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Midday Movers: JDA Software, Tommy Hilfiger, Healtheon/WebMD and Saba Software

 

A first-rate earnings preview boosted JDA Software's (JDAS Quote) shares 3 3/8, or 23.1%, to 18. The company reported this morning that it expects first-quarter earnings to beat analysts' expectations. The three-analyst consensus calls for JDA Software to come in at 3 cents a share. Based on preliminary figures, JDA said it anticipates software license revenue to be approximately $15 million, more than double the year-ago $7.4 million.


Mergers, acquisitions and joint ventures

Warnaco Group (WAC Quote) has made a second bid for privately held fashion house Calvin Klein, The Wall Street Journal reported. Warnaco made another bid for the company in the wake of the failure of merger talks between Calvin Klein and Tommy Hilfiger (TOM Quote), the newspaper reported, citing people familiar with the situation. The new bid is said to be under the $1 billion asking price and is subject to due diligence, the newspaper reported. Warnaco Group remained unchanged at 10 7/8.

Separately, Tommy Hilfiger said it anticipates overall revenue for fiscal 2001 will be unchanged to 5% lower as compared with fiscal 2000. It warned that it expects net income for the year ending March 31, 2001, to be 30% to 40% lower than fiscal 2000, excluding special charges to be taken in the fourth quarter of fiscal 2000. The company expects fourth-quarter earnings, before special charges, to come in toward the lower end of the previously stated range of 35 cents to 45 cents. The 15-analyst estimate calls for the company to earn 39 cents a share in the fourth-quarter fiscal 2000 period. ...

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