JDS Uniphase

(JDSU)

jumped 3 1/2 to 195 11/16 after it unveiled plans to merge with

E-Tek Dynamics

(ETEK)

in an all-stock deal valued at about $15 billion by the companies. Shares of E-Tek popped 42 1/2, or 31.3%, to 178 3/8. E-Tek shareholders will get 1.1 shares of JDS for every E-Tek share held and E-Tek will become a wholly-held unit of JDS once the deal is completed.

The

U.S. Supreme Court

let stand a ruling that the fees charged by

Network Solutions

(NSOL)

for registration and renewal of Internet addresses do not represent unconstitutional, unauthorized taxes, as Congress approved their collection. The high court rejected an appeal by a group of nine individuals and companies that sued Network Solutions and the

National Science Foundation

, a federally financed agency that had a cooperative agreement with the company. Shares of Network Solutions shot up 42 9/16, or 17.8%, to 280 5/16.

Mergers, acquisitions and joint ventures

American Home Products

(AHP)

lost 1/16 to 44 3/16 after

The Wall Street Journal

reported it may be interested in obtaining rights to certain

Warner-Lambert

(WLA)

or

Pfizer

(PFE) - Get Report

products if Warner chooses to merge with Pfizer instead of the proposed American-Warner deal. Warner-Lambert lost 3 11/16 to 90 and Pfizer fell 1/2 to 36 1/2.

For more on this

story, check out additional coverage from the

TheStreet.com/NYTimes.com

joint newsroom.

Separately, Pfizer reported fourth-quarter earnings of 25 cents a share, beating the 26-analyst estimate of 23 cents and the year-ago 16 cents. The company said worldwide Viagra sales rose 19% and cited exceptional Celebrex performance in its fourth-quarter results.

For additional coverage of Pfizer's

earnings, check out a separate story from the

TheStreet.com/NYTimes.com

joint newsroom.

BancWest

(BWE)

fell 1/2 to 17 7/8 after saying it entered a deal to buy 68

First Security

(FSCO)

and

Zions Bancorporation

(ZION) - Get Report

branches in Utah and Idaho for roughly $2.1 billion in deposits and $660 million in commercial, consumer and agricultural loans. First Security slipped 7/8 to 23 3/16 and Zions lost 2 13/16, or 5.1%, to 52 13/16.

Burlington Northern

(BNI)

fell 7/8 to 25 5/8 after it said it signed a multiyear contract worth at least $1 billion to transport coal for

Reliant Energy

(REI) - Get Report

. Reliant fell 3/16 to 22 15/16.

Delta & Pine Land

(DLP)

inched up 1/4 to 18 5/8 after it said it sued

Monsanto

(MTC) - Get Report

over their failed merger and will seek at least $1 billion in damages. Shares of Monsanto slipped 1/8 to 36 15/16.

For additional coverage of this

story, check out a separate story from the

TheStreet.com/NYTimes.com

joint newsroom.

Dole Food

(DOL) - Get Report

lost 5/16 to 14 15/16 after it said it hired

Goldman Sachs

to help it explore strategic alternatives.

For additional coverage of this

story, check out a separate story from the

TheStreet.com/NYTimes.com

joint newsroom.

El Paso Energy

(EPG)

dropped 2 1/8, or 5.7%, to 35 after it agreed to acquire

Coastal

(CGP)

in a deal valued at about $16 billion, including $6 billion of assumed debt and preferred stock. Shares of Coastal climbed 3, or 8.3%, to 39.

Each share of Coastal common stock and Class-A common stock will be converted on a tax-free basis into 1.23 shares of El Paso Energy common stock. The merger is expected to add to El Paso's earnings per share immediately and add more than 5% to EPS in 2001 and 2002.

Net.B@nk

(NTBK)

added 1/2 to 19 1/2 after it signed an online pact with

Yahoo!

(YHOO)

. Shares of Yahoo! dropped 11 15/16 to 341 3/16.

Nortel

(NT)

rose 4 5/16 to 97 7/8 and

Research in Motion

(RIMM)

ran up 5 15/16, or 12%, to 55 1/4 after the companies said they have entered a research and marketing pact which will see Nortel invest $25 million in Research in Motion.

Santander

(STD)

slipped 15/16, or 8.3%, to 10 5/16 after it said it has entered a deal to acquire

Merrill Lynch's

(MER)

retail brokerage business in Puerto Rico. Santander said it expects to complete the deal around Feb. 22. Merrill lost 1 3/16 to 79 9/16.

