MASTERING
THE TRADE
ORIGINAL, INTERACTIVE SEMINAR ON TRADING USING
TECHNICAL ANALYSIS 

 SEC FILINGS

ALLIANCE FIBER OPTIC PRODUCTS (AFOP, 3.98)- The provider of fiber optic components warned that its second quarter results will fall short of expectations due to continued industry-wide weakness.  The company now sees revenues slumping to $4.5-$5.0 million from the first quarter's $7.4 million, and expects to report a loss of five cents per share.  Analysts were looking for a breakeven quarter.

BEAZER HOMES USA INC (BZH, 62.65)- The homebuilder has agreed to acquire Sanford Homes of Colorado in a $64 million cash and stock deal.  The company expects the acquisition to be $0.30 per share accretive to 2002 earnings.

DOW CHEMICAL CO (DOW, 34.04)- The chemical maker warned that its second quarter earnings will fall short of expectations due to lower than expected demand.  The company now sees earnings below its previous guidance of $0.35-$0.45 per share, but expects to exceed the $0.28 low end of analysts' current range of estimates.

HELIX TECHNOLOGY CORP (HELX, 30.45)- The maker of vacuum subsystems used in semiconductor manufacturing warned that its second quarter results will fall short of expectations.  The company now sees second quarter revenues tumbling 41%-46% sequentially, and expects to report a loss of ($0.15)-($0.18) per share.  Analysts were looking for a profit of 11 cents.  The shares fell 2.85 in after hours trading on the news.

INGERSOLL-RAND CO (IR, 43.51)- The maker of industrial and commercial equipment warned that its second quarter and full year results will fall short of expectations due to continued economic weakness.  The company now sees second quarter earnings of $0.54-$0.58 per share and full year earnings of $2.25-$2.50.  Analysts were looking for earnings of 77 cents in the second quarter and $2.93 for the full year.  The company now expects its second quarter revenues to decline 10% from last year's levels, compared to previous guidance of a 7% drop.

MSC INDUSTRIAL DIRECT CO (MSM, 15.31)- The distributor of maintenance and repair products met expectations as its third quarter earnings, excluding charges, fell 25% to 18 cents per share.  Revenues in the quarter declined 3.8% to $204.8 million.  The company warned that it sees fourth quarter earnings of $0.12-$0.14 per share, compared to analysts' estimates of 16 cents.

PMC-SIERRA INC (PMCS, 29.15)- The maker of communications chips warned that its second quarter results will fall short of expectations.  The company now sees revenues of $93-$95 million, and expects to report a loss of ($0.07)-($0.09) per share.  Analysts were looking for a loss of one cent and revenues of $102 million.  The company attributed the lowered forecast to "weakness in customer demand".  The shares are up 1.41 in pre-open trading on the news.

SCOTTS CO (SMG, 42.05)- The maker of lawn and garden care products warned that its third quarter earnings will fall short of expectations.  The company now sees earnings of $1.88-$1.98 per share, compared to analysts' estimates 9f $2.02.

AT&T WIRELESS GROUP (AWE, 16.02)- The provider of wireless services will join the S&P 500 Index after the close on July 6th.

MACROMEDIA INC (MACR, 18.72)- The maker of web design and development software warned that its first quarter earnings will fall short of expectations due to a steep decline in sales of professional web development software.  The company now sees revenues of $85-$90 million, and expects to post a loss of ($0.15)-($0.20) per share.  Analysts were looking for revenues of $94 million and a profit of 14 cents.  The shares fell 2.72 in after-hours trading on the news.

POTLATCH CORP (PCH, 35.06)- The maker of forest products will move from the S&P 500 Index to the S&P MidCap 400 Index on July 6th.

REDBACK NETWORKS (RBAK, 11.31)- The maker of telecom networking equipment warned that its second quarter results will fall significantly below expectations due to continued weakness in the global telecom industry.  The company now sees revenues of $55-$60 million, and expects to report a loss of ($0.27)-($0.32) per share.  Analysts were looking for revenues of $88 million and a loss of 10 cents.  The shares fell 2.11 in after-hours trading on the news.

