Broadcom (BRCM): The maker of chips used in set-top TV boxes and cable modems said Tuesday it will buy Israeli chipmaker VisionTech for about $677 million in stock. Shares of Broadcom rose $2.81, or about 3 percent, to $87.88 in morning trading.
MarchFirst (MRCH): The Internet consulting company lowered fourth-quarter earnings expectations Tuesday, saying it expects revenue of $235 million to $250 million and a loss per share of 25 cents to 30 cents. Shares of MarchFirst rose 19 cents, or nearly 18 percent, to $1.25.
ADC Telecommunications (ADCT): The maker of fiber optics and network equipment announced pro forma net earnings of 18 cents a share in the fiscal fourth quarter, beating the 17-cent consensus estimate by one penny. Shares of ADC rose $1.34, or almost 8 percent, to $18.88.
SeaChange International (SEAC): The maker of digital video systems announced a $4,000 profit in the fiscal third quarter ended Oct. 31, or less than one penny per share, down from $292,000, or 1 cent a share, it earned in the quarter ended Sept. 30 a year earlier. Shares of SeaChange fell $4.13, or almost 15 percent, to $23.88.
Ulticom (ULCM): The maker of software to support wireless email and text messaging said it had profit of 6 cents a share in the fiscal third quarter, up from 1 cent a year earlier. Shares of Ulticom rose 53 cents, or almost 2 percent, to $28.
Next Level Communications (NXTV): The phone-equipment maker named Motorola executive J. Michael Norris president and chief executive, replacing co-founder Pete Keeler, who will remain chairman. Shares of Next Level fell 63 cents, or about 3 percent, to $17.38.
Credence Systems (CMOS): The maker of semiconductor testing equipment said revenue will fall this quarter. Because of an "uncertain industry environment," Credence chief executive Graham Siddall said in a statement, "we estimate revenue will be sequentially down in the first quarter of fiscal 2001." Shares of Credence fell $1.75, or about 9 percent, to $16.75.
ChipPac (CHPC): The packager and tester of chips for semiconductor makers warned Tuesday that fourth-quarter profits would likely be 3 cents a share, short of the 18-cent average estimate of analysts surveyed by First Call/Thomson Financial. Shares of ChipPac fell $4.34, or nearly 59 percent, to $3.03.