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Strategies & Market Trends : STEAMROLLER'S DAYTRADES -- Ignore unavailable to you. Want to Upgrade?

To: STEAMROLLER who wrote (276)	8/17/1998 10:01:00 PM
From: STEAMROLLER	Respond to of 1561

The Motley Fool's Market Movers (Heroes) The Motley Fool - August 17, 1998 18:27 August 17, 1998/FOOLWIRE/ -- Spyglass (Nasdaq: SPYG), a developer of Internet software and technologies for TV set-top boxes, network computers, and cellular phones, rose $1 3/8 to $11 1/4 after disclosing a licensing agreement with Motorola (NYSE: MOT) in a federal filing on Friday. According to the filing, Spyglass agreed in June to license versions of its Mosaic and MicroServer software and its ThinGUI graphics library to Motorola for an unspecified product. Spyglass CEO Douglas Colbeth told several news outlets that the agreement is worth "multiple millions" of dollars over an unspecified time frame, making it the largest deal for the company since it entered the Internet devices market in fiscal 1997. Investors are hoping Spyglass will benefit as Internet users transition to non-PC access devices, such as screenphones and smart handheld devices. The Motorola deal validates that strategy somewhat and also provides Spyglass with some much needed visibility of its future prospects. Shares of semiconductor capital equipment companies took off today after automated test equipment and electronic equipment backplane manufacturer Teradyne (NYSE: TER) announced that semiconductor fabrication company Taiwan Semiconductor Manufacturing (NYSE: TSM) has purchased "multiple" Catalyst test systems. As back-end test equipment is usually the first capital equipment to be added to a fabrication facility (fab) to increase output, this news and news of another order for Teradyne from another Taiwan merchant fab were greeted warmly by other semiconductor capital equipment manufacturers. Applied Materials (Nasdaq: AMAT) climbed $2 3/16 to $33 5/16 and Novellus (Nasdaq: NVLS) added $3 5/16 to $39 11/16. Today's news follows last week's large order for other types of assembly equipment from Kulicke & Soffa (Nasdaq: KLIC), which usually acts as one of the better barometers for the semiconductor and semiconductor capital equipment industry. Also moving today was KLA-Tencor (Nasdaq: KLAC), the leader in yield enhancement and process control equipment for the semiconductor industry. SoundView started coverage of the company with a "long-term buy" rating, estimating fiscal 2000 EPS of $1.74, well above the current IBES estimate of $1.58. Vascular radiation devices maker Novoste Corp. (Nasdaq: NOVT) gained $4 1/16 to $15 1/16 after saying 78 of 85 patients in a trial group of its Beta-Cath system reported a 50% reduction in their restenosis rate compared to a control group after receiving radiation treatment with the device. Restenosis refers to the renarrowing of the arteries following treatment with balloon angioplasty. After an angioplasty, healthcare workers can use the Beta-Cath to keep the arteries open, increasing the effectiveness of the less-invasive angioplasty procedure vis-a-vis the longer-lasting but more expensive and strenuous coronary artery bypass graft surgery. Novoste is hoping the system, which may be approved for limited use in Europe by the end of the year, will either become a stand-alone treatment for restenosis or will be used in conjunction with coronary stents made by firms such as Guidant (NYSE: GDT) and Boston Scientific (NYSE: BSX).

To: STEAMROLLER who wrote (276)	8/17/1998 10:09:00 PM
From: STEAMROLLER	Respond to of 1561

Netscape earnings to show how well strategy working Reuters Story - August 17, 1998 19:41 By Andrea Orr PALO ALTO, Calif., Aug 17 (Reuters) - Netscape Communications Corp. releases third-quarter earnings on Tuesday in a much-anticipated report that could reassure investors that the company has two lives. The company's first life, as an Internet browser provider, was cut short when Microsoft Corp. entered the browser market. While Netscape has credited itself with quickly bouncing back from that assault and redefining its whole business, questions remain over whether it has restored itself to its former glory as a top Internet company. "I think this is a pivotal quarter," Volpe Brown Whelan analyst Andrea Williams said. "They've relaunched their enterprise software and their Netcenter strategies. Here's our chance to see how well they're doing." Enterprise software and the Netcenter Web site are the two businesses Netscape has aggressively built up this year to replace lost browser business. The software business is focused on providing companies the tools they need to communicate and complete transactions online. Netcenter is an Internet gateway, or "portal" that competes with popular services like Yahoo! and Excite. Although Netscape still controls more than half of the browser market, it no longer makes any money from that business -- early this year it started giving its browsers away for free in an attempt to better compete with Microsoft. Netscape has made two quarterly earnings reports since then, but analysts say the third quarter will be its first "pure" report to provide a good view of its operations, unobstructed by restructuring costs. And they are holding the company up to the same high standards Wall Street has come to expect of Internet companies. While the consensus estimate for Netscape's third quarter is for a loss of 2 cents per share, some analysts said it would be a disappointment if Netscape were just to meet, rather than surpass that number. Even though many of the biggest Internet companies are still losing money, they have typically shown losses that were smaller than Wall Streets forecasts, along with sales and traffic to their Web sites that exceeded expectations. In the prior fiscal year's third quarter, which ended Sept. 30, Netscape reported net income of $11.7 million, or 13 cents a share, on revenues of $150 million. Netscape has since changed its fiscal year to end in October. Salomon Smith Barney analyst Mark Usem said he is also interested in seeing how Netscape's revenues break down between enterprise software and Netcenter. "I think it's probably going to show more Web site revenues than in the past, that that's OK as long as the software business is showing good growth," he said.

To: STEAMROLLER who wrote (276)	8/17/1998 10:15:00 PM
From: STEAMROLLER	Read Replies (2) \| Respond to of 1561

RESEARCH ALERT - Platinum gets strong buy Reuters Story - August 17, 1998 15:05 CHICAGO, Aug 17 (Reuters) - Barrington Research Associates Inc. said Monday it initiated coverage of Platinum Entertainment Inc. with a strong buy rating and a $13 a share price target over the next 12 months. Platinum Entertainment produces and distributes recorded music. Barrington analyst James Goss estimates Platinum Entertainment's 1998 revenues at $49.4 million, up 31.3 percent from restated 1997 figures, and 1999 revenues at $59.8 million, up 21 percent, with earnings of $0.39 a share in 1999. Shares of Platinum Entertainment were trading up 1/16 to 6-15/16.