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---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/11/2000=
=20 05:52 PM --------------------------- "SmartPortfolio.Com" <admin_update@smartportfolio.com< on 02/11/2000 07:38:= 58=20 PM Please respond to "SmartPortfolio.Com" <admin_update@smartportfolio.com< To: Sara Shackleton/HOU/ECT@ECT cc: =20 Subject: SmartPortfolio.Com Update: Techs, Economic News Trigger Sell Off The following is a FREE service brought to you by SmartPortfolio.Com, located on the Web at http://www.smartportfolio.com <A HREF=3D"http://www.smartportfolio.com"<AOL users click here</A< Update February 11, 2000 Friday's Market Update: Techs, Economic News Trigger Sell Off 1. Friday's Market Action 2. Internet and Tech Stocks 3. Notable Earnings Announcements 4. Notable Upgrades and Downgrades 5. Stock Splits 6. IPO Commentary 7. IPOs Trading Friday 8. IPO Calendar ********************* Advertisement ********************** WEBMETHODS SOARS OVER 500% IN PUBLIC DEBUT! The Smart!IPO Report focuses on promising companies poised for strong IPO returns. Today's performance of webMethods (Nasdaq:WEBM), which surged 507.50%, is just one example. There are a plenty of hot companies set to go public in coming weeks, and the Smart!IPO Report picks the likely winners every week! You can get our IPO analysis by subscribing to a FREE 2- week trial at: http://www.smartportfolio.com/freetrials <A HREF=3D"http://www.smartportfolio.com/freetrials"<AOL users click here.</A< ************************************************************** NASDAQ FALLS, BUT ARIBA KEEPS FLYING, UP NEARLY 17 TODAY! Haven't heard of this leading business-to-business company? Subscribers to the Smart!Internet Report have - they read an in- depth analysis of the company in 2 previous issues, in which we explained why this stock is primed for big gains. To find out about your next compelling investment opportunity, try a FREE 2-week trial subscription to the Smart!Internet Report by visiting: http://www.smartportfolio.com/freetrials <A HREF=3D"http://www.smartportfolio.com/freetrials"<AOL users click here</A< *************************************************************** Need this report sooner? Please remember that you can always read the update on our web site at http://www.smartportfolio.com/update The update is posted at approximately 6:00 PM EST every day. 1. Friday's Market Action $ Change % Change Close Dow Industrials -218.42 -2.05% 10425.21 S&P 500 -29.71 -2.10% 1387.12 Nasdaq -90.18 -2.01% 4395.45 Internet Stock Index -23.66 -2.49% 928.07 The markets ended a volatile week with an afternoon sell off due to some inflationary economic news and a weak tech sector led downward by shares of software giant Microsoft Corp. (Nasdaq:MSFT). Meanwhile, traders shrugged off news of an explosion that occurred early this morning only a few blocks from the New York Stock Exchange. Investors absorbed some mixed economic data that renewed fears that the Fed may raise interest rates at its next meeting as a means of combating inflation. The Commerce Department revised upward its U.S. retail sales figures for December, saying retail sales rose 1.7%, significantly greater than the previously announced 1.2% increase. This inflationary news was tempered somewhat by the Commerce Department's report that retail sales increased only 0.3% in January, which is lower than the 0.6% gain expected by economists. Nonetheless, investors were concerned because when the Fed raised interest rates at its last meeting, the members of the FOMC, the Fed's interest rate policy committee, indicated that they would consider acting again if inflation pressure continued. Retail stocks were mixed on the day, with Wal-Mart Stores (NYSE:WMT) off 13/16 (-1.43%) to 56 3/16, Home Depot (NYSE:HD) up 1/2 (+0.84%) to 60 1/16, JC Penney (NYSE:JCP) down 1/4 (-1.40%) to 17 5/8, Staples (Nasdaq:SPLS) edging up 1/4 (+0.90%) to 28 1/16, and Costco Wholesale Corp. (Nasdaq:COST) declining 7/16 (- 0.84%) to 51 11/16. Dell Computer (Nasdaq:DELL) shares slipped 4.95% (down 1 59/64) to 36 7/8 after the computer maker announced quarterly earnings late Thursday. Profits came in at 16 cents per share, beating