----- Forwarded by Sharonda Stephens/Corp/Enron on 01/25/2001 10:48 AM -----

	"ANN SCHMIDT, ENRON CORP." <ENRONPR@bloomberg.net>
	01/25/2001 08:52 AM
		 
		 To: sharonda.stephens@enron.com
		 cc: 
		 Subject: (BN  ) U.S. Equity Preview: Corning, Equifax, Harmonic, Stan


enron story




U.S. Equity Preview: Corning, Equifax, Harmonic, Stanley Works
1/25/1 8:2 (New York)

U.S. Equity Preview: Corning, Equifax, Harmonic, Stanley Works

     New York, Jan. 25 (Bloomberg) -- The following is a list of
companies whose shares may move in U.S. markets Thursday, Jan. 25.
U.S. Equity Preview includes news that occurred after markets
closed Wednesday. Stock symbols are in parentheses after the
company name.

     Most Likely to Move:

     Corning Inc. (GLW) fell to $63 in early trading on Instinet.
It closed at $70.13 yesterday. The maker of fiber-optic cables
said orders may be lower than expected in the first half of 2001
because several customers said they may order less equipment than
they previously thought.

     Foundry Networks Inc. (FDRY) rose as high as $23.50 in after-
hours trading. It closed at $20.94 in regular trading. The maker
of computer networking equipment said fourth-quarter profit
excluding stock-based pay costs was 17 cents a share, more than
the 11 cents to 14 cents it forecast last month.

     Newport Corp. (NEWP) fell as low as $90 in after-hours
trading. It closed at $108.44 in regular trading. The maker of
equipment for producing semiconductors and fiber-optic parts said
on a conference call with analysts that it expects sales to rise
40 percent this year, less than the 50 percent increase it
forecast three months ago.

     PG&E Corp. (PCG) and Edison International (EIX): The owners
of California's two largest utilities stand to benefit after state
officials received bids for multiyear power supplies at about one-
quarter current prices. The state plans to use the contracts to
help the utilities stave off bankruptcy and prevent more sporadic
blackouts by selling them power at cost. PG&E rose 38 cents to
$9.94. Edison rose 63 cents to $9.38.

     Stanley Works (SWK): Wal-Mart Stores Inc. (WMT) will increase
by more than eightfold its offering of the toolmaker's products,
Stanley spokesman Gerry Gould said. Stanley rose $1.50 to $30. Wal-
Mart rose 13 cents to $53.50.

     Others:

     Akamai Technologies Inc. (AKAM): The company, whose service
speeds the delivery of data over the Internet, said it had a
fourth-quarter loss of 61 cents a share, excluding stock-based pay
and amortization costs, narrower than the 68-cent average loss
estimate of analysts surveyed by First Call/Thomson Financial.
Akamai rose $3.25 to $35.38.

     Amgen Inc. (AMGN) fell as low as $65.88 in after-hours
trading. It closed at $69.06 in regular trading. The biotechnology
company said fourth-quarter profit from operations dropped
9 percent from a year earlier to 24 cents a share, missing by a
penny the average forecast of analysts surveyed by First Call.

     Bally Total Fitness Holding Corp. (BFT): The fitness-center
owner will replace Saga Systems Inc. (AGS), which is being
acquired, in the Standard & Poor's SmallCap 600 Index after the
close of trading on Feb. 1, Standard & Poor's said in a statement
published on its Web site. Bally fell 81 cents to $29.19.

     Cirrus Logic Inc. (CRUS): The chipmaker said it had profit of
28 cents a share in the third quarter ended Dec. 30, excluding
investment gains and amortization of acquisition expenses. It was
expected to earn 26 cents, the average estimate of six analysts
surveyed by First Call. Cirrus Logic fell $2.69 to $30.31.

     Enron Corp. (ENE): The energy trader said it expects to earn
$1.70 to $1.75 a share in 2001. That's higher than the
$1.69 average estimate of analysts polled by First Call/Thomson
Financial. Enron rose $1.19 to $79.75.

     Equifax Inc. (EFX): The consumer-credit reporting service cut
its revenue-growth projections for this year to 8 percent to
10 percent because of the slower economy, the company said in a
press release distributed by PR Newswire. A call seeking comment
wasn't immediately returned. Equifax rose 31 cents to $30.69.

