25-Apr-01 After the close:

verfasst von NEWS-SERVICE, 26.04.2001, 08:45

Intl Paper (IP) 37.74 +0.36: Global forest products, paper and packaging company announces plans to close Mississippi plant; cites high costs and the need to align production with its customer demand.

QUALCOMM (QCOM) 62.98 +3.48: -- Update -- Conference call ended....Tone of the call was relatively positive. JunQ will be weak, but mgmt seems pretty confident SepQ and next fiscal year will be just fine. Extent of sell-off after the bell shows investors are not quite as optimistic as mgmt. However, reaction not all that surprising as companies with so much exposure outside the US will get penalized due to the perception that demand is more difficult to predict...Also, company still has decent amount of exposure to fledgling GlobalStar unit...stock trading at 54.80.

Optical Comm (OCPI) 11.85 +1.16: Provider of fiber optic subsystems and modules for metropolitan area reports Q2 earnings of $0.11 a share, $0.01 better than the First Call consensus of $0.10, vs year-ago earnings of $0.06; revenues rose 89.7% to $47.94 mln from a year-ago of $25.28 mln.

QUALCOMM (QCOM) 62.98 +3.48: -- Update -- During Q&A Session,"When can we expect QCT margins getting back to 30%? Hopefully in early 2002"...Book-to-bill for chip segment is"definitely less than one" but would not specify....Next fiscal year, company expects to see strong growth in all businesses, including the soon-to-be-spunoff semi business...stock trading at 54.81.

PeopleSoft (PSFT) 29.93 -0.06: -- Update -- Conference call concluded, overall tone of the call was positive. Management positioned itself as a company with good market opportunities in a bad market environment. PSFT believes it is seeing a slight increase in worldwide contract win rate across segments. PSFT +2.82

QUALCOMM (QCOM) 62.98 +3.48: -- Update -- Fiscal 2001 (ending Sep) estimates reduced to $1.05 vs consensus of $1.25...QCOM expects to sell 80 mln CDMA phones in calendar 2001 versus previous expectation of 90 mln. Couple lower shipments and a 20% expected decrease in pricing for CDMA phones, and a bleak picture is painted....stock trading at 54.82.

Foundry Networks (FDRY) 10.73 +0.57: -- Update -- On call, company says that book/bill exiting quarter was approximately 1, which is good by recent standards in this industry. Stock continues to trend higher after hours: 11.59, +0.86 vs 4 pm.

After Hours Action: Nasdaq 100 After Hours indicator -15, led by the sharp post-market decline in QCOM -8. The other big after hours loser is AFFX, which is now -6.5 vs 4 pm close.

QUALCOMM (QCOM) 62.98 +3.48: -- Update -- QCOM expects to go ahead with its previously announced spin-off of its semiconductor business, QUALCOMM Spinco. Should be completed by the fall of 2001 in the form of a 100% tax-free distribution to QCOM shareholders as of a record date to be determined. Due to market conditions as well as the fact that the company has ample cash to fund the new company, QCOM no longer plans an IPO prior to the spin-off....stock trading at 54.63.

ON Semiconductor (ONNN) 5.19 +0.23: Reports Q1 loss of $0.07 a share, $0.07 better than the First Call consensus of ($0.14), vs year-ago earnings of $0.03; revenues fell 13.5% to $357.00 mln from a year-ago of $412.50 mln. For Q2, the company anticipates approximately flat to slightly down sequential revenues.

QUALCOMM (QCOM) 62.98 +3.48: -- Update -- On conference call, mgmt said"near term demand has softened" and they are"hopeful it's only a near-term issue."...stock trading at 55.45.

Boston Scientific (BSX) 15.50 +0.50: Reports Q1 earnings of $0.21 a share, $0.01 worse than the First Call consensus of $0.22, vs year-ago earnings of $0.26; revenues fell 3.7% to $654.00 mln from a year-ago of $679.00 mln. Revenues were $654 million, down 3.7% from $679 mln in the year-ago period.

Foundry Networks (FDRY) 10.73 +0.57: -- Update -- On call, company will not give specific revenue guidance, but says it is"cautiously optimistic" and that its"internal goal, at the low end, is to do better than last year." In last year's Jun qtr, FDRY revenues were $88.8 mln; consensus for this year is $82 mln, so this hint can be construed positively. Stock at 11.28 after hours.

