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Rambus Slides on Lower Revenue Expectations

Rambus (RMBS) posted $0.03 (pro forma) from operations vs. $0.04 Q3 EPS on a 31% revenue rise and expects Q3 total revenue will decline sequentially by about 20%. Morgan Stanley cut estimates.

Toys R Us Corp. (TOY) lowered Q2 and fiscal 2002 guidance. S&P expects about a $0.15 Q2 loss, and now sees $1.30 fiscal 2002 EPS. S&P maintains accumulate.

UBS Warburg expects Lucent Technology (LU) to achieve Q3 consensus estimate and show improving balance sheet trends. S&P maintains hold, but says the stock could be viewed as a potential short term trade.

CIBC World initiated coverage on Earthlink (ELNK) with strong buy and a $20 target.

Southbanc Shares (SBAN) says it is in preliminary talks with a regional bank holding company regarding possible purchase

of Southbanc Shares. Terms: $28 per Southbanc Shares share in cash and stock.

Visual Networks (VNWK) posted a $0.08 Q2 loss vs. $0.01 EPS on a 37% revenue decline.

CS First Boston initiated coverage on Stratos Lightwave (STLW) with buy.

Universal American Financial (UHCO) priced a secondary offering of a total of 7.2M shares at $5.00.

Allscripts Health (MDRX) will cut 9% of its workforce and take a $3M-$5M related Q3 charge.

Bear Stearns upgraded New York Times (NYT) to buy from attractive.

Wright Medical (WMGI) offered an initial 7.5 million shares at $12.5 per share.

Advanced Micro (AMD) posted $0.05 vs. $0.67 Q2 EPS on a 16% sales decline, and sees a 10%-15% Q3 revenue decline, which would result in an operating loss. S&P and CS First Boston cut estimates.

Juniper Networks (JNPR) posted $0.09 vs. $0.08 Q2 EPS (pro forma) on a 79% revenue rise and sees $0.09 Q3 EPS and $0.10 EPS for Q4. S&P cut estimates. Robertson Stephens upgraded to strong buy.

RSA Security (RSAS) posted $0.17 vs. $0.15 Q2 EPS from operations on a 21% revenue rise. RSA sees $0.03-$0.09 Q3 core operating EPS, $0.11-$0.20 EPS for Q4 and $0.50-$0.75 EPS for 2002. S&P cut the 2001 estimate. CS First Boston and First Albany downgraded.

Visx Inc. (EYE) posted $0.19 vs. $0.07 Q2 EPS from operations on a 2.9% revenue rise. J.P. Morgan downgraded to market performer from long-term buy. S&P maintains hold.

Sipex Corp. (SIPX) sees Q2 revenue of about $20.5M, below its previous guidance of $22M-$24M, citing price declines on some of its telecom products. Sipex will take a charge of $2.6M for write-down of inventory.

Electronics For Imaging (EFII) posted better than expected $0.26 vs. $0.40 Q2 cash EPS on a 5% revenue decline. The company reaffirmed prior guidance for the rest of 2001. S&P maintains accumulate.

Powerwave Technology (PWAV) posted a $0.04 Q2 loss (basic) vs. $0.18 EPS on a 29% revenue decline. Needham cut estimates.

Kimberly-Clark (KMB) sees $0.81 Q2 EPS on a 5% sales rise (including a foreign exchange impact). Assuming no further deterioration in foreign exchange, the company expects 2001 EPS from operations will be toward the low end of analysts'

$3.40-$3.55 range. S&P downgraded and Goldman cut estimates.

Papa John's (PZZA) posted flat June systemwide same store sale and slightly lower Q2 systemwide same store sales. Papa John's expects Q2 EPS will be at or above the upper end of the $0.46-$0.53 range.

Actuate Corp. (ACTU) posted $0.04 vs. $0.04 Q2 EPS (pro forma) despite 33% revenue rise and sees $0.02-$0.04 Q3 EPS on revenue of $30M-$32.5M. CS First Boston reiterates buy.

Great Lakes (GLK) sees lower than expected $0.33-$0.35 Q2 EPS from operations, and initiated a cost savings program. Goldman downgraded to market perform. S&P maintains hold.

Centra (CTRA) posted a $0.14 Q2 loss vs. $0.14 loss despite a 95% revenue rise and sees $46M-$50M 2001 revenue and a $0.38-$0.41 loss from operations. Needham downgraded to buy from strong buy.

Metron Technology (MTCH) posted $0.19 vs. $0.20 Q4 EPS despite a 6.9% revenue rise. Metron says the outlook for Q1 remains cautious; the company has seen no near term signs of recovery.

Safenet (SFNT) posted a $0.13 Q2 loss from operations vs. $0.08 EPS on a 46% revenue decline. Safenet sees $4M-$4.2M Q3 revenue and $18M-$19M revenue for 2001.

Daktronics Inc. (DAKT) sees lower than expected $0.06-$0.08 Q1 EPS on

$38M-$40M revenues.

Inforte (INFT) posted $0.01 vs. $0.13 Q2 EPS on a 24% revenue drop. The company gave guidance for each quarter going forward of $10M revenue with breakeven cash results. Inforte also sees$0.08 2001 cash EPS on $46.6M revenue as well as breakeven 2002 on $40M revenue.

Carbo Ceramics (CRR) posted $0.51 vs. $0.26 Q2 EPS on a 60% revenue


Orasure Technology (OSUR) filed a 510(k) application with FDA for its UPlink reader, and six oral fluid drugs of abuse assays.

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