Yahoo! Issues 2001 Revenue Warning

Yahoo! (YHOO ) posted $0.13 Q4 EPS (pro forma) on a 53% revenue rise. The company sees $0.04-$0.07 Q1 EPS on $220M-$240M in revenues and $0.33-$0.43 2001 EPS on $1.2B-$1.3B in revenues. ABN Amro and UBS Warburg each downgraded their rating on YHOO to reduce. S&P maintains its hold opinion.

Rational Software (RATL ) posted $0.20 vs. $0.13 Q3 EPS (pro forma) on 47% higher revenues. S&P maintains buy.

CIBC World sees Ariba (ARBA ) meeting or modestly exceeding its $0.03 Q1 EPS estimate and reiterates its strong buy rating.

Merrill Lynch believes TriQuint Semiconductor (TQNT ) is one of the best-positioned companies in the wireless sector and reiterated its near and long term buy rating.

Thomas Weisel initiated coverage on CIENA Corp. (CIEN ) shares with a strong buy rating.

Goldman reinstated coverage on Exodus Communications (EXDS ) shares and added the stock to its recommended list.

Robertson Stephens downgraded CNET Networks (CNET ) to long term attractive from buy. Goldman removed the stock from its recommended list, and now rates CNET market outperform.

DB Alex Brown downgraded its rating on Electronic Arts (ERTS ) to market perform from buy.

Playtex (PYX ) sees $0.02-$0.04 Q4 EPS on a 5% sales decrease and $0.57-$0.59 2000 EPS. The company also sees mid-single digit 2001 sales growth due to uncertain economic environment.

Centura Banks (CBC ) posted $0.90 vs. $0.89 Q4 EPS on an 11% interest income rise. The company sees 8%-10% 2001 EPS growth, in line with the consensus range of $3.56-$3.81.

The Shaw Group (SGR ) posted $0.31 vs. $0.22 Q1 EPS on a sharp sales rise. (PPRO ) two HONEYWELL units select co. to create e-marketplaces to help their respective users save time, streamline procurement processes, cut costs. Motorola (MOT ) posted $0.15 vs. $0.25 Q4 EPS as higher manufacturing costs and operating expenses offset an 11% sales rise. Results were in line with the company's lowered guidance.

Bowater (BOW ) sees $1.00-$1.10 Q4 EPS from operations due to lower shipments of market pulp and higher operating costs.

Macrovision (MVSN ) sees better than expected $105M-$110M 2001 revenue, and expects EPS to exceed $0.80.

LeCroy Corp. (LCRY ) sees better than expected $0.15-$0.19 Q2 EPS on $34M-$35M in revenues. The company cites strength in sales of its WavePro line of oscilloscopes and improved gross margin.

FirePond (FIRE ) sees a $0.19-$0.24 Q1 loss per share from operations on revenue of $14M-$15.5M. FirePond cites a global slowdown in IT spending, which is delaying the signing of new contracts, and slower implementations.

Gucci Group's (GUC ) Gucci Division posted more than 25% higher December sales on a comparative 5-week basis, in constant currency.

Gene Logic (GLGC ) entered into a research collaboration with Pfizer (PFE ) to co-design and develop a custom microarray based on Affymetrix's (AFFX ) GeneChip technology, for mechanistic toxicology studies.

AmeriCredit (ACF ) posted $0.57 vs. $0.36 Q2 EPS from operations. He sees $0.59-$0.61 Q3 EPS and $2.29-$2.33 for fiscal 2001.

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