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To: Clint E. who wrote (34786)	10/18/2001 5:19:01 AM
From: Clint E.	Respond to of 68067

10/17 1646 -75.73 (-4.40%) @ 2.3B -- post IBM/INTC earnings's opening gap-up reversed and then continued down after anthrax scare Message 16522082 Message 16522086 Symbol Last Trade Change Volume Avg Vol Open Day's Range 52-week Range P/E ^DJI Oct 17 9232.97 -151.26 -1.61% N/A N/A 9389.76 9226.95 9489.33 8062.34 11350.05 N/A ^IXIC Oct 17 1646.34 -75.73 -4.40% N/A N/A 1752.94 1646.34 1754.01 1387.06 3535.11 N/A QQQ Oct 17 32.45 -2.51 -7.18% 141,532,800 N/A 35.87 32.30 36 27.2000 87.8750 N/A ^NDX Oct 17 1314.80 -90.01 -6.41% N/A N/A 1440.63 1314.80 1440.63 1088.96 3514.96 N/A ^SPX Oct 17 1077.09 -20.45 -1.86% N/A N/A 1097.54 1076.57 1107.12 944.75 1438.46 N/A ^SOXX Oct 17 428.62 -34.11 -7.37% N/A N/A 462.73 428.15 472.98 343.93 801.05 N/A ^VIX Oct 17 37.12 +1.90 +5.39% N/A N/A 34.70 34.23 37.12 13.38 57.31 N/A DOW No such ticker symbol. Try Symbol Lookup (Look up: DOW) UTX Oct 17 52.00 -2.00 -3.70% 3,213,300 3,114,136 54.10 51.86 54.16 40.1000 87.5000 13.56 IBM Oct 17 102.90 +1.05 +1.03% 18,920,500 8,182,909 106.30 102.90 106.70 80.0625 119.9000 22.63 HWP Oct 17 18.01 -0.49 -2.65% 8,014,200 8,950,772 18.70 17.96 18.75 12.5000 49.9063 26.81 MRK Oct 17 69.05 -0.26 -0.38% 5,127,000 5,305,545 68.81 68.50 69.65 60.3500 96.6875 22.96 JPM Oct 17 34.60 +0.66 +1.94% 14,314,100 7,665,454 35.50 34.57 36.25 29.0400 57.3300 19.07 C Oct 17 46.56 +0.47 +1.02% 19,523,700 12,925,363 46.95 46.21 47.70 34.5100 57.3750 18.22 AXP Oct 17 30.05 -1.25 -3.99% 6,501,100 6,221,227 31.85 30.00 32.19 24.2000 61.4375 19.99 WMT Oct 17 52.22 -0.92 -1.73% 6,638,700 8,090,954 53.25 52.15 53.74 42.0000 58.7500 37.32 GE Oct 17 37.15 -1.32 -3.43% 21,691,400 21,899,228 38.75 37.02 38.76 28.5000 57.8750 28.14 BANK_BRKR No such ticker symbol. Try Symbol Lookup (Look up: BANK_BRKR) BAC Oct 17 57.10 -0.61 -1.06% 7,797,700 6,335,136 58.45 56.75 58.76 36.3125 65.5400 15.37 WFC Oct 17 38.85 -1.34 -3.33% 13,358,300 4,354,590 40.70 38.25 41.15 39.6250 56.3750 20.68 MER Oct 17 44.23 -0.96 -2.12% 7,005,000 6,058,000 45.35 44.10 46.53 33.5000 80.0000 13.49 MWD Oct 17 52.51 -0.09 -0.17% 7,284,800 4,646,727 54.35 52.25 54.35 35.7500 90.4900 15.29 AGE Oct 17 39.00 -0.44 -1.12% 590,500 381,227 40.00 39 40.54 29.7600 52.1875 17.04 BSC Oct 16 53.74 -0.88 -1.61% 1,486,300 804,363 0.00 53.61 56.35 40.6500 64.4500 11.90 LEH Oct 17 60.80 -1.81 -2.89% 2,423,500 2,230,590 64.40 60.85 64.40 43.5000 86.2000 11.64 WIRELESS No such ticker symbol. Try Symbol Lookup (Look up: WIRELESS) QCOM Oct 17 46.64 -3.21 -6.44% 18,295,900 14,965,272 50.90 46.50 51 38.3100 107.8125 N/A NOK Oct 17 19.50 +0.02 +0.10% 19,856,700 13,016,681 20.35 19.21 20.48 12.7000 53.7500 27.06 MOT Oct 17 17.71 +0.21 +1.20% 14,670,000 10,560,909 17.94 17.50 18.00 10.5000 26.2500 N/A PCS Oct 17 26.45 +0.07 +0.27% 10,080,900 9,775,272 26.95 26.25 26.96 15.7200 39.1875 N/A TPC Oct 17 34.90 -0.10 -0.29% 399,300 209,409 35.00 34.20 35.05 26.5625 52.7500 N/A RIMM Oct 17 16.80 -2.18 -11.49% 3,984,700 3,219,727 19.69 16.73 20.21 13.7000 132.6875 N/A LWIN Oct 17 14.38 -0.55 -3.68% 884,700 947,954 15.40 14.38 15.71 12.7000 54.0625 N/A DISH Oct 17 25.13 -1.44 -5.42% 10,440,200 3,086,590 27.15 24.78 27.99 19.4900 48.0000 N/A PROX Oct 17 7.79 -0.68 -8.03% 598,400 762,863 8.49 7.57 8.50 5.6250 68.5000 N/A NETWRK_HW No such ticker symbol. Try Symbol Lookup (Look up: NETWRK_HW) A Oct 17 23.62 -0.19 -0.80% 1,997,000 1,737,045 24.50 23.10 24.79 18.0000 68.0000 25.06 SUNW Oct 17 8.80 -0.81 -8.43% 66,496,600 44,714,952 10.11 8.76 10.16 7.5200 61.0000 33.14 CSCO Oct 17 15.60 -1.37 -8.07% 87,464,400 67,515,088 17.39 15.57 17.45 11.0400 59.4375 N/A NT Oct 17 5.95 -0.10 -1.65% 23,314,500 13,879,500 6.29 5.91 6.37 4.7600 70.0000 N/A LU Oct 17 6.87 -0.08 -1.15% 25,144,600 24,925,544 7.05 6.88 7.23 5.0000 25.6875 N/A JNPR Oct 17 21.13 -1.82 -7.93% 47,465,100 14,375,454 24.08 21.10 24.15 8.9000 244.5000 153.00 EXTR Oct 17 12.20 -1.67 -12.04% 13,887,900 5,398,818 14.99 11.88 15.19 5.8500 128.8750 N/A CIEN Oct 17 15.86 -2.49 -13.57% 32,105,400 16,688,227 19.51 15.49 19.55 9.2000 151.0000 163.84 GLW Oct 17 8.16 -0.39 -4.56% 8,066,600 7,539,454 8.80 8.16 9.80 6.9200 107.0000 N/A JDSU Oct 17 8.12 -0.68 -7.73% 39,131,600 28,065,136 9.181 8.03 9.39 5.1200 104.5625 N/A ONIS Oct 17 6.96 -0.73 -9.49% 3,723,700 5,750,818 8.05 6.96 8.18 3.5000 82.5000 N/A AFCI Oct 17 21.13 -0.93 -4.22% 2,206,500 2,173,409 22.58 20.58 22.76 11.8750 38.7500 9.33 DIGL Oct 17 6.86 -1.56 -18.53% 2,200,000 1,529,954 7.32 6.82 7.85 4.9000 73.1250 8.23 NUFO Oct 17 3.37 -0.28 -7.67% 727,100 833,954 3.89 3.25 3.90 2.1000 91.4375 N/A EXFO Oct 17 12 -0.12 -0.99% 244,800 168,772 12.26 11.85 12.67 7.0000 51.5000 N/A SCMR Oct 17 5.09 +0.18 +3.67% 7,472,200 2,319,727 5.24 4.92 5.35 3.0000 95.0000 