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by 2/7/2001 12:10 PM
Stocks quoted in this article:
Metro One Telecommunications (MTON – 30-5/16) reported fourth-quarter earnings after the closing bell yesterday of 38 cents per share. This is a significant rise from earnings of four cent per share announced for the same quarter last year. So far the shares have fallen more than three percent in trading today.

MTON fell below its 10-day moving average during trading yesterday and since has not been able to pull back above the trendline. The security had used this trendline as a support since the start of its upward climb at the beginning of November.
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by 2/7/2001 11:17 AM
Stocks quoted in this article:
Brocade Communication Systems (BRCD – 80-3/8) will be added to the Nasdaq-100 Index (NDX – 2407.33) before trading begins on Tuesday February 13. BRCD will replace SDL Inc. (SDLI – 187-9/16) because SDLI is being acquired by JDS Uniphase (JDSU – 49-3/8) after a shareholder vote next Monday.

Usually such an announcement brings about a price increase in the stock from speculators bidding up the shares. But today, BRCD shares are suffering more from the negative earnings announcement last night from their competitor, Cisco Systems (CSCO – 31-7/16). BRCD shares are down about three points today.
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by 2/7/2001 11:14 AM
Stocks quoted in this article:
Allstate (ALL – 40.73), the nation's number two property insurer, presented pleasing results for the fourth quarter. Profit was up 12 percent, despite lower premiums. Earnings excluding restructuring charges rose from 66 cents per share for the same quarter last year to 80 cents this year, handily beating Street estimates of 72 cents per share. The company is working on making itself more profitable and investors seem to be responding, as the stock price rose 81 percent during 2000.

The most active ALL option so far today is the February 40 call, which has traded 140 contracts on open interest of 2,106. This option is the site of peak front-month call open interest, although some April and July calls have accumulated much higher open interest.
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by 2/7/2001 10:28 AM
Stocks quoted in this article:
And another one gone, another one gone, another one bites the dust. The 1980 Queen melody is appropriate 21 years later, as a seemingly endless stream of layoff announcements emerge from dotcom country. Today's victim is Stamps.com (STMP – 3-11/32), a provider of online shipping and postage needs. The company said it will release 50 percent of its work force, or 150 employees. STMP officials said this move is simply part of a push to move into profitable territory.

The shares are actually trading in the positive column this morning, tacking on just under one percent. The equity is perched nearly 97 percent below its all-time high of 98-1/2 achieved in late-November 1999. <
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by 2/7/2001 10:13 AM
Stocks quoted in this article:
E*Trade Group (EGRP – 12-3/4) is one of the country's largest online brokers, boasting more than three million account holders. Along with the United States, the firm also has operations in Europe, South Africa, and parts of Asia. The shares started 2001 with a bang, rallying 115 percent from its January 2 low to its peak on January 30. This brought the equity back into double-digit territory for the first time since Thanksgiving.

This morning, the company unveiled a new service that provides free real-time quotes for it clients. This new feature, named MarketCaster, allows users to create customized lists to track specific portfolios. The shares are trading marginally lower in early-morning activity. <
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