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To: Johnny Canuck who wrote (36990)	5/14/2002 1:11:08 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70098

08:24 ET GSPN GlobeSpan Virata initiated with Buy rating at CSFB (4.94) CSFB initiates coverage with a BUY rating due to 1) potential for expanded footprint, 2) strong G.SHDSL position, 3) diversification relative to its competitors, 4) relationships with key service providers, and 5) move into non-DSL specific networking markets. Price target is $9. 08:09 ET NT Nortel registers $2.5 bln shelf offering (2.70) Files registration statement the qualifying the potential sale from time to time in the U.S. and/or Canada of up to an aggregate US$2.5 bln of various types of securities. The filings are intended to ultimately qualify for sale in the U.S. and Canada 08:03 ET RMBS Rambus facing FTC lawsuit: USA Today (6.60) USA Today is reporting that the FTC is preparing an antitrust lawsuit against Rambus, charging that the company worked with the industry to adopt a memory chip standard while simultaneously applying for patent rights to that design; article says FTC will seek to prevent RMBS from collecting royalties on SDRAM and perhaps DDR memory as well 15:35 ET Game makers/retailers rise on rumor Sony to lower PS2 price to $249 from $299 10:10 ET Best Buy, Elec Boutique attractive on Toys R Us-related weakness-- Merrill Merrill Lynch thinks that TOY's announcement that their video game biz slowed sharply in April could be a buying opportunity for BBY and ELBO; believes software continues to sell well, and ELBO tells firm that they are comfortable with ests and margins are increasing significantly from software sales. 09:21 ET TERN Terayon Comm solution deployed by EchoStar (2.25) Announces that EchoStar Communications has deployed the Terayon CP digital streams management system. EchoStar has installed the systems and associated equipment at its master uplink facility in Cheyenne, Wyoming, which transmits programming to the company's satellites for broadcast to its subscribers across the country. 09:15 ET TOY Toys R Us sees narrower Q1 loss (17.20) Expects to post a better-than-expected Q1 loss of $0.02-$0.03, compared to the current Multex consensus of ($0.09). Total net sales for the quarter increased 2%, to $2.1 bln (consensus $2.11 bln). 07:11 ET ESST ESS Tech ships reports record shipments in April (15.40) Company reports the shipment of over 2 mln units of its advanced DVD decoder solutions to OEMs worldwide during the month of April, setting a new monthly record for the company. ESST is confident it will meet guidance of 10-20% DVD growth for the qtr.