) announced that Dell is installing BEA WebLogic Server as its standard Java platform for application development and deployment. S&P maintains hold.
UBS Warburg upgraded Sears (S
) to buy from hold. On Monday Sears agreed to acquire Lands' End in a $1.9B deal.
) posted $0.37 vs. $0.32 Q1 EPS on a 19% sales rise and sees $1.75-$1.80 2002 EPS. The watch retailer also set a 3-for-2 stock split.
Goldman reiterated its recommended list rating on Brocade Communications (BRCD
). Shares were halted after the company inadvertently released its Q3 revenue guidance of $145M-$150M -- information that was supposed to be released on Wednesday, May 15.
Merrill makes positive comments on Dell Computer (DELL
) and reiterates near-term and long-term strong buy.
BEI Medical (BMED
) agreed to be acquired by Boston Scientific for $95M cash, or $6.84 per share. Separately, BEI posted a $0.24 Q2 loss a on sharp revenue rise.
) posted $0.59 vs. $0.54 second quarter EPS on 4.7% higher worldwide net sales and sees 3%-5% higher Q3 sales.
USB Piper says checks indicate strong April sales for Amazon.com (AMZN
) and reiterated its outperform rating.
) posted $0.05 vs. $0.11 Q3 EPS on 23% lower revenue and sees Q4 revenue and earnings flat to up slightly from Q3 results. Wedbush Morgan downgraded to hold from buy.
CS First Boston expects a positive analyst day on May 16 for Retek (RETK
) and reiterated its buy rating.
OSI Pharmaceutical (OSIP
) and Genentech get fast track designation from the FDA for Tarceva.
) retained Lane, Berry & Co. International to assist with the evaluation of strategic plans and business alternatives designed to enhance shareholder value
Emisphere Technologies (EMIS
) says initial results from a Phase III study with oral heparin for the prevention of deep vein thrombosis in total hip replacement surgery patients did not demonstrate superiority to Aventis's Lovenox.
) posted $0.37 vs. $0.31 Q1 EPS on 8.1% higher same store sales, and 14% higher total sales.
) shares were higher in pre-market trading after Robertson Stephens upgraded its rating on the stock to buy from market perform.
Thomas Weisel upgraded Extreme Networks (EXTR
) to buy from attractive.
Pacific Sunwear (PSUN
) posted $0.10 vs. $0.11 Q1 EPS from operations on flat same store sales. Wachovia and CIBC World reiterated strong buy on signs of a recent pick-up in sales trends.
CS First Boston reiterates buy on Tibco Software (TIBX
) and says the stock is trading at a significant discount to peers.
Invision Technology (INVN
) sees at least $0.25 Q2 EPS, and revenue to at least double Q1. The company received purchase orders for multiple explosives detection systems valued at about $17.5 million from two customers in France.
) posted $0.22 vs. $0.20 Q1 EPS on 3% higher sales and sees $0.22-$0.24 Q2 EPS; $0.18-$0.20 in Q3; and $0.64-$0.67 in Q4.
) is in a $1.5B 3-year outsourcing relationship with Casio in which Flextronics will manufacture a variety of Casio's electronic products.