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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (34800)10/19/2001 12:23:14 AM
From: Clint E.  Respond to of 68211
 
10/18 1652.72 +6 (+0.39%) @ 1.8B --- Pre_MSFT

Message 16527320
Message 16527329
Message 16527342

U.S. blue chips slip, techs edge up in jittery market
(UPDATE: Updates with after-hours trading in paragraphs 8 and 9)
Technology stocks eked out gains on Thursday but the broad market fell on jitters about widening anthrax scares and downbeat earnings from bellwethers like McDonald's Corp (NYSE:MCD - news) and General Motors Corp. (NYSE:GM - news)


``There are still unfortunately a lot of unknowns,'' said Michelle Clayman, chief investment officer at New Amsterdam Partners, which oversees $1.3 billion. ``We have this whole anthrax issue ... and we are coming into earnings season. Even though everybody has been talking about how weak earnings are, it's still a shock when the news rolls on the tape.''

Also unnerving Wall Street was economic data showing a rise in the number of Americans claiming jobless benefits and a bigger-than-expected drop in U.S. manufacturing in the U.S. mid-Atlantic region. This came hard on the heels of a report this week that industrial production fell last month. Such negative statistics raise concern that a rebound in the economy may be further out than thought.

This week marks the heart of the third-quarter earnings reporting season, but gnawing fears over bioterrorism are grabbing the spotlight. Anthrax anxiety drove stocks down on Wednesday and deflated an early rally sparked by positive earnings.

Investors are wary of stocks. Mutual fund holders yanked a record $32 billion out of stock funds in September, as the attacks on New York and Washington triggered a big market selloff, fund tracking company Lipper Inc. said.

The Dow Jones industrial average (^DJI - news) slumped 69.75 points, or 0.76 percent, to end at 9,163.22 after Wednesday's 1.6 percent loss and the broader Standard & Poor's 500 Index (^SPX - news) was down 8.48 points, or 0.79 percent, at 1,068.61. The technology-laced Nasdaq Composite Index (^IXIC - news) rose 6.38 points, or 0.39 percent, to 1,652.72, after moving sideways all day and slumping 4.4 percent on Wednesday.

Stocks had crept higher in the past three weeks as investors clung to hopes that more U.S. government spending and lower interest rates will revive the economy and corporate profits. Some of that enthusiasm carried over to technology stocks on Thursday.

Microsoft Corp. (NasdaqNM:MSFT - news) rose 72 cents to $56.75 as investors bet on upbeat earnings from the software giant due after the bell. Microsoft posted a lower quarterly profit but higher revenues on strong corporate software sales and saw its shares rise to about $57.60 in extended hours trading.

Other tech companies also gained after the bell after they reported results that met or beat Wall Street estimates. They included software firm PeopleSoft Inc. and communications chip maker Applied Micro Circuits Corp. (NasdaqNM:AMCC - news).

McDonald's fell 16 cents to $29.24, weighing on the blue chip Dow index. The world's largest restaurant chain's profits slipped 1 percent, despite a recovery from the effects of mad cow disease that hit its European sales.

General Motors, also a Dow component, fell 75 cents to $42.02. The world's largest automaker reported a 54 percent drop in earnings, reflecting the sharp fall in U.S. car sales and the costs of cheap loans to customers.

Merck & Co. Inc. (NYSE:MRK - news), the world's No. 3 drugmaker, dropped $2.75 to $66.30. The company, which also is a Dow component, said profits rose 6 percent, but also cited sluggish sales of its blockbuster Vioxx arthritis drug.

``Until the earnings are out of the way and we get past the anthrax scares and get some progress on the terrorism front, it will be hard for investors to sustain the kind of confidence they need to really continue that rally,'' said Linell McCurry, executive vice president at Walnut Asset Management, which oversees $750 million.

Anthrax contamination has forced the unprecedented closing of much of the U.S. Congress, and more cases are surfacing.

A person working at CBS-TV News in New York tested positive for skin anthrax, the third major TV network to be exposed. A New Jersey postal worker has become the sixth person in United States to test positive for anthrax, a federal official said on Thursday. Kenya said a letter sent to a Nairobi businessman tested positive for the potentially deadly bacteria, marking the first such case outside of the United States.

Analysts are predicting the third quarter will bring the worst drop in Corporate America's profits in a decade as the economy struggles to escape recession.

The latest economic data continued to paint a bleak economic picture. Manufacturing activity in the mid-Atlantic decelerated at a faster pace in October, falling near lows hit early in the year, said a survey by the Federal Reserve Bank of Philadelphia that was conducted after the Sept. 11 attacks.

The Philadelphia Fed said its monthly business conditions index plunged to minus 27.4 in October from minus 7.3 in September, its 11th straight month of contraction. Economists had expected a reading of minus 15.3. A reading below zero indicates economic shrinkage -- not growth. The index hit a decade low of minus 36.8 in January.

The lines grew longer at U.S. state unemployment benefit offices last week, the government reported, as more workers are ending up jobless in an economy hit hard by the attacks. The Labor Department said the number of initial jobless claims increased by 6,000 to a seasonally adjusted 490,000 for the week ended Oct. 13, well above Wall Street's expectations.

Sprint Corp. (NYSE:FON - news), the No. 3 U.S. long-distance telephone company, slumped $1.94 to $20.05. The company reported a loss and cut 6,000 jobs. Sprint's wireless arm Sprint PCS Group (NYSE:PCS - news) fell $2 to $24.45 and was the most active issue on the New York Stock Exchange. It said it added more subscribers than expected in the third quarter. The stock has outperformed the S&P 500 index over the past year.


