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THIS MORNING'S STOCKS WEEK OF 7/19/99-7/23/99

7/23/99

GATEWAY (GTW, 62.88)- The PC maker beat estimates by a penny, earning 56 cents a share in its second quarter.  Revenues rose 18% in the quarter and shipments rose 36%.  The company's non PC business accounted for over 10% of income.

GENERAL INSTRUMENT (GIC, 41.94)- The maker of set-top boxes earned 24 cents a share in its second quarter, beating estimates by 2 cents.  Revenues in the quarter grew to $527 million from last year's $489 million, and backlog was $674 million, compared to $595 million last year.

NATIONAL INSTRUMENTS (NATI, 47.25)- The company announced a 3 for 2 stock split.

PILGRIM CAPITAL (PFX, 29.94)- The fund manager has agreed to be acquired by ReliaStar Financial (RLR, 47.5) for $258 million.  Pilgrim shareholders will receive 0.5 shares of ReliaStar plus $12.50 in cash for each Pilgrim share.

REDBACK NETWORKS (RBAK, 148)- The company announced a 2 for 1 stock split.

SUN MICROSYSTEMS (SUNW, 67.19)- The computer maker beat fourth quarter estimates by 2 cents, earning 48 cents a share, an increase of 37% from last year.  Revenues rose 22% to $3.51 billion.

VERIO INC (VRIO, 79)- The company announced a 2 for 1 stock split.

VERTICALNET (VERT, 96.38)- The company announced a 2 for 1 stock split.

7/22/99

ADC TELECOMMUNICATIONS (ADCT, 43.25)- The company will join the S&P 500 after the close on July 30th.

ALLIED WASTE INDUSTRIES (AW, 18.94)- The trash hauler will be added to the S&P 500 after the close on July 30th.

AMAZON.COM (AMZN, 125.43)- The online retailer met estimates with a loss of 51 cents a share in its second quarter, compared to last year's 12 cent loss.  Revenues rose 171% to $314.4 million in the quarter, at the top end of estimates.  The company expects third quarter sequential revenue growth to top the second quarter's 7% growth rate, but expects to increase its spending in the second half and into next year.  The shares fell 3 1/2 in after hours trading despite the company's announcement of a 2 for 1 stock split.

AMERICA ONLINE (AOL, 115.06)- The S&P 500 component beat fourth quarter estimates by 2 cents and met its whisper number, earning 13 cents a share.  Revenues rose 46% to $1.38 billion in the quarter, and advertising and e-commerce revenues jumped 87% to $306 million.  Membership gre by 755,000 in the fourth quarter, slightly below expectations.

CENDANT CORP (CD, 21.19)- The direct marketing company beat second quarter estimates by 2 cents, earning 24 cents a share.  Revenues rose 8% to $1.38 billion in the quarter.

LEGATO SYSTEMS (LGTO, 74.56)- The company reported a 222% jump in second quarter profits to 29 cents a share, beating estimates by 3 cents.  Revenues rose 65% to $62 million in the quarter.  The company also announced a 2 for 1 stock split.

PHILIPS ELECTRONICS (PHG, 103.63)- Shares of the Dutch electronics company are down 5% in European trading after it reported a 9% drop in second quarter profits.

SILICON GRAPHICS (SGI, 16)- The computer maker surprised with a fourth quarter return to profitability.  SGI posted a profit of 12 cents a share, analysts were looking for a loss of 4 cents. Revenues rose to $662 million in the quarter, from last year's $619 million.

7/21/99

AMRESCO (AMMB, 5.75)- The financial services company missed estimates by 9 cents, earning 20 cents a share in its second quarter.  The company also said that it is in talks to be acquired.

CENTOCOR (CNTO, 49.5)- The stock is up 4 1/2 in European trading after the Wall Street Journal reported that Johnson & Johnson is prepared to buy the biotech for $4.9 billion.

