This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks to Watch: Lucent Warns, Gains on Yahoo! Bid

  • Lucent (LU) said its fiscal first-quarter loss will be wider than expected. Before items, the Murray Hill, N.J., telecommunications equipment company expects to lose between 23 cents and 26 cents a share in the quarter, which ends this month. On average, analysts were expecting a loss of 17 cents a share. The company expects revenue of $3.1 billion to $3.4 billion, down from the fourth quarter's $4.8 billion. Lucent said it expects the current quarter to be its low point and predicted it will return to profitability in the current fiscal year.

    Earnings Reports & Outlooks

  • Ciena (CIEN - Get Report) posted fourth-quarter earnings that were in line with analysts' expectations. The Linthicum, Md., optical-equipment maker said it earned $17.1 million, or 5 cents a share, before items in the quarter, matching the consensus estimate. Sales rose 27% to $367.8 million.

  • Lattice Semiconductor (LSCC - Get Report) reiterated its guidance for the fourth quarter after the market's close Wednesday. Lattice forecast Oct. 22 that fourth-quarter revenue would fall 10% sequentially to $52.2 million. Given the past six weeks' of performance, Lattice believes those estimates are still appropriate. The chipmaker continues to anticipate $4.2 million in earnings before goodwill during the quarter, which would translate to earnings a penny below Wall Street's estimates of 5 cents a share.

  • Macromedia (MACR) lowered its guidance for the third quarter ending Dec. 31, citing tough economic conditions. Based on preliminary data, the company estimates software revenue for the quarter will come in between $70 million and $75 million. The company also said it doesn't expect to return to profitability by the end of its fiscal year, as previously hoped.

    Mergers, Acquisitions & Joint Ventures

  • (HOTJ) received a takeover offer from Yahoo! (YHOO - Get Report) valued at $436 million in cash and stock. Yahoo!'s offer would value each share of HotJobs at $10.50. HotJobs agreed in June to be acquired by TMP Worldwide (TMPW), the owner of rival online job-hunting outfit

    Miscellaneous News

  • Aetna (AET - Get Report) plans to cut about 6,000 positions through targeted job reductions and attrition. As a result, the company will record a fourth-quarter charge of around $125 million. The insurance provider said the actions "are necessitated by changes being made as we press forward with our turnaround plan, implement our new strategy, and reduce costs and improve efficiency."

  • Applied Materials (AMAT - Get Report) disclosed plans to cut 10% of its workforce. The company is taking the action because of the continuing downturn in the semiconductor industry, and said the job reductions will cover 1,700 workers. Applied Materials will record a restructuring charge, the amount of which wasn't revealed, in the fiscal first quarter, which ends Jan. 27.

  • Boeing (BA - Get Report) will slow down production of its 717 aircraft but not kill the line entirely, as some had predicted. The company, which will take a $700 million charge on the move, said it found unexpected support among its customers for the jet and decided to keep building it in case demand revives. The company employs about 4,000 workers at the Long Beach, Calif., plant that builds the plane.

  • Genzyme Corp. (GENZ) will enter the S&P 500 at the close of trading Thursday. The biotech firm will replace Ralston-Purina (RAL), which was recently acquired by Nestle.

    Check Out Our Best Services for Investors

    Action Alerts PLUS

    Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    Quant Ratings

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    Stocks Under $10

    David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    14-Days Free
    Only $9.95
    14-Days Free
    Dividend Stock Advisor

    David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

    Product Features:
    • Diversified model portfolio of dividend stocks
    • Updates with exact steps to take - BUY, HOLD, SELL
    Trifecta Stocks

    Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

    Product Features:
    • Model Portfolio
    • Intra Day Trade alerts
    • Access to Quant Ratings
    Real Money

    More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

    Product Features:
    • Access to Jim Cramer's daily blog
    • Intraday commentary and news
    • Real-time trading forums
    Only $49.95
    14-Days Free
    14-Days Free
    MACR $0.00 0.00%
    AET $104.06 0.00%
    AMAT $18.62 0.00%
    BA $146.95 0.00%
    CIEN $25.30 0.00%


    Chart of I:DJI
    DOW 17,798.49 -14.90 -0.08%
    S&P 500 2,090.11 +1.24 0.06%
    NASDAQ 5,127.5250 +11.3820 0.22%

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs