Featured Articles From S&P Personal Wealth.NEW YORK--(BUSINESS WIRE)--July 21, 1999-- Read the following articles exclusively at S&P Personal Wealth (http://www.personalwealth.com). Standard & Poor's is a division of the McGraw-Hill Companies: "S&P Downgrades Cadence Design Shares to Hold" http://www.personalwealth.com/prn04 Standard & Poor's downgraded its recommendation on shares of Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. (NYSE NYSE See: New York Stock Exchange :CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ) to 3 STARS (hold) from 4 STARS (accumulate) after the electronic design automation software company posted second quarter earnings per share (before goodwill amortization) of $0.08 versus $0.24. S&P analyst Brendan McGovern notes that after a 17% drop in the first quarter, product revenue fell 37% in the second quarter. He says with recent disruptions that have dogged CDN, he would not add to positions until CDN's new sales model is in place. Word on the Street brings you comments every trading day from Wall Street's top equity analysts on stocks or industries that are moving significantly. "Centocor Agrees to Buyout by Johnson & Johnson" http://www.personalwealth.com/prn03 Centocor Inc. (Nasdaq:CNTO CNTO China National Tourist Office ) agreed to be acquired by Johnson & Johnson (NYSE:JNJ JNJ Johnson and Johnson (stock symbol) JNJ Journal of Nursing Jocularity ) in a $4.9 billion deal. Terms of the transaction call for CNTO stockholders to receive $61 in JNJ stock per CNTO share. Other stocks featured in this morning's MarketMovers include Xilinx Inc. (Nasdaq:XLNX), IXC Communications (Nasdaq:IIXC), PepsiCo Inc. (NYSE:PEP), EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Corp. (NYSE:EMC), Eastman Kodak (NYSE:EK), Boston Scientific (NYSE:BSX), and Clorox Co. (NYSE:CLX). "Stock of the Week: Avitar Inc." http://www.personalwealth.com/prn21 This week's Stock of the Week is Avitar Inc. (Nasdaq:AVIT AVIT Aarupadai Veedu Institute of Technology AVIT Audiovisual Instructional Technology ). Through the development of proprietary foam technologies over the last 10 years, AVIT has positioned itself to be a leader in the huge drugs-of-abuse testing market. The company has developed breakthrough technology that compensates for the unique properties of oral fluid samples and makes them amenable to rapid test devices. Stocks of the Week are suggested investment opportunities for potentially large capital gains over a three- to 12-month horizon, selected using a combination of fundamental and technical criteria. S&P Personal Wealth (www.personalwealth.com) is the award winning service created specifically for individual investors by Standard & Poor's. Investment management features include personalized portfolio recommendations; buy, sell, and hold alerts; free real-time quotes, live market commentary; and in-depth analysis and research on companies and funds from hundreds of Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index analysts worldwide. S&P Personal Wealth, recently described as "...easily the best one-stop shopping site for investors..." by Money.com, can also be reached through leading on-line service partners such as AOL, Netscape, Lycos, Quicken/Excite, ABCNEWS.com, Hearst HomeArts, and Mindspring. |
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