Halted After The Close, Plus, Earnings Preview

October 6, 2003
Brice Wightman

No economic releases today.

The 10-year U.S. Note
was +155 at 112 310.

The dollar was -0.73 at
92.80.

Gold was +.30 at 373.60

Crude Oil was -0.08 at
30.93.

Volume was
1,004,189,000 on
the NYSE, and 1,369,952,000 on the Nasdaq.

Market breadth was positive,
with NYSE advancing issues over declining issues by 1.86 and up over down
volume by 2.07. Nasdaq advancing issues over declining issues at 1.77, and up
volume over down volume at 2.88.

Top Dow stocks were:

Stocks in the news:

After the close,
Looksmart
(
LOOK |
Quote |
Chart |
News |
PowerRating) was halted after it said Microsoft
will not renew its distribution and licensing agreement. Rambus
(
RMBS |
Quote |
Chart |
News |
PowerRating)
was higher after the Supreme Court rejected a petition from Infineon
(
IFX |
Quote |
Chart |
News |
PowerRating).
Earlier this year, a federal appeals court ruled against Infineon, who alleged
RMBS committed fraud. The ruling clears the way fro RMBS
to collect hundreds of millions of
dollars in annual royalty fees from Infineon and others. RMBS closed at 25.80,
+7.07.

Knight Trading
(
NITE |
Quote |
Chart |
News |
PowerRating)
gained 15% after the market maker raised its third-quarter
projections. Due to improving stock trading volume, the company now sees results
of 16 to 21 cents a share compared to current consensus estimates of 21 cents a
share. According to Knight CEO Thomas Joyce, “Knight’s stronger-than-expected
results for the third-quarter reflect both the improving market volumes and the
progress we are making in all parts of our business”.

Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating) rose
10% after the company announced plans to spin off its semiconductor
business into a separate company. The company’s chip unit designs and
manufactures semiconductors for cell phones, modems, and other devices.

Enterprise Software maker
PeopleSoft
(
PSFT |
Quote |
Chart |
News |
PowerRating) added 3% after the company raised its
third-quarter guidance. Due to benefits from its acquisition of J.D. Edwards and
strong sales, the company now sees revenues of $575 million to $595 million and
earnings of 10 to 11 cents a share. Analysts are currently expecting revenues of
$587.2 million and earnings of 11 cents a share.

Semiconductor materials and
equipment company ATMI
(
ATMI |
Quote |
Chart |
News |
PowerRating) fell 7% after the company
warned of a loss for the third quarter. Due to weak results from its materials
unit, the company now expects revenues of $58 million and a loss of 33 to 36
cents a share. Consensus estimates are calling for revenues of $63.75 million
and earnings of 2 cents a share..

Casino operator Boyd Gaming

(
BYD |
Quote |
Chart |
News |
PowerRating) lost 10% after the company warned that its third quarter
results would come in below expectations. Due to weak results from its Stardust
and Par-A-Dise properties, the company now expects to earn between 14 to 16
cents a share compared to consensus estimates of 21 cents a share.

If you have any comments or
questions, please feel free to email me.

Brice
Wightman

bricew@tradingmarkets.com

Halted After The Close, Plus, Earnings Preview

BUY THE FEAR, SELL THE GREED

Quick Links

Company Info

Contact

Company Resources