) and Oracle will jointly develop and deliver Edge Side Includes, an open specification for assembling Web pages. CS First Boston reiterates buy.
Lehman believes catalysts are in place for a sustained rally in Louisiana-Pacific's (LPX
) wood product prices.
CS First Boston reiterates buy on Research In Motion (RIMM
DB Alex Brown expects Oracle (ORCL
) to guide Q4 estimates lower.
) introduced its NetXtreme BCM5701; says its small footprint and high level of integration will enable desktop PC manufacturers to offer Gigabit network interface cards at less than $99.
Pulaski Financial (PULB
) says it will not pursue an acquisition of First Bancorp Ind. (FBEI
) First Boston downgraded First Bancorp.
CS First Boston downgraded Focal Communication (FCOM
) to hold from buy after the company reported a Q1 loss of $0.55 vs. $0.35.
Prudential downgraded Dollar General (DG
) as the company expects to delay its 10-K filing in anticipation of restating financial statements for the last 3 years due to accounting irregularities. S&P rates neutral.
Thomas Weisel thinks Advanced Micro (AMD
) is in a position to capture even more market share from Intel.
CIBC World downgraded Impath (IMPH
) to buy from strong buy, citing near term fundamental concerns.
Doncasters PLC (DCS
) and RCG Holdings (RCG
)reached an agreement on terms for which RCG will buy Doncasters for $27.50 per ADS cash. Each Doncasters ADS represents two ordinary shares.
Computer Associates (CA
)says a New York Times article questioning
its new buisness model is misleading and at times, false. S&P maintains hold. CIBC World maintains buy. DB Alex. Brown reiterates strong buy.
McKesson HBOC (MCK
) posted $0.31 vs. $0.22 Q4 EPS from operations on 23% total revenue rise. JP Morgan ugpraded to long term buy from market perform.
Pier 1 Imports (PIR
) sees a flat-2% Q1 same-store sales rise, citing lower than expected average transactions. The company sees EPS of $0.12-$0.16 in Q1, and of $1.00-$1.05 for all of fiscal 2002 (Feb).
CS First Boston, CIBC World, and SG Cowen initiated coverage of Select Medical (SLMC
) with a strong buy recommendation.
DB Alex. Brown upgraded Transkaryotic Therapies (TKTX
) to strong buy from market perform.
Thomas Weisel thinks Advanced Micro Devices (AMD
) is in position to capture even more market share from Intel.
USB Piper says Intel (INTC
) stock is valued at the upper end of its historical forward EPS multiple. Without a fundamental bottom until the September quarter, Piper thinks the stock remains in a trading range.
Dollar General (DG
) expects to delay filing of its 10-K in anticipation of restating financial statements for the last 3 years due to accounting irregularities. Prudential downgraded the shares to sell from hold.
UBS Warburg upgraded Thermo Electron (TMO
) to strong buy from buy. On Apr. 27, the company posted $0.21 vs. $0.16 Q1 cash EPS.
Jeffries reportedly downgraded IndyMac Bancorp (NDE
) to accumulate from buy.
Mercury General (MCY
) posted $0.40 vs. $0.53 Q1 EPS from operations. The company says its loss ratio in the quarter was higher due largely to an increase in recorded severity on California automobile claims.
Aurora Biosciences (ABSC
) agreed to be acquired by Vertex Pharmaceuticals (VRTX
) in a $592 million deal. In the deal, 0.62 of a Vertex share will be exchanged for each Aurora share.
b>Questar Corp. (STR
) posted $0.80 vs. $0.62 Q1 EPS on a 67% revenue rise. Questar is confident it can meet or exceed the current consensus 2001 EPS estimate of $2.03.
Energy East (EAS
) posted $0.98 vs. $0.83 Q1 EPS on a 90% revenue rise.
Avant Corp. (AVNT
) posted $0.48 vs. $0.41 Q1 EPS (pro forma) on a 10% revenue rise.
Accredo Health (ACDO
) posted $0.18 vs. $0.12 Q3 EPS on a 36% revenue rise. Accredo raised its fiscal 2001 EPS estimate to $0.63-$0.65 and its fiscal 2002 estimate to $0.77-$0.81.
Packard Biosciences (PBSC
) submitted an application to the SEC for withdrawal of its Registration Statement relating to offering of 10M shares of Packard stock by selling stockholders.
) set a shareholders rights plan.
Extreme Networks (EXTR
) set a shareholders rights plan.