Symbol      Last Trade              Change             Volume    Avg Vol       Open      Day's Range          52-week Range            P/E
^DJI     4:19PM      9163.22 -69.75     -0.76%        N/A        N/A    9230.75    9134.30    9233.94    8062.34   11350.05        N/A
^IXIC    5:16PM      1652.72 +6.38     +0.39%        N/A        N/A    1648.69    1634.72    1668.00    1387.06    3535.11        N/A
QQQ      4:15PM        33.33 +0.88     +2.71% 94,448,304        N/A       0.00      32.09      33.54    27.2000    87.8750        N/A
^NDX     5:15PM      1330.33 +15.53     +1.18%        N/A        N/A    1315.34    1302.75    1344.43    1088.96    3514.96        N/A
^SPX     Oct 17      1068.61 -8.48     -0.79%        N/A        N/A       0.00    1064.63       0.00     944.75    1438.46        N/A
^SOXX    4:47PM       417.75 -10.87     -2.54%        N/A        N/A     428.62     410.31     429.07     343.93     801.05        N/A
^VIX     Oct 17        37.02 -0.21     -0.56%        N/A        N/A       0.00      37.00      38.56      13.38      57.31        N/A
*DOW*  No such ticker symbol. Try Symbol Lookup (Look up: *DOW*)
UTX      4:01PM        50.40 -1.60     -3.08%  3,255,500  3,146,454       0.00      49.98      51.46    40.1000    87.5000      13.06
IBM      4:00PM       101.26 -1.64     -1.59% 10,697,000  8,390,727       0.00     100.78     103.75    80.0625   119.9000      22.87
HWP      4:02PM        17.60 -0.41     -2.28% 11,849,200  8,971,545       0.00      17.50       0.00    12.5000    49.9063      26.10
MRK      4:04PM        66.30 -2.75     -3.98%  7,105,300  5,281,772      67.65      66.07      67.95    60.3500    96.6875      22.87
JPM      4:00PM        34.14 -0.46     -1.33%  6,970,300  7,771,590       0.00       0.00      34.99    29.0400    57.3300      19.22
C        4:02PM        46.50 -0.06     -0.13% 11,237,100 13,011,863      46.16      46.00      46.75    34.5100    57.3750      18.22
AXP      4:02PM        30.09 +0.04     +0.13%  4,706,200  6,268,818      30.15      29.85      30.28    24.2000    61.4375      19.19
WMT      4:01PM        51.90 -0.32     -0.61%  7,829,100  8,018,772      52.33      51.42      52.33    42.0000    58.7500      36.67
GE       5:01PM        37.25 +0.10     +0.27% 15,152,600 22,019,544       0.00      36.85      37.45    28.5000    57.8750      27.18
*BANK_BRKR* No such ticker symbol. Try Symbol Lookup (Look up: *BANK_BRKR*)
BAC      4:03PM        57.00 -0.10     -0.18%  4,917,700  6,305,954       0.00      56.76      57.74    36.3125    65.5400      15.21
WFC      4:01PM        39.07 +0.22     +0.57%  8,594,000  4,502,454       0.00       0.00      39.30    38.2500    56.3750      19.99
MER      4:00PM        45.29 +1.06     +2.40%  7,247,000  6,085,045       0.00      45.15      45.79    33.5000    80.0000      13.21
MWD      4:01PM        51.35 -1.16     -2.21%  5,678,600  4,684,272       0.00      51.18      53.85    35.7500    90.4900      15.26
AGE      4:00PM        38.50 -0.50     -1.28%    355,700    385,590       0.00      38.32      39.48    29.7600    52.1875      16.85
BSC      4:00PM        53.25 -0.49     -0.91%    977,000    815,090      53.90      52.95      54.36    40.6500    64.4500      11.71
LEH      4:00PM        59.51 -1.29     -2.12%  2,514,400  2,228,818       0.00      59.37      61.60    43.5000    86.2000      11.30
*WIRELESS* No such ticker symbol. Try Symbol Lookup (Look up: *WIRELESS*)
QCOM     4:00PM        47.39 +0.75     +1.61% 16,679,800 15,055,090      47.53      46.20      48.67    38.3100   107.8125        N/A
NOK      4:01PM        18.78 -0.72     -3.69% 11,742,100 12,941,727       0.00      18.50       0.00    12.7000    53.7500      27.08
MOT      4:02PM        17.90 +0.19     +1.07%  9,654,600 10,641,045      17.71      17.37      17.95    10.5000    26.2500        N/A
PCS      4:02PM        24.45 -2.00     -7.56% 31,120,500  9,817,409       0.00      24.20      27.00    15.7200    39.1875        N/A
TPC      4:02PM        33.60 -1.30     -3.72%    131,700    214,136      34.90      33.40      34.90    26.5625    52.7500        N/A
RIMM     3:59PM        17.22 +0.46     +2.74%  4,191,900  3,235,181      16.89      16.03      17.36    13.7000   132.6875        N/A
LWIN     4:00PM        14.15 -0.23     -1.60%    323,600    951,909      14.47      13.82      14.72    12.7000    54.0625        N/A
DISH     4:00PM        25.11 -0.02     -0.08%  4,904,200  3,120,636      24.96      24.69      26.20    19.4900    48.0000        N/A
PROX     3:59PM         7.50 -0.29     -3.72%    464,400    762,954       7.74       6.96       7.80     5.6250    68.5000        N/A
*NETWRK_HW* No such ticker symbol. Try Symbol Lookup (Look up: *NETWRK_HW*)
A        4:01PM        22.70 -0.92     -3.90%    995,000  1,743,136       0.00      22.53      23.30    18.0000    68.0000      24.86
SUNW     4:00PM         8.88 +0.08     +0.91% 49,130,000 45,139,908       8.91       8.59       9.10     7.5200    61.0000      30.34
CSCO     4:00PM        16.72 +1.12     +7.18% 72,700,600 68,082,320      15.75      15.47      16.78    11.0400    59.4375        N/A
NT       4:00PM         5.92 -0.03     -0.50%  8,270,900 14,100,500       5.91       5.81       6.02     4.7600    70.0000        N/A
LU       4:01PM         6.88 +0.01     +0.15% 15,988,300 25,084,864       6.94       6.79       7.07     5.0000    25.6875        N/A
JNPR     4:00PM           23 +1.87     +8.85% 36,164,100 14,874,545      20.91      20.31      23.05     8.9000   244.5000     140.87
EXTR     3:59PM        10.78 -1.42    -11.64% 13,893,400  5,564,863      10.90      10.15      11.12     5.8500   128.8750        N/A
CIEN     3:59PM        16.88 +1.02     +6.43% 25,807,600 16,957,818      16.01      15.23      16.93     9.2000   151.0000     141.61
GLW      4:02PM         8.02 -0.14     -1.72%  8,277,500  7,585,000       0.00       7.97       8.69     6.9200   107.0000        N/A
JDSU     4:01PM         8.24 +0.12     +1.48% 27,117,000 28,284,044       8.23       8.01       8.65     5.1200   104.5625        N/A
ONIS     3:59PM       6.3588 -0.6012     -8.64%  1,844,700  5,724,363       6.95       6.24       7.04     3.5000    82.5000        N/A
AFCI     4:00PM        20.12 -1.01     -4.78%  1,729,500  2,186,409      21.17      19.60      21.84    11.8750    38.7500       8.93
DIGL     4:00PM         6.44 -0.42     -6.12%    938,900  1,542,818       6.86       6.23       6.87     4.9000    73.1250       6.71
NUFO     4:00PM         3.19 -0.18     -5.34%    402,000    832,909       3.24      3.095       3.25     2.1000    91.4375        N/A
EXFO     3:59PM        12.27 +0.27     +2.25%    132,400    170,909      11.95      11.17      12.42     7.0000    51.5000        N/A
SCMR     3:59PM         4.84 -0.26     -5.10%  1,668,700  2,416,954       5.07       4.53       5.08     3.0000    95.0000        N/A
CORV     3:59PM         2.14 -0.1602     -6.96%  3,440,700  3,640,772       2.29       2.03       2.34     1.1900    71.7500        N/A
MRVC     4:00PM         4.14 -0.16     -3.72%  1,016,500  1,168,545       4.28       4.05       4.33     2.2500    52.0625        N/A
AVCI     3:59PM         2.93 +0.01     +0.34%    667,100  1,022,363       2.85       2.53       2.93     1.1000    91.6250        N/A
RBAK     4:00PM         3.20 -0.11     -3.32%  5,818,200  3,973,318       3.40       2.75       3.50     1.1700   144.2500        N/A
AVNX     4:00PM         4.55 -0.34     -6.95%    575,400    721,454       4.94       4.51       4.95     2.7000   131.0000        N/A
NEWP     4:00PM        16.61 +0.32     +1.96%    873,100  1,266,090      16.37      16.15      16.96    11.9100   173.0000        N/A
EMC      5:01PM        11.24 +0.03     +0.27% 25,627,400 20,468,228      11.05      11.02      11.40    10.0100   100.8750     203.82
BRCD     4:00PM        22.41 +1.10     +5.16% 18,549,600 13,931,545      21.64      20.11      23.75    12.6000   133.7188      62.68
EMLX     4:00PM        20.05 -0.96     -4.57% 10,927,300  5,365,818      20.16         19      21.74     8.4000   109.7500        N/A
NTAP     3:59PM        10.50 +0.45     +4.48%  6,739,300  8,001,000      10.05       9.87      10.80     6.0000   152.7500      50.76
MCDT     3:59PM        12.90 -1.10     -7.86%  1,359,100        N/A      13.77      12.05      13.77     7.0400   132.5000     164.71
STOR     4:00PM        6.025 -0.395     -6.15%  4,530,200  2,941,000       6.90       5.70       6.91     3.6500    86.6875        N/A
TLAB     4:00PM        12.46 -0.57     -4.37%  8,231,000  6,467,500      12.94      12.34      13.33     8.9800    68.5000      28.57
SFA      4:03PM        17.20 -0.45     -2.55%  2,670,300  2,801,954       0.00      16.52       0.00    15.7500    71.8750       8.87
CMVT     4:00PM        18.10 -0.30     -1.63%  4,547,800  5,570,136      18.60      17.75      18.69    16.6290   124.7500      13.05
ADCT     4:00PM         4.94 +0.25     +5.33%  9,918,400  8,535,227       4.60       4.60       4.96     2.6300    28.1250        N/A
GSPN     4:00PM        10.33 -1.23    -10.64%  2,170,500  1,723,000      11.70      10.30      11.76     7.9000   120.5000        N/A
TLGD     4:00PM           26 -1.90     -6.81%    530,400    181,909      26.61         25      26.62    15.2500   126.4375      19.27
*NTWRKINFRSTRCR* No such ticker symbol. Try Symbol Lookup (Look up: *NTWRKINFRSTRCR*)
ALGX     4:00PM         6.03 -0.26     -4.13%  1,129,600  1,933,772       6.54       6.03          7     2.7400    40.1875        N/A
LVLT     4:00PM         2.89 -0.25     -7.96%  4,004,500  5,688,681       3.18       2.72       3.19     1.8900    62.0000        N/A
ILUM     4:00PM        44.21 +2.46     +5.89%    806,800    794,772      42.13      41.53      44.25    13.0625    47.6000      37.28
MTZ      4:03PM         4.35 -0.63    -12.65%    217,900    292,045       0.00       4.35       0.00     4.3000    35.7500       7.32
DY       4:00PM        12.34 +0.04     +0.33%    210,900    317,181       0.00      12.02      12.40    10.5000    49.3750       8.54
PWR      4:05PM        16.48 -0.70     -4.07%    289,300    529,409      16.98      15.90      16.98     9.9400    38.9375      13.11
ANDW     4:00PM        18.51 -0.61     -3.19%    352,900    841,136      19.10      18.45      19.14    13.1875    27.5000      23.60
WFII     3:59PM         6.25 -0.55     -8.09%    158,700    481,090       6.90       6.27       6.90     3.3125    66.0000        N/A
*NETWRK_SW* No such ticker symbol. Try Symbol Lookup (Look up: *NETWRK_SW*)
MUSE     4:00PM        10.90 +0.40     +3.81%  3,652,700  3,454,090      10.36      10.11      11.42     5.3000   108.3750      36.33
OPWV     4:00PM         7.67 -0.22     -2.79%  6,571,200  7,390,818       8.09       7.50       8.21     6.5000   115.1875        N/A
VRSN     4:00PM        47.43 +2.00     +4.40%  9,200,700  9,268,863      45.98         45      47.69    26.2500   187.3125        N/A
CHKP     4:01PM        31.93 +2.81     +9.65% 14,568,400  8,943,000      28.67      27.90      32.15    19.5600   118.5834      24.21
ISSX     4:00PM        25.23 +3.38    +15.47%  5,594,300  1,474,181         22      21.57      25.85     8.3500   102.9375        N/A
NETE     4:00PM        14.82 +0.60     +4.22%    529,500  1,513,181      14.05      13.54      14.93     7.9000    80.8750      45.58
RSAS     4:00PM         9.56 -0.45     -4.50%  2,155,800  1,153,363      10.21       8.83      10.28     9.6100    44.3334       5.61
SNWL     4:00PM           16 +0.35     +2.24%  1,250,700    748,909      15.66      15.60      17.05     8.5000    26.8750        N/A
*SEMI-CAPX* No such ticker symbol. Try Symbol Lookup (Look up: *SEMI-CAPX*)
AMAT     4:00PM        31.60 -0.54     -1.68% 15,115,600 16,266,363      31.99         31      32.84    26.5900    59.1000      18.56
KLAC     4:00PM        34.88 -0.33     -0.94%  7,167,500  8,486,181      35.08      34.35      36.89    25.5000    61.0000      18.83
NVLS     4:00PM        29.17 -0.40     -1.35%  6,768,500  7,893,090      29.38      28.69      30.30    24.9375    58.7000      13.41
TER      4:01PM        20.00 -1.25     -5.88%  6,999,000  2,012,318      21.23      19.71      21.24    18.4300    47.2100      96.59
LRCX     4:00PM        17.54 -0.22     -1.24%  1,804,400  2,919,954      17.78      17.15      18.17    13.0000    33.7600      20.97
CCMP     4:00PM        55.99 -0.01     -0.02%    957,600  1,404,409      55.73      55.34      57.50    35.5000   100.1250      30.20
CMOS     4:00PM        11.93 -0.33     -2.69%    847,500  1,034,590      12.29      11.75      12.29    10.9500    30.8750        N/A
BRKS     4:00PM        32.02 -1.31     -3.93%    694,500    568,136      33.56      31.88     35.049    19.8750    65.1328      41.66
COHR     4:00PM        28.60 -0.25     -0.87%    115,700    161,318      29.81      28.45      29.81    25.0000    53.7500      10.09
EMKR     3:57PM        11.96 +0.11     +0.93%    207,600    605,318      11.68      11.24      12.05     7.6700    55.3750        N/A
CREE     4:00PM        16.07 -0.79     -4.69%  1,130,000  1,417,590      16.77      15.52      16.77    12.2100    64.1250      58.54
VECO     3:59PM        25.26 -1.85     -6.82%    274,700    434,636      26.77      25.26      27.60    19.9000    89.5000      21.18
CYMI     4:01PM        17.12 -0.38     -2.17%    154,200    387,545      17.51      17.01      17.68    14.1500    36.0000      10.46
NANO     3:56PM        20.21 -0.84     -3.99%     91,200    103,000      21.01      20.20      21.14    10.6250    36.6600      21.48
*SEMI* No such ticker symbol. Try Symbol Lookup (Look up: *SEMI*)
INTC     4:00PM        24.05 -0.52     -2.12% 49,945,300 48,741,816      24.60      23.70      24.75    18.9600    47.8750      45.67
AMD      4:01PM         9.50 -0.21     -2.16%  5,470,400  6,472,863       0.00       9.40       0.00     7.6900    34.6500      21.58
BRCM     4:00PM        29.94 +1.87     +6.66% 21,505,800 11,275,363         29      28.35      30.51    18.4000   256.1875        N/A
AMCC     3:59PM        10.67 +0.35     +3.39% 15,357,900 12,590,727      10.44      10.25      11.25     6.0105   109.2500        N/A
PMCS     4:00PM        16.62 +1.11     +7.16% 12,151,400 10,516,727         16      15.46     16.769     9.3700   211.2500        N/A
VTSS     4:00PM         9.20 +0.21     +2.34%  4,270,300  5,334,272       8.95       8.85       9.39     6.6500    84.8750        N/A
TXCC     4:00PM         4.08 -0.88    -17.74%  3,571,100  2,074,409       4.85       4.03       5.07     2.1500    74.6875        N/A
XLNX     4:00PM        26.44 -1.04     -3.78% 11,635,100  7,667,409      27.49      25.71      27.49    19.5200    79.5000        N/A
ALTR     4:00PM        18.50 -0.84     -4.34%  6,463,000  7,822,545      19.35      18.02      19.56    14.6600    42.5000      14.29
LSCC     4:00PM        17.65 -0.31     -1.73%  1,665,400  1,625,681      17.80      17.37      18.05    14.0400    29.6500      38.71
TXN      5:02PM        28.00 -1.91     -6.39% 18,567,100 10,429,227      27.80      26.60      28.44    20.1000    54.6875      94.65
ADI      4:03PM        35.80 -3.96     -9.96%  7,355,500  3,519,590      39.00      35.44      39.00    29.0000    83.5625      28.54
ISIL     3:59PM        32.02 -0.66     -2.02%  1,727,200  1,687,409      32.67      31.50    33.7757    13.5625    58.0625      56.34
DSPG     4:00PM        22.14 +0.09     +0.41%    150,600    264,954      22.50      21.80      22.75    13.5000    35.7500      21.88
STM      4:00PM        27.26 -0.09     -0.33%  2,181,300  1,569,090      27.49      26.70      27.64    17.8900    52.3750      24.18
QLGC     4:00PM        36.12 +2.32     +6.86% 16,601,900  8,307,909      33.26      32.70     36.611    17.2100   130.2500      46.94
LLTC     4:00PM        36.32 -0.72     -1.94%  5,632,000  5,415,090      36.60      35.15      37.32    29.4500    68.0625      33.37
MXIM     4:00PM        41.71 -0.33     -0.78%  5,641,600  5,459,818      41.56         40      42.05    32.2000    82.2500      45.20
ELNT     3:59PM        27.35 -1.29     -4.50%    438,000    537,590      28.81      27.06      29.15    17.5000   123.0000      31.13
NSM      4:00PM        25.56 -0.40     -1.54%  1,973,300  2,490,409       0.00      24.83       0.00    17.1250    37.5000     102.20
RFMD     4:00PM        19.97 +1.48     +8.00% 18,960,100 10,426,454      18.93      18.89      20.44     8.7500    37.5000        N/A
AHAA     4:00PM        20.32 -0.02     -0.10%  4,336,100  2,186,000      19.04      18.64         21    13.0625    55.3750     107.05
TQNT     4:00PM        17.43 -0.59     -3.27%  5,206,100  3,698,863      18.18      16.98      18.30    10.2500    61.5625      26.12
MCRL     4:00PM        22.55 -0.76     -3.26%    418,800    883,954      23.45      22.35      23.79    17.1000    59.1875      43.17
MU       4:01PM        19.75 -0.91     -4.40%  7,534,400  7,351,636       0.00      19.05      20.75    16.3900    49.6100        N/A
RMBS     4:00PM         8.99 -0.11     -1.21%  4,043,100  2,937,181       9.22     8.7708       9.30     4.8600    72.8750      31.38
IDTI     4:00PM        23.20 -1.95     -7.75%  3,931,800  2,241,454      25.31      23.17         26    17.1600    90.2500       8.43
LSI      4:01PM        15.70 -0.24     -1.51%  3,737,100  3,991,318       0.00      15.26      16.20     9.7800    33.0000        N/A
NVDA     4:00PM        43.46 +1.76     +4.22%  8,521,800  6,618,363      41.70      41.60      43.87    13.7500    50.0000      57.72
ARMHY    3:59PM        13.40 -0.61     -4.35%    485,100    465,590      13.81      13.05      13.81     8.3900    33.5000      94.66
*SW*   No such ticker symbol. Try Symbol Lookup (Look up: *SW*)
MSFT     4:00PM        56.75 +0.72     +1.29% 39,262,300 33,977,228      56.34      55.50      57.58    40.2500    76.1500      40.31
ORCL     4:00PM        14.26 +0.60     +4.39% 40,798,900 40,277,864      13.71      13.59      14.46    10.1600    37.0000      30.36
SEBL     4:00PM        17.11 -0.27     -1.55% 41,755,400 15,273,954      16.06         16      17.83    12.2400   119.8750      34.35
VRTS     4:00PM        27.30 +1.04     +3.96% 15,227,100 14,665,500      25.89      25.83      28.02    17.3000   166.8750        N/A
MERQ     4:00PM        24.14 +1.20     +5.23%  7,028,100  4,287,363      22.84      22.57      24.42    18.0000   147.0000      30.83
ITWO     4:00PM         4.45 +0.16     +3.73%  7,564,900 12,583,772       4.27       4.11       4.55     2.9800    96.1250        N/A
PSFT     4:00PM        24.30 +1.11     +4.79% 13,831,800  9,906,409      22.58         22      24.30    15.7800    53.8750      36.75
RATL     4:00PM           13 +0.45     +3.59%  3,008,500  3,315,772      12.56      12.55      13.19     7.5100    66.2500        N/A
BMC      4:01PM        15.69 -0.12     -0.76%  1,909,500  1,848,545      15.41      15.41      15.65    11.5000    33.0000        N/A
CA       4:01PM        27.92 +0.02     +0.07%  1,501,500  1,977,909       0.00      27.25      28.37    18.1250    39.0300        N/A
CTXS     3:59PM        23.17 +0.09     +0.39%  3,283,600  4,847,954      22.75      22.70      23.88    15.8125    37.1875      47.78
ADBE     4:00PM        29.18 +0.40     +1.39%  2,452,200  4,039,318      28.63      28.37      30.09    22.2000    87.3125      29.22
ERTS     4:00PM        54.17 +1.47     +2.79%  2,933,000  2,921,772      53.07      53.05      54.84    31.0000    63.7500        N/A
*NET*  No such ticker symbol. Try Symbol Lookup (Look up: *NET*)
EBAY     4:00PM        59.05 +1.96     +3.43%  8,450,500  7,494,590      57.31      57.20     59.679    26.7500    71.2990     189.04
TMPW     4:00PM        30.99 -0.40     -1.27%  1,915,400  2,824,909      31.50      30.22      31.71    25.2100    75.4375      55.07
AOL      4:01PM        29.90 -0.91     -2.95% 26,357,300 16,755,909       0.00      29.39       0.00    27.4000    58.5100      74.06
YHOO     4:00PM        11.27 -0.09     -0.79%  7,320,000  8,292,272      11.49      11.08      11.84     8.0200    70.6250        N/A
RETK     4:00PM        20.65 +1.09     +5.57%  1,007,700  1,181,181      19.55      19.05      20.75    11.4500    48.0000        N/A
GMST     4:00PM        19.64 -0.22     -1.11%  3,825,000  4,276,272      19.86      18.75      20.18    16.0500    75.6250        N/A
CTSH     3:59PM        27.34 -1.28     -4.47%    123,600    128,409      28.74      25.58      28.74    17.7000    53.7500      25.95
NNDS     3:46PM        26.48 -1.62     -5.77%     16,200     52,409       0.00      25.70       0.00    17.3000    80.0000      83.63
INTU     3:59PM        37.25 +0.59     +1.61%  1,955,100  2,799,272      36.80      36.55      37.80    22.6250    69.3125        N/A
QSFT     3:59PM        15.42 +0.34     +2.25%    476,300  1,376,727      15.18      14.90      16.61     9.7000    61.6250        N/A
CKFR     4:00PM        17.86 +0.15     +0.85%    353,500    707,863         18      17.40      18.20    14.5500    62.5000        N/A
HOMS     3:59PM         6.14 +0.29     +4.96%  1,610,200  2,409,590       5.84       5.61       6.30     4.7600    43.0000        N/A
SRNA     4:00PM        15.50 -0.05     -0.32%    327,500    544,909      15.57      15.35      15.95     5.4688    58.3125      27.47
TLRK     3:59PM           21 +0.40     +1.94%    122,300    144,227      20.47      20.36         21    15.9500    35.1250        N/A
NTIQ     3:58PM        30.30 +0.71     +2.40%    790,600  1,068,590      29.57      28.93      31.39    13.5000   111.5000        N/A
DMRC     3:51PM        11.55 -2.33    -16.79%    251,700     84,090      13.35      11.01      13.35     9.0000    28.2000        N/A
SMMX     3:54PM        17.16 +0.31     +1.84%     39,200    122,500      16.99      16.39      17.17    11.6600    50.4375    2106.25
DGIN     3:54PM        11.70 -0.21     -1.76%    118,200    247,681      11.94      11.65      12.09     6.9375    27.0625        N/A
MACR     4:00PM        15.21 +1.19     +8.49%    739,400    578,181      14.15      14.07      15.43    11.3000    85.2500        N/A
OVER     4:00PM        18.60 +0.05     +0.27%    379,500    815,272      18.57      18.40      19.05     4.8125    28.2810        N/A
WEBM     4:00PM            9 -0.25     -2.70%    329,700  1,224,681       9.24       8.72       9.65     6.1300   103.2500        N/A
VRTY     4:00PM        11.59 +0.37     +3.30%    201,500    493,590      11.45      11.19         12     7.0000    32.7500      17.24
*ECM*  No such ticker symbol. Try Symbol Lookup (Look up: *ECM*)
SANM     4:00PM        14.56 -0.64     -4.21%  7,125,600  7,936,909      15.20      14.43      15.24    11.6400    60.5000      16.95
JBL      4:01PM        21.80 -1.45     -6.24%  1,395,000  2,078,090       0.00      21.78       0.00    14.0000    60.0000      39.41
FLEX     4:00PM        20.08 -0.36     -1.76%  7,889,200  7,939,000      20.40      19.79      20.92    12.3750    43.0000        N/A
SLR      4:00PM        14.00 -0.33     -2.30%  5,144,600  6,104,318       0.00      13.94       0.00     9.9100    52.6250        N/A
SCI      4:02PM        19.81 -0.92     -4.44%    744,600  1,391,454      20.60      19.56      20.60    15.5300    47.0000      30.49
*DRUG* No such ticker symbol. Try Symbol Lookup (Look up: *DRUG*)
IDPH     4:00PM        53.39 +1.48     +2.85%  2,248,500  3,404,363         52      50.70      53.40    32.6250    77.6451     103.82
PDLI     4:00PM        28.36 +1.36     +5.04%  2,188,700  1,937,954      26.98      26.80     28.801    16.2500    73.1250     568.42
GILD     4:00PM        62.77 +2.89     +4.83%  3,360,300  2,031,818      60.15         60      63.60    24.8750    65.2900        N/A
SEPR     4:01PM        43.50 +0.92     +2.16%    726,500    839,136      42.55      42.51      43.66    23.4500   121.7500        N/A
IVGN     4:00PM        68.51 -2.40     -3.38%    731,100    881,590      70.11      68.35      70.77    38.5000    87.4375        N/A
AFFX     3:59PM        18.76 -0.10     -0.53%    453,300  1,016,409      18.99      18.50      19.12    13.9800    92.0000        N/A
HGSI     3:59PM        36.61 +0.37     +1.02%  2,397,300  2,753,272      36.35      35.32      36.92    26.4100   106.8594        N/A
AMGN     4:00PM        59.10 +0.09     +0.15%  7,034,800  7,831,636      58.99      58.45      60.14    45.4375    75.0625      53.16
VRTX     4:00PM        22.45 +0.25     +1.13%    732,900  1,062,909      22.20      22.14      22.85    15.5000    99.2500        N/A
MLNM     4:00PM           22 +0.33     +1.52%  1,995,000  2,904,909      21.56      21.46      22.72    15.6300    89.8125        N/A
BGEN     4:00PM        55.84 +0.47     +0.85%  2,085,900  3,101,863         55      54.80      56.05    48.0000    75.0000      29.64
MEDI     4:00PM        37.59 +0.94     +2.56%  2,496,200  2,663,500      36.64      36.50      38.10    27.6250    72.6250      51.04
*MISC* No such ticker symbol. Try Symbol Lookup (Look up: *MISC*)
DELL     4:00PM        23.22 0.00      0.00% 23,633,000 27,784,180      23.29      22.56      23.72    16.0100    33.0625      42.22
AAPL     4:00PM           18 +1.01     +5.94% 10,940,300  5,399,590      17.29      17.29     18.229    13.6250    27.1200        N/A
PLCM     4:00PM        30.96 -0.74     -2.33%  4,357,800  2,161,090         32      29.55      32.05    10.7500    72.2500      62.77
PLXS     4:00PM        26.09 -0.98     -3.62%    868,200    772,454         27      25.51      27.17    19.9375    78.3750      25.59
OPMR     3:59PM        24.35 -0.95     -3.75%    258,700    940,545      25.50      24.07      25.55    17.6400    53.5500        N/A
IART     3:57PM      28.8892 +0.7292     +2.59%    223,600    388,000      28.40      27.51      29.05     9.8750    32.1500        N/A
TUTR     3:58PM        23.52 -0.62     -2.57%     96,600    162,090       0.00      22.72      24.49    12.0625    36.4000      36.74
MDCI     3:59PM        19.07 +1.28     +7.20%    229,200    286,954         18      17.96      19.41     3.0000    21.6200      36.31



