Updated from 4:42 p.m. EDT

Online retailer

Amazon.com

(AMZN) - Get Report

recovered some ground after taking a hit in afternoon trading on news that its chief operating officer, Joseph Galli, quit to become president and CEO of

VerticalNet

(VERT)

. The stock ended the day up 5/8 to 57 3/8. Amazon ended the day down a mere 1 1/8 to 37 5/8.There were also rumors that Amazon would miss revenue estimates when it releases second-quarter earnings Wednesday after the close. For more detail on the resignation, take a look at

TSC's

hot news story.

Banc of America

cut Amazon to buy from strong buy and withdrew its 80 target price, saying it will revisit the issue after the company's second-quarter results.

AT&T

(T) - Get Report

added 15/16 to 34 1/4 after it posted second-quarter earnings of 57 cents a share, above the 15-analyst estimate of 53 cents and the year-ago 49 cents. The company said increased wireless, data and corporate sales offset a decline in sales to residential customers. AT&T said it sees third-quarter earnings in the range of 40 cents to 43 cents, which is above the eight-analyst of 37 cents and see 2000 EPS in the range of $1.75 to $1.80, in line with the 20-analyst estimate of $1.79.

AT&T Wireless

(AWE)

, which trades as an AT&T tracking stock, added 1 7/8, or 5.3%, to 28 1/2 after it said its second-quarter revenue was up 31.9% to $2.47 billion and said its net subscriber growth totaled 532,000, up 27% compared with the first quarter.

Mergers, acquisitions and joint ventures

Cisco

(CSCO) - Get Report

climbed 2 1/16 to 68 1/8 after it announced an agreement to acquire privately held

Komodo Technology

, a manufacturer of devices that let analog telephones place calls over IP-based networks. According to the deal, Cisco common stock valued at about $175 million will be exchanged for all shares outstanding and options of Komodo Technology.

Equant

(ENT) - Get Report

rose 1 1/16 to 40 3/16 after it said it ended talks with

France Telecom

(FTE)

that could have led to the French firm buying Equant for about $10 billion. France Telecom climbed 2 11/16 to 132 15/16.

FleetBoston Financial

(FBF)

slipped 3/8 to 38 after it said it is buying midsize NYSE specialist firm

M.J. Meehan

in a move that would make FleetBoston the largest specialist firm on the trading floor, the

The Wall Street Journal

reported. Terms of the deal were not released, but the story said people familiar with the transaction said Fleet is paying about $200 million for closely held Meehan.

Telecommunications-equipment maker

Lucent

(LU)

lost 11/16 to 49 9/16 after it announced that it will acquire privately-held

Spring Tide Networks

, a manufacturer of network switching equipment, in a stock deal valued at about $1.3 billion.

Nortel Networks'

(NT)

rose 3 to 85 after

The Wall Street Journal

said its possible $100 billion deal with

Corning

(GLW) - Get Report

could cost both companies billions of dollars in sales, citing industry experts. The transaction being discussed involves a plan for Nortel to sell its fiber optics components business to Corning.

TheStreet.com

looked at the

potential affects of a deal in a separate story.

Wit Soundview

raised its recommendation for Corning to strong buy from buy.

PetsMart

(PETM)

edged up 1/32 to 4 3/32 after it announced it has committed $15 million as part of a round of financing for

PetsMart.com

, bringing its total equity stake in the online venture to 48.2%.

After Monday's Close

Online drugstore

PlanetRx

(PLRX)

rose 27/32, or 93.1%, to 1 3/4 after it signed an agreement for $50 million in financing from

Alpha Venture Capital

. The company plans to use its financing for working capital and general corporate needs.

Wireless telecommunications company

Centennial Communications

(CYCL)

was unchanged at 15 1/4 after it announced that it will sell its southwest properties to

Western Wireless

(WWCA)

for $202.5 million in cash. Western Wireless rose 15/16 to 60.

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Earnings/revenue reports and previews

Pharmaceutical giant

Pfizer

(PFE) - Get Report

dropped 3 9/16, or 7.5%, to 44 after it posted second-quarter earnings of 23 cents, besting the 20-analyst estimate by a penny and improving upon last-year's 19 cents earnings a share.

