Expect the following technology stocks to be among Monday's most actively traded issues: Compaq, NVIDIA and Sun Microsystems.
Compaq shares will be active Monday after CEO Michael Capellas offered up some good and bad news late Friday.
Capellas said that while PC demand remains strong, component shortages will plague the industry through the rest of the year.
"I don't think there's any question there's a component shortage like we've never seen in the industry. We are absolutely facing it like everybody else," Capellas told Reuters in an interview. "We're working our relationships with our suppliers, we're tightening up our supply bases. We did rebuy some inventory, raw material, at the end of the second quarter so it's something we're all having to manage right now."
Capellas added that the company would earn around $1.08 a share in 2000.
"We have blessed the numbers for the year," he said. "There's no question that demand's extremely strong, but it's a very real issue about what supply's going to be."
The maker of 3D graphics processors and graphics processing units should be active ahead of its second-quarter earnings report.
First Call Corp. consensus expects NVIDIA to earn 26 cents a share in the quarter.
Last quarter, it raked in $18.3 million, or 47 cents a share, on sales of $148.5 million.
Its shares closed up 2 5/8 to 77 Friday.
Sun Microsystems shares should be worth watching as investors react to last week's 2-for-1 stock split.
Sun, which consistently shatters analysts' sales and earnings estimates, was a big part of the reason the Nasdaq composite enjoyed strong gains last week.
Company officials said the split will take effect on Sept. 12.
Sun shares ended up 2 15/16 to a 52-week high of 122 3/8 Friday.
Reuters contributed to this report. >