February 16, 2000 |
Applied Materials Inc. said Tuesday that its fiscal first-quarter profit surged well beyond forecasts as chip makers bought more machines to meet demand. The semiconductor equipment maker's net income rose to $328.5 million, or 80 cents a share, from $46 million, or 12 cents, a year ago. Sales more than doubled to $1.67 billion from $742.5 million as chip makers revived mothballed plants to meet orders from computer and cell phone makers. Orders, which rose to a record $2.
February 3, 2001 |
Novell Inc. said it is carving out its caching and content networking division and creating a company called Volera, in which telecommunications equipment giant Nortel Networks Inc. and business consultant Accenture will take minority stakes. The new company will sell products and services that help accelerate the distribution of multimedia content, such as video clips and music, on the Internet.
May 19, 2004 |
Barnes & Noble Inc., the world's largest book retailer, had a fiscal first-quarter profit of $12.5 million as shoppers bought hardcover books on politics and the Iraq war such as Bob Woodward's "Plan of Attack." Net income of 17 cents a share in the quarter ended May 1 beat analysts' consensus estimate by 5 cents. A year earlier, the firm posted a net loss of $2.03 million, or 3 cents a share. Sales increased 23% to $1.45 billion, the New York-based retailer said.
August 1, 2000 |
Compaq Computer Corp. unveiled a device to help companies store reams of information on computer networks, a market where the No. 1 maker of personal computers struggled last quarter. The device, known as a network-attached storage appliance, connects to networks of servers, the machines that power Internet sites and internal systems for large companies. The market for so-called NAS devices is expected to top $6.5 billion in 2003, up from $1 billion this year, Compaq said.
May 28, 1999 |
Among the new and revised stock ratings issued Thursday by Wall Street analysts: * American Classic Voyages Co. (ticker symbol: AMCV; close and change: $17.31, up 63 cents) was raised to "buy" from "accumulate" by A.G. Edwards & Sons, with a price target of $30. * Autozone Inc. (AZO; $29.75, down $1.38) was downgraded to "market perform" from "buy" by Donaldson Lufkin & Jenrette Securities. * Compuware Corp. (CPWR; $30.
June 22, 2000 |
Shares of Procom Technology Inc., a Santa Ana computer data storage company, jumped nearly 35% on Wednesday after a well-known technology periodical issued an upbeat analysis of the company. Procom's stock closed at $57, up $14.75 a share, after reaching a high for the day of $74 in extremely heavy Nasdaq trading. A total of 8.7 million shares changed hands, more than 90 times the stock's average daily volume of 98,100 over the past three months.