THE "DAILY BREAD" FOR THE MARKET

Daily Morning Insights on the Market

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MARKET SUMMARY FOR MONDAY OCTOBER 22ND. 2001

DOW INDUSTRIAL: 9377.03 = +172.92

NASDAQ: 1708.08 = +36.77

S & P 500: 1089.12 = +15.64

MOST ACTIVE STOCKS & SECTORS

The markets closed the first day of the week higher on optimism that we might have seen the worst. The NASDAQ, which started rallying at the opening bell, had a moderate trading volume of over 1.529 billion, while the Dow had a volume of over 1.100 billion shares traded. Gainers included: 3M, Aerogen Corp, Altera Corp, Amazon, American Express, AOL Time Warner, Applied Materials, Applied Micro Circuits, Arch Coal, AT&T Wireless, Atherogenics, Bea Systems, Bunge Ltd, Cepheid Corp, Charles Schwab, Ciena Corp, Cisco Systems, Citigroup, Clean Harbors, Coca Cola, Comstock Resources, Corning, Dell, DevX Energy, Disney, EMC Corp, Endocare, Epiphany, Ford Motor Co, FreeMarkets, Fusion Medical, GE, Hasbro, Hewlett Packard, IBM, Intel, JDS Uniphase, JP Morgan Chase & Co, KLA-Tencor, LendingTree, Lucent Technologies, Maxim Pharmaceuticals, Microsoft, Motorola, Neurogen, Nokia, Novellus, Nucor Corp, Odwalla, Oracle, Oregon Steel, Overture Services (formerly GoTo.Com), Perdigao SA, Pfizer, Procter & Gamble (P&G), Qualcomm, Quest Diagnostics, Rhodia, Satyam Computer, Silicon Graphics, Specialty Labs, Sprint PCS Group, Sun Microsystems, Teradyne, Texas Instruments, Turkcell, Tyco International, USX Steel Group, Vitesse Semiconductor, Webex Communications, Yahoo!, and Zevex Corp.

MAIN REASONS FOR ACTIVITY

• The Conference Board reported that the US Index of Leading Economic Indicators declined 0.50% in September, the largest single month decline since January 1996. The Coincident Index declined 0.1%, while the Lagging Index declined 0.2%. 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.

• Dell gained 2.08% after signing a deal with EMC to market EMC's Clarion Enterprise storage systems to its clients. The deal is valued in the billions and it lasts for 5 years. EMC gained 5.91% on the news.

• Copiers and printing technology company Lexmark International lost 11.08% after reporting fiscal Q3 earnings that met, but warned about fiscal Q4.

• 3M gained 5.11% after reporting fiscal Q3 earnings that beat Wall Street estimates by 1 cent a share, despite a 21% decline in earnings.

• Hasbro gained 5.12% after reporting fiscal Q3 earnings that beat First Call estimates by 5 cents a share.

• SBC Communications lost 5.13% after reporting fiscal Q3 earnings that missed Wall Street estimates by 1 cent a share. SBC announced that it will be cutting jobs and next year's capital spending by 20%.

• The London Stock Exchange (LSE) closed higher today due to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Energy trading giant Enron lost 20.73% today after the SEC requested information about a transaction the Wall Street Journal reported about. The SEC is requesting information on how a consulting company owned by Enron's CFO is receiving millions of Dollars as consulting fees to Enron. Enron has lost more than 46% of its value in the last 6 trading days.

• American Express gained 3.41% after reporting fiscal Q3 earnings that beat Wall Street estimates, despite a 60% decline in operating profits.

• Online video conference company Webex gained 4.37% after striking deals to offer its services to France Telecom and Bea Systems. Bea Systems gained 3.07%.

• Ford Motor Company gained 0.24% after pulling off a $9.4 billion bond sale today, a whopping $6.4 billion more than was planned. Some of the bond yields were as high as 8.02%, thus attracting bond buyers from various specialties.

• DevX Energy gained 30% to close at $6.76 a share after Comstock Resources agreed to acquire it for $7.32 a share. Comstock Resources gained 2%.

