Stocks Set To Open Lower
Stocks appeared set to open lower
Thursday.
Apple Computer
(
AAPL |
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PowerRating) will be
halting production of the Power Mac G4 Cube due to slow sales. The company
announced that the halt in production will be indefinite.
Asyst Technology
(
ASYT |
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PowerRating) has
completed an offering of $86.25 million of 5.75% convertible notes. The proceeds
from the offering will be used for general corporate purposes and as working
capital.
Knight Trading
(
NITE |
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PowerRating) revised Q2
earnings to be between 7 cents to 10 cents. Previously the company was
projecting 15 cents to 20 cents with an analyst mean of 10 cents according to
Thomson Financial/First Call.
European Central Bank announced that it will leave interest rates unchanged.
Clothing line Guess
(
GES |
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PowerRating) lowered
their Q2 earnings outlook to be between 2 cents to 4 cents. Estimates were for 7
cents.
WebEx
(
WEBX |
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News |
PowerRating) was selected by
Coldwell Banker Real Estate to be the provider of real-time web communication
services for the companies training and continuing ed programs.
Dollar Tree Stores
(
DLTR |
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News |
PowerRating)
reported a 14.5% increase in net sales for Q2.
According to a report from the LA
Tribune, Alcatel SA
(
ALA |
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News |
PowerRating) has lowered the amount they are willing to pay for
Lucent’s
(
LU |
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PowerRating) fiber optic cable unit by 25%.
Chinese concept restaurant P.F.
Chang’s Chinese Bistro
(
PFCB |
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Chart |
News |
PowerRating) reported Q2 revenues were up 43% to $76.5
million.