Friday during earnings season is sort of akin to a bye week in the NFL. Sometimes it just seems that it'll never come.

With the majority of this week's earnings in the can and another fun week to come (take our word for it, it'll be fun!), the action has somewhat slowed going into the weekend.

Procter & Gamble

(PG) - Get Report

dropped 6 9/16, or 5.8%, to 106 after

The Wall Street Journal

reported that its board intends to meet by phone to discuss the possibility of acquiring




American Home Products


, citing people familiar with the situation. Warner-Lambert slipped 15/16 to 92 13/16 and American Home Products added 3/4 to 46 7/8.

Sun Microsystems

(SUNW) - Get Report

lost 1 3/8 to 85 1/4 after last night posting second-quarter earnings of 21 cents a share, beating the 21-analyst estimate of 20 cents a share and the year-ago report of 16 cents a share. The company attributed its 30% increase in net income to the robust demand for its workgroup and high-end servers.

Credit Suisse First Boston

upped its 2000 earnings view on Sun to 90 cents from 89 cents.


upped its rating on Sun Micro to attractive from neutral and boosted its price target and

Lehman Brothers

raised its price target to 105 and reiterated its buy rating.

Mergers, acquisitions and joint ventures



climbed 4 3/16, or 22%, to 23 5/16 after it announced a multimillion-dollar deal with the

Department of Justice

. Corel will supply software for more than 55,000 staff in a three-year agreement, but did not disclose the value of the deal.

Dassault Systems


added 1 to 65 1/2 after it said it signed a deal allowing


(BA) - Get Report

to use some of its software products as the core of a set of engineering computing standards. Boeing fell 1 3/8 to 45 1/8.

FrontLine Capital Group


tacked on 1 to 59 1/2 after it said it plans to buy

CarrAmerica Realty's


executive office suites affiliate for $380 million in cash. CarrAmerica climbed 11/16 to 22 1/8.


(MSFT) - Get Report

lost 1 7/8 to 104 17/32 after it said it will invest $100 million in



as part of a marketing and distribution deal. VerticalNet soared 45 9/16, or 23.5%, to 239 3/4.

Philip Morris

(MO) - Get Report

slipped 2.5%, to 22 after its Kraft Foods unit said it would buy nutrition-bar maker

Balance Bar

(BBAR) - Get Report

for $268 million. Shares of Balance Bar jumped 5 5/16, or 38.5%, to 19 1/8.

Earnings/revenue reports and previews


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


Air Products and Chemicals

(APD) - Get Report

inched up 9/16 to 30 7/16 after it posted first-quarter earnings of 56 cents a share, beating the nine-analyst estimate of 51 cents and the year-ago 55 cents.


(CAT) - Get Report

edged up 1/8 to 47 1/4 after it reported fourth-quarter earnings of 67 cents a share, beating the 21-analyst estimate of 64 cents.

FPL Group

(FPL) - Get Report

added 3/4 to 43 5/8 after it reported fourth-quarter earnings of 57 cents a share, in line with the 19-analyst estimate and up from the year-ago 54 cents.



inched up 1/8 to 52 11/16 after it reported first-quarter earnings of 36 cents a share last night, missing the 27-analyst estimate by a penny and down from the year-ago 48-cent profit. Earlier this month, the company cautioned investors that its first-quarter profits could fall as much as 25% as a result of purchasing delays and manufacturing problems, which the company expects to have resolved by the end of the second quarter.

In reaction to the profit warning, analysts scaled back their consensus estimate to 37 cents a share from 54 cents. Today, First Boston cut its 2000 earnings estimates on the stock to $1.25 from $1.35 a share.


(PHM) - Get Report

gained 5/16 to 18 7/16 after it reported fourth-quarter earnings of $1.60 a share, flying past the 10-analyst estimate of $1.22 and the year-ago 87 cents.



was unchanged at 48 9/16 after it reported fourth-quarter earnings of 43 cents a share, in line with the 15-analyst estimate and up from the year-ago 36 cents.

Offerings and stock actions

Broadbase Software


added 2 9/16 to 86 3/16 after it said it filed with the

Securities and Exchange Commission

to offer up to three million shares of the company's common stock.'s


IPO was set at 7.5 million common shares, which may be priced between $9 and $11 a share.

