Daily Morning Insights on the Market

• The US Gross Domestic Product (GDP), a measure of all goods and services produced in the US, rose 2.0% in the First Quarter of 2001, twice what economists were forecasting. Business Spending rose solidly and above estimates by 1.1%, and Consumer Spending also grew bigger than expected by 3.1%. Durable Goods expenditure rose a strong 11.9%, due to the strong auto expenditure. This data shows that we may not be too close to a recession as we all thought, and this can prompt the Federal Reserve Bank not to raise interest rates as aggressively as we have seen in the last 4 months. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
• Microsoft lost 2.91% after Bridge news reported that the software giant has sifted the release date of its Windows XP™ from August to October. Microsoft denied the report.
• Verisign gained 12.31% after Thomas Weisel upgraded it from a "buy" to a "strong buy" recommendation, due to its strong earnings report yesterday. FAC/Eqts First Albany however, downgraded Versign from a "strong buy" to a "buy" recommendation.
• Art Technology Group gained 9.51% after USB Piper Jaffray and Adams Harkness upgraded the stock due to its strong earnings report yesterday.
• UK directory publisher Scoot.Com gained 39.29% after confirming today that Vivendi Universal, which already owns 22.4% of the company, has made a £100 million offer to acquire the whole company. Visit our BusinessJeeves UK & Ireland portal to read more from our summary of the London Stock Exchange.
• Yahoo! gained 6.79% after outgoing CEO and Chairman Tim Koogle made known that Yahoo! is not pursuing a merger right now, but never say never. Mr. Koogle was speaking at the company's annual meeting.
• Corvis lost 18.88% after Salomon Smith Barney and Dresdner Kleinwort Wasserstein downgraded the stock.
• Ciena lost 3.57% on a Salomon Smith Barney downgrade.
• Consulting stocks were hot today after 2 got acquired in just One week.
• Star Scientific gained 135.51% after announcing that it is developing a tobacco lozenges.
• Southwestern Life Holdings gained 52.08% to close at $18.25 a share, on news that Swiss Re Life & Health America is acquiring it for $18.50 a share.
• IBM gained 2.16% after announcing that it has won a 15-year $1.3 billion contract to modernize the US Customs Service's technology.
• Celera Genomics gained 7.32% after reporting fiscal Q1 losses of 48 cents a share, 9 cents a share less losses than First Call estimated. Celera Genomics also announced the complete assembly of mouse genome.
• Biotechnology stocks were hot today due to strong earnings reports from Amgen, Celera Genomics, Edwards Lifesciences, etc.
• Oil related stocks closed lower today after the Saudi Arabian Oil minister promised that oil prices won't be allowed to go higher.
• FORECAST IS UP: Our First and Second quarters of year 2001 is now up. Don't get blinded in these uncertain times, take advantage of the information by visiting our Quarterly forecasts page. 
• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland., and our Canadian (English) portal BusinessJeeves Canada up and running. We are confident, the quality of our content will keep you coming back.
• 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.

• We have a good feeling about next week.
• STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play.
• Check out our Quarterly forecasts for other picks.