• Upscale juice company Odwalla gained 47.79% on news that Coca Cola is in talks to acquire it.

• Sungard Data Systems lost 4.40% after the US Department of Justice sued to block its $825 million acquisition of Comdisco's disaster recovery business. With Sungard Data Systems facing a possible blockade, Hewlett Packard seems the likely candidate to acquire the unit (for now). Comdisco lost 11.43%, while Hewlett Packard gained.

• US Steel shares gained after the International Trade Commission (ITC) ruled that foreign steel imports have affected the US steel industry seriously. The ITC has up till December 19th. to prescribe remedies, which will likely be in the form of Tariffs, and/or import Quotas.

• AFTER CLOSE: Epiphany is losing in after hours trading after reporting fiscal Q3 losses that were 2 cents a share less than First Call estimates, but double last year's. Revenue declined from $39.1 million last year to $28.5 million.

• AFTER CLOSE: Vitessee Semiconductor is still gaining in after hours trading after reporting fiscal Q4 losses that were 1 cent a share wider than Wall Street expected, and revenue missed by $1.5 million.

• AFTER CLOSE: Expedia is gaining in after hours trading after reporting fiscal Q1 earnings that beat First Call estimates by a whopping 10 cents a share. Revenue rose from $42.1 million reported last year to a whopping $79.5 million.

• AFTER CLOSE: Silicon Graphics is still gaining in after hours trading after reporting fiscal Q1 losses that were 3 cents a share wider than First Call estimates, and revenue that missed too.

• AFTER CLOSE: Altera is losing in after hours trading despite reporting fiscal Q3 earnings that met estimates, but revenue was $200,000 shy of Wall Street estimates.

• AFTER CLOSE: JDA Software is gaining in after hours market after reporting fiscal Q3 earnings that beat First Call estimates by 3 cents a share on revenue that rose 15% over the year to $50 million.

• AFTER CLOSE: FreeMarkets is still gaining in after hours trading after reporting fiscal Q3 losses that were more than half less than First Call estimates, while over the year revenue rose 53% to $40.6 million. Freemarkets expects to post a profit in fiscal Q4.

• AFTER CLOSE: NetIQ is gaining in after hours trading after reporting fiscal Q1 earnings that beat First Call estimates by 2 cents a share, while revenue doubled to $60.7 million.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is up and running. We are confident, the quality of our content will keep you coming back.

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PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR FRIDAY OCTOBER 19TH. 2001

DOW INDUSTRIAL: 9204.11 = +40.89

NASDAQ: 1671.31 = +18.59

S & P 500: 1072.71 = +4.10

MOST ACTIVE STOCKS & SECTORS

The markets closed the week on a high note. The NASDAQ, which rallied with 3 hours to go, had a heavy trading volume (by Friday standards) of over 1.591 billion, while the Dow had a volume of over 1.276 billion shares traded. Gainers included: AOL Time Warner, Applied Materials, Bradley Pharmaceuticals, Broadcom, Brocade Communications, Celestica, Check Point Software, CKE Restaurants, Coca Cola, Compaq, Computer Associates, Dell, Embraer Aircraft SA, EMC Corp, Emulex, eSafetyWorld, ExxonMobil, Fairchild Corp, Fisher Scientific International, Genesis Microchip, Gillette, GP Strategies, Guidant Corp, Hershey Foods, IBM, Immucell, Inktomi, Intel, Itron Corp, Jabil Circuits, Juniper Networks, KLA-Tencor, Lucent Technologies, Magnetek, Manhattan Associates, Microsoft, Motorola, NetGuru, Nextel Communications, Nokia, Olin Corp, Oracle, Peoplesoft, Pfizer, Qlogic, QLT, Qualcomm, Quest Diagnostics, Rhodia, Scientific Atlanta, Siebel Systems, Sovereign Bancorp, Steris, Sungard Data Systems, Veritas Software, Washington Mutual, Yahoo!, and Zoran Corp.