Britain's

Schroders

said

Citigroup

(C) - Get Report

has agreed to buy its investment banking division for $2.2 billion, bolstering its European presence. Citigroup lost 1/16 to 57 15/16. Schroders said the merger of the unit with Citigroup's

Salomon Smith Barney

would leave it as a focused asset-management and private banking concern.

For additional coverage of Salomon's

purchase , check out a separate story from the

TheStreet.com/NYTimes.com

joint newsroom.

Separately, Citigroup posted fourth-quarter earnings of 75 cents a share, beating the 22-analyst estimate of 70 cents and the year-ago earnings of 40 cents. Earlier this year, Citigroup executed a 3-for-2 stock split.

For additional coverage of Citigroup's

earnings, check out a separate story from the

TheStreet.com/NYTimes.com

joint newsroom.

Transport Corporation America

(TCAM)

tacked on 2 7/8, or 21.7%, to 16 5/16 after it agreed to be acquired by

USFreightways

(USFC)

in a stock transaction. USFreightways lost 1 5/8 to 42. Shareholders of Transport America will receive about 0.412 shares of Freightways common stock for each share of Transport common stock held.

Earnings/revenue reports and previews

(

Earnings estimates from First Call; new highs and lows on a closing basis unless otherwise specified. Earnings reported on a diluted basis unless otherwise specified.

)

Allied Holdings

(AHI)

added 1 3/8, or 19.3%, to 8 1/2 after it said it sees fourth-quarter earnings between 65 cents and 70 cents a share, above the three-analyst estimate of 63 cents a share.

AmSouth Bancorp

(ASO)

slipped 7/8 to 17 1/4 after it posted fourth-quarter earnings of 41 cents a share, in line with the 16-analyst estimate and up from the year-ago earnings of 36 cents.

Archer Daniels Midland

(ADM) - Get Report

added 9/16 to 13 1/16 after it reported second-quarter earnings of 17 cents a share, which includes a gain of 1 cent from security transactions. The nine-analyst estimate called for 13 cents, while the year-ago earnings were 15 cents, including a charge of 2 cents a share.

Bank One

(ONE) - Get Report

fell 11/16 to 31 7/16 after it reported fourth-quarter earnings of 78 cents a share excluding charges, in line with the 25-analyst estimate but down from the year-ago earnings of 88 cents a share.

Capital One Financial

(COF) - Get Report

dropped 4 5/16, or 9/2%, to 42 1/2 after it reported fourth-quarter earnings of 47 cents, in line with the 20-analyst estimate and up from the year-ago 35 cents. The company said all earnings amounts reflect the 3-for-1 stock split distributed June 1, 1999.

Colonial Bancgroup

(CNB)

was unchanged at 9 15/16 after it reported fourth-quarter earnings of 27 cents a share, in line with the eight-analyst estimate and up from the year-ago loss of 4 cents including a charge.

Comerica

(CMA) - Get Report

fell 1 to 42 1/16 after it posted fourth-quarter earnings of $1.08 a share, which includes a $9 million gain. The 18-analyst estimate was for $1.08 a share, while the year-ago earnings were 97 cents, including a charge of $6.8 million.

Continental

(CAL) - Get Report

dropped 2 9/16, or 6.2%, to 38 9/16 after it posted fourth-quarter earnings of 47 cents a share, well above the 11-analyst estimate of 39 cents but down from the year-ago earnings of 91 cents a share.

Delta Airlines

(DAL) - Get Report

climbed 2 1/8 to 52 1/8 after it reported second-quarter net income of $1.24 a share, well above the seven-analyst estimate of $1.12 but below the year-ago earnings of $1.29.

Diebold

(DBD) - Get Report

inched up 5/8 to 25 5/8 after it posted fourth-quarter earnings of 50 cents a share, a penny better than the five-analyst estimate and flat with year-ago earnings.

Enron

(ENE)

slipped 7/8 to 55 1/2 after it reported fourth-quarter earnings of 31 cents a share, in line with the 20-analyst estimate and up from the year-ago 24 cents.

Ethan Allen

(ETH) - Get Report

lost 1/2 to 25 7/8 after it posted second-quarter earnings of 59 cents a share, beating the 13-analyst estimate of 57 cents and the year-ago 50 cents.

First Energy

(FE) - Get Report

fell 3/8 to 22 7/8 after it posted fourth-quarter earnings of 53 cents a share, a penny better than the nine-analyst estimate and up from the year-ago 41 cents. The company said its board of directors named Peter Burg as president and CEO effective Feb. 1.

