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General Motors

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said they plan to combine their online buying efforts for suppliers in a single Internet portal. Ford and GM said as part of their combination, Ford would swap half of its stake in


(ORCL) - Get Oracle Corporation Report

Oracle Exchange

unit for half of GM's stake in

Commerce One


. Commerce One soared 34 1/16, or 19%, to 213 1/16 on the news. Ford inched up 7/16 to 42 15/16, General Motors gained 1 13/16 to 77 1/16, DaimlerChrysler gained 1 9/16 to 63 1/2 and Oracle popped 8 11/16, or 14%, to 70 5/8.

i2 Technologies

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TheStreet Recommends


, which has a similar deal in place with


(TM) - Get Toyota Motor Corp. Report

, plunged 25 7/8, or 14.7%, to 150 5/16 on news of i2's exclusion from the Big Three's deal.

Three IPOs made their trading debuts during today's session. For more on their pricing and underwriting information, check out's

coverage of offerings and stock actions below.

Mergers, acquisitions and joint ventures



gained 9/16, to 41 1/8 after it said Chairman and CEO Richard Huber resigned and will be replaced by William Donaldson, co-founder of investment bank

Donaldson Lufkin & Jenrette


. Donaldson has also been an Aetna board member since 1977. The announcement came after the board met to discuss the company's plans to boost its share price.

BP Amoco


added 3/4 to 44 3/8 after it said it is offering to shed all of

Atlantic Richfield's

(ARC) - Get ARC Document Solutions, Inc. Report

Alaskan assets, a move that could avoid a showdown in court with the

Federal Trade Commission


USA Today

reported. Earlier this month, the FTC said it will seek a preliminary injunction in federal court to prevent the merger of the two oil companies. Atlantic Richfield rose 3 11/16, or 5.7%, to 68.

In response to several news reports, drugstore chain


(CVS) - Get CVS Health Corporation Report

said this morning "it does not intend to purchase"

Rite Aid's

(RAD) - Get Rite Aid Corporation Report

PCS Health Systems

, Rite Aid's pharmacy benefit management division. Reports today said CVS could pay between $800 million to $1 billion for the business. CVS fell 1/4 to 36 3/4 while Rite Aid dropped 1 3/4, or 19.4%, to 7 1/4.


(CSCO) - Get Cisco Systems, Inc. Report

lost 4 1/2 to 132 1/4 said it has entered a global business deal with

Deutsche Telekom

(DT) - Get Dynatrace, Inc. Report

. Deutsche Telekom dropped 2 3/4 to 87 13/16.


Mirage Resorts


contemplates a response to an unsolicited $3.4 billion bid for it by

MGM Grand


, some casino companies also are thinking about making offers for Mirage,

The Wall Street Journal

reported. The newspaper reported that

Park Place Entertainment



Harrah's Entertainment


are both thinking about making a move to acquire Mirage. Mirage gained 13/16, or 5.7%, to 15, MGM Grand lost 2 1/4, or 5.4%, to 39 3/16, Park Place Entertainment popped 1 1/2, or 14%, to 12 1/4 and Harrah's gained 3/8 to 20 5/16.

Pacific Life Insurance

on Wednesday submitted a "shareholder-based proposal" to the board of

Prison Realty Trust

(PZN) - Get Pzena Investment Management, Inc. Class A Report

"to invest in and restructure" the company. Pacific Life said the proposal "would involve additional value, less dilution and potentially higher returns for existing shareholders" than the pact Prison Realty currently has with

Fortress Investment Group


The Blackstone Group


Bank of America

(BAC) - Get Bank of America Corp Report

. Prison Realty jumped 13/16, or 22%, to 4 1/2, while Bank of America lost 11/16 to 44 1/8.

Under the plan involving Fortress, Blackstone and Bank of America, that group would purchase $315 million in securities and commit to buy an additional $35 million in securities in a newly configured concern that would be created through the merger of Prison Realty and the companies operating under the name

Corrections Corp. of America

. That plan was announced in late December. Pacific Life said it owns about 4.5 million shares of Prison Realty.



gained 4 1/4, or 7.4%, to 61 1/2 and

Human Genome Sciences


dropped 12 1/16, or 5.5%, to 206 after the companies said they have agreed to a deal with

Vascular Genetics

to make pharmaceuticals that use novel genes to treat diseases. The pharmaceuticals would combine Vical's DNA delivery technology and novel genes in Human Genome's database, along with other Vascular Genetics products.

Earnings/revenue reports and previews


Earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified. New highs and lows on a closing basis unless otherwise specified.




lost 2 1/16, or 16.1%, to 10 3/4 after it yesterday warned investors of flat or slightly negative same stores sales growth for the March quarter. The women's retailer posted a 2.5% negative same-store sales growth in January and said February sales have been flat so far.


own Katherine Hobson wrote about Bebe's woes in a

story last week.