To: Clint E. who wrote (34800)10/19/2001 12:23:49 AM
From: Clint E.  Respond to of 68211
 
6:02AM Documentum (DCTM) 14.28 -0.32: Reports Q3 (Sep) loss of $0.20 per share, $0.01 better than the Multex consensus of ($0.21); revenues fell 13.3% year/year to $44.8 mln vs the $44.7 mln consensus. Company planning to reduce expenses by 6% to bring breakeven revenue down to $50 mln.

6:02AM Conexant (CNXT) 9.75 +0.74: Reports Q4 (Sep) loss of $0.54 per share, $0.02 better than the Multex consensus of ($0.56); reported Q4 revenue of $201 mln vs the Multex consensus of $189.2 mln. For FY01 reported pro forma net loss of $2.46 per share vs the Multex consensus for a net loss of $1.63 per share; revenue fell 47% year/year to $1.1 bln vs the Multex consensus of $1.05 bln. For Q1 projects 15% improvement in pro forma loss (or $0.45 per share) vs the consensus net loss of $0.44.

6:04AM MedImmune (MEDI) 37.59 +0.94: Reports Q3 (Sep) loss of $0.09 per share, $0.01 worse than the Multex consensus of ($0.08); revenues fell 23% year/year to $47.4 mln vs the $50.9 mln consensus; expects Q4 earnings of $0.45-$0.46 per share versus the current consensus estimate of $0.46 per share.

6:06AM SonicWALL (SNWL) 16.00 +0.35: Reports Q3 (Sep) earnings of $0.08 per share, in line with the Multex consensus of $0.08; revenues rose 50.8% year/year to $27.8 mln vs the $28.6 mln consensus. Company announces that Cosmo Santullo is the new CEO and President.

4:54PM Gateway (GTW) 5.39 -0.16: Reports Q3 net loss of $0.17 per share ex items, $0.02 worse than the consensus; reports Q3 revenue of $1.4 bln versus the consensus estimate of $1.3 bln; affirms its expectation to return to profitability in the fourth quarter on a pre-tax income basis.

4:53PM eBay (EBAY) 59.06 +1.97: -- Update -- Dow Jones reporting that EBAY offers Q4 guidance ranges of $0.11-0.12 EPS and $200-210 mln revenues; the midpoints of which are slightly below Multex consensus estimates are $0.12 and $209 mln.

4:51PM Teradyne (TER) 20.00 -1.25: Plans to offer $300 mln of Convertible Senior Notes due 2006 in a private placement, subject to market and other conditions.

6:03AM Guidant Corp (GDT) 39.27 -0.22: Reports Q3 (Sep) earnings of $0.40 per share, in line with the Multex consensus of $0.40; revenues rose 10.1% year/year to $661.6 mln vs the $653.1 mln consensus.

4:47PM THQ Inc (THQI) 54.00 2.50: Reports Q3 net of $0.14 a share, $0.03 better than consensus, vs yr-ago EPS of $0.06. Rev rose 28% to $68 mln. Company raising 2001 guidance to $1.43-$1.49 (mean $1.45).

6:04AM KLA-Tencor (KLAC) 34.88 -0.33: Reports Q1 (Sep) earnings of $0.44 per share, $0.01 better than the Multex consensus of $0.43; revenues rose 31.4% year/year to $502.8 mln vs the $474.0 mln consensus; company ended the quarter with over six months of backlog.

6:03AM Genesis Microchip (GNSS) 33.40 +0.48: Reports Q2 (Sep) earnings of $0.29 per share, $0.11 better than the Multex consensus of $0.18; revenues rose 140.3% year/year to $36.1 mln vs the $30.0 mln consensus; guides higher for Q3; sees Q3 revenues of over $36 mln versus the consensus estimate of $30 mln.