• The Conference Board reported that it Help Wanted Index, a good measure of blue collar labor demand, declined in March to 66, its lowest levels in 8 years. Plains and Mountain states had the most decline, while the Southeast and Central region saw increases.
• US Employment Compensation Cost Index rose 1.1% in Q1 of 2001. The Benefits and Wages sub-sectors all saw increases.
• Economy.Com reported that its Online Help Wanted Index, a good measure of collar labor demand, declined in April from 107.6 to 105.2.
• US Jobless Claims for week ending April 21st. rose a strong 18,000 to 408,000. The 4-week moving average also gained to 395,000. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
• Lucent Technologies gained 4.91% after France's Alcatel made an undisclosed bid for its fiber optics unit.
• Qwest Communications gained 0.90% after announcing a 5-year strategic alliance with Microsoft that will allow Qwest customers to use a co-branded version of Microsoft's MSN.
• Peoplesoft gained 22.35% after Morgan Stanley Dean Witter, CS First Boston, and Goldman Sachs upgraded it due to its good earnings report yesterday.
• Visit our BusinessJeeves UK & Ireland portal to read more from our summary of the London Stock Exchange.
• MRO Software gained 22.30% after Alaska Airlines selected its software for aircraft maintenance.
• Oil industry services and Vice President Dick Chenney's old company, Halliburton, gained 9.09% after reporting fiscal Q1 earnings that tripled.
• Oil related stocks gained due to the strong earnings reported recently by ExxonMobil, Chevron, and today, Halliburton. Most futures analysts see a supply shortage around the corner.
• Consulting company Proxicom gained 11.03% to close at $4.33/share after Compaq Computer announced that it is paying $266 million, or $5.75/share, to acquire it. Compaq lost 4.44%.
• AFTER CLOSE: VerticalNet is gaining in after hours trading after reporting fiscal Q1 losses of 30 cents a share, in line with First Call estimates. VerticalNet's revenue rose 185% to $36.7 million. The company announced plans to cut 25% of workforce, or 300 jobs. VerticalNet also announced that it received a $40 million funding from Microsoft.
• AFTER CLOSE: Exodus Communications is gaining in after hours trading after reporting fiscal Q1 losses of 22 cents a share, 6 cents a share less losses than First Call estimated.
• AFTER CLOSE: MP3.Com is gaining in after hours trading after reporting fiscal Q1 losses of 3 cents a share, 5 cents a share less losses than First Call estimated.
• AFTER CLOSE: Corvis is gaining in after hours after reporting fiscal Q1 losses of 7 cents a share on revenue of $84 million, almost $20 million above First Call estimates.
• AFTER CLOSE: Verisign is gaining in after hours after reporting fiscal Q1 earnings of 23 cents a share, a whopping 10 cents a share better than First Call estimates.
• AFTER CLOSE: Corning is gaining in after hours trading after reporting fiscal Q1 earnings that were 1 cent a share better than First Call estimates. Corning lowered its fiscal 2001 earnings outlook to between 90 cents to $1.
• AFTER CLOSE: Art Technology Group is gaining in after hours trading after reporting that its fiscal Q1 losses will be only 19 cents a share, 2 cents a share less losses than First Call estimated.
• FORECAST IS UP: Our First and Second quarters of year 2001 is now up. Don't get blinded in these uncertain times, take advantage of the information by visiting our Quarterly forecasts page. 
• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland., and our Canadian (English) portal BusinessJeeves Canada up and running. We are confident, the quality of our content will keep you coming back.
• 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.

• The after hours market is positive strong and we look forward to closing the week with a ...... Not so fast! The GDP figures and Mr. Greenspan's comments tomorrow will be the deciding factors on how the week closes.
• STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play.
• Check out our Quarterly forecasts for other picks.

