Yahoo! Rises on Takeover Rumors

RF Micro warns on revenues; Macromedia agrees to buy Allaire

Shares of Yahoo! (YHOO ) are seen higher on rumors that Viacom (VIA ) will make an offer for the company. Yahoo! and Viacom were unavailable for comment.

Intel (INTC ) posted $0.38 vs. $0.34 Q4 EPS from operations on a 6% revenue rise. The company sees sequentially lower Q1 revenue and gross margin. USB Piper and S&P cut their estimates.

Juniper Networks (JNPR ) posted $0.24 vs. $0.01 Q4 EPS (pro forma) a on sharp revenue rise. S&P initiates coverage with hold.

DB Alex Brown upgraded eBay (EBAY ) to buy from market perform. Prudential downgraded Home Depot (HD ) to hold from strong buy.

RF Micro (RFMD ) posted $0.05 vs. $0.07 Q3 EPS as lower than expected orders offset 9.2% revenue rise. The company sees about a 10% drop in Q4 revenues from Q3 and $0.02-$0.03 EPS.

Epimmune (EPMN ) and The Scripps Research Institute reported a new epitope-based vaccine can overcome immune tolerance to chronic hepatitis-B virus in animal model.

Lehman reportedly downgraded Burlington Resources (BR ) to neutral from outperform.

Actuate Corp. (ACTU ) posted $0.07 vs. $0.03 Q4 EPS (pro forma) on a sharp revenue rise. BB&T Capital upgraded the shares to long term buy from hold.

Rudolph Tech (RTEC ) is among the semiconductor equipment stocks that could benefit from Intel's 2001 capital expenditure budget. CIBC World reiterated its strong buy rating.

Handspring (HAND ) posted a $0.15 Q3 loss per share vs. a $0.32 loss on a sharp revenue rise.

Vyyo Inc. (VYYO ) posted a $0.15 Q4 loss per share vs. a $0.17 loss (pro forma) on a sharp revenue rise. Vyyo expects 2001 revenues to exceed $60M, and to reach breakeven in Q4.

Elantec Semi (ELNT ) posted $0.37 vs. $0.13 Q1 EPS on a sharp revenue rise. The company sees $0.38 Q2 EPS on a slight sequential revenue rise and FY 01 EPS of $1.52-$1.58.

Concord Communications (CCRD ) says it will report $0.06 Q4 EPS (pro forma) on $26M in revenue.

Applied Micro Circuits (AMCC ) posted $0.16 vs. $0.05 Q3 EPS on a 27% sales rise. The company sees Q4 sequential revenue growth in the high-teens. S&P raised its estimates.

Novellus (NVLS ) posted $0.76 vs. $0.27 Q4 EPS (pro forma) on a sharp revenue rise. S&P maintains hold.

Teradyne (TER ) posted $0.66 vs. $0.42 Q4 EPS on a 44% revenue rise. The company sees $0.30 Q1 EPS on shipments expected to be 20% lower sequentially.

Linear Technology (LLTC ) posted $0.34 vs. $0.20 Q2 EPS on a 59% sales rise. Linear expects Q3 sequential sales and profits to grow about 8%-10%. S&P maintains accumulate.

Hutchinson Tech (HTCH ) posted $0.03 vs. $0.25 Q1 EPS from operations on a 4% sales decline. The company sees a $0.23-$0.48 Q2 loss per share, excluding severance charges. Hutchinson will further cut its workforce.

Washington Mutual (WM ) posted $0.94 vs. $0.80 Q4 EPS on 4% higher net interest income. The company raised its quarterly dividend 3.3%.

Macromedia (MACR ) agreed to acquire Allaire (ALLR ) in a deal valued at about $360M. Also, Macromedia posted $0.29 vs. $0.15 Q3 EPS. S&P downgraded MACR to hold.

Minnesota Mining & Mfg. (MMM ) posted $1.12 vs. $1.10 Q4 EPS on slightly higher sales and 8.5% higher volumes. 3M says EPS were below its expectations due to a strong U.S. dollar and a slowing economy.

WebTrends (WEBT ) agreed to be acquired by NetIQ (NTIQ ) in a deal valued at about $1B. Terms: 0.480 NTIQ share per WEBT share, which values WebTrends at $36 per share.

Tyco Intl. (TYC ) posted $0.57 vs. $0.46 Q1 EPS on a 21% revenue rise.

Ethan Allen (ETH ) posted $0.58 vs. $0.59 Q2 EPS as start-up costs from its Dublin, Va., facility offset a 7% sales rise. Going forward, the company sees 3-4% sales growth and EPS close to those of the prior year.

Continental Airlines (CAL ) posted $0.61 vs. $0.42 Q4 EPS from operations on a 13% revenue rise.

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