N/A CORV Oct 17 2.3002 +0.0202 +0.89% 5,459,000 3,598,136 2.48 2.26 2.50 1.1900 71.7500 N/A MRVC Oct 17 4.31 -0.35 -7.51% 1,686,600 1,156,409 5.05 4.31 5.15 2.2500 52.0625 N/A AVCI Oct 17 2.92 -0.28 -8.75% 1,179,000 1,013,181 3.36 2.79 3.60 1.1000 91.6250 N/A RBAK Oct 17 3.31 -0.19 -5.43% 6,661,800 3,921,045 3.85 3.25 3.87 1.1700 144.2500 N/A AVNX Oct 17 4.89 -0.18 -3.55% 957,000 718,272 5.45 4.76 5.57 2.7000 131.0000 N/A NEWP Oct 17 16.29 -1.31 -7.44% 1,521,000 1,262,636 18.39 16.20 18.50 11.9100 173.0000 19.13 EMC Oct 17 11.21 -2.24 -16.65% 56,985,700 19,792,590 13 11.16 13.20 10.0100 100.8750 19.64 BRCD Oct 17 21.31 -3.271 -13.31% 18,447,300 13,794,272 25.595 21.27 25.74 12.6000 133.7188 72.30 EMLX Oct 17 21.01 -0.95 -4.33% 13,299,200 5,229,909 23.27 20.75 23.501 8.4000 109.7500 N/A NTAP Oct 17 10.05 -1.65 -14.10% 13,170,000 7,893,136 12.09 10.01 12.24 6.0000 152.7500 59.09 MCDT Oct 17 14 -0.90 -6.04% 2,179,800 N/A 15.27 13.85 16.45 7.0400 132.5000 54.18 STOR Oct 17 6.42 -0.44 -6.41% 2,653,900 2,924,636 7.19 6.29 7.28 3.6500 86.6875 N/A TLAB Oct 17 13.03 +0.06 +0.46% 11,301,300 6,364,272 13.35 12.73 13.35 8.9800 68.5000 28.44 SFA Oct 17 17.65 -1.28 -6.76% 1,850,200 2,811,590 19.00 17.30 19.30 15.7500 71.8750 9.51 CMVT Oct 17 18.40 -1.37 -6.93% 8,698,100 5,540,227 20.83 18.253 20.85 16.6290 124.7500 14.02 ADCT Oct 17 4.69 -0.26 -5.25% 12,259,600 8,599,272 5.04 4.58 5.10 2.6300 28.1250 N/A GSPN Oct 17 11.56 +0.63 +5.76% 7,133,900 1,633,500 11.45 11.35 12.71 7.9000 120.5000 N/A TLGD Oct 17 27.90 -2.50 -8.22% 249,400 179,590 30.36 27.24 31.20 15.2500 126.4375 16.63 NTWRKINFRSTRCR No such ticker symbol. Try Symbol Lookup (Look up: NTWRKINFRSTRCR) ALGX Oct 17 6.29 -0.44 -6.54% 3,196,200 1,891,590 6.94 5.96 7.07 2.7400 40.1875 N/A LVLT Oct 17 3.14 -0.17 -5.14% 4,709,200 6,028,818 3.59 3.05 3.64 1.8900 62.0000 N/A ILUM Oct 17 41.75 -4.11 -8.96% 543,600 788,727 47.15 41.21 47.28 13.0625 47.6000 40.95 MTZ Oct 17 4.98 -0.32 -6.04% 272,100 290,318 5.40 4.98 5.40 4.3000 35.7500 7.79 DY Oct 17 12.30 -0.30 -2.38% 192,600 320,045 12.73 12.05 12.73 10.5000 49.3750 8.75 PWR Oct 17 17.18 +0.03 +0.17% 531,700 526,272 17.25 16.60 17.60 9.9400 38.9375 13.09 ANDW Oct 17 19.15 -0.70 -3.53% 560,200 837,590 19.89 18.72 20.04 13.1875 27.5000 24.51 WFII Oct 17 6.80 +0.34 +5.26% 559,800 476,045 6.925 6.45 7.02 3.3125 66.0000 N/A NETWRK_SW No such ticker symbol. Try Symbol Lookup (Look up: NETWRK_SW) MUSE Oct 17 10.50 -0.84 -7.41% 5,076,100 3,442,772 11.79 10.20 12.15 5.3000 108.3750 39.24 OPWV Oct 17 7.89 +0.19 +2.47% 10,364,600 7,362,909 8.25 7.85 8.84 6.5000 115.1875 N/A VRSN Oct 17 45.43 -4.33 -8.70% 9,479,300 9,207,818 51.55 45.20 51.58 26.2500 187.3125 N/A CHKP Oct 17 29.12 -3.05 -9.48% 13,056,800 8,819,318 34 28.71 34.01 19.5600 118.5834 26.74 ISSX Oct 17 21.85 +0.34 +1.58% 7,720,100 1,382,500 24.05 21.36 25.50 8.3500 102.9375 80.86 NETE Oct 17 14.22 -0.40 -2.74% 1,311,100 1,510,818 15.20 13.81 15.44 7.9000 80.8750 46.86 RSAS Oct 17 10.01 -0.47 -4.48% 1,089,300 1,160,500 10.81 9.99 11.43 9.6100 44.3334 5.87 SNWL Oct 17 15.65 -1.12 -6.68% 734,000 743,727 17.10 15.51 17.35 8.5000 26.8750 N/A SEMI-CAPX No such ticker symbol. Try Symbol Lookup (Look up: SEMI-CAPX) AMAT Oct 17 32.14 -2.31 -6.71% 19,235,800 16,394,681 35.40 32.028 35.45 26.5900 59.1000 19.89 KLAC Oct 17 35.21 -3.30 -8.57% 11,855,600 8,457,545 39.81 35.17 39.82 25.5000 61.0000 20.59 NVLS Oct 17 29.57 -2.97 -9.13% 12,801,500 7,867,318 33.40 29.36 33.45 24.9375 58.7000 14.76 TER Oct 17 21.25 -2.05 -8.80% 4,733,500 1,981,227 23.95 21.25 24.21 18.4300 47.2100 11.26 LRCX Oct 17 17.76 -0.93 -4.98% 3,437,100 2,914,227 19.10 17.75 19.39 13.0000 33.7600 22.07 CCMP Oct 17 56 -1.37 -2.39% 2,114,500 1,389,045 58.16 55.75 60 35.5000 100.1250 30.94 CMOS Oct 17 12.26 -0.22 -1.76% 1,365,400 1,027,772 12.83 12.16 12.93 10.9500 30.8750 N/A BRKS Oct 17 33.33 -2.87 -7.93% 630,200 566,590 36.75 33.07 37.97 19.8750 65.1328 45.25 COHR Oct 17 28.85 -2.36 -7.56% 107,300 161,363 31.40 28.76 31.75 25.0000 53.7500 10.91 EMKR Oct 17 11.85 -0.42 -3.42% 360,000 608,590 12.95 11.32 12.95 7.6700 55.3750 N/A CREE Oct 17 16.86 -1.46 -7.97% 1,569,200 1,413,454 18.69 16.649 18.98 12.2100 64.1250 63.61 VECO Oct 17 27.09 -1.06 -3.77% 395,200 435,000 28.745 26.94 29.09 19.9000 89.5000 21.99 CYMI Oct 17 17.53 -0.77 -4.21% 413,200 392,181 18.49 17.30 19.10 14.1500 36.0000 10.94 NANO Oct 17 21.05 +1.15 +5.78% 140,100 103,454 20.51 20.12 21.91 10.6250 36.6600 20.31 SEMI No such ticker symbol. Try Symbol Lookup (Look up: SEMI) INTC Oct 17 24.57 -0.39 -1.56% 91,476,800 48,354,136 26.14 24.50 26.23 18.9600 47.8750 46.39 AMD Oct 17 9.71 -0.90 -8.48% 9,129,000 6,480,272 11.38 9.61 11.39 7.6900 34.6500 4.80 BRCM Oct 17 28.07 -3.90 -12.20% 16,465,100 11,191,454 33.30 27.96 33.50 18.4000 256.1875 N/A AMCC Oct 17 10.32 -1.83 -15.06% 16,546,900 12,534,681 12.99 10.20 13.04 6.0105 