NBC Internet (NBCI) said it has agreed to purchase privately held small business Web site AllBusiness.com, in a stock deal worth roughly $225 million. The terms also call for NBC Internet to take AllBusiness.com's outstanding options. The deal should be completed in the first quarter. The acquisition comes in the wake of the boom in Internet B2B services.
reported fourth-quarter earnings of 4 cents a share, edging out the four-analyst breakeven estimate and up from the year-ago basic loss of 45 cents. The company also set a 3-for-1 stock split.
In other postclose news (earnings estimates from
First Call/Thomson Financial
; earnings reported on a diluted basis unless otherwise specified):
Mergers, acquisitions and joint ventures
said it has entered a $55 million cash deal to purchase closely held software company
. Aspect said that as a result of the acquisition, it expects to assume a one-time, post-tax first-quarter charge between 7 cents to 13 cents a share. The deal calls for Aspect to buy all PakNetX common and preferred shares and warrants and convert PakNetX's stock options into Aspect options.
Earnings/revenue reports and previews
reported fourth-quarter earnings of 39 cents a share, beating the five analyst estimate of 36 cents and up from the year-ago 26-cent profit, which included items. Despite the solid fourth-quarter results, the company warned investors that it might miss the first-quarter three-analyst estimate of 30 cents a share due to severe weather conditions and integration problems effecting productivity.
Commscope said it remained confident however, that it would meet the seven-analyst estimate of $1.53 a share for fiscal 2000.
said it posted fourth-quarter earnings of 13 cents a share, beating the eight-analyst estimate of 8 cents a share and up from the year-ago pro forma profit of 4 cents.
Integrated Electric Services
warned investors that its would report first-quarter earnings between 6 cents to 8 cents a share, greatly missing the eight-analyst estimate of 33 cents a share. The company blamed project setbacks and market conditions for the disappointing outlook.
said it sold its 10% equity interest in
Jordan Telecommunication Products
and will record a pretax $25 million gain in the first quarter.
reported pro forma second-quarter earnings of 20 cents a share, edging out the six-analyst estimate of 19 cents and up from the pro forma year-ago profit of 16 cents. The company also said it would assume a one-time third-quarter charge between $10 million to $12 million to broaden its online learning services.
Offerings and stock actions
said it would form a publicly traded parent company for its businesses. According to the plan, Brush Wellman and its other domestic and global investments would become fully owned divisions of the new parent which would be known as
Brush Engineered Materials
said it set a 2-for-1 stock split.
For a look into this evening's after-hours trading action, please check out
The Night Watch.