MAIN REASONS FOR ACTIVITY

• US Consumer Price Index (CPI), a good measure of consumer inflation, rose 0.4% in September, twice what economists were expecting. The Core CPI, which excludes volatile energy and food sectors, rose in line with expectations at 0.2%.

• US August Trade Deficit declined by $1.9 billion to $27.1 billion. Total Exports rose $0.9 billion to $84.5 billion, while total Imports declined $0.8 billion to $111.6 billion.

• Federal Reserve Bank of St. Louis.....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.

• Coca Cola and Hershey Foods gained 5.36% and 4.01% respectively after UBS Warburg upgraded them to a "strong buy" and added them to its "highlighted stocks" list.

• Nokia gained 7.03% after forecasting a fiscal Q4 rebound of its financials.

• Providian Financial lost 58.47% after reporting a 71% decline in profits late yesterday. Providian also announced that its Chairman and CEO has resigned.

• Broadcom, Computer Associates, Emulex, KLA-Tencor, Microsoft, and Peoplesoft gained today due to their earnings reports yesterday.

• The London Stock Exchange (LSE), like other European exchanges, closed lower today due to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• eBay lost 12.04% despite reporting earnings and revenue yesterday that beat. Most analysts were cautious about its holiday season outlook, despite raising its revenue outlook for fiscal Q4.

• Gillette gained 5.32% after reporting fiscal Q3 earnings that met estimates, while revenue rose 2% to $2.36 billion, which beat Wall Street estimates.

• Ford Motor Company lost 1.55% on news that it plans to raise $7.5 billion in the bond markets on Monday, despite its recent credit downgrades.

• Contract Electronics Manufacturer (CEM) Jabil Circuits gained 5.78% after announcing that it now has a shareholder rights plan in place that will trigger in at 15% if any attempts are made to take it over.

• Disposable garments maker eSafetyWorld gained a whopping 412.90% on news that it has introduced a new product that makes mail opening safe in these Anthrax scare times.

• Automated utility meter reading systems company Itron gained 17.65% on a JP Morgan Chase & Co. upgrade to "buy". JP Morgan Chase also raised its price target on the stock.

• QLT gained after the Medicare and Medicaid insurance agencies announced that they will expand their coverage to include QLT's anti-blindness drug, Visudyne™.

• Scientific Atlanta gained 22.09% after Merrill Lynch upgraded it to a "buy", and ABN AMRO upgraded it to a "hold". Analysts are expecting a strong demand and earnings from its digital set top boxes.

• Guidant gained 8.20% on an AG Edwards upgrade.

• Sungard Data Systems gained 3.56% on a Robertson Stephens upgrade to "buy". Robertson Stephens also made known that based on the company's earnings report late yesterday, the shares are undervalued.

• Quest Diagnostics gained 9.22% on a USB Piper Jaffray upgrade.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is 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

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR THURSDAY OCTOBER 18TH. 2001

DOW INDUSTRIAL: 9163.22 = -69.75

NASDAQ: 1652.72 = +6.38

S & P 500: 1067.84 = -9.25

MOST ACTIVE STOCKS & SECTORS

The markets closed mixed as the NASDAQ closed higher, while the Dow closed lower. The NASDAQ, which was zigzag all day, had a heavy trading volume of over 1.792 billion, while the Dow had a volume of over 1.269 billion shares traded. Gainers included: Applied Micro Circuits, Bausch & Lomb, Broadcom, Brocade Communications, Check Point Software, Ciena Corp, Cisco Systems, Coca Cola Enterprises, eBay, Eircom Plc, EMC Corp, Entrust, Immunex, GE, Grubb & Ellis, Grupo Iusacell SA, Internet Security Systems, JDS Uniphase, Johnson & Johnson, Juniper Networks, Libbey, Loews Corp, Lucent Technologies, McLeodUSA, Mellon Financial Corp, Microsoft, Monaco Coach, Motorola, Network Associates, Olin Corp, Peoplesoft, Pfizer, Qlogic, Qualcomm, RF Microdevices, Sun Microsystems, Symantec Corp, TiVo, Tyco International, Union Bank of California, Valicert, Verisign, Veritas Software, Wells Fargo & Co, XM Satellite, and XO Communications.