109.2500 N/A PMCS Oct 17 15.51 -1.59 -9.30% 13,055,000 10,430,045 18.21 15.45 18.40 9.3700 211.2500 N/A VTSS Oct 17 9 -1.39 -13.38% 5,843,900 5,317,954 11.13 8.98 11.29 6.6500 84.8750 N/A TXCC Oct 17 4.96 -0.17 -3.31% 3,391,900 2,050,181 5.42 4.80 5.63 2.1500 74.6875 23.53 XLNX Oct 17 27.48 -3.27 -10.63% 10,946,800 7,602,136 31.36 27.48 31.70 19.5200 79.5000 N/A ALTR Oct 17 19.34 -1.79 -8.47% 10,321,300 7,789,181 21.95 19.21 21.99 14.6600 42.5000 15.62 LSCC Oct 17 17.91 -1.26 -6.57% 2,606,900 1,608,909 19.42 17.88 19.62 14.0400 29.6500 41.31 TXN Oct 17 29.91 -1.58 -5.02% 12,328,100 10,346,409 31.75 28 32.50 20.1000 54.6875 41.11 ADI Oct 17 39.76 -2.31 -5.49% 4,763,800 3,501,772 44.00 39.69 44.10 29.0000 83.5625 30.20 ISIL Oct 17 32.68 -1.26 -3.71% 2,028,900 1,669,409 34.59 32.67 35.30 13.5625 58.0625 58.52 DSPG Oct 17 22.05 -1.80 -7.55% 299,500 261,318 24.05 22.05 24.10 13.5000 35.7500 23.66 STM Oct 17 27.35 -0.34 -1.23% 2,565,800 1,543,272 29.20 27.35 29.20 17.8900 52.3750 24.48 QLGC Oct 17 33.80 -4.04 -10.68% 17,057,100 8,159,272 39 33.76 39.50 17.2100 130.2500 52.56 LLTC Oct 17 37.04 -4.04 -9.83% 14,807,400 5,251,454 41.84 36.779 41.90 29.4500 68.0625 31.84 MXIM Oct 17 42.04 -4.12 -8.93% 6,662,600 5,412,681 46.93 41.92 47.10 32.2000 82.2500 49.63 ELNT Oct 17 28.64 -1.80 -5.91% 723,000 531,090 31.35 28.64 32.48 17.5000 123.0000 33.09 NSM Oct 17 25.96 -1.39 -5.08% 1,891,000 2,485,772 28.00 25.80 28.00 17.1250 37.5000 107.68 RFMD Oct 17 18.49 -5.93 -24.28% 28,997,500 10,189,545 22.88 18.40 22.90 8.7500 37.5000 N/A AHAA Oct 17 20.34 -2.96 -12.70% 6,391,600 2,119,090 23.56 20 23.60 13.0625 55.3750 48.54 TQNT Oct 17 18.02 -1.34 -6.92% 9,564,300 3,590,590 19.56 17.92 20.19 10.2500 61.5625 28.06 MCRL Oct 17 23.34 -2.36 -9.18% 1,239,600 876,409 26.61 23.34 26.88 17.1000 59.1875 47.59 MU Oct 17 20.66 -1.39 -6.30% 8,706,000 7,391,272 22.60 20.52 22.80 16.3900 49.6100 N/A RMBS Oct 17 9.10 -2.62 -22.35% 10,469,200 2,810,500 12.15 9.06 12.16 4.8600 72.8750 40.41 IDTI Oct 17 25.15 -2.75 -9.86% 2,659,700 2,224,636 28.65 24.86 28.71 17.1600 90.2500 9.35 LSI Oct 17 15.94 -0.68 -4.09% 5,084,800 3,955,409 17.60 15.75 17.60 9.7800 33.0000 N/A NVDA Oct 17 41.70 -2.60 -5.87% 14,144,200 6,479,863 45.28 41.50 45.30 13.7500 50.0000 61.31 ARMHY Oct 17 14.01 +0.21 +1.52% 557,400 461,454 14.73 14 14.80 8.3900 33.5000 93.24 SW No such ticker symbol. Try Symbol Lookup (Look up: SW) MSFT Oct 17 56.03 -2.42 -4.14% 36,865,200 33,842,908 59.12 55.98 59.30 40.2500 76.1500 42.05 ORCL Oct 17 13.66 -1.28 -8.57% 54,189,200 39,868,000 15.27 13.63 15.35 10.1600 37.0000 33.20 SEBL Oct 17 17.38 -4.16 -19.31% 33,350,300 15,036,454 22.97 17.32 23.03 12.2400 119.8750 36.76 VRTS Oct 17 26.26 -3.17 -10.77% 29,180,000 14,419,590 30.93 26.15 31 17.3000 166.8750 N/A MERQ Oct 17 22.94 -4.52 -16.46% 11,050,900 4,206,863 27 22.80 27.33 18.0000 147.0000 36.91 ITWO Oct 17 4.29 -1.40 -24.60% 38,052,000 12,129,590 5.20 4.04 5.28 2.9800 96.1250 N/A PSFT Oct 17 23.19 -5.35 -18.75% 17,777,200 9,764,000 27.96 22.85 28.05 15.7800 53.8750 45.23 RATL Oct 17 12.55 -2.15 -14.63% 3,925,200 3,293,272 15.31 12.53 15.45 7.5100 66.2500 N/A BMC Oct 17 15.81 +0.33 +2.13% 3,698,600 1,813,000 16.40 15.40 16.75 11.5000 33.0000 N/A CA Oct 17 27.90 -0.95 -3.29% 2,009,000 1,986,954 29.85 27.71 29.98 18.1250 39.0300 N/A CTXS Oct 17 23.08 -2.27 -8.95% 5,255,500 4,807,045 25.89 22.73 26.57 15.8125 37.1875 52.48 ADBE Oct 17 28.78 -2.27 -7.31% 3,787,500 4,061,545 32.08 28.67 32.10 22.2000 87.3125 31.52 ERTS Oct 17 52.70 -1.58 -2.91% 3,246,300 2,910,272 55.15 52.39 55.15 31.0000 63.7500 N/A NET No such ticker symbol. Try Symbol Lookup (Look up: NET) EBAY Oct 17 57.10 -4.50 -7.31% 10,827,400 7,384,818 61.79 57.04 61.87 26.7500 71.2990 203.97 TMPW Oct 17 31.39 -3.10 -8.99% 2,601,300 2,812,909 35.90 31.26 35.93 25.2100 75.4375 60.51 AOL Oct 17 30.81 -2.69 -8.03% 32,984,100 16,391,636 33.20 30.78 33.20 27.4000 58.5100 63.69 YHOO Oct 17 11.36 -1.14 -9.12% 11,877,700 8,291,363 13.03 11.31 13.18 8.0200 70.6250 N/A RETK Oct 17 19.56 +0.60 +3.16% 3,378,600 1,143,181 20.45 19.50 21.85 11.4500 48.0000 N/A GMST Oct 17 19.86 -2.16 -9.81% 6,566,100 4,317,227 23.39 19.43 23.67 16.0500 75.6250 N/A CTSH Oct 17 28.62 +1.77 +6.59% 385,900 123,545 27.85 27.84 29.72 17.7000 53.7500 24.34 NNDS Oct 17 28.04 +0.51 +1.85% 29,600 52,545 27.95 27.22 28.84 17.3000 80.0000 81.93 INTU Oct 17 36.66 -0.76 -2.03% 4,171,800 2,791,409 38.02 36.63 38.161 22.6250 69.3125 N/A QSFT Oct 17 15.08 -1.52 -9.16% 1,056,300 1,369,500 17.25 14.90 17.50 9.7000 61.6250 N/A CKFR Oct 17 17.64 -1.92 -9.82% 598,100 706,409 19.70 17.57 20 14.5500 62.5000 N/A HOMS Oct 17 5.85 -0.63 -9.72% 3,170,200 2,379,681 6.71 5.72 6.84 4.7600 43.0000 N/A SRNA Oct 17 15.55 +1.45 +10.28% 1,165,600 547,863 14.32 14.31 16.33 5.4688 58.3125 24.91 TLRK Oct 17 20.60 -0.49 -2.32% 224,100 142,090 21.30 20.50 21.45 15.9500 