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Akamai and Oracle in Joint Web Deal

Akamai Technology (AKAM) and Oracle will jointly develop and deliver Edge Side Includes, an open specification for assembling Web pages. CS First Boston reiterates buy.

Lehman believes catalysts are in place for a sustained rally in Louisiana-Pacific's (LPX) wood product prices.

CS First Boston reiterates buy on Research In Motion (RIMM).

DB Alex Brown expects Oracle (ORCL) to guide Q4 estimates lower.

Broadcom (BRCM) introduced its NetXtreme BCM5701; says its small footprint and high level of integration will enable desktop PC manufacturers to offer Gigabit network interface cards at less than $99.

Pulaski Financial (PULB) says it will not pursue an acquisition of First Bancorp Ind. (FBEI) First Boston downgraded First Bancorp.

CS First Boston downgraded Focal Communication (FCOM) to hold from buy after the company reported a Q1 loss of $0.55 vs. $0.35.

Prudential downgraded Dollar General (DG) as the company expects to delay its 10-K filing in anticipation of restating financial statements for the last 3 years due to accounting irregularities. S&P rates neutral.

Thomas Weisel thinks Advanced Micro (AMD) is in a position to capture even more market share from Intel.

CIBC World downgraded Impath (IMPH) to buy from strong buy, citing near term fundamental concerns.

Doncasters PLC (DCS) and RCG Holdings (RCG)reached an agreement on terms for which RCG will buy Doncasters for $27.50 per ADS cash. Each Doncasters ADS represents two ordinary shares.

Computer Associates (CA)says a New York Times article questioning

its new buisness model is misleading and at times, false. S&P maintains hold. CIBC World maintains buy. DB Alex. Brown reiterates strong buy.

McKesson HBOC (MCK) posted $0.31 vs. $0.22 Q4 EPS from operations on 23% total revenue rise. JP Morgan ugpraded to long term buy from market perform.

Pier 1 Imports (PIR) sees a flat-2% Q1 same-store sales rise, citing lower than expected average transactions. The company sees EPS of $0.12-$0.16 in Q1, and of $1.00-$1.05 for all of fiscal 2002 (Feb).

CS First Boston, CIBC World, and SG Cowen initiated coverage of Select Medical (SLMC) with a strong buy recommendation.

DB Alex. Brown upgraded Transkaryotic Therapies (TKTX) to strong buy from market perform.

Thomas Weisel thinks Advanced Micro Devices (AMD) is in position to capture even more market share from Intel.

USB Piper says Intel (INTC) stock is valued at the upper end of its historical forward EPS multiple. Without a fundamental bottom until the September quarter, Piper thinks the stock remains in a trading range.

Dollar General (DG) expects to delay filing of its 10-K in anticipation of restating financial statements for the last 3 years due to accounting irregularities. Prudential downgraded the shares to sell from hold.

UBS Warburg upgraded Thermo Electron (TMO) to strong buy from buy. On Apr. 27, the company posted $0.21 vs. $0.16 Q1 cash EPS.

Jeffries reportedly downgraded IndyMac Bancorp (NDE) to accumulate from buy.

Mercury General (MCY) posted $0.40 vs. $0.53 Q1 EPS from operations. The company says its loss ratio in the quarter was higher due largely to an increase in recorded severity on California automobile claims.

Aurora Biosciences (ABSC) agreed to be acquired by Vertex Pharmaceuticals (VRTX) in a $592 million deal. In the deal, 0.62 of a Vertex share will be exchanged for each Aurora share.

b>Questar Corp. (STR) posted $0.80 vs. $0.62 Q1 EPS on a 67% revenue rise. Questar is confident it can meet or exceed the current consensus 2001 EPS estimate of $2.03.

Energy East (EAS) posted $0.98 vs. $0.83 Q1 EPS on a 90% revenue rise.

Avant Corp. (AVNT) posted $0.48 vs. $0.41 Q1 EPS (pro forma) on a 10% revenue rise.

Accredo Health (ACDO) posted $0.18 vs. $0.12 Q3 EPS on a 36% revenue rise. Accredo raised its fiscal 2001 EPS estimate to $0.63-$0.65 and its fiscal 2002 estimate to $0.77-$0.81.

Packard Biosciences (PBSC) submitted an application to the SEC for withdrawal of its Registration Statement relating to offering of 10M shares of Packard stock by selling stockholders.

PMC-Sierra (PMCS) set a shareholders rights plan.

Extreme Networks (EXTR) set a shareholders rights plan.

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