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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (10571)10/30/2002 4:53:35 PM
From: X Y Zebra  Respond to of 57110
 
Updates, advisories and surprises
By CBS.MarketWatch.com
Last Update: 4:46 PM ET Oct 30, 2002

EBay reaffirms its financial targets at analyst meeting (4:44 PM ET) EBay(EBAY)backed its financial targets for the fourth quarter and all of 2003 as well as its long-term revenue goal of $3 billion by 2005. Executives of the Internet marketplace made the announcement during an annual analyst meeting.

Transkaryotic's Q3 loss widens (4:30 PM ET) Transkaryotic Therapies reported Wednesday its third-quarter net loss widened to $20.9 million compared with $15.9 million in the year-ago third quarter. The loss was 60 cents per share in both this year's third quarter and last year's because the company increased its number of shares outstanding. The biotech firm's loss was narrower than the 63-cent-per-share loss that analysts, on average, had expected, according to Thomson First Call. Shares of Transkaryotic(TKTX)tacked on 87 cents to $13.75 in recent after-hours dealings.

EDS Q3 profit drops sharply; beats view (4:10 PM ET) Electronic Data Systems on Wednesday posted a sharply lower profit than in the year-ago period as spending for information technology declined. EDS(EDS), which slashed its third-quarter outlook by 82 percent in September, posted a third-quarter profit of $86 million, or 18 cents a share, vs. $212 million, or 44 cents a share, in the year-ago period. Analysts polled by Thomson First Call expected a per-share profit of 12 cents, on average. Revenue declined to $5.4 billion from $5.6 billion in the third quarter of 2001. Shares, which have fallen around 62 percent since the Sept. 19 earnings warning, fell to 19 cents to close at $13.75 ahead of the announcement.

Kronos posts earnings of $10.4M in Q4 (3:52 PM ET) Kronos(KRON)is up $5.19, or 17.1 percent, to $35.68, after the Chelmsford, Mass., provider of human resources applications posted fourth-quarter earnings of $10.4 million, or 52 cents a share, ahead of Wall Street's consensus estimate for a profit of 46 cents a share. Revenue rose to $99.2 million in the three months ended Sept. 30, up from $86.7 million in the same period a year earlier. Looking ahead, Kronos sees earnings of $1.55 to $1.65 per share on revenue of $375 million to $385 million in fiscal 2003.

Q3 earnings spark buying in Stratasys shares (3:43 PM ET) Stratasys(SSYS)is up $1.19, or 19.3 percent, to $7.34, after the Minneapolis maker of rapid prototyping systems posted third-quarter earnings of $1.7 million, or 31 cents a share, up from its year-ago profit of $979,667, or 18 cents a share. The latest results were well ahead of the average estimate of two analysts polled by Thomson First Call for earnings of 11 cents a share in the period. Revenue rose to $12 million in the latest three months from $9.7 million in the same period a year earlier. Stratasys said that its backlog remains strong going into the fourth quarter.

Strong Q2, outlook sends Group 1 Software higher (3:26 PM ET) Group 1 Software(GSOF)is gaining $4.21, or 26 percent, to $20.40, in late trades. After Tuesday's closing bell, the Lanham, Md., provider of data quality and marketing automation software reported second-quarter earnings of $2 million, 28 cents a share, 11 cents ahead of the average estimate of two analysts polled by Thomson First Call. Revenue rose to $25 million in the latest three months from $22.3 million in the same period a year earlier. Looking ahead, Group 1 raised its revenue outlook to growth of 10 to 12 percent for the balance of the year from its previous target of 10 percent. It boosted its earnings growth estimate for the period to 28 to 30 percent. The stock hit a 52-week high of $20.40 earlier in the session.



To: Jorj X Mckie who wrote (10571)10/30/2002 4:55:42 PM
From: Oral Roberts  Read Replies (1) | Respond to of 57110
 
I would expect after that slew of very bad but very bullish numbers that a very large gap up is a given.

IBM CEO says economy has flattened out so I guess we don't need a rate cut>
biz.yahoo.com

October unemployment report is seen as grim and economists say will prove that we may have already slipped back into recession thereby assuring us of a rate cut.
biz.yahoo.com

I am confused.



To: Jorj X Mckie who wrote (10571)10/30/2002 8:55:55 PM
From: paulj  Read Replies (1) | Respond to of 57110
 
>>
Oct 31 08:30 Initial Claims
Oct 31 08:30 GDP-Adv
Oct 31 08:30 Chain Deflator-Adv.
Oct 31 08:30 Employment Cost Index
Oct 31 10:00 Chicago PMI
Oct 31 10:00 Help-Wanted Index
<<

Looks like a great way to get Halloween under way, doesn't it. I don't see anything that says we aren't rolling over, but I don't know when. So, I'm just following technicals during the day and scalping long and short, trying hard to not exit shorts too quickly and miss too much of the woosh down. When I hold shorts to just ride them out, they get run over by the bulls. Ain't it fun! Bulls who are buy and hold can't be having all that much fun though. We really haven't gotten very far in quite a few trading days.