35.1250 N/A NTIQ Oct 17 29.59 -1.34 -4.33% 1,410,300 1,055,363 31.35 29.48 33.19 13.5000 111.5000 N/A DMRC Oct 17 13.88 +1.55 +12.57% 82,900 84,454 12.55 12.16 14.04 9.0000 28.2000 N/A SMMX Oct 17 16.85 -0.91 -5.12% 83,800 122,500 17.75 16.33 17.75 11.6600 50.4375 2220.00 DGIN Oct 17 11.91 -0.12 -1.00% 134,700 248,954 12.31 11.55 12.31 6.9375 27.0625 N/A MACR Oct 17 14.02 -0.43 -2.98% 1,072,700 568,954 14.49 13.90 15.24 11.3000 85.2500 N/A OVER Oct 17 18.55 -0.65 -3.39% 892,700 805,272 19.46 18.50 20 4.8125 28.2810 N/A WEBM Oct 17 9.25 -0.14 -1.49% 886,400 1,247,590 9.83 9.25 10.60 6.1300 103.2500 N/A VRTY Oct 17 11.22 -0.53 -4.51% 268,200 493,272 12.02 11.21 13.20 7.0000 32.7500 18.05 ECM No such ticker symbol. Try Symbol Lookup (Look up: ECM) SANM Oct 17 15.20 -0.98 -6.06% 6,156,700 8,217,954 16.90 15.20 16.93 11.6400 60.5000 18.04 JBL Oct 17 23.25 -0.25 -1.06% 2,015,300 2,083,636 23.90 22.80 24.24 14.0000 60.0000 39.83 FLEX Oct 17 20.44 -1.31 -6.02% 9,978,400 7,870,863 22.82 20.34 22.87 12.3750 43.0000 N/A SLR Oct 17 14.33 -0.27 -1.85% 7,491,700 6,041,000 15.25 14.48 15.39 9.9100 52.6250 N/A SCI Oct 17 20.73 -1.16 -5.30% 1,009,400 1,505,909 22.35 20.68 22.80 15.5300 47.0000 32.19 DRUG No such ticker symbol. Try Symbol Lookup (Look up: DRUG) IDPH Oct 17 51.87 -2.07 -3.84% 2,209,400 3,432,681 55.455 51.75 55.50 32.6250 77.6451 107.88 PDLI Oct 17 27 -2.51 -8.51% 2,563,700 1,944,636 30.25 26.90 30.25 16.2500 73.1250 621.26 GILD Oct 17 59.88 -3.05 -4.85% 1,835,800 2,049,090 63.51 59.74 63.55 24.8750 65.2900 N/A SEPR Oct 17 42.58 -2.13 -4.76% 1,136,800 829,045 44.72 42.37 45.30 23.4500 121.7500 N/A IVGN Oct 17 70.91 -1.79 -2.46% 813,500 889,409 73.20 69.82 73.79 38.5000 87.4375 N/A AFFX Oct 17 18.86 -1.34 -6.63% 1,438,500 1,004,545 20.35 18.69 20.48 13.9800 92.0000 N/A HGSI Oct 17 36.24 -3.14 -7.97% 4,115,500 2,745,227 40.25 36.15 40.37 26.4100 106.8594 N/A AMGN Oct 17 59.01 -2.54 -4.13% 8,754,700 7,843,863 61.95 58.96 62.037 45.4375 75.0625 55.45 VRTX Oct 17 22.20 -1.68 -7.04% 1,379,200 1,053,636 24.85 22.19 24.85 15.5000 99.2500 N/A MLNM Oct 17 21.67 -1.33 -5.78% 5,300,000 2,881,000 24.82 21.65 24.82 15.6300 89.8125 N/A BGEN Oct 17 55.37 -0.18 -0.32% 4,385,200 3,076,318 55.72 54.75 56.16 48.0000 75.0000 29.74 MEDI Oct 17 36.65 -2.38 -6.10% 2,393,200 2,655,727 39.93 36.52 39.98 27.6250 72.6250 54.36 MISC No such ticker symbol. Try Symbol Lookup (Look up: MISC) DELL Oct 17 23.22 -1.05 -4.33% 29,196,600 27,650,228 24.86 23.12 24.96 16.0100 33.0625 44.13 AAPL Oct 17 16.98 -1.03 -5.72% 5,110,200 5,397,681 18.34 17.01 18.41 13.6250 27.1200 105.32 PLCM Oct 17 31.70 -1.95 -5.79% 5,256,200 2,093,181 33.88 31.11 35 10.7500 72.2500 58.52 PLXS Oct 17 27.07 +0.34 +1.27% 1,848,700 751,727 27.12 26.95 28.14 19.9375 78.3750 25.26 OPMR Oct 17 25.30 +0.80 +3.27% 673,500 932,454 25.75 25.05 25.95 17.6400 53.5500 N/A IART Oct 17 28.16 +0.92 +3.38% 533,000 382,227 27.96 27.36 30 9.8750 32.1500 N/A TUTR Oct 17 24.14 -1.21 -4.77% 58,600 166,863 25.74 24.05 25.99 12.0625 36.4000 38.58 MDCI Oct 17 17.79 -0.45 -2.47% 236,000 290,227 17.98 17 18.24 3.0000 21.6200 37.22

To: Clint E. who wrote (34786)	10/18/2001 5:20:25 AM
From: Clint E.	Respond to of 68067

Tech Sector Gloomy Following Big Earnings Day By Eric Auchard NEW YORK (Reuters) - Major U.S. makers of software, data storage, and communications chips were among the big names to report depressed results and grim outlooks on Wednesday, in the latest blow to markets wracked by anthrax and war fears. A cross-section of top companies from the U.S. technology, media, and telecommunications sectors on Wednesday provided the broadest evidence seen so far that the U.S. technology slump is deep and getting worse. Tom Seibel, outspoken chief executive and founder of Siebel Systems Inc. (Nasdaq:SEBL - news), the leading maker of customer sales and service software, summed up the troubles in a dire litany. ``Consumer confidence is down. Consumer spending is down. Industrial production has been declining. Payroll is down. Unemployment is up,'' he complained. ``We have synchronous recessions in Asia, Europe and the United States. It looks like things will be quite tough through the remainder of the year.'' Late Wednesday, Texas Instruments Inc. (NYSE:TXN - news), the world's No. 1 maker of computer chips for mobile phones, posted a third-quarter loss, warned of weak fourth-quarter sales, and said it was unable to predict when it would return to profit. EMC Corp. (NYSE:EMC - news), the world's top maker of data-storage systems, reported its first quarterly loss in a dozen years and warned it did not expect to turn a profit until the second half of 2002. And AOL Time Warner Inc. (NYSE:AOL - news), the global media giant, said its third-quarter loss widened as results at its flagship America Online Internet unit disappointed some analysts. NUMBERS TELL THE