Daily market summary and stock picks

THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR WEDNESDAY AUGUST 9TH. 2000

DOW INDUSTRIAL: 10905.83 = -71.06

NASDAQ: 3853.50 = +4.95

S & P 500: 1472.87 = -9.93

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed due to good economic data and profit taking. Gainers included: Adept Technology, Anaren Microwave, Applied Materials, Aspen Technology, Atherogenics, AT&T, Barr Labs, Biogen, Bristol Myers Squibb, ChipPAC, Chiron, Cisco Systems, Citrix Systems, Comcast, Compaq, Cypress Semiconductor, Dell, Ericsson, Exchange Applications, GE, Halliburton, H Power Corp, Immunex, Informix, Intel, Interlogix, JDS Uniphase, Juniper Networks, Lucent, McData, Microsoft, Nokia, Phone.Com, Ramp Networks, Reed International Plc., Repeater Technologies, Republic Group, Shaw Communications, Software.Com, Staples, Targeted Genetics, Teledyne Technology, Texas Instruments, and Vitesse Semiconductor.

MAIN REASONS FOR ACTIVITY

The Report from the 12 Federal Reserve Districts "Beige Book" released today shows an economy that has reached a growth plateau and decreasing. Labor markets, retail sales, loans of all sorts, and real estate are all showing declines. We will have the complete analysis of the Beige Book tomorrow at 7 pm (eastern) at our Federal Reserve Monetary Policy Analysis page. Visit our expanded message boards to discuss this topics or any other business topic by clicking here.
Eli Lilly lost 29.18% today after a Federal Court ruled against the company in its patent protection lawsuit. Under the ruling the patent of Eli Lilly's popular anti-depressant drug Prozac will expire well earlier than thought.
Phone.Com and Software.Com are merging into a $8 billion company that will provide Internet access to cell phones, handheld devices, etc. Don Listwin, the 10-year veteran of Cisco Systems, and potential successor to Cisco CEO John Chambers, will lead the new company. Software.Com gained 34 11/16, while Phone.Com gained 13 1/16.
Chiron has won approval from the Irish government to market its Meningitis Vaccine in Ireland.
Federated Department Stores reported fiscal Q2 earnings of 30 cents a share, 4 cents a share better than First Call estimates, but over 50% less than its fiscal Q2 1999 earnings. Federated continues to be plagued by its troubled Fingerhut unit. Federated lost 3.69%.
Wal-Mart reported fiscal Q2 earnings of 36 cents a share, in line with First Call estimates. Revenues rose 20% since fiscal Q2 1999. Wal-Mart lost 6.94%.
Targeted Genetics gained about 34% after it announced that it is teaming up with Biogen to develop Gene Therapies for a variety of diseases.
Anaren Microwave reported fiscal Q4 earnings of 32 cents a share, 4 cents a share better than First Call estimates, and 43% better than fiscal Q4 1999. Anaren's wireless related sales rose 63% for the period. Anaren closed up 36.61%.
Aspen technology reported fiscal Q4 earnings of 18 cents a share, 5 cents a share better than First Call estimates, and well better than the 12 cents a share loss for fiscal Q4 1999. Over the year revenues rose 44%, with licensing revenues rising a whopping 88%. Jeffries & Co. raised its fiscal 2001 earnings estimates for Aspen to 52 cents a share. Aspen closed up 28%.
AFTER CLOSE: Winn Dixie, the 6th. largest US Supermarket, reported fiscal Q4 losses of $1.70 a share, well short of its fiscal Q4 1999 earnings of 38 cents a share. First Call estimates were an earnings of 14 cents a share. Winn Dixie, which has been struggling to restructure, closed the regular trading session with a fractional loss.
AFTER CLOSE: Immunex, the Seattle biotechnology company, announced that it has filed to to sell up to 70 million new issues. American Home Products (AHP), which owns a 55% stake in Immunex, will see its holdings eroded to a 43% stake. Immunex is losing in after hours trading after closing the regular trading session with a 1 7/8 gain.
AFTER CLOSE: Informix announced that it will restructure its operations and consolidate its 5 divisions into 2 (Database and Solutions). Due to the restructuring, the company announced that it will take a charge of $75 million to $90 million in fiscal Q3. Informix is also planning to buyback 6.4 million of its shares. Informix is gaining in after hours trading.
AFTER CLOSE: Applied Materials reported fiscal Q3 earnings of 70 cents a share, 2 cents a share better than First Call estimates, and more than double fiscal Q3 1999 earnings. The number 1 semiconductor equipment maker is enjoying a booming semiconductor market, as sales grew a whopping 83%, while orders for the quarter was a record $3.28 billion.
IPOs today: McData, the storage switches and software spin off of EMC Corp., closed up 202.58% above its offering price. Repeater Techonologies, a wireless telecommunications equipment maker, closed up 88.89% above its offering price. ChipPAC, a semiconductor packager, closed up 4.17% above its offering price. H Power Corp, a fuel cell company, closed up 12.50% above its offering price. Atherogenics, a Biopharmaceutical company, closed up 3.13% above its offering price. TVIA, a customized TV technology stock, closed unchanged on its offering price of $11 a share. Radview Software, an Israeli/US software developer, closed 9.69% below its offering price.
JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