First Tennessee National

(FTN)

fell 15/16 to 26 5/8 after it reported fourth-quarter earnings of 54 cents a share, in line with the 16-analyst estimate and up from the year-ago 50 cents.

Freeport-McMoRan

(FCX) - Get Report

gained 1/2 to 19 1/2 after it reported fourth-quarter earnings of 23 cents a share, beating the 14-analyst estimate of 20 cents but down from the year-ago earnings of 26 cents.

Fulton Financial

(FULT) - Get Report

inched up 5/16 to 16 7/8 after it posted fourth-quarter earnings of 37 cents a share, a penny better than the four-analyst estimate and up from the year-ago 34 cents.

Health Management Associates

(HMA)

fell 1, or 6%, to 15 11/16 after it posted first-quarter earnings of 14 cents a share, a penny better than the 19-analyst estimate and up from the year-ago earnings of 12 cents.

Idex

(IEX) - Get Report

slipped 3/8 to 30 7/16 after it reported fourth-quarter earnings of 46 cents a share, missing the seven-analyst estimate of 49 cents but up from the year-ago 39 cents a share.

John Nuveen

(JNC)

inched up 3/16 to 36 1/4 after it posted fourth-quarter earnings of 77 cents a share, well above the three-analyst estimate of 72 cents and the year-ago 68 cents.

J.P. Morgan

(JPM) - Get Report

lost 4 11/16 to 123 5/16 after it posted fourth-quarter earnings of $2.63 a share, well above the 13-analyst estimate of $2.00 and the year-ago 42 cents, which included charges.

Knight-Ridder

(KRI)

fell 1 5/8 to 54 5/8 after it reported fourth-quarter earnings of $1.03 a share, in line with the 15-analyst estimate and up from the year-ago 86 cents.

Kulicke & Soffa

(KLIC) - Get Report

bounced 8 15/16, or 17.2%, to 60 13/16 after it reported first-quarter earnings of 52 cents a share, beating the 11-analyst estimate of 48 cents and the year-ago loss of 38 cents a share.

Legg Mason

(LM) - Get Report

jumped 1 1/8 to 39 5/16 after it posted third-quarter earnings of 55 cents a share, beating the four-analyst estimate of 49 cents and the year-ago 32 cents.

Lilly Industries

(LI) - Get Report

added 5/8 to 15 1/8 after it reported fourth-quarter earnings of 41 cents, in line with the three-analyst estimate and up from the year-ago 39 cents a share.

PaineWebber Group

(PWJ)

slid 3/8 to 37 9/16 after it posted fourth-quarter earnings of $1.07 a share, well above the nine-analyst estimate of 92 cents and the year-ago 63 cents.

For additional coverage of PaineWebber's

earnings, check out a separate story from the

TheStreet.com/NYTimes.com

joint newsroom.

Raymond James Financial

(RJF) - Get Report

tacked on 5/8 to 18 1/8 after it posted first-quarter earnings of 56 cents a share, well above the single-analyst estimate of 45 cents and the year-ago 36 cents.

Raytheon

(RTN.A)

fell 6 5/16, or 25.9%, to 18 after it warned its fourth-quarter profits would be less than half analyst estimates amid production delays and higher costs. Raytheon said earnings would be 20 cents to 25 cents a share, well below the consensus estimate of 59 cents.

Wasserstein

sliced its rating on Raytheon to hold from strong buy.

SG Cowen

downgraded shares of Raytheon to neutral from buy.

For additional coverage of Raytheon's

earnings warning, check out a separate story from the

TheStreet.com/NYTimes.com

joint newsroom.

Travelers Property Casualty

(TAP) - Get Report

gained 5/8 to 38 after it posted fourth-quarter earnings of 90 cents a share, in line with the 13-analyst estimate and up from the year-ago 88 cents.

U.S. Bancorp

(USB) - Get Report

skidded 15/16 to 22 1/8 after it reported fourth-quarter earnings of 52 cents a share, a penny shy of the 22-analyst estimate and flat against year-ago earnings.

Offerings and stock actions

Cintas

(CTAS) - Get Report

advanced 13/16 to 55 5/16 after it set a 3-for-2 common stock split.

Forrester Research

(FORR) - Get Report

slipped 2 7/8, or 5.1%, to 53 1/2 after it said it has set a 2-for-1 stock split.

PSINet

(PSIX)

said it has set a 2-for-1 stock split payable about Feb. 11 to shareholders of record Jan. 28.

Analyst actions

Merrill Lynch reinstated coverage of

Aether Systems

(AETH)

with intermediate and long-term buy ratings and set a price target of 120. Shares of Aether Systems soared 23 1/16, or 25.5%, to 113 3/8.