TALE More proof came when Siebel posted third-quarter profits that fell by nearly 50 percent, to $35 million. In recent weeks, technology investors had brushed off dark headlines and dismal outlooks to bid up sectors such as semiconductors, sensing that the worst downturn in the high-tech industry's decades-long history is nearing a bottom. An index of 16 top chip stocks rose by 24 percent since Oct. 3, despite market jitters over anthrax that drove the Philadelphia Stock Exchange Semiconductor Index lower on Wednesday. In a mixed message, Texas Instruments suggested that that an extended decline in semiconductor sales since the end of last year would bottom out in the fourth quarter, but declined to forecast when it would return to profitability. ``As things stand now, it appears that the third quarter will mark the bottom for orders, and the floor for revenue should be set in the fourth quarter,'' Tom Engibous, chairman, president and CEO of Texas Instruments, said in a statement. ``In a weak economic environment, it's hard to make a case that any near-term pick-up in demand for communications products is sustainable,'' SG Cowen semiconductor analyst Drew Peck said of Texas Instruments' results. ``We are getting close to a bottom but it looks like it's going to be a long, slow road back,'' Peck said, adding he would have to reduce his revenue estimates for the fourth quarter. Celestica Inc. (CLS.TO) (NYSE:CLS - news), Canada's largest maker of electronics, said on Wednesday that third-quarter results hit the low end of previously lowered guidance, while economic conditions will force new restructuring in the fourth-quarter. ALL IS NOT LOST Still, there were selected bright spots in reports from some companies in sectors such as wireless services, computer security, and niche computer hardware plays. Analysts have grown increasingly ebullient about computer security stocks, one of the isolated beneficiaries of heightened fears in the wake of the Sept. 11. No. 4 U.S. wireless service company Sprint PCS (NYSE:PCS - news) added 1.2 million new subscribers during the third quarter, far above analyst expectations. Corporate computer reseller CDW Computer (Nasdaq:CDWC - news) said higher margins offset a drop in sales. Both stocks swelled higher on Wednesday in after-hours trading. Earlier in the day, software security monitoring company Internet Security Systems Inc. (Nasdaq:ISSX - news) reported a third-quarter net loss after charges for acquisitions and restructuring. But it said fourth-quarter results would likely meet or exceed the top end of analysts' expectations. Shares of Texas Instruments fell in after-hours trade on Wednesday, to $28.05. During the regular session, TI stock dropped $1.58 to end at $29.91 ahead of its earnings. Siebel dropped to $16.35 from its $17.38 regular session closing price on the Nasdaq stock market. Other stocks that posted quarterly results late on Wednesday traded sideways or unchanged, including Apple Computer Inc. (Nasdaq:AAPL - news) and Advanced Micro Devices Inc. (NYSE:AMD - news). Sprint PCS surged to $28 from the $26.45 price it closed at during regular session trading on the New York Stock Exchange (news - web sites), before it posted its results Wednesday afternoon. CDW Computer Centers Inc. rose to $45 from $42.65 in after-hours. ======================================== Stocks Slump Amid Anthrax Scare By Haitham Haddadin NEW YORK (Reuters) - Stocks slumped on Wednesday as anthrax scares in Washington and New York stymied an early rally on upbeat profits from tech bellwethers like International Business Machines Corp.(NYSE:IBM - news). Major market indexes began Wednesday on a positive note but fell after news that congressional buildings will be screened for environmental hazards amid deepening fears of biological attacks. The selling intensified in the late afternoon after chief White House economic aide Lawrence Lindsey said it was likely the U.S. economy will log two consecutive quarters of falling gross domestic product, defined as a recession. ``I don't think there's enough consideration given for the potential depth of the downturn to come,'' said Barry Hyman, chief investment strategist at broker-dealer Ehrenkrantz King Nussbaum. ``But a lot of the drop in the market is also the anthrax scare.'' Thirty-one congressional staffers tested positive for anthrax exposure on Wednesday, and Republican and Democratic leaders closed much of the U.S. Capitol complex in an extraordinary precautionary measure. New York State Gov. George Pataki said his Manhattan offices may be contaminated with the potentially deadly bacteria. Anthrax cases have popped up in Washington, D.C., New York City, Florida and Nevada. The tech-laced Nasdaq Composite Index (^IXIC - news) shed 75.73 points, or 4.4 percent, to 1,646.34. The Dow Jones industrial