decisionpoint.com
Ominous Dark Cloud covers on most of the charts...be cautious tomorrow!
17:51 [PACI] PRECISION AUTO CARE SEES Q2 LOSS BEFORE TAXES OF $5.1 MLN.
17:31 [RXSD] REXALL SUNDOWN Q4 REVENUE $159 MLN VS $153 MLN.
17:30 [RXSD] REXALL SUNDOWN Q4 21 CENTS VS 28 CENTS; CALCULATED ON 12% LESS SHARES.
17:16 [WDFC] WD-40 CO. Q4 REVENUE $41.6 MLN VS. $39.8 MLN YR. AGO QTR.
17:16 [WDFC] WD-40 CO. Q4 NET 44 CENTS VS. NET 40 CENTS.
17:01 [BNS] BROWN & SHARPE SEES $3 MLN NET LOSS FOR Q3.
16:59 [AZO] AUTOZONE Q4 67 CENTS VS FIRST CALL CONSENSUS 67 CENTS.
16:58 [AZO] AUTOZONE Q4 67 CENTS VS 60 CENTS; REVENUE $245 MLN VS $228 MLN.
16:56 [CLST] CELLSTAR Q3 25 CENTS VS FIRST CALL CONSENSUS 27 CENTS.
16:56 [CLST] CELLSTAR Q3 25 CENTS VS 14 CENTS EXCLUDING CHARGE; REVENUE $560 MLN VS $502 MLN.
16:52 [PVCC] PVC CONTAINER Q4 14 CENTS VS 13 CENTS BEFORE CHARGES.
Abbott Laboratories (ABT) fell 2 1/2, or 6.3 percent, to 37 1/2. U.S. regulators warned the company they may seek to halt the manufacture and sale of some diagnostics products because of concerns about manufacturing quality controls.
Amazon.com Inc. (AMZN) rose 14 7/8, or 23 percent, to 80 3/4. The Internet's biggest retailer said it will let any merchant set up a store on its Web site for a monthly fee as Amazon tries to widen its product offerings before the fourth- quarter holiday season. For $9.99 a month, each merchant can list as many as 3,000 items on ''zShops,'' the area on Amazon.com's site devoted to the sellers. The retailers also will gain access to Amazon.com's 12 million customers.
Anadarko Petroleum Co. (APC) rose 2, or 6.9 percent, to 31. The oil and natural gas producer expects third-quarter profit to beat estimates on higher oil prices and production, Chairman and Chief Executive Robert Allison said. It was expected to earn 10 cents a share, the average estimate of analysts surveyed by First Call Corp.
Anchor Gaming (SLOT) rose 5 3/16, or 9.7 percent, to 58 7/16. The gaming technology company was raised to ''attractive'' from ''neutral'' by analyst Jason N. Ader at Bear, Stearns & Co.
Avon Products Inc. (AVP) fell 9 7/8, or 28 percent, to 25 13/16. The world's largest direct seller of cosmetics and beauty products said its fourth-quarter profit will be short of estimates because of falling currencies in Brazil and Mexico. Avon said third-quarter earnings will meet analysts' estimates of 34 cents. Fourth-quarter earnings will be unchanged or slightly higher than its year-earlier profit of 56 cents a share, it said. Analysts expected the company to earn 63 cents, the average estimate of analysts polled by First Call.
Coulter Pharmaceutical Inc. (CLTR) fell 2 3/4, or 18 percent, to 12 3/4. The biotechnology company warned that it won't be able to meet its goal of filing for approval of its first drug Bexxar in October after the Food and Drug Administration last month rejected its first application to market the drug.
Critical Path Inc. (CPTH) rose 4 7/8, or 13 percent, to 41 3/8. The Internet messaging company said it teamed with wireless data company Saraide to provide Internet messaging to wireless carriers worldwide.
CSK Auto Corp. (CAO) rose 4 1/8, or 22 percent, to 22 7/8. The automotive parts retailer said its CSK Auto Inc. subsidiary agreed with Microsoft Corp. (MSFT) to be the exclusive auto parts e-commerce provider promoted on MSN CarPoint, www.carpoint.msn.com.
DoubleClick Inc. (DCLK) rose 2 9/16, or 2.3 percent, to 116 3/8. The Internet advertising company said it added seven sites to its Shopping & Services Program. The company also said Internet Stock News will advertise on the DoubleClick finance network of Web sites.
