said it would collaborate with
, a Web site manager, to offer services to small to mid-size businesses. The deal will allow the two companies to share existing and potential clients in a dual sales effort. The two companies will examine a possible joint business, supplying a rentable application that would let small- and medium-sized business use Internet business applications without having to buy otherwise necessary support equipment.
In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):
Earnings/revenue reports and previews
reported third-quarter earnings of 48 cents a share, beating the eight-analyst estimate of 44 cents a share and up from a year-ago loss of 47 cents a share.
reported second-quarter earnings of 42 cents a share, in line with the six-analyst estimate and up from 38 cents a year ago.
reported fourth-quarter earnings of 1 cent a share, slightly better than the 21-analyst expectation that the company would break even, and better than a year-ago loss of 1 cent a share.
posted fourth-quarter earnings of 15 cents a share, better than both the seven-analyst estimate of 13 cents and the year-ago five cents.
posted third-quarter earnings of 41 cents a share, beating out both the nine-analyst estimate of 40 cents and the year-ago 33 cents.
reported second-quarter earnings of 18 cents a share excluding charges, in line with the 14-analyst estimate and up from 2 cents a year ago.
posted disappointing earnings of seven cents a share, narrower than both the seven-analyst estimate of eight cents and the year-ago 12 cents.
Offerings and stock actions
(NOVA:Nasdaq) priced below its revised $9 to $11 range, at $8 a share.
Donaldson Lufkin & Jenrette
served as the IPO's lead underwriter.
said it has been subpoenaed by a federal grand jury probing possible antitrust violations in the nickel alloys business. Allegeny Teledyne's chairman, president and CEO Richard Simmons said the company maintains a comprehensive program to ensure that antitrust violations are followed. The company said that nickel and alloy sales represent less than 10% of its revenue.
announced its plans to open 50-60 new stores in the year 2000. The company said 38 stores, previously owned by
, will open in the first half of the year in New Jersey, New York and Connecticut, while additional stores will open their doors in Dallas/Fort Worth, St. Louis and Rochester, Minn., markets. As of July 31, Kohl's stores totaled 231, up from the year-ago 197 stores. The chain has opened 46 new stores in 1999. Kohl's reported better-than-expected earnings of 27 cents a share, beating both the 17-analyst estimate of 24 cents and the year-ago 19 cents.