FINANCIALWEB WEEKLY
http://www.financialweb.com
June 8, 2001

Divya Kumar
_______________________________________________________________________
TABLE OF CONTENTS

1. Looking Forward
2. Last Week
3. Jump Reports

------------------------------------------------------------
EUROTECH (AMEX:EUO) LAUNCHES AD ON CNBCTV

EUROTECH's revolutionary encapsulant EKOR(TM) created for Chernobyl's
containment problems has many worldwide nuclear industry applications and is
solving the "NOT IN MY BACKYARD" issue now plaguing DOE cleanup programs.

To read more visit www.ibc.tv
------------------------------------------------------------

                   Nasdaq    S&P 500	NYSE	  Dow
Close 06/07/01     2264.00   1276.96    645.81    11090.70
1 week change      7.3%      1.67%      0.64%     1.64%


1. LOOKING FORWARD
Our Take: Bullish In Choppy Seas

Economic and Market Outlook:

Indicators point in both directions. The economy is still sluggish and the
industries are still in pain. Though recovery in the overall economy is
still blurred, recovery in some sectors seems on its way. The stock market
turned around after the April 4 debacle, but showed considerable
hesitation to move up last month. It took a step back for every step
forward. The Nasdaq slipped 0.27% for the month of May; the Dow showed
some strength, rising 1.6% in May.

Though the bullish trend is back and we can expect to see the markets
rising further in the next few months, the seas are choppy and frictional
factors will continue to pose hurdles in the upswing. A heartening fact is
that in April, $21 billion was invested in mutual funds as compared to a
net withdrawal of $20.6 billion in March. Further, the IPO market is
finally looking up and investors are treating the new issues fairly well.
Economic Calendar: http://www.123jump.com/econ_cal_live.htm

Earnings Outlook:

Name                       Date     Est EPS  Whispers
Navisite (NAVI)            6/11/01  -0.57    -0.56
Remec, Inc. (REMC)         6/11/01  -0.01     0.00
Valence Technology (VLNC)  6/11/01  -0.22    -0.22
ChoicePoint, Inc. (CPS)    6/12/01   0.31     0.32
CMGI Inc. (CMGI)           6/12/01  -1.75    -1.70
Loudcloud Inc. (LDCL)      6/12/01  -1.21      -
Adobe Systems (ADBE)       6/14/01   0.29     0.30
Heinz Co. (HNZ)            6/14/01   0.53     0.53
IDT Corporation (IDT)      6/14/01  -0.56      -

http://www.123jump.com/p5t.htm


IPO Outlook:

June is expected to spark  the IPO market again with 17 new issues.
Investor's eyes will watch the Kraft Foods IPO next week, one of the
biggest U.S. IPOs ever.

Company                      Industry      Shares (M)  Lead Manager
FMC Technologies             Oil & Gas       11.05     Merrill Lynch
General Maritime Corporation Oil & Gas       7         Lehman Brothers
Kraft Foods Inc.             Food & Beverage 280       CSFB
Odyssey Re Holdings Corp     Insurance       17.14     Banc of America Secs

http://www.123jump.com/ipo_calendar.htm


2. LAST WEEK

Economic and Market Update:

The markets edged up still further this week, though the gains were not
impressive. More bad news flooded the market and investors were hesitant
to sell.  The oil and biotech sectors were strong; the chip sector
turned in a depressed performance before shifting gears on Thursday.
Guidance from Intel Corp. (INTC) and Applied Micro Devices (AMD) that
earnings will be in line with previous expectations infused the markets
with enthusiasm.
Intel guidance: http://www.123jump.com/story.htm?story_id=11865

On the economic front, initial jobless claims for the week rose to
432,000, the highest since 1992 and productivity declined 1.2% for the
first quarter, more than the expected 0.8% decline. This was the first
fall in total worker output per hour since 1993. Unit labor costs, an
important gauge of inflation, rose 6.3%.

Fed chief Alan Greenspan has repeatedly stressed the importance of
productivity in the U.S. economy to contain inflation and spur growth,
and the economic data this week dimmed the optimism. However, in a speech
in Singapore, Greenspan reiterated that inflation was not an issue and
that the rise in crude oil prices was temporary.
Jobless Claims: http://www.123jump.com/story.htm?story_id=11859
Productivity: http://www.123jump.com/story.htm?story_id=11799

Spirits were dampened further when Federal Reserve Governor Meyer stated
that he expects the economy to be sluggish into the second half of the
year. His view echoed the statement by Fed Bank of Richmond President
Alfred Broaddus, that the economy may have not yet have hit the bottom
and more rate cuts may be necessary to prevent a recession.