Deutsche Banc Alex. Brown

cut the company's rating to market perform from strong buy.

Internet brokerage firm

Ameritrade

(AMTD) - Get Report

added 15/16, or 7.7%, to 13 3/16 after it posted third-quarter earnings of 3 cents a share, ahead of the 15-analyst estimate of a 1-cent loss but below the year-ago 5-cent profit. Analysts, however, cut their third-quarter estimate recently because of lower trading volume. The company's revenue was up 91% from a year earlier but down 12% from the previous quarter.

Retailer

Circuit City

(CC) - Get Report

dropped 6 3/8, or 19.5%, to 26 1/4 after it announced that its board approved a restructuring plan that would involve lowering earnings with one-time costs and cutting 1,000 jobs. The company said that the three-year plan, which includes remodeling its superstores and discontinuing the sale of major appliances, will hurt second- and third-quarter results. Circuit City said it expects third-quarter earnings per share to total about 16 cents after a 17-cent impact related to restructuring. Analysts had expected the retailer to list earnings of 33 cents a share. Deutsche Banc Alex. Brown analyst John Glass lowered his rating on the stock to market perform from strong buy.

Chevron

(CHV)

lost 1/16 to 77 5/16 after it reported second-quarter earnings of $1.75 a share, a penny better than the 23 analyst estimate and the year-ago 53 cents. Chevron attributed the increased earnings to higher crude oil and natural gas prices and increased production.

ExxonMobil

(XOM) - Get Report

lost 1 7/8 to 75 3/8 after it posted second-quarter earnings of $1.18 a share, well above the 24-analyst estimate of $1.07 and the year-ago 53 cents. The company attributed the robust results to strong oil prices and better profit margins on gasoline and other fuels.

GTECH Holdings

(GTK)

fell 13/16 to 19 1/8 after it announced a profit warning for its fiscal 2001 second quarter, ending next month. The company expects revenues in the range of $230 million to $240 million, compared to $255 million in the second quarter. Additionally, the company expects earnings per share in the range of 18 to 22 cents, compared to second-quarter earnings of 58 cents. Analysts had expected the company to earn 38 cents a share.

Internet Pictures

(IPIX)

added 1/16 to 13 after it posted second-quarter losses of 43 cents a share, ahead of the six-analyst estimate of a 45 cent loss and the year-ago 81 cent loss. For more on Internet Pictures, take a look at Cory Johnson's

interview with the company's CEO.

Retailing giant

Kmart

(KM)

fell 3/16 to 6 7/8 after it said it will close 66 traditional stores and six Super Kmart stores. The company said it expects second-quarter earnings in the range of 4 cents to 7 cents a share before a charge and also said it sees 2000 earnings-per-share to be below the year-ago results. The company said the store closings will result in a $740 million pre tax charge and earnings below expectations for the rest of the year.

Louisiana-Pacific

(LPX) - Get Report

lost 1/8 to 10 3/8 after it reported second-quarter earnings of 42 cents a share, missing the nine-analyst estimate by a nickel and down from year-ago earnings of 76 cents a share. The company said the lower-than-expected earnings were the result of eroding prices for its products.

McDonald's

(MCD) - Get Report

moved up 1 1/16 to 31 5/16 after it posted second-quarter earnings of 39 cents a share, in line with the 17-analyst estimate and up slightly from the year-ago 37 cents a share. McDonald's said it expects stronger sales momentum in the second half of 2000.

Northeast Utilities

(NU)

was unchanged at 22 1/4 after it posted second-quarter earnings of 8 cents a share, better than the four-analyst estimate of 6 cents and the year-ago earnings of less than 1 cent.

NOVA Chemicals

(NCX)

was unchanged at 19 after it reported second-quarter earnings of $1.15, which includes a gain of 20 cents a share. The six-analyst estimate was 84 cents, while year-ago earnings were 34 cents a share.

RF Micro

(RFMD)

rocketed 8 1/2, or 11.2%, to 84 3/4 after it said it sees record revenue and earnings for 2001. The company also said its board approved a 2-for-1 stock split.

The world's No. 1 manufacturer of computer chips for mobile phones,

Texas Instruments

(TXN) - Get Report

, lost 15/16 to 67 1/16 despite posting second-quarter earnings of 31 cents a share, beating the 25-analyst estimate by a penny and topping the year-ago 23-cent profit.

