Music to Investors' Ears: MP3 Loss Shrinks (MPPP ) posted a $0.05 Q4 loss vs. a $0.17 loss (pro forma) on a 44% revenue rise.

Celestica Inc. (CLS ) posted $0.52 vs. $0.22 Q4 EPS on a sharp revenue rise. The electronics manufacturer sees 33% 2001 revenue growth, and $2.05-$2.10 EPS. S&P maintained its accumulate ranking. CIBC World, CS First Boston and Robertson Stephens raised their estimates.

Digex (DIGX ) posted a $0.65 Q4 loss vs. a $0.36 loss as higher costs offset a sharp revenue rise. The web-hosting firm sees a $13 million-$15 million Q1 EBITDA loss and a $0.73-$0.77 Q1 net loss, as well as a $10 million-$20 million 2001 EBITDA loss and a $2.60-$2.65 2001 net loss.

Quaker Oats (OAT ) posted $0.37 vs. $0.33 Q4 EPS on a 4.9% sales rise.

Sprint (FON ) posted $0.41 vs. $0.47 Q4 EPS on a slight revenue decline.

Midway Games (MWY ) posted a $0.08 Q2 loss vs. $0.48 EPS on a 48% revenue decline. S&P downgraded the entertainment-software firm to avoid from hold and put its estimates under review.

Borders Group (BGP ) sees $1.22-$1.24 Q4 EPS from continuing operations and $1.20-$1.22 EPS for fiscal 2001. The multimedia concern says comparable store sales for Borders stores increased slightly in Q4. Borders also sees $1.38-$1.40 EPS for fiscal 2002.

Kana Communications (KANA ) announced the resignation of CFO Brian Allen. The communications-software seller says it is actively searching for a replacement.

Lear (LEA ) posted better than expected $1.35 vs. $1.36 Q4 EPS on a 2.9% sales drop. The company, which specializes in interior automotive systems, notes the negative impact of lower production levels and foreign currency, which was offset by aggressive cost actions and less shares.

IMR Global (IMRS ) sees lower than expected $0.14-$0.16 2000 EPS before charges on $256 million in revenues. The software firm says it's in discussions on possible strategic alternatives for its business. Raymond James downgraded its rating on the shares from strong buy to market perform.

Needham initiated coverage of Packeteer (PKTR ) with a buy.

CS First Boston downgraded Network Appliance (NTAP ) to hold from buy.

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