AFTER THE CLOSE ******
Cypress Semi (CY) 21.61 -1.23: Reports Q2 earnings of $0.01 a share, $0.02 better than the First Call consensus of ($0.01), revenues fell 38.3% to $185.55 mln vs. consensus estimate of $179.9 mln; "during the second quarter, cancellations decreased significantly allowing the company to record a $100 million increase in bookings when compared to Q1 2001" company is "projecting third quarter revenue to be down 5-10% from the second quarter" this means revs will be in range of $166 mln-$176 mln vs. consensus est of $171 mln; expects a modest 5% growth in sales in the fourth quarter.
IPO Pricing (OPEN X) : Accenture (ACN) priced 115 mln shares at $14.50 within the range of $13-15; company is the former consulting unit of Arthur Andersen and a leading provider of management and technology consulting services and solutions; lead underwriters are Goldman Sachs and Morgan Stanley.
Mercury Interactive (MERQ) 34.19 -4.39: -- Correction -- Warning for Q3 revenues was $90-100 mln vs First Call consensus of $110 mln (not $150 mln); FY01 numbers were correct: guided to $390-405 mln vs $429 mln estimate.
After Hours Movers : Prices vs. 4 pm close... IBM -3.28 following through on losses in the regular session after meeting ests but being less than clear on forward guidance. SEBL -2.74 also getting hit after coming in light on license revs and guiding down for the second half of 2001... competitors ORCL -0.26 and PSFT -3.19 also lower on SEBL report. EXTR +1.51 bidding higher after beating consensus and guiding higher for 2002... competitor FDRY +0.11 also edging higher on EXTR report. ELNT +1.89 also higher after beating ests and widening its range on earnings projection to the upside... competitor MXIM +0.06 modestly higher in sympathy.
After Hours Indications : No change in the futures trade since the first update -- they continue to carry a modestly negative bias. S&P futures at 1210, trade three points under fair value while the Nasdaq 100 futures at 1675, trade three points below fair value.
Raytheon (RTN) 26 +0.15: Reports Q2 earnings of $0.33 a share, $0.02 better than the First Call consensus of $0.31, vs year-ago earnings of $0.28; revenues rose 4.4% to $4.31 bln vs. consensus est of $4.23 bln; backlog at the end of the quarter was $25.9 billion, compared with $25.4 billion a year ago.
Comm ICs : Group rallying after hours as BRCM and AMCC meet estimates and leave Sep qtr guidance relatively intact; upward FY02 guidance from Extreme (EXTR) also helping as there will be increased optimism that CSCO is also seeing improvement in enterprise business. Changes vs close: BRCM +1.85, AMCC +0.5, PMCS +1, VTSS +0.7.
Crown Cork (CCK) 2.95 +0.03: Reports Q2 earnings of $0.05 a share, in line with the First Call consensus of $0.05, vs year-ago earnings of $0.50; revenues fell 2.9% to $1.88 mln from a year-ago of $1.94 mln.
Potlatch (PCH) 33.19 +0.13: Reports Q2 loss of $0.35 a share, $0.10 better than the Zacks consensus of ($0.45); revenues fell 1.3% to $456.45 mln vs. consensus est of $441.7 mln.
ANTEC (ANTC) 8.77 -0.20: -- Update -- While beating Q2 estimates, company warned for Q3; sees revenues little changed at about $177 mln vs $200 mln Multex consensus, and loss of about $0.11 vs First Call consensus of ($0.04).
Tetra Tech (TTEK) 23.02 +0.52: Reports Q3 earnings of $0.29 a share, in line with the First Call consensus of $0.29, vs year-ago earnings of $0.24; revenues rose 22.7% to $250.12 mln from a year-ago of $203.79 mln; company reaffirms guidance on earnings fro Q4.
