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Merrill Lynch

priced 14 million shares of


at $13 each, above the expected range of $10 to $12. The company is an Internet retailer of goods ranging from computers to books.

In other postclose news (

earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified


Earnings/revenue reports and previews

Caliper Technologies


posted a fourth-quarter pro forma loss of 38 cents a share, narrower than the three-analyst estimate of a 42-cent loss but down form the year-ago 5-cent profit.

Cox Radio


reported fourth-quarter earnings of 30 cents a share, beating the two-analyst estimate of 28 cents and up from the year-ago 24 cents. Cox also said it set a 3-for-1 stock split.

Harleysville Group


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said it will cut 370 jobs and said fourth-quarter operating profit would be well below the same quarter last year. The company said it expects to report earnings between 25 cents and 27 cents a share, well below the year-ago 49 cents. The current seven-analyst estimate calls for earnings of 27 cents.


(LZB) - Get LaZBoy Incorporated Report

reported third-quarter earnings of 41 cents a share, a penny ahead of the six-analyst forecast and up from the year-ago 33 cents a share. The company said the results from the latest third quarter reflect its June 1 acquisition of

Bauhaus USA

, with about $100 million in annual sales; and its Dec. 28 buy of

Alexvale Furniture

, with about $60 million in annual sales.



posted fourth-quarter earnings of 46 cents a share, which is in line with the two-analyst estimate. The year-ago report was 50 cents a share, which included a tax benefit gain.

Watsco Energy

(WSO) - Get Watsco, Inc. Report

reported fourth-quarter earnings of 13 cents a share, missing the 10-analyst estimate of 18 cents and down from the year-ago 16 cents. The company expanded its share buyback program to repurchase up to an additional 1.5 million shares.

Yankee Energy


posted first-quarter earnings of 63 cents a share, which includes a merger charge of 14 cents a share. The two-analyst estimate called for earnings of 78 cents, while the year-ago earnings were 74 cents. The company said warmer than normal weather conditions reduced earnings by 17 cents a share in the latest first quarter and 16 cents a share in the same period a year ago.

In other earnings news:


Merrill Lynch


announced a $32.5 million settlement with 14 California government agencies dubbed the "Killer Bs," wrapping up major legal actions against the brokerage stemming from Orange County's financial collapse in 1994.

The Killer Bs earned their name in 1995 when they balked at Orange County's plan to repay them for the losses incurred when the county investment pool failed. Instead they chose "Option B" and filed their own lawsuit against Merrill for its alleged involvement in the bankruptcy.

Photogen Technologies


said John Smolik resigned as chairman, CEO and president as part of a companywide restructuring. The positions will be filled on an interim basis by Timothy Scott, who previously served as vice president and COO.