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Tech Industry

STOCKS TO WATCH: Accord Networks, and Verizon Communications

Expect the following technology stocks to be among Monday's most actively traded issues: Accord Networks, and Verizon Communications.

  • Accord Networks (Nasdaq: ACCD)

    The maker of advanced networking and switching systems should be active Monday ahead of its second-quarter earnings report.

    First Call Corp. consensus predicts the Atlanta-based company will earn 1 cent a share in the quarter.

    Its shares moved up to a 52-week high of 13 1/4 in July before falling to a low of 7 1/4 two weeks later.

    This will be Accord's first quarterly earnings report since its initial public offering in late June.

    Both analysts following the stock rate it either a "buy" or "strong buy."

    Its shares closed off 1/16 to 8 11/16 Friday.

  • (Nasdaq: ADAM) will be worth watching ahead of its fourth-quarter earnings report.

    The provider of health and medical information products posted a loss of $4.2 million, or 82 cents a share, on sales of $1.4 million last quarter.

    There is no First Call Corp. consensus estimate for this quarter.

    Its shares moved up to 20 1/2 last August before plummeting to a low of 3 1/4 in May.

    The stock closed up 1/4 to 4 5/8 Friday.

  • Verizon Communications (NYSE: VZ)

    Verizon shares will be active after about 85,000 telephone operators and line technicians went on strike Sunday.

    Union members at Verizon, the company created by the merger of Bell Atlantic Corp. and GTE Corp., walked out at 12:01 a.m. on Sunday, immediately after the current two-year contract expired, said spokesmen for both the Communications Workers of America and International Brotherhood of Electrical Workers.

    The two sides continued to negotiate through the strike deadline, before taking a break at 3:30 a.m., and a CWA official said the talks would resume later.

    It was not immediately clear how much progress had been made on key issues such as job security and the union's desire to more easily organize workers at Verizon's wireless unit.

    Verizon submitted a new contract offer shortly before the midnight strike deadline that addressed many of the unions' concerns about the company's use of outside contractors and the amount of forced overtime employees must work, the unions said.

    Despite the strike, basic telephone service and dial-tone remain unaffected for the company's 27 million customers in 13 states from Maine to Virginia, the company said.

    The walkout by 33 percent of Verizon's workers is the second strike in two years at the company.

    Verizon shares ended down 1 1/16 to 46 15/16 Friday.

    Reuters contributed to this report.>