MAIN REASONS FOR ACTIVITY

• US Initial Jobless Claims for week ending October 13th. rose 6,000 to 490,000, while the figures for the week before were revised upwards by 16,000 to 484,000. The 4-week moving average rose 24,000 to 491,000.

• The Philadelphia Fed Survey declined in September, as the Business Activity Index moved from -7.3 to -27.4. All the indices closed lower except the 6-Month Outlook Index, which gained. 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.

• Well Fargo & Co. gained 0.57% after reporting earnings and revenue in fiscal Q3 that improved.

• Computer security stocks gained due to strong earnings from Entrust, Symantec, and Valicert. Analysts were also bullish on the future of the sector. Encryption technology stocks declined.

• XO Communications gained 34.37% after Microsoft selected it as its hosting partner for Microsoft bCentral Strategy and .NET Vision services.

• TiVo gained 21.76% after signing a deal with Sony that gives it access to its personal digital recorder technology.

• The London Stock Exchange (LSE) closed lower today due to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• XM Satellite gained 0.47% after receiving a $66 million funding promise from Boeing Capital Services and Boeing Satellite Systems.

• Immunex gained 2.95% on a JP Morgan Stanley Chase & Co. upgrade to a "buy". Morgan Stanley Dean Witter however, downgraded the stock.

• Coca Cola Enterprises gained 3.30% on a UBS Warburg upgrade to a "buy".

• AFTER CLOSE: Microsoft is still gaining in after hours trading after reporting fiscal Q1 earnings that beat First Call estimates by 4 cents a share, as sales rose 6% to $6.13 billion.

• AFTER CLOSE: eBay is losing in after hours trading after reporting fiscal Q3 earnings that beat First Call estimates by 1 cent a share. Over the year sales rose 71% to $194.4 million, which was above estimates. eBay raised its fiscal Q4 sales target to between $200 million and $210 million.

• AFTER CLOSE: Peoplesoft is still gaining in after hours trading after reporting fiscal Q3 earnings that beat Wall Street estimates by 3 cents a share. Revenue rose to $509.4 million, which missed estimates, but came in higher than the year before.

• AFTER CLOSE: Nortel Networks is gaining in after hours trading after reporting fiscal Q3 losses that were 1 cent a share less than First Call estimates, as sales declined almost by half to $3.69 billion.

• AFTER CLOSE: Sun Microsystems is still gaining in after hours trading after reporting fiscal Q1 losses that were 1 cent a share less than First Call estimates. Revenue of $2.86 billion not only missed estimates, but was almost half of last year's.

• AFTER CLOSE: Emulex is gaining in after hours trading after reporting fiscal Q1 earnings that beat Wall Street estimates by 1 cent a share, while revenue declined 5% over the year to $52.7 million.

• AFTER CLOSE: Sycamore Networks is still losing in after hours trading after issuing an earnings warning for its fiscal Q1.

• AFTER CLOSE: KLA-Tencor is gaining in after hours trading after reporting fiscal Q1 earnings that beat First Call estimates by 1 cent a share. Over the year revenue rose from $382.7 million to $503 million.

• AFTER CLOSE: Applied Micro Circuits is losing in after hours trading after reporting fiscal Q2 losses that were 1 cent a share less than First Call estimates, while revenue declined more than half to $41.3 million.

• AFTER CLOSE: SCI Systems is losing in after hours trading after lowering its fiscal Q1 earnings estimates by more than half.

• AFTER CLOSE: Triquint Semiconductor is still losing in after hours trading after reporting fiscal Q3 earnings that beat First Call estimates by 1 cent a share, while over the year revenue rose slightly to $80.8 million.

• AFTER CLOSE: Computer Associates is gaining in after hours trading after reporting fiscal Q2 earnings that were 9 cents a share better than First Call estimates, and revenue that rose to $1.44 billion.