revised downward Wall Street estimates of 15 cents per share. Dell's revenues grew at 31%, which is a slower pace than in previous periods due to chip supply problems and sales slowdowns due to Year 2000 concerns of buyers. Shares of other computer makers ended with mixed results, with Compaq Computer (NYSE:CPQ) up 5/8 (+2.50%) to 25 5/8, Apple Computer (Nasdaq:AAPL) down 4 3/4 (-4.19%) to 108 3/4, and Gateway (NYSE:GTW) lower by 2 3/8 (- 4.08%) to 55 7/8. Despite Dell's strong showing, the tech sector led today's market decline. Microsoft Corp. shares were a catalyst for the sell off, dropping 6 1/16 (-5.72%) to 99 15/16 after a study from technology consulting firm Gartner Group raised questions about the compatibility of the soon-to-be-launched Microsoft 2000 with existing software programs. Microsoft shares were also hurt by comments from Michael Dell, CEO of Dell Computer (see above), suggesting that the Linux operating system, which competes with Microsoft Windows, was gaining popularity and that business customers were not showing extraordinary demand for upgrading hardware systems for Windows 2000. Other tech sector losers today included International Business Machines (NYSE:IBM), down 3 13/16 (-3.20%) to 115 5/16, Hewlett- Packard (NYSE:HWP), down 4 5/8 (-3.67%) to 121 3/8, Motorola (NYSE:MOT), down 4 1/32 (-2.60%) to 151 1/4, and America Online (NYSE:AOL), down 1 11/16 (-2.90%) to 56 9/16. In other large cap news, Dow Chemical (NYSE:DOW) shares edged lower by 3/16 (-0.18%) to 105 3/4 after the company announced that its Chairman, Frank Popoff, will retire in November after he turns 65 and will be succeeded by William Stavropoulos, who currently serves as President and CEO of the chemical company. 2. Internet and Tech Stocks For a FREE trial to SmartPortfolio.Com's in-depth analysis of selected Internet stocks, please visit: http://www.smartportfolio.com/freetrial <A HREF=3D"http://www.smartportfolio.com/freetrial"<AOL users click here</A< The Internet sector had another break today from the recent spate of site outages from online hackers. As the FBI's criminal investigation continues, the White House said today that President Clinton will meet with senior government officials and Internet business leaders to discuss the attacks and online security issues. A host of leading Web sites -- including those of Yahoo! (Nasdaq:YHOO), Amazon.com (Nasdaq:AMZN), eBay (Nasdaq:EBAY), Buy.com (Nasdaq:BUYX), and CNN, a division of Time Warner (NYSE:TWX) -=0F- were the targets of the attacks this week. Competition in the chip sector heated up today after Advanced Micro Devices (NYSE:AMD) launched a new and faster chip, an 850MHz version of its AMD Athlon processor, in a challenge to Intel Corp. (Nasdaq:INTC), the world's leading semiconductor company. AMD shares were also impacted after the company's Chairman, W.J. Sanders III, said at a tech conference that AMD expects its first quarter sales to be consistent with or slightly higher than those in the seasonally strong fourth quarter. AMD shares ended higher by 2 1/2 (+5.88%) to 45 and Intel shares were off 1 3/4 (-1.63%) to 105 7/8, while Applied Materials (Nasdaq:AMAT) shares sank 9 3/4 (-5.58%) to 165, Micron Technology (NYSE:MU) shares were off 1 1/4 (-1.73%) to 71 1/8, Altera (Nasdaq:ALTR) shares dropped 2 15/16 (-3.85%) to 73 5/16, and Novellus Systems (Nasdaq:NVLS) shares declined 9.21% (down 5 1/2) to 54 1/4. Knight/Trimark Group (Nasdaq:NITE) announced that it acquired the institutional stock business from troubled New York investment firm D.E. Shaw & Co. Knight/Trimark said the move is aimed at growing its business with large institutional investors. Shares of the #1 market maker on the Nasdaq stock market fell 3/8 (- 1.14%) to 32 7/16. Other stocks in the e-finance sector ended mixed, with Schwab (NYSE:SCH) up 1/2 (+1.30%) to 39, Ameritrade (Nasdaq:AMTD) down 1/4 (-1.55%) to 15 7/8, DLJ Direct (NYSE:DIR) jumping 9.32% (up 15/16) to 11, and TD Waterhouse Group (NYSE:TWE) rising 11/16 (+4.58%) to 15 11/16. Several stocks in the networking sector succumbed to profit taking today after the sector received a boost from Cisco Systems' (Nasdaq:CSCO) earlier this week of better