Broader Markets Look Weak On The Open
Stocks appeared set to open lower
after the AFC New England Patriots took the title of Super Bowl Champions last night.
GREAT
JOB
PATRIOTS!!
According to a report in the Wall
Street Journal, Tyco International
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TYC |
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PowerRating) spent approximately $8 billion over
the past three years that the company had not previously disclosed.
ILEX Oncology
(
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PowerRating) named
Michael Dwyer to Chief Financial Office and Executive Vice President.
Right Management Consultants
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RMCI |
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PowerRating)
reported earnings of $6.3 million or 39 cents a share compared to $2.5 million
or 17 cents for the same quarter a year ago.
Elan Corp
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ELN |
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PowerRating) posted Q4 earnings
of 56 cents a share on total revenues of $487.6 million vs. $424.4 million
for the same quarter a year ago.
Enron
(
ENE |
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PowerRating) Chairman Kenneth Lay
has decided not to testify on Capitol Hill — after a number of senators and House
members who appeared on Sunday talk shows insinuated that Lay and other Enron
executives engaged in criminal acts.
Health Care REIT
(
HCN |
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PowerRating) reported Q4
earnings of 62 cents a share on a diluted basis compared to 66 cents a share for
the same quarter a year ago. According to a poll taken by Thomson
Financial/First Call, analysts’ estimates were for 62 cents.
Direct seller Nu Skin Enterprises
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PowerRating)
posted earnings of 16 cents a share or $13.6 million compared with 19 cents a
share or $16.2 million for the same quarter a year ago.
Enterasys Networks
(
ETS |
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PowerRating) has
decided to delay the spin-off of Aprisma Management Technologies one of the
company’s subsidiaries.
Enron
(
ENE |
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PowerRating) auditor Arthur
Anderson LLP has hired former Federal Reserve Chairman Paul Volcker to help make
changes in the way the company does business.
Dianon Systems
(
DIAN |
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PowerRating) said its
sees preliminary Q4 revenues and net income increasing more than 55% and 70%
compared to the same quarter a year ago.
Accredo Health
(
ACDO |
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PowerRating) reported Q2
earnings of 27 cents a share beating Multex estimates of 23 cents. The company
reported revenues of $160.2 million vs. analysts’ consensus of $148.9
million.
Merrill Lynch upgraded retailer J.C.
Penney
(
JCP |
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PowerRating) from Buy to Strong Buy.
Calpine
(
CPN |
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PowerRating) was downgraded by
Merrill Lynch from Strong Buy and Long Term Buy to Near Term Neutral.
Bear Stearns downgraded Nucor
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NUE |
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PowerRating)
from Buy to Neutral based on valuation.
Liberate
(
LBRT |
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PowerRating) was downgraded by
DB Alex Brown from Market Perform to Buy .
Priceline.com
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PCLN |
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PowerRating) posted a Q4
net of 1 cents a share beating estimates by a penny, according to a survey taken
by Multex.