[Deborah Marchini, Cnn Anchor:] WinStar Communications reported a slightly smaller loss than Wall Street expected after Thursday's closing bell. And today RCN is expected to post a loss.
[David Haffenreffer, Cnn Anchor:] For more insights this morning, we're going to cruise across town to the Times Square area where Sasha Salama is standing by at the Nasdaq marketsite Sasha.
[Sasha Salama, Cnn Correspondent:] Good morning, David and Deborah. Thanks very much. WinStar,
[Wcii:] This is a company that provides broadband services that's high-speed Internet access and it blew past Wall Street expectations. WinStar reporting a loss, but it was a loss of $2.06, 33 cents better than Wall Street had expected. WinStar also boosted its revenue guidance for the full year, saying that it will come in revenues will come in at the high end of analyst estimates. WinStar said on the conference call that the reach of its broadband network will grow five-fold over the next year and a half. And there you see, year-to-date, the stock has come under pressure. It's in a very popular area, though broadband, high- speed Internet access, so the prospects, say analysts, look bright for WinStar. Also looking bright, Pixar, the movie studio coming in with results that beat the Street. PIXR is the symbol. Pixar coming in with 53 cents a share. That was eight cents better than First Call estimates. And one big reason for the better-than-expected results: Toy Story 2. That was a big hit for Pixar. Steve Jobs, who, of course, co-founded Apple but also heads Pixar, said that Toy Story 2 will be released on home video for the holiday season this year. Pixar boosted earnings guidance, by the way, for the full year. PIXR should be a mover to the upside. And finally, RCN is reporting results today. RCN provides local as well as long-distance telephone service. It also provides cable TV and high-speed Internet connections. Those are the broadband connections. The stock's been under a lot of pressure. Last time around, it posted a larger-than-expected loss. We'll be watching closely this time. Nasdaq 100 futures on the plus side not by much, and we've got that unemployment report to get through. David and Deborah.
[Haffenreffer:] Sasha, we understand that yesterday was the lightest volume day on the Nasdaq all year.
[Salama:] It certainly was, and that actually bodes well for the bulls out there. If we were seeing any kind of declines we saw a small advance yesterday. But if we saw any kind of heavy-volume days on declines, or days when we saw almost a negative market breadth, that would bode negatively. But lots of analysts are saying that the fact that we're seeing light volume actually bodes well for a possible upturn in this market that's here to stay.
[Haffenreffer:] We'll see. Sasha Salama, thanks very much. s TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com