Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Adelphia Communications Slides on Debt Concerns

Adelphia Communications (ADLAC) BoA downgraded to buy from strong buy. Salomon cut targets. On Wednesday the company posted $395.3M vs. $275.9M 4Q EBITDA.

Advanced Fibre Communications (ARCI) will acquire AccessLan.

USB Piper believes is Direct Focus (DFXI) poised to report another excellent quarter, and raised its $42 target to $53, and reiterated strong buy.

DB Alex Brown cut its targets on QLT Inc. (QLTI), saying it expects a March 29 announcement from Centers for Medicare & Medicaid Services to be for no national reimbursement coverage for Visudyne, a treatment for blindness in the elderly developed by QLT and Novartis for occult age-related macular degeneration.

Merrill Lynch upgraded Veeco Instruments (VECO) to near-term strong buy from buy, and maintains its long-term strong buy rating.

Alltrista Corp. (ALC) agreed to acquire Tilia International for $160M and expects the acquisition to more than double Alltrista's consumer products revenue.

Talx Corp. (TALX) sees $0.11-$0.13 Q4 EPS on revenue of $10.5M-$11M, citing lower than expected transaction volume in The Work Number. Adams Harkness downgraded to market perform from strong buy.

Prudential upgraded Adobe Systems (ADBE) to buy from hold.

Aksys Ltd. (AKSY) received FDA clearance to market its Personal Hemodialysis System.

Building Materials (BMHC) sees $0.02-$0.04 vs. $0.17 Q4 EPS from operations despite sales 10% higher than a year ago, citing a slowdown in permit activity and inclement weather in the Puget Sound area.

Juniper Networks (JNPR) sees Q1 EPS slightly above breakeven on lower than expected revenue of $120M-$125M. CS First Boston cut estimates. S&P says the preannouncement was expected, and cut the 2002 EPS estimate and maintains hold.

BJ Services (BJS) cut the $0.30-$0.32 Q2 EPS guidance to $0.23-$0.25 and says drilling activity has fallen faster and somewhat deeper than expected in the U.S. and Canadian markets.

Merrill downgraded Charles Schwab (SCH) and other financial service firms, citing valuation. Merrill still sees upside in larger firms such as CitiGroup (C).

Instinet Group (INET) says it may incure a Q1 net operating loss due to a shortfall in broker-dealer revenue. Instinet raised its projected restructuring charge for the first half of 2002 to $55M from $25M. CS First Boston cut estimates.

Press reports say the SEC asked IBM Corp. (IBM) to consider amending its 1999 annual report. S&P maintains buy.

Datum (DATM) cut its Q1 outlook to $17M revenues, and a $0.30 operating loss, which includes $0.05 non-recurring charge related to severance costs.

Watson Pharmaceuticals (WPI) received a not approvable letter from the FDA for Oxytrol, a transdermal oxybutynin therapy for overactive bladder. A Watson unit, Somerset Pharmaceutical, also received a not approvable letter for Emsam, a transdermal therapy for depression. Somerset is also owned by Mylan Labs (MYL).

Qwest Communications (Q) inked a pact with Japan Telecom to jointly offer communications services to multinational corporations needing services between Japan/US and Japan/Europe.

Tollgrade Communications (TLGD) reaffirmed Q1 guidance for revenue of $16M-18M, and $0.06-$0.10 EPS.

Lawson Software (LWSN) inked a software solution contract with Lucent, to replace several internally developed systems at Lucent.

Boeing (BA) says its Boeing Space & Communications unit is strongly positioned to pursue a potential multibillion-dollar contract for the U.S. armed forces' 3G satellite-based mobile commun. system.

blog comments powered by Disqus