than expected quarterly earnings and a 2-for-1 stock split. Today, Cisco shares gave back 5 (-3.68%) to 130 15/16, while certain other networking stocks followed suit, including Redback (Nasdaq:RBAK), down 7 1/2 (-3.36%) to 215 1/2, Nortel Networks (NYSE:NT), down 4 137/256 (-3.69%) to 118 55/256, RealNetworks (Nasdaq:RNWK), down 9 3/8 (-5.02%) to 177 1/2. Two exceptions were Foundry Networks (Nasdaq:FDRY), up 1 5/16 (+1.06%) to 124 13/16, and Juniper Networks (Nasdaq:JNPR), up 7 3/8 (+3.54%) to 215 7/8. Other big movers in the Internet and technology sectors included: << Winstar Communications (Nasdaq:WCII), down 5 (-5.97%) to 78 3/4 despite its announcement yesterday of a lower than expected quarterly loss of $3.28 a share, compared to analyst estimates of a $3.38 a share loss. << Cognizant Technology Solutions (Nasdaq:CTSH), jumping 6 1/4 (+5.05%) to 130 after the software services company announced a 2-for-1 stock split. << Policy Management Systems (NYSE:PMS), falling 39.53% (down 6 1/4) to 9 9/16 on analyst concerns regarding the company's financial results. << SunGuarda Data Systems (NYSE:SDS), rising 16.23% (up 4 5/8) to 33 1/8 after the computer service and application software company reported better than expected earnings and was upgraded by Robertson Stephens to a strong buy rating from buy. << Infosys Technologies Ltd. (Nasdaq:INFY), bolting 26.79% (up 141 9/16) to 670 1/16 on no apparent news concerning the Indian software firm. Leading Internet and tech stocks performed as follows: Company $ Change % Change Close Amazon (Nasdaq:AMZN) 0 0.00% 76 3/16 America Online (NYSE:AOL) -1 5/8 -2.79% 56 5/8 Commerce One (Nasdaq:CMRC) -1 9/16 -0.99% 155 1/2 Cisco (Nasdaq:CSCO) -5 -3.68% 130 15/16 CMGI (Nasdaq:CMGI) -5 3/4 -4.88% 112 1/16 Dell (Nasdaq:DELL) -1 59/64 -4.95% 36 7/8 Ebay (Nasdaq:EBAY) -9 -5.54% 153 3/8 ExciteAtHome (Nasdaq:ATHM) -1 1/4 -3.53% 34 3/16 Exodus (Nasdaq:EXDS) -5 13/16 -4.83% 114 9/16 Intel (Nasdaq:INTC) -1 3/4 -1.63% 105 7/8 Juniper (Nasdaq:JNPR) +7 3/8 +3.54% 215 7/8 Lucent (NYSE:LU) +1/8 +0.24% 53 1/8 Microsoft (Nasdaq:MSFT) -6 1/16 -5.72% 99 15/16 Oracle (Nasdaq:ORCL) -2 5/8 -4.21% 59 11/16 Schwab (NYSE:SCH) +1/2 +1.30% 39 Sun Micro (Nasdaq:SUNW) -3/16 -0.20% 94 7/16 Qualcomm (Nasdasq:QCOM) -4 15/16 -3.61% 132 Qwest (NYSE:Q) +9/16 +1.23% 46 1/4 Yahoo (Nasdaq:YHOO) -22 5/16 -6.11% 342 11/16 ********************* Advertisement ************************ Sponsored by InvestorPlace.com The race is on to map the human genome in Y2K. One company is at the head of the pack, and will earn early investors windfall profits this year. Find out how you can buy it today--at a discount. FREE TECH INVESTING REPORT: http://www.enlist.com/cgi-bin/re/www_PPI-ORDERS_com53P138 ************************************************************ ********************* Advertisement ************************ What every taxpayer should know: Everything you need to prepare and file your taxes is at MSN.com's MoneyCentral. Tax forms, tips, & tools help you find overlooked deductions & avoid tax mistakes. http://click.avenuea.com/go/l90_mctax582_011400cp_news_4/ direct/01 ************************************************************ 3. Notable Earnings Announcements For a calendar of recent and upcoming earnings announcements, please visit: http://www.smartportfolio.com/earnings.asp <A HREF=3D"http://www.smartportfolio.com/earnings.asp"<AOL users click here</A< Wendy's International (NYSE:WEN) reported fourth quarter earnings of 33 cents per share, which was one penny ahead of Wall Street estimates. Shares of the popular fast food chain operator gained 5/16 (+1.81%) to 17 9/16 while shares of Dow component and fast food leader McDonald's Corp. (NYSE:MCD) ended down 9/16 (-1.58%) to 34 15/16. Dole Food Co. (NYSE:DOL) reported fourth quarter earnings of 4 cents per share, which beat First Call consensus estimates by a penny. Shares of the world's leading fresh fruit and vegetable producer jumped 7.11% (up 1) to 15 1/16. 