USFreightways (USFC) 36.94 +0.11: Reports Q2 earnings of $0.43 a share, $0.03 better than the First Call consensus of $0.40, vs year-ago earnings of $1.01; revenues fell 1.6% to $623.87 mln vs. consensus est of $631.9 mln; "we believe that the slowdown is not over and we will continue to function under less than ideal conditions for at least the remainder of the year." .
After Hours Indications : Futures trading is modestly negative on tonight's earnings reports. S&P futures at 1210, trade three points under fair value while Nasdaq 100 futures at 1675, trade three points below fair value.
Extreme Implications : Positive comments and guidance from EXTR are benefitting other enterprise networkers after hours (changes vs close): CSCO +0.25, FDRY +0.35.
Catalina Mktng (POS) 30.19 -0.43: Company reports Q1 earnings of $0.16 cents per diluted share, $0.02 better than the consensus est; company also guides higher on earnings for Q2; sees earnings of $0.20-0.22 vs.current EPS estimate of $0.20.
Extreme Networks (EXTR) 22.74 -1.36: -- Update -- Stock trading up to 24.25 after hours; Dow Jones reporting that company guided FY02 revenues higher to $540-545 mln on call vs Multex consensus of $528 mln.
Spectrian Corp (SPCT) 13.50 -0.37: Reports Q1 loss of $0.79 a share, $0.03 better than the First Call consensus of ($0.82) and in line with June 8 preannouncement of a loss of $0.70-0.87; revenues fell 27.9% to $30.44 mln from a year-ago of $42.19 mln.
Xicor (XICO) 8.95 -0.20: Reports Q2 earnings of $0.03 a share, $0.03 better than the First Call consensus of $0.00, vs year-ago earnings of $0.10; revenues fell 36.5% to $19.12 mln vs. consensus of $19.0 mln; "In the near-term, we are not immune to the difficult issues facing our industry and their impact on financial performance. Our plans for the second half of 2001 consider a continued inventory correction and overall weak demand for semiconductors in the communications sector, including the fiber optic area." .
Micromuse (MUSE) 17.49 -2.05: -- Update -- On call, company guided Sep qtr EPS to $0.08-0.09 vs consensus of $0.13. Stock at 17.00 after hours.
Mercury Interactive (MERQ) 34.19 -4.39: -- Update -- Hearing that on conference call, company warns for second half: Q3 revenues go to $90-100 mln vs $110 mln estimate, FY01 to $390-405 mln vs $429 mln estimate. Stock trading down to 31.80 after hours.
RadiSys (RSYS) 20.69 +0.70: -- Update -- In addition to beating ests on its Q2 report released tonight, company warns for Q3; sees revs below $60 mln vs. current consensus of $65.7 mln.
IBM (IBM) 104.28 -4.25: -- Update -- Not giving any specific guidance, but management did say this... Indicated that it expects full-year impact from non-operating items is likely to be $0.38 per share... in the past, IBM has typically been able to cover the impact of such items, but given the size of the non-operating items this year and the weakness in the microelectronics business, it is probably only going to be able to cover $0.15 of the $0.38 per share non-operating item impact if microelectronics business doesn't rebound... nonetheless, believes it can finish the year at, or close, to its model that calls for high single-digit revenue growth... call just concluded... IBM -1.12
Dun & Bradstreet (DNB) 28.05 +0.16: Reports Q2 earnings of $0.33 a share, $0.01 better than the First Call consensus of $0.32, vs year-ago earnings of $0.29; revenues fell 7.8% to $320.70 mln from a year-ago of $347.80 mln. Company lowers guidance for full year core revenue growth to flat from +3%, and operating income growth to 8-10% from 10%.
Turnstone Sys (TSTN) 5.55 -0.48: Reports Q2 loss of $0.14 a share, $0.02 worse than the First Call consensus of ($0.12), vs year-ago earnings of $0.16; revenues fell 88.8% to $4.61 mln from a year-ago of $41.05 mln; no forward guidance provided in report.