4:43PM Emulex (EMLX) 20.05 -0.96: Posts Q1 net of $0.09 a share, $0.01 better than consensus, vs yr-ago EPS of $0.17. Rev fell 5% to $52.7 mln (mean $51.5 mln). Company purchased 1 mln shares of its stock during the qtr at an avg price of $10.54 per share.

6:02AM Compuware (CPWR) 10.25 -0.14: Reports Q2 (Sep) earnings of $0.10 per share, in line with the Multex consensus of $0.10; reports Q2 revenues of $424.0 mln vs the consensus estimate of $421.4 mln.

4:40PM Microsoft (MSFT) 56.75 +0.72: -- Correction -- Original comment incorrectly reported Sep qtr revenues of $5.766 bln; that was the year-ago -- the correct figure was $6.126 bln, which was in line with expectations.

6:01AM Business Objects (BOBJ) 24.00 -1.25: Reports Q3 (Sep) earnings of $0.15 per share, $0.02 better than the Multex consensus of $0.13; revenues rose 15.3% year/year to $99.2 mln vs the $96.4 mln consensus. Company reaffirms Q4 guidance of $108-111 mln in revenues and EPS of $0.18-0.20 vs Multex estimates of $108.5 mln and $0.20.

4:38PM Xilinx (XLNX) 26.44 -1.04: Reports a Q2 pro forma loss of $0.13 a share vs a yr-ago profit of $0.32. The figure includes a "sizeable inventory write-down" of undisclosed amount. Before the writedown, analysts had expected XLNX to post a profit of $0.03. Rev for the qtr fell 22% sequentially to $224.6 mln (mean $221.8 mln).

6:02AM Cheesecake Fctry (CAKE) 26.44 -0.52: Reports Q3 (Sep) earnings of $0.20 per share, in line with the Multex consensus of $0.20; revenues rose 23.6% year/year to $137.6 mln vs the $137.5 mln consensus.

6:03AM eBay (EBAY) 59.06 +1.97: Reports Q3 (Sep) earnings of $0.12 per share, $0.01 better than the Multex consensus of $0.11; reports Q3 revenues of $194.4 mln vs the consensus estimate of $188.9 mln.

4:35PM Microsoft (MSFT) 56.75 +0.72: -- Update -- Some question now as to whether the new $1.61-1.66 FY02 guidance includes the 20 cent charge recorded this quarter. If the new guidance does include this, the range would be $1.81-1.86 excluding the charge vs the $1.88 consensus; this makes sense given that the revenue guidance was in-line.

6:02AM Computer Assoc (CA) 27.92 +0.02: -- Update -- Reports Q2 (Sep) earnings of $0.61 per share, $0.09 better than the Multex consensus of $0.52; pro forma revenues came in at $1.44 bln vs $1.43 consensus.

4:29PM PeopleSoft (PSFT) 24.30 +1.11: Reports Q3 earnings of $0.16 per share, $0.03 better than the consensus; reports Q3 revenue of $509 mln vs the consensus of $518 mln; no formal guidance issued with report.

6:00AM Adaptec (ADPT) 9.90 +0.39: Reports Q2 (Sep) earnings of $0.05 per share, $0.03 better than the Multex consensus of $0.02; revenue fell 13.8% year/year to $95.4 mln.

4:28PM Microsoft (MSFT) 56.75 +0.72: -- Update -- Though Q4 guidance differed only slightly from consensus, FY02 EPS was guided significantly lower to $1.61-1.66 vs the $1.88 consensus, while revenues of $28.4-29.1 bln were close to consensus numbers of $28.43 bln (Multex) and $28.8 bln (First Call).

6:04AM Integrated Device (IDTI) 23.20 -1.95: Reports Q2 (Sep) loss of $0.05 per share, $0.02 better than the Multex consensus of ($0.07); reports revenue of $97.1 mln vs the consensus estimate of $100.5 mln.

4:25PM Microsoft (MSFT) 56.75 +0.72: -- Update -- Reports Q1 (Sep) earnings of $0.43 excluding charges, four cents better than the Multex consensus of $0.39; revenues of $6.126 bln were in line with the $6.1 bln consensus; company guides Dec qtr to $0.49-0.50 from $0.51 consensus; revenues seen at $7.1-7.3 bln vs $7.18 bln consensus.

4:24PM Sangamo BioSci (SGMO) 7.69 +0.34: Announces achievement of significant milestone in alliance with Edwards Lifesciences (EW) to use gene regulation to treat cardiovascular disease. Triggers a $1.4 mln milestone payment to SGMO.

6:07AM Zoran Corp (ZRAN) 20.52 -2.05: Reports Q3 (Sep) earnings of $0.15 per share, $0.01 better than the Multex consensus of $0.14; revenues rose 26.7% year/year to $30.4 mln vs the $29.2 mln consensus; company expects sequential revenue growth of 10%-15%.

4:22PM Sycamore Ntwks (SCMR) 4.84 -0.26: Company warns for OctQ (Q1); expects rev of $20-$25 mln vs $33.42 mln consensus. SCMR sees loss for the qtr of $0.16-$0.18 (consensus -$0.16); cites continued deceleration of spending in the telecommunications sector.

4:21PM Scientific-Atlanta (SFA) 17.20 -0.45: -- Update -- Reports Q1 (Sep) gain of $0.23 per share, $0.05 better than the Multex consensus of $0.18; revenue fell 31% year/year to $410.1 mln vs $406 mln consensus. The backlog at quarter end was $662.9 mln, a decrease of $225.9 mln from Q1 last year. Announced agreement with America Online to develop a version of the AOLTV service for cable and an agreement with Mediatti, for the launch of Japan's first interactive digital cable TV system.

6:05AM Pitney Bowes (PBI) 37.64 -1.11: Reports Q3 (Sep) earnings of $0.57 per share, in line with the Multex consensus of $0.57; reports Q3 sales of $1.04 bln vs the consensus of $1.08 bln; warns for fiscal 2002; sees earnings in the range of $2.35 to $2.40 per share vs the current consensus estimate of $2.53 per share.

4:15PM Inktomi (INKT) 4.40 -0.14: Reports Q4 (Sep) loss of $0.13 per share, $0.03 better than the Multex consensus of ($0.16); revenues fell 47.9% year/year to $39.0 mln vs the $38.8 mln consensus; CEO says environment remains challenging but company is poised to become profitable over coming year.

6:05AM Nortel Networks (NT) 5.92 -0.03: Reports Q3 (Sep) loss of $0.27 per share, $0.01 better than the Multex consensus of ($0.28); revenues fell 45.1% year/year to $3.69 bln vs the $3.60 bln consensus; excluding inventory writedowns, gross margin fell to 25% from 26% in Q2.

6:02AM Callaway Golf (ELY) 13.57 +0.02: Reports Q3 (Sep) earnings of $0.20 per share, $0.01 better than the Multex consensus of $0.19; revenues fell 5.9% year/year to $195.8 mln vs the $190.6 mln consensus; expects full year sales in the range of $800-$820 million vs the consensus of $830 mln; sees full year earnings in the range of $1.01 - $1.06 per share vs the consensus of $1.04 per share.

4:17PM PMC-Sierra (PMCS) 16.60 +1.09: Reports Q3 pro forma loss of $0.16 a share, $0.02 better than consensus. Rev fell 35% to $61.6 mln (mean $63.5 mln). PMCS cutting its workforce by approx. 350 employees or 24%.

4:14PM TriQuint Semi (TQNT) 17.43 -0.59: Reports Q3 earnings of $0.05 per share, $0.01 better than the consensus estimate; reports Q3 revenue of $80.8 mln vs the consensus of $79.8 mln.

4:14PM Illuminet Holdings (ILUM) 44.21 +2.46: Posts Q3 net of $0.32 a share, $0.03 better than consensus, vs yr-ago EPS of $0.30. Rev rose 26% to $52.3 mln. (Company is in the process of being acquired by VeriSign).

6:04AM Interwoven (IWOV) 7.25 -0.30: Reports Q3 (Sep) loss of $0.04 per share, in line with the Multex consensus of ($0.04); revenues were $43.188 mln vs consensus of 43.6 mln.

4:11PM Applied Micro (AMCC) 10.70 +0.38: Reports Q2 net loss of $0.04 per share, $0.01 better than the consensus; reports Q2 revenues of $41.3 mln vs the consensus of $40.3 mln;

4:10PM Adv. Fibre Comm (AFCI) 20.12 -1.01: Reports Q3 net of $0.05 a share, in line with consensus, vs yr-ago EPS of $0.15. Rev fell 43.3% to $84.65 mln (mean $81.8 mln). Remains cautiously optimistic will experience moderate growth next year.

4:08PM Corning Inc (GLW) 8.02 -0.14: Reports Q3 (Sep) earnings of $0.09 per share, $0.06 better than the Multex consensus of $0.03; warns for Q4 sees Q4 net loss in the range of $0.20-$0.25 per share versus the current consensus estimate for a net loss of $0.06 per share; sees Q4 revenues of $1 bln versus the current consensus estimate of $1.2 bln.

6:02AM Carrier Access (CACS) 2.70: Reports Q3 (Sep) loss of $0.13 per share, $0.07 better than the Multex consensus of ($0.20); revenues fell 48% year/year to $20.9 mln vs the $20.0 mln consensus.

6:07AM Sun Microsystems (SUNW) 8.88 +0.08: Reports Q1 (Sep) loss of $0.05 per share excluding charges, $0.01 better than the Multex consensus of ($0.06); revenues fell 43.3% year/year to $2.86 bln vs the $2.89 bln consensus; no further guidance and no conference call for Sun as they just hosted a call on Oct 5.



To: Clint E. who wrote (34800)10/19/2001 12:27:42 AM
From: Clint E.  Respond to of 68211
 
Microsoft Posts Solid Profits

By Scott Hillis

SEATTLE (Reuters) - Microsoft Corp. (Nasdaq:MSFT - news) on Thursday posted fiscal first-quarter results that -- excluding a $1.2 billion investment charge -- beat Wall Street expectations as the software giant saw solid growth in its line-up of popular business products.

Excluding the non-cash charge, which worked out to 20 cents a share and marked the second consecutive quarter Microsoft has taken an investment hit, the company posted a profit of 43 cents a share, above most analysts' expectations.

Microsoft said net profits for its fiscal first quarter ended Sept. 30 were $1.28 billion, or 23 cents a share, compared with $2.2 billion, or 46 cents a share a year earlier, before an accounting adjustment. Including the adjustment, earnings per share were 40 cents a year earlier.

First-quarter revenues were $6.13 billion, up nearly 6 percent from the $5.8 billion a year earlier.

The maker of the Windows operating system was expected to earn between 38 cents and 42 cents a share on revenues of between $5.9 billion and $6.5 billion, according to Wall Street tracking firm Thomson Financial/First Call.

``They did pretty well all things considered. When you look at it, it looked like margin control, that is cost control leading to better margins, and a strong server business,'' said Scott McAdams, president of brokerage McAdams Wright Ragen.

CAUTIOUS NOTE FOR Q2

Investors sent Microsoft shares up as much as 75 cents to $57.50 in after-hours trading, though the stock gave up some of that to later trade around $56.94. That followed a gain of 72 cents, or 1.3 percent, in regular Nasdaq trading.

Looking ahead, Microsoft said it expected revenues to climb to between $7.1 billion and $7.3 billion in the second quarter, up at least 9 percent from $6.5 billion last year, as it rolls out its new Windows XP (news - web sites) operating system and Xbox (news - web sites) video game console.

Diluted earnings were expected to be 49 cents to 50 cents per share, right in the middle of current analyst estimates of between 43 and 57 cents a share.

Microsoft said it had not seen a huge impact from the Sept. 11 attacks on New York and the Pentagon (news - web sites), but added the economic outlook was hard to forecast.

``We don't feel we had a major impact (from Sept. 11) in that our business groups worldwide came in right where we thought they would,'' Connors told Reuters in an interview.

``The PC market was weaker than anticipated, and September was fairly weak, so that may have been a result of the attacks,'' Connors said. ``The outlook for December is that we think the PC market will be flat to down a couple of points, so it is a weaker market than we expected.''

PC shipments are important to Microsoft because virtually all computers ship with copies of the Redmond, Washington-based company's products, especially Windows.

XBOX AND XP EXPECTATIONS

Analysts said that could mean a lackluster debut for Windows XP, which the company is calling the most important update to the product in six years.

``It looks to me that Microsoft is predicting that they are not going to see much of a boost from XP this year,'' said International Data Corp. personal computer analyst Roger Kay.

Connors also said Microsoft was on track to ship between 1 million and 1.5 million of its Xbox video game machines by the end of the year. Set to launch on Nov. 15, the Xbox is Microsoft's foray into the $20 billion video game industry.

``Xbox looks pretty hot. To me its going to be a pretty hot item and I think XP's going to do pretty well. Both products will benefit from what I call 'interior entertainment' trend from the Sept. 11 fallout. People will look for ways to have fun at home instead of going out into the world which is currently looking like a risky place,'' McAdams said.

