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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Petrol who wrote (4242)	6/19/2002 5:21:43 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 17639

who broke first, BRCM or MU?

To: Petrol who wrote (4242)	6/19/2002 5:22:27 PM
From: Jorj X Mckie	Respond to of 17639

From briefing.com 17:14 ET MGM Metro-Gldwn-Myr issues warning for Q2 and full year (17.75 -0.35) Company sees Q2 net loss in the range of $0.46 to $0.48 per share vs the current Multex consensus estimate for a net loss of $0.13 per share; sees full year net loss in the range of $0.85 to $0.89 per share vs the current Multex consensus estimate for a net loss of $0.46 per share; says revised outlook is primarily the result of a theatrical release that did not meet the company's expectations. 17:08 ET IVGN Invitrogen names new CFO (33.43 +0.12) Company announces the promotion of C. Eric Winzer to the position of chief financial officer. James R. Glynn, who had previously held the CFO title, will continue to serve as executive vice president and as a member of the company's board of directors. 17:02 ET GT Goodyear Tire files $2 bln mixed securities shelf (19.84 -0.16) -- Update -- Hearing from traders citing Dow Jones that company has filed a $2 bln mixed securities shelf. 16:57 ET STLW Stratos Lightwave misses by a penny (1.57 +0.01) Reports Q4 (Apr) loss of $0.07 per share, $0.01 worse than the Multex consensus of ($0.06); revenues fell 46.8% year/year to $15.9 mln vs the $14.4 mln consensus. 16:44 ET RSTN Riverstone Ntwrks misses by a penny (2.36 +0.04) Reports Q1 (May) loss of $0.12 per share, $0.01 worse than the Multex consensus of ($0.11); revenues fell 31.9% year/year to $30.1 mln vs the $30.4 mln consensus. 16:35 ET After Hours Movers Prices vs 4 pm ET close -- GENZ -4.94, IMCL -1.21, SBUX -0.04 16:25 ET SCMR Sycamore announces global alliance with Siemens (3.25 -0.13) -- Update -- In addition to the co's revised guidance (16:12), Sycamore and Siemens IC Networks announce a strategic alliance in which SI and SCMR will work together to market SCMR's SN16000 optical switches and integrate them on a global basis with SI's TransXpress Infinity MTS long haul transmission, SDH systems, and network management systems. 16:24 ET IMCL Imclone receives notice letter from SEC (11.41 +0.33) Announces it has received a written "Wells Notice" from the staff of the Securities and Exchange Commission (SEC), indicating that the staff is considering recommending the Commission bring an action against the Company; letter pertains to the company's disclosure immediately following its receipt of a Refusal-to-File letter from the FDA on December 28, 2001 for its biologics license application for ERBITUX. 16:12 ET SCMR Sycamore updates guidance (3.25 -0.13) Company sees Q4 pro forma net loss in the range of $0.08-$0.10 per share vs the current Multex consensus estimate for a net loss of $0.11 per share; sees Q4 revs of $5-$10 mln vs the current consensus estimate of $12.7 mln; expects to record restructuring and other charges in the range of $45 to $55 mln. 16:11 ET AOT Apogent Tech revises guidance to low end of range (23.30 +0.09) Announces that it expects revs for the year to be about 10% higher and EPS of $1.30, both in-line with the low end of previously announced guidance of 10%-15% rev growth and EPS of $1.30-$1.40. 16:04 ET GENZ Genzyme warns for FY02 (25.87 -1.04) Company expects total revenues of between $1.10-$1.15 billion, approximately 4% lower than the previous guidance range -- the current Multex consensus estimate is for FY02 revs of $1.15 bln. Sees FY02 earnings in the range of $1.18-$1.23 per share, vs the current consensus estimate of $1.36 per share. 16:04 ET SBUX Starbucks expands stock repurchase plan (24.84 +0.37) Announces that its Board of Directors has authorized the repurchase of up to 10 mln shares of the company's common stock.