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Apple Sues Over iMac Lookalike; Agile IPO Prices Above-Range

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(AAPL) - Get Free Report

said that it has filed a lawsuit against privately held PC maker


for illegally duplicating its well-known iMac PC design with its new eOne PC. Apple said this is its second lawsuit this month aimed at protecting its computer's translucent design. eMachines disputes the similarity of the machines, claiming that they are a "totally different industrial design."

Morgan Stanley Dean Witter


Agile Software

(AGIL:Nasdaq) above-range at $21 a share. The price range for the 3 million-share IPO was raised to $18 to $20 from $15 to $17.

In other postclose news (earnings estimates from

First Call

; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews



posted break-even results for its second-quarter, better than the three-analyst estimate of a loss of 3 cents a share and the year-ago loss, also 3 cents.

Borders Group


reported a second-quarter loss of 3 cents a share, in line with the 10-analyst estimate and down from the year-ago 3 cents.


(CIEN) - Get Free Report

reported third-quarter earnings of a penny a share, beating the 15-analyst estimate of a penny loss and down from the year-ago 10 cents.



posted second-quarter earnings of 10 cents a share, in line with the four-analyst estimate and down from the year-ago 27 cents.



reported third quarter earnings of 14 cents a share, topping both the nine-analyst estimate of 13 cents and the year-ago 7 cents.

Optical Coating


posted third-quarter earnings of 41 cents a share, beating both the three-analyst estimate of 39 cents and the year-ago 27 cents.

RDO Equipment


reported second-quarter earnings of 29 cents a share, up from the three-analyst estimate of 28 cents but lower than the year-ago 34 cents.

Sharper Image


posted a second-quarter loss of a penny a share, narrower than the three-analysts estimate of a loss of 3 cents and better than the year-ago loss of 14 cents.

Software Spectrum


reported first-quarter earnings of 35 cents a share, beating both the two-analyst estimate of 33 cents and the year-ago 30 cents.

System Software


posted a third-quarter loss of 20 cents a share, wider than the two-analyst estimate and narrower than the year-ago loss of 30 cents. The company expects profitability to resume in 2000.



posted second-quarter estimates of 15 cents a share, wider than the two-analyst estimate of 11 cents but narrower than the year-ago 25 cents.

Offerings and stock actions



said it raked in $15 million in equity capital through a private placement offering of common stock and warrants. The company, which supplies payment systems to Internet businesses, said the equity will be used for business expansion, marketing, acquisitions and working capital. The offering was placed with

Rose Glen Capital International Investors


Goldman Sachs



(LOOK:Nasdaq) at $12 a share. The price range for the IPO was $11 to $13. The deal's size was reduced to 9 million shares from 12 million, and then finally to 7.7 million.

Serena Software


said its board gave its stamp of approval to a 400,000-share repurchasing program, representing about 2% of its outstanding shares. The company plans to use the shares in conjunction with employee stock programs and general corporate purposes.


Apria Healthcare Group


said that it has linked with creditors in an involuntary bankruptcy petition against

Coram Resources Network

, a

Coram Healthcare

(CRH) - Get Free Report

subsidiary. The filing is the most recent attempt by Apria to collect on unpaid invoices. The company's subsidiaries had previously initiated a lawsuit in California state court to forced the group to pay up to $1.4 million. Apria said the invoices could end up totaling roughly $2.1 million as additional bills go unpaid.



Hard Disk Drive Group


announced its plans to cut nearly 800 jobs and accept a $50 million restructuring charge in the current quarter. The company said it eliminated the jobs to focus on the market for PCs costing less than $700.

Data storage provider



also has restructuring plans in the works which include cut close to 16% of its global workforce by the end of the year. The company said most of the cuts would come from its Boulder headquarters. Exabyte will accept a $2.8 million restructuring charge, which includes severance costs, benefit extensions and outplacement services, in the third quarter. The company says the reductions will save about $12 million annually.

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

Corrections and Clarifications.