REPTRON ELECTRONICS INC (REPT, 4.60)- The distributor of electronic components warned that its second quarter results will fall short of expectations.  The company now sees revenues of $95-$102 million, and expects to report a loss of ($0.65)-($0.70) per share in the quarter.  Analysts were looking for a loss of 12 cents.  The company said it plans to reduce its staff by 20%.

3COM CORP (COMS, 4.84)- The networking company missed estimates by 12 cents as its fourth quarter loss widened to 61 cents per share from last year's loss of 42 cents.  Revenues in the quarter fell to $468 million from last year's $763.7 million.  Analysts were looking for revenues of $475 million.  The shares fell 0.21 in after hours trading on the news.

DEAN FOODS CO (DF, 39.35)- The processor and distributor of dairy products missed estimates by 15 cents as its fourth quarter earnings slid to 43 cents per share from last year's 83 cents.  Revenues in the quarter rose 12.6% to $1.16 billion

MEDIA 100 INC (MDEA, 1.74)- The provider of digital media design services missed estimates by 31 cents as its second quarter loss widened to 38 cents per share from last year's loss of three cents.  Revenues in the quarter fell to $12.2 million from last year's $20.6 million.

PARK ELECTROCHEMICAL CORP (PKE, 24.10)- The maker of electronic materials used in circuit boards beat estimates by two cents as it reported a first quarter loss of 16 cents per share, compared to last year's profit of 50 cents.  Revenues in the quarter slumped to $69.1 million from last year's $120.2 million.

TOPPS COMPANY (TOPP, 9.87)- The maker of collectible trading cards beat estimates by 12 cents as its first quarter earnings fell to 26 cents per share from last year's loss of 62 cents.  Revenues in the quarter declined 39.4% to $87.5 million.  The company attributed the revenue decline to a significant decline in demand for Pokemon related products.

VITESSE SEMICONDUCTOR (VTSS, 16.57)- The chipmaker warned that its third quarter results will fall short of expectations due to order cancellations and continued weak industry conditions.  The company now sees revenues of $60 million and expects to report a loss of six cents per share.  Analysts were looking for revenues of $94 million and a profit of three cents.  The company said it is not currently planning any additional job cuts.  The shares rose 0.19 in after hours trading.

XILINX INC (XLNX, 43.85)- The chipmaker warned that it now expects its first quarter revenues to tumble 32% sequentially to $276 million, compared to previous guidance of a 15%-20% drop.  The shares fell 2.78 in after hours trading on the news.

APPLIED MICRO CIRCUITS CORP (AMCC, 14.20)- The maker of fiber optic chips warned that its fiscal first quarter earnings will fall significantly below expectations.  The company now sees revenues of $40-$45 million and expects to report a loss of ($0.04)-($0.06) per share.  Analysts were looking for breakeven earnings and revenues of $73 million in the quarter.  The shares fell 1.20 in after hours trading on the news.

CHEAP TICKETS INC (CTIX, 16.19)- The seller of discounted airline tickets warned that its second quarter results will fall short of expectations.  The company now sees revenues of $27.5-$29 million and earnings of $0.04-$0.05 per share.  Analysts were looking for earnings of 22 cents.  The company attributed the shortfall to "market factors" and below forecast ticket sales.  The shares tumbled 5.09 in after hours trading on the news.

EMERSON RADIO CORP (MSN, 1.58)- The maker of televisions and radios, and direct marketer of sports related equipment reported flat fourth quarter earnings of two cents per share.  Revenues in the quarter increased 27.5% to $56.1 million.

INFOTOPIA INC (IFTA, 1.86)- The maker of infomercial hawked health and fitness products said it expects its second quarter revenues to rise 50% sequentially to $36 million.  The company now sees second quarter earnings of 88 cents per share.  The company attributed its growth to strong sales of "Body By Jake Bun and Thigh Rockers".  Separately, the company said it has filed a lawsuit against Lycos Terra Network and Raging Bull.com related to messages posted on financial site Raging Bull's message boards.