average (^DJI - news) slumped 151.26 points, or 1.61 percent, to 9,232.97, after rising about 100 points at the open, and the broader Standard & Poor's 500 Index (^SPX - news) lost 20.45 points, or 1.86 percent, to 1,077.09. The earnings news continued in earnest after the close. Texas Instruments Inc. (TXN.N, the world's No. 1 maker of computer chips for mobile phones, posted a loss and its shares fell after-hours to $28.30 from a close at $29.91. Apple Computer Inc. (Nasdaq:AAPL - news) reported operating earnings that topped the previous quarter's results. But the computer maker warned the Sept. 11 attacks on the United States sharply slowed business and the company had lowered its financial outlook for the current quarter as a result. Apple rose to $17.13 in the aftermarket from a $16.99 close on the Nasdaq. Wall Street jitters tempered an early rally sparked by two technology bellwethers. IBM, the world's largest computer company, surged to a session high of $106.40 and finished up $1.05 at $102.90 as the Dow component topped forecasts and said it was on track to meet quarterly estimates. Intel Corp. (Nasdaq:INTC - news), the world's largest maker of computer chips, had also boosted sentiment for much of the session after matching forecasts. The Nasdaq heavyweight, which also is a Dow component, rose to $26.23, but succumbed to the late selling and fell 39 cents to close at $24.57. Intel posted a 77 percent tumble in quarterly profits that met forecasts. It was the most actively traded stock on the Nasdaq. Top banking companies Citigroup Inc. (NYSE:C - news) rose 47 cents to $46.56 and J.P. Morgan Chase & Co. Inc. (NYSE:JPM - news) climbed 66 cents to $34.60 -- both boosting the Dow. The companies posted sharp declines in profits as the sluggish economy and last month's attacks on New York battered revenues at their Wall Street businesses. But many on Wall Street thought the industry's results would be worse than they have been. ``The market got off to a good start, propelled by decent earnings from IBM, Intel, Citigroup and J.P. Morgan. As word spread of new discoveries of anthrax contaminations, the market began pulling back,'' said John Forelli, portfolio manager at Independence Investment. ``We're trying to get back to normal in a situation that is proving to be anything but.'' Federal Reserve (news - web sites) Chairman Alan Greenspan (news - web sites) offered a cautious economic outlook. The Fed chief, addressing Congress, said consumers and businesses have trimmed spending after the Sept. 11 attacks on the nation that left 5,400 people dead. He stressed the uncertainty of the immediate economic outlook, but expressed hope the economic impact has been a one-time and likely temporary event. Stocks rose in the past three weeks on optimism over a handful of solid corporate results, lower interest rates and increased government spending. The market got a little ahead of itself, some pundits said. ``There is such a premium built in this market for it to bounce back faster and quicker than expected,'' Hyman said. Many investors are convinced of an economic upturn in 2002 but are keeping up their guard amid the unnerving increase in anthrax cases and threats from Osama bin Laden (news - web sites), suspected of masterminding the September attacks. ``Now the anthrax scares are introducing an entirely new element of uncertainty that the nation, never mind the markets, is having difficulty assessing,'' Forelli said in a note. ``This situation doesn't fit in any economic or market models, so you are not sure if you should sit tight or run away.'' Investors did not respond kindly to all earnings reports, as they sold off from the start shares of bellwethers such as AOL Time Warner Inc. (NYSE:AOL - news), EMC Corp. (NYSE:EMC - news) or Ford Motor Co. (NYSE:F - news) -- companies that either delivered quarterly losses or warned of lackluster profits ahead. These shares fell between 3 percent and nearly 17 percent. AOL Time Warner, the world's largest Internet and media company, fell $2.69 to $30.81 after reporting a wider loss. EMC, the most active stock on the New York Stock Exchange (news - web sites), shed $2.24 to $11.21 after the world's top maker of data-storage systems reported its first quarterly loss in a dozen years. Ford lost 55 cents to $17.13 after the No. 2 automaker said profits would be under pressure in the fourth quarter and reported a third-quarter loss. Dow stock International Paper Co. (NYSE:IP - news) fell $1.28 to $36.32, the world's largest forest products company, said earnings fell 74 percent due to company restructuring, low prices and lagging demand for its products. Washington Mutual Inc. (NYSE:WM - news), the No. 1 U.S. savings and loan, said profits jumped 84 percent but it missed estimates. Shares fell 11 percent, or $4.09 to $33.01.

