John J. Edwards III
The rally in tech stocks continued Monday and might get a further lift from the first of the evening's post-close tidbits:
shares reportedly leapt in after-hours trading on the strength of the company's first-quarter earnings, which came in at 53 cents per share. That was down from the year-ago 63 cents but well ahead of the
consensus expectation, 45 cents.
Also surprising Wall Street on the upside was
Advanced Micro Devices
, which reported first-quarter earnings of 9 cents per share. As with Motorola, the results were down from a year earlier, when the company made 18 cents. But AMD blew past the First Call estimate of a 2-cent loss.
Would-be merger partners
are ready to rumble with the
Federal Trade Commission
. The office-supply superstore companies said they will go to court to fight the FTC's attempt to block their $4 billion union.
Lawyers for several tobacco companies agreed to the release of seven
documents said to contain information on the dangers of nicotine. Liggett, a unit of
, is the rogue cigarette pusher that last month promised to turn over key documents in a settlement of a suit brought by 22 state attorneys general.
Redhook Ale Brewery
previewed less-than-frothy first-quarter results, saying it expects to report an unspecified loss. First Call was looking for a profit of 1 cent per share versus the year-ago 10 cents.