Microsoft's desktop applications segment, which includes its Office package of business productivity software, inched up 2.5 percent to $2.19 billion.

Desktop platforms, which includes Windows, grew by 7 percent to nearly $2.02 billion as corporations continued to roll out Windows 2000 (news - web sites).

But Microsoft saw strong results in its enterprise software such as the SQL database and Exchange corporate communications product. That segment grew 15 percent from a year earlier to nearly $1.2 billion.

``They just continue to take share there. In this market environment they are the most cost-effective solution,'' said John McPeake, an analyst with Prudential Securities.

HELPED BY INVESTMENT LOSSES?

Microsoft said the $1.2 billion investment charge was largely related to the same basket of cable television and telecommunications investments that led to a massive $2.6 billion write-off in its fourth quarter.

Some of the charge was offset by gains in interest and dividends, resulting in a $980 million loss for the investment line on Microsoft's income sheet.

Some 70 percent of those investments had been written down, but more losses could occur if the markets fell further, Connors told analysts on a conference call.

``The investment charge is disappointing but not that important to the Street's outlook. The Street is kind of looking at operational numbers and not that concerned with what's in their portfolio,'' McAdams said.

Microsoft also added to its legendary cash horde, managing to stuff more than $4.5 billion into coffers now bulging with nearly $36.2 billion in cash and short-term investments.

``One thing people overlook there about the write-down is that they lowered their tax burden of what they have to pay to Uncle Sam. They lowered their taxable income, and that could have increased their cash flow by $1 billion,'' McPeake said.
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Thursday October 18 8:40 PM ET
PeopleSoft Tops Wall Street Estimate

By Lisa Baertlein

PALO ALTO, Calif. (Reuters) - PeopleSoft Inc. (Nasdaq:PSFT - news) on Thursday posted a 113 percent jump in third-quarter income from recurring operations, beating Wall Street's lowered forecasts, as sales of its flagship PeopleSoft 8 software line gained momentum despite cutbacks in corporate tech spending.

The stock of PeopleSoft -- a vendor of software that automates such corporate functions as accounting, human resources and selling -- climbed to $26.05 in extended trade on Instinet, after rising $1.11 to $24.30 in the regular Nasdaq session.

PeopleSoft President and Chief Executive Craig Conway told Reuters in a conference call that the company's better-than-expected results were due to in-house cost controls and strong sales of its Internet-based PeopleSoft 8 products to new and existing customers.

Looking to the fourth quarter, the company sees per-share earnings that are in line with Wall Street's consensus estimate of 16 cents.

That target would put PeopleSoft's 2001 earnings at 56 cents a share, within the range of its original forecast for earnings of 55 cents to 60 cents.

``I continue to be very optimistic about the future ... Our visibility is improving every day,'' said Conway during the conference call.

``I'm very optimistic about 2002, although I may be the only one in the industry that is,'' Conway added in a later conversation.

Although reporting higher total revenue and software license revenue in the latest third quarter from a year ago, figures for both declined from the previous quarter.

The company said it sees slightly lower sequential growth in software license revenue -- a key measure of software sales and future performance -- in the current fourth quarter, with growth in the 10 percent range.

The company did not give 2002 guidance, but said it would provide it in January.

RECURRING INCOME JUMPS

``It was a pretty remarkable quarter ... One bright spot in a lot of darkness that I've seen in the last week or so,'' said SunTrust Robinson Humphrey analyst Bill Chappell, who noted that PeopleSoft reported a ``substantial'' pickup in profitability during the quarter.

The Pleasanton, California-based company said total revenue grew 15 percent year-over-year to $509.4 million, but declined from $533 million recorded in the second quarter.

Income from recurring operations leapt to $50 million, or 15 cents a share, from $23 million, or 8 cents, a year ago to beat Wall Street's consensus per-share earnings estimates by 3 cents.

Net income was $50.3 million, down from $68.7 million in the year-ago quarter, when PeopleSoft booked a large one-time gain from the sale of equity securities and a one-time charge to exit certain product lines.

``On almost every metric they were better than could be expected in light of Sept. 11,'' said Chappell.

To that end, Conway said last month's deadly air attacks on the Pentagon (news - web sites) and World Trade Center caused sales to the financial services arena to evaporate and contracts worth about $20 million to fall through.

SAME COMPANY, NEW STORY

Two years ago, PeopleSoft was rewriting its code to run on the Web and posting lackluster revenues as sales at rival software companies SAP AG (SAPG.DE), Oracle Corp. (Nasdaq:ORCL - news) and Siebel Systems Inc. (Nasdaq:SEBL - news) were booming on Y2K buying and the Internet frenzy.

These days, however, PeopleSoft is shining brighter than its competitors.

In the latest quarter ended Sept. 30, PeopleSoft's license revenues rose to $151.8 million from $131.5 million last year, but fell from $166 million in the second quarter.

During the same period, Siebel Systems' license revenue fell to $193.5 million from $308.8 million and SAP pulled in license revenues that were 7 percent lower at 447 million euros -- about US$404.3 million.

Database giant Oracle -- which reported results from its quarter ended Aug. 31 in the wake of last month's hijacking attacks -- posted license revenue of $731.4 million, 9 percent lower than a year ago.

``In this environment, it's tough,'' said U.S. Bancorp Piper Jaffray analyst Jon Ekoniak.

``PeopleSoft is like the Timex of the software industry -- they took a licking and they kept on ticking,'' he said, referring to old television commercials in which Timex watches kept running despite various physical abuses.

During the past year, PeopleSoft's stock price has dropped about 43 percent, less than Oracle's 61 percent drop and Siebel's 85 percent decline.

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Computer Associates Earns Top Outlook
By Ilaina Jonas

NEW YORK (Reuters) - Computer Associates International Inc. (NYSE:CA - news) on Thursday reported a fiscal second-quarter net loss of $291 million, but turned a profit under its controversial new accounting method that handily topped Wall Street's outlook.

Under generally accepted accounting principles (GAAP), Computer Associates, the world's No. 4 software maker, reported revenues fell to $734 million, compared with $1.545 billion last year.

The Islandia, New York-based company posted a net loss under GAAP of $291 million, or 50 cents a share, compared with a profit of $138 million or 23 cents a share in the year ago quarter.

But on a pro-forma basis -- translating those figures into the company's new subscription based accounting method, which spreads revenue of a deal over the lifetime of the contract -- the company earned $359 million, or 61 cents a share, compared with $229 million, or 39 cents a share, a year ago.

The results exclude one-time charges for acquisition amortization effect and one-time gains.

Analysts had generally expected earnings of 52 cents a share, with estimates ranging from 54 cents a share to 47 cents a share, according to 13 analysts polled by Thomson Financial/First Call.

The company also raised its guidance for the third quarter and said it expected to earn 61 cents a share, instead of the 50 cents a share analysts had expected, according to Thomson Financial/First Call.

In after-hours activity on Island, shares of Computer Associates on Thursday traded at $30, up from the close of $27.92. Since the beginning of the year, shares of Computer Associates are up 45.3 percent and have outperformed the S&P 500 index by 84 percent.

Computer Associates, which fought off a lengthy proxy battle this summer initiated by Texas billionaire Sam Wyly, said revenues rose to $1.442 billion from $1.397 billion a year ago. The sales and services not included in the quarter are recorded as residual revenue to be recorded as revenue at a later date.

The company -- which sells more than 1,200 software products, said it generated $466 million in residual revenue in the second quarter, bringing total residual revenue to $2.54 billion.

ACID TEST FOR NEW ACCOUNTING MODEL

The company has said the new model allows it to offer customers short-term, lower-cost deals. In the second quarter, the average price of a deal was $295,000, compared with $474,000 in the first quarter. For the company, the model also no longer allows customers to hold out signing a deal until the end of the quarter, when they believe they can squeeze out a better deal from sales people who need to make their quotas.

One of Wyly's criticisms of the company's leadership was the accounting method.

William Schaff, chief investment officer of Bay Isle Financial Corp., which manages $1 billion in investments, said he doubted the figures because only the company itself knows exactly how the figures are calculated.

``Sure they actually did get a few more deals,'' he said. ''But unfortunately, how much is real and how much is apples to apples? They've been able to do all this with almost no growth on the top line over the past few years.''

But Chief Executive Sanjay Kumar credited the company's change to a subscription-based accounting model from a one-time license fee contract model for its quarterly performance.

``I believe the key advantages that we enjoyed in the quarter from a competitive and a market prospective, the ability to leverage positive capability of the new business model and the ability to leverage the very broad product offering saw us through what has been for many a very difficult time and deliver very acceptable results,'' Kumar said.

Prudential Securities analyst John McPeake said the company's performance in a very difficult economy supported the new accounting model.

``This was good acid test for the model,'' he said. ``It's definitely working. It was a good quarter. Cash flow was strong.''

Earlier this month, Computer Associates said it would cut 900 jobs across all areas of the company and primarily in North America. The 5 percent cut will bring the company's work force down to about 17,000 employees. Chief Financial Officer Ira Zar said the layoffs will cost $20 million in the third quarter but will not be recorded as a charge. The action should save the company $15 million each quarter after that, he said.
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Thursday October 18, 8:13 pm Eastern Time
Sun Micro posts loss, sales drop 43 percent
(UPDATE: adds comment, updates stock price)

By Peter Henderson

SAN FRANCISCO, Oct 18 (Reuters) - Network computer maker Sun Microsystems Inc. (NasdaqNM:SUNW - news) on Thursday reported its second quarterly loss in a row after a string of profits since 1989, a fall from grace the company said was accelerated by effects of the Sept. 11 attacks on a slow economy.

Sun reported a net loss for its fiscal first quarter of $180 million, or 6 cents per share, compared to a profit of $456 million, or 16 cents per share, in the quarter a year ago.

Excluding one-time items, which deepened the loss, Sun lost $158 million, or 5 cents per share, in line with its warning two weeks ago. It earned $510 million, or 15 cents per diluted share, in the year-ago September-ending quarter, which had been one of the brightest ever for Sun.

Sales dropped 43 percent from a year earlier, to $2.86 billion from $5 billion, and reversed most of the whopping 60 percent rise in revenue Sun reported in October 2000.

The results matched Sun's Oct. 5 announcement that it expected to lose 5-7 cents per share and that sales would miss Wall Street estimates by up to $600 million and be $2.7 billion to $2.9 billion.

Sun stock rose in after hours trade to $8.94 from a close of $8.88 on the Nasdaq, where it had gained 8 cents before the results were announced.

Sanford Bernstein analyst Toni Sacconaghi said Sun had not added much information to its warning statement and left open the question of whether the 9 percent job cuts it plans by next June would be deep enough.

STILL COMPETITIVE

Sacconaghi said analysts expect revenue to be at least 25 percent below peak by June, possibly leaving Sun overstaffed.

``That really raises the question of 'have they right-sized the business appropriately enough going forward or are they expecting a demand rebound that I think most people are not forecasting?''' he said.

Chief Executive Scott McNealy, who on Oct. 5 had blamed the attacks on New York and the Pentagon for braking sales, said Sun was still competitive.

``The current economic environment is very difficult but the strength of Sun's vision and strategy create a competitive advantage,'' he said in a statement. Sun did not hold a conference call on Thursday.

Sun was one of the last technology companies to make major cutbacks in its work force, reflecting turmoil in an industry that expanded at lightning speed only to see dot-coms implode and the rush to networks slow.

The leader of network computers running the most popular high-end operating system, Unix, is fighting for share in a stagnant market with main rivals International Business Machines Corp.(NYSE:IBM - news) and Hewlett-Packard Co.(NYSE:HWP - news)

Shares of Sun have underperformed the Standard & Poor's 500 index by about 60 percent this year and around 80 percent since Sun hit its peak of around $64 about 13 months ago. It has also underperformed the American Stock Exchange computer hardware index by 46 percent this year.

Debra McNeill, a portfolio manager at Fremont Investment Advisors, said she had sold all her shares in Sun but gave the firm some credit for hitting the top end of its revised outlook. ``It could have been worse,'' she said.
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Thursday October 18, 8:09 pm Eastern Time
Xilinx posts second-quarter net loss
SAN JOSE, Calif., Oct 18 (Reuters) - Xilinx Inc., which designs customized chips for communications and industrial applications, on Thursday posted a second-quarter net loss on a 49 percent drop in revenues due to a slowdown in the telecommunications industry and declining sales in Europe.
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For the second fiscal quarter ended Sept. 29, Xilinx (NasdaqNM:XLNX - news) had a net loss of $176 million, or 53 cents a share, compared with a profit of $114.1 million, or 32 cents a share a year ago.

On a pro forma basis, Xilinx had a loss of $43.7 million, or 13 cents a share. These results exclude several one-time items such as the write-down of certain investments.

Wall Street analysts expected San Jose, California-based Xilinx to post a profit in the range of 1 cent to 4 cents, with a mean forecast of 3 cents a share, according to research firm Thomson Financial/First Call.

Xilinx's second-quarter operating loss was $76.8 million, compared with an operating profit of $147.1 million a year ago. Revenues fell 49 percent to $224.6 million, from $437.4 million a year ago.