PeopleSoft (PSFT) 29.93 -0.06: -- Update -- On conference call, mgmt says they"have put enormous resources into our CRM line to challenge SEBL's dominance in the sector." Does not want to discuss details of upcoming release for next generation software. PSFT +3.47

QUALCOMM (QCOM) 62.98 +3.48: -- Update -- In MarQ, QCOM sold a record 16 mln MSM chips, but due to"uncertainty in global economic conditions," JunQ MSM unit shipments are expected to decrease to 14 mln units. Chipset demand should accelerate in succeeding quarters as CDMA2000 1x systems are deployed by numerous operators. Also, chipset market share will increase with its first-to-market 3G products and with further differentiation achieved by position-location and BREW-based applications....See earlier comment for new EPS guidance....stock selling off to 54.40.

PeopleSoft (PSFT) 29.93 -0.06: -- Update -- On conference call, mgmt suggests the economy is deteriorating rapidly but"own internal metrics continue to be quite strong." Sees the deteriorating demand environment and improved internal dynamics offsetting one another which is the rationale for retained guidance. PSFT +3.12

Foundry Networks (FDRY) 10.73 +0.57: -- Update -- On conference call, company says visibility has improved but there are still macroeconomic risks. Also notes that April has been a"whole lot better than January." Company does cite increased pricing pressures as partly responsible for lower margins in Mar qtr, however. FDRY +0.52 to 11.25 after hours.

Symantec (SYMC) 57.27 -0.31: -- Update -- Conference call just concluded... overall tone was positive with analysts generally commending company for a good quarter in tough environment... most of SYMC discussion focussed on strength of enterprise business which is understandable given the softness on the consumer side and an awareness that enterprise accounted for 65% of total revenues... SYMC +2.35

Wireless Initiative: Nokia (NOK), Motorola (MOT), and Ericsson (ERICY) will hold a joint conference call tomorrow to discuss"new wireless industry initiative, reflective of the evolution of wireless services." Call: 8 am ET: Dial-in: 1-800-946-0705; confirmation code: 723885.

PeopleSoft (PSFT) 29.93 -0.06: -- Update -- On conference call, mgmt is saying the current environment is hurting smaller to mid-size companies."In the end it will be an SAP, ORCL, PSFT, SEBL playing field."

Electr Data Sys (EDS) 63.27 -0.28: -- Update -- Company warns for Q2; sees revenues of $4.6 bln; estimate is $5.1 bln; current EPS estimate is $0.62.

Helix Tech (HELX) 29.55 +1.45: -- Update -- Reports Q1 earnings of $0.22 per diluted share, $0.08 worse than the First Call consensus mean estimate. Sales were down 3% to $48.6 million from $50.1 million a year ago. Company says,"While some industry participants are forecasting a recovery in the second half of the year, we are continuing to adjust our own operations to reflect lowered near-term expectations for orders from our major OEM customers." Applied Materails (AMAT) is HELX's largest customer.

PeopleSoft (PSFT) 29.93 -0.06: -- Update -- On conference call, management says it's"more confident about PSFT's position than ever, but at the same time more apprehensive about the market." PSFT +3.77

After Hours Action: Winners: SYMC +2.7, PSFT +3.5, PLCM +0.75, QSFT +1.6, HOMS +0.75. Losers: QCOM -8, AFFX -6.5, NUFO -2.

PeopleSoft (PSFT) 29.93 -0.06: -- Update -- On conference call, management retains forward guidance for Q2 with license revenue at $155 million to $160 million and EPS of 12 cents. Analysts expected reduced guidance from the company. PSFT +3.03

La-Z-Boy (LZB) 17.58 +0.32: Company will close its Marion, Virginia, plant of its Lea Industries division and its Selma, Alabama Pilliod facility. Company will also eliminate the manufacturing of La-Z-Boy Contract furniture at its Lincolnton, North Carolina facility and will outsource some contract product lines in order to focus on the company's core strength in office and commercial seating products. Approximately 310 jobs will be eliminated over the next six months.

WellPoint Health (WLP) 94.15 +5.94: Reports Q1 earnings of $1.48 a share, $0.03 better than the First Call consensus of $1.45, vs year-ago earnings of $1.23.Revenues of $2.62 billion were up 22%.

Symantec (SYMC) 57.27 -0.31: -- Update -- On call, says that pricing in the enterprise segment has been reasonably stable, but that it witnessed a return to"bizarre behavior" in the consumer segment; notes that price competition in consumer space is coming largely from private companies, but that SYMC remains preferred provider due to its ability to offer both the product and subsequent service... says it expects gross margins to be 86-87% over the long haul... SYMC +2.38

Maxtor (MXTR) 8 +0.40: Reports Q1 earnings of $0.01 a share, in line with the First Call consensus of $0.01, vs year-ago earnings of $0.23; revenues fell 8.7% to $630.82 mln from a year-ago of $691.29 mln. Revenue was $630.8 million, 8.7% below revenue of $691.3 million in the 2000 first quarter.

