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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: hlpinout who wrote (89170)	1/24/2001 8:26:09 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

CPQ Upgrade: Indications \| \| Compaq's Q4 lift shares in pre-market Siebel, Broadcom rally; Lucent Tech. rebounds By Tomi Kilgore, CBS.MarketWatch.com Last Update: 8:20 AM ET Jan 24, 2001 Newswatch Latest Headlines Get Alerted NEW YORK (CBS.MW) - Shares of Compaq Computer rallied in pre-market trading Wednesday after the PC maker beat fourth-quarter earnings estimates. Compaq (CPQ: news, msgs) surged $3.85, or 19 percent, to $23.90 in Instinet. Late Tuesday, the company said it earned 30 cents a share during the period, topping the average analyst EPS estimate compiled by First Call/Thomson Financial of 28 cents. Revenue for the period was $11.5 billion, matching the average estimate. See full story. The company added that it was comfortable with current EPS growth estimates. J.P. Morgan H&Q followed by upgrading the stock to a "buy" rating from a "long-term buy." Among other PC makers seeing activity, Dell Computer (DELL: news, msgs) added $1.25 to $27.63 and Apple Computer (AAPL: news, msgs) advanced 75 cents to $21.25 over the Island ECN. Broadcom (BRCM: news, msgs) tacked on $6.56 to $140 over Island. The company reported late Tuesday reported fourth-quarter earnings of 32 cents a share, up from a year-ago profit of 10 cents a share, and in line with the average estimate of analysts polled by First Call/Thomson Financial. Revenue for the latest three months rose 132 percent over the same period a year earlier to $376.1 million. Siebel Systems (SEBL: news, msgs) rose $8.08, or 10 percent, to $86.56 over Island. The e-business software company said late Tuesday that it earned 20 cents a share in the fourth quarter, while analysts were expecting earnings of 15 cents a share on average, according to MultexNet. Revenue for the period came in at $581.6 million, up 111 percent from year-ago results of $275.9 million. Lucent Technologies (LU: news, msgs) ran up $1.06 to $19.88 over Island after seeing earlier pre-market losses. The company said it lost 30 cents a share in its fiscal first quarter on revenue of $5.84 billion, compared with the average analyst estimate compiled by MultexNet of a loss of 20 cents a share on revenue of $6.31 billion. In addition, the communications network equipment provider said it would undergo a restructuring which will include the reduction of about 10,000 jobs, primarily in the marketing, sales and corporate center functions. As a result of the reorganization, the company expects to record a charge in the range of $1.2 billion to $1.6 billion during its fiscal second quarter. Digital River (DRIV: news, msgs) sped $2, or 27 percent higher, to $9.50 over Island. The commerce service provider said after Tuesday's close that it lost 11 cents a share in the fourth-quarter, compared with the average analyst estimate compiled by First Call/Thomson Financial of a per-share loss of 21 cents. Revenue totaled $10.1 million, an increase of 32 percent compared with the third quarter and up 82 percent over the year-ago total. The company noted it expects to see more growth in its e-marketing efforts Stock futures pointed to a positive open to U.S. share markets. March S&P (WP=H1: news, msgs) futures tacked on 5.00 to 1,371.00, which was about 1 points below fair value, according to figures provided by HL Camp & Company. Nasdaq 100 futures (AH=H1: news, msgs) gained 47.00 to 2,792.00. -------------------------------------------------------------------------------- Tomi Kilgore is a reporter for CBS.MarketWatch.com. Send this article to a friend Printer friendly format Backflip this article to find it again