Stocks To Watch from Market Watch at 7:26 PM EST.....
cbs.marketwatch.com
Movers & Shakers
Copper Mountain, Go2Net, WebTrends
By Debra McGarry & Michael Baron
Last Update: 7:26 PM ET Jul 17, 2000
NewsWatch
Latest headlines
U.S. stocks to watch
Copper Mountain Networks (CMTN: news, msgs) shares fell about 10
percent in the evening session. The company beat analysts' earnings
estimates for the second quarter, announced following the closing bell. Pro
forma net income rose to $14.2 million, or 24 cents a share, a penny
ahead of the consensus analysts' estimate. In the same period a year
earlier, the company posted net income of $2.8 million, or 5 cents a share.
Sales jumped to $80.2 million from $22.9 million for the comparable
quarter last year. The stock rose 8 7/16 to close at 123 11/16 in the
regular trading session but moved down 9 7/16 to 114 1/4 in after-hours
trading.
Go2Net, Inc. (GNET: news, msgs) posted better-than-expected earnings
in the fiscal third quarter, the company announced after the market closed.
Go2Net recorded pro forma earnings of $10 million, or 22 cents a share,
compared to $3 million, or 7 cents, in the same quarter a year earlier.
Sales shot up 300 percent to $23 million from last year's $5.7 million. The
stock closed up 4 14/, or 8 percent, at 58 1/16. See full story.
After the market closed, Novellus Systems (NVLS: news, msgs) said net
income rose to $75.7 million, or 56 cents a share, in the second quarter.
This was up from $12.4 million, or 10 cents, in the same quarter of 1999.
Analysts surveyed by First Call forecast a profit of 52 cents a share. Sales
leaped 149 percent to $326 million from last year's $131 million, up 19
percent sequentially. The maker of wafer fabrication systems advanced 4
3/16 to close at 68 7/16.
JNI Corp. (JNIC: news, msgs) posted slightly better-than-expected
earnings of $3.1 million, or 12 cents a share, 3 cents ahead of the Wall
Street estimate and a dime higher than the year-ago period. Net income
last year in the comparable quarter came in at $433,000. Quarterly sales
shot up 181 percent to $24 million from $8.5 million in the year-ago
quarter, up 30 percent sequentially. The company cited continued strong
demand for its UNIX and PC suite of products and marketing initiative.
The stock added 1 15/16 to close at 50.
Following the closing bell, Lattice Semiconductor Corp. (LSCC: news,
msgs) said sales moved up 134 percent, year-to-year, in the second
quarter to $140 million from last year's $59.7 million. Quarterly profits
rose 162 percent to $33.6 million, or 61 cents a share, compared to last
year's $12.8 million, or 26 cents a share. The consensus analysts' estimate
was for a profit of 55 cents a share, according to First Call. Lattice, which
develops programmable logic devices or PLDs, saw its stock advanced 2
15/16, or 3.8 percent, to close at 78 9/16.
Silicon Laboratories (SLAB: news, msgs) recorded net income of $5
million, or 10 cents a share, excluding non-cash charges, a penny ahead of
Wall Street expectations. In the same period of 1999, the company made
$1.2 million, or 3 cents a share. Quarterly sales rose 224 percent to
$24.3 million from $7.5 million in the comparable quarter of last year.
Silicon makes mixed-signal integrated circuits for the wireless and wireline
communications industries. Shares closed up 6 3/32 at 74 15/32.
Tyco International (TYC: news, msgs) shares may fall Tuesday after
privately held Applied Medical announced that the U.S. District Court for
the Central District of California found that U.S. Surgical, a division of
Tyco, directly infringed two of Applied Medicals' patents related to
technology used in minimal invasive surgery. Tyco shares closed off 1/8 at
53 3/8.
WebTrends Corp. (WEBT: news, msgs) posted better-than-expected
earnings of $2.1 million, or 7 cents a share, compared to $526,000, or 2
cents, in the same second quarter of 1999. Analysts polled by First Call
projected a profit of 6 cents a share. Quarterly sales shot up 237 percent
to $13.5 million from last year's $4 million. WebTrends provides
enterprise services for corporate web sites. The stock improved 3 3/4 to
close at 42 1/2. |
