Morning SP,
You know, it might be easier to just move to Europe or Asia and trade on the heels of US mkts...
Here is what happened after the close...
Travelocity.com (TVLY) 10 7/8 -1/4: Reports Q3 loss of $0.16 a share,
$0.08 better than the Zacks consensus of ($0.24); revenues rose 229.6% to
$53.40 mln from a year-ago of $16.20 mln.
Covad Comms (COVD) 8 19/32 -11/32: Reports Q3 loss of $1.22 a share,
$0.04 worse than the First Call consensus of ($1.18); revenues rose
248.2% to $66.65 mln from a year-ago of $19.14 mln.
IPO Pricing : Ixia (XXIA) priced 5.5 mln shares at $13, above range,
Merrill Lynch as lead.
Intel (INTC) 36 9/16 +3/8: -- Update -- Conference call just concluded
and the tone of it could best be described as "conservative." Lots of
questions were asked, but on several occasions, the company simply
suggested that its guidance for 4-8% sequential revenue growth can speak
for itself.
Hollywood Ent. (HLYW) 5 1/2 -15/16: Company warns for Q3; sees EPS of
$0.02-0.05; current EPS estimate is $0.28; company cites a weak slate of
new release titles, as well as effects from the Olympics.
PeopleSoft (PSFT) 32 3/4 -3 1/16: -- Update -- Announces a $100 mln
buyback plan. Company also announces an agreement with Intuit (INTU) to
enable employees of PeopleSoft clients to electronically import their W-2
tax information directly into Intuit's Quicken TurboTax.
Intel (INTC) 36 9/16 +3/8: -- Update -- Says that typical Q4 European
growth rate is 20-25%, but at this time, is uncertain about hitting that
mark given the weakness seen in all channels in last three weeks of Q3...
Again, contributes this uncertainty to its conservative sales guidance
for Q4... Separately, INTC acknowledged that based on trends in 1H00, and
in talking to its customers, it had initially forecasted a 20-25% growth
rate in Europe for Q3; instead Q3 turned out to be a "normal" qtr. for
Europe which caused the Q3 sales disappointment
Intel (INTC) 36 1/2 +5/16: -- Update -- When asked about Christmas PC
sales outlook, said it is seeing "normal" kinds of growth patterns in all
geographies; however, when pressed on this by JP Morgan analyst, company
acknowledged that it is being conservative with its guidance as it is
uncertain still if problems affecting Europe won't spread to other
geographies... Hence, it is being cautious with its revenue guidance of
4-8% sequential growth in Q4.
Stryker Corp (SYK) 38 5/8 -2 13/16: Reports Q3 earnings of $0.25 a share,
in line with the First Call consensus of $0.25, vs year-ago earnings of
$0.19; revenues rose 9.9% to $548.40 mln from a year-ago of $498.90 mln.
DMC Stratex (STXN) 18 5/8 -1 5/16: Reports Q2 earnings of $0.15 a share,
$0.02 better than the First Call consensus of $0.13, vs year-ago earnings
of $0.02; revenues rose 53.9% to $105.43 mln from a year-ago of $68.53
mln.
Robt Half Intl (RHI) 31 -1 3/8: Reports Q3 earnings of $0.26 a share,
$0.01 better than the First Call consensus of $0.25, vs year-ago earnings
of $0.19; revenues rose 30.2% to $689.59 mln from a year-ago of $529.46
mln.
Saga Systems (AGS) 4 7/8 -1/4: Reports Q3 earnings of $0.04 a share,
$0.01 better than the First Call consensus of $0.03, vs year-ago earnings
of $0.13; revenues fell 15.5% to $43.74 mln from a year-ago of $51.77
mln.
Opus360 (OPUS) 1 9/16 unch: Reports Q3 loss of $0.26 a share, $0.07
better than the Zacks consensus of ($0.33); revenues rose 1778.0% to
$3.32 mln from a year-ago of $0.18 mln.
Labor Ready (LRW) 3 1/2 -1/8: Reports Q3 earnings of $0.19 a share, $0.01
better than the First Call consensus of $0.18, vs year-ago earnings of
$0.22; revenues rose 12.4% to $283.03 mln from a year-ago of $251.79 mln.
Turnstone Sys (TSTN) 37 5/8 -3/4: Reports Q3 earnings of $0.19 a share,
$0.04 better than the First Call consensus of $0.15; revenues rose 522.5%
to $56.23 mln from a year-ago of $9.03 mln.