LONGS DRUG STORES CORP (LDG, 23.78)- The drug store operator will move from the S&P 500 Index to the S&P MidCap 400 Index after Friday's close.  The shares fell 0.78 in after hours trading on the news.

OUTBACK STEAKHOUSE INC (OSI, 27.95)- The steakhouse operator warned that its second quarter earnings will fall short of analysts' expectations due to higher costs and below forecast same store sales growth.  Analysts were looking for the company to earn 52 cents per share.

PRI AUTOMATION INC (PRIA, 15.02)- The maker of factory automation systems warned that its third quarter results will fall short of expectations due to a sharp downturn in the semiconductor industry.  The company now sees revenues of $68 million, and said it expects to report a larger than expected loss in the quarter.  Analysts were looking for revenues of $78 million and a loss of 13 cents per share.

ROBERT HALF INTERNATIONAL (RHI, 25.02)- The provider of specialized professional staffing services warned that its second quarter and full year results will fall short of expectations due to continued economic weakness.  The company now sees second quarter revenues of $640-$650 million and earnings of $0.20-$0.22 per share, compared to analysts' estimates of revenues of $715 million and earnings of 25 cents per share.  The company sees full year earnings of $0.80-$0.90 per share and revenues of $2.5-$2.7 billion, compared to analysts' estimates of revenues of $2.9 billion and earnings of $1.04.

ROCKWELL COLLINS (COL.wi, -)- The maker of aviation communications products will join the S&P 500 Index after Friday's close.

TECUMSEH PRODUCTS CO (TECUA, 49.72)- The maker of hermetic compressors and power train products warned that its second quarter earnings will fall short of previous guidance.  The company now sees earnings of $0.85-$0.95 per share, compared to previous forecast of $1.00-$1.10.  The company attributed the shortfall to weak sales of lawn and garden products.

APOLLO GROUP INC (APOL, 38.61)- The provider of adult education services beat estimates by six cents as its third quarter earnings jumped 52.6% to 29 cents per share.  Revenues in the quarter increased 27.9% to $214.3 million, above analysts' estimates of $206 million.  The company said it sees fourth quarter earnings of 24 cents per share.  Analysts were looking for the company to earn 21 cents.

IMC GLOBAL CORP (IGL, 10.18)- The phosphates producer warned that its second quarter earnings will be "only slightly better than breakeven".  Analysts were looking for the company to earn 12 cents per share.

LUFKIN INDUSTRIES (LUFK, 24.53)- The maker of oilfield pumping units and power transmission products said it expects to beat analysts' second quarter earnings estimates of 52 cents per share.  The company now sees earnings of $0.68-$0.75 in the quarter.

MONACO COACH CORP (MNC, 26.21)- The motorhomes maker has agreed to acquire motorhomes maker SMC Corporation (SMCC, 3.00) for $3.70 per share in a $36 million cash deal.  The company said the deal will give it an industry leading 20.6% marketshare of the motorhomes market.
MNC
SMCC

SIERRA WIRELESS INC (SWIR, 19.40)- The maker of wireless components warned that its second quarter and third quarter results will fall short of expectations due to continued economic weakness.  The company now sees second quarter revenues of of $18-$20 million and expects to report a loss of ($0.05)-($0.09), compared to analysts' estimates of revenues of $24 million and a profit of three cents.  The company now sees a breakeven third quarter and revenues of $21 million, compared to analysts' estimates of revenues of $25 million and earnings of four cents.

SUNQUEST INFORMATION SYSTEMS (SUNQ, 14.74)- The provider of clinical data management software products has agreed to be acquired by U.K. software maker Misys Plc for $24 per share in a $374 million all-cash deal.

UNIVERSITY OF PHOENIX ONLINE (UOPX, 37.80)- The provider of online higher education programs beat estimates by eight cents as it reported third quarter earnings of 17 cents per share.  Revenues in the quarter rose to $54.1 million from last year's $28.4 million.  The company said it sees fourth quarter earnings of 15 cents per share, above analysts' estimates of 11 cents.