To: Clint E. who wrote (34786)	10/18/2001 5:23:57 AM
From: Clint E.	Respond to of 68067

Wednesday October 17, 10:04 pm Eastern Time Broadcom posts Q3 loss, revenues stabilize IRVINE, Calif., Oct 17 (Reuters) - Communications chip maker Broadcom Corp. (NasdaqNM:BRCM - news) on Wednesday reported a third-quarter loss before charges that was slightly narrower than expected as revenue stabilized and margins improved after the recent slump in sales of chips for networking equipment and servers. Broadcom, which makes communications chips for cable modems and other networking equipment, projected revenues would rebound by up to 5 percent in the current quarter, bringing sales to near $225 million. Shares in Broadcom, which closed down 12 percent at $28.07 on Nasdaq on Wednesday, rallied to regain a portion of that loss in after-hours trade, reaching $29 on the Instinet system. On a conference call with analysts, Broadcom executives held back from providing any guidance for 2002, citing the economic uncertainties that have after the Sept. 11 attacks on New York and Washington. Even so, some analysts were ready to cautiously call a bottom for the company, which had seen sales and its share price plunge with the downturn in spending on communications gear. ``We believe the worst of the downturn is behind and Broadcom is well-positioned to experience strong growth when the upturn starts,'' said WR Hambrecht analyst Jim Liang in a research note. Including a massive $1.18 billion write down on the value of acquisitions, Broadcom reported a loss of $1.6 billion, or $6.36 per share, compared with a net loss of $14 million, or 6 cents per share, in the year-earlier period. The net loss also reflected a $16 million restructuring charge, including a cash payment of $13 million related to severance for laid off workers and the closure of some facilities. Broadcom continued to hire and ended the quarter with about the same work force as it had when the quarter began, executives said. Revenues were $214 million, up from $211 million in the prior quarter but still down sharply from the $319 million recorded in the third quarter of 2000. Excluding the charges, Broadcom posted a loss of $34 million, or 13 cents per share, compared with a profit of $79 million, or 30 cents per share in the year-earlier period. The company forecast that the pro forma loss per share would be about 12 cents in the current quarter. The average estimate of 20 brokers polled by Thomson Financial/First Call had been for a pro forma loss of 15 cents, with a range of a loss of 14 cents to 18 cents for the September-ending quarter. Gross margins for the company, rose to 47.1 percent from 46 percent in the prior quarter. The quarter was in line with Broadcom's dramatically reduced expectations from June, Chief Financial Officer William Ruehle told Reuters. ``Turning the quarter is a little dramatic, but there was some stability,'' Ruehle said. ``Our revenues were right in line.'' Despite the massive write-down on acquisitions that it took in the quarter, Broadcom ended the quarter with $653 million in cash, down from $665 million in the previous quarter, Ruehle said. A large part of the improvement in margins resulted from better production efficiencies in Broadcom's StrataSwitch, network products, which control data flows at high speed on corporate networks. Two of the Broadcom's major customers in the quarter were Motorola Inc. (NYSE:MOT - news), which accounted for almost 22 percent of revenue up from 14 percent in the prior quarter, and Compaq Computer Corp (NYSE:CPQ - news), which accounted for just over 10 percent of revenue for the first time, the company said. Broadcom shares have rallied since early October but is still off some 67 percent this year, underperforming the benchmark Philadelphia Stock Exchange Semiconductor index which is down about 26 percent. ========================== ========================== Texas Instruments Beats Estimates, but Orders Still Lagging By Tish Williams Updated from 6:32 p.m. EDT Texas Instruments (TXN:Nasdaq - news - commentary - research - analysis) reported that its precipitous fall slowed in its third quarter, as orders and revenues still turned down, but at an eased pace. Texas Instruments mustered $1.85 billion in revenue, edging out Street estimates of $1.78 billion in the third quarter. With a 3 cents-a-share shortfall, the company narrowly beat analyst expectations of a 4 cents-a-share loss, as gathered by Multex.com. Last quarter the chipmaker turned in a 3 cents-a-share profit with revenues of $2.04 billion. Wednesday's reported results paled in comparison to the third quarter of 2000's 33 cents-a-share profit and $3.15 billion revenue. CFO Bill Aylesworth said the words investors had been hoping to hear about the third quarter -- but applied it to the fourth: Semiconductor revenues are expected to bottom out in the December quarter. For the fourth quarter, seasonally weak for TI, the communications chipmaker forecast a 10% revenue drop and a widened loss of 9 cents a share. Texas Instruments was down 5% to $29.91 in Wednesday trading. In the third quarter, the company's revenues were down 9% sequentially, as orders also slipped another 4% from the depressed second quarter. In the second quarter, revenues slipped 19% sequentially. Aylesworth pointed to wireless as a "primary growth driver" as wireless revenues grew 16% sequentially in the quarter; overall, DSPs grew 10% in the quarter as other segments declined. Texas Instruments saw a pickup in orders for current-generation TDMA phones for the North American market. "We think that is a direct reflection of the realization of how much people value a cell phone in the very difficult times we're in," Aylesworth told TheStreet.com. He reported that the GSM market in Asia, particularly China, was also a strong area for TI's mobile-phone technology. The company's operating margin moved in the wrong direction, going from a slim .5% margin in the second quarter to a negative margin of 8.5% in the third quarter. TI expects that to head south another 9%, as revenues decline, utilization rates of its fabs hover under 50% and TI works off inventory. The company whittled its inventory levels down from 72 days in Q2 to 58 days at the end of the third quarter. "We've been reducing our own inventories to reduce financial risk and because we didn't have customer demand," Aylesworth explained, adding that he expects the company's inventory level to bottom in the fourth quarter. ============================================ ============================================ Wednesday October 17, 9:00 pm Eastern Time Siebel 3rd quarter earnings down 48 percent By Lisa Baertlein PALO ALTO, Calif., Oct 17 (Reuters) - Software maker Siebel Systems Inc. (NasdaqNM:SEBL - news) on Wednesday posted third-quarter earnings that were down 48 percent and at the low end of Wall Street's reduced expectations as key software license revenue tumbled. ``Since Sept. 11 we have faced an environment for information technology that has been as difficult as any in the history in the information technology industry,'' said Tom Siebel, founder and chief executive of the San Mateo, California-based company, which is the No. 1 vendor of customer service and sales software. Siebel shares, which already had fallen 19 percent in regular Nasdaq trade, continued to slide after the results were announced. The stock settled near $16.44 in after-hours trade on Instinet, taking its full-day loss to nearly 28 percent. In an interview with Reuters, Siebel said he expected business to pick up in the middle of next year as monetary and fiscal policies aimed at stimulating U.S. and European economies begin to have an impact. During the company's conference call with analysts, Siebel said he was comfortable with analysts' published estimates of license revenue between $225 million to $300 million and earnings per share of 9 cents to 14 cents. For 2002, he said the company was comfortable with license revenue estimates between $865 million and $1.4 billion, and continued operating margins of 20 percent. REVENUE DECLINES FOR FIRST TIME Siebel's total revenue fell to $428.5 million from $496.5 million in the third quarter of last year -- the first such year-over-year decline in the company's 8-year history. License revenue, a closely watched measure of software company performance, came in at $193.5 million, versus $308.8 million a year ago to land well short of the company's originally forecast range of $250 million to $350 million. Siebel slashed costs to turn in net income of $35.2 million, or 7 cents a share. That was down from $67.5 million, or 13 cents, in the year-earlier quarter ended Sept. 30. Between the second and third quarters, the company said it cut expenses by $55 million and trimmed 200 jobs to bring its work force to 7,826 at Sept. 30. Siebel, which makes a practice of cutting the bottom 5 percent of performers, said head counts could fall to around 7500 in the fourth quarter. The company's results -- which do not exclude any of the special charges taken by many technology companies -- fell at the bottom end of analysts' forecasts for earnings of 5 cents to 14 cents and missed analysts' average estimate for earnings of 9 cents on revenue of $490.8 million, according to research firm Thomson Financial/First Call. ``Our earnings, there's no hocus-pocus, there's no pro forma, they're