X

Equity Movers: Cisco, Lucent, Stamps.com

Cisco, Lexmark, Lucent, RealNetworks, SpectraLink, Stamps.com and WebMD are among the companies expected to move the markets Monday.

2 min read
The following is a list of technology companies that may move in the markets, Monday, Oct. 23.

Cisco Systems (CSCO): The maker of computer networking equipment was criticized in Barron's for an accounting technique that the publication said has allowed Cisco to avoid $18 billion in costs during the past two fiscal years. Shares of Cisco fell 31 cents, or a little over half a percent, to $57.

Lexmark International Group (LXK): The maker of inkjet and laser printers said it will cut 900 jobs as part of a restructuring plan. The company said it earned 50 cents a share, beating the 47-cent consensus estimate. Shares of Lexmark rose $4.63, or about 15 percent, to $34.13.

Lucent Technologies (LU): The telecommunications equipment maker ousted chairman and chief executive officer Rich McGinn, replacing him with former chairman Henry Schacht. The company also cut its fiscal first-quarter earnings. Shares of Lucent rose 63 cents, or almost 3 percent, to $23.25.

RealNetworks (RNWK): The maker of streaming media software said Sony will include RealNetworks' RealPlayer and RealJukebox software with its portable music devices and Vaio computers. RealNetworks will include Sony's compressed digital music format and copyright-protection technology in its RealSystem software. Shares of RealNetworks rose $1.63, or about 7 percent, to $23.63.

SpectraLink (SLNK): The maker of wireless telephone systems said it had third-quarter net income of 10 cents a share. It was expected to earn 8 cents, the average estimate of three analysts polled by First Call/Thomson Financial. Shares of SpectraLink rose $1.06, or about 13 percent, to $9.

Stamps.com (STMP): The online postage company said it will lay off 240 full-time, part-time and contract employees in order to streamline operations. Shares of Stamps.com rose 28 cents, or about 10 percent, to $3.

WebMD (HLTH): The Internet health care company said it will be the preferred provider of electronic-transaction services to Aetna U.S. Healthcare as part of a five-year agreement. WebMD fell 44 cents, or about 3 percent, to $11.75.