We are still holding to our picks. The coming PPI and CPI reports will be good. Give us your point of view on this at our NEW and EXPANDED message boards here.
STOCKS TO WATCH NEXT MARKET DAY: The picks below are still our main ones.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

NASDAQ:

Technology, Biotechnology, Telecommunications, and some Internets will gain. Companies like: Accelerated Networks, Act Networks, Advanced Electronic Support Products (AESP), Akamai Technology, Alamosa PCS, AlpNet, Altera, Alysis Technology, Amdahl, Amgen, Anaren Microwave, Andover.Net, Apple, Applied Materials, Applied Molecular, Argonaut Technologies, Ariba, Ariad Pharmaceuticals, Ariel Corporation, Arrowpoint, Ask Jeeves, AudioCodes Ltd., Avanex Corp., Avici Systems, Axent Technology, Be Incorporated, Cavion Technology, Cellular Technical, Centillum Communications, Centra Software, Centura Software, Charter Communications, Chordiant Software, Cisco Systems, CMGI, Cobalt Networks, Comdisco, Commonwealth Biotechnologies, Convergent Group, Corio, Corvis, Covad Communications, Cyber-Care, Cygnus, Cytogen Pharmaceutical, Decode Genetics, Dell, DeltaGen, Discovery Partners International, ebay, Ecogen, Elan Corp. PLC, Emerge Interactive, Epicor Software, E-piphany, ePlus, Ericsson, EuroWeb, Excite@Home, Exfo Electro-Optical Engineering, Evolving Systems, Finisar, Floware Wireless, Foundry Networks, FreeMarkets.Com, Genaissance Pharmaceuticals, GeoWorks, Glenayre Technologies, GRIC Communications, Hytek Microsystems, iBasis, Illumina, Immunex, Impsat Corp., Informix, Infosys Technologies, Inktomi, Inspire Pharmaceuticals, inSilicon, Intel, Intermedia Communications, Internet Capital Group, JDS Uniphase, Juniper Networks, Legato Systems, Linear Technology, Looksmart, Luminex, Metasolv Software, Methode Electronics, Metricom, Metrix One, Microsoft, National Security, Neoforma.Com, Net2Phone, Netsolve, Network Commerce, Network Computing Devices, New Tel, Niku Corp, Novellus System, Numerical Technologies, Omnivision Technology, ONI Systems, Onvia.Com, OpNet Technologies, Optelecom, Oracle, Pac-West Telecomm, Paging Network, Pain Therapeutics, Palm, Panja, PFS Web, Phone.Com, PMC-Sierra, Portal Software, Precis Software, Qualcomm, Qualstar, Quantum Effect Devices, Red Hat, Resonate, RiverDeep Group Plc., Robocom, Rosseta Inpharmatics, Saflink, Sage, Sanchez Computer Associates, SDL inc., Sequenom, Silicom Ltd., Siliconix, Smith Micro Software, Societe Europeene Communication S.A., SonicWall, Sonus Networks, Stanford MicroDevices, StorageNetworks, Sun Microsystems, Sunrise Telecom, Support.Com, Sybase, Sycamore Networks, Synaptic Pharmaceuticals, Talarian, Targ Genetics, TCSI, Tegal Corp., Telular Corp., Terra Networks, TransGenomic, Trega Biosciences, Tripath Technology, TriTel, Triton Network Systems, Turnstone System, UTStarcom, Va Linux, Variagenics, Venture Catalyst, Versata, Vertel Corp., ViaNet.Works, Virage, Vitesse Semiconductor, V One Corp., WebMethods, Webex, Witness System, WorldCom, Xicor, Xilinx, Yahoo! and Zebra Technologies.

