Updated from 4:05 p.m. EDT

Barnes & Noble.com

( BNBN) closed the session down 31/32, or 18.9%, to 4 5/32 after it posted wider-than-expected second-quarter losses. The New York-based company reported a 27-cent loss, missing the five-analyst estimate of an 18-cent loss and below the year-ago 17-cent loss. The online bookseller said it still expects to turn a profit within two years. For more on these earnings results, take a look at

coverage from



Software developer


(SNPS) - Get Report

announced that it expects earnings of 62 cents a share for the third-quarter ended July 29, a penny behind the seven-analyst estimate and below the year-ago 67-cent profit.

Additionally, Synopsys warned it will post an earnings shortfall for the fourth quarter of fiscal 2000 and for all of fiscal year 2001 because it will adopt a new method of selling product licenses. The company said it expects a loss of 45 cents a share for the fourth quarter and earnings of 90 cents a share for fiscal 2001. Wall Street estimated Synopsys to come in at 77 cents for the fourth quarter and $3.39 for fiscal 2001. The stock was cut to buy from strong buy at

SG Cowen

. Synopsys finished lower 1 1/16 to 31 1/2.

For more on the profit warning, take a look at



Mergers, acquisitions and joint ventures

America Online


and Japanese mobile phone giant


have agreed to jointly develop wireless Internet services in Japan, according to

The Wall Street Journal's

online edition.


discussed the makings of this deal in an earlier

story. Separately,

America Online Latin America

( AOLA), a joint venture between America Online and Venezuela's

Cisneros Group

, cut the estimated price range of its IPO to $8 to $10 a share from $15 to $17, according to underwriter

Salomon Smith Barney

. AOL slipped 3/4 to 52 1/2.


(INTC) - Get Report

said it will buy privately-held

Trillium Digital Systems

in a deal valued at $300 million in cash and unregistered Intel common stock, to bolster its telecommunications and network package to customers. Intel dropped 2 1/8 to 64 5/8.

Liberty Media




said they bought $190 million worth of shares in




Nortel Networks

( NT) said it won a $300 million data-network equipment contract from


. Liberty Media declined 9/16 to 21 11/16, while priceline.com advanced 1 5/16 to 24 15/16.

Electronics retailer



announced a marketing deal with

Verizon Wireless

, a unit of

Verizon Communications

(VZ) - Get Report

, to expand Verizon's presence in RadioShack stores. According to terms of the deal, Verizon products will be offered in about 75 percent of RadioShack locations. Before, they were offered in only about 40% of the chain. RadioShack climbed 3 1/16, or 5.4%, to 59 7/16, while Verizon Communications increased 1 3/16 to 47 15/16.



, an Irish educational software company, announced that it will purchase


(IBM) - Get Report



. Riverdeep plans to issue 4.6 million ADRs, valued at $85 billion. The deal gives IBM a 14% stake in Riverdeep. Shares of Riverdeep edged up 1/8 to 18 7/8, while IBM fell 1 11/16 to 110 9/16.

After Monday's Close


(FLEX) - Get Report

said it agreed to a stock-for-stock merger with Chicago-based

Chatam Technologies

. Singapore-based Flextronics said it will swap about 8.33 million of its shares for Chatam's outstanding stock, warrants and options. Flextronics increased 17/64 to 71 1/16.

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Earnings/revenue reports and previews


(WEN) - Get Report

rose 1 5/16, or 7.75%, to 18 1/4 after it posted second-quarter earnings of 43 cents a share, beating the 15-analyst estimate by a penny and up from year-ago 39-cent profit.

Wendy's raised its base earnings-per-share goal for 2000 to a 14% to 17% increase rather than a 12% to 15% increase because of strong performance and momentum in sales growth in its core businesses, particularly

Tim Hortons

. Wendy's base earnings for 1999 were $1.26 a share.

Coventry Health Care


missed 5/8 to 16 1/8 after it posted second-quarter earnings of 21 cents a share, besting the 12-analyst 19-cent prediction and the year-ago 15-cent profit.

Florida Progress

( FPC) posted second-quarter earnings of $1.11 a share, well above the seven-analyst estimate of 96 cents and the year-ago 78 cents. The company said it raised its 2000 earnings view to $3.60 from $3.50.

Henry Schein

(HSIC) - Get Report

popped 2 11/16, or 19.1%, to 16 3/4 after it posted second-quarter earnings of 41 cents a share, above the eight-analyst estimate of 39 cents and the year-ago 40 cents. The company announced it would cut 300 jobs in a restructuring and expects to post a 20-cent a share charge in the second half of the year.

