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B R E A K F A S T W I T H T H E F O O L Wednesday, November 15, 2000 benjamin.rogers@enron.com _________________________________________________________________ REGISTER TO BECOME A FOOL -- GET FREE STUFF! http://www.fool.com/m.asp?i=195694 _________________________________________________________________ Sponsored By: iShares iShares(SM). New tools that combine elements of stocks and index funds! Over 50 indexes tracked. Trade like stocks at market prices. For a prospectus, visit ishares.com. http://www.lnksrv.com/m.asp?i=195695 "If winning isn't everything, why do they keep score?" -- Vince Lombardi ANALOG DEVICES' STRONG Q4 Circuit maker Analog Devices reported estimate-beating Q4 results yesterday. By LouAnn Lofton Integrated circuit maker Analog Devices (NYSE: ADI) reported fourth-quarter and fiscal year-end results yesterday after the bell. The company earned $0.54 a share in the fourth quarter, ahead of the First Call/Thompson Financial consensus estimate by $0.04. In last year's fourth quarter, Analog Devices earned $0.20. Sales for the quarter were up 87% to $806 million from $431 million in the year-ago period. Net income increased to $206.5 million, compared to $73.2 million last year. The company's gross margin improved during the quarter to 58.6% from 52.2%. For the fiscal year, Analog Devices earned $588.8 million on sales of $2.58 billion. In the previous fiscal year, the company's sales were $1.45 billion, and its net income was $204.8 million. On a per-share basis, Analog Devices earned $1.54 a share in fiscal 2000, versus $0.57 in fiscal 1999. The company also announced yesterday that it will be repurchasing up to 15 million shares of its common stock. Currently, there are about 356 million shares of Analog Devices common stock outstanding. The shares are being bought back for use in the company's stock option plans, as well as other employee stock-based benefit plans. Looking ahead to the first quarter of its new fiscal year, Analog Devices expects 7-10% sequential revenue growth. The company sees first-quarter earnings per share to come in between $0.58 and $0.60 a share. The current consensus estimate for Analog Devices' first quarter is $0.54. The company says it believes its revenue growth will be constrained by supply, not demand. Analog Devices' President and CEO Jerald G. Fishman said, "Our first look for the entire year of fiscal 2001 is also very encouraging. We currently believe that fiscal 2001's revenues could exceed fiscal 2000's by more than 50%, which would result in fiscal 2001 revenues of more than $3.8 billion." _________________________________________________________________ NEWS TO GO In an SEC filing yesterday, it was disclosed that the man who has for so long believed in Coca-Cola (NYSE: KO) also apparently believes at least a little in Pepsi (NYSE: PEP). Warren Buffett's company Berkshire Hathaway (NYSE: BRK.A) has acquired about a 1% stake in Tricon Global Restaurants (NYSE: YUM), the Pepsi spin-off that includes fast-food restaurants Pizza Hut, Taco Bell, and KFC. Close to 98% of those restaurants serve Pepsi products. Buffett owns 8.1% of Coca-Cola and is also a director for the company. Ford Motor Company (NYSE: F) said yesterday that it will allow customers ordering new 2001 Explorers to elect to have Goodyear tires on their vehicles over the standard Firestones. This move formally allows customers to have the new Explorers delivered with Goodyear tires, as opposed to switching off the Firestones for the Goodyears before the purchase. It's estimated that between 5-10% of Explorer customers have been asking dealers to change the tires on their new trucks before driving them off of the lot, thanks to the Firestone recall of 6.5 million tires. In states where the tire problems were the worst, up to 40% of customers have been asking for the switch. E-commerce software company BEA Systems (Nasdaq: BEAS) reported third-quarter earnings yesterday after the bell. The company's pro forma net income was $31.3 million, or $0.07 a share. Last year, the company's pro forma net income was $10.4 million, or $0.03 a share. BEA beat the consensus estimate according to First Call/Thompson Financial by a penny. Revenues grew 77% to $244 million, from last year's $126.5 million. Optical networking company Sycamore Networks (Nasdaq: SCMR) announced fiscal first-quarter results after the market's close yesterday. Sycamore's pro forma net income was $6 million, or $0.02 a diluted share, for the quarter. Last year, it lost $4.1 million, or $0.02 a share, in the first quarter. The company earned a penny more than analysts had expected. Revenues grew by 517% to $120.4 million, compared to the year-ago period's $19.5 million. _________________________________________________________________ EDITORS' PICK Our writers love to share their opinions, so we asked them to provide a list of blue-chip stocks they find interesting. http://www.fool.com/m.asp?i=195696 _______________________________________________________________ -News & Commentary http://www.fool.com/m.asp?i=195697 -Fool Community http://www.fool.com/m.asp?i=195698 -Post of the Day http://www.fool.com/m.asp?i=195699 -Latest Fribble http://www.fool.com/m.asp?i=195700 -Latest Market Numbers http://www.fool.com/m.asp?i=195701 ____________________________________________________________ My Portfolio: http://www.fool.com/m.asp?i=195702 My Discussion Boards: http://www.fool.com/m.asp?i=195703 My Fool: http://www.fool.com/m.asp?i=195704 Fool.com Home: http://www.fool.com/m.asp?i=195705 My E-Mail Settings: http://www.fool.com/m.asp?i=195706 Sponsored By: iShares iShares(SM). New tools that combine elements of stocks and index funds! Over 50 indexes tracked. Trade like stocks at market prices. For a prospectus, visit ishares.com. http://www.lnksrv.com/m.asp?i=195707 FREE BOOK, JUST FOR FOOLS! Investor's Business Daily will send you a free copy of 24 Essential Lessons for Investment Success when you sign up for a free trial subscription of their newspaper. http://www.lnksrv.com/m.asp?i=195708 INVESTMENT OPPORTUNITIES IN STEM CELLS Get a free preview of this new report at Soapbox.com. http://www.lnksrv.com/m.asp?i=195709 FOOL DIRECT E-MAIL SERVICES Need to change your address or unsubscribe? You can also temporarily suspend mail delivery. Click here: http://www.fool.com/community/freemail/freemaillogin.asp?email=benjamin.rogers @enron.com< Have ideas about how we can improve the Fool Direct or new e-mail products you'd like to see? Try our discussion board: http://www.fool.com/m.asp?i=195710 ____________________________________________________ © Copyright 2000, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool. . MsgId: msg-30398-2000-11-15_9-09-57-3299769_2_Plain_MessageAddress.msg-09:14:04(11-15 -2000) X-Version: mailer-sender-master,v 1.84 X-Version: mailer-sender-daemon,v 1.84 Message-Recipient: benjamin.rogers@enron.com
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