NYSE:

Telecommunications, Retailing, Utilities, Banking, and Technology stocks like: 3Com, Aetna, Agilent Technology, Alcatel, AMD, AOL, American Express, Analog Devices, Applied Biosystems, AT&T, AT&T Wireless Group, Bank of America, Bank One, Bausch & Lomb, Bell Atlantic, Benchmark Electronics, BP Amoco, British Telecom (BT), Cable & Wireless, Celestica, Celera Genomics, Charles Schwab, Chase, Check Point, Chevron, Cigna, Citigroup, Compaq, Computer Associates, Convergys, Dominion Resources, Donaldson Lufkin, Dow Chemical, Dot Hill Systems, E.I. Dupont, El Paso Energy, EMC Corp., Exxon Mobil, Federated Dept. Stores, Fifth Third Bank, FirstStar Bank, GE, GTE, Hewlett Packard, Home Depot, IBM, JC Penny, John Hancock, Johnson & Johnson, JP Morgan, Kmart, Kroger Co, Legg Mason, Lucent Technologies (LU), Manufacturer's Services Ltd., Merck & co., Merrill Lynch, Micron Technology, Morgan Stanley Dean Witter, Motorola, National Semiconductor, Newbridge Network, Nortel Networks, PE Corp, Pfizer, Philip Morris, Price Communications, Provident Bank, Prudential, Safeguard Scientifics, SBC Communications, Schering-Plough, Schlumberger, Silverline Technology, Sprint, Sprint PCS, STMicroelectron, Sungard Data System, Texas Instruments, Tyco International, Unisys, Wal-Mart, Warner Lambert, Wells Fargo, Xerox, and ZDNet will do well.

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MARKET SUMMARY FOR TUESDAY AUGUST 8TH. 2000

DOW INDUSTRIAL:

10976.89 = +109.88

NASDAQ: 3848.56 = -14.43

S & P 500: 1482.80 = +3.48

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed due to good economic data and profit taking. Gainers included: 3Com, Abercrombie & Fitch, Active Power, Advanced Power technology, Agribrands International, Albany Molecular, AOL, AOL Latin America, Applied Materials, Ariba, Citrix Systems, Commerce One, Compaq, Conductus, Costco Wholesale, Dal Tile International, Dana Corp, Dynegy, EDS, EMC Corp, EMCORE Corp, Ericsson, Federal Mogul, FreeMarkets.Com, Furniture Brands, Gap inc, Garden.Com, GE, GM, GTE, Hayes Lemmerz International, Home Depot, IBM, Intimate Brands, Masco Corp, The Medicines, Metlife, Microsoft, Nokia, Nortel Networks, Oracle, Pemstar, Pharmacia, Polo Ralph Lauren, PressTek, Priceline.Com, PurchasePro.Com, Qwest Communications International, Rediff.Com, Saba Software, Sensormatic, Staples, Sun Microsystems, Telmex S.A., Texas Instruments, TheStreet.Com, Toll Brothers, TopJobs.Net, Tremont Corp, Virage Logic, Walmart, and Xerox Corp.

