Markets & Finance

Dell Plans to Use AMD Chips


Dell (DELL) posts 33 cents vs. 37 cents first quarter earnings per share (EPS) despite a 6% revenue rise. Dell plans to offer

Advanced Micro Devices (AMD) Opteron Dual Core processors in server products by the end of the year, dealing a setback to its main chip supplier, Intel (INTC).

Mittal Steel(MT) raises its bid for Arcelor SA. The bid values Arcelor at EUR 37.74 per share based on Mittal Steel's May 18 closing price.

Merck (MRK) a Food and Drug Administration advisory committee recommends Gardasil to prevent cervical cancer caused by four types of human papillomavirus.

Ann Taylor Stores (ANN) posts 53 cents vs. 24 cents first quarter EPS on a 5.6% same-store sales rise and 17% total sales rise. It sees a fiscal year 2007 same-store sales increase in the low single digits. It also raises fiscal year 2007 EPS guidance by 10 cents to between $1.70 and $1.75.

British Airways (BAB) posts $1.34 vs. 19 cents fourth quarter EPADS. It says operating profit grew 26.8%. It raises fiscal year 2007 revenue growth guidance to between 5% and 6%.

Marvell Technology (MRVL) posts 23 cents vs. 20 cents first quarter GAAP EPS on a 43% revenue rise.

Gap (GPS) posts 28 cents vs. 31 cents first quarter EPS on 9% lower same-store sales and 9% lower total sales.

Cost Plus (CPWM) posts 22 cents first quarter loss vs. a penny EPS (including items) on a 4.3% lower same-store sales.

Aeropostale (ARO) posts 15 cents (including a penny of stock expense) vs. 15 cents first quarter EPS on a 16% sales rise. It expects to achieve 15 cents to 17 cents second quarter EPS (including a penny stock expense) on a flat to low-single-digit same-store sales increase.

British Airways (BAB) posts $1.34 vs. 19 cents fourth quarter EPADS. It says operating profit grew 26.8% and it raises fiscal year 2007 revenue growth guidance to between 5% and 6%.


Later, Baby
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