How come dey did dat?
U.S. Equity Movers: Ameritrade, Broadcom, Davox, Motorola
New York, April 17 (Bloomberg) -- The following is a list of
companies whose shares are moving in U.S. markets. The stock
symbol is in parentheses after the company name.
AceComm Corp. (ACEC) fell as much as 2 1/8 to 5 1/16 as the
phone-equipment maker said it expects a loss of between 55 cents
and 58 cents a basic share for its fiscal third quarter ended
March 31. It was expected to earn 5 cents, the average estimate
of five analysts surveyed by IBES International Inc.
American Eagle Outfitters Inc. (AEOS) continued to rise, as
much as 2 13/16 to a record 61 1/2, after the clothing retailer
approved a 3-for-2 common stock split.
American Express Co. (AXP) rose as much as 5 7/8 to 108 1/4
after Business Week reported that the travel- and financial-
services company would be worth as much as 140 a share, or $65.1
billion, if it were acquired.
American International Group Inc. (AIG) rose as much as 1
9/16 to a 52-week high of 135 11/16 after the insurance company
said it's considering acquiring Aoba Life Insurance Co. (0011
JP), a step that would make it the first foreign insurance group
to acquire a Japanese counterpart. Some U.S. financial
institutions are seeing Japan's financial woes as an opportunity
to break into the market.
Ameritrade Holding Corp. (AMTD) rose as much as 5 1/16 to 39
3/4 as the low-cost Internet brokerage reported a smaller-than-
expected fiscal second-quarter loss amid a surge in new accounts,
beating analysts estimates. The company lost 2 cents a share in
the quarter ended March 27. The average loss estimate was for 7
cents, by three analysts surveyed by IBES.
Analogic Corp. (ALOG) rose as much as 4 to a record 44 7/8
as the producer of electronic-measurement instruments will
replace Continental Home Holdings Corp. (CON) in the Standard &
Poor's SmallCap 600 Index after the close of trading on Monday.
ARM Holdings Plc (ARMYV) American depositary receipts rose
as much as 14.33 to 43 1/2 in their first day of trading after
the microprocessor designer's initial public offering. One ADR
represents three ordinary shares.
Arterial Vascular Engineering Inc. (AVEI) rose as much as 3
1/16 to 41 1/4 after the cardiovascular-equipment maker said
earnings for its fiscal third-quarter ended March 31 rose to 64
cents a diluted share, beating the 43-cent average estimate of
analysts surveyed by IBES. It earned 7 cents in the year-earlier
period.
Baker Hughes Inc. (BHI) rose as much as 2 1/8 to 42 11/16
after a published report said the provider of drilling services
could get takeover bid from Schlumberger Ltd. (SLB). Schlumberger
fell as much as 1 5/16 to 77 3/16.
Bank of Los Angeles (BKLA) rose as much as 2 1/2 to 19 as
the bank agreed to be acquired by Western Bancorp (WEBC).
Shareholders of Bank of Los Angeles will get 0.4224 of a share of
Western Bancorp for each share of Bank of Los Angeles. Western
Bancorp fell as much as 1 7/8 to 46 1/4.
Bay Networks Inc. (BAY) fell as much as 1 5/8 to 21 3/8
after the computer-networking company said it had pro-forma
diluted net income for its fiscal third quarter ended March 28 of
4 cents a diluted share, before charges, less than the 12-cent
average estimate of analysts surveyed by IBES. The company had
pro-forma diluted net income, excluding charges, of 10 cents in
the year-earlier period.
BetzDearborn Inc. (BTL) fell as much as 3 1/2 to 53 after
the chemical company said first-quarter earnings could be 35
percent lower than analysts' estimates because of falling demand
in Asia and mild weather in the U.S. and Canada.
BrightStar Information Technology Group (BTSR) rose as much
as much 4 3/16 to 17 3/16 after the computer-services company
sold 4.25 million shares in a $55.25-million initial public offering.