MAIN REASONS FOR ACTIVITY

US Productivity grew 5.3% for the second quarter 2000, the largest Q2 growth since 1983, and well higher than economists' forecasts. Durable goods manufacturing led with a 9.6% increase. Unit Labor Cost, a good measure of wage inflation, dropped 0.1% for the quarter, well below what economists were expecting, and the largest quarterly drop since 1984. This data is very good because it addresses every point (in a positive light) that Federal Reserve Chair Alan Greenspan stated were his worries in his congressional (Humphrey-Hawkins) address.
The Federal Reserve Bank of Richmond reported that its district manufacturing sector shipment index grew 3 points in July, One point above June, but 8 points below the May value. New Orders index came in at 9, well below the June rate of 14. Backlog of Orders index dropped 4 points, well lower than the 7 points increase in June. The Six-Month Shipment Outlook index came in at 31 in July, 3 points below the June levels. This data set the tone for a rally in Dow stocks and US treasury notes. Visit our Federal Reserve Monetary Policy Analysis to read our outlook on what possible actions the FOMC will take, or visit our expanded message boards to discuss this topics or any other business topic by clicking here.
Garden.Com reported fiscal Q4 losses of 77 cents a share, 3 cents a share less losses than First Call estimates. Garden.Com's revenues almost tripled for the quarter.
Microsoft gained 5.89% in regular trading and still gaining in after hours after the company announced that it is restarting its stocks buyback plan. No details about the money allocated for or the stock volume to be purchased was made known.
A survey of Automobile parts industry found that Federal Mogul is the best of the best in Automobile parts services.
Hayes Lemmerz International, a vehicle parts maker, has signed a letter of intent to acquire Schenk Foundry, a German Aluminum foundry company. Schenk counts BMW, Volkswagen, Porsche, and GM's Opel unit as some of its premiere customers. Hayes gained a fraction.
GM announced a $240 million military contract to supply the Australian military with 150 light Armored Vehicles. GM closed up 1 11/16.
Abercrombie and Fitch, reported fiscal Q2 earnings of 21 cents a share, 3 cents a share better than First Call estimates, and 24% better than fiscal Q2 1999. Abercrombie gained 6.41%.
Dial Corporation, a soap and other consumer products maker, issued an earnings warning that it will not meet the full-year analysts' estimates. Dial also named Herbert Baum, President of Toy company Hasbro, as its new Chairman & CEO effective August 14. Malcolm Jozoff, the current Chairman/CEO, is resigning to pursue other interests. Dial lost a fraction.
Dynegy is paying $903 million for two upstate New York power plants so as to boost its Northeastern US operations. Dynegy is acquiring the 500-megawatt Danskammer power plant and the 1200-megawatt Roseton power plant. Dynegy gained a fraction.
Meredith Corporation, the publishers of Ladies Home Journal and other Magazines, and owns media outfits from TV stations to Radio, reported fiscal Q4 earnings of 6 cents a share, in line with estimates, but well below its fiscal Q4 1999 earnings of 44 cents a share. Meredith attributed the low earnings to closing out 3 non-profitable magazines. Meredith lost 2 points.
Telmex and Terra Mexico, the number 1 and 2 Internet Service Providers (ISPs) in Mexico who control over 70% of the market just between them, are in talks to link up their networks so as to speed up services. Telmex gained a fraction.
IPOs today: AOL Latin America closed up 5.47% above its offering price. Active Power closed up 210.29% above its offering price. Telecommunications Systems, a wireless Internet stock, closed up 47.06% above its offering price. The Medicines, a Biopharmaceutical company, closed up 35.55% above its offering price. Pemstar, a Contract Equipment Manufacturer (CEM), closed up 22.73% above its offering price. Read more about this sector at our Quarterly forecasts page. Advanced Power technology, a high performance semiconductor related stock, closed up 6.25% from its offering price. Mind C.T.I., an Israeli Customer Support Management software developer, closed unchanged from its offering price.
Business to Business (B2B) stocks got a boost after an analyst with CS First Boston had good comments about the sector. Chris Vroom stated that "as commerce relates to business to business, there is this increasing recognition that these B2B solutions will drive substantial efficiencies throughout the enterprise". Visit our Quarterly forecasts page and its Archives to read our outlook on the sector all along.
PC Data Online reported that unique users to the top 20 online shopping sites rose 14% in July. Priceline.Com led with an increase of 39%, or 3 million unique visitors. Priceline also had an increase of about 18% in June.
Albany Molecular Research gained 30% after reporting fiscal Q2 earnings of 38 cents a share, 2 cents a share better than First Call estimates. Albany's revenues rose 51% for the period. Albany also set a data for a 2-to-1 stock split.
TheStreet.Com, the financial news portal, is to receive a $7.5 million investment from Go2Net and Paul Allen's Vulcan Ventures. Under the deal, Vulcan will acquire a 5% stake in the company at $5.56 a share, and will have the options to acquire 7.5% at $13.50 a share in the next 6 months. TheStreet will also license Go2Net's message boards technology. TheStreet gained about 20%.
EDS gained 3 5/8 after a consortium led by it won a $3 billion computer services contract with the UK's Department of Social Services.
Nokia is paying $220 million for privately held DiscoveryCom, a DSL support products company. Nokia gained a fraction.
Verizon Communications reported today that fiscal Q2 earnings at Bell Atlantic and GTE were at 72 cents a share, 5% better than previous. Verizon also announced that it is merging its DSL business with the finally strapped upstart Northpoint, and Verizon is making available a $800 million life line. Verizon, which is also battling striking workers, lost about 12%.
Dain Rauscher Wessels initiated coverage of of Saba Software with a "strong buy aggressive" recommendation.
AFTER CLOSE: Cisco Systems, which closed lower on earnings fears, reported fiscal Q4 earnings of 16 cents a share, One cent a share better than First Call estimates. Net sales rose 61% to $5.72 billion from the fiscal Q4 1999 levels of $3.56 Billion. Cisco is rising aggressively in after hours trading.
JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

