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To: Venkie who wrote (2847)	7/10/2001 2:37:33 AM
From: T L Comiskey	Respond to of 13815

07/09 18:03 U.S. Equity Preview: Corning, Factory 2-U Stores, Xerox By Samantha Zee New York, July 9 (Bloomberg) -- The following is a list of companies whose shares may move in U.S. markets Tuesday, July 10. U.S. Equity Preview includes news that occurred after markets closed Monday. Stock symbols are in parentheses after the company name. Most likely to move: Corning Inc. (GLW) fell as low as $14 in after-hours trading. It closed at $15.10 in regular trading. The maker of glass used in fiber-optic networks said it plans to close three plants, take a $5.1 billion pretax charge, shed 1,000 jobs and stop paying dividends. Factory 2-U Stores Inc. (FTUS) fell as low as $19.99 in after- hours trading. It closed at $30.74 in regular trading. The retailer said second-quarter earnings will fall below forecasts in the period ended July 7 as the result of higher markdowns and advertising costs. Factory 2-U expects profit of 3 cents to 5 cents a share, less than 19 cents, the average estimate of analysts polled by First Call/Thomson Financial. Xerox Corp. (XRX) fell as low as $8 during after-hours trading. It closed at $9.08 in regular trading. The copier maker eliminated its common-stock dividend to save $140 million a year. Xerox will make an additional contribution to the company's Employee Stock Ownership Program instead of paying a dividend on the preferred stock. Others: Alcatel SA (ALA): The maker of communications equipment said it plans to cut 2,500 U.S. jobs, or one-sixth of U.S. staff and 2.3 percent worldwide. Alcatel's American depositary shares, each representing one ordinary share, fell 27 cents to $16.25. Blue Martini Software Inc. (BLUE): The maker of online customer-management systems will cut 125 jobs, or a quarter of its workforce. Blue Martini estimated it had a second-quarter loss of 31 cents and 32 cents a share. Excluding certain expenses, the loss would have been 25 cents to 26 cents. It was forecast to have a loss of 27 cents, the average estimate made by analysts polled by First Call. Blue Martini fell 28 cents to $2.40. Federated Department Stores Inc. (FD): The owner of Macy's and Bloomingdale's said it paid $200 million to acquire Liberty House, Hawaii's largest retailer. The price includes assumed debt, Federated said in a press release issued by Business Wire. Liberty House has annual sales of about $275 million. Federated fell 15 cents to $38.09. Newport Corp. (NEWP): The maker of equipment used to produce semiconductors and fiber-optic parts fired 182 workers as customers cut their spending. Excluding certain charges, Newport expects profit of $1.10 to $1.15 a share this year, less than the $1.21 average estimate of analysts surveyed by First Call. The company said second-quarter profit was about 32 cents a share, in line with forecasts. Newport rose 37 cents to $24.05.