Vyyo, Inc (VYYO) 23 -1 1/4: Reports Q3 loss of $0.16 a share, $0.02
better than the Zacks consensus of ($0.18); revenues rose 302.3% to $4.47
mln from a year-ago of $1.11 mln.
CyberSource (CYBS) 7 3/16 -15/16: Reports Q3 loss of $0.39 a share, $0.02
better than the First Call consensus of ($0.41); revenues rose 113.0% to
$7.76 mln from a year-ago of $3.64 mln.
Wit Capital (WITC) 5 3/8 +1/4: Reports Q3 earnings of $0.01 a share,
$0.02 better than the First Call consensus of ($0.01); revenues rose
300.2% to $33.62 mln from a year-ago of $8.40 mln.
Selectica (SLTC) 31 1/2 +3/4: Reports Q2 loss of $0.16 a share, $0.05
better than the First Call consensus of ($0.21); revenues rose 389.7% to
$16.82 mln from a year-ago of $3.43 mln.
TEKELEC (TKLC) 31 11/16 -2 5/16: Reports Q3 earnings of $0.20 a share,
$0.01 better than the First Call consensus of $0.19, vs year-ago earnings
of $0.14; revenues rose 29.4% to $83.75 mln from a year-ago of $64.74
mln.
DigitalThink (DTHK) 42 9/16 -3/8: Reports Q2 loss of $0.17 a share, $0.01
better than the First Call consensus of ($0.18); revenues rose 310.1% to
$8.76 mln from a year-ago of $2.14 mln.
AnswerThink (ANSR) 18 -1/4: Reports Q3 earnings of $0.18 a share, in line
with the First Call consensus of $0.18, vs year-ago earnings of $0.12;
revenues rose 21.8% to $84.06 mln from a year-ago of $69.04 mln.
IBM (IBM) 113 +1 7/8: -- Update -- IBM reopens for trading; now down to
103 3/4, down 9 1/4 from the 4 pm close.
Blue Martini (BLUE) 35 11/16 -1 7/8: Reports Q3 loss of $0.12 a share,
$0.05 better than the Zacks consensus of ($0.17); revenues rose 484.7% to
$21.02 mln from a year-ago of $3.6 mln.
Pitney Bowes (PBI) 27 3/16 -5/8: Reports Q3 earnings of $0.63 a share,
$0.01 better than the First Call consensus of $0.62, vs year-ago earnings
of $0.58; revenues rose 2.9% to $1.12 bln from a year-ago of $1.09 bln.
Millennium Pharm (MLNM) 70 1/8 -3/8: Reports Q3 loss of $0.13 a share,
$0.01 worse than the First Call consensus of ($0.12); revenues rose 23.6%
to $49.85 mln from a year-ago of $40.32 mln.
Mercury Interactive (MERQ) 134 7/8 -7 11/16: Reports Q3 earnings of $0.18
a share, $0.02 better than the First Call consensus of $0.16, vs year-ago
earnings of $0.09; revenues rose 67.4% to $79.50 mln from a year-ago of
$47.50 mln.
Accrue Sftwr (ACRU) 8 15/32 +1 31/32: Reports Q2 earnings of $0.06 a
share, in line with the First Call consensus of $0.06; revenues rose
182.7% to $10.04 mln from a year-ago of $3.55 mln.
Molex (MOLX) 50 1/4 -2 3/8: Reports Q1 earnings of $0.33 a share, $0.02
better than the First Call consensus of $0.31, vs year-ago earnings of
$0.23; revenues rose 27.3% to $625.93 mln from a year-ago of $491.87 mln.
Boston Scientific (BSX) 15 1/2 -3/16: Reports Q3 earnings of $0.26 a
share, in line with the First Call consensus of $0.26, vs year-ago
earnings of $0.25; revenues fell 5.6% to $652.00 mln from a year-ago of
$691.00 mln.
Linear Tech (LLTC) 56 15/16 -6: Reports Q1 earnings of $0.31 a share,
$0.02 better than the First Call consensus of $0.29, vs year-ago earnings
of $0.18. Revenues were 232.1 mln, an increase of 57% over the year-ago
period.
Copper Mountain (CMTN) 26 7/8 -3 3/4: -- Update -- Fallout continues,
CMTN now at 13 1/2. Other DSL vendors feeling the effects (ch. vs close):
EFNT -7 3/4, NTPA -3 1/4, WSTL -1 1/2; PDYN down a bit but was already
hammered after its Sep 28 warning (which as we noted at the time was a
harbinger for the DSL sector).
