Concurrent Computer (CCUR) shares were sharply lower after the company posted $0.01 Q3 EPS vs. a $0.04 loss on a 30% total revenue rise. The company sees a $0.02 Q4 loss fromoperations, a $0.01 fiscal 2001 loss, and a $0.05 Q1 fiscal 2002 loss. Jefferies downgraded the shares to hold from accumulate.
Goldman Sachs cites news reports that say an analyst has indicated the release date for Microsoft's (MSFT) Windows XP may be slipping into October. The stock is on Goldman's recommended list. Microsoft was unavailable for comment.
International Rectifier (IRF) posted $0.73 vs. $0.38 Q3 EPS from operations on a 39% revenue rise. The company cut its Q4 revenue guidance to a 7%-14% sequential decline and fiscal 2002 revenue growth to 20%-25%. RW Baird upgrades.
Shopko Stores (SKO) sees a $0.14-$0.18 Q1 loss per share, citing continued softness in the retail environment and inclement weather in the Midwest region. RW Baird downgraded the shares.
Skechers (SKX) posted $0.45 vs. $0.19 Q1 EPS on a 71% revenue rise. Tucker Anthony raised its estimates and price target on the footwear company; the firm maintains its strong buy rating on the shares.
Salomon Smith Barney downgraded Ciena (CIEN) to outperform from buy.
Interpublic Group (IPG) posted $0.21 vs. $0.21 Q1 EPS from operations as higher net interest expense and more shares outstanding offset 6% worldwide revenue growth. S&P downgrades. Bear Stearns cuts estimates.
Corning Inc. (GLW) posted $0.29 vs. $0.23 Q1 EPS (pro forma) on a 42% sales rise. The company cut its 2001 EPS guidance from $1.20-$1.30 to $0.90-$1.00. Corning will cut about 4,300 jobs.
Lucent Technologies (LU) and Alcatel (ALA) have been holding talks on a merger although chances of a deal materializing are slim, according to press reports.
Verisign (VRSN) posted $0.23 vs. $0.02 Q1 EPS (pro forma) on a sharp revenue rise. S&P maintains hold.
Proxicom (PRCM) agreed to be acquired by Compaq Computer (CPQ) in a deal valued at $266M.
Storage Technology (STK) posted a $0.03 Q1 loss vs. a $0.22 loss on a slight revenue rise. S&P maintains hold.
Amgen Inc. (AMGN) posted $0.28 vs. $0.25 Q1 EPS on 14% higher product sales. The company expects 2001 EPS from operations to grow in low-double digits vs. prior guidance for mid-teens growth.
Columbia Sportswear (COLM) posted $0.32 vs. $0.13 Q1 EPS on a 27% sales rise. The company sees 21%-23% 2001 revenue growth and a 26%-29% rise in net income.
Alliance Semiconductor (ALSC) posted $0.05 Q4 EPS from operations on a 15% revenue rise. The company believes Q1 revenues will substantially decline from Q4 levels.
Alza Corp. (AZA) posted $0.23 vs. $0.15 Q1 EPS from operations on a 48% revenue rise. Alza raised its 2001 sales target for Concerta from $200M to $250M. The company expects total AZA Pharmaceuticals product sales to exceed $750M for the year.
Vignette Corp. (VIGN) posted a $0.01 Q1 loss from operations (core) vs. breakeven results as higher costs offset a 63% revenue rise.
Starbucks (SBUX) posted $0.16 Q2 EPS on a 6% same-store sales gain. The company maintains its fiscal 2001 EPS estimate of $0.91, but lowered guidance for month-to-month gains in same-store sales to low single-digits. S&P maintains hold.
Williams Cos. (WMB) posted $0.80 vs. $0.31 (restated) Q1 recurring EPS from continuing operations. S&P raises estimate, maintains accumulate.
WMS Industries (WMS) posted $0.40 vs. $0.24 Q3 EPS from continuing operations on a 44% revenue rise. The company says it is clearly within reach of achieving consensus fiscal 2001 EPS projections of $1.42.
Amkor Technology (AMKR) posted a $0.21 Q1 loss vs. $0.34 EPS (both before amortization) on a 13% revenue decline and narrowed gross margin. The company sees Q2 revenues down 15%-20% from Q1. S&P maintains hold.
Taiwan Semiconductor (TSM) posted $0.11 vs. $0.16 Q1 earnings per ADR as economic weakness and industry conditions offset a 40% sales rise. The company sees a 26% drop in quarter-over-quarter revenue and positive net profit.
Hartford Financial Group (HIG) posted $1.07 vs. $1.04 Q1 EPS on a 6% revenue rise. The company says property-casualty trends are positive, and remains comfortable with long-term EPS growth and return on equity goals.
Applera Corp-Celera Genomics (CRA) says it completed the assembly of a mouse genome.
IBM Corp. (IBM) developed a breakthrough transistor technology that could enable the production of a new class of smaller, faster, lower-power computer chips than is currently possible with silicon.
AES Corp. (AES) posted $0.42 vs. $0.38 Q1 EPS from operations on a 50% revenue rise.