Expect the following technology stocks to be among Monday's most actively traded issues: Brooktrout, Global Telesystems, Micron Electronics, Multex.com, Texas Instruments and Yahoo!.
The telecommunications-equipment maker should get some activity Monday after announcing it will spin off its digital subscriber line unit Interspeed in an initial public offering.
Brooktrout shares moved up to a 52-week high of 20 13/16 in May after falling to a low of 9 5/8 in April.
The stock closed up 13/16 to 14 13/16 Friday.
Company officials said the Interspeed will trade on the Nasdaq exchange under the ticker "ISPD."
The company said on Monday that its board of directors has approved a two-for-one stock split in the form of a stock dividend.
The telecommunications company said the new shares will be issued on July 21 to shareholders of record as of the close of business on July 1.
Micron Electronics, the direct-PC unit of Micron Technology, is scheduled to report third quarter earnings after the bell on Monday.
Wall Street is expecting the company to report a profit of 6 cents a share. The company will hold a conference call at 5 p.m. at (630) 395-0481, according to its Web site.
The online investment research service will be on the move Monday on reports that it will buy financial content provider Market Guide Inc. (Nasdaq: MARG) in a stock swap valued at more than $110 million.
Multex.com shares closed up 11/16 to 28 5/8 Friday while Market Guide added 2 1/4, or 10 percent, to 23 7/8.
Multex.com shares surged to a high of 71 1/2 in April but have struggled in the past two months.
Company officials may announce the deal sometime Monday morning.
Texas Instruments Inc. (NYSE: TXN)
The chipmaker said Sunday it would buy Israeli chipmaker Libit Signal Processing for $329 million. Libit Signal Processing makes chips for set-top boxes and cable modems.
Discount Investment Corp , a shareholder in Libit, said the deal, which is subject to various conditions, was expected to be completed on June 30.
Discount said it would receive $12.9 million for its 4.1 percent stake.
On Friday, Discount subsidiary PEC Israel (NYSE: IEC) said it had agreed to sell its 4.1 percent share in Libit for the same amount.
TI shares closed off 3/4 to 132 3/4 Friday. The stock hit a 52-week high of 135 9/16 last week.
The world's leading Internet portal is reportedly interested in teaming up with stock tracker Instinet to offer electronic trading services on its site. A possible deal could provide retail investors with Net-based e-broking.
Yahoo! shares closed up 2 13/16 to 144 7/16 Friday.
Reuters contributed to this report.