Three-Five Sys (TFS) 18.50 -0.66: Reports Q2 loss of $0.29 a share, in line with the First Call consensus of ($0.29), vs year-ago earnings of $0.21; revenues fell 44.3% to $25.01 mln vs. consensus of $23.5 mln.
Synplicity (SYNP) 9.35 -0.18: Reports Q2 earnings of $0.01 a share, in line with the First Call consensus of $0.01; revenues rose 55.2% to $12.48 mln from a year-ago of $8.04 mln. Company says it is seeing caution in customer base resulting in weakening orders.
RadiSys (RSYS) 20.69 +0.70: Reports Q2 loss of $0.09 a share, $0.01 better than the First Call consensus of ($0.10), vs year-ago earnings of $0.44; revenues fell 28.3% to $61.80 mln vs. consensus est of $61.3 mln.
Siebel Systems (SEBL) 37.64 -5.91: Due to "exceptionally soft marketplace," management puts license revenue for Q3 in the $250-$300 mln area, though best guess is flat sequentially... Comfortable with Q3 EPS estimate of $0.14... Puts Q4 EPS at $0.16 or about one cent below consensus... Also comfortable with FY02 EPS estimate, which is currently $0.76... Interestingly, company notes that general estimates for tech sector still "too high." Stock currently trading at 35.08.
Robt Half Intl (RHI) 24.15 -0.83: Reports Q2 earnings of $0.21 a share, $0.01 better than the First Call consensus of $0.20, vs year-ago earnings of $0.25; revenues fell 3.4% to $648.40 mln vs. consensus of $644.3 mln; no forward guidance provided in report.
Structural Dynamics (SDRC) 24.64 unch: Reports Q2 earnings of $0.23 a share, $0.04 better than the First Call consensus of $0.19, vs year-ago earnings of $0.23; revenues rose 2.6% to $121.14 mln from a year-ago of $118.11 mln. Offers no guidance but says that while some cite decline economic conditions, company has accelered Metaphase license growth rate and is gaining mkt share.
Siebel Systems (SEBL) 37.64 -5.91: Company notes that business in Q3 likely to be tougher than Q2.
Leggett & Platt (LEG) 22.35 -0.01: Reports Q2 earnings of $0.25 a share, $0.01 better than the First Call consensus of $0.24, vs year-ago earnings of $0.38; revenues fell 5.5% to $1.04 bln vs. consensus est of $1.11 bln; Leggett forecasts a decline in same location sales for the third quarter of about 6%-9% (versus third quarter 2000), and roughly flat same location sales in the fourth quarter (versus fourth quarter 2000); company lowers its range of Q3 guidance on earnings to $0.27-$0.32 vs. current consensus est of $0.32 EPS.
After Hours Movers : Changes vs 4 pm closer; Gainers: AKAM +0.6, AHAA +0.75, BRCM +1.6, CD +1, CERN +2.6, ELNT +1.4, ESRX +2.3, EXTR +0.5, MCDT +1, SYMC +1.6, TVLY +1.6, ZRAN +1.5. Losers: CLS -3.6, ITWO -0.6, KEYN -0.75, PHTN -2, SNDK -2, SEBL -2.6,
IBM (IBM) 104.28 -4.25: -- Update -- In Q&A portion, says it needs to work off about $250 mln in inventory in microelectronics business so that it is positioned for growth in Q4... expects microelectronics business to be a point of weakness in Q3 where business slips 10-20% sequentially... says Q3 will be toughest qtr for microelectronics business and that there should be slight uptick in Q4, but it is not counting on a dramatic uptick in microelectronics in 2H01... IBM -1.78
Digimarc (DMRC) 22.86 -0.68: Reports Q2 loss of $0.22 a share, $0.01 worse than the First Call consensus of ($0.21); revenues rose 55.6% to $4.21 mln vs. consensus of $4.9 mln.
