Ralph
12.01.2001, 07:01
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Market Preview For Friday
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Hewlett-Packard [HWP] after Thursday's close reduced its first-quarter earnings expectations to $0.35 to $0.40 a share due to "worsening economic conditions and a deceleration in corporate and consumer IT spending in
recent weeks." Analysts polled by First Call were expecting $0.42 a share. Hewlett shares fell more than 5% in after-hours trading.
Ariba [ARBA] late Thursday reported first-quarter earnings of $0.05 a share, compared with a loss of $0.04 during the same period last year. Analysts expected a profit of $0.02. Ariba shares fell, and then rose in
Thursday's after-hours session.
After Thursday's close,Gateway [GTW] reported fourth-quarter earnings of $0.12 a share, well short of Wall Street forecasts of $0.37 a share.Gateway shares dropped 14% in after-hours trading.
DoubleClick [DCLK] late Thursday announced it broke even on a per-share basis, compared with the loss of $0.02 a share expected by analysts. DoubleClick was higher in after-hours trading.
After Thursday's close, Standard & Poor's announced Carreker [CANI] will replace TelCom Semiconductor [TLCM] in the S&P SmallCap 600 Index after the
close of trading on a date to be announced.
Rambus [RMBS] late Thursday reported a first-quarter pro forma profit of $0.12 a share, which was in line with analysts' expectations. The company, though, said due to a price decrease in SDRAMs in the December quarter, royalties for these products in the next quarter are not expected to
increase. Shares of Rambus fell as much as 11% in after-hours trading.
<u>Word On The Street</u>
"At this juncture, either this first quarter will prove to be a terrific buying opportunity, or we're on the precipice of an Armageddon," says Thomas Galvin of Credit Suisse First Boston.
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Ralph
Market Preview For Friday
=========================================================
Hewlett-Packard [HWP] after Thursday's close reduced its first-quarter earnings expectations to $0.35 to $0.40 a share due to "worsening economic conditions and a deceleration in corporate and consumer IT spending in
recent weeks." Analysts polled by First Call were expecting $0.42 a share. Hewlett shares fell more than 5% in after-hours trading.
Ariba [ARBA] late Thursday reported first-quarter earnings of $0.05 a share, compared with a loss of $0.04 during the same period last year. Analysts expected a profit of $0.02. Ariba shares fell, and then rose in
Thursday's after-hours session.
After Thursday's close,Gateway [GTW] reported fourth-quarter earnings of $0.12 a share, well short of Wall Street forecasts of $0.37 a share.Gateway shares dropped 14% in after-hours trading.
DoubleClick [DCLK] late Thursday announced it broke even on a per-share basis, compared with the loss of $0.02 a share expected by analysts. DoubleClick was higher in after-hours trading.
After Thursday's close, Standard & Poor's announced Carreker [CANI] will replace TelCom Semiconductor [TLCM] in the S&P SmallCap 600 Index after the
close of trading on a date to be announced.
Rambus [RMBS] late Thursday reported a first-quarter pro forma profit of $0.12 a share, which was in line with analysts' expectations. The company, though, said due to a price decrease in SDRAMs in the December quarter, royalties for these products in the next quarter are not expected to
increase. Shares of Rambus fell as much as 11% in after-hours trading.
<u>Word On The Street</u>
"At this juncture, either this first quarter will prove to be a terrific buying opportunity, or we're on the precipice of an Armageddon," says Thomas Galvin of Credit Suisse First Boston.
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Ralph