• US New Home Sales rose 4.2%  in March to 1.02 million units sold. All parts of the country saw increased sales except the West, which recorded a decrease. Also in March, Fixed Mortgage Rates on 30-year mortgages dropped to 6.95%, a level not seen in years.
• US Existing Home Sales rose 4.8% in March to 5.44 million units sold, which was close to the June 1999 record sales of 5.45 million units.
• US Durable Goods Orders rose 3.0% in March to $205.1 billion, with transportation equipment orders accounting for all of the increase.
• The Energy Information Agency (EIA) and the American Petroleum Institute (API) reported that for week ending April 20th, US crude oil inventories dropped 1.4 million barrels and 1.5 million barrels respectively. Reuters Survey of analysts expected an increase of 2.0 million barrels. For Distillates, the EIA and the API saw decreases of 600,000 barrels and 1.2 million barrels respectively. Reuters survey expected a decrease of 500,000 barrels. This data shows that the economy is not as hopeless as consumer confidence data have been stating lately. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
• UBS Warburg downgraded telecommunications equipment makers ADC Telecom, Avici Systems, Ciena, Cisco Systems, Juniper Networks, Nortel Networks and Tellabs to a "hold" recommendations. Only ADC Telecom, Cisco, Nortel, and Tellabs closed lower in the group.
• JDS Uniphase lost 2.55% after McDonald Investment initiated coverage of it with a "hold" recommendation. Juniper and Ciena gained 1.51% and 1.54% respectively after McDonald Investment initiated coverage of them with a "buy" recommendation.
• Pay per placement search/directory GoTo.Com gained 33.28% after reporting fiscal Q1 losses of 13 cents a share, well better than the 67 cents a share losses reported last year. Revenue rose over 200% to $52 million, due to the popularity of its paid placement service. GoTo.Com was upgraded by Merrill Lynch and Lazard Freres.
• Beazer Homes USA, a unit of Beazer Group Plc. of the UK, gained 11.50% after reporting fiscal Q2 earnings that beat Wall Street estimates by 32 cents a share, as net income rose a whopping 98%. Visit our BusinessJeeves UK & Ireland portal to read more from our summary of the London Stock Exchange.
• Fairchild Semiconductor gained 6.50% after CIBC World Markets upgraded it to a "strong buy" recommendation.
• Insurer AFLAC gained 10.46% after reporting fiscal Q1 earnings that beat First Call estimates by 1 cent a share.
• Chevron gained 1.08% after reporting fiscal Q1 that beat Wall Street estimates by 28 cents a share. Chevron's revenue rose 4.9% to $12.3 billion.
• Drug giant Bristol Myers Squibb gained 3.57% after reporting fiscal Q1 earnings that beat Wall Street estimates by 1 cent a share.
• Philip Morris gained 5.74% after announcing an increase in cigarette prices. Tobacco stocks did very well today on word that President George W. Bush will cut back the legal aid that made it possible for government lawyers to successfully go after tobacco companies.
• GE gained 3.96% after outgoing Chairman Jack Welch told shareholders at his last annual meeting that, GE is going to have a record year.
• Newport News Shipbuilding gained 16.44% to close at $64.10 after General Dynamics announced that it is acquiring it for $2.6 billion, or $67.50 a share.
• AFTER CLOSE: InfoSpace is extending its gains in after hours trading after reporting fiscal Q1 losses of 2 cents a share, well better than the 4 cents a share losses First Call estimated. InfoSpace's revenue also beat estimates by rising to $46.6 million.
• AFTER CLOSE: Qualcomm is losing in after hours trading after reporting fiscal Q2 earnings of 29 cents a share, in line with First Call estimates. Qualcomm's revenue rose to $713 million, which was above estimates. Qualcomm however, lowered its fiscal Q3 and full year earnings outlook.
• AFTER CLOSE: PurchasPro is losing in after hours after canceling its planned earnings release due after close today for tomorrow instead.
• AFTER CLOSE: HomeStore.Com is gaining in after hours after reporting fiscal Q1 earnings of 4 cents a share, which is better than the break even First Call estimated. Revenue rose a whopping 105% to $118.4 million. HomeStore.Com is expecting fiscal Q2 earnings of 11 cents a share, on revenue of around $127 million.
• AFTER CLOSE: Internet consulting company Scient is still losing after reporting fiscal Q4 losses that were 2 cents a share better than First Call estimates. Scient however, reported revenue of $27.1 million, which is well lower than Wall Streer estimates of $37 million, and well below the year ago revenue of $65.8 million.
• AFTER CLOSE: Peoplesoft is gaining in after hours trading after reporting fiscal Q1 earnings of 11 cents a share, 2 cents a share better than First Call estimates. Revenue grew 34% to $503 million, with software licensing fees rising to $153 million, a 70% increase.
• AFTER CLOSE: New Focus is extending its losses in after reporting fiscal Q1 losses that were 100% higher than First Call estimated.
• AFTER CLOSE: EDS reported fiscal Q1 earning that were in line with First Call estimates.
• AFTER CLOSE: Foundry Networks is extending its gains in after hours trading after reporting fiscal Q1 earnings of 4 cents a share, in line with First Call estimates. Revenue rose slightly above estimates to $82.6 million.
• FORECAST IS UP: Our First and Second quarters of year 2001 is now up. Don't get blinded in these uncertain times, take advantage of the information by visiting our Quarterly forecasts page. 
• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland., and our Canadian (English) portal BusinessJeeves Canada up and running. We are confident, the quality of our content will keep you coming back.
• 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.

