After Big Loss, Apple Hopes to Regain Its Shine

Apple (AAPL ) posted a $0.58 per share Q1 loss vs. $0.51 EPS on a 57% revenue decline. The company says it plans return to sustained profitability beginning this quarter and expects fiscal 2001 revenue to be about $6 billion.

International Business Machines (IBM ) posted $1.48 vs. $1.12 Q4 EPS on 6% higher revenues. S&P maintains its accumulate rating.

Xilinx Inc. (XLNX ) posted $0.31 vs. $0.20 Q3 EPS from operations on 70% higher revenues. Merrill Lynch cut its estimates.

Advanced Micro Devices (AMD ) posted lower than expected $0.53 vs. $0.21 Q4 EPS on 22% higher revenues. The company sees Q1 revenue flat with Q4. S&P cut its estimates. Robertson Stephens upgraded the stock to buy.

SG Cowen reportedly upgraded Computer Associates (CA ) shares to strong buy from buy.

Salomon SB initiated coverage on Capstone Turbine (CPST ) shares with a speculative buy.

Sanmina (SANM ) posted $0.34 vs. $0.15 Q1 EPS on an 82% revenue rise. Merrill Lynch and Prudential raised their estimates. S&P reiterated its buy rating on the stock.

Photon Dynamics (PHTN ) posted $0.38 vs. $0.21 Q1 EPS from operations on a 50% revenue rise. The company says flat panel display customers delaying investments and it is taking a conservative view for the second half. Needham cut its estimates and price target.

Vignette (VIGN ) posted breakeven 4Q vs. a $0.02 per share loss on a sharp revenue rise. The company sees a $0.01 per share Q1 loss and $0.09 2001 EPS. The company cites the uncertain IT spending environment.

I2 Technologies (ITWO ) posted $0.09 vs. $0.05 4Q EPS (pro forma) on sharp revenue rise. S&P raised its estimates, but maintains a hold rating on the stock.

Credence Systems (CMOS ) sees Q1 revenues at least 40% below Q4 levels. The company cites weakening orders, customer-requested shipment delays. Robertson Stephens downgraded the company's shares to long term attractive from buy.

Symantec Corp. (SYMC ) posted $0.78 vs. $0.56 3Q EPS from operations on 18% revenue rise. The company set a $700 million stock buyback. Pacific Crest reportedly downgraded the shares to buy from strong buy.

Diebold, Inc. (DBD ) sees $0.49 Q4 EPS, vs. previous guidance of $0.52-$0.56. S&P downgraded the stock to hold.

Caterpillar Inc (CAT ) posted $0.76 vs. $0.67 4Q EPS. The company expects 2001 sales and revenues to be about flat with 2000, with a relatively weaker first half as result of slowing GDP in U.S. CAT says 2001 profit projected to be down about 5%-10%.

Sears (S ) posted $1.91 vs. $1.98 4Q EPS from ops as higher costs offset 2.4% revenue rise... Cites slowing economy, sees high single to low double-digit 2001 EPS growth.

UAL Corp (UAL ) posted $1.40 4Q GAAP loss vs. $0.84 GAAP EPS as higher op. costs offset 6.9% revenue rise. The company says due to higher labor costs, fuel prices, expects a Q1 loss and 2001 modest profit.

Redback Network (RBAK ) posted $0.05 vs. $0.02 Q4 EPS (pro forma) on sharp higher revenues. SG Cowen downgraded the stock to buy from strong buy.

Natural Microsystems (NMSS ) posted lower than expected $0.02 Q4 EPS vs. $0.03 loss on 37% higher revenues. Says more uncertain economy, broad-based slowdown in planned communications equip. spending likely to effect 1H '01 results.

Extreme Networks (EXTR ) posted $0.11 vs. $0.06 Q2 EPS (pro forma) on sharply higher revenues.

KLA-Tencor Corp. (KLAC ) posted $0.57 vs. $0.26 Q2 EPS on 73% higher revenues. S&P upgraded the stock to accumulate. CS First Boston raised its estimates and reiterated its buy rating.

Unisys Corp. (UIS ) posted $0.41 vs. $0.46 Q4 EPS from operations on slightly lower revenues. Sees $0.20-$0.25 Q1 EPS on flat revenues (pro forma basis excluding de-emphasized biz).

Ford (F ) posted $0.64 vs. $0.83 Q4 EPS from continuing operations on 3% lower sales. The company cited a weak U.S. vehicle industry conditions.

Efficient Networks (EFNT ) posted narrower than expected $0.12 Q2 loss from operations vs. $0.09 loss as higher expenses offset sharp higher revenues.

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