Progressive (PGR) 127.65 -1.83: Reports Q2 earnings of $1.42 a share, $0.18 better than the First Call consensus of $1.24, vs year-ago earnings of $0.06; revenues rose 35.6% to $163.70 mln from a year-ago of $120.70 mln.
Brooktrout Tech (BRKT) 6.92 -0.01: Reports Q2 loss of $0.20 a share, $0.01 worse than the First Call consensus of ($0.19), vs year-ago earnings of $0.42; revenues fell 51.8% to $17.84 mln vs. consensus est of $19.0 mln.
Siebel Systems (SEBL) 37.64 -5.91: Jump in services margins and rigid control of operating expenses behind better than expected EPS number... Cash flow increased by $153 mln... DSO fell to 74 from 76, doesn't expect to stay this low, however... Long-term sees DSO in the 75-85 day range.
Watchguard Tech (WGRD) 8.97 -0.14: Reports Q2 loss of $0.08 a share, $0.02 better than the First Call consensus of ($0.10); revenues rose 27.4% to $17.51 mln vs. consensus est of $16.7 mln.
IBM (IBM) 104.28 -4.25: -- Update -- Says its ability to cover non-operating items (i.e. currency impact and equity writedowns) in 2H01 will be "problematic" if its microelectronics customers don't start growing their business in Q3; believes rest of its businesses will continue to show strong momentum in 2H01, driven by company's $95 bln backlog.... no specific sales and earnings guidance was provided... IBM -2.14
Siebel Systems (SEBL) 37.64 -5.91: -- Update -- Stock down almost 3 pts after hours to 34.88; talk is that license revenue figure is the problem; license revenue was $287 mln - Salomon Smith Barney estimate was $300.3 mln; UBS Warburg was $302 mln.
Siebel Systems (SEBL) 37.64 -5.91: International sales paced license revenues... Domestic revs $128 mln, down slightly from year-ago period, while International $159 mln (+160% year/year)... Sees long-term trend: 40% domestic, 40% Europe, 20% rest of world... 64 license deals over $1 mln, up from 59 year-ago.
SanDisk Corp (SNDK) 22.75 -1.40: -- Update -- Reports Q2 earnings of $0.04 a share, $0.10 better than the First Call consensus of ($0.06), vs year-ago earnings of $0.33; revenues fell 25.6% to $107.15 mln vs. consensus est of $95.2 mln; company warns of a net loss for Q3 in range of $0.10-$0.15 vs. consensus est for net loss of $0.03; .
Siebel Systems (SEBL) 37.64 -5.91: License revenue of $287 mln below most estimates, while services revenue of $262 exceeded most estimates.
HNC Software (HNCS) 24.50 -1.54: Reports Q2 earnings of $0.15 a share, $0.02 better than the First Call consensus of $0.13; revenues rose 23.4% to $59.02 mln (vs $58 mln Multex consensus) from a year-ago of $47.84 mln. No guidance in release.
ICOS Corp (ICOS) 57.49 -0.82: Lilly ICOS LLC announces that the Opposition Division of the European Patent Office declared invalid Pfizer's "method of use" patent for PDE inhibitors, including sildenafil. Lilly ICOS says decision makes it clear that Pfizer is not entitled to exclusivity in the field of erectile dysfunction (ED).
Broadcom (BRCM) 39.00 -3.27: -- Update -- On call, company described a number of design wins. BRCM said it has achieved design wins at virtually every Voice-Over-IP (VoIP) OEM producer....stock at 40.40.
Nortel Networks (NT) 7.58 -0.32: -- Correction -- Earlier comment said that S&P saw uncertainty regarding company's ability to repay debt, that was not correct; S&P saw uncertainty regarding company's ability to return to profitability.
Alliance Data Sys (ADS) 16.75 +0.90: Reports Q2 earnings of $0.13 a share, $0.01 better than the Zacks consensus of $0.12; revenues rose 9.5% to $182.60 mln vs. consensus est of $184.1 mln; "the company expects total 2001 revenue to reach approximately $770 million, EBITDA to be in the low $120's million, and cash earnings to be in the low $30's million" .
