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

To: Johnny Canuck who wrote (36908)	5/1/2002 10:56:26 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68509

8:40AM Lehman says bottom reached in telco capital spending (LU, TLAB, MOT, ALA) by Julie Rannazzisi Lehman Brothers analyst Steven Levy told clients that a look at recent capital spending plans of major U.S. wireline and wireless carriers, as well as the financial results of major equipment vendors, point to a "clear bottom" in carrier spending. It also makes a clear case for a more constructive opinion on the industry, he added. The analyst said this conclusion supports his current purchase recommendation on "strong buy"-rated companies Lucent Technologies (LU), Tekelec (TKLC) and Tellabs (TLAB) and on "buy"-rated issues Motorola (MOT) and Alcatel (ALA). All of the mentioned stocks rose on Tuesday, led by Lucent, which added on 3.6 percent. 8:35AM Kenneth Cole tops by a penny; raises outlook (KCP) by Michael Baron Kenneth Cole Productions (KCP) is reporting first-quarter earnings of $5.5 million, or 27 cents a share, topping Wall Street's consensus estimate by a penny. Total revenue, which includes sales and licensing, fell in the latest three months to $92.9 million from $97.4 million in the same period a year earlier. The New York provider of fashion footwear and handbags also raised its outlook for the remainder of fiscal 2002. The stock closed Tuesday at $27, up 3.2 percent. 8:25AM Comcast grows revenue (CMCSK) by Steve Gelsi Comcast (CMCSK) said its first-quarter loss was $88.9 million, or 9 cents per share, compared to $1 billion, or 65 cents per share, in the year-ago period. Revenue was $2.673 billion, up from $2.2 billion last year. The revenue figure beat the forecast of $2.576 billion estimate in a survey of analysts by Thomson Financial/First Call. Consolidated operating cash flow increased 27.5 percent to $808.2 million from the $634.2 million reported in the first quarter of 2001. On a pro forma basis, Comcast's consolidated revenues and operating cash flow for the quarter increased 12 percent and 18.3 percent. Brian L. Roberts, president of Comcast, said the cable TV giant and owner of QVC said the company, "delivered another quarter of outstanding operating and financial results, laying the groundwork to comfortably meet our previously stated year-end 2002 guidance for each of our businesses." Shares of Comcast rose 76 cents to $26.75 on Tuesday.