FairMarket (FAIM) 1.33 +0.03: Reports Q1 loss of $0.20 a share, $0.03 better than the First Call consensus of ($0.23). FAIM reported revenue of $2.7 million, a decrease of 3.7% compared to revenue of $2.8 million, excluding non-recurring revenue, in the fourth quarter of 2000 and an increase of 33.7% compared to revenue of $2.0 million in the first quarter of 2000. Says 2001 revenue is likely to be in the range of 0 to 10% over 2000.

L-3 Comms (LLL) 80.27 +0.07: Reports Q1 earnings of $0.40 a share, $0.02 better than the First Call consensus of $0.38, vs year-ago earnings of $0.32; revenues rose 22.5% to $461.90 mln (consensus $453 mln) from a year-ago of $377.10 mln. Bookings rose 29.5% year/year and funded backlog was up 15.5%.

Symantec (SYMC) 57.27 -0.31: -- Update -- On call, notes that it is not immune from economic downturn, but so far, it hasn't experienced a slowdown in enterprise security spending... SYMC +1.73

Province Health (PRHC) 29 +2.25: Reports Q1 earnings of $0.26 a share, in line with the First Call consensus of $0.26, vs year-ago earnings of $0.21; revenues rose 12.2% to $122.44 mln from a year-ago of $109.10 mln.

Affymetrix (AFFX) 35.50 +1.59: Still expects to achieve profitability beginning next quarter... Street currently looking for gain of $0.02... Now sees net income of $5 to $10 mln for the year.

Incyte Genomics (INCY) 14.08 +0.43: Reports Q1 loss of $0.22 a share, $0.06 better than the First Call consensus of ($0.28); revenues rose 25.4% to $51.12 mln from a year-ago of $40.75 mln.

Symantec (SYMC) 57.27 -0.31: -- Update -- On call, indicated that fiscal Q4 was its best quarter ever for large transactions; signed 17 deals worth more than $300,000 each; Q4 enterprise revenue grew 35% and represented 65% of total revenues... barring major change in economy, says it expects to see continued strength in enterprise business in Q1 as pipeline remains robust... separately, says it expects mid- to high-single digit growth in its consumer business in FY02... SYMC +0.73

Quest Software (QSFT) 28.87 -2.05: Reports Q1 earnings of $0.06 a share, $0.01 better than the First Call consensus of $0.05, vs year-ago earnings of $0.02; revenues rose 119.7% to $63.11 mln from a year-ago of $28.73 mln.

Polycom (PLCM) 18.97 +0.04: Reports Q1 earnings of $0.18 a share, $0.01 better than the First Call consensus of $0.17, vs year-ago earnings of $0.13; revenues rose 27.3% to $96.22 mln from a year-ago of $75.55 mln.

Symantec (SYMC) 57.27 -0.31: -- Update -- On conference call, says if currency exchange rates remained constant with yr-ago levels, Q4 revenue growth would have been 19%; Fiscal Q1 guidance is for revenues to be between $255-$263 mln (consensus $263.16 mln) and EPS to be between $0.62-$0.67 (consensus $0.68)... projects revenues of $1.1-$1.2 bln for FY02 (20-25% growth and versus consensus of $1.143.4 bln) and EPS of $3.00-$3.25 (30-38% growth and versus consensus of $3.10)... SYMC +0.73

Ask Jeeves (ASKJ) 2.14 +0.13: Reports Q1 loss of $0.40 a share, $0.13 better than the First Call consensus of ($0.53); revenues rose 7.5% to $19.08 mln (consensus $19.7 mln) from a year-ago of $17.76 mln. Company expects Q2 revenues of $17 mln and loss of $0.33 vs consensus of $23 mln and -$0.42.

Affymetrix (AFFX) 35.50 +1.59: Company guiding total FY01 revenues to low end of prior guidance, which was $260-$290 mln range - current consensus estimate is $285 mln... Expects gross margins to be relatively flat over the next couple of quarters.

PurchasePro.com (PPRO) 4 -2.22: -- Update -- After warning and announcing this morning that it will announce results today, PPRO just announced that it will postpone its earnings announcement to Thursday, April 26, 2001, prior to the market opening. PPRO announced a new CFO yesterday.


eSpeed (ESPD) 23.90 +0.46: Reports Q1 loss of $0.04 a share, $0.01 better than the First Call consensus of ($0.05); revenues rose 77.8% to $43.12 mln (consensus $40 mln) from a year-ago of $24.25 mln. Company sees Q2 loss of $0.02-0.03 vs consensus of -0.03 and FY01 loss of $0.01-0.05 vs consensus of -$0.04.

Symantec (SYMC) 57.27 -0.31: Reports Q4 earnings of $0.62 a share, $0.01 better than the First Call consensus of $0.61, vs year-ago earnings of $0.55. Revenue increased 15% to $250.6 million.