Additionally, the Dallas-based company announced that it expects accelerating growth in its core semiconductor business in the third quarter and is raising its capital expenditures for the year to $2.8 billion from $2.5 billion to meet strong customer demand.

After Monday's Close

Virage

(VRGE)

reported a loss of 48 cents for its fiscal first quarter. This was the first quarter that the software manufacturer has reported since it went public on June 29. The stock was down 2 1/2, or 9.9%, to 22 7/8.

Virage was started as a buy at

Credit Suisse First Boston

, with a price target of 35.

XETA Technologies

(XETA)

was down 2 3/8, or about 17%, to 11 5/8 after it announced that it anticipates revenue to be lower than Wall Street's expectation. The company estimates earnings to be 15 cents a share (plus or minus 10%) vs. analysts' forecast of a 20-cent per-share profit.

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Analyst actions

MedQuist

(MEDQ)

plummeted 12 3/8, or 39.7%, to 18 13/16, after the company, which provides electronic transcription and document management services to the health-care industry, was downgraded to buy from strong buy at

Credit Suisse First Boston

, to market perform from top pick at

Donaldson Lufkin & Jenrette

, to market performer from U.S. buy list at

Goldman Sachs

and to neutral from buy at

Merrill Lynch

.

Lehman Brothers

analyst John Bensche said he advised taking profits in

VoiceStream Wireless

(VSTR)

, which earlier this week said it planned to be acquired by

Deutsche Telekom

(DT) - Get Report

for $46 billion. VoiceStream ended the day up 5 7/16 to 133 15/16 and Deutsche Telekom was up 2 1/4, or 5%, to 47 1/4.

Upgrades

BJ Services

(BJS)

: UP to strong buy from buy at

Banc of America

. The stock was down 3 9/16, or 6%, to 55 5/8.

Calpine

(CPN)

was up 1 3/8 to 71 3/8 after its 2000 EPS view was raised to $1.48 from $1.19 at

ABN Amro

.

Diamond Offshore

(DO) - Get Report

: UP to strong buy from market perform at

Deutsche Banc Alex. Brown

. The stock was off 1/8 to 35.

eBookers

(EBKR)

was down 27/32 to 10 17/32 even though Merrill Lynch raised it to intermediate-term accumulate.

Hercules

(HPC)

: UP to trading buy from market outperform at

Goldman Sachs

. Hercules gained 1 7/8, or 13.9%, to 15 3/8.

Pulte

(PHM) - Get Report

: UP to buy from hold at CSFB. Pulte was 15/16 higher to 21 7/8

Downgrades

BindView Development

(BVEW)

: DOWN to hold from buy at

CIBC Oppenheimer

. The stock slid down 2 1/8, or 18.4%, to 9 1/2.

Calico Commerce

(CLIC)

fell 2 1/8, or 15.2%, to 11 7/8 after it was cut DOWN to market outperform from trading buy at Goldman Sachs.

Gillette

(G) - Get Report

: DOWN to hold from strong buy at

Prudential

. It was down 7/16 to 30 3/16.

GoTo.com

(GOTO)

: price target DOWN to 80 from 160 at DLJ. GoTo.com dropped 3 15/32 to 16 21/32.

Keycorp

(KEY) - Get Report

: DOWN to neutral from outperform at

Morgan Stanley Dean Witter

. Keycorp was up 1/8 to 18 3/4.

priceline.com

(PCLN)

: DOWN to hold from strong buy at Prudential. It was an 1/8 higher to 31 1/4.

Warnaco

(WAC)

: DOWN to neutral from outperform at Morgan Stanley. It was off 1/16 to 4 3/8.

Xerox

(XRX) - Get Report

: DOWN to hold from buy at CSFB. The stock was down 5/8 to 18 3/16.

Initiations

Dendrite

(DRTE)

: NEW accumulate at Prudential. Dendrite was down 1 to 26 1/18.

Exfo

(EXFO) - Get Report

: NEW buy at Wit Soundview. The stock fell 15 1/4, or 17.9%, to 70.