``The September quarter was another difficult quarter for Xilinx and the semiconductor industry,'' said Wim Roelandts, Xilinx's president and chief executive. ``The slowdown in European sales that Xilinx experienced at the end of the June quarter continued throughout the September quarter.''

Sales to European customers fell 48 percent from the first quarter and represented 19 percent of total revenue. North America tumbled 16 percent sequentially, but ``showed signs of stabilization,'' and was 52 percent of sales.

Japan was 14 percent of sales while Asia Pacific was 15 percent of revenue.

Fully 67 percent of its revenue came from sales into the communications industry, Xilinx said, with 20 percent coming from storage and servers, while sales to other industries were 13 percent of total sales.

Shares of Xilinx, which makes programmable logic devices, or PLD chips, fell $1.04 to $26.44 on Nasdaq before results were released. The stock has fallen about 43 percent this year, compared with a 30 percent decline in the stock of its principal competitor Altera Corp.

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Thursday October 18, 7:43 pm Eastern Time
SonicWALL Q3 earnings down as expected, names new CEO
By Elinor Mills Abreu

San Francisco, Oct 18 (Reuters) - Security appliance and services company SonicWALL Inc. (NasdaqNM:SNWL - news) on Thursday reported a 14 percent drop in third-quarter operating profits and announced a new chief executive to lead a sales drive into larger companies.

The Sunnyvale, Calif.-based SonicWALL posted pro-forma net income of $5.3 million, or 8 cents per share, excluding charges. That was in line with analysts' expectations and down 14 percent from $6.1 million, or 11 cents per share a year earlier.

Cosmo Santullo, formerly president and chief executive at video and data content delivery service provider Mirror Image Internet Inc., replaced Sreekanth Ravi, who will remain as chairman, the company said.

Including acquisition and other one-time charges, the company posted a net loss of $5.2 million, or 8 cents per share, for the quarter that ended Sept. 30.

Revenue was $27.8 million, a 51 percent increase from the $18.4 million in revenues posted a year ago, according to the company, which sells appliances used to protect corporate networks from intruders and viruses.

Analysts polled by Thomson Financial/First Call predicted SonicWALL would report earnings per share of 8 cents, from a range of 7 cents to 9 cents.

GOOD NEWS, BAD NEWS

SonicWALL offered guidance for the current quarter that was below analysts' forecasts but said that next year would be stronger than Wall Street had expected.

SonicWALL forecast that 2002 sales would grow 40 percent over the previous year, with earnings per share of 40 cents.

For the fourth quarter, the company forecast earnings per share of 8 cents to 9 cents and revenue of between $31 million and $32 million.

Analysts had put fourth-quarter estimates at 11 cents per share and revenues at $32.72 million and 2002 estimates at 35 cents per share and revenues at $112.47 million.

The company holds the leadership position, at 62 percent, in the small and medium-size corporate market for so-called ``firewall'' appliances, but is looking to increase its sales to large corporations, an area where the new CEO has experience, said Ravi, who co-founded the company in January 1991.

Prior to joining Mirror Image, Santullo was senior vice president of global marketing at storage company EMC Corp. (NYSE:EMC - news) and a manager at International Business Machines Corp. (NYSE:IBM - news) for more than 20 years.

Shares in SonicWALL closed at $16, up $2.24, on the day, and were trading at $17.26 in after hours trade, following the announcements.

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KLA-Tencor 1st quarter profit, sales rise
By Daniel Sorid

NEW YORK., Oct 18 (Reuters) - Semiconductor equipment maker KLA-Tencor Corp. (NasdaqNM:KLAC - news) on Thursday said profits and revenues rose in its fiscal first quarter, citing strong orders from the United States and Taiwan.
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But the San Jose, Calif.-based company, whose systems help chip makers improve the quality and speed of their production, said a weaker economy would push second-quarter earnings below Wall Street consensus expectations.

Chip equipment companies have been hit particularly hard by a drop in demand for computers and other electronics, as chip makers defer or cancel orders on new equipment. KLA-Tencor, however, has been helped by a industry-wide push toward more complicated chip-making processes.

``They are just riding this downturn out better than anybody else,'' said Steven Pelayo, an analyst with Morgan Stanley Dean Witter.

Pelayo said the company has been able to hold orders relatively stable, as companies such as top chip maker Intel Corp. (NasdaqNM:INTC - news) have continued to upgrade to equipment that, for instance, allow more intricate features to be printed onto chips.

For the first quarter ended Sept. 30, KLA-Tencor said its income after tax was $86 million, or 44 cents a share, on sales of $503 million. That compared with income after tax and before accounting changes of $29 million, or 15 cents a share, a year earlier, on sales of $383 million.

The company had been expected to report a per-share profit of 43 cents a share, within a range of 37 cents to 46 cents, according to 23 analysts surveyed by research firm Thomson Financial/First Call.

Orders, which were down 5 percent in the quarter, had been on track to be flat or even higher until the Sept. 11 attacks, but some customers deferred parts of their orders to future quarters, the company said.

``There certainly was more skittishness than we thought before September 11,'' said Chief Financial Officer John Kispert. ``Going forward, that certainly gives us more apprehension, but so far so good, we haven't seen anything dramatic.''

For the second quarter, KLA-Tencor said order level should be similar to first-quarter orders. Also, the company expects profit of between 23 cents and 25 cents a share on revenues of between $360 million and $390 million. Analysts, on average, had expected a profit of 29 cents a share, in a range of 21 cents and 44 cents a share, according to First Call.

Shares of KLA-Tencor fell 33 cents, or about 1 percent, to $34.88 at the close of regular trade on Nasdaq, but the stock has outperformed the Philadelphia Stock Exchange semiconductor index (^SOXX - news) by more than 40 percent since January
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Nortel Posts Big Losses, Can't Predict Future

By Ian Karleff

TORONTO (Reuters) - Nortel Networks Corp. (NYSE:NT - news) (NT.TO), reporting shrinking sales and a $3.5 billion loss in the third quarter, said on Thursday that demand for its telecommunications equipment was still hard to predict, although it was showing signs of hitting sustainable levels.

Nortel, which has seen its business erode on sagging demand from network carriers, said losses, including all charges, in the third quarter ended Sept. 30 were $3.47 billion, or $1.08 a share. This is far bigger than a loss of $586 million, or 17 cents a share, in the year-ago period.

``While we believe we are beginning to see early indications that capital spending by service providers is approaching sustainable levels, it still remains difficult to predict,'' Nortel's chief financial officer and soon-to-be chief executive Frank Dunn said in a statement. ``I don't think anybody should assume that there will be an uptick in the fourth quarter.''

Nortel said it would not provide financial guidance for the fourth quarter of 2001 or for next year, as the effects of the Sept. 11 attacks on the United States are still unknown, and the U.S. economy remains very sluggish.

Sales of optical long-haul equipment were the hardest hit, with the company writing down $750 million of obsolete inventory, while revenues for wireless network gear rose 15 percent on a year-over-year basis.

Restructuring efforts that will see the company's workforce shrink to 45,000 employees, or less than half 2000 levels, will be completed by the end of October, and should result in $4 billion in annual savings starting at the beginning of fiscal 2002, said Nortel.

``There is a feeling that management is now able to at least get a feel for what earnings are going to be like and manage to that business level. It generally means that the downturn in the business is nearing its end. That doesn't mean you see an uptick yet,'' said Tim Ghriskey, a senior partner in investment management firm Ghriskey Capital Partners.

Ghriskey said Nortel's business continues to suffer from excess inventory, which is exacerbated by heavy discounting of prices by competitor Lucent Technologies (NYSE:LU - news). Also, incumbent phone firms are no longer under pressure to quickly build out their networks as smaller rivals fall into bankruptcy.

Nortel's losses from continuing operations, before charges, were $854 million, or 27 cents a share. The pro-forma net loss from continuing operations, including all incremental provisions and charges, was $2.18 billion or 68 cents a share.

Analysts polled by Thomson Financial/First Call were expecting, on average, operating losses excluding charges of 28 cents a share and revenues of $3.5 billion.

Nortel warned in October that third-quarter sales would come in at $3.5 billion, with a loss, excluding charges, of about $910 million, or 28 cents a share. Including charges, it said losses would be $3.6 billion, or $1.13 a share.

Revenues in the quarter sagged to $3.7 billion, from $6.7 billion. That is a level that Nortel has said can produce profits once all restructuring is finished, and is higher than earlier guidance.

``Despite the fact that the U.S. economy is really really sluggish, revenue levels are holding up reasonably well, and the aftermath of Sept. 11 is putting more traffic on the networks than ever before,'' said Nortel's outgoing chief executive John Roth in a conference call with investors.

Shares of Nortel closed up 8 Canadian cents at C$9.33 on the Toronto Stock Exchange on Thursday. The stock is now down 93 percent since the beginning of the year as investors remain pessimistic about its prospects.

Nortel said that, despite the current industry correction, its balance sheet is well positioned with $3.35 billion in cash and cash equivalents, up considerably from $1.9 billion at the end of the June quarter.

Debt levels, on the other hand, ticked up 16 percent to $5 billion, in line with analyst expectations, while the company said it paid off over $1 billion in short-term debt.

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To: Clint E. who wrote (34800)10/19/2001 12:32:38 AM
From: Clint E.  Respond to of 68211
 
Corning Earns Off, Gives Gloomy Outlook
By Ben Klayman

CHICAGO (Reuters) - Corning Inc. (NYSE:GLW - news), the world's largest maker of fiber-optic cable, on Thursday posted a net loss including restructuring charges as demand for telecommunications services slowed, and it painted a gloomy picture for the fourth quarter.

The Corning, New York-based company posted a loss of $220 million, or 24 cents a share, compared with a profit of $254 million, or 28 cents a share, last year.

That results included the previously disclosed restructuring charge of $339 million, or $222 million after taxes. Corning has said restructuring costs will total up to $1 billion in the second half of the year.

Sales in the quarter fell 21 percent to $1.5 billion from $1.9 billion last year.

Things are not getting better either, officials warned.

``I wouldn't regard us being better than the Street (estimate) in the third quarter as a huge home run,'' Corning Chief Financial officer James Flaws told Reuters on a telephone interview. ``We're hoping (the bottom is near), but we don't know. Basically, it's difficult to forecast.''

He added the company's struggles are related to the weak economy and not a sign of lost market share.

GLOOMY OUTLOOK

Corning said fourth-quarter earnings would be hurt by the idling of its fiber manufacturing plants, and it expects to post an operating loss in the range of 20 cents to 25 cents on sales in the range of $1 billion.

Analysts had expected Corning to lose 6 cents in the fourth quarter, according to First Call. ''None of this can be surprising when you put it into context of all the problems their customers are having,'' said Robert Gensler, portfolio manager of T. Rowe Price's Media & Telecommunications Fund. ``No matter how bad they say the outlook is, it should be, quite frankly, fully anticipated.''

The company said it expects its fourth-quarter fiber volume to be less than half of last year's comparable period, with premium fiber representing about 10 percent of the company's total fiber volume.

``Hey, at least they gave us a fourth-quarter outlook. Not a lot of companies will do that right now. Better to be realistic. Under-promise and over-deliver,'' said Tim Ghriskey, senior partner with Ghriskey Capital Partners, a Greenwich, Connecticut-based investment management firm.

Corning also said it expects to experience pricing pressure in its fiber and cable businesses in the fourth quarter.

The slowdown in customer spending has hurt the entire telecom industry. Nortel Networks Corp. (NT.TO)(NYSE:NT - news) on Thursday reported shrinking sales and a huge $3.5 billion loss, saying demand for its equipment was still hard to predict.

Corning expects the cost savings resulting from its restructuring actions to be about $400 million pretax on an annualized basis. About half of that will improve the company's gross margin and the rest will reduce its operating expense.

It also said it expects 2001 capital spending of $1.7 billion to $1.8 billion -- down from $2.5 billion it projected in January. It has also reduced its 2002 capital spending plan to about $700 million.

Two weeks ago, Corning expanded its restructuring efforts, cutting 4,000 more jobs and temporarily idling numerous fiber-optic manufacturing plants due to the deteriorating business conditions.

Corning, which employed 43,000 people at its peak this year, said the job cuts by the end of the year may reach 12,000, including about 8,000 previously announced. A small number of U.S. workers will be offered voluntary early retirement packages and others may be rehired elsewhere.

The company said then it would idle most of its fiber plants later this month and resume operations next year as business improved. It also said it would cut output at its optical cable plants to match lower demand.

CUTS POSSIBLE

Corning said on Thursday it will continue to cut costs, with Flaws adding that could include further cuts to the 2002 capital spending budget as well as more job cuts. Some analysts believe the company will cut more workers as it works to lower its break-even point to match its declining revenues.

Corning said operating earnings in the third quarter, excluding one-time items, dropped to $85 million, or 9 cents a share, from $317 million, or 35 cents a share, in the same period last year.

The results topped expectations of analysts, who had expected Corning to earn 3 cents a share, with a range of 2 cents to 4 cents, according to research firm Thomson Financial/First Call.