Casella Waste Systems

(CWST) - Get Casella Waste Systems, Inc. Class A Report

dropped 6 9/16, or 47.1% after it warned investors that it expects to post third-quarter earnings between 11 cents and 13 cents a share, greatly missing the six-analyst estimate of 23 cents. Casella sees its fourth-quarter earnings at roughly 15 cents a share, also falling below the three-analyst estimate of 26 cents a share.


(INTU) - Get Intuit Inc. Report

dropped 13 3/4, or 19%, to 58 9/16 after it reported second-quarter earnings of 44 cents a share excluding charges, in line with the 15-analyst estimate but a penny lower than the year-ago earnings. Intuit, which makes personal finance software, said U.S. tax returns filed via the Web were up fivefold from last year and also said it was on track for 20% operating income growth over fiscal 1999.

Internet Capital Group


fell 12, or 10.1%, to 107 1/8 after it reported a fourth-quarter loss of 9 cents a share, compared with year-ago earnings of 2 cents.

Piedmont Natural Gas


was unchanged at 24 9/16 after it posted first-quarter earnings of $1.40 a share, beating the eight-analyst estimate of $1.38 and the year-ago $1.31.

VA Linux


shed 11 3/4, or 9.4%, to 113 after it posted a second-quarter pro forma loss of 36 cents a share, wider than the four-analyst expected loss of 21 cents and the year-ago loss of 26 cents. The company went public in December with a record-setting first-day percentage gain of almost 700%. Despite the increased loss, revenue rose more than six fold to $20.2 million from $3.17 million, the company said.


(TEX) - Get Terex Corporation Report

lost 4 1/2, or 25.4%, to 13 1/4 after it reported fourth-quarter earnings of $1.04 a share, in line with the 11-analyst estimate.

Offerings and stock actions

Credence Systems


gained 3 3/8 to 118 3/4 after it set a 2.3 million-share secondary offering at $115 a share.



popped 15, or 107.1%, to 29 in its trading debut.



gained 4 1/8, or 9.1%, to 49 5/8 after it set a 2-for-1 stock split.


(FLEX) - Get Flex Ltd. Report

inched up 3/32 to 61 5/16 after setting a 8.6 million-share secondary offering at $59 a share.

Hotel Reservations


jumped 10, or 62.5%, to 26 after it was priced at $16 a share.

Initial public offering



soared 29, or 116%, to 54.

Analyst actions

Banc of America Securities

rolled out coverage of

Art Technology


with a buy rating and a price target of 180.

Credit Suisse First Boston

raised its earnings estimates on

Applied Micro


and set a price target of 300. Art Technology slid 6 15/16 to 137 7/8 and Applied Micro popped 14 3/4, or 6%, to 260.

Goldman Sachs

raised its fiscal 2001 earnings estimate on


(ADSK) - Get Autodesk, Inc. Report

to $2.00 a share from $1.80. Autodesk advanced 6 15/16, or 16.8%, to 48.

Deutsche Banc Alex. Brown


Bausch & Lomb


to strong buy from buy. Bausch & Lomb fell 1 3/4 to 57 7/16.

Warburg Dillon Read

rolled out coverage of

Crown Castle International


with a strong buy rating and set a price target of 50. The firm also gave

Pinnacle Holdings


a buy rating and

American Tower

(AMT) - Get American Tower Corporation Report

with a hold rating. Crown Castle edged up 1 to 33 1/8 and Pinnacle Holdings added 4 1/4, or 8.3%, to 55 1/4, while American Tower declined 1/2 to 42 1/2.

Goldman Sachs

initiated coverage of



with a market outperform rating. Checkfree gained 1/8 to 88 11/16.

First Boston upped

Dallas Semiconductor's

(DS) - Get Drive Shack Inc. Report

price target to 85 and reaffirmed the buy rating on the stock. Dallas Semiconductor bounced 2 7/8 to 75 7/8.

Salomon Smith Barney

recommended that investors use



recent weakness to added to their positions. DoubleClick bounced 9 7/8, or 12%, to 91 13/16.

Lehman Brothers



(ETN) - Get Eaton Corp. Plc Report

price target to 130 from 115. Eaton retreated 5 3/16, or 6.6%, to 72 13/16.

Credit Suisse First Boston raised its rating on


(GPS) - Get Gap, Inc. Report

to buy from hold. Gap hopped 3 7/8, or 9%, to 46 13/16.

Deutsche Banc Alex. Brown


Foundry Networks


to strong buy from buy. Foundry Networks climbed 12 3/4, or 10.5%, to 133 3/4.

Wit SoundView

analyst Steven Kohn raised his price target on



to 200 from 150. Informatica jumped 15 1/2, or 12%, to 144.

