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CVS

(CVS)

said same-store sales at its drugstores rose 6.8% in September and rose 7.6% in the third quarter. Total sales for the third quarter grew to $5.41 billion, up from $4.92 billion in the equivalent period last year.

Earnings, Warnings & Reports

Cincinnati Financial

(CINF)

said it expects claims and other losses associated with the September terrorist attacks to reduce its third-quarter earnings by 39 cents a share. Analysts were predicting earnings of 37 cents a share for the period.

Great Atlantic & Pacific Tea

(GAP)

, operator of A&P, Food Emporium, and Waldbaum's, said it lost $3.23 million, or 8 cents a share including certain charges, in the fiscal second quarter. The company posted a loss of $5.37 million, or 14 cents a share, in the year-ago period. Analysts expected a loss of 17 cents in the latest quarter. Excluding certain items, the company would have posted a profit of 25 cents a share.

NRG Energy

(NRG)

, said its bottom line for the third quarter was $141.5 million, or 71 cents a share. Analysts, on average, were calling for 67 cents a share. The company earned $88.6 million, or 49 cents a share, a year earlier. The company said it expected to post earnings of $1.35 a share in 2001 and $1.65 to $1.70 per share in 2002, roughly in line with estimates.

Mergers, Acquisitions & Joint Ventures

Comdisco

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, a computer leasing company, said it will sell its technology services unit to financial services software company

SunGard Data Systems

(SDS)

for $825 million. SunGard's offer topped an earlier bid by

Hewlett-Packard

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.

Microsoft

(MSFT)

extended its alliance with Sega Corp. Microsoft, which is set to launch its new game console, Xbox, next month, said the developer will provide the system with a new game in its popular Shenmue series among other popular titles.

Miscellaneous News

DuPont Photomasks

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named Satish Rishi chief financial officer. Rishi, 42, was a Dell executive. He will replace Gerd Stoecker, who resigned, effective the end of October.

After Thursday's Close

Computer Associates

(CA)

said it plans to cut about 900 jobs, or 5% of its workforce. The cuts are effective immediately and will be in all areas of the company.

Cree

(CREE)

said it earned 11 cents a share in the fiscal first quarter, excluding amortization, beating the consensus estimate by a penny. The company earned 17 cents a share a year ago.

Electronics for Imaging

(EFII)

said it earned $14 million, or 25 cents a share, in the third quarter. The figures exclude amortization costs. On that basis, the company met analysts' expectations. The company also projected fourth-quarter revenue of $108 million to $113 million with earnings of 15 cents to 17 cents a share.

Juniper Networks

(JNPR)

said it earned $32.5 million, or 10 cents a share, excluding items in the third quarter. According to Thomson Financial/First Call, analysts were looking for quarterly earnings of 7 cents a share. Multex.com listed the consensus estimate at 9 cents. Juniper earned $60.3 million, or 17 cents a share, in the same quarter a year ago. Additionally, the company's board approved a $200 million stock buyback spanning the next two years.

Network Associates

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, saying it was "back" from earlier financial troubles, forecast sales of $217 million to $232 million with earnings of 7 cents to 10 cents a share in the fourth quarter. In 2002, the company expects sales of $880 million to $920 million and earnings of 35 cents to 40 cents.

Sonus Networks

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reported a loss of $11.4 million, or 6 cents a share, in the third quarter, matching Wall Street's projections. The company lost 4 cents in the year-ago period. Revenue jumped to $40.3 million from $15.6 million a year ago.