Banc of America

upped its rating on

Apollo Group

(APOL)

to a strong buy from a buy. Shares of Apollo popped 2, or 9.8%, to 22 3/8.

J.P. Morgan

sliced its rating on

Avery Dennison

(AVY) - Get Report

to market perform from long-term buy. Shares of Avery Dennison lost 1 9/16 to 74 15/16.

Merrill Lynch analyst Eric Hecht upped his rating on

Biogen

(BGEN)

to intermediate-term buy from accumulate, while reducing his rating on

Immunex

(IMNX)

to intermediate, long-term accumulate from buy. Shares of Biogen hopped 3 7/8 to 82 7/16, while Immunex retreated 4 1/8 to 114.

Credit Suisse First Boston

rolled out coverage of

Checkfree Holdings

(CKFR)

with a buy rating and a price target of 110. Shares of Checkfree Holdings skidded 1 1/4 to 82 7/8.

Morgan Stanley also added

Factset Research Systems

(FDS) - Get Report

to its recommended list. Shares of Factset Research edged up 2 to 70 5/8.

Donaldson Lufkin & Jenrette

said it raised

Ford

(F) - Get Report

to buy from market perform. Shares of Ford gained 2 1/2 to 54 1/4.

DLJ also started coverage of

Hilton Hotels

(HLT) - Get Report

with a buy rating. Shares of Hilton Hotels were unchanged at 9.

Salomon Smith Barney rolled out coverage of

Kemet

(KEM) - Get Report

with a buy rating and a price target of 68. Shares of Kemet hopped 3 1/2, or 7%, to 53.

Merrill Lynch analyst Joe Osha upgraded

LSI Logic

(LSI) - Get Report

to intermediate-term buy from accumulate and raised his 12-month price target on the stock to 100. Shares of LSI jumped 6 1/2, or 8.9%, to 79 1/4.

Chase Hambrecht & Quist

initiated coverage of

Powerwave

(PWAV)

with a buy rating and a price target of 100. Shares of Powerwave tacked on 15 3/16, or 22.1%, to 83 3/4.

Goldman Sachs

restarted coverage of

Schlumberger

(SLB) - Get Report

and added the stock to its buy list. Shares of Schlumberger added 4 7/8, or 7.9%, to 66 3/8.

Morgan Stanley Dean Witter

named

Sun International

(SIH)

to its focus list while removing

Insight

(NSIT) - Get Report

Shares of Sun International climbed 3 7/16, or 21.6%, to 19 5/16, while Insight fell 1 5/8 to 33 1/8.

Miscellany

Cisco Systems

(CSCO) - Get Report

lifted 4 1/2 to 112 after it said it will acquire more than 580 acres of land in Massachusetts to build a new corporate campus as part of its plans to expand in New England.

In the midst of a dramatic management restructuring,

Coca-Cola

(KO) - Get Report

said its board elected 10 company officers. James Chestnut, Charles Frenette, Joseph Gladden Jr., Jack Stahl and Carl Ware were named executive vice presidents. Coke said it intends to elect Stahl as president and COO at an April 19 meeting of the board . Shares of Coca-Cola advanced 3 15/16, or 6.4%, to 65.

The

New York Stock Exchange

said

Enzo Biochem

(ENZ) - Get Report

would not comment on its stock's recent price surge. Enzo's shares finished up 15 3/4, or 27.1%, to 73 3/4.

Fidelity Investments'

Magellan fund has added

ExxonMobil

(XOM) - Get Report

and

Texas Instruments

(TXN) - Get Report

to its closely watched Top-10 holdings. The two issues replace

MCI Worldcom

(WCOM)

and

Merck

(MRK) - Get Report

. Shares of ExxonMobil added 5/8 to 84 3/8 and Texas Instruments gained 2 1/2 to 110 3/8. MCI Worldcom lost 2 to 44 1/2, while Merck skidded 3 15/16 to 70 13/16.

Vastar Resources

(VRI)

said it earmarked about 14% of this year's $850 million base capital budget for acquisitions. Shares of Vastar lifted 3 9/16, or 6.4%, to 59 3/16.

The Heard on the Street column in the

Journal

looks at the unusual disparity between solid market index performances and a large number of declining stocks. Last year in the

S&P 500

index, the story says, 256 stocks declined, three were unchanged, and only 241 rose. Despite soaring indices, some stocks are selling for "bear-market prices," the story says. Among beaten sectors that might be worth another look, are financial (particularly insurance and real estate), steel and drug stocks, according to the story.