• AFTER CLOSE: Corning is gaining in after hours trading after reporting fiscal Q3 earnings that beat First Call estimates, despite a 74% decline in profits.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is 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

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR WEDNESDAY OCTOBER 17TH. 2001

DOW INDUSTRIAL: 9232.97 = -151.26

NASDAQ: 1646.34 = -75.73

S & P 500: 1076.28 = -21.26

MOST ACTIVE STOCKS & SECTORS

The markets closed lower due to expanded Anthrax reports, and the Federal Reserve Chairman's lack of market moving comments at his congressional testimony. The NASDAQ, which dived all day, had a very very heavy trading volume of over 2.296 billion, while the Dow had a volume of over 1.448 billion shares traded. Gainers included: Acambis Plc, Advantest, Alcatel SA, Alston SA, Aztar Corp, Cadence Design, Capital One Financial, CEC Entertainment, Charles Schwab, Citigroup, Computer Task Group, Cornerstone Corp, CP Ships Ltd, Digitalthink, Ducati Motor Holdings, Elxsi Corp, Ericsson, Filenet, First Republic Bank, IBM, Infocus Corp, JP Morgan Chase & Co, JPS Industries, London Pacific Company, McLeodUSA, Motorola, Nokia, NTL, Paradyne Networks, Parthus Technology Plc, Pfizer, Plantronics, Ross Systems, Seitel Corp, SkechersUSA, Spirent Plc, Sprint PCS Group, Surebeam Corp, Tomkins Plc, Total Entertainment Restaurant, US Bancorp, and XO Communications.

MAIN REASONS FOR ACTIVITY

• The Mortgage Bankers Association (MBA) reported that for week ending October 12th, its MBA Mortgage Applications Survey rose 18.1% to 1015.4. The Purchase Index rose 5.8% to 286.9, while the Refinance Index rose 22.6% to 5252.6.

• The Energy Information Agency (EIA) and the American Petroleum Institute (API) reported that for week ending October 12th, US Crude Oil inventories declined 4.4 million barrels and 7.02 million barrels respectively, while Distillates gained 2 million barrels and 2.77 million barrels respectively.

• US New Residential Housing Starts rose 1.7% in September to 1.57 million units. Building Permits and New Private Home Completions declined for the period. The South and Western US accounted for the increase.

• The Federal Reserve Chairman Alan Greenspan testified before congress today.....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.

• IBM gained 1.03% today due to its strong earnings report yesterday.

• Intel lost 1.56% today on concerns about its revenue reported yesterday.

• AOL Time Warner lost 8.03% after reporting fiscal Q3 losses that widened. AOL Time Warner's revenue increased too.

• Washington Mutual lost 11.02% after reporting fiscal Q3 earnings that missed Wall Street estimates, despite an 84% increase. DA Davison downgraded Washington Mutual.

• International Paper lost 3.40% after reporting fiscal Q3 earnings that declined 74% due to a tough market, restructuring and poor demand for its products.

• Siebel Systems closed lower after reporting fiscal Q3 earnings that missed estimates by 2 cents a share, and revenue that missed by a whopping $62.3 million.

• UK Smallpox antibiotic maker Acambis Plc. gained as the Anthrax fear expands.

• UK American Deposit Receipts (ADRs) gained, and the London Stock Exchange (LSE) also closed higher today due to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Eli Lilly lost 5.06% after its Pepsis drug didn't get the FDA approval as expected.

• Data Storage company EMC and Ford Motor Company both closed lower after reporting disappointing fiscal Q3 numbers. Ford Motor Company expects the weakness to continue into fiscal Q4.

• Anthrax was tested positive on 31 Congressional Staffers, and reported by the Manhattan office of New York state Governor George Pataki, and as far away as Nevada. Some congressional offices were closed, as Wall Street became jittery.

• GE lost 3.74% after filing with the SEC plans to offer $5 billion in mixed securities.

• AFTER CLOSE: Commerce One is gaining in after hours trading after reporting fiscal Q3 losses that were in line with estimates, and revenue that missed by $800,000.

• AFTER CLOSE: Symantec is gaining in after hours trading after reporting fiscal Q3 earnings that beat Wall Street estimates by a whopping 13 cents a share. Revenue rose from $226.4 million to $242.4 million.