4. Notable Upgrades and Downgrades For full coverage of today's upgrades, downgrades and coverage initiations, please click on the appropriate links below: -- Upgrades - http://www.smartportfolio.com/upgrades.asp <A HREF=3D"http://www.smartportfolio.com/upgrades.asp"<AOL users click here</A< Cabletron Systems (NYSE:CS) shares rose 4.10% (up 1 1/2) to 38 1/8 after Goldman Sachs raised its rating on the computer networking equipment maker to market outperform from market perform. Goldman Sachs also upgraded Kerr-McGee (NYSE:KMG) to trading buy from market outperform. Shares edged up 3/8 (+0.79%) to 48 1/8. Merrill Lynch raised its near-term and long-term ratings =0F-- both to buy from accumulate -=0F- on Office Depot (NYSE:ODP). Shares of the office supplies retailer fell 5.50% (down 3/4) to 12 7/8. Merrill Lynch also upped its near-term rating on Shell Transport (NYSE:SC) to buy from accumulate. Shares were off 15/16 (-2.14%) to 42 13/16. Sunoco (NYSE:SUN) was upgraded by PaineWebber to buy from attractive. Shares of the oil company gained 9/16 (+2.35%) to 24 1/2. Alcoa (NYSE:AA) was upgraded by CIBC World Markets to buy from hold. Shares of the aluminum company and Dow component rose 2 3/16 (+3.34%) to 67 11/16. -- Downgrades - http://www.smartportfolio.com/downgrades.asp <A HREF=3D"http://www.smartportfolio.com/downgrades.asp"<AOL users click here</A< InterVU (Nasdaq:ITVU) was downgraded by Raymond James to market perform from strong buy. Shares ended higher by 3 3/8 (+2.64%) to 131 3/8. KeraVision (Nasdaq:KERA) was lowered by Prudential Securities to hold from accumulate. Shares lost 5.26% (down 7/16) to 7 7/8. Complete Business Solutions (Nasdaq:CBSI) was downgraded by Donaldson, Lufkin & Jenrette to market perform from buy. Shares dropped 11.18% (down 2 1/8) to 16 7/8. Micron Technology (NYSE:MU) was downgraded by ING Barings to hold from buy. Shares of the semiconductor company lost 1 1/4 (- 1.73%) to 71 1/8. -- Coverage Initiations - http://www.smartportfolio.com/initiated.asp <A HREF=3D"http://www.smartportfolio.com/initiated.asp"<AOL users click here</A< Boston Scientific (NYSE:BSX) was started by Salomon Smith Barney with a neutral rating. Shares fell 15/16 (-4.70%) to 19. F5 Networks (Nasdaq:FFIV) was initiated by McDonald Investments with a buy rating. Shares jumped 8 7/8 (+9.92%) to 98 3/8. Chase Manhattan Bank (NYSE:CMB) was initiated by McDonald Investments with a buy rating. Shares dipped 1/2 (-0.60%) to 82 5/8. 5. Stock Splits To obtain the latest information on stock splits, please visit: http://www.smartportfolio.com/splits <A HREF=3D"http://www.smartportfolio.com/splits"<AOL users click here</A< This chart shows the companies that will split their shares during the next 5 business days. The "Pay" column shows the payable date. The "Ex" column refers to the ex-date, the date on which the stock begins to trade at its split-adjusted price. The ratio refers to the number of split shares stockholders will receive (a 2:1 ratio means that stockholders will receive one additional share for each share they already hold). Company Pay Ex Ratio Broadcom (Nasdaq:BRCM) 2/11 2/14 2:1 Mercury Interactive (Nasdaq:MERQ) 2/11 2/14 2:1 PMC-Sierra (Nasdaq:PMCS) 2/11 2/14 2:1 PSINet (Nasdaq:PSIX) 2/11 2/14 2:1 Real Networks (Nasdaq:RNWK) 2/11 2/14 2:1 Sycamore (Nasdaq:SCMR) 2/11 2/14 3:1 Yahoo! (Nasdaq:YHOO) 2/11 2/14 2:1 Infosys Technologies (Nasdaq:INFY) 2/14 2/15 2:1 Shaw Communications (NYSE:SJR) 2/14 2/15 2:1 Yellowave Corporation (Nasdaq:YWAV) 2/14 2/15 2:1 ADC Telecom (Nasdaq:ADCT) 2/15 2/16 2:1 Exar Corp. (Nasdaq:EXAR) 2/15 2/16 3:2 Hormel Foods (NYSE:HRL) 2/15 2/16 2:1 BlindView Development (Nasdaq:BVEW) 2/16 2/17 2:1 Citrix Systems (Nasdaq:CTXS) 2/16 2/17 2:1 Ditech Corp. (Nasdaq:DITC) 2/16 2/17 2:1 Dycom Industries (NYSE:DY) 2/16 2/17 3:2 LSI Logic (NYSE:LSI) 2/16 2/17 2:1 i2 Technologies (Nasdaq:ITWO) 2/17 2/18 2:1 6. IPO Commentary IPO Commentary - http://www.smartportfolio.com/ipo <A HREF=3D"http://www.smartportfolio.com/ipo"<AOL users click here.