Warburg Dillon Read initiated coverage of

Integra LifeSciences Holdings

(IART) - Get Integra LifeSciences Holdings Corporation Report

with a buy rating. Integra LifeSciences declined 7/16 to 14 13/16.

Donaldson Lufkin & Jenrette

lifted its price target on

Kent Electronics


to 45 from 35. Kent Electronics lifted 3 1/4, or 10.8%, to 33 3/16.

U.S. Bancorp Piper Jaffray

rolled out coverage of



with a strong buy rating and set a price target of 94. LookSmart shot up 2 11/16, or 6.8%, to 41 11/16.

Merrill Lynch

analyst Joe Osha reiterated buy ratings on

Micron Technology

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(INTC) - Get Intel Corporation Report



reported. Micron Technology advanced 3 1/2 to 73 5/8.

A.G. Edwards




to accumulate from maintain, and lifted

Insight Enterprises

(NSIT) - Get Insight Enterprises, Inc. Report

to buy from accumulate. Microsemi climbed 4 3/16, or 16.4%, to 29 5/8 and Insight Enterprises lifted 3 15/16, or 14.5%, to 30 15/16.

Merrill initiated coverage of


as a near-term accumulate, long-term buy. declined 3 1/8, or 6%, to 48 3/4.

Deutsche Bank Alex. Brown upped

Oxford Health Plans


to strong buy from buy. Oxford Health Plans skidded 7/16 to 14 5/16.

U.S. Bancorp Piper Jaffray raised its rating on

Sylvan Learning


to buy from neutral. Sylvan Learning skidded 1 9/32, or 8.2%, to 14 7/16.

First Boston reinstated coverage of



with a buy rating and set a price target of 100. USinternetworking bounced 3 5/16, or 5.3%, to 65 3/4.

Lehman Brothers upgraded

Western Wireless



Sprint PCS



Triton PCS


. Western Wireless moved up 6 1/16, or 12.9%, to 52 15/16 and Sprint PCS gained 1 7/8 to 48 1/16, while Triton PCS bounced 8 1/2, or 19.6%, to 51 3/4.

Goldman Sachs initiated coverage of

Wit Capital


with a market outperform rating. Wit Capital added 1 3/16, or 8.6%, to 14 15/16.



Agriculture Department


Campbell Soup

(CPB) - Get Campbell Soup Company Report

issued a recall for 109,000 pounds of vegetable beef canned soup in 13 states after finding pieces of metal in the soup. According to a Campbell's spokesman, the recall of Campbell's Healthy Request Vegetable Beef Condensed Soup represents a full day of production for the soup. Campbell's was unchanged at 27 3/4.

Sotheby's Holdings

(BID) - Get Sotheby's Report

is acting quickly to resolve potential criminal and civil exposure in regard to alleged price-fixing in art auctions, the


reported. Sotheby's is in settlement talks with the

Justice Department

and held a meeting last week with plaintiffs in civil cases who claim they were overcharged in commission because of the alleged conspiracy, the newspaper reported. Sotheby's tacked on 1, or 5.4%, to 19 1/2.

The Inside Wall Street column in

Business Week

, written by Gene Marcial, offers up a bullish take on

America Online


, whose stock for the most part has been under severe pressure since announcing its planned get-together with

Time Warner


last month, and another positive piece on

Source Information Management



Elsewhere, Marcial writes, citing an investment banker familiar with the situation, that


(CBS) - Get CBS Corporation Class B Report

, which is being bought by


(VIA) - Get Via Renewables, Inc. Class A Report

, is understood to be interested in buying a big stake in

SFX Entertainment



AOL fell 1/2 to 59 1/2 and Time Warner slid 2 3/8 to 84, while Source Information Management lost 1/2 to 20 5/8. CBS declined 3 5/8, or 6.3%, to 53 3/16 and Viacom shed 2 11/16, or 5%, to 50 13/16, while SFX Entertainment popped 3 5/16, or 10%, to 35 1/8.

The Heard on the Street column in the


takes a look at the recent bond trading of


, which it said provided the spark for the bond market's recent turmoil. With the

Treasury Department

planning to sell fewer 30-year Treasury bonds going forward, and with the


raising interest rates, notable Pimco bond fund manager William Gross got an idea that proved to be quite profitable, the column said.

Because of those factors, Gross' idea was that the long bond could rally dramatically, while prices for shorter-dated Treasuries and riskier corporate and mortgage-backed bonds could remain depressed, according to the column. In a series of giant trades devised by Gross, his $180 billion portfolio bought huge amounts of long-term Treasuries and sold off mortgage bonds, surprising traders who expected Treasuries to remain depressed and roiling the market, the column stated. The column said Gross' strategy scored $200 million in profits.

As originally published, this story contained an error. Please see

Corrections and Clarifications.