• The after hours market looks very upbeat and could broaden today's rally tomorrow.
• Be on the lookout for Federal Reserve bankers who are likely to make comments this week that will influence the markets the rest of the week.
• STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play.
• Check out our Quarterly forecasts for other picks.

• The Conference Board reported that, US Consumer Confidence Index for April dropped 8 points to 109.2, back to the February levels. Present Situation and Expectations indices all dropped.
• US Semiconductor Bookings-to-Billings ratio dropped in March to 0.64, their lowest levels since September 1998. Shipments dropped to $2.038 billion, their lowest levels in over 2 quarters. Bookings also dropped to their lowest levels in the same time frame to total March bookings of $1.305 billion. Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
• Costco Wholesale lost over 5% after reporting earnings that were below what Wall Street expected. Costco was downgraded by Merrill Lynch and Janney Montgomery Scott.
• Informix lost 27.56% after agreeing to sell its database business to IBM for about $1 billion. IBM, which gained on the news, will now be a major competitor to Oracle in the database software business. Informix had over 100,000 clients like the wireless phone behemoth Verizon Communications. Oracle closed 1.05% lower on the news.
• Check Point Software lost 14.35% after reporting fiscal Q1 earnings of 32 cents a share, 3 cents a share better than First Call estimates, and a whopping 19 cents a share higher than the year before. Check Point however, lowered its full year revenue and earnings outlook.
• Visit our BusinessJeeves UK & Ireland portal to read more from our summary of the London Stock Exchange.
• Intel lost 3.89% despite announcing that it will acquire 3 companies that have leading technology in the hot Opto-electronic components products maker.
• IPO Today: Aquila, a trader of natural gas, electricity, coal, emissions allowances, etc. closed up 16.04% above its offering price.
• AT&T gained after reporting earnings that beat Wall Street estimates by 1 cent a share. AT&T also announced strong increased subscription to its wireless services.
• The second largest US grocer, Albertsons, gained 7.47% after hiring GE executive Lawrence R. Johnston as its new CEO and Chairman.
• JDS Uniphase lost 13.90% after announcing fiscal Q3 losses of $1.13 a share, or $1.3 billion, well off the Wall Street PROFIT estimates. JDS announced plans to cut 20% of its workforce, or 5,000 jobs, and is considering moving research operations from Texas to California, and moving some manufacturing operations from the UK to Canada. JDS estimates that these moves will save about $250 million a year. JDS Uniphase also warned about its fiscal Q4 results. WR Hambrecht however, reiterated its "strong buy" recommendation on the company.
• Commerce One gained 5.25% after Microsoft announced a partnership with the B2B software company. Under the terms, Microsoft will loan Commerce One $25 million to develop software that will allow businesses using Microsoft's software to to integrate with Commerce One powered B2B online exchanges seamlessly.
• AFTER CLOSE: Amazon is gaining in after hours trading after reporting fiscal Q1 losses of 21 cents a share, 3 cents a share less losses than First Call estimates. Net sales rose 22% to $700 million, $5 million higher than what Amazon projected a couple of weeks ago.
• AFTER CLOSE: Broadvision is extending its gains after reporting fiscal Q1 losses of 15 cents a share, in line with First Call estimates. Revenue rose to $91.1 million, but still shy of the $103.8 million First Call estimated. Broadvision is projecting 2001 revenues of between $360 million to $410 million, which is still lower than the $439 million Wall Street was expecting. Broadvision announced that it is reducing its workforce by 15%, and taking a $30 million to $50 million charge.
• AFTER CLOSE: Flextronics is still losing after reporting fiscal Q4 earnings of 22 cents a share, 2 cents a share short of First Call estimates. Sales rose from $2.23 billion to $3.11 billion.
• AFTER CLOSE: Applied Micro Circuits is still losing in after hours trading after reporting fiscal Q4 earnings of 9 cents a share, in line with First Call estimates. Revenue grew 112% to $121.1 million. Applied Micro Circuits is very upbeat about the coming quarters though.
• AFTER CLOSE: Walt Disney is gaining in after hours after reporting fiscal Q2 earnings of 15 cents a share, 2 cents a share better than First Call estimates.
• AFTER CLOSE: LSI Logic is extending its losses in after hours trading after reporting fiscal Q1 earnings of 3 cents a share, in line with First Call estimates, but a whopping 23 cents a share less than year before. Revenue dropped 15.9% to $517.2 million, while sales dropped 31%.
• FORECAST IS UP: Our First and Second quarters of year 2001 is now up. Don't get blinded in these uncertain times, take advantage of the information by visiting our Quarterly forecasts page. 
• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland., and our Canadian (English) portal BusinessJeeves Canada up and running. We are confident, the quality of our content will keep you coming back.
• 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.