News at the industry level also did not look good. IDC reported that it
expects U.S. PC shipments to decline 6.3% in 2001, the first annual
decline ever. The Semiconductor Industry Association said that chip sales
could fall 14% this year. Further, they felt that PC and chip sales are
expected to be anemic even in 2002.
Economic Calendar: http://www.123jump.com/econ_cal_live.htm

Company Highlights:

Mergers:
- Speculation that GoTo.com (GOTO) may be acquired sent its stock price
soaring.
- Unconfirmed reports state that Cisco Systems (CSCO) may acquire Marconi
(MONI).
- UAL Corp. (UAL) will purchase MyPoints.com (MYPT) for $112.5 million.
http://www.123jump.com/story.htm?story_id=11764

Splits: Fair Isaac & Co. (FIC) 3:2; Whole Foods Market (WFMI) 2:1; Cross
Timbers Oil (XTO) 3:2; Columbia Sportswear (COLM) 3:2

Earnings Warnings:   Hewlett- Packard (HWP), AXT Inc. (AXTI), Broadcom
(BRCM), JP Morgan (JPM)
Hewlett Packard: http://www.123jump.com/story.htm?story_id=11845
Broadcom: http://www.123jump.com/story.htm?story_id=11844

Upgrades: IDEC Pharma (IDPH), Cheap Tickets (CTIX)

Downgrades: Check Point Software (CHKP)

52-week Highs: Copart Corp. (CPRT), GoTo.com, ICOS Corp. (ICOS), Expedia
(EXPE), Cima Labs Inc. (CIMT), THQ Inc. (THQI), Take Two Interactive (TTWO)

Earnings Update:

Company                           Est EPS   Actual EPS
Comverse Technology (CMVT)         0.42      0.43
Carrekar Corporation (CANI)        0.06      0.06
Omnivision Technologies (OVTI)     0.00      0.00
Comtech Telecommunications (CMTL)  0.17      0.19
National Semiconductor (NSM)      -0.03      0.00

Comverse earnings: http://www.123jump.com/story.htm?story_id=11779
Comtech: http://www.123jump.com/story.htm?story_id=11823
National Semi: http://www.123jump.com/story.htm?story_id=11878
Earnings section: http://www.123jump.com/p500.htm
Earnings Calendar: http://www.123jump.com/p5t.htm


IPO Update:

Unilab Corp. (ULAB) took off to an impressive start, rising to 23 on
Wednesday, 44% above the offer price of 16. Torch Offshore Inc. (TORC)
rose to 17.99 from its offer price of 16. Looks as if the good times  are
here again  for IPOs.

Priced:
Company                     Lead Manager           Price ($)
Unilab Corp. (ULAB)         Salomon Smith Barney   16
Torch Offshore Inc. (TORC)  UBS Warburg            16

Torch Goes Off: http://www.123jump.com/story.htm?story_id=11843

Announced:
Company                        Lead Manager            Industry
American Eagle Tankers Inc.    Salomon Smith Barney    Transportation

Week's IPOs: http://www.123jump.com/pricings.php3?opt=1


3. JUMP REPORTS

123Jump.com does a detailed analysis on markets, companies and industries.
Here are some of the latest reports:

French telco Alcatel announced this morning that the company will sell its
consumer DSL modem business to Thomson Multimedia for $387 million.
http://www.123jump.com/story.htm?story_id=11857

COR Therapeutics, CV Therapeutics and Chiron all announced last night that
they would attempt to raise hundreds of millions through various sources
of financing.
http://www.123jump.com/story.htm?story_id=11854

"There is no doubt in my mind that the demand for deploying IP cores
continues to be very strong." Surya Panditi, CEO,  Avici Systems
http://www.123jump.com/story.htm?story_id=11714

"In Denmark lawmakers are extremely creative and we have been forced over
time to implement different accounting schemes ... with five accounting
structures in place." Flemming Tamstorf, CIO - SimCorp A/S
http://www.123jump.com/story.htm?story_id=11713

This morning broadband player Excite@Home announced that it would shut
down operations in France, Germany and Spain.
http://www.123jump.com/story.htm?story_id=11825


---------------------------------------------------------------
Advertise With Us:
For more information about advertising in our email newsletters
please visit:
http://123jump.com/contact.htm

Helpdesk:
To unsubscribe or update your settings please visit our
online help desk:
http://123jump.com/help.htm
---------------------------------------------------------------


www.financialweb.com Copyright 2001

Disclaimer: The material herein is for information purposes only and
should not be deemed an offer or solicitation on our part with respect to
the sale or purchase of any securities.


---
You are currently subscribed to financialweb as: shendri@ect.enron.com
To unsubscribe send a blank email to leave-financialweb-797941Q@newsletter.netstocks.com