Juno Online

( JWEB) lifted 3/16 to 9/14 after it posted a Second-quarter loss of $1.11, narrower than the four-analyst prediction of a $1.23 loss but below the year-ago 56-cent pro-forma loss.


( MOT) moved up 1 3/4, or 5.3%, to 35 after it announced that it expects to meet Wall Street consensus estimates for 2001 earnings $1.43 per share and sales of $47 billion.

National Oilwell

( NOI) increased 1 7/16 to 34 7/16 after it reported a second-quarter profit of 8 cents a share, beating the eight-analyst 6-cent estimate but below the year-ago 13-cent result.

After Monday's Close

Community Health Systems

(CYH) - Get Report

posted break-even results for the second quarter, ahead of the six-analyst estimate of a loss of 1 cent and the year-ago loss of 3 cents. Community Health Systems lifted 7/8, or 5.1%, to 18 1/8.

Computer Sciences


boosted 5 15/16, or 9.6%, to 67 13/16 after it posted first-quarter earnings of 56 cents a share, a penny behind the 12-analyst prediction but above the year-ago 50-cent profit. Revenue rose 11.8%, to $2.46 billion.

Extended Systems

( XTND) dropped 8 5/16, or 13.1%, to 55 1/8 after it posted a fourth-quarter loss of 11 cents a share, a penny wider than the single-analyst estimate and worse than the year-ago earnings of 1 cent a share. The company said the its results were hurt by lower-than-expected sales of printing systems and Internet hardware products in Europe and an expected decline in infrared-hardware sales to an original-equipment manufacturer customer.


(EXPE) - Get Report

increased 3/16 to 17 5/16 after it posted a fourth-quarter pro-forma loss of 30 cents excluding items, narrower than the eight-analyst estimate of a loss of 47 cents. The year-ago loss was less than 1 cent. The company was spun off from


(MSFT) - Get Report

last year.


(GES) - Get Report

decreased 1, or 7.1%, to 13 after it reported second-quarter earnings of 28 cents a share, 2 cents better than the five-analyst estimate and well above the year-ago 16 cents a share.


(IMMR) - Get Report

, a developer of computer sensory equipment, lowered 2 7/16, or 12%, to 17 15/16 after it posted second-quarter losses of 19 cents a share, topping the three-analyst estimate of a 20-cent loss but below the year-ago 15-cent loss.


( INTM) advanced 1, or 5.3%, to 20 after it posted second-quarter earnings of 3 cents a share, ahead of the five-analyst prediction of a break-even result and the year-ago 8-cent loss.

Manufacturer of software to deliver music over the Internet

Liquid Audio


missed 2 1/2, or 27%, to 6 3/4 after it posted a second-quarter loss of 35 cents a share, besting the four-analyst estimate of a negative 40-cent result and the year-ago 29-cent pro-forma loss.


( MERX), which makes products used in circuit boards for computers, said first-quarter earnings -- excluding the impact of a stock split -- will be in the range of 66 cents to 69 cents a share, well above the consensus estimate of 47 cents. Merix also announced a 3-for-2 stock split. Shares of Merix decreased 1 7/8 to 48 1/8.

Onyx Pharmaceuticals


posted a second-quarter profit of 10 cents a share, beating the one-analyst prediction of a 14-cent loss and the year-ago 46-cent loss. Shares of Onyx were surging on news that its genetically engineered virus has been effective in treating tumors, when combined with standard chemotherapy. Onyx closed ahead 4 1/16, or 37.4%, to 14 15/16.

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Offerings and stock actions

Manufacturer of surgical and medical devices



slipped 15/16 to 31 15/16 after it announced that it has authorized a stock buyback that will initially cover approximately $6 million worth of common stock.


(NDSN) - Get Report

, a manufacturer of systems for the application of adhesives, sealants and coatings, announced a 2-for-1 stock split. Nordson rose 1 11/16 to 58 3/16.

Software developer


( SPWX) soared 36 3/4, or 183.7%, to 56 3/4 after it sold 4.75 million shares at $20 each in its IPO debut, above its revised estimated price range of $17-$19.

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Analyst actions

Donaldson Lufkin & Jenrette

repeated its top pick rating on


(DOX) - Get Report



( CPQ). Amdocs rose 9/16 to 67 3/4; Compaq gained 1/2 to 28 7/16.



( DDIC) up 3 13/16, or 17.3%, to 25 13/16.: UP to strong buy from buy at

Thomas Weisel



(INTU) - Get Report

up 1 to 35: UP to strong buy from accumulate at

Prudential Securities




up 3 11/16, or 14%, to 30: UP to strong buy from accumulate at





up 3/8 to 14 1/16: UP to buy from market perform at

Deutsche Banc Alex. Brown



Barnes & Noble.com

( BNBN) down 31/32, or 18.9%, to 4 5/32: DOWN to market perform from outperform at

Goldman Sachs

. 2000 revenue estimate: DOWN to $329 million from $360 million. 2001 revenue estimate: DOWN to $650 million from $700 million.