Siebel Systems (SEBL) 37.64 -5.91: -- Update -- Reports Q2 net of $0.15 a share, $0.02 better than consensus, vs yr-ago EPS of $0.10; revenues rose 38% to $549.7 mln (consensus $551.7 mln).
Broadcom (BRCM) 39.00 -3.27: -- Update -- On call, company said it expects sequentially flat revenue in Q3 which was $210.9 mln. This is in-line with consensus Q3 rev of $208.4 mln; also, gross margin will be flat and pro forma loss per share should be same as Q2, which would be $0.02 less than consensus...also, DSOs declined to 32 from 42 last quarter...stock at 40.40.
IBM (IBM) 104.28 -4.25: -- Update -- In Q2, disk storage revenue was up 35% at constant currency and Shark revenue was up more than 50%... still waiting on sales and earnings guidance for Q3; in press release, IBM had this to say: "We saw ongoing weakness in PCs and hard disk drives and we continued to be hurt by the negative effects of currency translations. We expect that these factors will continue to work against us in the second half of this year. Additionally, we are now seeing signs of slowing in our Microelectronics business as our OEM customers reduce purchases"... IBM -2.08
Tellium (TELM) 17.80 -1.50: Reports Q2 loss of $0.09 a share, $0.09 better than the First Call consensus of ($0.18); revenues were $30.41 mln vs Multex consensus of $20 mln; company sees FY01 revenues of $125-135 mln vs consensus of $105 mln and affirms current FY02 consensus of $288 mln.
Sanmina (SANM) 17.81 -1.55: Reports Q3 earnings of $0.10 a share, $0.01 below consensus, vs yr-ago EPS of $0.21; revenues fel 28.8% to $776 mln..
Becton, Dickinson (BDX) 36.56 -0.13: Reports Q3 earnings of $0.46 a share, in line with the First Call consensus of $0.46, vs year-ago earnings of $0.40; revenues rose 4.4% to $954.19 mln vs. consensus of $976.4 mln; no forward guidance provided in report.
IBM (IBM) 104.28 -4.25: -- Update -- In Q2, added $16 bln in new signings in global services business, bringing backlog to $95 bln... Had 10 deals signed over $100 mln and 3 deals in excess of $1.0 bln... in global services segment, services revenue was up 15% yr/yr and maintenance revenue was up 3%... IBM -2.08
Express Scripts (ESRX) 59.27 -1.34: Reports Q2 earnings of $0.38 a share, in line with the First Call consensus of $0.38, vs year-ago earnings of $0.29; revenues rose 33.4% to $2.21 bln from a year-ago of $1.65 bln. No new guidance in release.
Broadcom (BRCM) 39.00 -3.27: -- Update -- On conference call, company said it "expects to return to normal growth patterns by the end of the year, or early next year." ...financial guidance to follow soon...stock at 39.66.
Keynote Systems (KEYN) 9.02 -0.43: Reports Q3 earnings of $0.01 a share, $0.01 better than the First Call consensus of $0.00, vs year-ago earnings of $0.10; Q3 revs reported at $11.0 mln; company expects total revs in Q4 to be in the range of $9.5-$10.0 mln.
Boston Scientific (BSX) 17.97 -0.01: Reports Q2 earnings of $0.20 a share, in line with the First Call consensus of $0.20, vs year-ago earnings of $0.30; revenues fell 3.3% to $672.00 mln (vs $674 mln Multex consensus) from a year-ago of $695.00 mln.
NaviSite (NAVI) 1.07 +0.04: Announces the voluntary resignation of Pres/CEO Joel B. Rosen, effective July 31..