CHASE MANHATTAN (CMB, 80.88)- The banking giant reported second quarter earnings of $1.55 a share, beating estimates by 19 cents.  Operating revenues jumped 13% to $5.7 billion.  The stock is up 5/8 in Europe on the better than expected results.

CLOROX CO (CLX, 110.25)- The bleach maker announced a 2 for 1 stock split.

MP3.COM INC (MPPP, -)- The music websites shares were priced at $28 last night.  Trading begins today.

RF MICRO DEVICES (RFMD, 72.38)- The wireless component maker beat estimates by 3 cents, earning 25 cents a share in its fiscal first quarter.  Revenues rose 165% to $62 million in the quarter.  The company also announced that it will split its stock 2 for 1.

7/20/99

CBRL GROUP (CBRL, 18.13)- The restaurant operator warned that fourth quarter and full year earnings will be below expectations.  The company sees $0.21-$0.25 in the quarter and $1.16-$1.20 for the year, compared to analysts  expectations of $0.37 in the quarter and $1.32 for the full year.  The company cited lower than expected same store sales, margin pressures, and higher S, G, & A expenses for the profit shortfall.

CORNING INC (GLW, 71.63)- The company earned 49 cents a share in its second quarter, an increase of 26%, beating estimates by 3 cents. Revenues rose 19% to $1.02 billion in the quarter.

HELIX TECHNOLOGY (HELX, 28.06)- The company beat estimates by 3 cents, earning 13 cents a share in its second quarter.  Revenues rose to $32.5 million from $25.7 million in last year's second quarter.

IBM (IBM, 134.63)- The computer maker beat estimates by 3 cents a share, but missed its whisper number by a penny, earning 91 cents in its second quarter.  Revenues in the quarter increased to $21.9 billion from $18.8 billion.  The shares rose 1 1/4 in after hours trading on the news.

KEMET CORP (KMET, 23.75)- The maker of ceramic capacitors beat estimates by 3 cents, earning 12 cents a share in its second quarter, an increase of 214%.  Revenues rose 18% to $134.2 million.

MICROSOFT (MSFT, 98.38)- The software maker reported a 62% jump in fourth quarter profits to 40 cents a share, beating estimates by 4 cents and the whisper number by 2 cents.  Revenue increased 39% to $5.76 billion in the quarter.  The shares fell 3/4 in after hours trading after the company warned that fiscal 2000 revenue growth would slow due to Y2K uncertainty, "slowing PC demand", and "uncertain global economic conditions".

QUALCOMM (QCOM, 158.69)- The cellular technology company beat estimates by 12 cents, earning 75 cents a share in its third quarter.  Revenues increased 15% to $1 billion in the quarter.

ZOMAX (ZOMX, 48.38)- The company beat estimates by 5 cents, earning 60 cents a share in its second quarter.  Revenues rose 279% to $55.1 million.  The company also announced a 2 for 1 stock split.

7/19/99

ELF AQUITAINE (ELF, 90.63)- The French oil company has made a 50.3 billion euro counter bid for Total Fina (TOT, 66.81).  Earlier this month Total Fina made a hostile $48 billion offer for ELF.

LOCKHEED MARTIN (LMT, 38.88)- The defense contractor has won a $2.5 billion contract from the Israeli government to build F-16 fighter planes.

METATEC INTERNATIONAL (META, 5.38)- The optical disc manufacturer warned that second quarter sales and earnings will be below expectations.  The company expects to lose 8 to 12 cents a share in the quarter.

PULITZER INC (PTZ, 46.94)- The newspaper publisher earned 48 cents a share in its second quarter, beating estimates by 2 cents.  Revenues rose 4.8% to $98.7 million.

US WEST (USW, 60.25)- The bidding war between Global Crossing and Qwest Communications for US West and Frontier Corp. has ended. US West has accepted a $36 billion merger offer from Qwest Communications.  Frontier Corp. meanwhile has accepted an $11 billion merger bid from Global Crossing.

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Last modified: April 02, 2000

Published By Tulips and Bears LLC