Stocks To Open Slightly Higher
Stock appeared set to open slightly
higher Monday.
Apple Computer
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PowerRating) announced
the company will recall 570,000 power blocks for its G3 Note book computer
sold from May 1998 to March 2000, due to a possible fire hazard.
SilkAir’s insurers are suing Boenig
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PowerRating)
and other makers of aircraft parts, over the 1997 crash of one of SilkAir’s
passenger jets..
Comcast
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it would like to acquire AT&T’s
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T |
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Reuters reported that on-Line grocer
WebVan
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PowerRating) is scheduled to announce that the company will be filing for
bankruptcy.
Vitria Technology
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PowerRating) said the
company expects a wider-than-expected Q2 loss. The company is anticipating a
loss of between 11 to 12 cents, while analysts surveyed by Thomson
Financial/First Call were looking for a loss of 9 cents.
Retail store, The Children’s Place
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reported the company expects a loss of 13 to 17 cents for Q2, citing disappointing June sales. Analysts were expecting a loss of 6 cents
according to Thomson Financial/First Call.
Titan Corp
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TTN |
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PowerRating) said the company
expects Q2 earnings to be between 6 to 7 cents, in line with analysts’
expectations. According to Thomson Financial/First Call, analysts expected Titan
to earn between 5 to 7 cents with an average of 6 cents.
Merrill Lynch lowered Homestore.com
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Near Term rating from Buy to Accumulate.
Lehman Brothers said Best Buy
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is gaining huge market share in the sector and raised the company’s price target
to $76 from $67.
Viacom
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PowerRating) was downgraded from
Add to Hold by ABN AMRO.
EMC Corp
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PowerRating) was upgraded by
Bear Stearns from Attractive to Buy.
SG Cowen upgraded Qualcomm
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PowerRating)
to a Strong Buy.
International Technology
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PowerRating) has
agreed to acquire Anchor Gaming
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SLOT |
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PowerRating).