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i2 Technologies


shed 17 1/2, or 8.4%, to 190 1/2 after saying it is buying

Aspect Development


for $9.3 billion. Aspect Development climbed 12, or 14.1%, to 97.

According to the terms of the deal, i2 would swap 0.55 share for each Aspect share after Aspect's 2-for-1 stock split. After the merger is completed, Aspect shareholders will own 18% of the company.

Separately, i2 said it has entered a $280 million stock deal to acquire closely held


. i2 said the deals would not effect fiscal 2000 cash earnings but would contribute to the fiscal 2001 report.



dropped 8 , or 21.5%, to 29 3/16 after it said it is buying

Times Mirror


. Times Mirror jumped 35 15/16, or 75%, to 83 7/8. Tribune is the publisher of the

Chicago Tribune

, and also owns numerous television stations in addition to the

Chicago Cubs

Major League Baseball

franchise. Times Mirror is publisher of the

Los Angeles Times



. Following completion of the deal, Tribune Company will have 11 daily newspapers, 22 television stations and four radio stations.

Mergers, acquisitions and joint ventures

Six big Wall Street firms and


announced the creation of


, an e-commerce concern that will host a series of online marketplaces linking firms with institutional investors.

Goldman Sachs

(GS) - Get Free Report


J.P. Morgan

(JPM) - Get Free Report


Lehman Brothers



Merrill Lynch



Morgan Stanley Dean Witter




(C) - Get Free Report

Salomon Smith Barney

will own a majority interest in the business. Communicator will provide the infrastructure and operate the business and have a minority interest.

Goldman Sachs gained 1 1/8 to 113 3/8, J.P. Morgan gained 3 to 109 1/16, Lehman Brothers lost 1 3/16 to 80 15/16, Merrill Lynch lost 2 15/16 to 102, Morgan Stanley moved down 2 1/2 to 84 1/8 and Citigroup inched up 1/2 to 49 7/16.

CoreComm Limited

(COMM) - Get Free Report

inched up 1/8 to 48 after it said it is buying


for about $540 million in cash and stock. rose 1 5/8, or 12.5%, to 14 5/8.



slipped 3/16 to 26 5/16 after it said it is buying

Card Capture Services

, the largest independent network of centrally managed automated teller machines in the U.S. Terms of the deal weren't disclosed.

General Motors

(GM) - Get Free Report



said they formed a strategic industrial alliance. General Motors will buy a 20% stake in Fiat for $2.4 billion in GM stock. GM also said it will buy back $2.4 billion of its common stock by the end of the year and said it increased its



exchange offer to $9 billion from $8 billion. General Motors climbed 13/16 to 78 5/8, while Hughes lost 1 1/4 to 128 7/16.


(IBM) - Get Free Report

rose 2 11/16 to 107 15/16 after it said it is teaming up with


(CSCO) - Get Free Report






(INTC) - Get Free Report






(NOK) - Get Free Report






and others to supply products and services to bring e-business applications to wireless devices. Cisco climbed 2 1/16 to 138 3/8; Ericsson fell 1 11/16 to 98 15/16; Intel gained 4 1/8 to 124 5/16; Motorola rose 1 5/8 to 176 1/2; Palm dropped 3 5/8, or 5.2%, to 66 3/8 and Nokia was unchanged at 215.

L-3 Communications

(LLL) - Get Free Report

lost 1/2 to 44 1/16 after it said it is buying the

Traffic Alert and Collision Avoidance System

product line from


(HON) - Get Free Report

for $255 million. Honeywell lost 1 1/8 to 44 1/4.


(MSFT) - Get Free Report

moved down 1 1/4 to 99 1/4 after it and

Andersen Consulting

agreed to a $1 billion pact to form a joint venture called


, a technology services firm that will employ 5,000 and contribute to building Internet businesses using Microsoft software.

Radio One


lost 1 3/4 to 64 after it said it will buy 12 stations from

Clear Channel

(CCU) - Get Free Report

for $1.3 billion and three stations from


for $40 million. Radio One will also buy

Davis Broadcasting

for $24 million.

Texas Utilities


tacked on 1/16 to 26 11/16 after it said it was launching an offer for Spanish utility

Hydroelectrica del Cantabrico

for 21.25 euros a share, or 2.4 billion euros.

Tommy Hilfiger


is believed to be in talks to buy all or part of privately owned

Calvin Klein


The Sunday Telegraph

in London reported. Calvin Klein could be valued at $1 billion, the newspaper said. Tommy Hilfiger moved up about 2.6%, to 14.


(VNTR) - Get Free Report

dropped 4 5/16 to 177 and



gained 7 1/2 to 240 after they said they entered a software deal.

Earnings/revenue reports and previews


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



(AXE) - Get Free Report

added 1 3/4, or 8.9%, to 21 7/16 after it said it expects first-quarter earnings-per-share to exceed estimates by 15% to 20%. The company said it expects earnings between 38 cents and 40 cents a share, compared with the year-ago earnings of 19 cents. The current two-analyst estimate is for 34 cents a share.