• AFTER CLOSE: Immunex is gaining in after hours trading after reporting fiscal Q3 earnings of 7 cents a share, in line with First Call estimates, and 26% higher than the year before. Revenue rose from $219 million last year to $253 million.

• AFTER CLOSE: Sprint PCS Group is still gaining in after hours trading despite reporting fiscal Q3 losses that were wider. On the upside, Sprint PCS reported that it added 1.2 million new customers in the period, and expects to add another 1.3 million in fiscal Q4.

• AFTER CLOSE: Sprint FON Group is gaining in after hours trading after reporting fiscal Q3 earnings that met estimates, while revenue declined 4.5% to $4.24 billion. Sprint FON announced that it is terminating its ION initiative, which should cost about 6,000 jobs. Sprint FON is taking a $2 billion charge in fiscal Q4 due to the termination of ION.

• AFTER CLOSE: Apple Computer is gaining in after hours trading after reporting fiscal Q4 earnings that beat First Call estimates by 3 cents a share. Over the year revenue declined 22% to $1.45 billion, which missed estimates.

• AFTER CLOSE: AMD is still losing in after hours trading after reporting fiscal Q3 earnings that met First Call estimates, while revenue missed.

• AFTER CLOSE: Handspring is still losing in after hours trading after reporting fiscal Q1 losses that were 4 cents a share less than First Call estimates. Handsprings sales was $61.4 million, which was below the estimate of $67 million.

• AFTER CLOSE: Texas Instruments is still losing in after hours trading after reporting fiscal Q3 losses that were 1 cent a share less than First Call estimates, and sales that beat estimates $1.9 billion.

• AFTER CLOSE: Broadcom is gaining in after hours trading despite reporting fiscal Q3 losses that were 2 cents a share less than First Call estimates, and revenue that beat estimates.

• AFTER CLOSE: TranSwitch is still losing in after hours trading after reporting fiscal Q3 losses that were below First Call estimates by 1 cent a share. Revenue however, declined from $42.6 million last year to $4.5 million.

• AFTER CLOSE: Extreme Networks is losing in after hours trading despite reporting fiscal Q1 earnings at a break even, which is better than the 1 cent a share loss Wall Street was expecting.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is 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

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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MARKET SUMMARY FOR TUESDAY OCTOBER 16TH. 2001

DOW INDUSTRIAL: 9384.23 = +36.61

NASDAQ: 1722.07 = +25.76

S & P 500: 1096.74 = +6.76

MOST ACTIVE STOCKS & SECTORS

The markets rallied today. The NASDAQ, which staged a strong rally with about 2 hours left, had a very heavy trading volume of over 1.836 billion, while the Dow had a volume of over 1.216 billion shares traded. Gainers included: Americredit, Applied Materials, Bank of America, Bea Systems, Biorelliance, Brocade Communications, Charles Schwab, Ciena Corp, Cisco Systems, Citigroup, Dell, Eli Lilly, EMC Corp, Enron, Ericsson, Global Crossing, Graco Corp, i2 Technologies, Immucel, Intel, Johnson & Johnson, JP Morgan Chase & Co, Juniper Networks, Lone Star Technology, Lowes Companies, Lucent Technologies, Metromedia Fiber, Microsoft, Microstrategy, Millennium Pharmaceuticals, National Home Health Care, Nortel Networks, OSI Systems, Palm, Qlogic, Rambus, RealNetworks, RF Microdevices, Rhodia, Siebel Systems, Sonus Networks, Taiwan Semiconductor, Trex Company, Tycom, US Bancorp, Veritas Software, Vivendi Universal, Wipro Ltd, WMS Industries, XM Satellite, and Yahoo!

MAIN REASONS FOR ACTIVITY

• The National Association of Home Builders (NAHB) reported that, its NAHB Housing Market Index declined 8 points in October to 48, the largest monthly point drop since they started keeping the data in 1985. The Current Single Family Home Sales, Expectations in the next 6 months, and the Traffic of Potential Buyers indices all declined.

