Weaker Opening
Stocks appear set to open flat to lower Monday.
Centillium Communications
(
CTLM |
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PowerRating)
reaffirmed Q3 numbers of $46 million in revenue and earnings of 8 cents a share.
Barr Labs
(
BRL |
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PowerRating) issued a statement
that several states are probing the settlement of its challenge to Astra
Zeneca’s patent for Tamoxifen.
Calpine
(
CPN |
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PowerRating) said it will build a
540 megawatt power station in Wawayanda, New York.
Salomon Smith Barney reiterated its
Neutral rating on Homestore.com
(
HOMS |
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PowerRating).
Hughes Electronics
(
GMH |
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PowerRating) said it
plans to reduce its workforce by 10%.
Geron
(
GERN |
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PowerRating) was highlighted in a
Sunday New York Times article on stem cell research.
In a report by the Wall Street
Journal,
PDA maker Palm
(
PALM |
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PowerRating) has hired AT&T’s chief technology officer as the
company’s new chief executive of Palm Software.
Chip maker Intel
(
INTC |
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PowerRating) began its
rollout of the Pentium 4 2Ghz chip.
SG Cowen upgraded Flextronics
(
FLEX |
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PowerRating)
to a Strong Buy.
Astoria Financial
(
ASFC |
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PowerRating)
reaffirmed guidance for 2001 earnings and raised its 2002 guidance above
analysts’ estimates.
Steelcase
(
SCS |
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PowerRating) will acquire
Polyvision
(
PLI |
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PowerRating) for approximately $73 million in cash and will assume
$103 million in debt.
Avigen
(
AVGN |
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PowerRating) said it has
received the exclusive worldwide license to an experimental therapy for treatment of
Parkinson’s disease.
First Horizon Pharmaceuticals
(
FHRX |
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PowerRating)
said it set a three-for-two stock split which will be paid in the form of a
stock dividend.