Broadcom Corp. (BRCM) rose as much as 46 to 70 as the
chipmaker sold 3.5 million shares in an $84-million initial
public offering. The company's technology for increasing Internet
access speeds over ordinary telephone and cable television lines
is attracting interest as optimism for Internet commerce rises.
Brooktrout Technology Inc. (BRKT) rose as much 2 1/4 to 22
3/4 after the maker of fax and voice-message management systems
said earnings for the first-quarter rose to 15 cents a diluted
share, from 14 a year earlier, beating the 11 cents average
estimate of 7 analysts surveyed by IBES International Inc. Also,
analyst Mike Latimore at John G. Kinnard & Co. raised his rating
to ''strong buy'' from ''buy.''
Clorox Co. (CLX) fell as much as 1 3/16 to 83 5/16 as the
consumer-products company said earnings for its fiscal third
quarter ended March 31 were 72 cents a diluted share, a penny
less than the average estimate of analysts surveyed by IBES.
Davox Corp. (DAVX) fell as much as 6 3/8 to 22 3/4 as the
call-center software and services company was downgraded to
''buy'' from ''strong buy'' by analyst Herbert L. Tinger at First
Albany Corp. Tinger said the company's near-term revenue growth
was being hurt by competitors cutting prices, and the sales cycle
was also getting longer as customers took more time to decide
what to purchase. He also said service bureaus, which are the
company's large customers, now have over-capacity and don't need
to expand. CIBC Oppenheimer Corp. analyst Stephen Murphy cut
Davox to ''buy'' from ''strong buy.''
Dominick's Supermarkets Inc. (DFF) fell as much as 6 1/4 to
39 3/4 as the supermarket chain said its fiscal second-quarter
earnings will fall as it speeds up its plan to remodel some
Dominick's stores into Fresh Stores.
Eli Lilly & Co. (LLY) rose as much as 3 1/2 to 66 13/16 amid
expectations of positive data to be released about the
drugmaker's Evista product. A study to be released at the
American Society of Clinical Oncology conference is expected to
show that Lilly's Evista drug, approved late last year for use in
preventing the bone-thinning disease osteoporosis, can reduce the
risk of both breast and uterine cancer, analysts said.
Excite Inc. (XCIT) fell as much as 11 1/8 to 80 as the
Internet software company said its first-quarter loss widened to
$5.98 million, excluding an acquisition charge, from $4.51
million a year ago, as marketing expenses rose. The per-share
loss narrowed to 28 cents a diluted share, excluding the
acquisition charge and on more shares outstanding, from 38 cents.
The average loss estimate was for 34 cents, from analysts
surveyed by IBES.
Other Internet stocks also fell: Infoseek Corp. (SEEK) fell
as much as 6 3/16 to 38, Lycos Inc. (LCOS) fell as much as 4 1/8
to 74 5/16, Spyglass Inc. (SPYG) fell as much as 2 7/16 to 12 1/4
and Yahoo! Inc. (YHOO) fell as much as 6 41/64 to 121 3/4.
Fei Co. (FEIC) fell as much as 1 1/2 to 9 3/4 as the maker
of frequency-control products said it will report first-quarter
earnings of between 2 cents and 4 cents a share, about 7 cents
below expectations. It lost $3.18 a primary share a year ago.
First Midwest Financial Inc. (CASH) fell as much as 3 3/8 to
21 3/8 after the banking company said it alerted authorities and
has begun its own investigation into a $1.5-million loan loss
that was related to mismanagement and possible fraud by a loan
officer who's no longer with the company.
GenRad Inc. (GEN) fell as much as 13 1/2 to 18 1/2 as the
maker of electronic-measuring equipment said first-quarter
earnings fell to 5 cents a diluted share from 23 cents a year
earlier, less than the average estimate of 28 cents by three
analysts surveyed by IBES.
Guarantee Life Cos. (GUAR) fell as much as 6 1/8 to 26 1/2
as the insurance company warned that first-quarter earnings will
equal only about 4 percent of analysts' estimates because of
bigger-than-anticipated losses in its employee-benefits business.
