NEW YORK--(BUSINESS WIRE)--March 19, 1999--Read the following
articles exclusively at S&P Personal Wealth
(http://www.personalwealth.com). Standard & Poor's is a division of
the McGraw-Hill Companies:
"S&P Reiterates Buy on Xircom"
Standard & Poor's reiterated its 5 STARS (buy) recommendation on
shares of Xircom Inc. (Nasdaq:XIRC). Analyst Megan Graham-Hackett
notes that the stock was weak Thursday on market fears related to 3Com
Corp.'s (Nasdaq:COMS) earnings shortfall. She says while 3Com also is
a leader in PC cards, such products account for just 10% of its total
and were not the driver of the shortfall. Meanwhile, she notes, XIRC
told S&P that the current quarter is tracking well, with sales in the
Americas and Asia on track and Europe beating its plan. Word on the
Street brings you comments every trading day from Wall Street's top
equity analysts on stocks or industries that are moving significantly.
"S&P Still Negative on Forest Products Industry"
Shares of forest products companies have recently come back in
favor, inspired by booming fourth quarter GDP gains, signs that Asia's
economy is near a bottom, lower pulp inventories, and strong wood
products demand. But S&P equity analyst Michael Jaffe thinks it will
take a long time before the global economy will be able to aid the
forest sector. He says pulp buyers might also be building inventories
to ward off future price hikes and oversupply is still likely to limit
the wood sector. Find out which forest products stocks Jaffe
recommends selling in MarketViews.
"Adobe Systems Posts Strong 1st Quarter, Sees 2nd Quarter Beating
Adobe Systems (Nasdaq:ADBE) posted better than expected first
quarter earnings per share of $0.60 versus $0.38 on a 15% revenue
rise. The company said second quarter earnings per share could be in
the range of $0.62-$0.66, ahead of the current First Call consensus
estimate of $0.55. Other stocks featured in this morning's
MarketMovers include Gucci Group N.V. (NYSE:GUC), NIKE Inc.
(NYSE:NKE), Cambridge Technology Partners (Nasdaq:CATP), VLSI
Technology (Nasdaq:VLSI), Philips Electronics NV (NYSE:PHG), SunSource
Inc. (NYSE:SDP), ESC Medical Systems (Nasdaq:ESCMF), and Granite
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