Tomorrow will see a more broader and stronger rally due to good Federal Reserve Districts' good economic "Beige Book" report. We are still holding to our picks. Give us your point of view on this at our NEW and EXPANDED message boards here.
STOCKS TO WATCH NEXT MARKET DAY: The picks below are still our main ones.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

NASDAQ:

NYSE:

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MARKET SUMMARY FOR MONDAY AUGUST 7TH. 2000

DOW INDUSTRIAL:

10867.01 = +99.26

NASDAQ: 3862.99 = +75.63

S & P 500: 1479.32 = +16.39

MOST ACTIVE STOCKS & SECTORS

The markets rallied on renewed optimism that tomorrow's economic data will show a slowing economy. Gainers included: ADC Telecomm, AMD, AmeriTrade, Amgen, AOL, Applied Materials, Ariba, Bea Systems, Biosphere Medical, Broadcom, Centex Corp, Cepheid, Chase Manhattan, Charles River Labs, Chiron, Cisco, Citrix Systems, CMGI, Compaq, Computer Associates, Cooper Cameron, CrossRoads Systems, Dell, EMC Corp, Ericsson, Exodus Communications, Fannie Mae, Flextronics, Gadzoox Networks, Gentek, Global Crossing, GRIC Communications, IBM, Intel, Jabil Circuits, JDS Uniphase, Juniper Networks, Keyspan, Micron Tech, Microsoft, Motorola, Net.Genesis, Nortel Networks, Northen States Power, Oracle, Pharmacia, Philip Morris, Sanmina, StarMedia Networks, Sun Microsystems, Teledyne Technology, Texas Instruments, Tyco International, Unisys, Value City Department Stores, and Walmart.