Terayon Comm (TERN) 41 +1 7/8: Reports Q3 earnings of $0.12 a share,
$0.03 better than the First Call consensus of $0.09; revenues rose 435.5%
to $125.30 mln from a year-ago of $23.40 mln.
Nortel Networks (NT) 64 -3 7/16 : Company announces a $1 bln contract win
from Aerie Networks.
SonicWALL (SNWL) 17 1/8 -3/4: -- Update -- Company announces the
acquisition of Phobos Corporation, a privately-held Internet security
infrastructure manufacturer for approximately 12.2 million in SNWL stock
and options plus $50 mln in cash.
SonicWALL (SNWL) 17 1/8 -3/4: Reports Q3 earnings of $0.11 a share, $0.02
better than the Zacks consensus of $0.09, vs year-ago earnings of $0.02;
revenues rose 237.0% to $18.41 mln from a year-ago of $5.46 mln.
Xilinx (XLNX) 64 1/2 -6 15/16: Reports Q2 earnings of $0.32 a share,
$0.02 better than the First Call consensus of $0.30, vs year-ago earnings
of $0.16. Revenues were $ 437.4 mln, up 83% from the year-ago period.
Active After Hours : -- Update -- Earnings-related movers with changes vs
close: INTC +1/2, RNWK -2 1/2, XIRC -2, SYMM +1 1/2, ANSR -1, HAND -1
7/8, FDRY -2 3/4, PROX -2. Big losers are still CMTN -13 7/8 and RFMD -7
11/16.
Intel (INTC) 37 9/16 +1 3/8: -- Update -- Conference call begins at 5:30
ET.... check back for live updates of what is heard on the call.
PeopleSoft (PSFT) 32 3/4 -3 1/16: Reports Q3 earnings of $0.08 a share,
$0.01 better than the First Call consensus of $0.07, vs year-ago of
breakeven.
Intel (INTC) 37 9/16 +1 3/8: -- Update -- Company expects Q4 revenues to
be up 4-8% sequentially from $8.7B in Q3 (some analysts had modeled as
much as 12% growth prior to the report); Q4 gross margins should be
approximately 63%, plus or minus a point (Q3 margins were 64%, above
INTC's own revised guidance for 62%, plus or minus a point); Q4 expenses
are expected to be up 6-8% from Q3 expenses of $2.3 bln
i2 Technologies (ITWO) 180 1/16 -4: Reports Q3 earnings of $0.12 a share,
$0.02 better than the First Call consensus of $0.10, vs year-ago earnings
of $0.06; revenues were $319.5 million, 32% higher than the second
quarter 2000 revenues of $242.6 million and 118% greater than total
revenues of $146.3 million for the third quarter of 1999.
Digital Lightwave (DIGL) 71 5/64 +2 5/64: Reports Q3 earnings of $0.25 a
share, $0.04 better than the First Call consensus of $0.21, vs year-ago
earnings of $0.09; revenues rose 84.2% to $26.09 mln from a year-ago of
$14.16 mln.
IBM (IBM) 113 +1 7/8: -- Update -- Revenue by segment: Hardware revs:
$9.45 bln...Global Services $8.23 bln...Software $2.92 bln...Global
Financing $859 mln...Ent. Inv/Other $323 mln.
Intel (INTC) 37 +13/16: -- Update -- Q3 revenues of $8.7B were at the
upper end of analysts' estimates; meanwhile EPS of $0.41, excluding
acquisition-related costs, was the original estimate before Intel's sales
warning in September... stock is trading fractionally higher in after
hours.
RF Micro Device (RFMD) 23 -3 3/8: -- Update -- Continuing to tumble after
hours to 15 1/16 after warning for Q4.
RealNetworks (RNWK) 21 11/16 -3 1/8: Reports Q3 earnings of $0.04 a
share, in line with the First Call consensus of $0.04, vs year-ago
earnings of $0.03; sales were $67.1 million, an increase of 92% from
$34.9 million in the third quarter of 1999.
Copper Mountain (CMTN) 26 7/8 -3 3/4: -- Update -- Getting demolished
after hours -- now trading at 13 7/8 after company warns that Q4 earnings
will be $0.04-0.06 vs current estimates of $0.28 and a sequential revenue
decline of roughly 35%; cites reduced capital expenditures by CLECS.
Other DSL equipment vendors getting clobbered as a result, changes vs
close: EFNT -7, WSTL -1.
Quintus (QNTS) 7 29/32 -11/32: Reports Q2 loss of $0.10 a share, $0.03
worse than the Zacks consensus of ($0.07), vs year-ago earnings of $0.01;
revenues rose 81.2% to $21.38 mln from a year-ago of $11.80 mln.