• The after hours market looks very upbeat and could extend to a rally tomorrow.
• Be on the lookout for Federal Reserve bankers who are likely to make comments this week that will influence the markets the rest of the week.
• STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play.
• Check out our Quarterly forecasts for other picks.

• Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
• Virage gained 21.45% after announcing an agreement with EMC Corp. to integrate their technologies for Rich Media.
• Intel lost 6.51% after Merrill Lynch downgraded the stock and others in the semiconductor sector. Merrill Lynch downgraded PMC-Sierra, Applied Micro Circuits, and Vitesse Semiconductor, after making known that the Philadelphia Semiconductor index (SOXX) will likely go down a further 40%. This comment set the turn for the technology sell-off.
• Microsoft lost 1.09% after announcing that it is merging its MoneyCentral website with CNBC.Com to create a new personal finance site that will be launched this summer as CNBC MoneyCentral. The new site will be part of MSN™.
• UK catering equipment maker, Enodis Plc, gained after announcing that it is selling its building and consumer products unit to Nobia A.B. of Sweden for £134 million. Visit our BusinessJeeves UK & Ireland portal to read more from our summary of the London Stock Exchange.
• Oracle lost 13.16% on a Lehman Brothers downgrade to a "buy".
• Numerical Technologies gained 21.10% after licensing its chip making technology to Intel.
• ExxonMobil gained 3.32% after reporting fiscal Q1 earnings of $1.44 a share, 9 cents a share better than First Call estimates. Profits rose 51% to $5.1 billion, as revenues rose to $57.28 billion.
• Pfizer gained 0.59% after announcing plans to venture online and assist ebusinesses that deal in drug testing so as to speed up drug trials.
• Auto dealerships gained after United Automotive Group posted strong fiscal Q1 earnings. United Automotive Group gained 20.12%.
• AFTER CLOSE: Novellus, which closed 3.7% down in regular trading, is gaining in after hours trading after reporting fiscal Q1 earnings of 62 cents a share, 1 cent a share better than First Call estimates, and a whopping 45 cents a share better than the year before. Revenue more than doubled to $458.7 million.
• AFTER CLOSE: JDS Uniphase is extending its losses in after hours trading after announcing that it will have a conference call tomorrow (Tuesday).
• AFTER CLOSE: Compaq which closed 4% lower in regular trading, is still losing after reporting fiscal Q1 earnings of 12 cents a share, 1 cent a share short of what First Call estimated. Compaq's revenue dropped $200 million from a year ago to $9.2 billion.
• AFTER CLOSE: FreeMarkets, a B2B online auction company, reported fiscal Q1 losses of 24 cents a share, 2 cents a share less losses than First Call estimated. Revenue more than tripled to $33 million, but was still $3 million short of First Call estimate. FreeMarkets is expecting fiscal Q2 revenue to grow between 10% to 15%, while Q3 and Q4 revenue growth is expected around 5%.
• AFTER CLOSE: Excite@Home is extending its losses in after hours trading after reporting fiscal Q1 losses of 15 cents a share, a bigger loss than First Call estimated. Excite@Home also announced the appointment of Patti S. Hart as Chairman & CEO.
• FORECAST IS UP: Our First and Second quarters of year 2001 is now up. Don't get blinded in these uncertain times, take advantage of the information by visiting our Quarterly forecasts page. 
• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland., and our Canadian (English) portal BusinessJeeves Canada up and running. We are confident, the quality of our content will keep you coming back.
• 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.