</A< The IPO market continues to stand out as an oasis for investors amid declines in major market indices, even in the tech-heavy Nasdaq. Several companies made their public debut and any worries that investor enthusiasm for IPOs has dried up quickly evaporated. Leading the way was webMethods Inc. (Nasdaq:WEBM), a provider of business-to-business (B2B) services for the e- commerce sector, whose shares soared 507.50%. Another strong performer today was Internet services company Lante Corp. (Nasdaq:LNTE), which bolted 174.69% on its debut. One notable exception to the IPO frenzy was Pets.com (Nasdaq:IPET), which closed unchanged at its offer price of 11 on the day. The disappointing performance of Pets.com reinforces that a company's brand name is less important to investors than the growth opportunities of the market in which the company operates. That is why we continue to see unknown names in the B2B sector, like webMethods, soar while prominent companies in slower growth industries, like Pets.com, stagnate. To discover the many hot prospects in the IPO pipeline, subscribe to a two week FREE trial of the Smart!Internet Report at http://www.smartportfolio.com/freetrial <A HREF=3D"http://www.smartportfolio.com/freetrial"<AOL users click here.</A< 7. IPOs Trading Friday *Indicates an Internet related issue. *WebMethods Inc. (Nasdaq:WEBM) - Provider of infrastructure software and services that allow companies to achieve business- to-business integration. Price: 35 Open: 195 High: 215 Close: 212 5/8 Change: +177 5/8 (+507.50%) *Pets.com Inc. (Nasdaq:IPET) - An online retailer of pet products, integrating product sales with expert information on pets and their care. Price: 11 Open: 13 1/2 High: 14 Close: 11 Change: 0 (+0.00%) *Lante Corp. (Nasdaq:LNTE) - An Internet services company that develops sophisticated technology-based solutions that enable emerging electronic markets. Price: 20 Open: 44 High: 62 Close: 54 15/16 Change: +34 15/16 (+174.69%) *FLAG Telecom Holdings Ltd. (Nasdaq:FTHL) - A global carriers' carrier that develops and offers a broad range of innovative telecommunications products and services to licensed international carriers, Internet service providers and other telecommunications companies. Price: 24 Open: 30 High: 33 1/4 Close: 32 1/2 Change: +8 1/2 (+35.42%) 8. IPO Calendar - http://www.smartportfolio.com/ipo <A HREF=3D"http://www.smartportfolio.com/ipo"<AOL users click here.</A< For a calendar of upcoming IPOs and extensive information concerning the IPO market, please visit: http://www.smartportfolio.com/ipo <A HREF=3D"http://www.smartportfolio.com/ipo"<AOL users click here.</A< ********************* Advertisement ********************** WEBMETHODS SOARS OVER 500% IN PUBLIC DEBUT! The Smart!IPO Report focuses on promising companies poised for strong IPO returns. Today's performance of webMethods (Nasdaq:WEBM), which surged 507.50%, is just one example. There are a plenty of hot companies set to go public in coming weeks, and the Smart!IPO Report picks the likely winners every week! You can get our IPO analysis by subscribing to a FREE 2- week trial at: http://www.smartportfolio.com/freetrials <A HREF=3D"http://www.smartportfolio.com/freetrials"<AOL users click here.</A< ************************************************************** NASDAQ FALLS, BUT ARIBA KEEPS FLYING, UP NEARLY 17 TODAY! Haven't heard of this leading business-to-business company? Subscribers to the Smart!Internet Report have - they read an in- depth analysis of the company in 2 previous issues, in which we explained why this stock is primed for big gains. To find out about your next compelling investment opportunity, try a FREE 2-week trial subscription to the Smart!Internet Report by visiting: http://www.smartportfolio.com/freetrials <A HREF=3D"http://www.smartportfolio.com/freetrials"<AOL users click here</A< *************************************************************** *************************************************************** PLEASE GIVE US YOUR FEEDBACK If you have any additional information that you would like us to include in our newsletter, any additional functionality added to our website, or any other comments in general, please let us know by clicking on the following link: http://www.smartportfolio.com/feedback *************************************************************** *************************************************************** ADVERTISE IN OUR NEWSLETTER Want to target an attractive demographic representing wealthy, astute, Internet-inclined investors? 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