QUALCOMM (QCOM) 62.98 +3.48: Reports Q2 earnings of $0.29 a share, in line with the First Call consensus of $0.29, vs year-ago earnings of $0.26; revenues rose 9.9% to $713.26 mln from a year-ago of $648.75 mln. Company sees Q3 EPS of $0.21 vs consensus of $0.32 and FY01 EPS of $1.05 vs consensus of $1.25; says it is"very optimistic" about its prospects for FY02.

InfoSpace.com (INSP) 3.91 +0.36: Reports Q1 loss of $0.02 a share, $0.02 better than the First Call consensus of ($0.04), vs year-ago earnings of $0.04; revenues rose 20.1% to $46.57 mln (consensus $46 mln)from a year-ago of $38.78 mln.

PeopleSoft (PSFT) 30 +0.01: Reports Q1 earnings of $0.11 a share, $0.02 better than the First Call consensus of $0.09, vs year-ago earnings of $0.04. Total revenue increased 34% over Q1 of last year to $503 mln.

Foundry Networks (FDRY) 10.37 +0.57: Reports Q1 earnings of $0.04 a share, in line with the First Call consensus of $0.04, vs year-ago earnings of $0.15; revenues rose 17.9% to $82.55 mln from a year-ago of $70.01 mln. Company offers no further guidance in its press release.

JNI Corp (JNIC) 8.99 -0.01: Reports Q1 earnings of $0.05 a share, $0.02 better than the First Call consensus of $0.03, vs year-ago earnings of $0.08; revenues rose 14.4% to $21.14 mln (consensus $20 mln) from a year-ago of $18.48 mln. Company sees Q2 revenue flat to +10% vs Q1, or $21.1-23.2 mln vs consensus of $22 mln.

New Focus (NUFO) 16.34 -0.83: Reports Q1 loss of $0.04 a share, $0.02 worse than the First Call consensus of ($0.02); revenues rose 316.7% to $40.76 mln (consensus $39 mln) from a year-ago of $9.78 mln. The 4 cent loss excluded a $28.5 mln inventory writedown. Company says that it has seen additional order cancellations and push-outs in April and is therefore reducing Q2 revenue guidance to $28-32 mln vs consensus of $37 mln; will close facilities and will cut employment to 1,200 from 2,100.

Homestore.com (HOMS) 28.73 -0.70: Reports Q1 earnings of $0.04 a share, $0.04 better than the First Call consensus of $0.00; revenues rose 105.5% to $118.44 mln (consensus $107 mln) from a year-ago of $57.64 mln. Company sees Q2 revenues of $122.5 mln and EPS of $0.11 vs estimates of $109 mln and $0.10; FY01 revenues and EPS of $500 mln and $0.53 vs estimates of $444 mln and $0.45.

Callaway Golf (ELY) 22.78 +0.25: Reports Q1 earnings of $0.47 a share, $0.03 better than the First Call consensus of $0.44, vs year-ago earnings of $0.17; revenues rose 32.4% to $261.37 mln from a year-ago of $197.41 mln.

Electr Data Sys (EDS) 63.27 -0.28: Reports Q1 earnings of $0.56 a share, in line with the First Call consensus of $0.56, vs year-ago earnings of $0.47; revenues rose 9.0% to $4.99 bln from a year-ago of $4.58 bln. CEO says"EDS has seen no slowdown in our overall market."

Affymetrix (AFFX) 35.50 +1.59: Reports Q1 loss of $0.11 a share, $0.04 worse than the First Call consensus of ($0.07); revenues rose 36.4% to $54.89 mln from a year-ago of $40.23 mln.

Halliburton (HAL) 38.62 +1.06: Reports Q1 earnings of $0.25 a share, $0.03 better than the First Call consensus of $0.22, vs year-ago earnings of $0.06.

Chiron (CHIR) 43.79 +0.97: Reports Q1 earnings of $0.19 a share, $0.02 better than the First Call consensus of $0.17, vs year-ago earnings of $0.21; revenues rose 19.8% to $259.59 mln from a year-ago of $216.75 mln.

ANTEC (ANTC) 7.72 +0.23: Reports Q1 loss of $0.12 a share, $0.01 worse than the First Call consensus of ($0.11), vs year-ago earnings of $0.16. Revenues were $212.8 million, an increase of 19.8% sequentially from the fourth quarter of 2000, but down 17.1% as compared to $256.6 million in the first quarter of 2000. Says outlook for the second quarter remains similar to the results achieved in the first quarter (consensus for Q2 is -$0.03).



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• 25-Apr-01 After the close: - NEWS-SERVICE, 26.04.2001, 08:45