• The after hours market looks pretty bad.
• STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play.
• Check out our Quarterly forecasts for other picks.

• Visit our Federal Reserve Monetary Policy Analysis page to read more. Also, visit our expanded message boards to discuss this topic or any other business topic by clicking here.
• Ariba gained 10.38% after reporting fiscal Q2 losses of 20 cents a share, in line with revised First Call estimates. Revenues more than doubled to $90.7 million.
• Microsoft gained 1.41% after Salomon Smith Barney, and Goldman Sachs upgraded the stock, while Morgan Stanley Dean Witter raised its price target on the stock, after it reported earnings yesterday that beat First Call estimates by 2 cents a share.
• The Third largest mobile phone maker, Ericsson, lost 16.53% after posting fiscal Q1 losses of $487.47 million, while sales slipped 4%. Ericsson issued an earnings warning for fiscal Q2, and the company is not exactly sure of being profitable for this whole year. Ericsson announced 12,000 job cuts as it tries to get to profitability.
• Visit our BusinessJeeves UK & Ireland portal to read more from our summary of the London Stock Exchange.
• Commerce One lost 24.14% after reporting fiscal Q1 losses yesterday that were 2 cents a share higher than First Call estimated.
• Software developer TIBCO Software lost 0.93% and still losing in after hours after announcing just before the close of the regular trading season that it is cutting its workforce by 15%, or 200 jobs, including 50 contract positions. TIBCO is also slashing executive salaries, travel, freezing hiring, consulting services, etc. so as to save money.
• Brocade Communications gained 17.36% despite reducing its fiscal Q2 earnings from 11 cents a share, to around 5 cents or 6 cents a share. Brocade also warned that its Q2 revenue will be 30% less than the year before. Brocade Communications was upgraded by Banc of America Securities, JP Morgan H&Q, and Salomon Smith Barney.
• Surgical laser company Visx gained 14.02% after its 2nd. largest shareholder, Carl Icahn, offered to acquire the company for $1.9 billion, or $32 a share. Visx is however, skeptical about Mr. Icahn's offer. Visx closed at $23.75 a share, nevertheless.
• Scientific Atlanta gained 7.39% on a Banc of America Securities upgrade. Kaufman Brothers however, downgraded the company.
• Aircraft company Gencorp gained 8.01% after selling its electronics unit to Northrop for $315 million.
• Pharmaceutical company Alpharma lost 23.21% today after announcing yesterday that it will not meet its fiscal 2001 growth target of 15%. Wall Street was swift with punishment today as Banc of America Securities, Bear Stearns, CIBC World Markets, and CS First Boston downgraded the stock, while UBS Warburg cut its price target on Alpharma.
• PMC-Sierra gained 8.24% after Salomon Smith Barney, Goldman Sachs, Robertson Stephens, Frost Securities, and JP Morgan Chase & Co upgraded the stock for its strong earnings report yesterday.
• eBay gained 1.32% today after reporting strong earnings yesterday.
• JDS Uniphase gained 10.15% on a Robertson Stephens upgrade.
• Applied Micro Circuits gained 3.73% on a JP Morgan H&Q and Goldman Sachs upgrade.
• FORECAST IS UP: Our First and Second quarters of year 2001 is now up. Don't get blinded in these uncertain times, take advantage of the information by visiting our Quarterly forecasts page. 
• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves