Markets & Finance

Microsoft Meets Street Forecasts


Microsoft (MSFT

) posted $0.47 vs. $0.44 Q2 EPS on 7.7% higher revenues, meeting street estimates. The company sees $0.42-$0.43 Q3 EPS on $6.3-$6.4 billion revenue and $1.80-$1.82 fiscal 2001 EPS on $25.2-$25.4 billion revenue.

Sun Microsystems (SUNW

) posted $0.16 vs. $0.10 Q2 EPS from operations on 44% higher revenues. S&P maintains accumulate.

CMGI Inc (CMGI

) says it is not likely to meet previous revenue and cash EPS targets for fiscal 2001.

eBay Inc. (EBAY

) posted $0.09 vs. $0.02 Q4 EPS from operations on 81% higher revenues. Goldman Sachs raised its estimates.

Home Depot (HD

) sees $0.20 vs. $0.25 Q4 EPS on flat same store sales (vs. previous +4% forecast). The company cites declining economy, price deflation in lumber, building materials. Expects trends to continue through the first half.

Nortel Networks (NT

) posted $0.26 vs. $0.21 Q4 EPS from operations on 34% higher revenues. The company sees $0.16 Q1 EPS on $8.1B revenue. Projects 2001 EPS, revenue growth of 30%. S&P maintains buy.

Critical Path (CPTH

) posted a $0.16 per share Q4 loss vs. a $0.26 per share loss from operations. The company sees $0.15-$0.16 Q1 loss from operations.

Polycom Inc (PLCM

) posted $0.22 vs. $0.12 4Q EPS on 65% higher revenues. Thomas Weisel downgraded the company's to buy from strong buy.

Wolverine World Wide (WWW

) sees $0.38-$0.40 Q4 EPS on sales of about $238M. Cites transition out of number of closed factories, factory realignment, fall-off in at-once biz due to cautious retail environment.

Sage Inc (SAGI

) posted $0.01 Q3 loss vs. $0.06 loss from ops on sharp revenue rise. Expects downturn in monitor business. Robertson Stephens downgrades to long term attractive.

Teletech Holdings (TTEC

) sees $0.20-$0.22 Q4 EPS, '00 EPS showing 60%-plus growth year over year, $0.90-$0.96 2001 EPS. Tucker Anthony downgraded the stock to buy from strong buy.

Commerce One (CMRC

) posted narrower than expected $0.05 Q4 loss vs. $0.08 loss from ops on sharp revenue rise. Goldman reiterates recommended list.

Genentech (DNA

) posted $0.16 vs. $0.09 4Q EPS from ops on 35% revenue rise. CS First Boston downgrades to buy from strong buy. S&P maintains hold.

BMC Software (BMCS

) posted $0.24 vs. $0.27 Q3 EPS from operations on 10% revenue decline.

Scientific-Atlanta (SFA

) posted $0.42 vs. $0.20 Q2 EPS on 69% sales rise. The company plans to boost production capacity of its Explorer digital interactive set-tops to 6M/year. S&P maintains accumulate.

ADC Telecommunications (ADCT

) sees lower than expected $0.05-$0.07 vs. $0.07 Q1 EPS (pro forma) due to challenging economy, lower than expected domestic spending by comm. cos. The company cuts 25%-30% 2001 sales, EPS growth forecast to 15%.

Emulex Corp (EMLX

) posted $0.25 vs. $0.11 Q2 EPS on sharp higher revenues. The company sees $0.23 Q3 EPS (pro forma), $0.85 FY 01, $1.10 FY 02.

Union Carbide (UK

) says its Q4 loss will be about $0.70, including non-recurring charges of $0.17 related to its UOP partnership. UK also sees $1.20 '00 EPS.

Altera Corp (ALTR

) posted $0.25 vs. $0.17 Q4 EPS (pro forma) on 55% sales rise. S&P maintains hold.

Inktomi Corp (INKT

) posted $0.01 Q1 EPS vs. $0.04 loss (pro forma) on sharp higher revenues. The company agrees to sell its Commerce Business to e-centives Inc. in exchange for up to 19.9% equity stake in e-centives.

Lattice Semiconductor (LSCC

) posted $0.34 vs. $0.21 Q4 EPS on 31% higher revenues.

Conexant Systems (CNXT

) posted $0.07 Q1 loss from operations (pro forma) vs. $0.24 loss on 20% rev. drop. Sees 10%-15% drop in Q2 personal networking, Internet infrastructure revs. Postpones IPO of Internet infrastructure biz.

D.R.Horton (DHI

) posted $0.70 vs. $0.62 Q1 EPS from operations on 9.5% rise in homebuilding revenues.


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