Inktomi (INKT) sees lower than expected breakeven-$0.01 Q1 EPS on $80M-$81M revenues. The company cites slowdown in infrastructure spending.
Morgan Stanley DW downgraded CacheFlow Inc. (CFLO) shares to neutral from outperform.
UBS Warburg downgraded Macromedia Inc. (MACR) shares to hold from buy.
Tiffany's (TIF) sees $0.56 Q4 EPS vs. $0.58-$0.67 consensus and 10%-15% 2001 EPS growth. The company posted a 2% December same store sales rise and a 2% total sales rise.
Morgan Stanley DW reportedly downgraded Unisource Energy (UNS) shares to neutral from outperform.
Wedbush Morgan ties Hispanic Broadcasting (HSP) and Entravision Communications (EVC) strength to the Fed's interest rate cut.
S&P reiterated its avoid opinion on shares of PG&E Corp. (PCG) and Edison Intl. (EIX).
Resonate Inc. (RSNT) sees a $0.25-$0.28 per share Q4 loss (pro forma) on $5.1$5.4 million in revenues. The company cites slowdown in the North American IT environment. Goldman removed the stock from its recommended list and now rates the shares market perform.
BMC Software (BMCS) sees $0.20-$0.22 Q3 EPS (including $0.02 gain), ahead of guidance co. provided in October. Prudential upgraded the company's shares to strong buy from hold.
CS First Boston thinks the quarter at Cisco (CSCO) so far is in good shape, stock can move up to low $50's near term. Rates strong buy.
Sears Roebuck (S) posted slightly lower December domestic same store sales, flat domestic total sales. To take Q4 charge to reflect closure of 89 under-performing stores.
Prudential upgraded Compuware (CPWR) shares to strong buy from hold.
Maxwell Technologies (MXWL) to supply energy storage cells to GENERAL MOTORS' hybrid electric vehicles. CIBC World upgraded the company's shares to strong buy from buy, raises target.
Ross Stores (ROST) sees $0.44-$0.47 Q1, $1.90-$2.00 2001 EPS. The company posted flat December same store sales, 8% total sales rise.
Read-Rite (RDRT) expects to report greater than expected Q1 EPS and revenue.
Merrill Lynch upgraded Morgan Stanley (MWD) shares to near term buy from accumulate, maintains long term buy.
Best Buy (BBY) posted 3.7% higher December same store sales and 19% higher total sales.
Bear Stearns (BSC) posted $1.36 vs. $1.32 Q4 EPS on 7.5% revenue rise. The company also set a $1.2 billion stock buyback.
Vitria Tech (VITR) sees $0.01-$0.03 Q4 loss from operations on $39M-$41M revenues. Notes large exposure to telecom industry, high number of postponed cancelled orders. Robertson Stephens downgrades.
Abercrombie & Fitch (ANF) sees lower than expected $0.73-$0.75 Q4 EPS. Comfortable it can maintain last year's EPS level for 1H 2001, generate double digit profit growth in Q3, Q4. The company posted 11% lower December same store sales.
Ann Taylor (ANN) sees Q4 same store sales in low negative single digits, Q4 EPS at lower end of $0.38-$0.42 consensus. The company posted slightly lower December same store sales.
Talbots (TLB) posted 13% December same store sales rise, 17% total sales rise. Sees $0.46-$0.48 Q4 EPS.
Wal-Mart (WMT) posted slight December same store sales rise, 6.5% total sales rise.
Intimate Brands (IBI) sees $0.44-$0.48 Q4 EPS. The company posted 3% lower December same store sales, 4% higher total sales.
The Limited (LTD) sees $0.53-0.57 Q4 EPS. The company posted 5% higher December same store sales, 2% higher total sales.
Legg Mason downgraded Black & Decker (BDK) shares to market perform from buy.
Goody's Family (GDYS) says Q4 EPS will be well below expectations, although significantly higher than year ago. The company plans to reduce number of stores it opens this year.