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Tech Industry

THE DAY AHEAD: Stocks to watch

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!.

  • Brooktrout Inc. (Nasdaq: BRKT)

    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."

  • Global TeleSystems Group Inc. (Nasdaq: GTSG)

    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 Inc. (Nasdaq: MUEI)

    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.

  • Multex.com Inc. (Nasdaq: MLTX)

    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.

  • Yahoo! Inc. (Nasdaq: YHOO)

    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.