MAIN REASONS FOR ACTIVITY

Broadcom, a communications chip maker, gained almost 4% after announcing that it is acquiring privately held Silicon Spice, a communications processor technology company for $1.2 billion.
Comcast, the number 3 cable operator in the US, reported fiscal Q2 earnings of 20 cents a share, well lower than its $1.01 a share earnings in fiscal Q2 1999, but well better than First Call estimated losses of 2 cents a share. Comcast also reported that its cash flow for the period grew a whopping 32%, while revenues rose 23.4% for the period. The company also announced a revamped stocks buyback package valued at $500 million. Comcast closed lower.
AOL gained One point after the IPO price of AOL Latin America was scaled back up to 50% to $8 a share.
GRIC Communications gained about 56% after it announced a partnership with Indus River Networks to deliver bundled services like Internet access to Enterprise Networks. Separately, Kaufman Brothers initiated coverage of GRIC with a "buy" recommendation, and set its stock price target to $42 a share.
Computer Associates is spinning off its non-core businesses to a new unit that will be called iCan-ASAP. Also, Computer Associates' President will be promoted to CEO. The move is to revamp the company's sagging stocks. Computer Associates rose 9%.
Standard & Poor announced some changes in its venerated indexes today that will be effective after market close August 8th. (tomorrow): Keyspan Corporation will replace the recently acquired New Century Energy on its S&P 500 index. Cooper Cameron will replace Keyspan on the S&P MidCap 400. NUI Corp and Mid Atlantic Medical Services will replace Lason and Oakwood Homes on the S&P SmallCap 600.
Jabil Circuits, Flextronics, and Sanmina, all Contract Equipment Manufacturers (CEMs), gained after an analyst with Banc of America Securities had positive comments and raised the price target for the sector. To read more about the tremendous potentials for this sector, visit our Quarterly forecasts page.
AFTER CLOSE: Ameritrade CEO Tom Lewis is resigning from the online brokerage house for personal reasons. Mr. Lewis will however continue to act as a consultant. Ameritrade Chairman and Founder, Joe Ricketts, will be the interim CEO until a replacement is found.
AFTER CLOSE: StarMedia Network, a Spanish and Portuguese web content portal, reported fiscal Q2 losses of 67 cents a share, 3 cents a share better than First Call estimates. StarMedia's revenues rose 255% to $13.8 million from fiscal Q2 1999. StarMedia is rising in after hours trading.
AFTER CLOSE: Gadzoox Networks, a storage area networking company that closed up 29% in regular trading on speculation after scheduling a conference call after close, restated its fiscal Q1 numbers. Gadzoox restated fiscal Q1 losses that were 17 cents a share, a whopping 49% higher losses than previously reported.
NOTE: We have been experiencing network problems recently. Please bear with us on our late publications. We will have everything back to normal very soon.
JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

We are holding to our views below and picks! We also believe tomorrow's data will show a cooling economy. Give us your point of view on this at our NEW and EXPANDED message boards here.
STOCKS TO WATCH NEXT MARKET DAY: The picks below are still our main ones.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

NASDAQ:

NYSE:

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MARKET SUMMARY FOR FRIDAY AUGUST 4TH. 2000

DOW INDUSTRIAL: 10767.75 = +61.17

NASDAQ: 3787.36 = +27.48

S & P 500: 1462.93 = +10.37

MOST ACTIVE STOCKS & SECTORS

The markets rallied on good employment data. Gainers included: 3Com, 3 Dimentional, Bank of America, Bruker Daltonic, Calpine Corp, Chase Manhattan, Cisco, Citigroup, Crosswave Communications, EMC Corp, Emulex, Exodus Communications, GE, Giganet Wireless, Nortel Networks, Palm, Pfizer, Qwest Communications International, Viacom, and Unisys.

MAIN REASONS FOR ACTIVITY

US Employment dropped 108,000 in July. The Unemployment rate held steady at 4.0% Average Hourly earnings however, gained higher to 0.4%, right where it was in April. The markets rallied on the news.
The Economic Circle Research Institute (ECRI) reported that its future inflation index dropped well below economists' forecasts to 1.1%.
Emulex reported its fiscal Q4 earnings of 25 cents a share, well higher than forecast. Emulex is still gaining in after hours trading.
IPOs today: 3 Dimentional closed 27.50% above offering price. Bruker Daltonic closed 77.40% above offering price. Giganet Wireless closed 32.35% above its offering price.
NOTE: We have been experiencing network problems recently. Please bear with us on our late publications. We will have everything back to normal very soon.
JOIN THE DISCUSSIONS: Due to the immense popularity this column has received recently, and the willingness of our guests to communicate with each other, we have expanded our message boards so as to serve you better. Please check out (and post on) our NEW expanded message boards here.

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

We are holding to our views below and picks.
BARGAINS! BARGAINS! BARGAINS! The economic data is looking good but the market continues to punish Technology and Internet stocks on earnings fears. Didn't we hear this before about a fiscal quarter ago? Internet and Technology delivered spectacular earnings results (remember Yahoo! and ValueClick and the so-called advertisement revenue problems?), yet the market keep playing the fear game. Give us your point of view on this at our NEW and EXPANDED message boards here.
STOCKS TO WATCH NEXT MARKET DAY: The picks below are still our main ones.
Biotechnology, Technology (Software and Networking stocks), and Telecommunications stocks are still our premiere picks.
Expect the major Internet Portal sites to perform very well.
Internet holding and capacity (storage) companies will do very well (check out our Quarterly forecasts for other picks).

NASDAQ: