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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (49869)	4/10/2002 2:53:16 PM
From: stockman_scott	Read Replies (1) \| Respond to of 65232

We got to have a little good news out here...=) Glad you're feeling better. regards, -Scott

To: Dealer who wrote (49869)	4/10/2002 5:10:42 PM
From: Sully-	Read Replies (2) \| Respond to of 65232

Yahoo hits targets, shares hover By Shawn Langlois, CBS.MarketWatch.com Last Update: 4:58 PM ET April 10, 2002 SAN FRANCISCO (CBS.MW) -- Yahoo shares were feverishly exchanged late Wednesday with a nod into negative territory after the mega-portal hit earnings targets and exceeded sales expectations. Also near the top of the evening's most active list, shares of Rambus gained 6 percent on the strength of a target-topping quarterly performance. Earlier, the Nasdaq ended the day up 25 at 1,767 while the Dow surged ahead 173 to close at 10,382. The tech-laden Nasdaq-100 After Hours Indicator meandered just above the break-even point. See Market Snapshot. Yahoo matches Yahoo nudged 1 percent lower after the company said that it lost $53.6 million, or 9 cents per share. Excluding a one-time charge, Yahoo earned $10.5 million, or 2 cents a share, in line with the consensus estimate. Piquing buyer interest, Yahoo generated sales of $192.7 million, ahead of the $175 million plus roughly $11 million in revenue from newly purchased HotJobs that analysts had expected. Goldman Sachs was looking for Yahoo to post $186 million in revenue and Lehman Bros. had expected a total of $183 million. Visit CBS MarketWatch.com's Yahoo Discussion and share your thoughts on the quarter. Rambus and more Rambus shares (RMBS: news, chart, profile) soared 6 percent on relatively heavy Island ECN volume. The chip technology firm reported second-quarter net income of $6.7 million, or 7 cents a share, on revenue of $23.5 million. During the same quarter last year, net income was $8 million, or 7 cents a share, on revenue of $31.2 million. Four analysts surveyed by Thomson Financial/First Call expected earnings of 5 cents a share, on average. Also enjoying earnings upticks, business software firm Cognos (COGN: news, chart, profile) and telecom processing equipment maker NMS Communications (NMSS: news, chart, profile) both moved substantially higher on the heels of better than expected results, up 8 percent and 10 percent respectively. Joining the uptrend, shares of Redback (RBAK: news, chart, profile) popped for a 4 percent gain after the networking equipment maker posted a first-quarter loss of $34.7 million, or 23 cents a share, compared with a loss of $400.5 million, or $2.92, a year earlier. Excluding onetime items, Redback recorded a loss of $29 million, or 19 cents a share, in line with the expected 19-cent loss. Others in the late spotlight E-Trade said that it plans to buy the privately held Tradescape for $100 million. According to the company, once closed, the acquisition will immediately add to earnings. The online financial services firm also agreed to pay $5 million for trading technology from A.B. Watley. E-Trade said the addition of Tradescape further diversifies the company's offerings and boosts trades by 100,000 a day. Shares (ET: news, chart, profile) were little changed in third-market trading. After-hours favorite Cisco Systems saw its shares (CSCO: news, chart, profile) regain their footing before settling down late. In the regular session, analysts came out in staunch defense of the beleaguered networker following the 8 percent pullback on Tuesday. CS First Boston, Merrill and UBS Warburg all chimed in, dispelling investor concerns that an earnings warning is imminent. See full story. Shawn Langlois is community editor for CBS.MarketWatch.com in San Francisco. marketwatch.com