The Stocks Wall Street Is Watching
After the close Target
(
TGT |
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PowerRating) announced
that sales are tracking below expectations for the third straight week. December
same store sales are substantially off the company’s growth forecast of 3 to 5%.
Ultimate Electronics
(
ULTE |
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PowerRating) revises
Q4 guidance down. The company now expects the quarter to come in between .15 and
.25 versus the Multex consensus of .56.
Sun Microsystems
(
SUNW |
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PowerRating) wins a
preliminary decision over Microsoft [MSFT|MSFT]. The decision states that
Microsoft must carry Sun Microsystems Java in Windows.
Electronic Data Systems
(
EDS |
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PowerRating) inks 5
year 1.3 billion IT deal with ABM Amro.
Genetech
(
DNA |
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Chart |
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PowerRating) and XOMA Ltd.
(
XOMA |
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Chart |
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PowerRating) submit
a biologics license to the USFDA for treatment of moderate to severe psoriasis.
Quest Communications
(
Q |
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PowerRating) receives FCC
approval to re-enter the Long Distance business in nine states in which it
provides local carrier service.
Symbol Technologies
(
SBL |
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PowerRating) CFO will
resign effective January 2nd, with the President/COO acting as interim CFO.
Pre-market Action:
(
SUNW |
Quote |
Chart |
News |
PowerRating) +11%,
(
EDS |
Quote |
Chart |
News |
PowerRating) +3%,
(
XOMA |
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Chart |
News |
PowerRating) +13%
(
ULTE |
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Chart |
News |
PowerRating) -22%