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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (59125)	1/18/2001 9:24:29 AM
From: jj_	Respond to of 436258

Pre-market Update for Thursday, January 18, 2001 Posted Thursday, January 18, 2001, FOREIGN MARKETS: The Nikkei closed 1.51% higher while the Hang Seng closed up 1.75%. In Europe, Germany is down 0.84%, France is down 0.54% and the UK is down 0.02%. FUTURES: The SPOOS are currently +1.50 and the NASDAQ futures are +16.50 from the Globex overnight session. Bond Futures are currently down ^7 and the Dow futures are up 57 points. As of now we are looking at a broad market gap up. MOVERS & SHAKERS:: (AVCI) This morning AVCI reported earnings for Q4 of a loss of $0.26/share and BEAT the First Call consensus of (0.29)/share by $0.03/share. (KEI) Keithley Instruments reported Q1 this morning of $0.42/share. They BEAT the First Call consensus of $0.40/share by $0.02/share. (OPWV) Morgan Stanley Starts Openwave At Strong Buy, $80 Goal. (ITWO) i2 Technologies reported Q4 after the bell of $0.09/share. They BEAT the First Call estimate of $0.08/share by $0.01. Year-ago earnings were $0.05/share. Revenues rose 115.6% to $377.90. (RBAK) Redback Networks reported Q4 after the bell $0.05/share for pre-item earnings. They BEAT the First Call consensus of $0.04/share by $0.01. They said they see 2001 gross margins of 50-55%. They raised their FY2001 forecast to $735M. Jefferies Clips Redback Target $50 To $80, Keeps Accum. SG Cowen Lowers Redback Networks To Buy From Strong Buy. (EXTR) Extreme Networks reported Q2 after the bell of $0.11/share, which was IN LINE with the First Call consensus of $0.11. Year-ago earnings were $0.05/share. Revenue increased 163% to $144.7 million. (KLAC) KLA-Tencor reported Q2 earnings after the bell of $0.57/share. They BEAT the First Call consensus of $0.55/share by $0.02. Year-ago earnings were $0.26/share. Revenues rose 73.3% to $573.06 mln. (AMD) Advanced Micro reported Q4 after the bell of $0.53/share. They MISSED the First Call consensus of $0.55/share by $0.02/share. Year-ago earnings were $0.21/share. Revenues rose 21.3% to $1.18 bln. Robertson Stephens Lifts Advanced Micro Devices To Buy. (AAPL) Apple Computer reported Q1 after the bell of a loss of $0.73/share. They MISSED the First Call consensus of a loss of $0.65/share by $0.08/share. Year-ago earnings were $0.50/share. Revenues for the quarter were $1 billion, down 57 percent. International Sales accounted for 49% of Q1 revenue. CS First Boston Keeps Apple At Hold, Reduces Estimates. Merrill Maintains Apple At I-T Neutral, L-T Accumulate. SG Cowen Hikes Apple Target $3 To $23, Keeps At Buy. (MERQ) Mercury Interactive reported Q4 after the bell of $0.28/share. They BEAT the First Call consensus of $0.24/share by $0.04/share. CIBC Clips Mercury Interactive Target To $100 From $145. (SCNT) Scient reported Q3 after the the bell of Pro Forma earnings at (0.13)/share. They BEAT the First Call consensus of (0.16)/share by $0.03/share. They said they cut 450 jobs during the last quarter. (SANM) Sanmina reported Q1 after the bell of $0.34 a diluted share. They BEAT the First Call consensus of $0.32/share by $0.02. (IBM) IBM reported Q4 after the bell of $1.48/share. They BEAT the First Call consensus of $.1.46/share by $0.02. Q4 software revenues were down 1% to $3.6B. Hardware Revenues were up 10% to $11.4B. E-Business services revenue was up 70%. The CEO said he sees the US market as volatile and uncertain. Salomon Hikes IBM Target By $10 To $140, Keeps At Buy. (DGII) Digi International reported Q1 after the bell of $0.14/share. They BEAT the First Call consensus of $0.09/share by $0.05. IPO’s: none SPLITS: -Companies trading on a split adjusted basis today- (IDPH) IDEC Pharmaceuticals, 3 to 1 -Companies trading on a split adjusted basis Friday- (AJG) Arthur J. Gallagher & Co, 2 to 1 -Today- 8:30AM: Initial Claims for 01/13, consensus is 355k Results: Weekly jobless claims fell 37,000 to 306,000, 8:30AM: Housing Starts for December, consensus is 1.5M Results: December Housing starts were flat at 1.57 million pace vs 1.50 million expected. December Single-family starts up 6% to 1.31 million. 2000 Housing starts were off 4% to 1.59 million vs 1.67 million 8:30AM: Building Permits for December Results: December Building permists down 7% to 1.49 million pace. Single-family permits were off 3% 10:00AM: Philadelphia Fed for January, consensus is –7.1%