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

To: Techplayer who wrote (15168)	12/3/2002 4:16:38 PM
From: Techplayer	Read Replies (1) \| Respond to of 57110

16:10 ET ADC Telecom beats by 2 cents, guides Q1 above consensus (ADCT) 2.17 -0.06: Reports Q4 (Oct) loss of $0.07 per share, $0.02 better than the Multex consensus of ($0.09); revenues fell 35.2% year/year to $219.9 mln vs the $199.9 mln consensus; expects Q1 loss of $0.03-$0.05 on about $200 mln in revs, vs consensus of a loss of $0.07 and $189.1 mln. that is unexpected...should pop on that news... 16:07 ET Hewlett-Packard halted; news pending (HPQ) 19.19 -0.64: 16:03 ET Tenet Healthcare guides lower for FY03 (THC) 17.84 -0.08: Company now expects that earnings per share from operations will likely be in a range of $2.38 to $2.78 per share -- Multex consensus estimate is for earnings of $2.86 per share. not unexpected... 15:48 ET DaimlerChrysler Nov total U.S. vehicle sales down 12% (DCX) 33.92 -1.65: -- Update -- The 12% year/year decline was better than the First Call consensus of -17.4%. 15:45 ET Earnings Calendar : Tonight after the close, look for earnings results from ADCT, FNSR and JDEC; tomorrow morning look for results from: BTH. 15:35 ET PepsiCo reaffirms Q4 and 2002 EPS guidance (PEP) 42.92 +0.71: Reaffirms that it expects to achieve its previously-stated targets of 13-14% EPS growth for Q4 and full year 2002. 15:12 ET Leapfrog breaks out to new 52-week high (LF) 35.30 +0.84: 14:49 ET Standout Percentage Gainers : CTAC +92.1%, SOI +25.0%, CRXA +24.1%, MICC +19.0%, MTMD +16.5%, ELN +12.1%, CRY +11.8%, CTXS +11.5%, ANSR +9.6%, UNWR +9.2%. 14:30 ET Market Volume : Total volume traded is moderate on the session. The Nasdaq has surpassed the 1.2 billion share mark and should push 1.5 to 1.6 billion shares for the day. NYSE volume is also moderate with just over 1.0 billion shares traded to this point in the session. 14:12 ET S&P 500 short term levels : -- Technical -- Limited consolidation near the lows over the last two hours for the index (920.95). Intraday watching the 922.75/923.75 area with a failure to work through here leaving the weaker bias intact. Initial support if a breakdown is seen is at 916/915 with a secondary floor at 913/912. Next resistances are at 925 and 927. 14:12 ET Merck upgraded at Merrill Lynch and Morgan Stanley (MRK) 58.11 -1.84: -- Update -- Merrill Lynch upgrades to Neutral from Sell after the co reaffirmed 2002-03 guidance (upgrade comes just a few hours after firm downgraded the co to Sell); separately, Morgan Stanley upgrades MRK to Overweight from Equal-Weight. 13:53 ET Ciena sued by Nortel over patents (CIEN) 5.93 -0.69: -- Update -- Traders citing Bloomberg say that NT filed a lawsuit on Nov 27 accusing CIEN of using several of NT's patents without permission. ONI related? Cien had to know about the potential issues there...