Proxicom (PXCM) 10 15/16 -1 3/8: Reports Q3 earnings of $0.06 a share,
$0.01 better than the First Call consensus of $0.05, vs year-ago earnings
of $0.03; revenues rose 154.6% to $60.08 mln from a year-ago of $23.59
mln.
Proxim (PROX) 47 -6 1/4: Reports Q3 earnings of $0.13 a share, in line
with the First Call consensus of $0.13, vs year-ago earnings of $0.09;
revenues rose 60.7% to $29.30 mln from a year-ago of $18.23 mln.
Sybase (SYBS) 19 1/8 -1 9/16: Reports Q3 earnings of $0.29 a share, $0.04
better than the First Call consensus of $0.25, vs year-ago earnings of
$0.23; revenues rose 10.6% to $239.10 mln from a year-ago of $216.10 mln.
Digital Impact (DIGI) 5 1/8 +1/2: Reports Q2 loss of $0.22 a share, $0.07
better than the First Call consensus of ($0.29); revenues rose 400.6% to
$9.37 mln from a year-ago of $1.87 mln.
Copper Mountain (CMTN) 26 7/8 -3 3/4: Reports Q3 earnings of $0.27 a
share, $0.01 better than the First Call consensus of $0.26, vs year-ago
earnings of $0.08. Revenue was $93.5 mln, compared with $32.0 mln for the
same period of the prior year, an increase of 192%.
Symmetricom, Inc. (SYMM) 12 9/16 -1 3/8: Reports Q1 earnings of $0.16 a
share, $0.03 better than the Zacks consensus of $0.13, vs year-ago
earnings of $0.04; revenues rose 83.5% to $36.00 mln from a year-ago of
$19.62 mln.
Primus Knowledge (PKSI) 23 -3 3/8: Reports Q3 loss of $0.21 a share,
$0.03 worse than the First Call consensus of ($0.18); revenues rose 46.0%
to $10.13 mln from a year-ago of $6.94 mln.
Entrust Tech (ENTU) 21 9/16 -1: Reports Q3 earnings of $0.02 a share,
$0.02 better than the First Call consensus of $0.00, vs year-ago earnings
of $0.04. Revenues were up 86% to $42.2 mln.
Intel (INTC) 36 3/4 +1 1/16: Reports Q3 earnings of $0.41 a share, $0.03
better than the First Call consensus of $0.38, vs year-ago earnings of
$0.28; revenue of $8.7 billion was up 19% from the third quarter of 1999
and up 5% sequentially.
RF Micro Device (RFMD) 23 -3 3/8: Reports Q2 earnings of $0.10 a share,
in line with the First Call consensus of $0.10, vs year-ago earnings of
$0.07; revenues rose 48.3% to $102.22 mln from a year-ago of $68.92 mln.
Handspring (HAND) 77 15/16 +3/8: -- Update -- Reports Q1 loss of $0.08 a
share, $0.05 better than the Zacks consensus of ($0.13) on revenues of
$70.5 million.
IBM (IBM) 113 +1 7/8: -- Update -- Shares halted after hours.
Cadence Design (CDN) 21 3/8 - 7/8: Reports Q3 earnings of $0.14 a share,
$0.02 better than the First Call consensus of $0.12; revenues rose 47.2%
to $332.46 mln from a year-ago of $225.90 mln.
Foundry Networks (FDRY) 71 +3/4: Reports Q3 earnings of $0.22 a share,
$0.02 better than the First Call consensus of $0.20, vs year-ago earnings
of $0.06 on revenue of $113.2 million.
IBM (IBM) 113 +1 7/8: Reports Q3 net of $1.08 per share, in line with the
consensus estimate. Revenues of $21.8 bln were below analyst
expectations in the $22.6-22.8 bln range.
Alliance Semi (ALSC) 15 15/16 -1 1/16: Reports Q2 earnings of $0.22 a
share, $0.02 better than the First Call consensus of $0.20, vs year-ago
earnings of $0.01; sales were $64.5 million, an increase of 237% from the
same quarter last year.
Xircom (XIRC) 18 3/8 -2 9/16: Reports Q4 earnings of $0.39 a share, $0.03
worse than the First Call consensus of $0.42, vs year-ago earnings of
$0.53.
Advent Software (ADVS) 69 3/4 +1/2: Reports Q3 earnings of $0.21 a share,
$0.01 better than the First Call consensus of $0.20, vs year-ago earnings
of $0.16. |