IBM (IBM) 104.28 -4.25: -- Update -- On call, said it has had to absorb currency impact of $0.11 per share in 1H01; anticipates that total currency impact for year could be as high as $0.25 per share if current dollar strength persists... no other guidance provided yet... IBM -1.74
ANTEC (ANTC) 8.77 -0.20: Reports Q2 loss of $0.11 a share, $0.03 better than the First Call consensus of ($0.14), vs year-ago earnings of $0.27; revenues fell 37.4% to $177.19 mln (vs $181 mln Multex consensus) from a year-ago of $283.02 mln. Company says that "overall business appears to be stabilizing".
DSP Group (DSPG) 20.52 -1.33: Reports Q2 earnings of $0.20 a share, in line with the First Call consensus of $0.20, vs year-ago earnings of $0.23; revenues rose 2.5% to $26.36 mln from a year-ago of $25.71 mln; see very brief press release.
Micromuse (MUSE) 17.49 -2.05: Reports Q3 earnings of $0.13 a share, $0.01 better than consensus, vs yr-ago EPS of $0.05; revenues increased 92% to $63.3 mln (consensus $62.5 mln).
hi/fn (HIFN) 13.95 -0.10: Reports Q3 loss of $0.17 a share, $0.01 worse than the First Call consensus of ($0.16), vs year-ago earnings of $0.24; revenues fell 46.6% to $6.58 mln from a year-ago of $12.32 mln; "we are not expecting a material improvement in the company's performance through the end of calendar year 2001." .
TranSwitch (TXCC) 9.00 -0.22: --Correction-- Company reports Q2 net loss of $0.07 a share, $0.04 better than consensus, vs yr-ago EPS of $0.10; revenues fell 67% to $11 mln.
IBM (IBM) 104.28 -4.25: -- Update -- Stock reopens for trading; currently at 102 after hours.
Akamai Tech (AKAM) 7.96 -0.68: Reports Q2 loss of $0.46 a share, $0.04 better than the First Call consensus of ($0.50); revenues rose 137.8% to $43.14 mln (vs $42.2 mln Multex consensus) from a year-ago of $18.14 mln. No guidance in release, but company does reaffirm goal of becoming EBITDA positive by Q2 of next year.
Cerner (CERN) 43.40 -0.65: Reports Q2 earnings of $0.21 a share, $0.02 better than the First Call consensus of $0.19, vs year-ago earnings of $0.12; revenues rose 39.0% to $129.99 mln; from press release the company..."also said that it is raising its guidance for earnings per share in 2001 and is now comfortable with analyst earnings per share estimates in the range of $0.86 to $0.91, up from the previous range of $0.83 to $0.88 and that it is comfortable with analyst revenue estimates for the 2001 year in the range of $505 to $515 million, up from a previous range of $490 to $500 million." .
Cendant Corp (CD) 20.17 -0.35: Reports Q2 earnings of $0.30 a share, $0.02 better than the First Call consensus of $0.28, vs year-ago earnings of $0.26; revenues rose 111.3% to $2.40 bln from a year-ago of $1.14 bln. Company raises H2 EPS guidance by a penny to $0.32 and $0.24 for Q3/Q4; leaves FY02 at $1.35-1.40.
Immunex (IMNX) 14.28 -0.76: Reports Q2 earnings of $0.09 a share, $0.02 better than the First Call consensus of $0.07, reports Q2 revs of $238.3 million; no forward guidance provided in report.
Microsoft (MSFT) 70.57 -1.25: Company asks U.S. Appeals Court to reconsider its ruling that the company illegally "commingled" code of its Internet Explorer browser and Windows operating system. MSFT believes that the ruling was based on "clearly erroneous" findings of a lower court judge. (Reuters)
Nortel Networks (NT) 7.58 -0.32: -- Update -- S&P reduces rating on NT long-term debt to BBB from A; sees "significant" uncertainty about company's ability to return to profitability.
