Broader Markets Look Strong
Stocks appeared set to open higher Monday.
Robertson Stephens upgrades Dell
Computer
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the computer maker from $26 to $35.
According to a report in the Wall
Street Journal the NASD is prepared to release results of a regulatory probe
of Knight Trading
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NITE |
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trading-rule violations.
Extreme Networks
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reaffirmed Q4 earnings coming in between 1 to 2 cents a share with revenues
between $108 million to $110 million.
Vignette
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stating it sees a net loss between 4 to 6 cents verses consensus estimates of a
loss of 2 cents a share.
Computer Access Technology
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named Jean-Louis Gassee as President and Chief Executive Officer replacing Dan
Wilnai, who will remain as Chairman of the Board.
Chiron Corp
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buy cancer maker Matrix Pharmaceutical
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MATX |
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is purchasing MATX to expand its’ cancer drug line.
Lucent Technologies
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LU |
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Patricia Russo to succeed Henry Schacht as Chief Executive Officer.
AOL Time Warner
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AOL |
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to announce that it will buy Bertelsmann’s stake in AOL Europe for $6.75
billion.
SangStat Medical
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expects to be profitable for Q4, citing a 50% rise in revenues and streamlining
control expenses.
Imclone
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JP Morgan from Buy to Market Peform.
Lehman Brothers had cautious comments
on Apple Computer
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Mac World conference.
Compaq Computers
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CPQ |
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upgraded to Strong Buy from Buy by Lehman Brothers citing better than expected
Q4 results.
Goldman Sachs upgraded BEA Systems
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from Market Outperform to Recommended List.
Prudential Securities upgraded Gilead
Sciences
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GILD |
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solid.
Charles Schwab
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SCH |
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downgraded by Bear Stearns from Buy to Attractive due to valuations.
Lehman Brothers upgraded Amgen
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from Buy to Strong Buy saying that AMGN is undervalued in comparison to the
group. The firm raised its price target on AMGN from $79 to $87 a share.
JP Morgan downgraded Coca-Cola
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from Long Term Buy to Market Perform saying its feels that expectations for the
company are too high citing macro-economic headwinds.
ABN Amro upgraded Microsoft
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from Add to Buy.
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