will take part in
Mobility Partner Advisory Council. Microsoft formed the council in an effort to produce mobile services and communications products. Insignia was lately gaining 92% to $2.79.
Earnings Reports & Outlooks
, a supplier of equipment to flat-panel display makers and other industries, expects a third-quarter loss of 7 cents to 12 cents a share. Excluding items, the company is looking for a loss of 2 cents to 6 cents. Analysts expect earnings of 11 cents. The company said revenue would total $30 million to $32 million. Applied was off 19.4% to $21.73.
estimated that it will lose 23 cents to 27 cents a share on sales of $305 million to $315 million for the first quarter. Analysts expect a loss of 16 cents. The homebuilder said that although it will report a loss in the first quarter, "encouraging signs include manufacturing sales increases, cutting our operating losses by about one-third on lower sales volume, and more projected funding of real estate mortgages in our retail pipeline." The stock was down 5.2% to $7.90.
, a diversified energy company, projected earnings of $1.80 to $1.90 a share for 2002. Wall Street's consensus profit estimate is $1.55. The stock was inching up 0.3% at $24.42.
expects to report a third-quarter loss of 13 cents to 16 cents a share and sales of $59 million to $61 million. Excluding items, the company expects to earn a penny to 3 cents a share. On that basis, analysts are looking for a loss of 2 cents. Pinnacle was up 0.4% to $7.97.
Sunrise Assisted Living
forecast 2002 earnings of $2.27 to $2.30 a share and 2003 earnings of $2.57 to $2.65 a share. For the first quarter, the company expects a profit of 40 cents to 42 cents a share. Analysts expect first-quarter earnings of 41 cents, 2002 earnings of $2.26 and 2003 earnings of $2.55. Sunrise was gaining 1.1% to $25.82.
Mergers, Acquisitions & Joint Ventures
agreed to acquire
for $5.1 million in cash, 2.6 million common shares, and up to $1 million in additional cash and 500,000 additional shares in one year if certain conditions are met. Mobility was up 0.8% to $1.28, and iGo was ahead by 48% to 40 cents.
filed a $1 billion universal shelf registration statement with the
Securities and Exchange Commission
. The registration statement covers common stock, senior subordinated and subordinated debt securities, preferred stock, warrants, stock purchase contracts and stock purchase units. L-3 was losing 1.7% to $107.70.
is offering 10 million Class D common shares. The radio broadcasting company will sell 8.7 million shares, and shareholders will offer about 1.3 million shares. Banc of America Securities and Credit Suisse First Boston will act as joint managers on the offering. The stock was lower by 1% at $21.89.