Expect the following technology stocks to be among Friday's most actively traded issues: Alloy Online, AT&T, Ditech and Lightning Rod Software.
Alloy should move higher Friday after it topped analysts' estimates in its first quarter, posting a loss of $5.5 million, or 36 cents a share, on sales of $7.7 million.
First Call Corp. consensus expected the Web site catering to Generation Y users to lose 39 cents a share in the quarter.
Its shares closed off 5/16 to 10 13/16 ahead of the earnings report.
The $7.7 million in sales marks a 200 percent jump from the year-ago quarter when it lost $2.3 million, or 27 cents a share, on sales of $2.5 million.
In the quarter, Alloy Online said it attracted 3.6 million users, of which about 590,000 were established buyers. Its registered user base jumped to 2.1 million from 600,000 in the year-ago period.
AT&T shares should be worth watching Friday after it received Justice Department approval late Thursday to buy MediaOne Group (NYSE: UMG) on condition it sell an interest in broadband Internet access provider Road Runner, the Justice Department said.
AT&T owns a controlling interest in Excite@Home Corp. (Nasdaq: ATHM)., the largest provider of broadband Internet access, while MediaOne has interests in Road Runner, the second largest.
The proposed consent decree would require AT&T get out of the Road Runner joint venture by Dec. 31, 2001. AT&T must still win approval from the Federal Communications Commission for the deal to go through.
Its shares closed off 3/4 to 34 Thursday.
The Canadian software company announced adter Thursday's bell it had received C$15 million in cash, and some key executives were resigning.
The company said late it had secured a much-needed financial lifeline, adding C$15 million in a bought deal financing agreement, with an option for an additional C$15 million.
After a trading halt Corel said it had struck the deal with Canaccord Capital Corp., which includes an option for an additional C$7.5 million at Canaccord's discretion. By mutual agreement, Corel and Canaccord can add another C$7.5 million to the deal.
President and CEO Dr. Michael Cowpland also announced Thursday that Sandra Gibson, executive vice-president, corporate services, and Eric Smith, vice-president, general counsel and secretary have resigned. Although Corel is currently in a quiet period prior to the release of second quarter results, it said the departures are not related to any performance or financial-related issues.
Ditech shares should gain ground Friday after it easily beat Street estimates in its fourth quarter, earning $16.2 million, or 54 cents a share, on sales of $46.8 million.
First Call consensus pegged the telecom equipment maker for a profit of 43 cents a share in the quarter.
Including a variety of charges, Ditech earned $8.9 million, or 30 cents a share, in the fourth quarter.
Revenue in the fourth quarter increased to $46.8 million, a 537 percent improvement year-over-year. That figure included $42 million in voice revenue, said Tim Montgomery, president and CEO.
Its shares rallied up 6 7/8 to 92 5/8 Thursday.
The e-commerce software provider will see some action Friday after naming Jeffrey Skie as its new CFO.
Prior to joining Lightning Rod Software, he held the position of director of finance at Gelco Information Network.
"Jeff is a valuable addition to the executive management team," said CEO Willem Ellis in a prepared release. "His ability to develop and manage solid financial infrastructures is key to supporting our continued growth in the customer interaction and loyalty solutions market."
Lightning Rod shares closed off 1/16 to 4 15/16 Thursday.