Expect the following technology stocks to be among Tuesday's most actively traded issues: Broadcom, Micron Electronics, Oracle and Silicon Storage Technology.
Expect Broadcom shares to get a push Tuesday after it was announced late Monday that it will replace GTE (NYSE: GTE) on the S&P 500 Index.
The chipmaker closed up 3 1/2 to 147 1/2 ahead of the news.
Broadcom shares soared to a 52-week high of 253 in March after falling to a low of 50 3/4 in August.
All 22 analysts covering the stock rate it either a "buy" or "strong buy."
The maker of equipment that links information-storage devices to computer systems said it expects revenue for its first quarter ending June 30 to be as much as one-third below revenue for the previous quarter. The company's fourth-quarter revenue was $15.1 million. Gadzoox fell 6 11/16 to 20 5/16 at Monday's close.
Micron Electronics figures to see heavy action ahead of its earnings report Tuesday, especially in light of traders buying more options on the stock ahead of the report.
Micron Electronics (Nasdaq: MUEI), the PC maker, got a boost ahead of its earnings report last week when Lehman Brothers analyst Dan Niles raised his fiscal 2000 earnings estimate from 28 cents a share to 33 cents a share.
Micron Electronics is expected to post a profit of 3 cents a share in its third quarter.
Micron stock ended unchanged on Monday at 12 1/16 on volume of 1.6 million shares.
Analysts are expecting the database software titan to earn 25 cents a share in its fourth quarter.
Oracle shares will be active Tuesday ahead of its fourth-quarter earnings report.
Last quarter, Oracle raked in $498 million, or 17 cents a share, on sales of $2.4 billion.
First Call consensus expects it to earn 25 cents a share in the quarter.
Its shares closed up 3 1/2 to 82 1/2 Monday.
Silicon Storage Technology shares will gain Tuesday after it announced a 3-for-1 stock split.
The maker of flash memory chips for the digital consumer, networking, wireless communication and Internet computing markets said the split will take effect Aug. 11 for all shareholders of record on July 28.
Its shares closed up 4 3/8 to 89 7/16 ahead of the announcement.
This marks the first stock split in the company's history.
After the split, SSTI will have approximately 89.1 million shares outstanding.
Last quarter, Silicon Storage Technology raked in $9.6 million, or 34 cents a share, on sales of $62.3 million.
First Call Corp. consensus predicts the Sunnyvale, Calif. company will earn 39 cents a share in its second quarter and $1.70 a share in the fiscal year.