First Health

(FHCC)

: NEW market outperform at Goldman Sachs. First Health was down 1 7/8, or 6.1%, to 28 11/16.

Genuity

(GENU)

: NEW buy at CSFB; price target: 18. The stock was down 1/8 to 9 15/16.

Hughes Electronics

(GMH)

: NEW buy at

Lehman Brothers

; price target: 44. It was unchanged at 29 1/8.

Marvell Technology

(MRVL) - Get Report

: NEW outperform at Lehman Brothers. Marvell moved up 1 5/8 to 56 5/8.

Precise Software

(PRSE)

: NEW intermediate-term accumulate and long-term buy at Merrill Lynch; price target: 40. Precise fell 4 1/4, or 13.4%, to 27 3/8.

Silicon Image

(SIMG)

: NEW buy at Lehman Brothers. Silicon was boosted 3 15/16, or 7.6%, to 55 11/16.

StorageNetworks

(STOR) - Get Report

: NEW buy at CSFB; price target: 165; NEW market outperform at Goldman Sachs. The stock rose 3 7/16 to 134 5/8.

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Offerings and stock actions

Blue Martini's

(BLUE) - Get Report

rocketed up almost 175% in its debut. The e-business software company's offering price was $20, above the $16 to $18 price range. It ended the day up 34 25/32 to 54 25/32.

Dynegy

(DYN)

said it authorized a 2-for-1 stock split. The stock dropped 3 3/4 to 72 15/16.

Qualcomm

(QCOM) - Get Report

said it will spin off its semiconductor business as Qualcomm Spinco, which will file for an IPO. Qualcomm named Irwin Jacobs as Spinco chairman and Richard Sulpizio as CEO. The news lifted the stock up 4 3/4, or 7.5%, to 68 3/8.

USX

(X) - Get Report

, off 3/16 to 18 3/4, said its board approved spending up to $450 million to repurchase shares of

USX-Marathon

(MRO) - Get Report

common stock and it raised the quarterly dividend on the stock by 2 cents. Marathon was down 3/16 to 23 13/16.

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Miscellany

Citigroup

(C) - Get Report

said Victor Menezes will run its emerging market activities, while Michael Carpenter will run

Salomon Smith Barney

and Relationship Bank. The company said it is simplifying its management structure. Citigroup was 5/16 lower to 70 7/16.

Halliburton

(HAL) - Get Report

said

Dick Cheney

, its chairman and chief executive, will officially resign Aug. 16 to be

George W. Bush's

running mate in the presidential election. Cheney will be replaced by David Lesar, who is the company's president and chief operating officer. The stock ended the day up 9/16 to 42 1/4.

IBM

(IBM) - Get Report

last night named Samuel Palmisano, a company veteran, as its president and COO and a probable successor to chairman and CEO Louis Gerstner. Today, the company said it will spend $1 billion and hire over 2,500 new staff over the next two years to beef up its mobile Internet consultancy arm in Europe. IBM was down 1/2 to 112.

After Monday's Close

Micro Linear

(MLIN)

announced that Michael Schradle will become the company's new CFO. Schradle previously served as CFO for Arithmos.

Micro Linear is a manufacturer of analog and mixed-signal integrated circuits. It edged up 1/16 to 6 15/16.

The nation's five biggest tobacco firms are using a legal opening to attempt to have the landmark Engle class-action suit removed from a Florida state court in Miami and brought into federal court, the

Journal

reported, saying such a forum is often viewed as being more friendly to defendants in such suits. The move comes just 10 days after the companies were hit with the biggest punitive damages verdict in history, the story points out..

Red Hat

(RHAT)

announced that CFO Harold Covert will leave his position to become CFO and chief administrative officer at computer-maker SGI. Red Hat was down 2 7/8, or 12.1%, to 20 7/8.

Franco-Italian semiconductor maker

STMicroelectronics

(STM) - Get Report

said its U.S. affiliate sued U.S. rival

Atmel

(ATML)

alleging patent infringement. The suit charges that Atmel infringes nine STMicroelectronics patents covering manufacturing processes as well as products including memory microcontroller and smart card products. STM moved up 2 13/16 to 63, while Atmel fell 3/4 to 35 3/8.

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

Corrections and Clarifications.