The Stocks Wall Street Is Watching

The following stocks may be
impacted due to significant news as noted:

In the chip business, Applied Materials
(
AMAT |
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issued a profit warning for its first-quarter "Due to ongoing economic weakness
and geopolitical uncertainties, customers deferred capital expenditures, causing
a larger order shortfall than expected."

Oil company Chevron Texaco
(
CVX |
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missed
its earnings expectations for the fourth-quarter by $0.29 with profits of $1.29
per share.

Entertainment company America Online
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AOL |
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is back in the news again as it announced that it might sell its Warner Music
Group.

Also in the entertainment business, Walt Disney
Co.

(
DIS |
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beat its first-quarter profit expectations by $0.02 with
profits of $0.17 per share.

In the biotech sector, Affymetrix
(
AFFX |
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has had its price target raised by UBS Warburg to $43 form $30.

Online travel company Hotels.com
(
ROOM |
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has been upgraded by Salomon Smith Barnely to "outperform" from "in-line".

Pre-market action:


(
SIRI |
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+8%,
(
XMSR |
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+8%,
(
BGEN |
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+4%,
(
AFFX |
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+4%,
(
PVN |
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+1%.


(
ZRAN |
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-16%,
(
WBSN |
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-15%,
(
QLGC |
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-1.0%,
(
DELL |
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-0.7%.