Corning's stock in after-hours trading on Instinet rose to $8.40, from its $8.02 closing price on the New York Stock Exchange (news - web sites) ahead of the earnings announcement. Last week, it fell to a decade-low intraday trading price of $6.92.

Since the beginning of the year, the company's stock has fallen about 85 percent and underperformed its peers in the Standard & Poor's Communications Equipment (^SPCOMM - news) index by more than 55 percent.
=====================================
=====================================
eBay Earns Nearly $35M, Tops Estimates in Q3
By Nora Macaluso, www.EcommerceTimes.com
Online auctioneer eBay (Nasdaq: EBAY - news) topped analyst estimates in the third quarter ended September 30th, and raised estimates for the current quarter as well.

The company on Thursday reported earnings before charges of US$34.9 million, or 12 cents per share -- topping the 11 cents expected by analysts -- along with a 71 percent increase in revenue to $194.4 million. Net income totaled $18.8 million, or 7 cents per share.

"In these extraordinary times, we continue to be impressed by the strength and resiliency of our user community," said eBay president and chief executive officer Meg Whitman. "We're continuing to see sustained growth across our U.S. and international markets, deeper penetration into many vertical categories and expanded adoption of our fixed-price trading formats."

eBay raised its forecast for fourth-quarter revenue by about $5 million, saying it now expects to generate $200 million to $210 million, even taking into account the "changing economic environment" and its "Auction for America" charity auction to benefit victims of the September 11th terrorist attacks.

However, eBay chief financial officer Rajiv Dutta said the company's guidance was tempered somewhat to reflect a weak economy, and would have been higher if economic conditions looked better.

Growth Factors

The company attributed its revenue gain to strong growth across all its business lines. In a conference call with analysts and investors, Whitman said that "these results clearly demonstrate the continued vibrancy" of the eBay business model.

Though the September 11 attacks held business back initially, buyers are returning, Whitman said. She added that while the Auction for America project is also "diverting" some goods away from the regular eBay auctions, the size of the impact is "modest."

Holiday Push

eBay executives said the company plans to promote itself as a key holiday shopping destination, with newspaper inserts, TV ads and a catalog that will be distributed in 40 offline markets.

Chief operating officer Brian Swette said the push will be "the strongest and most integrated effort ever." Through its alliance with AOL Time Warner (NYSE: AOL - news), he said, eBay will be able to use TV spots during the holiday season.

There will also be an online catalog showcasing "hard-to-find" items like hot toys that are at risk of selling out, as well as more "value-oriented" items that eBay expects will appeal to consumers strapped for cash in a weak economy, Swette said.

The overall aim, he said, is to promote eBay as a "mainstream" holiday shopping destination.

User Base Doubles

eBay said it had about 37.6 million users at quarter's end, up 99 percent from a year earlier.

The company's shares fell in after-hours trading, slipping $1.14 to $55.95. During regular market hours, investors had bid the stock higher.

=====================================
=====================================
TriQuint Gets a Lift From Mobile-Phone Rebound, Beats Estimates

By Tish Williams
Senior Writer
10/18/2001 06:33 PM EDT

TriQuint Semiconductor's (TQNT:Nasdaq - news - commentary - research - analysis) third quarter got better with age.

On Sept. 18, TriQuint CEO Steve Sharp told the Street to expect a penny more than its 3 cents a share earnings estimates. Turns out the revised analyst estimates of 4 cents a share were still too low, as the communications component maker went a penny better with 5 cents a share earnings on $80.8 million in revenue. According to Multex.com, analysts were expecting $79.75 million in revenue.



Gross margins drove the earnings picture, as improvements to the Sept. 18 level of 35% to 38% took another step up to 41.5% by the end of the quarter on Sept. 30. Mobile phones performed best for TriQuint, as TDMA orders dominated shipments, followed by strong CDMA activity. Sharp said the wireless phone segment "has been the quickest to rebound of all of our businesses."

The languishing wireless base-station equipment segment did not follow suit, in keeping with the industrywide downturn. CFO Ray Link estimated that the fourth quarter would be the worst for base-station products, but warned that "there's some strength there, but it's not tremendous."

TriQuint didn't predict much improvement in the two upcoming quarters. Executives expect $75 million to $80 million in revenue in the fourth quarter and 4 cents to 5 cents a share earnings, with $70 million to $80 million in the first quarter of 2002. More than 90% of the projected fourth-quarter revenue is already ordered, while 30% of the first quarter's revenue is booked. Sharp explained that in the past year, lead times on products have been cut in half, meaning he doesn't see orders as early.

=====================================
=====================================
PMC-Sierra posts 3rd-qtr loss, sets job cuts
(UPDATE: Adds details on job cuts, revenue guidance, comments from teleconference call, after-hours stock price)

SANTA CLARA, Calif., Oct 18 (Reuters) - Communications chipmaker PMC-Sierra Inc.(NasdaqNM:PMCS - news) on Thursday reported a third-quarter loss, as expected, compared with a year-earlier profit, as sales fell 69 percent.
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The company also said it would cut 24 percent of its work force and close engineering projects, part of its plan to focus on its top 17 customers going forward. It forecast falling sequential revenues, as well, in the fourth quarter.

The Santa Clara, California-based chipmaker said it had a loss before charges and expenses of $26.8 million, or 16 cents a share, compared with year-ago pro forma net income of $51.7 million, or 28 cents. Sales fell to $61.6 million from $198.2 million.

Analysts had forecast a loss of 18 cents a share, within a range of 15 cents to 20 cents, according to Thomson Financial/First Call. Sales were pegged at $63.1 million.

PMC-Sierra said it will dismiss 350 workers, beginning today, to cut costs further due to falling revenue. As of Sept. 30, the company employed 1,475 people. PMC-Sierra said it would record restructuring and other charges in the fourth quarter.

Shares of PMC-Sierra rose $1.09 cents to $16.60 on Nasdaq before results were released. The stock has fallen about 79 percent this year, in line with the decline in other communications chipmaker stocks. Shares fell to $14.92 in after-hours trade.

PMC-Sierra Inc. said it expects fourth-quarter sales of $45 million to $55 million and that inventories among its customers are coming down to acceptable levels.

PMC-Sierra's Chief Financial Officer John Sullivan told analysts in a conference call on Thursday that the low end of the revenue guidance is supported by backlog, while the higher, optimistic end of the guidance is supported by turns orders -- orders that are placed and shipped in the same quarter -- that would compose about 20 percent of overall sales.

Analysts forecast fourth-quarter sales of $64.7 million, according to Thomson Financial/First Call.

``We've seen an accelerated reduction in inventories'' among customers, said Chairman and Chief Executive Robert Bailey in a conference call, adding that there was, in the quarter, ``anecdotal evidence of spot shortages'' of certain products.
=====================================
=====================================
Related Quote
KLAC 34.88 -0.33
delayed 20 mins - disclaimer
Quote Data provided by Reuters



Thursday October 18, 5:44 pm Eastern Time
KLA-Tencor sees 2nd-quarter profit below estimates
NEW YORK, Oct 18 (Reuters) - Semiconductor equipment maker KLA-Tencor Corp. (NasdaqNM:KLAC - news), which reported a first-quarter profit above analysts' expectations, later on Thursday said a weaker economy would bring second-quarter earnings below Wall Street consensus estimates.

San Jose, Calif.-based KLA-Tencor, whose systems are helping chip makers keep production quality up while they upgrade their factories, said it expected earnings in the second quarter ending in December of between 23 and 25 cents a share.

Analysts on average had expected a profit of 29 cents a share, according to Thomson Financial/First Call, in a range of 21 cents and 44 cents a share.

The company said it expects orders in the second quarter to be at about the same level as in the first quarter, and revenues to be $360 million to $390 million -- lower than first-quarter revenues of $503 million.

Chip equipment companies have been hit particularly hard by a drop in demand for computers and other electronics, as chip makers defer or cancel orders on new equipment.
=====================================
=====================================
Conexant Q4 loss narrows on wireless sales

SAN FRANCISCO, Oct 18 (Reuters) - Microchip maker Conexant Systems Inc. (NasdaqNM:CNXT - news) on Thursday reported a narrower fourth-quarter operating loss and stabilizing revenue, crediting wireless device chip sales for the improvement.

Conexant's net loss, including special and non-cash acquisition-related charges, was $238.8 million, or 95 cents per share, more than four times the loss of $57 million, or 25 cents per share, in the quarter a year earlier.

But operating results improved from the previous quarter and Conexant said sales would rise and the loss would narrow further in the current period.

Excluding items, the Newport Beach, California-based Conexant posted an operating loss of $136.6 million, or 54 cents per share.

The compared to a pro forma profit of $43.5 million, or 18 cents per diluted share, a year ago and a loss of $220.4 million, or 89 cents per share, in the prior quarter.

Revenues for the quarter ended Sept. 30 dropped to $201 million from $561.4 million a year ago but edged up from $200.1 million in the prior quarter.

The average estimate of analysts surveyed by Thomson Financial/First Call had been for a pro forma loss of 56 cents, with a range of a loss of 55 cents to 57 cents a share.

Shares of Conexant, which was spun off from Rockwell International (NYSE:ROK - news) in 1998, initially rose in after hours trade before dropping to closed to $9.75, where the stock had closed on the Nasdaq after an 8 percent rise for the day before the announcement.

``I would say overall demand is fairly weak in everything except wireless handsets in our business,'' Chief Executive Dwight Decker said in a telephone interview.

The company forecast a 15 percent reduction in pro forma loss from the September quarter, driven by manufacturing efficiency and further cost-cutting. That roughly matched expectations on Wall Street of a 46 cent loss per share in the December quarter.

Sales would rise more than 10 percent in sales for the wireless business, driving total revenue up about 3-5 percent in the current quarter compared to the one just ended, he said.

``Inventories in wireless are normal, and the same in PCs,'' he said, but personal computer sales showed no indications of growth.

Conexant's Mindspeed business, which builds chips for high-speed optical networking equipment and the Internet, is facing an inventory glut across the board, he said.

``We don't think that is going to burn off until sometime next calendar year -- the first half of the year,'' Decker said.



To: Clint E. who wrote (34800)10/19/2001 12:39:45 AM
From: Clint E.  Read Replies (2) | Respond to of 68211
 
===chips====


Symbol      Last Trade              Change             Volume    Avg Vol       Open      Day's Range          52-week Range    
^IXIC    Oct 18      1652.72 +6.38     +0.39%        N/A        N/A    1648.69    1634.72    1668.00    1387.06    3535.11
^SOXX    Oct 18       417.75 -10.87     -2.54%        N/A        N/A     428.62     410.31     429.07     343.93     801.05

