To: 5,17,37,5,101,... who wrote (476 ) 1/24/1998 2:02:00 PM From: flickerful Read Replies (2) | Respond to of 756
U.S. Equity Preview Fri, 23 Jan 1998, 6:54pm EST U.S. Equity Preview: Creative Technology, Culligan, Ivax New York, Jan. 23 (Bloomberg) -- The following is a list of companies whose shares may move Monday in U.S. markets. The stock symbol is in parentheses after the company name. Prices are at today's closing. ADC Telecommunications Inc. (ADCT): The phone-equipment company warned that earnings in its fiscal first quarter ending Jan. 31 will be little changed from year-earlier profit of 8 cents a share, as Asian market conditions will adversely affect results. The company was expected to earn 25 cents a share, based on the average estimate of analysts surveyed by IBES International Inc. ADC Telecommunications rose 3/4 to 28 1/8. Creative Technology Ltd. (CREAF): The world's biggest maker of computer soundcards reported earnings for the second-quarter ended Dec. 31 of 79 cents a diluted share, before charges, less than the 80-cent average estimate of four analysts surveyed by IBES. Creative Technology rose 1 1/16 to 20 1/8. Culligan Water Technologies (CUL): The maker of water- purification systems was downgraded to near-term ''neutral'' from near-term ''accumulate'' by analyst Jill Lehman at Merrill Lynch & Co., because of a ''downturn in the internal growth rate of the company's domestic household and residential business.'' The long- term rating was cut to ''accumulate'' from ''buy.'' Culligan fell 3 7/16 to 38 1/2. General Motors Corp. (GM): The automaker's fourth-quarter earnings are expected to rise to $1.98 a diluted share, excluding a gain and charge, from the 92 cents a diluted share in the year- earlier period, based on the average estimate of analysts at IBES. The company is expected to report earnings Monday. General Motors fell 5/16 to 57 1/16. Ivax Corp. (IVX): The maker of generic drugs said the U.S. Food and Drug Administration approved its new drug application for a pharmaceutical product to control severe nausea and vomiting caused by psychotic disorders, which it said is the generic equivalent of SmithKline Beecham Plc's (SBH) Compazine. Ivax rose 1/8 to 7 15/16. SmithKline American depositary receipts, which each represent five ordinary shares, rose 1/2 to 59 3/4. OfficeMax Inc. (OMX): The office-products retailer is being sued by Ryder System Inc.'s (R) Ryder Integrated Logistics Inc. unit for at least $75 million in damages suffered when OfficeMax terminated a seven-year distribution and logistics contract, signed in 1995. OfficeMax said it filed a lawsuit against Ryder in October for breach of agreement. OfficeMax rose 1/4 to 14 5/8. Ryder System fell 1/16 to 33 1/4. Raptor Systems Inc. (RAPT): The software company said it will settle a ''purported'' class action lawsuit seeking to stop its $250 million merger with network-security software company Axent Technologies Inc. (AXNT). Raptor Systems was unchanged at 11 3/8. Axent Technologies rose 1/8 to 14 9/16. SLM Holding Corp. (SLM): The holding company for Sallie Mae said its board approved a buyback of 20 million additional shares. SLM Holding fell 1 5/16 to 40 1/2. ------------------------------------------------------------------------ c Copyright 1998, Bloomberg L.P. All Rights Reserved.