CNET también está disponible en español.

Ir a español

Don't show this again

Tech Industry

STOCKS TO WATCH: Cabletron, JNI Tech Data

    Expect the following technology stocks to be among Thursday's most actively traded issues: Cabletron Systems, JNI and Tech Data.

  • Cabletron Systems (NYSE: CS)

    The network-equipment maker turned holding company should be active Thursday after it topped analysts' estimates by a penny a share in its fourth quarter.

    Cabletron, whose holdings include Enterasys Networks, GlobalNetwork Technology Services and Asprisma Management Technologies, posted a profit of $10.7 million, or 6 cents a share, on sales of $291 million.

    Analysts were looking for a profit of 5 cents a share in the quarter.

    Its shares closed off $1.34 to $10.99 ahead of the earnings report before falling to $10.90 in after-hours trading.

    In the year-ago quarter, Cabletron earned $6.9 million, or 4 cents a share, on sales of $203.4 million.

  • JNI Corp. (Nasdaq: JNIC)

    The supplier of fiber-channel adapters can expect some rough trading Thursday after warning that it will fall well short of analysts' estimates in its first quarter.

    JNI executives said weakness in the Sun server market will result in earnings of between 3 cents and 4 cents a share in the quarter.

    Analysts were expecting a profit of 8 cents a share.

    Its shares closed off $1.25 to $9.13 ahead of the profit warning before falling to $7.28 in after-hours trading.

  • Tech Data (Nasdaq: TECD)

    Tech Data figures to slide Thursday after it easily topped analysts' estimates in its fourth quarter but drastically reduced sales and earnings targets for the first quarter of fiscal 2002.

    The computer-equipment distributor returned a profit of $52.7 million, or 92 cents a share, on sales of $5.3 billion in the quarter.

    First Call consensus pegged Tech Data for a profit of 86 cents a share in the quarter.

    The $5.3 billion in sales represents an 11 percent improvement from the year-ago quarter when it earned $37.1 million, or 67 cents a share, on sales of $4.8 billion.

    Its shares closed off $1.75 to $26.31 ahead of the earnings report before falling to $24.88 in after-hours trading.

    Tech Data said the slowing U.S. economy combined with early signs of weakness in Europe will result in much lower sales and earnings in the first quarter of fiscal 2002.

    Tech Data now expects first-quarter sales of between $4.6 billion and $4.8 billion and earnings of between 45 cents and 53 cents a share.

    First Call consensus was expecting a first-quarter profit of 74 cents a share.