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by 2/27/2001 9:11 AM
Stocks quoted in this article:
Sawtek (SAWS 17-1/16) issued a warning to Wall Street this morning that their March quarter would fall short of the analysts' estimates of 29 cents per share. SAWS has lowered guidance for the quarter to fall within the 22 to 24 cent per share range, citing a slowdown in the wireless communications sector as the culprit for their shrinking earnings. In addition, the manufacturer of electronic signal components believes that they will fall short of profit expectations for the rest of the year.

The shares continue on their downward slope, being led by their 10-day and 20-day moving averages. The stock has not closed above its 10-day moving average since the beginning of January and has not traded above its 20-day since mid-December. Despite the security's bleak outlook, 6 of the 10 analysts following SAWS rate it a "buy" or better. <
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by 2/27/2001 8:59 AM
Stocks quoted in this article:
Business software provider i2 Technologies (ITWO 35-1/2) just announced good news yesterday in the form of an alliance with Intel (INTC 29-1/2). The global e-business alliance will put ITWO software on Intel products. This news powered the stock to a closing price yesterday more than six dollars higher than Friday's close.

This morning's news is a different story. Shoe and apparel maker Nike (NKE 49.17) has warned that third-quarter profit will not meet estimates and cited problems with the internal distribution system as a major reason. The footwear division, where the problem seems to be centered, uses ITWO software to power its inventory management. This negative report from one of its largest customers is hitting ITWO shares hard in pre-market activity, where they are trading down about four dollars. <
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by 2/26/2001 4:13 PM
Stocks quoted in this article:
This afternoon, Disney Internet Group (DIG 5.96) announced plans to eliminate 135 of its work staff. The websites suffering the brunt of the layoffs will be ABC.com and ABCNews.com. This downsize is in addition to the 400 people let go at Go.com, another Internet portal within the Walt Disney (DIS - 31.40) family. This strategic move was initially looked at as favorable, as both DIG and DIS shot up shortly after the announcement.

Since the beginning of the year, DIS has been trading in a sideways range between 29.50 and 33.50. The stock is presently hovering just below its descending 10-week moving average. The stock is also trading just below 4,850 open contracts at the March 32.50 call.
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by 2/26/2001 3:36 PM
Stocks quoted in this article:
Biotech firm Human Genome Sciences (HGSI 54-13/16) is trading more than 12 percent higher today. Late Friday afternoon, the company said that its new compound for fighting cardiovascular disease successfully emerged through Phase One testing. The treatment was developed in collaboration with GlaxoSmithKline (GSK 55.07). GSK is trading marginally lower in late-afternoon activity.

The shares have subsequently popped above their 20-day moving average for the first time in February. Looming immediately overhead at the 56 level, however, is the shares' descending 10-week moving average. HGSI has not had a weekly close above this trendline since December 15.
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by 2/26/2001 3:00 PM
Stocks quoted in this article:
Gapping higher today, Medarex (MEDX 26-9/16) has broken through overhead resistance in the forms of its 10-day moving average. The biotechnology company is trading 17 percent higher on news that the company is working in collaboration with Biosite Diagnostics (BSTE 37-3/4) and Eos Biotechnology to generate antibodies to genomics-derived targets over the next three years.

MEDX is seeing some active call trading as more than 1,200 March 25 call contracts changed hands today. Going into today's trading, the open interest for this option stood at only 166. <
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