Merrill Lynch

is slated to serve as the deal's lead underwriter.

Vitria Technology


lost 4 to 124 after it said it intends to file to sell about four million common shares.

Analyst actions

Morgan Stanley Dean Witter

raised its rating on

Acme Communications


to outperform from neutral. Shares of Acme tacked on 1 to 28 3/4.

CSFB started coverage of


(AGN) - Get Report

as a strong buy and set a price target of 67. Shares of Allergan were gaining 7/8 to 51 1/2.

U.S. Bancorp Piper Jaffray

cut its 2000 estimates on shares of

AmeriTrade Holding

TheStreet Recommends

(AMTD) - Get Report

to a loss of 24 cents from a loss of 9 cents, due to the success of its interactive financial services division, OnMoney. Shares of AmeriTrade Holding were sliding 1, or 5.3%, to 17 7/8.


upped its rating on



to buy from neutral. Shares of Andrew were falling 1/4 to 24 7/16.

Deutsche Banc Alex. Brown

cut its rating on

Artesyn Technologies


to market perform from buy. Shares of Artesyn Technologies were lifting 3/16 to 16 5/16.

Morgan Stanley Dean Witter




to outperform from neutral and

SBC Communications


to strong buy from outperform. Shares of BellSouth were mounting 13/16 to 46 5/16, while SBC Communications was moving up 1 9/16 to 42 9/16.

First Boston upped its price target on

Carrier Access


to 85 from 65. Shares of Carrier were rising 1/4 to 64 13/16.

CSFB boosted

Chartered Semiconductor's


2000 earnings estimate to 84 cents from 71 cents. Shares of Chartered were bouncing 6 1/8, or 7.3%, to 89.

Warburg Dillon Read

started coverage of

Detroit Diesel


with a hold rating and a price target of 23. Shares of Detroit Diesel were losing 3/16 to 17 13/16.

Merrill Lynch




to near-term buy from near-term accumulate. Shares of EDS were popping 4 15/16, or 6.3%, to 72 11/16.

First Boston upped its 2001 earnings estimate on


(FLEX) - Get Report

to $1.47 from $1.30. Shares of Flextronics were advancing 7 1/8, or 15.3%, to 53 3/4.

Goldman Sachs

cut its rating on

Fortune Brands

to market perform from market outperform. Shares of Fortune Brands were slipping 1 1/2 to 30 11/16.

Lehman Brothers

raised its price target on

Infonet Services


to 37 from 32. Shares of Infonet Services were adding 3/16 to 30 1/16.

Bear Stearns

said it raised



2000 earnings view to break even from a loss of 6 cents. Shares of Inktomi were mounting 10 1/8, or 10.1%, to 110 3/16.

First Boston raised its price target on

Lattice Semiconductor

(LSCC) - Get Report

to 75 from 65. Shares of Lattice Semiconductor were losing 1 1/8 to 59.

First Boston started coverage of

Mid Atlantic Medical Services


with a hold rating. Shares of Mid Atlantic Medical were sliding 1/16 to 10.


raised its rating on

Mirage Resorts


to buy from hold. Shares of Mirage were declining 1/4 to 15 11/16.

First Boston raised its price target on



to 93 from 41. Shares of NetIQ were shedding 1 3/8 to 70 1/4.

First Albany


Pervasive Software


to neutral from buy. Shares of Pervasive Software were skidding 3, or 19.9%, to 12 1/8.

First Boston raised its 2000 earnings estimates on



to $1.50 from $1.30. Shares of PMC-Sierra were moving 20 3/8, or 11.6%, to 194 7/8.

Warburg Dillon Read

started coverage of

Vital Signs


with a buy rating and set a price target of 32. Shares of were climbing 7/8 to 25 1/16.

J.P. Morgan

reinstated coverage of


(WMT) - Get Report

with a long-term buy rating and a price target of 70. Shares of Wal-Mart were falling 7/16 to 62 15/16.


The Heard on the Street column in

The Wall Street Journal

takes a look at how so-called dinosaur banks have successfully muscled into the online world, easily taking market share away from a number of Internet-only banks that popped up in the mid-1990s. Shares of

Net Bank


, one of the largest pure Internet bank plays, have felt the pain, falling 77% from an April peak, the story says. Shares of Net Bank were losing 15/16 to 18 3/8.