(PGR) - Get Free Report

moved up 1 1/2 to 51 1/14 despite saying its first-quarter earnings would fall below estimates. The current 14-analyst estimate calls for earnings of 50 cents a share.

Offerings and stock actions

Applied Micro Circuits


said its board set a 2-for-1 stock split. Applied Micro Circuits advanced 2 to 293.


(CELG) - Get Free Report

said its board set a 3-for-1 stock split. Celgene moved down 1 13/16 to 166 11/16.

Commerce One's


board approved a 2-for-1 stock split. Commerce One slipped 4 9/16 to 262 1/8.


set a 2-for-1 stock split. jumped 9 3/8, or 18.1%, to 61 5/16.



said it plans a 2-for-1 stock split and will apply for listing on the

Milan Stock Exchange

by the end of 2000. Luxotica lifted 3/8 to 24.

Nortel Networks


said it plans to spin off its


division as a separate company. Nortel said that

Pequot Capital

would take a $15 million stake in the new company. Nortel Networks was down 1 5/16 to 122 1/8.

Analyst actions

Morgan Stanley Dean Witter



(AMR) - Get Free Report

to strong buy from outperform. AMR declined 5/8 to 56 1/4.

Merrill Lynch




with a near-term accumulate, long-term buy and a 12- to 18-month price target of 50. Broadwing slipped 1 3/4 to 37 3/16.


raised its 12-month price target on



to 150 a share. Calpine stumbled 2 1/8 to 108 7/8.

Credit Suisse First Boston

cut its rating on


(CHIR) - Get Free Report

to buy from strong buy. Chiron plummeted 10 3/4, or 17.9%, to 49 3/16.

Donaldson Lufkin & Jenrette




to its value list. Compaq shed 7/16 to 28 1/8.

Banc of America Securities


Bear Stearns



(DELL) - Get Free Report

. Banc of America upgraded Dell to strong buy from buy. Bear Stearns upgraded Dell to buy from attractive. Dell popped 3 1/2, or 6.8%, to 54 3/4.

Deutsche Banc Alex. Brown

started coverage of



with a buy rating and a 157 price target. Diversa slipped 8 7/8, or 8.8%, to 92.

Thomas Weisel

analyst Doug van Dorsten started coverage of



with a buy rating and a 12-month price target of 60. Eloquent declined 2 3/4, or 6.9%, to 36 3/4.

Warburg Dillon Read analyst Claire Nickson-Havens raised her rating on



to strong buy from buy and boosted the price target to 100 from 80. eSpeed climbed 8 3/8, or 11.2%, to 83 1/8.

J.P. Morgan

set a 12-month price target for

FleetBoston Financial


at 38. FleetBoston Financial added 11/16 to 26 3/8.

Robertson Stephens



(INTC) - Get Free Report

to strong buy from buy. Intel gained 3 11/16 to 123 13/16.


said it started coverage of

Juno Online


with a buy rating and a 12-month price target of 40. Juno Online jumped 4 1/8, or 20.7%, to 24.

DB Alex. Brown upgraded



to strong buy from buy. Knight/Trimark advanced 3 1/4, or 6.5%, to 52 3/4.

DLJ said it raised


(KSS) - Get Free Report

to buy from market performer. Kohl's lifted 3 to 86 1/8.

SG Cowen

said it started coverage of



as a strong buy. Landacorp climbed 2, or 14.1%, to 16 1/8.

Merrill Lynch analyst Michael Hughes started coverage of

Lending Tree

(TREE) - Get Free Report

with a rating of near- and long-term buy and a 12- to 18-month price target of 33. Lending Tree shot up 2 3/16, or 15.5%, to 16 1/4.

Wit SoundView

upped its rating on


(LU) - Get Free Report

to buy from hold and set a price target of 90. Lucent declined 15/16 to 67 1/16.

Thomas Weisel analyst Keith Gay initiated coverage on


with a buy rating. stumbled 3/8 to 9 7/16.


sliced its rating on

Suiza Foods


to attractive from buy and cut its price target to 42 from 51. Suiza Foods slipped 1 7/16 to 37 1/4.

Merrill Lynch analyst Robert Schenosky started coverage of

Weirton Steel


with a rating of accumulate for the intermediate term and buy for the long term. Weirton Steel lost 7/16 to 9 1/4.




fell 3 7/8, or 7%, to 52 1/16 after it said it planned to separate its finance and health care businesses "as soon as an orderly separation can be achieved." The company also plans to sell off international assets that do not fit the strategy of either resulting company. Meanwhile,

Warburg Dillon Read

cut its rating on Aetna to reduce from hold.


(ATHM) - Get Free Report

hopped 1 9/16, or 5.4%, to 30 1/8 after it said it will launch an online service aimed at high-speed users.

The Heard on the Street column in the


says biotech stocks are acting like Internet stocks, driving the biotech industry's market capitalization up 50% to $600 billion in just two months time. The story speculates that some biotech companies now have the capacity to swallow up old-line pharmaceuticals companies, though it adds no imminent deals are on the horizon.

Editorial Assistant Diane Gross contributed to this story.