Hambrecht & Quist Group (HQ) rose as much as 1 5/8 to 35 3/4
after the investment bank said net income for its fiscal second
quarter ended March 31 rose to 60 cents a diluted share from 29
cents a year ago.
Host Marriott Corp. (HMT) rose as much as 1 11/16 to 21 1/2
as the lodging company said it will convert into a real estate
investment trust and buy interests in 13 luxury hotels for $1.78
billion from the Blackstone Group (5537Z), adding Four Seasons,
Hyatt and Swissotel brands to its Marriott hotels.
K-Tel International Inc. (KTEL) rose as much as 4 3/4 to a
record 25 7/8 as Stock Investor Trading News rated the seller of
recorded music a long- and short-term ''buy.'' ''We believe that
K-Tel offers investors a ground floor opportunity to participate
in a retail segment that is expected to grow explosively in the
months and years ahead,'' said Louis Riley, an analyst with Stock
Investor Trading News, a daily newsletter.
Lattice Semiconductor (LSCC) fell as much as 4 1/2 to 22 1/8
as the chipmaker's exposure to slowing markets in Asia prompted
Prudential Securities Inc. analyst Hans Mosesmann to cut the
stock to ''buy'' from ''strong buy.''
Motorola Inc. (MOT) rose as much as 1 3/8 to 56 5/8 after
the cellular-telephone and semiconductor company yesterday said
it will reorganize its phone-equipment business to better
coordinate product development, and named Merle Gilmore to head
the effort. Chief Executive Christopher Galvin wants to develop
packages of products from different units for the Internet,
software systems and wireless-data services.
Pinkerton's Inc. (PKT) fell as much as 1 5/8 to 22 1/4 as
the security-service provider said first-quarter earnings will be
4 cents a share lower than in the year-ago period. It also plans
to move its headquarters, which could result in a charge of about
$2 million against second-quarter earnings.
PMC-Sierra Inc. (PMCS) rose as much as 1 5/8 to 45 1/8 as
the computer chipmaker posted first-quarter earnings of 29 cents
a diluted share, and agreed to acquire closely held Integrated
Telecom Technology Inc. for about $55 million in cash and stock.
It was expected to earn 25 cents, the average estimate of seven
analysts surveyed by IBES.
Progressive Corp. (PGR) rose as much as 10 7/16 to 137 1/8
as the insurance company's first-quarter profit, excluding gains
and charges, rose to $1.35 a diluted share from $1.05 a year ago.
It was expected to earn $1.19, the average estimate of analysts
surveyed by First Call Inc.
Sun Microsystems Inc. (SUNW) rose as much as 1 5/8 to 42 3/8
as the computer-workstation company said profit for its fiscal
third quarter ended March 29 rose 18 percent, paced by sales of
its servers in the U.S. and Europe. It matched analysts' expectations
of 59 cents a diluted share, the average estimate in an IBES poll.
T. Rowe Price Associates Inc. (TROW) rose as much as 2 3/4
to 76 1/4 as the investment management company said first-quarter
net income rose to 64 cents a diluted share from 45 cents a year
earlier, in line with estimates of 63 cents by eight analysts
surveyed by IBES International Inc.
3Dfx Interactive Inc. (TDFX) rose as much as 6 9/16 to 35
1/2 as the developer of 3-D media processors and software posted
first-quarter net income of 50 cents a diluted share, beating the
24-cent average estimate of five analysts surveyed by IBES.
TresCom International Inc. (TRES) rose as much as 1 3/4
12 after Primus Telecommunications Group Inc. (PRTL) raised its
all-stock offer to buy the telecommunications company to $12 a
share from $10.
Verilink Corp. (VRLK) fell as much as 1 7/8 to 8 5/8 as the
computer-networking company posted a loss for the fiscal third-
quarter ended March 29 of 3 cents a diluted share, compared with
net income of 6 cents in the year-earlier period.
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