To: John Hull who wrote (74207 ) 2/22/1999 4:24:00 AM From: flash Read Replies (2) | Respond to of 186894
CBS marketwatch has AMD (read) Debra McGarry, CBS MarketWatch Last Update: 1:26 PM ET Feb 21, 1999 U.S. stocks to watch Advanced Micro Devices (AMD) shares may rise Monday on news that personal computer maker Gateway (GTW) has picked AMD as its second supplier of microprocessor chips. Gateway said Intel Corp. (INTC) will provide the bulk of its microprocessors. AMD shares rose 1/2 to 17 5/8, and Gateway shares added 3 3/4 to close at 72 7/8. INTC) shares may come under pressure Monday on news that the Federal Trade Commission alleged that the chip giant abused its power in the market for microprocessors by withholding key technical information from its competitors, according to Dow Jones. Intel said it's within its rights to withhold the information and denied having monopoly power. Intel shares fell 1/16 to 128 1/16 before the news. Ford (F) is surging towards becoming the largest U.S. industrial company, ahead of General Motors. But with the success comes the challenge of continuing to deliver strong profits in the face of slowdowns overseas and at home, Barron's reported. Shares fell 1 1/4 to 58 13/16 Friday. See story. Motorola (MOT) has set plans to spin off one of its semiconductor units, according to the trade magazine Electronic Buyers' News. The proposed spinoff is part of Motorola's plans to focus on its "systems-solutions"' semiconductor lines. Ahead of the report, shares rose 1 to 67 3/8. Seagull Energy (SGO) announced that it has outsourced most of its marketing and trading operations to remain flexible in an environment of very low natural gas and oil prices. Shares fell 1/16 to 4 3/4 ahead of the news. A slew of software companies are set to report earnings next week. Look for reports from Intuit (INTU), Novell (NOVL), BEA Systems (BEAS), J.D. Edwards (JDEC) and Wind River (WIND). The last two companies have pre-announced lower-than-projected earnings. See Software Report. The Justice and Defense departments gave the go-ahead for the proposed merger between Newport News Shipbuilding (NNS) and Avondale Industries (AVDL) in a deal estimated at $470 million, it was announced after the market closed Friday. Late Thursday, Newport received an unsolicited cash buyout offer from General Dynamics (GD) for $38.50 a share. Newport shares surged 3 1/2 to 31 15/16 Friday on that news. Newport News says it's still committed to the deal to acquire Avondale. General Dynamics shares added 5/16 to 60 3/8, while Avondale shares fell 2 15/16 to close at 29 3/4. See full story. See Zapman's sub-mission on the sub-ject.