Alpha Ind (AHAA) 31.75 +1.47: Reports Q1 loss of $0.09 a share, in line with the First Call consensus of ($0.09), vs year-ago earnings of $0.20; revenues fell 50.9% to $32.22 mln from a year-ago of $65.69 mln. Company expects sequential revenue growth of 5-10% in Sep qtr, or $33.8-35.4 mln vs $38.4 mln consensus, and net loss of $0.05-0.07 vs consensus of a $0.05 loss.
XLNX and ALTR Settle Litigation : The two companies settle patent litigation; Xilinx will receive a one-time payment of $20 million from Altera. All other terms of the agreement are confidential.
SanDisk Corp (SNDK) 24.15 -1.86: Stock halted; news pending.
Newport Corp (NEWP) 21.98 -2.28: Reports Q2 earnings of $0.32 a share, in line with the First Call consensus of $0.32, vs year-ago earnings of $0.20; revenues rose 61.8% to $98.89 mln (vs $94.2 mln Multex consensus) from a year-ago of $61.11 mln. Company sees Q3 revenues of slightly less than $73.6 mln vs $74 mln consensus; FY01 revenues of $350-360 mln vs $358 mln consensus; FY01 EPS $1.10-1.15 vs $1.11 consensus.
Zoran Corp (ZRAN) 31.20 -1.50: Reports Q2 earnings of $0.01 a share, $0.01 better than the First Call consensus of $0.00, vs year-ago earnings of $0.20; revenues rose 16.2% to $21.92 mln vs. consensus est of $20.40 mln; guides its range higher for Q4 earnings; sees EPS in range of $0.13-$0.17.
Travelocity.com (TVLY) 32.52 -0.92: Reports Q2 net of $0.08 a share, $0.04 better than consensus, vs yr-ago EPS of $0.03; revenues rose 76% to $82.3 mln. Puts full yr profit at $0.29-$0.31 vs consensus of $0.20.
Symantec (SYMC) 37.42 -2.16: Reports Q1 earnings of $0.44 a share, $0.03 better than the First Call consensus of $0.41, vs year-ago earnings of $0.67; revenues rose 1.2% to $228.04 mln vs. consensus est of $228 mln; no forward guidance provided in report.
Silicon Storage (SSTI) 7.94 -0.45: Reports Q2 earnings of $0.01 a share, in line with the First Call consensus of $0.01, vs year-ago earnings of $0.24; revenues fell 39.2% to $62.72 mln (vs Multex consensus of %65.0 mln) from a year-ago of $103.19 mln. Company sees Sep qtr revenues of $60-70 mln (consensus $65.7 mln) and EPS of a loss of $0.02 to a profit of $0.02 vs consensus of $0.04 profit.
Speechworks (SPWX) 12.05 -1.00: Reports a Q2 loss of $0.29 a share, $0.06 worse than consensus, vs a yr-ago loss of $0.29; revenues increased 72% to $10.4 mln. SPWX says it enters Q3 with strong visibility into revenue for future quarters.
Photon Dynamics (PHTN) 27.83 -3.51: Reports Q3 loss of $0.15 a share, $0.01 worse than the First Call consensus of ($0.14), vs year-ago earnings of $0.36; revenues fell 51.5% to $12.28 mln vs. consensus est of $12.7 mln; warns for Q4; expects loss of $0.25-$0.35 vs. current consensus for a loss of $0.13.
Handspring (HAND) 4.07 -0.93: Reports Q4 loss of $0.29 a share, $0.03 better than the First Call consensus of ($0.32); revenues rose 17.7% to $60.99 mln (at lower end of reduced $60-65 mln guidance) from a year-ago of $51.83 mln. No guidance in press release.
i2 Technologies (ITWO) 13.09 -2.39: Reports Q2 loss of $0.12 a share, in line with the First Call consensus of ($0.12), vs year-ago earnings of $0.05; revenues fell 0.7% to $240.99 mln (vs Multex consensus of $237.8 mln) from a year-ago of $242.62 mln. No guidance in press release.