Symbol      Last Trade              Change             Volume    Avg Vol       Open      Day's Range          52-week Range    
CNXT     Oct 18         9.77 +0.76     +8.44%  4,415,600  4,056,454       9.07       9.04       9.99     6.5700    37.0000
RFMD     Oct 18        19.97 +1.48     +8.00% 18,960,100 10,426,454      18.93      18.89      20.44     8.7500    37.5000
PMCS     Oct 18        16.62 +1.11     +7.16% 12,151,400 10,516,727         16      15.46     16.769     9.3700   211.2500
QLGC     Oct 18        36.12 +2.32     +6.86% 16,601,900  8,307,909      33.26      32.70     36.611    17.2100   130.2500
BRCM     Oct 18        29.94 +1.87     +6.66% 21,505,800 11,275,363         29      28.35      30.51    18.4000   256.1875
CDN      Oct 18        20.90 +0.90     +4.50%  2,239,600  1,413,363      20.00      19.84      20.95    14.1000    32.6875
NVDA     Oct 18        43.46 +1.76     +4.22%  8,521,800  6,618,363      41.70      41.60      43.87    13.7500    50.0000
CLTK     Oct 18        12.45 +0.49     +4.10%     77,500     80,636      12.60      12.30      13.11     9.8125    50.0625
GEMP     Oct 18         5.32 +0.19     +3.70%      6,700     32,318       5.27       5.26       5.32     3.6000    18.8750
AMCC     Oct 18        10.67 +0.35     +3.39% 15,357,900 12,590,727      10.44      10.25      11.25     6.0105   109.2500
SLAB     Oct 18        19.45 +0.55     +2.91%    231,100    285,318      18.90      18.65      19.65    10.1250    42.0000
DPMI     Oct 18        32.10 +0.75     +2.39%    173,000    346,863      31.81      31.60      33.40    22.6000    88.8125
VTSS     Oct 18         9.20 +0.21     +2.34%  4,270,300  5,334,272       8.95       8.85       9.39     6.6500    84.8750
TMCS     Oct 18        13.21 +0.24     +1.85%    379,400    384,818      12.90      12.50      13.22     6.7500    17.6200
COHU     Oct 18        17.59 +0.29     +1.68%     16,400     86,000      17.30      17.01      17.81    12.6250    23.5500
AMKR     Oct 18        11.05 +0.16     +1.47%    374,800    789,818         11      10.80      11.23     9.0000    27.0000
GNSS     Oct 18        33.40 +0.48     +1.46%  1,803,300  1,235,090      33.10      32.20      34.05     7.1250    38.0000
ATMI     Oct 18        18.05 +0.24     +1.35%    146,700    323,181      17.72      17.51      18.55    14.3750    32.7300
MENT     Oct 18        18.72 +0.22     +1.19%    427,100    973,000      18.10      18.06      19.02    12.8400    33.6250
MOT      Oct 18        17.90 +0.19     +1.07%  9,654,600 10,641,045      17.71      17.37      17.95    10.5000    26.2500
MXICY    Oct 18         5.96 +0.06     +1.02%      1,100     60,136       5.95       5.95       5.96     4.2500    14.5042
DSPG     Oct 18        22.14 +0.09     +0.41%    150,600    264,954      22.50      21.80      22.75    13.5000    35.7500
SSTI     Oct 18         8.08 +0.02     +0.25%  1,086,500    892,363       7.90       7.80       8.35     3.7800    24.9375
SMTL     Oct 17         9.20 0.00      0.00%     12,100     51,909       0.00       9.10     9.4777     6.9375    15.0000
CY       Oct 17        17.51 0.00      0.00%  2,464,100  1,726,409       0.00      17.00      18.25    13.7200    42.5625
CCMP     Oct 18        55.99 -0.01     -0.02%    957,600  1,404,409      55.73      55.34      57.50    35.5000   100.1250
SNPS     Oct 18        45.75 -0.03     -0.07%    710,300  1,167,909      45.80      44.52      45.97    31.3125    63.0100
AHAA     Oct 18        20.32 -0.02     -0.10%  4,336,100  2,186,000      19.04      18.64         21    13.0625    55.3750
IRF      Oct 17        30.60 -0.08     -0.26%    695,500    927,227       0.00      30.00      31.32    24.0500    69.5000
MKSI     Oct 18        19.05 -0.05     -0.26%    107,000    184,863      19.10      18.77      19.39    14.2500    31.9700
STM      Oct 18        27.26 -0.09     -0.33%  2,181,300  1,569,090      27.49      26.70      27.64    17.8900    52.3750
MXIM     Oct 18        41.71 -0.33     -0.78%  5,641,600  5,459,818      41.56         40      42.05    32.2000    82.2500
ASML     Oct 18        12.95 -0.11     -0.84%  5,778,800  2,884,318      13.20      12.80      13.29     9.5100    30.6250
COHR     Oct 18        28.60 -0.25     -0.87%    115,700    161,318      29.81      28.45      29.81    25.0000    53.7500
KLAC     Oct 18        34.88 -0.33     -0.94%  7,167,500  8,486,181      35.08      34.35      36.89    25.5000    61.0000
QUIK     Oct 18         3.65 -0.04     -1.08%     15,000    107,500       3.69       3.55       3.71     3.2500    18.0000
RMBS     Oct 18         8.99 -0.11     -1.21%  4,043,100  2,937,181       9.22     8.7708       9.30     4.8600    72.8750
LRCX     Oct 18        17.54 -0.22     -1.24%  1,804,400  2,919,954      17.78      17.15      18.17    13.0000    33.7600
ZL       Oct 17         7.71 -0.10     -1.28%     37,400     61,863       0.00       7.71       7.80     6.0300    20.7500
NVLS     Oct 18        29.17 -0.40     -1.35%  6,768,500  7,893,090      29.38      28.69      30.30    24.9375    58.7000
UTEK     Oct 18        13.30 -0.19     -1.41%    271,800    225,272      13.25      12.25      13.55    10.8000    39.3750
LSI      Oct 17        15.70 -0.24     -1.51%  3,737,100  3,991,318       0.00      15.26      16.20     9.7800    33.0000
NSM      Oct 17        25.56 -0.40     -1.54%  1,973,300  2,490,409       0.00      24.83       0.00    17.1250    37.5000
EGLS     Oct 18        12.12 -0.19     -1.54%     31,900     58,590      12.25      12.02      12.56    11.7500    20.5000
AMAT     Oct 18        31.60 -0.54     -1.68% 15,115,600 16,266,363      31.99         31      32.84    26.5900    59.1000
LSCC     Oct 18        17.65 -0.31     -1.73%  1,665,400  1,625,681      17.80      17.37      18.05    14.0400    29.6500
ESIO     Oct 18        22.18 -0.41     -1.81%    179,300    270,545     22.685      21.89      22.91    19.4200    42.1400
LLTC     Oct 18        36.32 -0.72     -1.94%  5,632,000  5,415,090      36.60      35.15      37.32    29.4500    68.0625
ISIL     Oct 18        32.02 -0.66     -2.02%  1,727,200  1,687,409      32.67      31.50    33.7757    13.5625    58.0625
INTC     Oct 18        24.05 -0.52     -2.12% 49,945,300 48,741,816      24.60      23.70      24.75    18.9600    47.8750
POWI     Oct 18        21.07 -0.46     -2.14%    682,200    531,818      21.60      20.71      22.35     9.0000    26.1500
AMD      Oct 17         9.50 -0.21     -2.16%  5,470,400  6,472,863       0.00       9.40       0.00     7.6900    34.6500
MTSN     Oct 18         4.52 -0.10     -2.16%    304,800    477,000       4.51       4.50       4.90     3.0600    19.5000
CYMI     Oct 18        17.12 -0.38     -2.17%    154,200    387,545      17.51      17.01      17.68    14.1500    36.0000
PHTN     Oct 18        26.11 -0.59     -2.21%    203,600    300,272      26.44      26.15         28    16.6875    44.0000
ATML     Oct 18         7.68 -0.18     -2.29%  4,272,900  5,535,818       7.86       7.64       7.94     5.4800    18.4375
HIFN     Oct 17        10.91 -0.26     -2.33%     49,600    105,772       0.00      10.55     11.365     7.9000    68.4375
ACTL     Oct 18        17.85 -0.44     -2.41%    207,100    196,863      18.28      17.76      18.28    15.2700    37.5000
PRIA     Oct 18        11.73 -0.30     -2.49%    115,300    291,590     12.015      11.42      12.31     8.7500    35.3125
CMOS     Oct 18        11.93 -0.33     -2.69%    847,500  1,034,590      12.29      11.75      12.29    10.9500    30.8750
KLIC     Oct 18        11.88 -0.34     -2.78%    383,700    738,681      12.21      11.83      12.48     8.1600    18.7000
MCHP     Oct 18        30.18 -0.90     -2.90%  3,341,600  2,276,636         31      29.66         31    19.3750    38.7000
ALSC     Oct 18         8.01 -0.24     -2.91%    125,300    257,545       8.25       7.97       8.26     6.2400    20.8750
IFX      Oct 17        14.90 -0.45     -2.93%    166,400    354,227       0.00      14.62      15.31    10.7100    47.3125
CALP     Oct 18        12.81 -0.41     -3.10%    184,300    214,909     13.235      12.59      13.48     8.4000    71.6250
ESST     Oct 18        12.40 -0.40     -3.12%    124,800    404,318      12.80      12.22      12.81     4.5000    16.6875
MCRL     Oct 18        22.55 -0.76     -3.26%    418,800    883,954      23.45      22.35      23.79    17.1000    59.1875
TQNT     Oct 18        17.43 -0.59     -3.27%  5,206,100  3,698,863      18.18      16.98      18.30    10.2500    61.5625
VSH      Oct 18        20.30 -0.70     -3.33%    724,400    990,863      21.00      19.86      21.00    13.7500    31.5000
FCS      Oct 18        19.20 -0.69     -3.47%    397,700    498,636      19.85      19.20      20.10    11.1875    25.3500
CHRT     Oct 18        18.71 -0.69     -3.56%    485,400    620,409      19.39      18.71      19.39    16.0600    60.0625
AXTI     Oct 18        11.53 -0.44     -3.68%     97,800    300,500      11.30      11.25      11.99     9.9000    46.4375
SMTC     Oct 18        31.59 -1.23     -3.75%    660,500  1,347,500      32.53         31      33.12    15.0000    41.7000
XLNX     Oct 18        26.44 -1.04     -3.78% 11,635,100  7,667,409      27.49      25.71      27.49    19.5200    79.5000
PSEM     Oct 18        12.99 -0.53     -3.92%    116,800    165,272      13.65      12.85      13.65    10.1250    32.5000
BRKS     Oct 18        32.02 -1.31     -3.93%    694,500    568,136      33.56      31.88     35.049    19.8750    65.1328
SIPX     Oct 18         8.03 -0.33     -3.95%     40,800    153,545       8.35       7.56       8.48     5.7500    41.8750
NANO     Oct 18        20.21 -0.84     -3.99%     91,200    103,000      21.01      20.20      21.14    10.6250    36.6600
MSCC     Oct 18        32.59 -1.37     -4.03%  1,950,100  1,178,590      33.80         32      35.09     9.4688    39.1700
SILI     Oct 18        24.37 -1.03     -4.06%      3,800     30,954      25.19      24.39      25.19    16.9375    46.8750
HIT      Oct 17        71.77 -3.08     -4.11%     67,800     44,590       0.00      71.50       0.00    64.0000   119.0000
PLAB     Oct 18        21.24 -0.92     -4.15%    397,800    496,227      22.15      21.24      22.92    15.2500    38.4375
SNDK     Oct 18        11.29 -0.50     -4.24%    711,100    976,181      11.43         11      12.01     8.6100    70.0000
UMC      Oct 18         5.55 -0.25     -4.31%  2,454,100  2,409,818       5.75       5.50       5.76     4.2500    12.2283
TSM      Oct 18        11.29 -0.51     -4.32%  4,925,600  4,969,681      11.75      11.20      11.75     8.3900    19.0179
ALTR     Oct 18        18.50 -0.84     -4.34%  6,463,000  7,822,545      19.35      18.02      19.56    14.6600    42.5000
ARMHY    Oct 18        13.40 -0.61     -4.35%    485,100    465,590      13.81      13.05      13.81     8.3900    33.5000
MU       Oct 17        19.75 -0.91     -4.40%  7,534,400  7,351,636       0.00      19.05      20.75    16.3900    49.6100
ELNT     Oct 18        27.35 -1.29     -4.50%    438,000    537,590      28.81      27.06      29.15    17.5000   123.0000
CREE     Oct 18        16.07 -0.79     -4.69%  1,130,000  1,417,590      16.77      15.52      16.77    12.2100    64.1250
EXAR     Oct 18        20.63 -1.03     -4.76%    263,600    565,272         22      20.56      22.50    14.8100    64.1875
TER      Oct 18        20.00 -1.25     -5.88%  6,999,000  2,012,318      21.23      19.71      21.24    18.4300    47.2100
IBIS     Oct 18         6.52 -0.42     -6.05%     37,700     88,000       7.13       6.40       7.16     3.1500    42.6250
AVNT     Oct 18         6.33 -0.42     -6.22%    188,200    647,000       6.70       6.11       6.75     2.6200    27.0000
TXN      Oct 18        28.00 -1.91     -6.39% 18,567,100 10,429,227      27.80      26.60      28.44    20.1000    54.6875
VECO     Oct 18        25.26 -1.85     -6.82%    274,700    434,636      26.77      25.26      27.60    19.9000    89.5000
SYXI     Oct 18         6.14 -0.46     -6.97%    108,000    110,681       6.60       5.55       6.60     4.2700    29.7500
MRVL     Oct 18        20.84 -1.57     -7.01%    974,800  1,452,272      22.45      20.61      22.45     7.9375    91.5156
STEC     Oct 18         1.70 -0.13     -7.10%     10,900     57,409       1.85       1.85       1.85     1.0300     8.9375
IDTI     Oct 18        23.20 -1.95     -7.75%  3,931,800  2,241,454      25.31      23.17         26    17.1600    90.2500
ANAD     Oct 18        13.26 -1.14     -7.92%    370,000    548,409      14.40      13.21      14.40    10.2200    25.7500
ONNN     Oct 17         1.45 -0.13     -8.23%    182,900    234,681       0.00       1.38       1.61     1.1200    12.0625
ASYT     Oct 18         9.06 -0.88     -8.85%    276,200    438,181       9.69       8.86       9.70     7.6610    23.7000
ZRAN     Oct 18        20.56 -2.01     -8.91%  1,817,900    737,045      22.25         20      23.25    10.8125    53.0625
TMTA     Oct 18         1.78 -0.18     -9.18%  1,012,200  1,412,363       1.99       1.68          2     1.1700    50.8750
ADI      Oct 18        35.80 -3.96     -9.96%  7,355,500  3,519,590      39.00      35.44      39.00    29.0000    83.5625
VRTA     Oct 18        10.25 -1.15    -10.09%  1,560,300    770,818      11.41      10.22      11.65     6.8125    55.0000
TXCC     Oct 18         4.08 -0.88    -17.74%  3,571,100  2,074,409       4.85       4.03       5.07     2.1500    74.6875
LTXX     Oct 18        12.98 -0.42     -3.13%    440,300    782,727      13.25      12.82      13.53     9.5625    32.1500


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