FEATURED ARTICLES FROM S&P PERSONAL WEALTH
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 Construction (NYSE:GVA).
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