Active Power (ACPW) 12.38 -1.77: Marconi (MONI) agrees to five year minimum volume agreement in return for the exclusive distribution rights for Active Power's 6kW High Inertia Turbine (HIT6) DC product.
Broadcom (BRCM) 39. -3.27: Company reports Q2 loss of $0.16, one penny better than consensus; Q2 revs reported at $210.9 mln vs. consensus of $207.9 mln; no forward guidance provided in the report.
Philip Morris (MO) 45.48 +0.63: Reports Q2 earnings of $1.03 a share, in line with the First Call consensus of $1.03, vs year-ago earnings of $0.95; revenues rose 11.2% to $23.19 bln from a year-ago of $20.84 bln.
IBM (IBM) 104.28 -4.25: -- Update -- Company sees weakness into the second half of 2001; sees slowing in microelectronics operations.
Extreme Networks (EXTR) 22.74 -1.36: Posts Q4 net of $0.01 a share, $0.02 better than consensus, vs yr-ago EPS of $0.04; revenues increased 25% to $115 mln (consensus $109.5 mln).
Mercury Interactive (MERQ) 34.19 -4.39: Reports Q2 earnings of $0.18 a share, in line with the First Call consensus of $0.18, vs year-ago earnings of $0.14; revenues rose 37.9% to $96.00 mln (vs Multex consensus of $97.9 mln) from a year-ago of $69.60 mln. No guidance in press release.
E*TRADE (ET) 6.35 +0.01: Reports Q2 earnings of $0.02 a share, $0.01 better than the First Call consensus of $0.01, vs year-ago of breakeven; revenues fell 8.9% to $308.18 mln from a year-ago of $338.30 mln.
McDATA (MCDT) 17.55 -2.55: Reports Q2 net of $0.04 a share, a penny worse than consensus and in-line with guidance of $0.04-$0.06; revenues rose 44% to $81.3 mln. Company forecasts Q3 earnings of $0.03-$0.05 (consensus $0.07) and revenues of $82-$86 mln (consensus $87.3 mln); puts full yr EPS at $0.25-$0.30 vs consensus of $0.29.
IBM (IBM) 104.28 -4.25: Company reports Q2 earnings of $1.15 per share, in line with the consensus estimate; Q2 revs reported at $21.6 bln short of the consensus of $22.6 bln; details to follow.
Applied Micro (AMCC) 17.00 -0.42: Reports Q1 loss of $0.05 a share, in line with the First Call consensus of ($0.05), vs year-ago earnings of $0.05; revenues fell 44.5% to $41.21 mln from a year-ago of $74.19 mln. Company offers no additional guidance, but says that in light of continuing weak conditions, it is undertaking additional restructuring, including layoffs of 5%.
Elantec Semi (ELNT) 26.11 -4.92: Company reports Q3 earnings of $0.08 per share, $0.02 better than the consensus of $0.06; Q3 revenues reported at $20.5 million vs. consensus est of $20.1 million, a 33% sequential decrease from the $30.6 million reported in the second fiscal quarter of 2001; feels business has stabilized but continues to have poor visibility; expects Q4 net income in the range of $0.09-$0.11 range which is in line to slightly higher than current consensus.
AT&T (T) 20.94 +0.13: Company's board unanimously rejects Comcast's (CMCSK) proposal to acquire AT&T Broadband; says proposal did not reflect full value of the unit.
Celestica (CLS) 65.05 -5.85: Reports Q2 earnings of $0.41 a share, $0.01 better than the First Call consensus of $0.40, vs year-ago earnings of $0.30; revenues rose 27.2% to $2.66 bln from a year-ago of $2.09 bln. Company warns for Q3; sees EPS of $0.27-0.35 and revenues of $2.2-2.5 bln vs Multex consensus estimates of $0.43 and $2.69 bln. |
