Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Johnny Canuck who wrote (40200)	9/5/2003 8:29:53 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69370

8:13AM Circuit City's Q2 sales declines (CC) by Tomi Kilgore NEW YORK (CBS.MW) -- Circuit City Stores (CC) said total sales for its fiscal second quarter fell 3 percent from year-earlier levels to $2.16 billion, vs. the average analyst forecast compiled by Reuters Research of $2.11 billion. Comparable-store sales for the quarter ending August fell 5 percent. The consumer electronics retailer said its sales performance improved during the second half of the quarter, with August same-store sales increasing 1 percent, due to strength sales of back-to-school products such as PC hardware and software, games, wireless communications and portable audio and video products. The stock was unchanged at $10.23 in light pre-open trading. <b?[Harry: Uptick in PC sales being supported by numbers from the retail level.] 8:11AM Nortel up in pre-open; S&P revises outlook to stable (NT, LU) by Julie Rannazzisi NEW YORK (CBS.MW) -- Nortel Networks (NT) rose to $3.90 in Instinet pre-open trades from a close of $3.80 after Standard & Poor's revised its outlook on the telecom equipment company to a "stable" from "negative" late Thursday. S&P also affirmed its credit rating on the Canadian firm. S&P said challenging end-markets and ongoing weakness in macroeconomic conditions for Nortel are partially offset by its strong position in its market segments and improving operating performance. S&P also affirmed its credit ratings on Lucent Technologies [s:lu] late Thursday. Lucent shares did not yet change hands in the pre-open and closed up 1.4 percent on Thursday.