• US Industrial Production declined 1% in September, the 12th. consecutive monthly decline in a row. Auto Production declined 3.4%, and Capacity utilization declined to 75.5%. 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.

• Kimberly Clark lost 7.40% on a Salomon Smith Barney downgrade to "outperform", after the company issued an earnings warning late yesterday.

• Global Crossing and Tycom gained 19.30% and 0.20% respectively after they agreed to settle disputes over their Atlantic and South America crossing cable systems.

• Charles Schwab gained 10% after reporting fiscal Q3 earnings that beat Wall Street estimates by 1 cent a share, despite a 24.5% decline in revenue to $997 million.

• Caterpillar lost 0.35% after reporting fiscal Q3 earnings that missed, and then warned about fiscal Q4 estimates. Caterpillar is expecting fiscal 2002 to be either flat or slightly higher.

• Metromedia Fiber gained 22.58% after announcing a contract to supply Electronics Communications Network (ECN) Archipelago™ with high-bandwidth metro areas optical Internet services.

• Microstrategy gained 39.18% today after reiterating its 2002 profitability target.

• The London Stock Exchange (LSE) closed higher today due to..........Visit our BusinessJeeves UK & Ireland portal to read our summary and analysis of the London Stock Exchange.

• Sonus Networks gained 25.81% on reports that Worldcom will be using its SONS™ equipment for its core enterprise solutions. Worldcom Group closed 4.13% lower.

• Enron gained 2.02% after Merrill Lynch upgraded it to "accumulate".

• Citigroup gained 2.88% after announcing a $5 billion stock buyback plan.

• Broadwing lost 24.98% after reporting fiscal Q3 losses that were wider than expected. Wall Street was swift in its punishment as Morgan Stanley Dean Witter and Wachovia Securities both downgraded the stock.

• AFTER CLOSE: Rambus is still gaining in after hours trading after reporting fiscal Q4 earnings that beat First Call estimates by 2 cents a share, and also announced a 5 million common stocks buyback plan. Rambus also announced that Intel has canceled the Tulloch™ chipset.

• AFTER CLOSE: RealNetworks is still gaining in after hours trading after reporting fiscal Q3 earnings that beat First Call estimates by 1 cent a share, despite a 32.6% drop in revenue.

• AFTER CLOSE: IBM is gaining in after hours trading after reporting fiscal Q3 earnings that beat First Call estimates by 1 cent a share, even though revenue was below estimates.

• AFTER CLOSE: Intel is still gaining in after hours trading after reporting fiscal Q3 earnings that met First Call estimates, and revenue that beat estimates by $100 million to $6.5 billion.

• AFTER CLOSE: i2 Technologies is losing in after hours trading despite reporting fiscal Q3 earnings that met First Call estimates. i2 Technologies was however, uncertain about fiscal Q4, generally its best quarter. i2 Technologies announced that it is cutting 1,000 of its jobs worldwide as it tries to deal with a changing global economy.

• AFTER CLOSE: Veritas Software is still gaining in after hours trading after reporting fiscal Q3 earnings that beat First Call estimates by 1 cent a share, and on revenue that came in at $340 million, still better than estimates.

• AFTER CLOSE: Millennium Pharmaceuticals is still gaining in after hours trading reporting fiscal Q3 losses that were 4 cents a share less than estimated, while revenue almost doubled to $82.2 million.

• AFTER CLOSE: RF Microdevices is losing in after hours trading despite reporting earnings and revenue that beat estimates.

• NEW SERVICE: Now that we have our United Kingdom and Ireland portal BusinessJeeves UK & Ireland, and our Canadian (English) portal BusinessJeeves Canada is 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

PICKS FOR THE NEXT MARKET DAY

REASONS BEHIND THE PICKS

STOCKS TO WATCH NEXT MARKET DAY: All stocks are in play, especially technology and Internet shares. Check out our Quarterly forecasts for other picks.

Visit our Monthly Stock Picks and Guidance page to read our portfolio picks/recommendations.

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