Equity Movers: Ericsson, Inktomi, MicroStrategy

Ericsson, Inktomi, JDS Uniphase, MicroStrategy, NBC Internet and Veeco Instruments are among the companies expected to move in the markets Friday.

Jan. 2, 2002 4:43 p.m. PT

2 min read

The following is a list of technology companies that may move in the markets, Friday, Oct. 27.

Ericsson (ERICY): An executive at the wireless telephone manufacturer left the company after he was found to have been moonlighting without permission as a consultant for Computerized Thermal Imaging. Shares of Ericsson rose 25 cents, or almost 2 percent, to $13.06.

Inktomi (INKT): The maker of software that speeds up Internet content said it lost 8 cents per share because of acquisition costs. In the year-earlier period, the company earned 6 cents per share. Excluding costs related to acquisitions and deferred compensation, the company said profit in the recent quarter would have been $8.8 million, or 7 cents a share. That beat the average estimate of 5 cents a share of analysts polled by First Call/Thomson Financial. Shares of Inktomi fell $7.88, or about 9 percent, to $75.13.

JDS Uniphase (JDSU): The fiber-optic components maker said its fiscal first-quarter loss widened on acquisition-related costs as sales rose 171 percent, more than expected. The company said it lost $1.02 billion, or $1.07 a share, compared with $113.9 million, or 17 cents, a year earlier. Revenue, which climbed to $786.5 million from $290 million, beat the average estimate of $755.9 million from a First Call poll. Shares of JDS rose $1.63, or almost 2 percent, to $83.94.

MicroStrategy (MSTR): The maker of customer management software said that excluding charges, it lost $29.9 million, or 37 cents a share, better than the 53-cent loss expected by analysts polled by First Call. Shares of MicroStrategy rose $3.75, or about 16 percent, to $26.75.

NBC Internet (NBCI): The online media company said it lost 88 cents per share excluding non-cash charges from acquisitions. The company lost 87 cents per share in the year-earlier period. Wall Street analysts had expected the company to post a loss of $1, according to First Call. Revenues rose 58 percent to $31.3 million from pro forma revenue of $19.8 million a year ago. Shares of NBCi rose 53 cents, or almost 11 percent, to $5.44.

Veeco Instruments (VECO): The builder of tools for making and testing computer chips said it earned 24 cents a share, beating the 19-cent consensus estimate of analysts surveyed by First Call. Shares of Veeco rose $5.97, or about 8 percent, to $76.72.