Guest Supply Inks Merger Pact with Sysco
Guest Supply (GSY ) agreed to be acquired by Sysco Corp. (SYY ) for a number of Sysco shares equal to $26.
Texas Instruments (TXN ) posted $0.31 vs. $0.25 Q4 EPS (pro forma) on a 15% revenue rise. The company expects Q1 revenue to decline about 10% sequentially. S&P downgraded its opinion on the shares to avoid.
Computer Associates (CA ) posted $0.42 vs. $0.32 Q3 EPS on a 5.4% revenue rise.
Technitrol Inc. (TNL ) posted $0.88 vs. $0.40 Q4 EPS from operations on 27% higher revenues. The company says it sees $3.42 to $3.53 2001 EPS. S&P reiterated its buy rating on the shares.
Merrill Lynch upgraded American Express (AXP ) to near term buy from accumulate and placed the stock on its Focus One list. The company posted on Monday $0.50 vs. $0.44 Q4 EPS on a 9% revenue rise.
Actionpoint Inc. (ACTP ) announced a new version of its XML-based ActionPoint Dialog Server software product that supports Web server environments running on UNIX.
Cellegy Pharmaceuticals (CLGY ) said it intends to file a new drug application with the FDA earlier than expected, to request marketing approval for Anogesic, a drug used to treat pain associated with chronic anal fissures.
Salomon SB downgraded M-Sys Flash Disk (FLSH ) shares to outperform from buy. Yesterday the company posted $0.14 Q4 EPS vs. breakeven.
OpenWave Systems (OPWV ) posted $0.09 Q2 EPS from operations vs. a $0.05 per share loss on sharply higher revenues. The company sees quarterly revenues for calendar 2001 growing 10%-20% sequentially. Robertson Stephens and Goldman Sachs raised their estimates.
Pivotal Corp. (PVTL ) posted $0.03 Q2 EPS from operations vs. a $0.01 per share loss on sharply higher revenues. BMO Nesbitt placed its estimates under review and reiterated its market perform rating on the Pivotal shares.
FreeMarkets (FMKT ) posted a $0.27 Q4 loss from operations vs. a $0.41 loss on a sharp revenue rise. Goldman Sachs reportedly downgraded its rating on the shares.
EMC Corp. (EMC ) posted $0.25 vs. $0.17 Q4 EPS on 40% revenue rise.
Praxair (PX ) posted $0.76 vs. $0.70 Q4 EPS on a 5.8% sales rise. The company sees $0.73-$0.77 Q1 EPS and 10% 2001 EPS growth, given the expected "soft landing" in the U.S. economy.
Merrill Lynch (MER ) reportedly posted $0.93 Q4 EPS.
Merck & Co. (MRK ) posted $0.75 vs. $0.66 Q$ EPS on 27% sales rise. S&P maintained its hold rating, noting that quarterly growth was the weakest among the past six quarters. Merrill Lynch downgraded the stock.
Silicon Labs (SLAB ) posted $0.13 vs. $0.12 Q4 EPS from operations on 61% revenue rise. The company says deteriorating demand creates uncertainty for 2001. Morgan Stanley Dean Witter reiterated its outperform rating.
Tellabs (TLAB ) posted $0.56 vs. $0.39 Q4 EPS on 42% sales rise. S&P maintained its share rating of accumulate.
Conseco (CNC ) says it remains well ahead of schedule on asset sales/debt reduction. The company says with 11 months to go, it's 85% of the way towards raising cash to retire $2 billion in debt.
Bear Stearns upgraded IMS Health(RX ) to buy from attractive. The company has a $32 12-month target.
Lehman Brothers upgraded PacifiCare Health Systems (PHSY ) to buy from market perform. Separately, the company named Gregory Scott as EVP and CFO.
GATX(GMT ) posted $0.42 vs. $0.52 Q4 EPS from continuing operations, but doesn't expect to meet its 12%-15% 2001 EPS growth goal.
DoubleClick (DCLK ) announces that the Federal Trade Commission has closed its inquiry into the company's ad serving and data collection practices.
Merrill Lynch upgraded Abercrombie & Fitch (ANF ) to buy from accumulate. Dain Rauscher initiated coverage of the stock with a buy rating.
First Boston downgraded Ann Taylor(ANN ) to hold from buy.
American Superconductor (AMSC ) posted a Q3 $0.20 loss vs. a $0.19 loss as higher R&D costs offset its 12% revenue rise. Alliance Bancorp (ABCL ) agreed to be acquired by Charter One Financial (CF )for $5.25 cash, and 0.72 Charter One share per Alliance share.
Centennial Technology (CENL ) agreed to be acquired by Solectron (SLR ) in a deal worth about $108 million.
D.R. Horton (DHI ) raised its quarterly dividend 25%.
Openwave Systems (OPWV ) posted $0.09 Q2 EPS from operations vs. an $0.05 loss, led by a sharp revenue rise. The company sees quarterly revenues for calendar 2001 growing 10%-20% sequentially. Robertson Stephens and Goldman Sachs raised their estimates.
Viad Corp. (VVI ) sees lower than consensus $0.36 Q4 EPS on 7% revenue rise, cites weakness in convention and event services segment.
USB Piper downgraded its rating on InfoSpace (INSP ) to neutral from buy. Yesterday, the company renamed Naveen Jain as CEO; and named Ed Belsheim as COO and Tammy Halstead as CFO.
3D Systems (TDSC ) says Q4 revenue will be only about 10% higher than the year-ago level. The company cites unanticipated slowdown in certain European biz sectors, including. automotive, household appliances, timing of certain machine sales.
Coca-Cola Enterprises (CCE ) posted $0.04 Q4 EPS (including nonrecurring reduction in income tax expense of $0.03) vs. $0.04 loss on slight revenue rise. The company sees 15%-22% EPS growth in 2001.
SAP AG (SAP ) posted EUR 1.16 vs. EUR 1.01 Q4 EPS on a 31% revenue rise. The company sees revenue growth in the 2001 first half slightly exceeding the 2000 rate.
Dynegy (DYN ) posted $0.32 vs. $0.19 Q4 EPS on a 91% revenue rise.
Apache (APA ) agreed to buy REPSOL YPF's oil and gas concession interests in Egypt for US$410M.
American General (AGC ) posted $1.32 vs. $1.17 Q4 EPS from operations on a 4.7% revenue rise. The company raised its dividend 9%, and set a 2-for-1 split.
Vitesse Semiconductor (VTSS ) posted $0.25 vs. $0.11 Q1 EPS (pro forma) on 85% revenue rise. S&P upgraded its rating on the shares to buy from hold.