     Exodus Communications Inc. (EXDS) fell as low as $24.50 in
after-hours trading. It closed at $28.19 in regular trading. The
manager of other companies' Web sites said its first-quarter loss
will widen to 26 cents to 27 cents a share, excluding amortization
costs, from 13 cents in the fourth quarter.

     Harmonic Inc. (HLIT) fell as low as $8.94. It closed at
$10.88 in regular trading. The maker of Internet equipment said in
a press release distributed by Business Wire that it had a fourth-
quarter loss of 30 cents a share, excluding amortization of
intangibles and other costs, more than 26-cent average loss
forecast by four analysts surveyed by First Call.

     Kana Communications Inc. (KANA) fell as low as $6.94 in after-
hours trading. It closed at $9.44 in regular trading. The software
developer said in a press release distributed by PR Newswire that
it had a fourth-quarter loss of 37 cents a share, excluding
amortization and stock-based pay costs. It lost 23 cents on that
basis a year earlier. Company officials couldn't be reached for
comment.

     McData Corp. (MCDT) rose as high as $64.88 in after-hours
trading. It closed at $61.50 in regular trading. The maker of data-
storage products said it had fourth-quarter earnings, excluding
stock-option costs, of 12 cents a share. It was expected to earn
11 cents, the average estimate of eight analysts polled by First
Call.

     Owens-Illinois Inc. (OI): The maker of glass container said
in a press release distributed by PR Newswire that it expects
fourth-quarter profit, excluding extraordinary items, to be about
half the 24 cents it earned a year earlier. Company officials
couldn't be reached for comment. The company's expected to earn
21 cents a share, the average estimate of analysts surveyed by
First Call. Owens-Illinois fell 13 cents to $7.13.

     Possis Medical Inc. (POSS): The medical device maker said in
a press release distributed by Business Wire that it is cutting
27 jobs in an effort to cut costs by $2 million a year. Company
officials couldn't be reached to confirm. Possis Medical rose
91 cents to $8.13.

     Potlatch Corp. (PCH): The forest products company said it had
a fourth-quarter loss of 55 cents a share, compared with profit of
29 cents a year earlier, due in part to higher energy costs.
Potlatch fell 44 cents to $32.

     Progressive Corp. (PGR): The auto insurer said fourth-quarter
operating earnings were 67 cents a share, excluding capital gains
and losses. It was expected to earn 48 cents, the average forecast
of analysts surveyed by First Call. Progressive Corp. rose $1.63
to $95.

     Read-Rite Corp. (RDRT) rose as high as $9.50 in after-hours
trading. It closed at $8.25 in regular trading. The maker of
computer disk-drive recording heads said it earned 11 cents a
share in the first quarter ended Dec. 31, beating the 3-cent
average estimate of three analysts surveyed by First Call.

     SanDisk Corp. (SNDK) fell as low as $35 in after-hours
trading. It closed at $46.19 in regular trading. The maker of data-
storage products said first-quarter sales will be 15 percent to 20
percent less than in the fourth quarter because of dwindling
demand and inventory buildup.

     UniSource Energy Corp. (UNS): The electricity generator
raised its forecast for 2000 profit to more than $1.25 a share
from $1.10, citing high demand for electricity in the western U.S.
The announcement was made in a press release distributed by
Business Wire. Company officials couldn't be reached for comment.
UniSource rose 25 cents to $17.63.

     Veritas Software Corp. (VRTS): The maker of software to run
Internet sites said its fourth-quarter loss narrowed to 31 cents a
share from 44 cents a year earlier as sales climbed 64 percent.
Veritas fell 94 cents to $104.06.

Tickers: GLW EFX HLIT SWK

--David Russell in the Princeton newsroom (609) 279-4088 or at
drussell4@bloomberg.net with Geoffrey Smith in Princeton and
William Selway and Ashley Gross in San Francisco/cs/jjs

Story illustration: For a list of most active stocks after 4 p.m.
Eastern time, see {MOST U2 <GO>}. For largest volume increases
during regular trading, see {LVI <GO>}. To see whether investors
are willing to pay more than the market price for a stock that's
rising, or to sell a stock that's falling for less, type the
stock's ticker and {<Equity> GM <GO>}.

Company news:
EFX US <Equity> CN
ENE US <Equity> CN
SWK US <Equity> CN
WMT US <Equity> CN

NI COS
NI MOV
NI USS
NI STK
NI TOP
NI MOST
NI US
NI UPDN


-0- (BN ) Jan/25/2001 13:02 GMT
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