Jupiter Communications Files for $57.5 Million IPO

Publish date:

Jupiter Communications

, an Internet market research firm, filed for a $57.5 million IPO.

Donaldson Lufkin & Jenrette

will be the lead underwriter, with

Deutsche Banc Alex. Brown


Thomas Weisel Partners

also in on the deal. DLJ's


online brokerage will handle Internet distribution.

In other postclose news (earnings estimates from

First Call

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

Earnings/revenue reports and previews

Crompton & Knowles

(CNK) - Get Report

reported second quarter earnings of 55 cents a share, a penny less than the four-analyst estimate and above the year-ago 34 cents.

Hotel and office furniture maker

Falcon Products


said it will take a third-quarter after-tax charge of $8.5 million, or 97 cents a share, on costs related to its merger with

Shelby Williams

, announced in May.

Indiana Energy

(IEI) - Get Report

said its third-quarter earnings were 11 cents a share, well above the four-analyst estimate of 5 cents and up from 9 cents a year ago.

KLLM Transport


reported second-quarter earnings of 4 cents a share, well below the three-analyst estimate of 20 cents and below last year's 28 cents. The company said its earnings fell on a driver pay increase, a decline in revenue per mile, increased fuel prices and a shortage of drivers.

Mergers, acquisitions and joint ventures

Duke Energy

(DUK) - Get Report

said it will spend $200 million to establish a power generation base in Central America. Duke was the successful bidder in today's privatization of El Salvadorian generating companies.

Offerings and stock actions

First Sentinel Bancorp


said it will buy back up to 4.3 million shares, or 10% of its outstanding common shares on the open market.

Haverty Furniture

(HVT) - Get Report

said it plans a 2-for-1 stock split, effective Aug. 25 for shareholders of record Aug. 11.


(TER) - Get Report

said it has approved a 2-for-1 stock split in an attempt to improve trading liquidity and broaden ownership of the company's stock. The company will have about 178 million shares outstanding after the split, effective after the close of business Aug. 17.


The White House is expected to nominate bank executive Carol Parry for one of two openings on the

Federal Reserve's

Board of Governors. Until recently Parry was executive vice president for community reinvestment at



. The nomination is expected before the end of next week.

A federal appeals court upheld a $2 billion annual federal program to subsidize Internet connections for schools and libraries. The court backed the

Federal Communications Commission's

decision to allow the subsidies to be used to pay directly for Internet access. Major telephone carriers had argued the money could only be spent on telecommunications services.