Tech Industry

STOCKS TO WATCH: Ariba, GoAmerica, Harmonic and Network Peripherals

Expect the following technology stocks to be among Tuesday's most actively traded issues: Ariba, GoAmerica, Harmonic and Network Peripherals.

  • Ariba (Nasdaq: ARBA)

    Ariba will see more than its usual share of action Tuesday after announcing it will acquire SupplierMarket.com, a provider of online collaborative sourcing technologies, for around $580 million in stock.

    Its shares closed up 3 5/8 to 92 3/16.

    Company officials said it will issue 6.3 million shares of stock for all the shares of SupplierMarket.com, a privately held company that registered in March with the Securities and Exchange Commission for an initial public offering.

    SupplierMarket.com helps buyers and suppliers of direct and indirect materials locate new trading partners, negotiate purchases and collaborate on the Internet.

    The deal is expected to close sometime in the third calendar quarter of this year.

    Burlington, Massachusetts-based SupplierMarket.com employs more than 150 people and has more than 7,700 registered buyers and more than 12,000 registered suppliers.

    "We believe sourcing is the next strategic high ground for B2B -- it is fundamental to our customers and partners as we work together to build liquidity in the B2B economy," said CEO Keith Krach in a prepared release.

  • GoAmerica (Nasdaq: GOAM)

    GoAmerica figures to move higher Tuesday after Hewlett-Packard said it will use its wireless Internet access service for its notebook PCs.

    GoAmerica shot up 2 1/8, or 17 percent, to 14 3/4 in Monday's regular trading session before surging to 16 9/16 after the bell.

    Hewlett-Packard (NYSE: HWP) shares closed up 2 7/8 to 120 Monday but drifted to 119 9/16 in after-hours trading.

    Company officials said the Go.Web service will be available on the entire family of H-P OmniBook and Pavilion notebook PCs and select models of H-P Jornada Handheld PCs.

    GoAmerica shares hit a 52-week high of 18 in April following its less-than-scintillating initial public offering. The stock fell to a low of 5 1/4 earlier this month.

    In its fiscal year ended Dec. 31, 1999, GoAmerica posted a loss of $11.5 million on sales of $2.7 million, compared to a loss of $2.6 million on sales of $827 000 in 1998.

  • Harmonic (Nasdaq: HLIT)

    Harmonic shares should slip after it warned of lower-than-expected earnings in its second quarter.

    It's now expecting a profit of between 12 cents to 14 cents a share, woefully short of the consensus estimate of 29 cents a share.

    The communications equipment maker said sales will lumber in at $74 million to $82 million mainly because sales to AT&T (NYSE: T) have dried up.

    Its shares closed up 1 13/16 to 40 13/16 ahead of the profit warning but then collapsed to 27 9/16 in after-hours trading.

  • Network Peripherals (Nasdaq: NPIX)

    It could be a long day for Network Peripherals shareholders Tuesday after it said a software problem would result in drastically lower sales in its second quarter.

    Its shares closed off 5/8 to 16 1/2 ahead of the warning.

    The maker of high-speed switches said it now expects second-quarter sales to come in below $1 million this quarter, well short of analysts' estimates of $5.6 million.

    First Call Corp. consensus expected Network Peripherals to lose 17 cents a share in the quarter.

    "Early in the quarter, new advanced software features were incorporated into the company's then current software release," the company said in a prepared release. "This new software release over time proved to be unstable in certain environments and this affected the "sales out" of the company's OEM and, to a lesser degree, channel partners in the form of sharply reduced re-stocking orders.

    Last quarter, Network Peripherals lost $3.8 million, or 28 cents a share, on sales of $3.3 million.

    Its shares surged to a 52-week high of 79 in February after falling to a low of 15 5/16 in September.

    All five analysts following the stock rate it either a "buy" or "strong buy."