:27 73.250 19.406 FLEX 51.000 -1.375d 52.375 52.125 52.375 50.625 1318 133 2 10:26 60.250 10.984 Misc [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- EXTR 62.438 4.188u 58.250 59.688 63.000 58.500 997 220 1 10:32 71.125 35.063 NTAP 58.938 2.813u 56.125 56.938 59.500 55.563 2027 320 1 10:32 67.000 16.000 ADIC 46.750 0.125u 46.625 46.375 46.875 46.375 1538 34 19 10:30 49.875 6.125 Banks_Brokers [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- C 49.250 0.625d 48.625 49.500 49.688 49.063 21734 804 14 10:27 51.750 19.000 MER 73.875 0.500u 73.375 73.688 74.438 73.625 4222 541 3 10:26 105.000 35.750 MWD 97.500 0.188d 97.313 97.750 98.375 97.438 2273 207 5 10:27 116.938 36.500 GS 67.813 -0.313d 68.125 68.000 68.063 67.000 1399 60 57 10:32 77.250 60.500 Bios_Drugs [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- IMNX 111.313 1.813d 109.500 112.125 114.500 111.313 4234 503 1 10:32 145.875 23.938 BGEN 75.500 1.563u 73.938 74.469 76.625 74.438 7166 804 3 10:32 75.750 20.875 AMGN 73.875 0.875u 73.000 73.500 74.875 73.000 13317 1369 78 10:32 81.375 28.969 PFE 36.063 0.313u 35.750 35.938 36.188 35.750 23800 1611 N/A 10:27 50.031 28.656 Laser [EDIT This List] Symbol Last Change Close Open Day Hi Day Lo Vol Trades Shrs Time 52wk Hi 52wk Lo ------- --------- --------- --------- --------- --------- --------- ------ ------ ----- ----- --------- --------- BEAM 19.375 0.375u 19.000 18.938 19.438 18.750 1039 162 10 10:32 23.438 3.000 VISX 96.813 -0.125u 96.938 96.313 97.063 95.750 2194 461 6 10:32 98.875 10.484 >