Lower Opening

  • January 14, 2002
  • Greg Che

Stocks appeared set to open lower
Monday.

UBS Warburg downgraded Dow Chemicals
(
DOW |
Quote |
Chart |
News |
PowerRating)
from Strong Buy to Hold.

Adtran
(
ADTN |
Quote |
Chart |
News |
PowerRating) reported Q4 net of
10 cents a share in line with guidance.

Right Management Consultants
(
RMCI |
Quote |
Chart |
News |
PowerRating)
has agreed to purchase Coutts Consulting Group, Plc, a holding company based in
London, for approximately $108 million.

Health South Corp.
(
HRC |
Quote |
Chart |
News |
PowerRating) said it
is comfortable with analysts’ estimates of $1.14 a share for 2002.

JDA Software Group
(
JDAS |
Quote |
Chart |
News |
PowerRating) said it
sees earnings for Q4 to beat analysts’ consensus by a minimum of 50%. The
company expects earnings of approximately 18 cents a share, while analysts were
expecting 12 cents a share according to a survey taken by Thomson
Financial/First Call.

Accenture Ltd’s
(
ACN |
Quote |
Chart |
News |
PowerRating) lockup
period expires today.

L-3 Communications
(
LLL |
Quote |
Chart |
News |
PowerRating) will be
purchasing Raytheon’s
(
RTN |
Quote |
Chart |
News |
PowerRating) aircraft-integration system for $1.13 billion
according to a report in the Wall Street Journal.

Philip Morris
(
MO |
Quote |
Chart |
News |
PowerRating) said it plans to
send out a letter to shareholders to explain last November’s proposal to rename
the company Altria Group Inc.

Goldman Sachs upgraded Legato Systems
(
LGTO |
Quote |
Chart |
News |
PowerRating) from Market Perform to Market Outperform.

Sears, Roebuck
(
S |
Quote |
Chart |
News |
PowerRating) was downgraded by
Goldman Sachs from Recommended List to Market Outperform, but raised its price
target on the company from $50 to $58.

Lehman Brothers upgraded Micron
Technologies
(
MU |
Quote |
Chart |
News |
PowerRating) from Market Perform to Buy.

Banc of America Securities upgraded
PDA maker Handspring
(
HAND |
Quote |
Chart |
News |
PowerRating) from Market Perform to Buy.

Goldman Sachs upgraded Ariba
(
ARBA |
Quote |
Chart |
News |
PowerRating)
from Market Perform to Market Outperform.

Business Objects
(
BOBJ |
Quote |
Chart |
News |
PowerRating) was
upgraded by Goldman Sachs from Market Outperform to Recommended List and put a
price target to $54.

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