EGlobe Inc. (EGLO) rose for a second day, gaining 25/32, or 26 percent, to 3 27/32. The provider of telecommunications and information services over the Internet agreed to buy closely held Trans Global Communications Inc. for about $80 million in stock. The company was also reiterated ''buy'' by analyst Vik Grover at Kaufman Brothers, who expects shares to reach 12 in the next year.
EToys Inc. (ETYS) rose 6 1/4, or 10 percent, to 65 7/8. The Internet retailer was raised to ''trading buy'' from ''market outperform'' by Michael Parekh and Anthony Noto, analysts at Goldman Sachs. They expect the stock to reach 80 within 12 months.
Excite At Home Corp. (ATHM) rose 5 1/16, or 13 percent, to 43 7/16. The company's shares rose on speculation that the high- speed Internet access provider and its biggest shareholder AT&T Corp. (T) will be involved in a transaction with America Online Inc. (AOL).
Gillette Co. (G) fell 3 9/16, or 9.6 percent, to 33 7/16. The world's largest maker of razors said third-quarter sales will miss estimates, falling 1 percent on weaker demand for its Braun electric shavers and Paper Mate pens. Analysts expected sales to increase 3.5 percent to 4 percent. Gillette said earnings will still meet the 32-cent a share average estimate of analysts surveyed by First Call.
Halliburton Co. (HAL) rose 1 11/16, or 4.3 percent, to 40 3/4. The world's biggest oilfield service and equipment company said its Brown & Root Energy Services unit's joint venture with Condor Engineering SpA was awarded a 26-month contract that may be valued at as much as $770 million. The contract for an engineering, procurement and construction project was awarded by Sonatrach (13204Z), the Algerian national oil company, and Anadarko Algeria Corp. for an oil production facility expansion.
Insurance Management Solutions Group (INMG) fell 2, or 39 percent, to 3 3/16. The insurance services company was downgraded to ''market perform'' from ''attractive'' by analyst Kenneth S. Zuckerberg at Keefe, Bruyette & Woods
InterNAP Network Services Corp. (INAP) rose 32 63/64, almost threefold, to 52 63/64 in its first day of trading. The company, whose equipment lets data bypass traffic jams on the Internet, sold 9.5 million shares in an initial public offering priced at $20.
InterVU Inc. (ITVU) rose 2 13/16, or 7.5 percent, to 40 3/16. The shares in the company, which helps companies broadcast video and audio over the Internet, have increased about 44 percent since Sept. 21. InterVU is ''the only public company remaining'' in the industry, said Bill Gramas, an analyst at LH Friend Weinress Frankson. He expects two to three competitors to become publicly traded soon, which should cause institutional investors who know the company to buy shares of InterVU. Gramas has a ''strong buy'' rating on the stock and expects to see it reach 54 within the next 12 months.
ITXC Corp. (ITXC) rose in its second day of trading, gaining 4, or 14 percent, to 32 1/4. The company, which provides fax and voice communications over the Internet, sold 6.25 million shares Monday in an initial public offering priced at 12. The sale represented an 18 percent stake.
Laser Power Corp. (LPWR) rose 11/16, or 34 percent, to 2 11/16. II-VI Inc. (IIVI) said it bought a 14.7 percent stake in the maker of laser optics for industrial, medical and military uses as part of its plan to buy control of Laser Power. II-VI, a maker of infrared optical devices used in industrial and military lasers, said it intends to take control of Laser Power through a merger, the election of a majority of Laser Power board members, a tender offer or other means.
Laser Vision Centers Inc (LVCI) fell 1 7/8, or 11 percent, to 14 9/16. The provider of lasers and other equipment for use in correcting eyesight was downgraded to ''market perform'' from ''strong buy'' by analyst Theodore J. Huber at Advest Inc.
La-Z-Boy Inc. (LZB) fell 1 5/16, or 6.4 percent, to 19 5/16. The No. 1 U.S. maker of recliners agreed to buy Ladd Furniture Inc. (LADF) for $299.3 million in stock and assumed debt to create the largest publicly traded residential-furniture company.
Mace Security International, Inc. (MSI) rose 1 11/16, or 25 percent, to 8 7/16. The owner and operator of full- and self- service car washes said it reached an agreement with cleaning agent manufacturer Simoniz USA Inc. in which Simoniz will supply Mace's car washes with cleaning products for a set price. The agreement is expected to save Mace as much as 25 percent on costs of soaps and waxes, Mace said in a statement.