National Computer Systems


up 5/64 to 71 61/64: DOWN to attractive from buy at

Bear Stearns


Reinsurance Group of America

(RGA) - Get Report

down 1/8 to 31 11/16: DOWN to market performer from buy at Donaldson, Lufkin & Jenrette. 2000 earnings estimate: UP to $2.54 a share from $2.50; 2001 earnings estimate: UP to $2.90 a share from $2.80.


Applied Power

( APW) jumped 2 1/2, or 6.8%, to 39 1/4: NEW buy at

Credit Suisse First Boston


Critical Path


down 3 1/2, or 6.3%, to 52 3/16: NEW intermediate- and long-term buy rating at

Merrill Lynch

; price target: 80.



unchanged at 9 1/2: NEW outperform at

Lehman Brothers

. 12-month price target: 13.



up 7, or 7.2%, to 104 7/8: NEW buy at CSFB. Price target: 145.

ValueVision International


up 1 5/16, or 8.4%, to 16 7/8: NEW strong buy at

Morgan Stanley Dean Witter

; price target: 40.

Group Moves

Merrill Lynch initiated coverage on a number of satellite communications companies:

  • Echostar (DISH) - Get Report rose 1 11/16 to 41 1/8 after it was rated a near- and long-term buy.
  • Hughes Electronics( GMH) gained 15/16 to 26 13/16 after it was started at intermediate- and long-term buy; 2001 price target : 39.
  • Loral (LOR) - Get Report rose 5/16, or 6%, to 5 9/16 after it was rated near- and long-term accumulate.
  • PanAmSat (SPOT) - Get Report down 1 5/16 to 32 3/4 after it was rated intermediate accumulate and long-term buy.


initiated coverage of seven semiconductor companies:

  • Advanced Energy (AEIS) - Get Report down 11/16 to 44 5/16: NEW buy; 12-month price target: 60.
  • Applied Materials (AMAT) - Get Report down 1 5/16 to 74 9/16: NEW buy; 12-month price target: 105.
  • Applied Science & Tech. (ASTX) added 1 7/16, or 8.6%, to 18 1/4: NEW buy; price target: 35.
  • ATMI (ATMI) down 1 5/8, or 6.3%, to 24 1/8: NEW buy; 12-month price target: 50.
  • Helix Technology( HELX) down 1/2 to 32: NEW buy; 12-month price target: 60.
  • MKS Instruments (MKSI) - Get Report up 3/8 to 25 9/16 : NEW buy; 12-month price target: 50.
  • Novellus Systems (NVLS) down 15/16 to 53: NEW attractive; 12-month price target: 60.

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Non-wood deck-maker


( TWP) sank 16 3/8, or 30.6%, to 37 1/4 after it said in response to a NYSE query that its policy is not to comment on unusual market activity or rumors. Trex stock fell 4% on Monday. The company had come under scrutiny after its stock climbed 21% in the last two months. It was up 99% year to date.

Hollinger International

( HLR) slipped 1/16 to 16 3/16 after announcing that Cindy E. Horowitz, executive vice president and chief financial officer, resigned to become vice president and chief financial officer at



starting in September. Register.com lost 2 19/32, or 9.6%, to 24 1/2.

Citibank Private Bank

, a subsidiary of financial services giant


(C) - Get Report

, named Peter Scaturro as chief executive. Sacturro succeeds Todd Thomson, who was promoted to chief financial officer of Citigroup in April. Citigroup was unchanged at 70 1/2.

Exxon Mobil

(XOM) - Get Report

lost 1/4 to 79 15/16 after saying its merger savings are 65% larger than initially expected. The company also intends to resume its share repurchase program.

The Heard on the Street column in the

Wall Street Journal

today took a look at a study by

Ned Davis Research

that suggests that "fat-cat investors might want to root for Al Gore." One of the study's unexpected conclusions is that the stock market tends to do better when the incumbent party stays in power than when another party takes over.

After Monday's Close

Anadarko Petroleum

(APC) - Get Report

added 1 3/4 to 49 5/8 after it said it raised its capital investment budget by 34%, to $1.5 billion. The company said much of the additional spending will be focused on developing North America natural-gas projects.

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By the Numbers

The data on NYSE and Nasdaq percent winners and losers are filtered to exclude stocks whose previous day's volume was less than 25,000 shares; whose last price was less than 5; and whose net change was less than 1/2.

Dow point gain and loss data are based on New York closing prices and do not reflect late composite trading.

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