real,'' said Siebel. Nevertheless, the Siebel results sent a chill through the analyst community, which had already been slashing software company forecasts due to weak corporate spending and the negative economic impact of the deadly Sept. 11 attacks on the Pentagon and World Trade Center. ``It's bad news for the sector,'' said Morgan Stanley analyst Chuck Phillips. ``It says that the demand environment is very, very poor,'' Banc of America Securities analyst Bob Austrian said. ``Estimates on the Street arguably have to come down further.'' COMPETITIVE FACTORS Siebel is known as one of the best-run software companies in the industry. Its sales and marketing staff is considered first-rate and, until recently, the company had a virtual lock on the customer relationship management (CRM) market. While the economy is partly to blame for Siebel's weaker third-quarter showing, analysts said there were other factors at play. ``The bad news is Siebel has more competition from SAP , Oracle (NasdaqNM:ORCL - news) and PeopleSoft (NasdaqNM:PSFT - news),'' said Robertson Stephens analyst Eric Upin. Each of the company's new rivals is a big player in the business management software arena and is making a major push into the CRM giant's backyard. ``There is a very interesting cat fight there over who gets to be in second place,'' said Siebel, who added that he did not see anyone making gains against his company's mature, industry-specific product offerings that account for 76 percent of license revenue. ``I suspect whoever's in second place will end up with about 15 percent market share,'' Siebel said. Meanwhile, Siebel's stock has lost more than 74 percent of its value since the start of the year, an even more bruising fall than the 53 percent decline over that period recorded by rival Oracle. ============================================ ============================================ Wednesday October 17, 5:28 pm Eastern Time Extreme's CEO says overseas business growing (UPDATE: updates with CEO comments, background throughout) SANTA CLARA, Calif., Oct 17 (Reuters) - Extreme Networks Inc. (NasdaqNM:EXTR - news), a broadband network equipment maker, on Wednesday reported fiscal first-quarter financial results beating analysts' expectations, a result of keeping existing customers and gaining new ones, especially in Japan and China. Shortly after the after-market hours announcement, Gordon Stitt, Extreme's chief executive, told Reuters that Korea also is a proving to be a growing market for the Santa Clara, Calif.-based manufacturer of Ethernet switches for networks. Also, Europe in general, but especially Germany, is providing Extreme with solid business, Stitt said. ``As we look out six, twelve months, people are doing a lot more communicating, not less,'' Stitt said. ``Infrastructure is a critical part of the world economy.'' In the United States, Extreme's business remains stable, though the company did feel some pressure from the deadly Sept. 11 attacks, Stitt said, adding, however, ``We were able to effectively manage in the storm.'' Excluding one-time charges, Extreme said it broke even in its fiscal first quarter, compared with earnings of $9 million, or 8 cents per share, a year earlier and a loss of 1 cent per share that analysts polled by Thomson Financial/First Call on average expected. Net revenues for the quarter ended Sept. 30 totaled $108.3 million compared with $119.3 million a year ago and the $107.4 million to $118 million range forecast by analysts. Extreme shares on Wednesday fell $1.67, or 12 percent, to close at $12.20, marking a 109 percent gain from their all-time low of $5.85 on Sept. 27. As of Wednesday's closing price, Extreme shares were off 91 percent from their record high of $128.88 on Oct. 17, 2000. Extreme said its actual net loss for its fiscal first quarter was $36 million, or 32 cents a share, including a $40.1 million charge, amortization of goodwill and intangible assets, and $14.7 million in deferred compensation. That compares to net income in the same quarter last year of $4.5 million, or 4 cents per share. Extreme in July forecast that for the fiscal year ending June 2002, its revenues would grow 10 to 11 percent to between $540 million to $545 million from $491 million in its most recent fiscal year. ====================================== ====================================== Wednesday October 17, 8:31 pm Eastern Time Apple Hits Target but Wary on Future By Peter Henderson SAN FRANCISCO (Reuters) - Apple Computer Inc. (NasdaqNM:AAPL - news) said on Wednesday it had made its quarterly profit target despite slowing sales after the Sept 11 attacks, but it cut its current quarter earnings goal to nearly half what Wall Street had expected, fearing the holiday season would fall flat. Apple's new retail stores would lose money in the current quarter rather than breaking even, and business as a whole was suffering since the attacks on the World Trade Center and the Pentagon, Chief Financial Officer Fred Anderson said. The company looked to offset some of that disappointment by promising what could be its first major hardware offering outside its flagship Macintosh computer line since the Newton handheld in 1993, but Anderson made no promises sales would jump. ``The consumer needs to show up for the holiday season for the personal computer industry to do well in the December quarter,'' Anderson said in a conference call. ``We are cautious.'' Cupertino, California-based Apple reported fourth-quarter operating earnings of $65 million, or 18 cents per share, down 40 percent from $108 million, or 30 cents per diluted share, in the year-earlier quarter. Sales for the period ending in September dropped to $1.45 billion from $1.87 billion. Apple, one of the few PC-makers that had not warned about its results in recent weeks, had targeted a slight increase from third-quarter earnings of 17 cents per share and sales of $1.475 billion. Analysts polled by Thomson Financial/First Call had expected on average that Apple would report operating profit 16 cents per share on sales of $1.48 billion. Anderson forecast December-quarter revenues of at least $1.4 billion and earnings per share of at least 10 cents. Wall Street's consensus had been 18 cents. ``You've got to give them credit for what is in the rear view mirror,'' said Mark Specker, an analyst at SoundView Technology, but he said the outlook was gloomy. ``I don't really see it as being Apple specific,'' he said, ''They are facing down the same market as, for example, Intel (Corp (NasdaqNM:INTC - news)) which didn't choose to be particularly optimistic on its December guidance either.'' Including investment gains, fourth quarter net profit fell to $66 million, or 19 cents per diluted share, from $170 million, or 47 cents per share in the year-ago quarter. Apple shares rose to $17.18 in after hours trade from a close of $16.99 on Nasdaq, where they lost 6 percent for the day. Apple is up about 14 percent this year, putting it in a select group of technology stocks that have risen in that period. But No. 1 PC-maker Dell Computer Corp (NasdaqNM:DELL - news) has gained 33 percent over the same period and at $16.99, its Nasdaq close on Wednesday, it is a fraction of its March 2000 high of more than $70. WHAT'S THE BREAKTHROUGH? Despite the consumer slowdown, Apple research and development is humming, Anderson said. The company which introduced the mouse to the world on its 1984 Macintosh and rebuilt its reputation with products like its titanium-clad notebook, has tongues wagging again. Apple teased loyal users that it would unveil a ''breakthrough digital device'' next week, setting off speculation among aficionados that a handheld device and digital music player was about to be unveiled. ``They are guiding down (the earnings target), but you have this 'gee, well what is the going to be' new product on Tuesday. That's the story,'' said Bear Stearns analyst Andy Neff. Apple in an invitation to a launch said it had a new digital device. ``It's not a Mac,'' the company hinted. Speculation centers on a handheld computer that could record and play music, which would work with or incorporate the popular iTunes jukebox software, although the company declined to comment. Specker said Apple's innovation and $4.3 billion cash stockpile -- more than IBM's -- would buffer it during hard times. ``It has a small market share with a psycho following and they can charge a big premium for their product,'' he said. TOUGH QUARTER But Anderson said the new retail store chain would lose money in the current, first fiscal quarter and fiscal 2002. ``We now expect that the slowdown in retail that everyone's experienced since the attack of Sept. 11 will result in our reporting a small loss for our retail stores for the December quarter rather than the break-even results we had previously expected,'' Anderson told Reuters in a telephone interview. Apple's quarter went out with a whimper, not the usual bang: sales in the first two months of the quarter looked good but fell sharply after the Sept. 11 attacks, executives said. Apple was not alone, though. Analysts Gartner Inc and International Data Corp both said PC shipments fell by more than 10 percent in the third quarter from a year earlier. ``The U.S. market is still greatly depressed from year-ago levels and is likely to continue to remain weak for at least several more quarters,'' IDC analyst Roger Kay said.