Mercury Interactive Corp. (MERQ) rose 3 3/4, or 6.4 percent, to 62 1/2. The software maker replaced International Business Machines Corp. (IBM) on Merrill Lynch & Co.'s Retail Top Ten Tech list. While Merrill Lynch analyst Steven Milunovich said there has been concern about hardware revenue growth for the world's largest computer company, he said it doesn't change his ''buy'' rating on IBM stock. IBM fell 3 1/4, or 2.6 percent, to 120 1/4.
Microsoft Corp. (MSFT) fell 2 5/8, or 2.9 percent, to 89 1/2. The world's largest software maker expects to increase spending on research & development by almost 36 percent in its fiscal 2000, Chairman and co-founder Bill Gates said in his annual letter to shareholders.
NetSolve Inc. (NTSL) rose 6, or 46 percent, to 19. The computer-network management company that gets about two-thirds of its business from AT&T Corp. (T) sold 3.7 million shares in an initial public offering at 13 each.
Pacific Sunwear of California Inc. (PSUN) rose 2 3/8, or 9 percent, to 28 11/16. The operator of stores that sell casual apparel for young adults said it will double the number of its music- and sports-fashion stores as it expands by almost 28 percent next year. The owner of the Pacific Sunwear and d.e.m.o retail chains plans to add 125 stores to the 450 it will have at the end of its fiscal year in January, said Chairman and Chief Executive Greg Weaver.
Penn Octane Corp. (POCC) rose 21/32, or 21 percent, to 3 3/4. The supplier of propane and other cooking gases to Mexico said it expects to sign a $400 million supply contract this week with an unidentified customer.
Razorfish Inc. (RAZF) rose 3 1/4, or 7.9 percent, to 44 1/2. The company, which designs Web sites for businesses, was rated ''buy'' in new coverage by analyst Mark D'Annolfo at Deutsche Banc Alex. Brown.
Safeco Corp. (SAFC) fell 2 25/32, or 9.4 percent, to 26 29/32. The property-and-casualty insurer said third-quarter earnings won't meet estimates on price competition and claims related to Hurricane Floyd. It expects to earn 5 cents to 15 cents a share, compared with a 49-cent average estimate of analysts surveyed by First Call.
Scandinavia Co. (SCF) rose 10 1/8, or 23 percent, to 55. The Internet software company said one of its units, Mirror Image Internet Inc., will use Sun Microsystems Inc. (SUNW) servers for its content-delivery network systems in Frankfurt and London.
SJW Corp. (SJW) rose 5, or 5.7 percent, to 92 1/4. The company, which owns a water utility with 971,000 customers in California, said it hired Morgan Stanley Dean Witter & Co. to help it consider strategic alternatives, including a sale of the company. SJW, which has a market value of $265.7 million, declined to comment further.
VocalTec Communications Ltd. (VOCL) rose 1 1/4, or 9.6 percent, to 14 1/4. The maker of software that allows voice communication over the Internet said it will team with Cisco Systems Inc. (CSCO), the world's biggest Internet equipment maker, to develop and market Internet telephone systems to online- service providers and carriers.
Vodafone Airtouch Plc (VOD) American depositary receipts, each representing 10 ordinary shares, rose 7 3/16, or 3.2 percent, to 234 3/16. The world's largest wireless phone company rose on speculation a report on Friday will show its subscriber numbers are increasing, traders in London said.
USWeb Corp. (USWB) rose 2 25/32, or 9.1 percent, to 33 3/8. The technology consulting firm, said it received $67.5 million in funding from No. 1 software maker Microsoft Corp. (MSFT) to develop a standardized set of technologies to help companies do business on the Internet.
WinStar Communications Inc. (WCII) fell for a second day, losing 3 1/16, or 7.3 percent, to 39 1/8. The shares in the company, which provides local phone services and Internet access to businesses, fell 22 percent yesterday on concern that the wireless-phone and data-services provider's revenue in 2000 may be lower than expected.
Internet brokerage shares surged as the companies stepped up advertising and analysts reported increased September trading volume. E*Trade Group Inc. (EGRP) rose 2 3/4, or 12 percent, to 25, its biggest rise in five months. National Discount Brokers Group Inc. (NDB) rose 3 3/8, or 13 percent, to 28 1/2. Charles Schwab Corp. (SCH) rose 1 3/8, or 4.1 percent, to 34 5/8. Ameritrade Holding Corp. (AMTD) rose 1 7/16, or 8.1 percent, to 19 1/8. |
