Stocks To Open Flat
Stocks appear set to open flat to lower
Monday.
WebEx
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PowerRating) said it will provide
France Telecom’s communications infrastructure for the company’s new Web
conferencing service.
In addition, on a separate note, WebEx
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PowerRating) and BEA Systems
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PowerRating) have aligned to provide multimedia Web
conferencing to BEAS customers who use their BEA WebLogic Portal 4.0.
OSI Systems
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PowerRating) subsidiary
RapiTec was awarded an $11 million subcontract for its Apache Helicopter
components, Multiple Integrated Laser Engagement Systems (MILES).
Lexmark International
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PowerRating)
reported that Q3 profits rose to 52 cents a share, in line with analysts’
estimates according to Thomson Financial/First Call. However, the company said it
will be slashing its workforce by 12% and will take a Q4 charge in a
restructuring effort.
Local telecom services provider SBC
Communications
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PowerRating) said Q3 profits rose 3.5%, excluding one-time items. The
company posted earnings of 59 cents a share vs. 57 cents a share for the same
quarter a year ago.
Imation
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IMN |
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PowerRating) posted Q3 earnings
of 29 cents a share vs. a loss of 97 cents for the same quarter a year ago.
Imation is a tape maker for data storage.
Toy maker Hasbro
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HAS |
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PowerRating) reported
Q3 earnings of 29 cents a share, beating analysts’ estimates by 5 cents.
Clean Harbors
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CLHB |
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PowerRating), which is a
private anthrax testing company, sampled unknown substances at 50 businesses
last week, according to a report in the Wall Street Journal.
QLT Phototherapeutics
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PowerRating) was upgraded
by Merrill Lynch from Accumulate to Long Term Buy. In addition, QLTI was upgraded
by Deutsche Banc Alex Brown from Market Perform to Buy.
EMC
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PowerRating) and Dell Computer
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PowerRating)
entered a five-year multi-billion dollar alliance. The strategic alliance is an
effort to increase growth for both companies’ storage business.
Anadigics
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PowerRating) posted a Q3 loss
of 52 cents a share, better than analysts’ expectations by 5 cents. Sales for the
company came in at $16.3 million, 3% above analysts’ expectations.
Hotel Reservations Network
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ROOM |
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PowerRating)
reported Q3 earnings of 27 cents a share, beating analysts’ estimates by 3 cents.